Analysis of Japan’s Economic Structure

Examination of Japans Economic Structure The Japanese financial structure has consistently been seen to be both steady and dependable. Regardless of times of trouble, the principles and guideline encompassing the Japanese financial industry have consistently endeavored to manage any potential issues and to oversee them both on a universal and national level. In any case, there is a contention that the severe idea of the guideline in itself has messed some up for the division, with numerous banks ending up in bothered positions having followed the methodologies upheld by the focal Ministry of Finance. Preceding the troubles looked during the 1980s, which will be talked about in more noteworthy detail later, the Japanese banks generally followed the direction of the Ministry and had a sense of security in the information that there was a wellbeing net set up should they fall into money related challenges. Japanese banking, all in all, was not especially beneficial and rather worked a careful, yet very steady assistance. In sp ite of this methodology, the Japanese financial part hit a considerable emergency during the 1980s, stunning those inside the Japanese financial framework, yet in addition those associated with banking arond the globe. By considering the occasions that caused this time of trouble and looking all the more explicitly at the exercises of one financial gathering, specifically, it is trusted that exercises can be drawn from the situation that will forestall comparative occasions happening once more. Foundation to Japanese Banking The blasting of the air pocket during the 1980s didn't simply appear unexpectedly; truth be told, when the financial framework inside Japan is contemplated, for a long time before the air pocket burst, it is obvious to see that the establishments for this troublesome time had been laid some extensive time ahead of time of the occasions themselves. Post war Japan took an exceptionally fragmented and interior way to deal with banking. Not many exchanges were led g lobally, with practically all financing items being offered to Japanese organizations. This worked in the principle because of the attitude of the Japanese individuals; they were sharp savers, in this manner, the banks in Japan had a consistent progression of assets accessible to offer financing to Japanese enterprises. When in doubt, city banks offered financing to bigger companies, while territorial banks offered financing to littler and progressively nearby organizations. Actually, worldwide exchanging was so down and out on the plan that the legislature utilized the Bank of Tokyo during the 1950s and 1960s to manage the outside trade needs of the nation and to go about as the fundamental remote agent. Banks inside Japan cooperated, with the drawn out credit banks offering totally various administrations to the business banks. The banks were very client orientated, offering financing at fantastically modest rates to invigorate the economy, frequently to the detriment of the banks ’ benefit. All components of the financial part were overseen intently by the Ministry of Finance which was to a great extent liable for all rate setting and banking connections. Mergers between banks once in a while occurred and when they did they were regularly fruitless because of the isolated idea of the various banks, along these lines making it hard for organizations to combine effectively as far as culture, organization and ethos.

Forecast of Aud/Usd Free Essays

In present moment, Australia is confronting higher expansion rate (2. 9%) than the United States (2. 1%), this can prompt the household showcase cost increment yet very little variance for money conversion scale. We will compose a custom article test on Estimate of Aud/Usd: or on the other hand any comparable subject just for you Request Now In addition, Australia has higher GDP development rate than United States (3. 5% versus 2. 4%) and lower joblessness rate than US, which are 5. 2% and 7. 9% in 2013. In this manner, the salary will increment in Australia. Australia buyers would spend more on the US imports and the interest for US will increment. The gracefully of dollars will increment to purchase more US items and the estimation of USD will expand comparative with the AUD. All in all, we anticipate that the swapping scale of AUD/USD will diminish temporarily. In halfway term, there will be very nearly a consistent decrease of swelling rate every year in Australia while that of United States remains genuinely steady. The Inflation rate in United States is still lower than Australia. Accordingly, it is exceptionally improbable that the financing cost in Australia will increment by an enormous sum. Then again, the loan cost inside the United States would be relied upon to remain very low. Also, as indicated by the data from IMF, GDP development of Australia will be steady at 3. 5% while that of United States will increment from 2. 4% to 3. 5%. Despite the fact that there is a huge decrease in joblessness rate in United States, it is as yet higher than Australia’s. Thusly, as long as the US Federal Reserve won't actualize the money related approach QE3 in the following barely any years, the cash of the United States will go facing Australia, yet swapping scale of Australia will even now be somewhat higher than United States in the middle of the road term. In the long haul (more noteworthy than 5 years), the expansion pace of Australia will drop to 2. 4% in 2017 while that of United States will begin to rise. Then again, GDP development for both Australia and United States are comparative at a steady pace of 4% and are difficult to improve?In expansion, the joblessness rate will keep on declining to about 4%. After 2017, expansion rates and GDP development pace of the two nations are relied upon to draw nearer and closer, accomplishing the steady coordination at long last. Simultaneously, the Central Banks ought not raise their loan fee to bring down the swelling. In this, taking everything into account, we anticipate that the swapping scale of AUD/USD will stay at a steady relationship with one another in the long haul. Reference: IMF 2012, IMF Data Mapper, 2Executive outline This report centers around guaging the pattern of swapping scale of AUD/USD and PHP/USD in present moment, middle of the road term and long haul. The principal examination depends on the adjustments sought after and gracefully of those three monetary standards. As far as PHP/USD, for present moment, the higher local loan fee in Philippine and the fiscal approach (QE) will be actualized by United States will result in PHP/USD diminishes. For middle of the road term, as QE develops the GDP of United States, Philippines stay household arrangements and focus on, the flexibly of dollars increment quicker than request of pesos decline, PHP/USD keep on diminishing. For long haul, those elements which influence the conversion scale will pattern to arrive at an another balance, PHP/USD increment. With respect to AUD/USD, because of the expanded utilization of Australia on the US imports, the interest for US will increment. Subsequently, AUD/USD will diminish for the time being. For middle of the road term, Unit Stated will encounter an undeniable financial recuperation while the major macroeconomic factors in Australia for the most part stay at a steady level, along these lines AUD/USD will nonstop fall, however AUD will at present acknowledge marginally against USD. In the long haul, the economy of the two nations are relied upon to get a steady coordination, so almost certainly, the USD will quit deteriorating against the AUD and the conversion scale between the USD and he AUD accomplish a new harmony. In proposal, US dollar pattern to devalue against Philippines peso in short and middle of the road term, buying pesos utilizing US dollars now and trade back to US dollar later on which as long as 5 years for picking up benefit. US dollar pattern to be acknowledged against AU dollar in short and middle of the road term, thus the top chief should hold a short situation on the AUD and a long situation on the USD, while for the drawn out the top director simply hold a short situation on the USD. Step by step instructions to refer to Forecast of Aud/Usd:, Papers

udemy

udemy INTRODUCTIONMartin: Hi, today we are in  San Francisco  with Udemy. Eren, who are you and what do you do?Eren: Hi, my name is Eren Bali and Im the co-founder, chairman and former CEO of Udemy. We are a market place for online courses. We have thousands of instructors around the world who are really passionate about their subjects and they are so skilled so they come to Udemy to create courses and share it with the rest of the world.Martin: Great!Martin: And, what did you do before you started Udemy?Eren: I think while I was in college, I already knew I wanted to be an entrepreneur. So there wasnt a lot of other things. I was in college, I went to school in  Turkey, I grew up in  Turkey. I went to college there to study computer science and mathematics. And in the last year of the college, we started our first company with my co-founder, whos still with me on Udemy.Initially, we were doing some other projects. We had created a 3D simulation for constructions. It was how we started. Bu t I always wanted to work in education, so we built a company that were close, similar to Udemy in terms of supervision in Turkey, almost 8 years ago. So we launched it, but we realized that wasnt the right time and the right place.It wasnt the right time because all this different section wasnt ready, bandwidth was expensive and audio conversation wasnt really working well. And  Turkey  wasnt the right place. We needed tons of influences to make the idea work. And the product wasnt right either, because we relied on  niche  market place. And in market place, liquidity is the biggest problem, meaning if a user comes to the site, there should be enough courses interesting for them so they will stick. And if you make it live, its even harder to make the liquidity first. So, there were a lot of mistakes and we had to shut it down in Turkey, but me and my co-founder still believe that was kind of a neat idea and it should have existed. So, we moved over to  Silicon Valley, it took me 4 years in the process. And I worked as an engineer, like one of the first employees at a startup called SpeedDate. We did a pretty good job there. Actually the funny thing is, we built SpeedDate from the early code of Udemy. We had a video