Friday, November 15, 2019

The Key Principals Of Effective Communication English Language Essay

The Key Principals Of Effective Communication English Language Essay An interpersonal relationship is an association between two or more people. Interpersonal communication is a term that refers to the ways that interpersonal relationships are shaped, maintained, and changed. Interaction between people, usually in face-to-face or private settings deals with issue of interpersonal communication. People view communication differently, so it helps to understand why people behave and communicate different. Communication may contain the aspects of listening, persuading, asserting and nonverbal communication. Communicating effectively is when the person receiving the information understands you, and you understand them. If your ability to converse well with others is not good, it will affect the importance in your personal and professional success. The concept of interpersonal relationships is given by ones understanding of interpersonal communication its main beliefs, misconceptions and barriers. First, the concept of interpersonal relationships is given by ones understanding of interpersonal communication its main beliefs, misconceptions and barriers. Interpersonal communication includes message sending and receiving between two or more individuals. This can include all areas of communication such as listening, persuading, asserting, nonverbal communication, and more. To communicate well, one must have the basic communication skills. These skills include: Leveling, Listening, Validating, and Ià ¢Ã¢â€š ¬Ã‚ ¦ statements. Leveling means letting a person know your thoughts and feelings. When both parties do not know all of the information, a misunderstanding or conflict arises. Listening is a skill that not only involves hearing what a person is saying, but also comprehending what they are saying. Active listening is when someone makes a mental outline of important points, thinking up questions or challenges to the points that have been made, and becoming mentally involved with the person talking (Hybels Weaver, 2007, p.85) There are several steps involved in active listening. First, we must identify the central idea or the main thought. Next, we must form a mental outline of the speech. Next, we should predict what will come next in the conversation. Fourth, we relate the points of the conversation or speech to our own experience. Then we should look for similarities and differences on the information we are receiving. Is it similar or different from what we already know? Finally, we should ask questions. The next basic communication skill is validating. Validating is a skill that involves communicating to others that you have heard their position or opinion. With validation, we should accept the opinions and feelings of others as being true. Ià ¢Ã¢â€š ¬Ã‚ ¦ statements are when the speaker takes responsibility for their own feelings. This keeps defensiveness, or conflict, away from the communication. An example of an Ià ¢Ã¢â€š ¬Ã‚ ¦ statement is when someone states I understandà ¢Ã¢â€š ¬Ã‚ ¦ or I feelà ¢Ã¢â€š ¬Ã‚ ¦ Using I statements allows us to speak for ourselves. Secondly, people expand and uphold their self-concepts through the course of taking action and building, then reflecting on what they have done and what others tell them about what they have done. Our perceptions are influenced by physical differences, like what we see and hear. Our perceptions are also influenced by the information we receive and what we already know, by habit, and culture. Self-concept is how you think about yourself. Self-concept comes from reflected appraisals from family and friends, and social comparisons. Sometimes judgments can be good or bad. You can change your perceptual influences by staying healthy, avoiding conflicts, taking time out, being accessible, and being able to adjust to other influences. There are many barriers to effective communication. These barriers can be present a persons work or even at home. At work, we speak to many different kinds of people. Many do not have the experience of communicating effectively with others. You need to learn as much as possible about whom you are communicating with, so you can pick the best way to send your message, and then there might less misunderstandings or confusion. The choice of a persons words is one barrier. The words we select to use will have an influence on the quality of our communication. To use words effectively, we need to understand their meanings and associations, in different situations. An additional barrier is the misinterpretation of body language, tone, or other forms of non verbal communication. Again, we should learn how to read another persons nonverbal cues so we know how to respond to them. The way you pay attention, look, shift, and respond tell the other person whether or not you care and how well youre listening. We learn from the very beginning of our lives how to get what we want with gestures and non-communication, and then we learn to trust our environment One more barrier is selective hearing. A very irritating thing about communication is when the person is not listening to you. This can lead to misunderstandings and confusion. Many people choose what they want to hear and do not hear all of the important facts. We should be active listeners so the communication is not lost from one person to the next. You should not be distracted when listening. You should paraphrase, make acknowledgments, dont interrupt, and then respond. A good example of selective listening is with children. Children only hear the beginning of the conversation. They become bored with what they are hearing and lose their concentration. So it is best not to beat around the bush; get straight to the point. Also, an extra barrier is to overcome is power struggles. Sometimes we do not want to listen to someone who does not have the authority over us. Many people think they do not need to listen to another person that may not be of a higher rank then they are. This is true in children and at the workplace. Some other barriers may be stereotyping, or culture differences. All of these barriers can be overcome. To overcome these barriers and become good listeners with effective communication, we should be open-minded, polite, and thoughtful. Everyone could use to learn more when dealing with communication, to learn and understand how to make the interpersonal interactions more efficient. There are many principles to be effective in interpersonal communication. By understanding these principles, we can improve our communication with our coworkers, and anyone we come in contact with. The first principle is to treat each other with respect (Sharland, 2008). This means that instead of putting our energy into complaining about others, we should use that energy for a better use. We should have an open hearted consideration for others no matter who they are or whatever they have done. Treating someone disrespectfully leads to escalating responses. For example, if we have a disagreement with a coworker, we should listen to their point of view to keep the communication ongoing. It would be nearly impossible to work with someone you cannot have a conversation with. This does not mean we have to like this person, but it does mean that the circumstances that caused the issue are unlikely to get worse. The second principle is that we should not interrupt one another (Sharland, 2008). Interruptions can be in a form of speaking at the same time, cell phones ringing, or something other than listening to the speaker. By not interrupting others and focusing on what another