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21st Century

Forces influencing Business in 21st Century

There are quite a number of forces that have combined together to allow business and products to have great influence in our society than any other time. With innovation, business can thrive well in 21st century. These forces are influenced by either demand or supply of the product which determine whether the business will take a negative or positive response. In oil industry the prices for oil are basically determined by supply-demand factors. The last major recession for oil industry was experienced in 1990.
Due to growing demand for oil in all the countries and shorter supplies they have made oil prices to increase drastically (Glomsrod, Osmundsen, 2005). Oil prices can be adjusted and they respond positively or negatively to the change in demand and supply. Therefore, due to low supply and high demand, oil prices are bound to stay high in medium term. Due to these high prices of oil as result of low supply and high demand, recession cannot be possibly avoided since global economy has increased with increasing demand. (Lovris, 2004)
When government pays farmers not to grow crops it boosts the economy since they will use the money given to them by government to purchase their products. When prices are low, government buy crops and put them in government reservoir and sell it to people later when the prices are high. This allows the economy of the country to grow considerably and thus while some countries discourages growing of crops since they can invest in other areas. One of the concepts covered in the discussion that is applicable to current work place is demand.

Demand for teachers in Baltimore city public school system is due to the increased number of students, classes and school. Therefore those who offered to teach in these schools were offered high salaries (Baumol, 2005). In economics, factors such as political, economic, social and change in technology influences the trend of a business greatly either positively or negatively. Efficiency a business leads to company to operate at a low capital and operating cost which consequently increases profit and reduces the use of resources and energy (Beardshaw, 2001).
Therefore, Business in the twenty first century has greatly been influenced by supply and demand. Supply and demand basically determines the marketability of products either positively or negatively. While economic determine the business trend
Reference: Solveig Glomsrod, Peter Osmundsen, (2005), Petroleum Industry Regulations within Stable States, Ash gate, New York. Amory B. Lolins, (2004), Winning OIL endgame, EarthScan, New York. John Beardshaw, (2001), Economics Student Guide, Pentice Hall, New York. William J. Baumol, (2005), Economics, Thomson London,

Categories
21st Century

21st Century Learners

Carol Dweck, in an article entitled “Who Will the 21st-Century Learners Be? ” discusses the characteristics of 21st-century students, their attitude towards learning as well as their hierarchy of values .
She based her conclusions on AASL document describing appropriate standards for learners of 21st century. The article points out that nowadays students do not possess features required by AASL, like for instance critical thinking or ability to evaluate themselves.The author explains that most of the current learners have “a fixed mindset”, which means that students believe to have limited intelligence capacity and, after reaching certain point in their development, they simply are not able to develop any more. Dweck claims that learners “value looking smart over learning” and “they are not disposed to engage in critical thinking to gain and share knowledge; and they are low on self-accountability and self assessment strategies”.Nevertheless, the author found the solution to that problem and explains that learners with growth mindset- those who think that the intelligence development is possible- could reach the AASSL standards. Moreover, she presents the results of her researches in which she finds that “students with a growth mindset seek out learning, develop deeper learning strategies, and strive for an honest assessment of their weaknesses…” and thanks to this their school performance was better that their peers.Professor Dweck believes a growth mindset might be broaden, and to do so, we should praise students for effort put in the process of studying rather than for their intelligence.
When they strongly believe that they are so intelligent, they could refuse further learning after making mistakes. They think that “success means they’re smart, and they conclude difficulty means they are not”.Moreover, we can also teach students the growth mindset what have a contribution to increasing their motivation. Also, familiarizing student with arcana of the work of brain helps them to comprehend the process of learning. Author believes that the successful twenty-first century learner will possess a lot of passion, curiosity and resilience.