Personal statement for business economics major

For business economics major - Personal Statement Example Focusing on business economic studies will enable me to prepare the present for future progress in business activities. My interest to study business economics is based on the experience I possess in entrepreneurship and the modes of overcoming challenges related to various life situations. I am aware that my present decisions will enable me to embrace a prosperous future. This will be based on application of the concepts that I will acquire from business economics class. The determination and passion that I possess towards pursuing business economics studies emanate from past experiences related to the field. I interned for Chows Elect; a company that specializes in manufacturing materials for micro chips and LEDs among others. I was the assistant manager obliged to participate in activities such as business meetings, providing ideas, and interacting with potential customers. I was able to learn what the real world is like, and how to stay on top by organizing my lifestyle. I also l earned that the business world is changing at a fast pace such that if you are not on top of your game, you fail tremendously. This principle has enabled me to be self motivated and committed in all the activities I engage in; enables me to attain my full potential. Furthermore, the committed character that I acquired when serving as an assistant manager has made me a conscientious and hard working person; this will enable me to become successful in my studies. My strength is the ability to adapt and excellently pursue life opportunities. This makes me confident that I will be able to cope and solve future problems related to business economics. I have lived in six different countries which taught me how to reason under pressure and solve problems. I taught myself how to repair my own car. By studying the car diagram, I was able to install the suspension and many other parts. Success in business economics studies involves innovative connection of information bits and pieces. I was a GoKart Racer at 10 years, indulged into formula 1 racing when I was 14, and competed with other racers in different age level for 4 years in China. However, just as I was about to secure sponsorship from Audi my father passed away and my mother had some difficulties and I only had to keep on believing. Even though I was not able to continue, I will never give-up my dream that has become a drive in my life. I will take one step at a time, finish school, save money and become successful. When I become financially stable, I will own a race car team and support more young people who do not have the privilege to be enrolled in other car teams. I was not discouraged by my life incidents; instead, they made me stronger. They provided me with an opportunity to move forward and chant the way forward for a prosperous future. I recently established my own clothing brand called Urban Beasts. It is a fashion brand with fresh designs by college students. It is already an established brand in Tai wan and has generated steady surmountable revenue for the past 6 months. It also provides a platform for young talented people to express their skills on photography, dance, art and music. It is an excellent opportunity for me to learn how to manage a company, become a leader, take responsibility and organize resources. Management of the brand enables me know how to interact with my friends as well as treat them as colleagues. Economic concepts acquired through studying the course will enable me

Critically discuss this statement. Provide examples of what techniques Essay

Critically discuss this statement. Provide examples of what techniques or approaches might be part of the province of Strategic Management Accounting, citing relevant research for their inclusion - Essay Example The information about the position of the competitor is, then, used to position the business in the best way to beat its competitors in the industry. Although Managers try to use strategic management accounting to advise their businesses on the competitive issues, there have been claims that the strategic management techniques that they are using, might already be in use in management accounting. This puts no use to the strategic management elements and techniques that the Strategic Management Accountants are busy applying in as far as competitive aspect of the business is concerned since these elements can as well be applied by the management accountants. Some of the authors and researchers who have questioned the use of strategic management accounting on advising businesses on issues of gaining competitive advantage include Beverly R. Lord (1996) and John K. Shank (1989) among others. This essay will majorly be based upon the claims of these two authors: Lord (1996) and Shank (1989), to unravel the clear position of the situation. The main born of contention here is to unravel the truth in their claims and either qualify or disqualify them. To be able to handle this issue, we will evaluate some of the strategic management accounting issues that the management accountants apply in their practice. The research will encompass the background information on the development of Management Accounting from traditional to modern practice. With these, we will then evaluate, using the existing literature, whether these elements and techniques applied by strategic management accountants for competitive advantage reasons already exist in the business operation through management accounting or not, and their relevance in decision making both in the short-term and long term basis. We will then conclude by giving support to a well-established