Reflective essay about the guest speaker Essay Example for Free

Reflective essay approximately the guest utterer EssayI have been given the opportunity to attend one of the guest speaker events to write my reflective essay on. The guest speaker lecture I attended was a woman who had her have got wed company and as years went on she changed it to just focus on spousals cakes, rather of dresses and wedding events etc. The speech was very useful as the business student it gave me a wider friendship and ideas for the emerging and I am so successful I attended because when you hear about another(prenominal) persons journey through their business it helps you to understand more and focus on whats Coperni flowerpot. She as well spoke about the change in her technique to challenge competitors and blending techniques which she said in her speech Niche was to give her clients exactly what they expect when theres conflict within the wedding party which you would understand when you be getting married you want everything to go undefiledl y for your big twenty-four hour period and everything to go how you planned it. So making the cakes she had to make authentic especially for wedding cakes she unendingly makes sure it is exactly how the clients asked for so there is no conflict and issues as a client it would be annihilating seeing a result of the complete opposite of how you wanted the cake to be. Its always important to keep the clients happy and impressed as it plays a big part in the company and you would want population to leave good and positive reviews and thats how you build your company.The guest speaker besides mentioned the sparing climate which is a general characterization of the overall mood of the global economy or of a regional economy, which captures the status of the stock market, the perception of the economy by consumers, and the availability of jobs and credit. Business decisions such as hiring, borrowing, lending, and investment in new initiatives are often strongly influenced by the ove rall scotch climate. The economic climate for her company was sweatshops because they have been a factor in the production of goods around the world for centuries exclusively the globalization of business has led increasing numbers of major corporations to take advantage of low-cost sweatshops restriction in developing matterries. Recent examples of sweatshop conditions in the garment industry have caused an international outcry by Labour leaders and government officials. This whole situation made the clothing cost less than the sell price of fabric. Also, it all depends on the target market on who it is targeting at and in her company she had a lot of people that were size 14 plus. The recessions in the 1990s Were she wasnt making enough capital and it made it difficult for her to hold on to the business, the disposable in shape up reduced as well as the wedding cakes were considered elastic products which meant the sellers and buyers adjust their demand for the good product when the price changes.Also, the guest speaker spoke about the disadvantages that affected her business was the changes in the law 1990 health and hygiene regulations. She spoke how this was a big jounce on her business because of changing fashions and finding ways to keep up with the times and the little things count in maintaining a high-quality brand. All these things were genuinely important towards her business because if you dont follow the rules and regulations it can cause a danger to the company and she could lose it all. The implications of changing environment were keeping up to discover with change as it plays a big part when having your deliver business and you are responsible for following and researching changes in the law. Attending wedding fairs was a chance for her to promote her business and give our business card game and people to get a taste of her company so they knew what the service and goods are if they wanted her for the incoming upcoming events. Alo ng with that she also mentioned how she had wedding cake competitions which she enjoyed but you have to compete with others so clients come to her and not the other companys. It was all about having the good product and knowing what the audience love, although it was a competition it was also about learning new techniques from others and others learning from her and how they do their design. She explained how learning from others isnt always a bad thing, sometimes its good for you as if give you more ideas on how to correct and have better skills than what you already have and know.The pricing strategy is also important as she had to admission charge the cost by monitoring the prices of competitions and having the interactions with customers have changed because of the internet where you have social media like Instagram, Facebook or your have business website where people have easy access and can easily contact you via message enquire for quick information and you have other peo ple who are already your clients writing feedback which catches other peoples attention as well.She spoke how if it was profitable, and explained that yes the wedding dresses were more profitable as there are the wedding every season of the month and the love of weddings, where every woman wants to look perfect with the perfect wedding dress on the big day.During the guest speaker event, I am so glad to have attended as I have learned many things from the guest speaker verbalise about her company. She has motivated on helping me create ideas for what I plan for my future business/career. She also taught me that it is important to be up to date with the rules and regulations and always do research on anything especially when having your own business or if you wish to. You also need to think of contingency measure in variant emergency and situations, doing this will make sure the events you hold or the finished product will be carried out smoothly with no conflicts. How I intend to implement ideas gained in the event to boost my future career, is by attending more of the guest speaker events and be involved when there are events red on to help me boost my confidence, doing this I know it will help me to understand more and also because I am studying business in most of my modules it helps me to understand each day. Doing research is really important before thinking of having your own business so it gives you a wider knowledge and keeps you aware of the advantages and disadvantages.ReferencesWhat is economic climate? definition and meaning (2017). Available athttp//www.businessdictionary.com/definition/economic-climate.html(Accessed 26 November 2017).Sweatshops facts, information, pictures Encyclopedia.comarticles about Sweatshops (2017). Available athttp//www.encyclopedia.com/social-sciences-and-law/economics-business-and-labor/labor/sweatshops(Accessed 26 November 2017).