conferencing tool that we built for our live classrooms, we coordinated a video dating application for SpeedDate. It was a fun experience but we eventually knew that we wanted to try this idea again. And this time, it worked out.Martin: OK. Great!BUSINESS MODEL OF UDEMYMartin: Can you tell us how the current business model of Udemy works?Eren: Sure. So we have around 15,000 instructors, we have published courses on Udemy. They choose their course subject and build a course. Typical courses are like video base and some are interactivities, like quizzes and discussion boards and things like that.But the big difference between the site like Youtube is, its not just small  short-form content. The course I designed, to take you from knowing nothing abou t the subject to a decent level, right. So, and when they start publishing course, they can either publish it for free, I think its free for them. If they want to charge for their course, we take a cut from that. So in that sense, its pretty close to Apples app store model.Martin: So basically its just a revenue share model?Eren: Yes, revenue share model.Martin: Okay, the instructors can free to choose what he wants or is there any fixed fee involved?Eren: Theres no fixed fee. If its a free course, we think its good for the world, so we kind of do our part in it. If its paid, then we start making money.Martin: Can you tell us a little bit more about the demographics and statistics in terms of users?Eren: Yes. We have over 4 million users right now. I think 50% of them are in the  United States, 50% outside the  US. Weve seen a lot of growth in  Germany,  Spain, some of the European countries and even Asian countries, but probably  Germany  is like the second largest non-English mark et, at this point. So, usually our top verticals are development, design and business.Martin: What do you mean by development?Eren: Development means learning how to become a web developer, IPhone applications, mobile applications like game programming, those are usually the most popular subjects. And then there are other technological subjects like softwares, Excel, Office. Business categories are entrepreneurship, marketing, finance. And design categories are always pretty strong. But beside these, there are others like hobbies, like photography and yoga. Those are also big, but usually as I said technology, business and design are the leading categories.In terms of demographics like, right now, there are more male users than female, which is the complete consequence of the development category. So unfortunately, there are still a lot more men, who are  interested in development than women. We also want to contribute in changing it. But thats  the current state.There are categori es that are uniform, non-technical categories are uniformed between men and women. And in terms of  Asia, we see age ranging from 18 to 50 55. There are more of younger users but thats more because they are more younger as in internet. But proportionately its kind of interesting,  some of the  older user are more heavily represented in Udemy community than the rest of the Internet.Martin: Interesting. When you started this type of market place, what has been the major obstacle for creating a lot of inventories, so people who come to your website see your value proposition?Eren: Thats why were straight forward. In any market place, like Udemy, there are 2 types of users. There is an asymmetric market place. The most important problem and probably the only problem that you should really worry about, is the chicken and egg problem. If there are enough courses, why would the students come, and if theres not enough students why would instructors create courses. So this is a huge proble m in the beginning, and I said that kind of converge into competitive advantage as you become larger. Because once theres Udemy, its really hard for the competitor to do this, because all types of instructors would want to create their courses on Udemy. So, as I said theres an obstacle in the beginning that becomes a big advantage as you grow.Martin: How did you take tackle in the first place?Eren: We did a lot of tricks. The number one thing is you have to worry about is liquidity, meaning when you are an instructor can you get him enough users and if there are users can you give them enough courses. So, we tested a lot of things. We tried to do some BD, Business Development, it didnt work out. We try to launch it kind of vertical, that didnt worked out as well either.I think what worked for us was going and doing a lot of unscalable things to make the first video instructor successful.Martin: What does it mean?Eren: Actually, I kind of give you the birth story. So, I was in a brea kfast meeting in one of our investors house. And AirBnB was just getting traction at that point. They were big but they were just getting off the ground.And I was asking these questions to everybody. I would say how did you get the first 100,000 users? How did you solve the initial traction problem? And he kind of.., Brian gave me such a suggestion: do things that dont scale. So meaning, there are things like SEO and advertising are scalable things in getting users. Those tend not to work in the early days of a startup because most of the scalable methodologies were better on scale.As you get more inbound pages and you get inbound links, your SEO goes up and advertising is better. But they dont really work in the beginning. And there are things which are unscalable, which you can not do as a large company but for small service can do those. And those unscalable ways of doing are actually what makes you successful.So what AirBnB was doing was they were going to houses of each host an d taking professional photos of room. They were making the place look really good. And this is completely unscalable, but it was creating a magical experience. So we kind of mimic the same idea. Like I said earlier, when he said those 3 words that immediately clicked for me. We went back and said, you know what lets help the creation of the first few courses.We want to create 3 entrepreneurial courses because we knew people who could teach those. Even that didn’t work out, because it was too much work. Initially without their proof point. So instead, me and my co-founder, Gagan, organized entrepreneurial events. The first one was called Raising Money for Statups.And instead of asking people to create a full course, we brought the subject in 6 pieces, like the first one was getting leads, then doing a pitch tag and then like the last one was closing the round. So you kind of add what  the  Laissez faire  raising  money course would be.And when we invited people, we said Okay, you a re going to talk about this particular subject. So when the event finished, we were able to video-taped everything, edited it and converted it into a course. Actually we start charging for it. It was 30 dollars. Even with the first course, we got a lot of sales from it because it was a pretty good course. It was the first time where people uses or get practical advice about raising money. Not like high level follow your passion bullshit. It was like, this is exactly the email you sent, this is the type interview you get, this is when you email them back. This was very tactical. So the tactical aspect really worked out.It was 2 more of those events, we get the first 3 paid courses. Before, I was kind of passive about that, we were also crawling all the open courses from universities and we were publishing it on Udemy with their permission, that helped us get some traction but they were all free courses. It was still not proofing financial model here. So the first 3 courses we made we re proofing the fact that there was this one person in the world who could buy them. And they were actually like almost 1,000 people who bought that courses.Martin: Did you just wanted to check whether there was some kind of willingness to pay for such a course?Eren: Yes.Martin: Okay, and this was the major force why you decided not to put it for free but want to charge?Eren: Yes, I remember there was an email discussion with our investors, and got their opinions. There was a big debate whether course should be free or paid. My visual was that, although a lot of entrepreneurial talks like this are free, theyre usually motivational, theyre not tactical.When I go to a conference and give free talk, I dont talk about, like this is like how we do. Its just motivational, the most strategic maybe. But the tactical piece was missing and if we charge 30 dollars for it, and if it makes 0.1% easier to raise money, its definitely worth it. And we tell them that we would like to see whether peo ple would pay for it. I said people would pay and they were super happy with it. Nobody thought that 30 dollars was too much for it. So, we launched 3 of those courses in entrepreneurial subjects and then we found  some newsletters which has relevant traffic to Udemy. So we started promoting those courses from these newsletters. And people who signed up to this newsletters really like the courses. And then, what we did next was, we went to some other instructors who werent affiliated with us and we said, would you create a course. We have all this distribution of newsletters signed up to promote your course. They said yes, why not try it. They promoted their courses in the newsletters and we went to more newsletters and said, you know what, we do this course, would you mind to promote and get their share? They said yes and we kind of, similarly we jumped back and forth between the supply and demand. As I said, the key things like liquidity and making your early customers happy, righ t. We made them really happy by actually do a lot of distribution work for the instructors and a lot of content work for potential distribution channels. So we were like being their technological platform between the distribution channels and the supply side, the content creators. At one point, we had enough users accumulate on Udemy that we didnt rely on external distributions anymore. So many people create their courses, we had enough users on Udemy so that their course would be successful.Martin: At what point did you recognize that youve reached that critical mass?Eren: The critical mass is not just one single number. So, similarly as a market place, you go up in phases. The first phase is  you do whatever possible to get the first few customers and first people on the supply side happier, right.And then, over time, like at that point, you kind of switch into kind of