person is saying, we are more likely to be listened to. Many times we assume we know what the person is going to say and we bring our own thoughts into the conversation. This is also interrupting. The listener takes over the conversation and they never fully hear what the speaker is saying. Many discussions are hindered by interruptions and often at the end those involved go away with very different views about what has been said (Sharland, 2008). The third principle is that we have the right to pass (Sharland, 2008). Sometimes we may want to pass on something but we still participate because we feel coerced or guilty if we do not participate. We often call this peer pressure. When people are not able to pass on something, they become closed up about their thoughts and feelings because people begin to talk about them. Resentment can build against others and damage a relationship. At work there is often pressure to do what others are doing. If we do not conform to others, we feel isolated and resent the other coworkers. Sometimes it is just difficult to say no. The fourth principle of effective communication is that we do not volunteer others (Sharland, 2008). Sometimes before making a decision for someone else, we should check with them first. When we do not communicate, we cause confusion and conflict. For example, if I were to decide to go somewhere for the weekend and my spouse has made other plans, there may be a conflict between us. Although it may take time to communicate with this other person, it will eliminate any conflict. The time to resolve the conflict is greater than the time it takes to communicate with another. Sometimes we are volunteered to do something that is not in our job description. When this happens, because there is not pay increase, we may resent our employer and may appear unenthusiastic about our job. The fifth principle is to speak only for ourselves (Sharland, 2008). In speaking for ourselves, we often use I statements. Many times we do not hold the same views as others and should not assume they feel the same way. Speaking for others usually leads to conflict. We can assume we know what someone is feeling, but the only way of knowing is to ask them. By using this principle, we make more accurate statements with our communication and avoid unnecessary resentment or conflict. The sixth principle is that we do not speak too often or for too long (Sharland, 2008). If we speak too long, we will have bored listeners and will lose their attention. We will also take too much time and not give them a chance to voice their own opinions. This situation can happen at our workplace such as in meetings or can happen in the home. Many times a parent goes on and on to a child. The child gets tired of listening and is then disciplined for not listening. If a person speaks too often, they are resented because they do not allow others to speak. This happens often in meetings when an individual contributes their thoughts on the subject. They continue with their thoughts and do not give others the opportunity to voice their opinion. The effectiveness of the communication is reduced because the conversation is one-sided. When someone speaks too long or too often, we can improve the conversation by showing our interest. Many times people who repeat things over and over feel t hey are not being heard. If we question them or show our interest, they feel their ideas are being listened to and will move on to the next topic. The seventh principle is that we challenge the behavior and not the person (Sharland, 2008). When we challenge or label a person, ineffective communication occurs. Many times we focus on how someone is perceived to be rather than the behavior they exhibit. Labels are often the result of a conflict. This ineffectiveness in communication brings defensiveness in the person being labeled. When we label a person, the communication does not move forward. We may be able to vent our anger, but we do not communicate the reason for the anger. Instead of name calling, one should express their feelings or the reasons for their behavior. Name calling is just an endless solution. The eighth principle of effective communication is that we respect confidentiality (Sharland, 2008). When we respect ones confidentiality, we gain a persons trust. It also brings a feeling of safety, intimacy, and acknowledging and respecting ones vulnerability in relation to the issue. If we pass on confidential information, we lose the trust of the other person. Many times if people feel their personal information is going to be shared with other, they are uncomfortable and less likely to share their views, fears, ideas, vulnerabilities, or mistakes. The ninth principle is that it is ok to make mistakes (Sharland, 2008). With this principle, we realize that we are not perfect and making mistakes are opportunities for learning, connecting and insight rather than opportunities to condemn others. Without this principle, the other eight would be useless. When we make a mistake, we should use a different principle to be effective in our communication. All of the principles are not rules to go by, but are guidelines to make communication meaningful and effective. Communication is composed of verbal and nonverbal expressions. Verbal communication is what we actually say. Nonverbal communication includes facial expressions, eye contact, body posture, and motions. We are sensitive to these types of body language. As many of us have heard the saying, Our actions speak louder than words. Our nonverbal communication must match what we say. Nonverbal communication can help emphasize the truth, sincerity, and reliability of our communication. Nonverbal communication is important in many situations. It is good to pick up nonverbal cues to prepare oneself on how to handle the situation. We can respond to another appropriately when we understand their nonverbal cues. It also allows us to prevent a violent situation from being escalated. There are many things to consider when interpreting nonverbal communication. We should consider distance. The distance a person stands from another often gives a nonverbal cue. In some cultures, the distance shows how intense the communication is. A persons posture shows how formal the communication is or how relaxed it is. We may be sitting or standing, or have our arms crossed. Another thing to consider is the physical contact with the other person. Shaking hands, embracing, pushing, or patting are all ways to send a nonverbal cue. Some great features of nonverbal communication include facial expressions, gestures, and the way we look at someone. A smile, frown, raised eyebrow, yawn, and sneer can all carry information. There are many different facial expressions and they can change throughout a persons conversation or interaction with another person. Hand movement is the most frequently used gestures but the least understood. People use their hands quite often while they are talki ng. It may be difficult to know what a person is meaning when they use their hands. The person could be just demonstrating something with their hands. Another feature of nonverbal communication is eye contact. Effective communication is very important for you the speaker and the listener. When we communicate effectively, we can eliminate misunderstandings and conflict. When we listen, we need to hear all of the details and be sympathetic to their feelings. We need to learn how to read nonverbal cues. By learning the basic communication skills one can have better communication with others. Effective communication is an essential component to be successful whether it is at work or at home.

