"Coming Out of Thin Air"
Hello, my name is Noah and my group(Stephen, Peter, and William)are selling punching balloons. But we didn't come from "thin air". First of all the project we're doing a simulation in our school to model how the non-profit organization Kiva™. Our math class was split into different groups and each group represented borrowers. Later, we made our Kiva™ business plan and put it on our site so people(well teachers)could read our business plan then give a loan to us ranging from $1-$5. Now after we get all our money, we use it to buy toys to sell to students. Once we get all the money from students that we need, we pay the teachers back. There were more details in the process like making our loan application, and making a bank account. But what I'm going to talk about is Global Competence during this process and when we were waiting to be funded.
One Global Competence that I thought was important was Communicating and collaborating. I think this help our group move through this process much more smoothly since we worked together and communicated how we would manage different things. For example, while we were waiting to be funded, we would always check how much money we had gotten, then we would tell each other the amount and how much percent we had been funded. The second Global Competence that I think is important is value in multiple perspectives. This Global Competence is very important because each of my group mates could empathize with each other to see how we were feeling about a certain topic-or problem. Another example, when we were waiting to be funded, we told each other how we felt. We were mostly anxious because we wouldn't get funded but in the end, all of the anxiety resided when we were funded. In conclusion, all the work that my group did was that "thin air".
The global competence that I'm most proud of is Problem Solving. My group and I have used Problem Solving in several situations. In the beginning of the Kiva business process, the first sale didn't go to well. We only got eleven costumers and twenty two dollars. My group and I talked and we decided we would lower the price of our product(Punching balloons)down to one dollar. In the nest sale during the fair, everything went much better than the last sale. We gained almost eighty dollars and sold over thirty five punching balloons! Most of our costumers were lower school students probably because they liked toys more than the upper school students. Everything was going well and everything seemed like it would be OK. That changed after we had the next Kiva sale. We only had two costumer and barely anyone even came to the sale! This happened because that day was an 8th grade vs. faculty basketball day. I also think that not that many people came because there weren't any advertisements for our sale. Again, my group and I talked to each other and came up with a solution. We would make advertisements for our sale and of course, lower our price down again to fifty cents. We hope that this solution will help us during our next sale.
Our group had to also figure out how much money we would pay back each month. We talked and we concluded on fifteen dollars a month. We think that paying only fifteen dollars a month will leave enough money in our balance. In all these situations, problem solving has helped us out a lot, and I hope that it will stay that way.
Being a borrower has changed my perspective. While I was a borrower, I felt very anxious. I was anxious when my group had to make different decisions on, how much money we needed, who we needed to pay back, etc. My group needed to make sure that everyone got their money back, and we still had enough money. We had to know how much money to spend on our product(about $53). Being a borrower teaches you how to mange money without becoming bankrupt. To conclude everything, being a borrower changed how I think about making a business.
The fidget spinner part of this project changed the way I see a business work. The global competence I had during that process was Comfort with the new and unfamiliar. The fidget spinner was a much bigger turn for me and my group. We dealt with more products, which meant we were dealing with more money. At the beginning, I was very unsure on how we would get all these fidget spinners out there. Once we had sold all of the product. I felt that we did a good job. Dealing with more items and money felt a bit uncomfortable to me but later on, I got the gist.