more a scaled approach to getting instructors and the scale that meaning that, it was not like me and my co-found er meeting with each instructor in their house to convince them. Instead, we had people, like business people who are reaching out to instructors to kind of convince them to teach courses. So it was kind of like sales model of reaching out to actively instructors.And in the user side, we start things slightly more scalable and slightly more scalable thing. Like maybe some SEO  worked out and we had more partners, we had like an affiliate network and we had a growing organic traffic that was the largest traffic driver.And then over time, that changed also, because right now theres so many people come to Udemy to teach a course. I think every month, 10,000 people start creating courses. Not all of them do it, but a lot of people are willing. So we dont have to do outreach anymore.We have a large content team whose job is just helping the instructors that already coming. We don’t reach out to people anymore, except for strategic courses. As I said, now is a different phase and overti me, even that phase has changed. Now, honestly the only thing that the content team can do is barely: they do work and create new verticals, and they do more highly work in managing verticals and working at the course thats scalable and article variable like data science  team analysis, like  which course are doing better job and which courses are doing worse job.So, that has come to a new phase, were data driven and big data and even more scientific. As I said, its phases, its just as you grow, you start changing how you do stuff.CORPORATE STRATEGYMartin: Lets talk briefly about the corporate strategy of Udemy. I totally understand that once we have this scalable mass that you create a competitive advantage. If you put it into a single company perspective, how do you perceive having other competitors like Coursera, etc.? Whats your competitive advantage over them and what makes you be able to build up on that?Eren: Thats a good question. I mean there are a lot of competitors. Ther e are primary competitors which mean there are other market places for teaching. Right now we are the largest, we are leading that one, so were not too worried there. But then, there are publishing companies, companies which produce content and sell it.So in users side, they might be considered as competitors. And then there are companies like Coursera, which we are not really competing with in the market. I think its just our psychological competitors. We are more like friends with them, so we kind meet each other and help each other if possible. Those are really different. Coursera for example, they are focused on higher education. There are companies which are really focused completely on K-12 kind of academics. K12 international academy is focused on  K-12. And Udemys focus has always been skill based adult training. So its not K-12 or higher education, its like after that. We believe that learning has to be lifelong. And our courses are usually more tactical,  you learn how to build an IPhone application, you dont learn the computer science fundamentals as much. Although we have courses  around it, but thats not our strong suit. Our strong suit is,  Im going to learn something very practical and Im going do something with it.So that has been large enough differentiator,  just some notes that we start a lot early than those other companies. I think we could say, we kind of, we start this online course market. So there were companies before us doing some sort of learning but constructive online course that anybody can take, like we were the company that initiated that move, and hopefully we have some help in the popularizing concept like MOOCs. Coursera just came  around 2 years after us. And when they launched, we already have our model which was working. I think they look at our model and kind of, look higher education could do the same thing.Martin: You beautifully described the different phases of a company. What would be the next phase of Udemy?Eren: I think the next phase is right now, we solved the problem of creating an ecosystem about casual learning. We have done that. As instructors are making enough money to live their lives, we signed about 6,000 checks every months, like 6,000 people are making money from us every month. And some of them are making millions of dollars. And for some of them its like passive income.But I think the most important that weve created is the job. Teaching online is formidable job right now. So the next phase is taking on demand learning from where it is right now to its next level. So Udemy is and should  always be the frontier of learning online, especially on demands.Because you can also do 1-on-1 live classes, thats a different world. Skills on demand learning is our focus and we are awaiting a new phase to do this and we are building a lot of science about what makes a course better. So we obsessively analyze action that users are doing during the courses and now we can actually we have t housand of courses, so we have that unique position where we can crawl what aspect of the course make it stick better.Martin: I would call it educational analytics.Eren: Yes, more like educational analytics,  but people call it big data education. But  then you see, that a lot of assumption people make about education is incorrect. Even like assumption made by professors who have been doing this for a long time or educational scientists, they have  a lot of small studies, observations, now we have real data. And we see a lot of them are incorrect, and you see it in a lot of large scale across verticals. Its not like one vertical, we can see like this learning theory can I apply it in this vertical but not that vertical. We are in the position, I want Udemy to become a company which is pushing the boundaries in on demand learning. This is the main thing and other stuff is opening up internationally, so we opened our first  Europe  office.Martin: Where?Eren: In  Dublin, I really want  Berlin. I went to  Berlin  a year ago, its a great city. I really love that. Hopefully, we have an office there too at some point, but the first is in  Dublin  for more practical reasons. Europe market is very important and so we start opening up to South America, Europe,  East Asia.And the other thing is actually making the model work in some other niche verticals. We are pretty strong in the top 3 4 verticals but I would expect musicalcourse would be very successful in Udemy. So we already have somebody, its not like as strong as we wanted. Like maybe hobby courses and some other sophistication base courses. Theres always new vertical that we wanted to have, build liquidity at.Martin: Sure.MARKET DEVELOPMENTMartin: In terms of market development, how do you perceived the offline education versus the online education, and even maybe a specific sub segments in between?Eren: If you look at the education market or the world virtually first divided by age group. Theres K-12 was a se parate base, right. Second its about learning release, like education means something different for them. And theres higher education, college, maybe grad degrees, and theres lifelong learning.And lifelong learning can happen at home, youre learning for yourself, it could be at work, or it could be in some kind of institution. If you look at them, for each of the verticals theres an offline element to it, and theres an online element to it. So in K-12 for example, still dominantly offline. Theres some online movement but its very small in proportion.Lifelong learning actually is the  part where online gets a much larger chunk. Thats why we actually focus on that. And higher education is kind of small slowly transitioning, its a slow transition, its not going to happen overnight. For us, with  lifelong learning, like offline, theres some offline component, you could go to a certification program in a place, or you could  take a high end boot camp. Those tend to be really expensive and limited to a very small local.We are happy to admit that might be a better experience, so I dont claim that learning online is better than in person, because if you can find a top Stanford professor, or like an amazing person to sit next to you and give you a course directly to you, it might be better if you can access that. But its going to be 100 times more expensive than an online course. And youll be kind of limited by the time and location, so to me that education is for elite group of people in the world.And for everybody else, thats not a solution, thats why we started Udemy. So, I think on demand  and offline are sometimes used in conjunction together to a hybrid learning. But for majority of people in the world, I think online education is the only viable way to get them up to speed with the skill that they need for jobs or even hobbies. I think online is the only viable way to do that.Martin: In terms of certification of a specific skill, do you think that having this kind of certification later on in the future or do you really think its just about showing people who you have the skills?Eren: This is the point where I and the rest of the market is in disagreement. A lot of companies are trying to get certification up, maybe try to raise the money, all the inventors were saying, why dont you use certification, I would only invest if theres a degree or diploma behind this.I kept saying no, does not make sense. Because people look at universities and theyre just trying to move that model while you go to the university, theres some learning there, theres a certification that you have diploma. It does work in a small constraint environment, but when you go to internet, things changed. You cant move things from physical world and just digitized it.So, in world of  internet, you can access a lot more people. Accessing a lot more people also make it harder to make a reputable certification. Because Stanford or Harvard has a pretty strong brand in thei r certification, if Harvard has 5 million students, they wouldnt be nearly as good brand. So the value of the brand of your certification and the number of people who are able to get it, they are inversely correlated. So thats why, I think if you want to help hundreds of millions of people, you cant at the same time try to create that high, strong brand in your certification.So I thought, in the world of open digital education, these 2 things should be separated. There should be companies like Udemy, whose job is only to help you