Wednesday, November 13, 2019

Essay on Light and Dark in The Scarlet Letter :: Scarlet Letter essays

Light, Dark, and The Scarlet Letter Nathaniel Hawthorne's bold novel, The Scarlet Letter, effectively employs three major symbols: light, dark, and the scarlet letter. The novel relies heavily on light and dark symbolism to represent the eternal struggle of good versus evil. One example of the effective use of light and dark symbolism occurs when Hester and her daughter are walking in the forest, Pearl exclaims: Mother, the sunshine does not love you. It runs away and hides itself, because it is afraid of something on your bosom. Now see! There it is, playing, a good way off. Stand you here, and let me run and catch it. I am but a child. It will not flee from me, for I wear no- thing on my bosom yet (192) Hester tries to stretch her hand into the circle of light, but the sunshine vanishes (192). She then suggests that they go into the forest and rest (193). This short scene actually represents Hester's daily struggle in life. The light represents what Hester wants to be, which is pure. The movement of the light represents Hester's constant denial of acceptance. Hester's lack of surprise and quick suggestion to go into the forest, where it is dark, shows that she never expected to be admitted and is resigned to her station in life. Another way light and darkness is used in symbolism is by the way Hester and Dimmesdale's plan to escape is doomed. Hester and Dimmesdale meet in the shadows of the forest with a gloomy sky and a threatening storm overhead when they discuss their plans for the future (200). The gloomy weather and shadows exemplify the fact that they can't get away from the repressive force of their sins. It is later proven when Dimmesdale dies on the scaffold inste ad of leaving with Hester and going to England (269). A final example occurs by the way Hester and Dimmesdale can not acknowledge their love in front of others. When they meet in the woods, they feel that, "No golden light had ever been so precious as the gloom of this dark forest (206). This emotion foretells that they will never last together openly because their sin has separated them too much from normal life. The scarlet letter also takes many different forms in the novel. The first and clearest form that the letter A takes is "Adulteress.

