Maria Joaquina Estrada Rodriguez

Why do you need to know your investor? It is always good to know the people you are dealing with, knowing what to expect from others, and it could maybe affect the way you treat them. Some points you should maybe consider knowing about them are: In what does she or he invest? Knowing what type of investors they are and what they are interested in what they like or don’t like about a product could be helpful when offering your ideas. How does he participate in his investment? Is he a good investor? Does he know how to negotiate? What are his hobbies, where does he come from, who are the members in his family, what sports do they practice, do they like football or soccer? Do they enjoy watching a good basketball game or do they prefer watching golf tournaments. Do you have mutual friends with them? What do they do during their free time, these are some important aspects you should consider before a meeting with a possible investor. What do you expect from them and what are you willing to...

What is negotiation you may ask? And why is it important? Negotiation is when you get to an agreement and it is important for when you want to get something from someone, and both parts could have a benefit from it. There could be a lot of people involved in a negotiation, it could go as easy as two people or a little more complicated when a lot of people is involved, like companies, where you have to listen to everyone’s opinion, but at the end it is only one representative who seeks for the company’s interests and tries to find a good for both parts. As I was saying a good negotiation must be beneficial for both parts, after some decision making both parts can go home happy knowing that is fair for everyone. It is important for the both parts to be really clear in what they want, having flexibility for decision making and communication between others is key.  When you know you need something and want to get being persuasive and knowing how to express yourself to convince others i...

The process that converts marketing strategies and plans into actions to achieve objectives is best known as the marketing implementation. Like I talked on my last blog about the swot analysis there are several aspects to consider too, that will help you to carry it out correctly. It is really important to consider the macroenvironment, which it is not controlled by the company and can have a negative or positive impact on the organization (PESTE). This stands for, politics, economical, social, technological and environmental. There are four aspects necessary to be able to develop efficient and effective strategies for the type of market you are in, this is known as marketing mix and the four components are: product, promotion, price and place. The product involves the services that fully meet your client’s needs, and it guarantees efficiency, packaging is really I portant and should be considered because it is your visual aid, what the client first sees, and the impression it might ca...

During this week’s classes we discussed about the analysis you make when your company requires changes and generating new strategies and skills, this is called a swot analysis. This analysis contains several aspects that should be considered before making big decisions and changes in your company’s organization. This considers 4 important aspects: internal, external, controllable and non-controllable factors. Swot analysis stands for: strength, weakness, opportunity and threats. Strengths in are controllable and internal factors in a company that allow you to visualize what your company is doing correctly and that it has the capacity for good decision making, like the use of technology and media, you get to know your company better and get a hold of what you are doing properly. Some negative aspects that could be controlled in a better way are the weaknesses, If u have better control in this areas you could have very helpful improvements for your company, and if you don’t quickly corre...

Entrepreneurship An entrepreneur is a person who identifies opportunities and organizes essential resources needed to take it, they are commonly people that start a business, it sees an opportunity an takes it, innovates. There are two types of entrepreneurs. Pure and indirect. Pure entrepreneurs are the ones who initiate a business not because they have the economical need for it but because they see an opportunity and want to seize it. They are visionnaires and like to take an opportunity when they see a good one. And the other type of entrepreneurs is the indirect one. This types of entrepreneurs are the ones who initiate a bussines because they need the economical resource, they need the money and have a lack of resources. They start a business because of need, they need money and need to find a way to get some. Some qualities of an entrepreneur are having initiative, it is really important that you want to innovate and create new things. Having vision, it works when you have an id...

To have a good administrative job in a company having moderate control, there are several things you should consider when working on achieving goals and running a company. One of them is planning, planning considers the organization’s goals and the steps you need to follow when you want to achieve a goal. You have to establish objectives and think of activities that will help you decide what’s best for your company and get you to achieve your goal on a easier way. Organization is key, it considers the parts of the company’s structure and decides from which part of the organizations decisions will be taken, it implies the analysis of a structure. Leading is really important, it is really important to maintain your personnel motivated, also having a good relationship helps them work willingly and in a good way, it helps them in a way they feel comfortable with their work and their environment, we need everyone in the company wanting to work and do things right so they can succeed as a te...

Managerial competencies We talked about the different models of managerial competences. There are six topics to talk about. The first one being communication. Communication is really important for everything in our life, but if we are talking about management it comes in really handy to have a stable communication with your personnel, having a good relationship with your workers, is the key to success. Another important aspect is planning. Having a good planning and being organized is very important. Knowing your goals and make plans to accomplish them is something you’d want to do. Strategic action. Making sure employee’s efforts are in line with the strategy, this requires visionary leadership, and being aware of the actions and consequences. Auto-administration, being able to administrate your time and have your work scheduled with due dates so you give in all your work in time and not be a rock on the way of your company. Practice your marketing and put it towards all types of ethn...

During this week’s classes we discussed about leaders in companies and the different types of leadership you might find in businesses. We went over three different types of leadership. The first one is a democratic leader. The democratic leader encourages its people to participate encouraging them to decide more about their power in the company, and express their ideas, learning more about their functions and sufficiency to make decisions, and aren’t limited to receiving orders. The second one is the autocratic leadership. This type of leadership is known for the individual control of the leader over the decisions and a really small participation from the personnel’s part, they take decisions based on their ideas and for what they think is best for the company. They rarely take advice from their other group members. It is sometimes helpful on some situations, like for example when you get in teams and no one wants to talk, or no one knows what you are supposed to be doing, someone has ...