learn your subject because you want to learn it for something. I dont care for what, but you want to learn a subject. I think our company or other organization which feel whose job is going to be certifying that you are good at a particular skill, assessing your skill. I think trying to merge them together, will  really break the experience, it makes both parts function worst.So from that, I believe we should separate, so we never get into that. We do like course completion certificate, like light weight badge, but were not trying to make it completely a diploma. So we never thought this is critical.What we do    more often is a real life certification, which is  accepted in the market like Cisco network administration certificate, or Adobe design certificate, or Microsoft Office certificate. So we try to get, we have a lot of courses that we are preparing for those existing certifications. So people can go and take a course in Udemy to prepare themselves and they go to Cisco to get the network certificate. And Cisco network certificate will always be more valuable than a certificate that we made up.ADVICE TO ENTREPRENEURS FROM EREN BALI In San Francisco, we meet co-founder and Chairman of udemy, Eren Bali. He shares his story how he co-founded this startup and how the current business model works (supply and demand side), as well as what the current plans for near future, and some advice for young entrepreneurs.The transcript of the interview is included below.INTRODUCTIONMartin: Hi, today we are in  San Francisco  with Udemy. Eren, who are you and what do you do?Eren: Hi, my name is Eren Bali and Im the co-founder, chairman and former CEO of Udemy. We are a market place for online courses. We have thousands of instructors around the world who are really passionate about their subjects and they are so skilled so they come to Udemy to create courses and share it with the rest of the world.Martin: Great!Martin: And, what did you do before you started Udemy?Eren: I think while I was in college, I already knew I wanted to be an entrepreneur. So there wasnt a lot of other things. I was in college, I went to school in  Tu rkey, I grew up in  Turkey. I went to college there to study computer science and mathematics. And in the last year of the college, we started our first company with my co-founder, whos still with me on Udemy.Initially, we were doing some other projects. We had created a 3D simulation for constructions. It was how we started. But I always wanted to work in education, so we built a company that were close, similar to Udemy in terms of supervision in Turkey, almost 8 years ago. So we launched it, but we realized that wasnt the right time and the right place.It wasnt the right time because all this different section wasnt ready, bandwidth was expensive and audio conversation wasnt really working well. And  Turkey  wasnt the right place. We needed tons of influences to make the idea work. And the product wasnt right either, because we relied on  niche  market place. And in market place, liquidity is the biggest problem, meaning if a user comes to the site, there should be enough courses interesting for them so they will stick. And if you make it live, its even harder to make the liquidity first. So, there were a lot of mistakes and we had to shut it down in Turkey, but me and my co-founder still believe that was kind of a neat idea and it should have existed. So, we moved over to  Silicon Valley, it took me 4 years in the process. And I worked as an engineer, like one of the first employees at a startup called SpeedDate. We did a pretty good job there. Actually the funny thing is, we built SpeedDate from the early code of Udemy. We had a video conferencing tool that we built for our live classrooms, we coordinated a video dating application for SpeedDate. It was a fun experience but we eventually knew that we wanted to try this idea again. And this time, it worked out.Martin: OK. Great!BUSINESS MODEL OF UDEMYMartin: Can you tell us how the current business model of Udemy works?Eren: Sure. So we have around 15,000 instructors, we have published courses on Udemy. Th ey choose their course subject and build a course. Typical courses are like video base and some are interactivities, like quizzes and discussion boards and things like that.But the big difference between the site like Youtube is, its not just small  short-form content. The course I designed, to take you from knowing nothing about the subject to a decent level, right. So, and when they start publishing course, they can either publish it for free, I think its free for them. If they want to charge for their course, we take a cut from that. So in that sense, its pretty close to Apples app store model.Martin: So basically its just a revenue share model?Eren: Yes, revenue share model.Martin: Okay, the instructors can free to choose what he wants or is there any fixed fee involved?Eren: Theres no fixed fee. If its a free course, we think its good for the world, so we kind of do our part in it. If its paid, then we start making money.Martin: Can you tell us a little bit more about the demog raphics and statistics in terms of users?Eren: Yes. We have over 4 million users right now. I think 50% of them are in the  United States, 50% outside the  US. Weve seen a lot of growth in  Germany,  Spain, some of the European countries and even Asian countries, but probably  Germany  is like the second largest non-English market, at this point. So, usually our top verticals are development, design and business.Martin: What do you mean by development?Eren: Development means learning how to become a web developer, IPhone applications, mobile applications like game programming, those are usually the most popular subjects. And then there are other technological subjects like softwares, Excel, Office. Business categories are entrepreneurship, marketing, finance. And design categories are always pretty strong. But beside these, there are others like hobbies, like photography and yoga. Those are also big, but usually as I said technology, business and design are the leading categories.In terms of demographics like, right now, there are more male users than female, which is the complete consequence of the development category. So unfortunately, there are still a lot more men, who are  interested in development than women. We also want to contribute in changing it. But thats  the current state.There are categories that are uniform, non-technical categories are uniformed between men and women. And in terms of  Asia, we see age ranging from 18 to 50 55. There are more of younger users but thats more because they are more younger as in internet. But proportionately its kind of interesting,  some of the  older user are more heavily represented in Udemy community than the rest of the Internet.Martin: Interesting. When you started this type of market place, what has been the major obstacle for creating a lot of inventories, so people who come to your website see your value proposition?Eren: Thats why were straight forward. In any market place, like Udemy, there are 2 ty pes of users. There is an asymmetric market place. The most important problem and probably the only problem that you should really worry about, is the chicken and egg problem. If there are enough courses, why would the students come, and if theres not enough students why would instructors create courses. So this is a huge problem in the beginning, and I said that kind of converge into competitive advantage as you become larger. Because once theres Udemy, its really hard for the competitor to do this, because all types of instructors would want to create their courses on Udemy. So, as I said theres an obstacle in the beginning that becomes a big advantage as you grow.Martin: How did you take tackle in the first place?Eren: We did a lot of tricks. The number one thing is you have to worry about is liquidity, meaning when you are an instructor can you get him enough users and if there are users can you give them enough courses. So, we tested a lot of things. We tried to do some BD, Bus iness Development, it didnt work out. We try to launch it kind of vertical, that didnt worked out as well either.I think what worked for us was going and doing a lot of unscalable things to make the first video instructor successful.Martin: What does it mean?Eren: Actually, I kind of give you the birth story. So, I was in a breakfast meeting in one of our investors house. And AirBnB was just getting traction at that point. They were big but they were just getting off the ground.And I was asking these questions to everybody. I would say how did you get the first 100,000 users? How did you solve the initial traction problem? And he kind of.., Brian gave me such a suggestion: do things that dont scale. So meaning, there are things like SEO and advertising are scalable things in getting users. Those tend not to work in the early days of a startup because most of the scalable methodologies were better on scale.As you get more inbound pages and you get inbound links, your SEO goes up and advertising is better. But they dont really work in the beginning. And there are things which are unscalable, which you can not do as a large company but for small service can do those. And those unscalable ways of doing are actually what makes you successful.So what AirBnB was doing was they were going to houses of each host and taking professional photos of room. They were making the place look really good. And this is completely unscalable, but it was creating a magical experience. So we kind of mimic the same idea. Like I said earlier, when he said those 3 words that immediately clicked for me. We went back and said, you know what lets help the creation of the first few courses.We want to create 3 entrepreneurial courses because we knew people who could teach those. Even that didn’t work out, because it was too much work. Initially without their proof point. So instead, me and my co-founder, Gagan, organized entrepreneurial events. The first one was called Raising Money for St atups.And instead of asking people to create a full course, we brought the subject in 6 pieces, like the first one was getting leads, then doing a pitch tag and then like the last one was closing the round. So you kind of add what  the  Laissez faire  raising  money course would be.And when we invited people, we said Okay, you are going to talk about this particular subject. So when the event finished, we were able to video-taped everything, edited it and converted it into a