Sunday, November 10, 2019

The Human Lives Depending on Technologies

As we approach the new millenium, it has become obvious that more than ever before, we need technology. And yet every new technology places new demands upon us creating new forms of frustration and stress. We can not live with it, but we can not live without it. If we fail to conform ourselves, will we remain the ignorant victims of the computer age? Will we become its slave? This is the focus of this paper. We have learned from our readings that the Luddites learned about the technology that was being abused in their time. They worked on the cotton gin machines and were skilled technicians. They understood that it was not the power of a useful machine they were fighting but the power of those who mismanaged it. The same can be said for the management of computer technology. There is not doubt that computer technology has become central to the operation of global multinationals, financial markets, security surveillance, and as well as everyday life. There is little we can do with a computer interface device that will preserve our identity. Governments acting as a global police force protecting us from ourselves can easily monitor the electronic trail of commands and transactions. Perhaps the Luddites could see farther into the future than anyone suspected. With regards to the downfall of technology and the role it would play on people's lives, as they became dependent upon technology for survival. Let's take for example the huge technological dilemma of the fast approaching twenty-first century; the issues surrounding Y2K. It has been feared that people's lives will be totally devastated, as the technology they have grown to depend on will suddenly fail them on January 1, 2000. It is thought by many that all of the technology that we have come to depend upon for survival will cease to function successfully. The cars which we depend on for travel, the coffee we depend on to start our day, the electronically controlled furnaces we depend on for heat, and the elevators we depend on to bring us to work will suddenly fail us all together. Even the traffic lights will become chaotic as the computers that control them will be tricked into believing it is January 1, 1900. Even the great mastermind computer programmers of our time could not think of anything more than a band-aid solution to the transportation problem. It appears that the Transportation Department of the City of Calgary will solve their traffic light dilemma by tricking the computer system that controls the traffic lights into believing it is January 1, 1972. Obviously this band-aid solution will not solve all problems, as this will still be a problem for the next generation of transportation programmers. It appears as the New Millenium fast approaches we need to return to an age that does not depend on technology for survival. People are concerned that since no technology is reliable enough to survive the Y2K dilemma that we will have to return to the ways of our ancestors for survival during this time of technological uncertainty. Heaven forbid if we could not get a fresh loaf of bread from our technologically advanced breadmakers. Information technology is a valuable extension of our power of perception and reasoning, but when we rely on it exclusively it has a debilitating effect. When we were first confronted with this new technology it absorbed all of our human resources in order to learn and adapt to the magnitude of this new technology. Many of us overextend ourselves and become obsessive allowing computers to consume all of our attention; therefore, losing our perspective of reality and purpose. If this remains the permanent attitude resulting in the overextension of our own resources, which this technology was meant to serve, then we have become the servants of this technology.

Friday, November 8, 2019

Frankenstein an Ill Tempored Scientist essays

Frankenstein an Ill Tempored Scientist essays The aggressive competition in todays marketplace is compelling companies to find new ways to maintain their customer base and at the same time to expand upon it. Retention of customers is paramount to the success of any company. It costs five to six times more to acquire a new customer than it does to keep an existing one. A powerful way to increase the retention of customers is to institute a Customer Satisfaction Program. It is through this need that I have conducted my research on the benefits of a Customer Satisfaction Program. Research was conducted at the St. Albert Public Library as well as through the Internet. Although most of this research proved to be positive for the benefits of a Customer Satisfaction Program, some critics claim that this type of program requires too much of the companys resources to be used in maintenance of a program. (Loyalistics.com White Papers) Customer Satisfaction Program Defined A Customer Satisfaction Program is a company wide program encompassing all employees in the building of strong customer relations through adding value to products and or services offered to the customer. (Davidow Establishing a Customer Satisfaction Program To retain customers through a Customer Satisfaction Program, a company must spend resources to: Ø identify their customers needs and expectations Ø identify the needs and resources of employees Ø establish a measuring tool to gauge the success of the program. Identify Customer Needs and Expectations Identifying the needs and expectations of a customer allows the company to set standards suitable for the customer. Putting the interests and needs of the customer first will create loyal custo ...

Wednesday, November 6, 2019

Pure, Per Se and Natural Monopolies

Pure, Per Se and Natural Monopolies Introduction Today’s economies need to evaluate and analyze effects influenced by decisions made in production, consumption or relatively all production and marketing activities. Economic agents interact in the production and marketing environments and a particular agent decision can have an influence to social-economic effects on the other (Externalities and policy, nd).Advertising We will write a custom research paper sample on Pure, Per Se and Natural Monopolies specifically for you for only $16.05 $11/page Learn More These influences and effects are regarded as the externalities. This means are effects beyond production or consumption of a project, firm, industry or individual spectrum (Mankiw, 2008). Externalities effects can be positive or negative. Negative externalities are actually painful to the immediate agent. Governments through its institutions need to develop and implement policies to curb negative externalities effects that could other wise cause malfunction of another economic agent. As a policy maker concerned with correcting externalities relating to gases and particularly emitted by local power plants, various policies need to be developed and enforced. Policies to curb negative externalities due gases emission and consumption thus will lessen the overall effects to other agents still maintaining and maximizing the economic activity. Policies to reduce the total amount of emissions There are many costs related to the production and the consumption of gases. For example damage of the environment and risk of explosive gases emission and levels. Some of the policies to be developed include pure, per se and natural monopoly market structure policy and an environmental policy. Monopoly market structure policy Because the competitive economy of emission and the production of gases in presence of externalities are inefficient, fighting externalities through monopoly structure policy is legitimate. In this monopoly ma rket structure policy, objectively target to shift production levels into a more social-economic level (Hirshleifer et al., 2005). This will further reduce reduction. Market inefficiency in competitive economies regarding production of gases occurs due to production more that the market demand and thus increasing the negative externalities. The policy will reduce production of gases because the monopoly industry will produce enough to meet market demand.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Only one firm will be provided with the license to produce gases under pure, per se or natural monopoly bases. Government can franchise international company to engage in the production and benefit the monopoly powers. Conversely, there are various costs related to monopoly market structure. Bearing in mind the industry produce enough for consumption, it still possesses powe rs to regulate prices thereby assuming the role of capitalistic market system (Hirshleifer et al., 2005). In fact, the industry is responsible in setting prices and not the demand supply mechanism in the market. Environmental policy The policy acts as externality control policy. Environment policy is usually also referred to as targeting policy (Riley, 2006). The policy involves deciding economic variables such as prices or outputs regulated in an attempt to control externalities. Developed policy reduces production by giving quotas to the involved firms. Further as argued by Zilberman, (2002) production level is curtailed by applying taxes and subsidies to regulate or reduce production. Environment policy targets outputs reduction, inputs or externality generating activity to reduce overexploitation thereby reducing production levels. Government measure and calculate the pollution produced per unit of outputs and set tax percentage on the output to achieve externality reduction tax . Conversely, there are various cost related to environmental policy. According to Riley, (2006) one cost is that the government institution may find it’s difficult in estimating the degree of pollution or externality thereby causing underestimation or over estimations. In addition, increase in taxes and giving of subsidies may drive firms from the industry decreasing production levels lower than demand (Riley, 2006). This causes inefficiency in the market and under utilization of resources. Conclusion Externalities are usually connected to market failures. Usually, when externalities prevail and the policies are instituted to curb effects, prices do not reflect the true marginal costs. Ideally, many policies lead to erosion of competitive economy spirit leading to low production and consumption levels.Advertising We will write a custom research paper sample on Pure, Per Se and Natural Monopolies specifically for you for only $16.05 $11/page Learn More The benefits of producing and consuming gases do not only benefit the producer or consumer. The economic activity may bring fourth other negatives to the consumer. Thus immediate policies need to be formulated to protect other economic agents such as consumer and the social ecological systems. Government should therefore reduce or internalize the main externalities through adoption of various policies. The above policies, market structure policies and environment policies would reduce externalities due to production and emission of gases. References â€Å"Externalities and policy† (nd). Negative externalities and policy. Web. Hirshleifer, J, Glazer, A., Hirshleifer, D.A, (2005). Theory and Applications: Decisions, Markets, and Information. Cambridge: Cambridge University Press,  Mankiw, N. G. (2008). Principles of economics. New Jersey: Cengage Learning. Riley, G. (September 2006). Externalities Government Policy Options. Markets Market Systems. Eton College Web. Zilb erman, D. F. (2002). Negative externalities and policy. University of California. Web.