course. Actually we start charging for it. It was 30 dollars. Even with the first course, we got a lot of sales from it because it was a pretty good course. It was the first time where people uses or get practical advice about raising money. Not like high level follow your passion bullshit. It was like, this is exactly the email you sent, this is the type interview you get, this is when you email them back. This was very tactical. So the tactical aspect really worked out.It was 2 more of those events, we get the first 3 paid courses. Before, I was kind of passive about that, we were also crawling all the open courses from universities and we were publishing it on Udemy with their permission, that helped us get some traction but they were all free courses. It was still not proofing financial model here. So the first 3 courses we made were proofing the fact that there was this one person in the world who could buy them. And they were actually like almost 1,000 people who bought that courses.Martin: Did you just wanted to check whether there was some kind of willingness to pay for such a course?Eren: Yes.Martin: Okay, and this was the major force why you decided not to put it for free but want to charge?Eren: Yes, I remember there was an email discussion with our investors, and got their opinions. There was a big debate whether course should be free or paid. My visual was that, although a lot of entrepreneurial talks like this are free, theyre usually motivational, theyre not tactical.When I go to a conference and give free talk, I dont talk about, like this is like how we do. Its just motivational, the most strategic maybe. But the tactical piece was missing and if we charge 30 dollars for it, and if it makes 0.1% easier to raise money, its definitely worth it. And we tell them that we would like to see whether people would pay for it. I said people would pay and they were super happy with it. Nobody thought that 30 dollars was too much for it. So, we launched 3 of those courses in entrepreneurial subjects and then we found  some newsletters which has relevant traffic to Udemy. So we started promoting those courses from these newsletters. And people who signed up to this newsletters really like the courses. And then, what we did next was, we went to some other instructors who werent affiliated with us and we said, would you create a course. We have all this distribution of newsletters signed up to promote your course. They said yes, why not try it. They promoted their courses in the newsletters and we went to more newsletters and said, you know what, we do this course, would you mind to promote and get their share? They said yes and we kind of, similarly we jumped back and forth between the supply and demand. As I said, the key things like liquidity and making your early customers happy, right. We made them really happy by actually do a lot of distribution work for the instructors and a lot of content work for potential distribution channels. So we were like being their technological platform between the distribution channels and the supply side, the content creators. At one point, we had enough users accumulate on Udemy that we didnt rely on external distributions anymore. So many people create their courses, we had enough users on Udemy so that their course would be successful.Martin: At what point did you recognize that youve reached that critical mass?Eren: The critical mass is not just one single number. So, similarly as a market place, you go up in phases. The first phase is  you do whatever possible to get the first few customers and first people on the supply side happier, right.And then, over time, like at that point, you kind of switch into kind of more a scaled approach to getting instructors and the scale that meaning that, it was not like me and my co-founder meeting with each instructor in their house to convince them. Instead, we had people, like business people who are reaching out to instructors to kind of convince them to teach courses. So it was kind of like sales model of reaching out to actively instructors.And in the user side, we start things slightly more scalable and slightly more scalable thing. Like maybe some SEO  worked out and we had more partners, we had like an affiliate network and we had a growing organic traffic that was the largest traffic driver.And then over time, that changed also, because right now theres so many people come to Udemy to teach a course. I think every month, 10,000 peop le start creating courses. Not all of them do it, but a lot of people are willing. So we dont have to do outreach anymore.We have a large content team whose job is just helping the instructors that already coming. We don’t reach out to people anymore, except for strategic courses. As I said, now is a different phase and overtime, even that phase has changed. Now, honestly the only thing that the content team can do is barely: they do work and create new verticals, and they do more highly work in managing verticals and working at the course thats scalable and article variable like data science  team analysis, like  which course are doing better job and which courses are doing worse job.So, that has come to a new phase, were data driven and big data and even more scientific. As I said, its phases, its just as you grow, you start changing how you do stuff.CORPORATE STRATEGYMartin: Lets talk briefly about the corporate strategy of Udemy. I totally understand that once we have this sc alable mass that you create a competitive advantage. If you put it into a single company perspective, how do you perceive having other competitors like Coursera, etc.? Whats your competitive advantage over them and what makes you be able to build up on that?Eren: Thats a good question. I mean there are a lot of competitors. There are primary competitors which mean there are other market places for teaching. Right now we are the largest, we are leading that one, so were not too worried there. But then, there are publishing companies, companies which produce content and sell it.So in users side, they might be considered as competitors. And then there are companies like Coursera, which we are not really competing with in the market. I think its just our psychological competitors. We are more like friends with them, so we kind meet each other and help each other if possible. Those are really different. Coursera for example, they are focused on higher education. There are companies which are really focused completely on K-12 kind of academics. K12 international academy is focused on  K-12. And Udemys focus has always been skill based adult training. So its not K-12 or higher education, its like after that. We believe that learning has to be lifelong. And our courses are usually more tactical,  you learn how to build an IPhone application, you dont learn the computer science fundamentals as much. Although we have courses  around it, but thats not our strong suit. Our strong suit is,  Im going to learn something very practical and Im going do something with it.So that has been large enough differentiator,  just some notes that we start a lot early than those other companies. I think we could say, we kind of, we start this online course market. So there were companies before us doing some sort of learning but constructive online course that anybody can take, like we were the company that initiated that move, and hopefully we have some help in the popularizing concept like MOOCs. Coursera just came  around 2 years after us. And when they launched, we already have our model which was working. I think they look at our model and kind of, look higher education could do the same thing.Martin: You beautifully described the different phases of a company. What would be the next phase of Udemy?Eren: I think the next phase is right now, we solved the problem of creating an ecosystem about casual learning. We have done that. As instructors are making enough money to live their lives, we signed about 6,000 checks every months, like 6,000 people are making money from us every month. And some of them are making millions of dollars. And for some of them its like passive income.But I think the most important that weve created is the job. Teaching online is formidable job right now. So the next phase is taking on demand learning from where it is right now to its next level. So Udemy is and should  always be the frontier of learning online, especially on demands .Because you can also do 1-on-1 live classes, thats a different world. Skills on demand learning is our focus and we are awaiting a new phase to do this and we are building a lot of science about what makes a course better. So we obsessively analyze action that users are doing during the courses and now we can actually we have thousand of courses, so we have that unique position where we can crawl what aspect of the course make it stick better.Martin: I would call it educational analytics.Eren: Yes, more like educational analytics,  but people call it big data education. But  then you see, that a lot of assumption people make about education is incorrect. Even like assumption made by professors who have been doing this for a long time or educational scientists, they have  a lot of small studies, observations, now we have real data. And we see a lot of them are incorrect, and you see it in a lot of large scale across verticals. Its not like one vertical, we can see like this learnin g theory can I apply it in this vertical but not that vertical. We are in the position, I want Udemy to become a company which is pushing the boundaries in on demand learning. This is the main thing and other stuff is opening up internationally, so we opened our first  Europe  office.Martin: Where?Eren: In  Dublin, I really want  Berlin. I went to  Berlin  a year ago, its a great city. I really love that. Hopefully, we have an office there too at some point, but the first is in  Dublin  for more practical reasons. Europe market is very important and so we start opening up to South America, Europe,  East Asia.And the other thing is actually making the model work in some other niche verticals. We are pretty strong in the top 3 4 verticals but I would expect musicalcourse would be very successful in Udemy. So we already have somebody, its not like as strong as we wanted. Like maybe hobby courses and some other sophistication base courses. Theres always new vertical that we wanted to h ave, build liquidity at.Martin: Sure.MARKET DEVELOPMENTMartin: In terms of market development, how do you perceived the offline education versus the online education, and even maybe a specific sub segments in between?Eren: If you look at the education market or the world virtually first divided by age group. Theres K-12 was a separate base, right. Second its about learning release, like education means something different for them. And theres higher education, college, maybe grad degrees, and theres lifelong learning.And lifelong learning can happen at home, youre learning for yourself, it could be at work, or it could be in some kind of institution. If you look at them, for each of the verticals theres an offline element to it, and theres an online element to it. So in K-12 for example, still dominantly offline. Theres some online movement but its very small in proportion.Lifelong learning actually is the  part where online gets a much larger chunk. Thats why we actually focus on that. And higher education is kind of small slowly transitioning, its a slow transition, its not going to happen overnight. For us, with  lifelong learning, like offline, theres some offline component, you could go to a certification program in a place, or you could  take a high end boot camp. Those tend to be really expensive and limited to a very small local.We are happy to admit that might be a better experience, so I dont claim that learning online is better than in person, because if you can find a top Stanford professor, or like an amazing person to sit next to you and give you a course directly to you, it might be better if you can access that. But its going to be 100 times more expensive than an online course. And youll be kind of limited by the time and location, so to me that education is for elite group of people in the world.And for everybody else, thats not a solution, thats why we started Udemy. So, I think on demand  and offline are sometimes used in conjunction tog ether to a hybrid learning. But for majority of people in the world, I think online education is the only viable way to get them up to speed with the skill that they need for jobs or even hobbies. I think online is the only viable way to do that.Martin: In terms of certification of a specific skill, do you think that having this kind of certification later on in the future or do you really think its just about showing people who you have the skills?Eren: This is the point where I and the rest of the market is in disagreement. A lot of companies are trying to get certification up, maybe try to raise the money, all the inventors were saying, why dont you use certification, I would only invest if theres a degree or diploma behind this.I kept saying no, does not make sense. Because people look at universities and theyre just trying to move that model while you go to the university, theres some learning there, theres a certification that you have diploma. It does work in a small constrai nt environment, but when you go to internet, things changed. You cant move things from physical world and just digitized it.So, in world of  internet, you can access a lot more people. Accessing a lot more people also make it harder to make a reputable certification. Because Stanford or Harvard has a pretty strong brand in their certification, if Harvard has 5 million students, they wouldnt be nearly as good brand. So the value of the brand of your certification and the number of people who are able to get it, they are inversely correlated. So thats why, I think if you want to help hundreds of millions of people, you cant at the same time try to create that high, strong brand in your certification.So I thought, in the world of open digital education, these 2 things should be separated. There should be companies like Udemy, whose job is only to help you learn your subject because you want to learn it for something. I dont care for what, but you want to learn a subject. I think our c ompany or other organization which feel whose job is going to be certifying that you are good at a particular skill, assessing your skill. I think trying to merge them together, will  really break the experience, it makes both parts function worst.So from that, I believe we should separate, so we never get into that. We do like course completion certificate, like light weight badge, but were not trying to make it completely a diploma. So we never thought this is critical.What we do    more often is a real life certification, which is  accepted in the market like Cisco network administration certificate, or Adobe design certificate, or Microsoft Office certificate. So we try to get, we have a lot of courses that we are preparing for those existing certifications. So people can go and take a course in Udemy to prepare themselves and they go to Cisco to get the network certificate. And Cisco network certificate will always be more valuable than a certificate that we made up.ADVICE TO E NTREPRENEURS FROM EREN BALIMartin: Lets talk about what type of advice, you can share with entrepreneurs or what type of lesson you learned. I mean in one of your startups you failed, then you work in another startup and now youre quite successful with Udemy. What are the major learning that you can share with our readers?Eren: Sure. Therere a lot. So I start what  comes to my mind first.First of all, when you build a startup, you can look at how things currently work or how other people do things. And you can just assume the world is in a certain way because it is. Thats  the wrong way. Because as an entrepreneur, you have to forget how currently the world works and say how should it work or could this work. Because there are thousands of reasons why Udemy wouldnt work. That what some investors brought up to us, and they said that they passed on us, they say this is never going to work. Because most of those reasons they were coming up with, were just how things are currently were happening. But if you kind of forget about them and you say that there are millions of people and there are also millions of experts in the world and billions of people who love to learn from them. Why wouldnt this exist?  Just starting the first principle and kind of ignoring how things are currently happening, is really important.The second part is that you need a laser focus in execution. Pretty often people try to do a lot of different things. I mean, testing a lot of things is Okay, but you have to be laser focus on what you execute. For example, for us in the beginning, we said that we need to figure out the early traction problem. We have to solve the chicken-and-egg problem. Everything we were doing was to solve that problem. And once we grow older, there was a scale problem and quality problem. So we always were very focus on what the problem we were solving. You said be focused is like a dummy advice, because people think they have to do less things, sometimes you do more things but your purpose has to be extremely clear. Thats the focus you have to be very clear.Martin: And did you already think, like when you wanted to create this kind of product market fit, in terms of what are the scaling problem or quality problems, or did you just take one problem at a time?Eren: Especially when young, we try to take, just tackle a problem at a time. Because I can admit in the first year, therere for the courses we had the quality wasnt very high. Because we were just barely trying to make the course successful, so we had to have a low barrier, but as we grew we start increasing the barrier and started really focusing in the quality. So you cant just try to  achieve  everything at the same time. That kind of change per company.If youre building a  utility tool  for example, building a network and  utility tool  are very different. If youre building a  utility tool, you have to be laser focus on the experience of users from day one. You should think, are my fir st 10 users extremely happy about this. But if youre building a network business, then the way to make your users happy is usually rely on getting the other part of the market so then you have to build a separate model. So the model changes but you kind of have a real purpose of what youre trying to achieve and try to achieve one and two things at a time.Martin: What else that you learn?Eren: I mean like so much. I think we should start with things which more like  counterintuitive side Ive learned. Because I think a lot of standard advice you hear everywhere.For example, in terms of product success, especially if you are coming from an engineer background, youre usually convinced as important are hard. Like things which are hard just seem to be important to you, because theyre hard and youre an engineer and you think because you solved it youll be having success. That might be true for school but its really untrue for business. What is really valuable and important could be somethi ng simple to you, you just need to consistently do it. For example, for us, the live education component was a lot technically harder and cooler for them because its a sexy product. We even have raised money for what its worth, but it wasnt really bringing much value for users. Were on demand, kind of crude video courses actually being valuable, and I think people were ignoring the importance of this, because it wasnt a new technological achievement.It was easier to do. And it wasnt a success for other people because they werent consistent in doing this on a lot of subjects. I still see this, people who want to get into education, they wanted to do something big and they always have cruel ideas about how to teach something. They just ignore certain things because theyre straight forward. I think the value you can provide is not like crazy, weird ideas. Its consistently doing something good and iterating step by step.Martin: Okay. Great. Do you want to share any further?Eren: Not muc h, but if youre more for  Germany, I would say,  Germany  is one of my favorite markets. I think we have a unique position to observe the learning skill of doing learning courses in different countries. We see that a lot of people are real passionate about learning and their engagement are really high for a lot of German users. So if this kind of clear that people in  Germany,  they really care about bettering themselves and learning new things. And theres a lot less age fragmentation which is also very cool to see. So were pretty happy with the demographic that we are getting from there, so well definitely double count  on  Germany  as a country.Martin: Great! Eren, thank you very much and if you want to start your own company and learn how to code, maybe look at Udemy.