Monday, November 4, 2019

Finance assignment Example | Topics and Well Written Essays - 1250 words

Finance - Assignment Example These Advisory services provide the clients to grow. A Financer: as a financer it provides their clients i.e. the local, state and national governments to finance and expand the infrastructure. It also works for the clients to transact, support, manage, innovate and invest (The Goldman Sachs Group, Inc. (GS), 2015). The profit on the investments is known as the rate of return, it can be of two types. Firstly are the Dividends that paid to the shareholders out of the profits of the organization in the form of returns of the investments made by the shareholders. The dividend rate is announced by the Board of Directors of the organization. Secondly, the return is in the form of Capital Gain/Loss. Mostly, the capital gain is reinvested by the shareholders to get new shares of the company. The total return can be calculated by adding the Dividends and the Capital Gain. Where Rs denotes the rate of return from investment in the company’s shares, DY denotes the dividend yield that provides investors the idea about the actual percentage of returns paid out to the shareholders in the form of dividends, and CG is the capital gain that shareholders can achieve from their holding in the company’s shares. The dividend yield can be calculated using the following formula. Where, D1 is the dividend expected in period 1 that is determined by applying an estimated growth rate of dividends to the dividend paid in period 0, P0 refers to the price of the company’s shares in period 0 and P1 is the stock price in period 1. It helps in measuring the risk of change in the value of the company’s stock in relation to the change in the value of the market index. It is mainly used to compare the risk of one stock with other stocks. The measure can help investors make their investment decisions based on their risk assessment and acceptance of risk. The value of beta equal to 1 represents that

Friday, November 1, 2019

Explain this statement and conclude your discussion by saying whether Essay

Explain this statement and conclude your discussion by saying whether or not you agree with the law commission's current proposa - Essay Example Laws regarding the rights of consumers across the UK were not protective enough to sufficiently safeguard the interest of consumers. The new laws were, therefore, put forward to enhance sanity in sales of products and consumption of faulty products. In order to show that the grievances presented by the European Commission were heard, the Law Commission published laws that would protect the consumers against consumption of faulty goods. Law Commission made an indirect response to the European Commission’s paper with pretence that it was responding to the 2002 Consumer Sales Directive. Whether or not the publication of the Law Commission was ignited by the October release of the European Commission, these laws are a sure relief to the UK consumers. The laws protect the rights of consumers in a way that had not been possible in the past. A critical analysis of the Law Commission Proposals and Remedies for Faulty goods to Consumers relays a lot to be desired about the laws. The ne ed for harmonization of European consumer rights and related remedies was the primary objective of both publications. Whereas the consultative paper was not designed to directly respond to the â€Å"The European Law Commission Proposals†, it indirectly touched the core values of that proposal as an attempt to harmonize all United Kingdom Laws relating to consumer rights and remedies with those of the Commission proposals. This Consultative paper further earmarked an indirect advice to the commission regarding short term remedies to be harmonized across Union members without necessarily deviating from the traditional Contract Law remedies like rejection, repair and replacement or rescission (The Joint Consultative Paper, 2009, P.63). European Commission Proposals are another area of the laws that exhibit great deal of fascinating and likeable issues. The Law Commission Proposals were aimed at achieving the â€Å"consumer acquis† across the European Union relating to goo ds consumed and trading rights (The European Law Commission,2008). These rights include the right of withdrawal by the consumer from an ambigueous contract and is associated with the â€Å"cooling off period†, the need to protect consumers from â€Å"aggressive commercial practices†, removal of all trade barriers across all member states boarders, promotion of online contractual arrangements or trading among other things. The right of withdrawal is concerned with door to door and distance trading activities including both goods and services rendered to the consumer (Schultze, 2009, P.179). By all means, such steps to protect the rights of citizens of the wider European Union are a reason to smile about. The commission proposals are most likely going to enhance economic productivity of the region with increased trade and commerce. These European Commission proposals are majorly intended to harmonize trading activities among European states and once the Union has achieve d this, it will have a better competitive advantage over other regions in trade and industry. The major bottleneck is understanding the micro and macro economic factors that drives businesses. More in particular is an understanding of the