7 Reasons Why Teaching is Challenging and Hard

Teaching is one of the most rewarding professions in that it gives you an opportunity to make an impact on a future generation.  It is also extremely difficult and draining—no one with actual teaching experience would tell you otherwise. Being a teacher takes patience, dedication, passion, and the ability to do more with less. It is a treacherous journey often filled with just as many valleys as there are mountains.  Those committed to the profession do so simply because they want to be difference makers.  The following seven factors are some broader issues that make teaching challenging and hard. Disruptive Environment Disruptions occur in many external and internal forms.  Students and teachers have lives outside the walls of the school. Situations commonly occur that serve as a distraction.  These external obstacles are often difficult and sometimes nearly impossible to ignore and overcome.  Internally, issues such as student discipline problems, student assemblies, extra-curricular activities, and even announcements interrupt the flow of the school day.   These are only some of the many issues that serve as a disruption for teachers and students. The fact is that any disruption will take away valuable instructional time and negatively impact student learning in some form.  Teachers must be adept at handling disruptions quickly and getting their students back on task as soon as possible. Expectations In Flux The rules of teaching are constantly changing.  In some aspects, this is good while occasionally it may also be bad.  Teaching is not immune to fads.  The next great thing will be introduced tomorrow and obsolete by weeks’ end.  It is an ever revolving door for teachers.  When things are always changing, you leave very little room for any stability. This lack of stability creates nervousness, uncertainty, and an assurance that our students are being cheated in some aspect of their education.  Education requires stability to maximize effectiveness. Our teachers and our students would benefit from it greatly.  Sadly, we live in a time of flux. Teachers must find a way to bring some stability to the classroom to give their students an opportunity to be successful. Finding Balance There is a perception that teachers only work from 8-3 each day.  This is the time they actually spend with their students. Any teacher will tell you that this only represents a portion of what is required of them.  Teachers often arrive early and stay late. They must grade and record papers, collaborate with other teachers, plan and prepare for the next day’s activities or lessons, attend faculty or committee meetings, clean and organize their classrooms, and communicate with family members. Many teachers continue to work on these things even after they go home.  It can be difficult to find a balance between their personal life and their professional life. Great teachers invest a tremendous amount of time outside of the time spent with their students. They understand that all these things have a significant impact on student learning. However, teachers must commit to stepping away from their teaching responsibilities from time to time so that their personal life does not suffer in some aspect. Individuality of Students Every student is different. They have their own unique personalities, interests, abilities, and needs. Gauging these differences can be extremely difficult.  In the past, teachers have taught to the middle of their class. This practice did a disservice to those students with higher and lower abilities.  Most teachers now find a way to differentiate and accommodate every student according to their own individual needs. Doing so benefits the students, but it comes at a price for the teacher.  It is a difficult and time-consuming task.  Teachers must be adept at utilizing data and observations, finding the appropriate resources, and meeting every student where they are. Lack of Resources School funding impacts students learning in several areas. Underfunded schools have overcrowded classrooms and outdated technology and textbooks.  They are understaffed with many administrators and teachers taking on dual roles to save money.  Programs that may benefit students, but are not required are the first to be cut.  Students lose out on opportunities when schools are underfunded. Teachers must become adept at doing more with less. Most teachers unselfishly spend hundreds of dollars out of their own pockets to purchase supplies and materials for their classrooms.  A teacher’s effectiveness cannot help but be limited when they are not afforded the necessary resources to do their job effectively. Time Is Limited A teacher’s time is precious.  As alluded to above, there is a difference between the time we spend with the students and the time we spend preparing for our students. Neither is sufficient.  Teachers must maximize the time they have with their students.  Every minute with them should matter.  One of the hardest aspects of teaching is that you only have them for a short period of time to prepare them for the next level.  You do the best you can when you have them, but in the scope of things, you have only a small amount to give them what they need.  No teacher feels like they ever have enough time to accomplish everything that they needed or wanted to. Varying Levels of Parental Involvement Parental involvement is one of the greatest indicators of academic success for students. Those students whose parents teach their children from an early age that learning is valuable and stay involved throughout school give their children a greater opportunity to be successful.  Most parents want what is best for their children, but they may not know how to be involved with their child’s education. This is another obstacle that teachers must hurdle.  Teachers must take an active role in giving parents the opportunity to be involved. They must be direct with parents and engage them in discussions about the role they play in their child’s education.  Furthermore, they must give them the opportunity to be involved on a regular basis.

Communicating With Teachers For Students With Adhd

Communicating with Teachers for Students with ADHD Communication is extremely important every single day in one’s life. Dunne defines communication as â€Å"the process by which information, meanings and feelings are shared by persons through the exchange of verbal and non-verbal messages (p. 57).† It is particularly important to be clear and accurate in our communications in order to be effective in everything we do. For teachers it is important to have precise and effective communication skills when interacting with colleagues, parents, and students. It is vitally important to have communication skills that are clear, concise, and comprehensive, when interacting with and discussing students that have any developmental issues or concerns such as ADHD. Recent research has been focusing on the need for more consistent and effective communications between teachers, parents, and students with ADHD in order for these children to acquire the deepest level of education possible so that they are able to be as successful as pos sible once they leave the formal schooling setting. Literature Review One of the many different types of developmental disabilities that a student can be diagnosed is ADHD. In Jun (2009, p.2003) â€Å"attention-deficit/hyperactivity disorder (ADHD) is a genuine neurobiological disorder that results in functional impairment of daily activities due to hyperactivity and inattention.† It is exceptionally important for concise communication between the teacher andShow MoreRelatedAutism Spectrum Disorders And Attention Deficit / Hyperactivity Disorder1235 Words   |  5 Pagesand Attention Deficit/Hyperactivity Disorder. Characteristics for students ASD include but are not limited to, not making eye contact, overall difficulty communicating with teachers and peers,and make honest, but inappropriate observations. Their speech may be abnormal, as in they may speak really low or with a high pitch. They repeat words or phrases several times and may use short uncompleted sentences. Behavioral wise, students with ASD can be obsessed with objects, may perseverate on one activityRead MoreEssay about Students With ADD/ADHD and Class Placement1218 Words   |  5 PagesContemporary students with learning-disabilities such as ADD/ADHD are continuously perceived as incompetent to adapt in an ordinary classroom setting with other students without learning-disabilities. Consequently, many students with learning disabilities are placed in classrooms that are designated only for students with learning disabilities. 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Symbol Essay on King Lear Free Essays

Often in literature, symbolism is used to represent ideas or meanings in a metaphorical sense. However, in Shakespeare’s play, King Lear, the symbolism of blindness is used both in a metaphorical and literal way. This symbolism can first be seen in the metaphorical blindness of Lear, and then Gloucester, which then leads to the literal blindness of Gloucester later on in the play. We will write a custom essay sample on Symbol Essay on King Lear or any similar topic only for you Order Now These examples of blindness are an important part of King Lear because they help the reader to better understand the themes that Shakespeare wanted to convey through his work. The symbol of blindness can be found in the very first scene of the play, when Lear is demanding praise from his daughters to decide who will receive the better part of the land when he gives up his throne. He is metaphorically blinded by his pride and arrogance when his eldest daughter, Cordelia, replies by saying nothing. Lear is enraged, â€Å"Nothing will come of nothing†¦Here I disclaim all my paternal care†¦And as a stranger to my heart and me Hold thee from this forever† (I. i. 89-114), and he foolishly banishes the only daughter who truly loves him. He cannot see that through Cordelia’s silence, she is actually saying much more than her sisters, who were deceiving their father in order to receive power. Through the example of Lear’s actions, the theme that pride and arrogance can blind you is presented to the reader and continues on to evolve into a major theme of the play. Another theme that is introduced through the symbol of blindness is that people are easily deceived by others. This theme is apparent when Gloucester is deceived by his bastard son, Edmund. His plan is to deceive his father in order to â€Å"if not by birth, have lands by wit.† (I. ii. 164). He is so desperate for power that he goes to the extreme of putting his brother in danger due the fake letter he gave to Gloucester, making him believe Edgar had turned against him. Gloucester is blinded by Edmund’s trickery and lies to the point where he orders for Edgar to be killed. Through his example of metaphorical blindness, Gloucester becomes an example of the theme that blindness leads to people being easily deceived by others. Gloucester is also an example of the literal symbolism of blindness that Shakespeare uses in King Lear. In the third act, comes the bloodiest part of the tragedy; Gloucester is literally blinded by Cornwall for helping Lear escape to Dover. After having both of his eyes plucked out, Gloucester asks to see his son Edmund, whom he believes is there to protect him. Regan reveals the truth to him, â€Å"Thou call’st on him that hates thee. It was he That made the overture of thy treason to us, Who is too good to pity thee,† (III. vii. 88-90), and Gloucester then realizes he has been deceived by Edmund and wronged his son Edgar. By not seeing Edmund’s treachery until he was blind, Gloucester presents another theme, blindness can lead to truth. By saying, â€Å"I stumbled when I saw,† (IV. i. 19) Gloucester helps the reader to understand that seeing can blind us from the truth. Through the symbol of blindness, whether metaphorical or literal, the meaning of the play is greatly enhanced by the themes the symbol presents. The reader can better understand the meanings and ideas that Shakespeare intended to portray through his characters. Lear and Gloucester, through their metaphorical and literal examples, allow the symbol to be used as an important part of the play. How to cite Symbol Essay on King Lear, Essays Symbol Essay on King Lear Free Essays Often in literature, symbolism is used to represent ideas or meanings in a metaphorical sense. However, in Shakespeare’s play, King Lear, the symbolism of blindness is used both in a metaphorical and literal way. This symbolism can first be seen in the metaphorical blindness of Lear, and then Gloucester, which then leads to the literal blindness of Gloucester later on in the play. We will write a custom essay sample on Symbol Essay on King Lear or any similar topic only for you Order Now These examples of blindness are an important part of King Lear because they help the reader to better understand the themes that Shakespeare wanted to convey through his work. The symbol of blindness can be found in the very first scene of the play, when Lear is demanding praise from his daughters to decide who will receive the better part of the land when he gives up his throne. He is metaphorically blinded by his pride and arrogance when his eldest daughter, Cordelia, replies by saying nothing. Lear is enraged, â€Å"Nothing will come of nothing†¦ Here I disclaim all my paternal care†¦And as a stranger to my heart and me Hold thee from this forever† (I. i. 89-114), and he foolishly banishes the only daughter who truly loves him. He cannot see that through Cordelia’s silence, she is actually saying much more than her sisters, who were deceiving their father in order to receive power. Through the example of Lear’s actions, the theme that pride and arrogance can blind you is presented to the reader and continues on to evolve into a major theme of the play. Another theme that is introduced through the symbol of blindness is that people are easily deceived by others. This theme is apparent when Gloucester is deceived by his bastard son, Edmund. His plan is to deceive his father in order to â€Å"if not by birth, have lands by wit.† (I. ii. 164). He is so desperate for power that he goes to the extreme of putting his brother in danger due the fake letter he gave to Gloucester, making him believe Edgar had turned against him. Gloucester is blinded by Edmund’s trickery and lies to the point where he orders for Edgar to be killed. Through his example of metaphorical blindness, Gloucester becomes an example of the theme that blindness leads to people being easily deceived by others. Gloucester is also an example of the literal symbolism of blindness that Shakespeare uses in King Lear. In the third act, comes the bloodiest part of the tragedy; Gloucester is literally blinded by Cornwall for helping Lear escape to Dover. After having both of his eyes plucked out, Gloucester asks to see his son Edmund, whom he believes is there to protect him. Regan reveals the truth to him, â€Å"Thou call’st on him that hates thee. It was he That made the overture of thy treason to us, Who is too good to pity thee,† (III. vii. 88-90), and Gloucester then realizes he has been deceived by Edmund and wronged his son Edgar. By not seeing Edmund’s treachery until he was blind, Gloucester presents another theme, blindness can lead to truth. By saying, â€Å"I stumbled when I saw,† (IV. i. 19) Gloucester helps the reader to understand that seeing can blind us from the truth. Through the symbol of blindness, whether metaphorical or literal, the meaning of the play is greatly enhanced by the themes the symbol presents. The reader can better understand the meanings and ideas that Shakespeare intended to portray through his characters. Lear and Gloucester, through their metaphorical and literal examples, allow the symbol to be used as an important part of the play. How to cite Symbol Essay on King Lear, Essays

The Coalition Essay Prompts 2018-2019

With another application season behind us, it’s time to get ready for the next. Here are the 2018-2019 Coalition Application Essay Prompts.The Coalition Application Essay Prompts 2018-20191. Tell a story from your life, describing an experience that either demonstrates your character or helped to shape it. 2. Describe a time when you made a meaningful contribution to others in which the greater good was your focus. Discuss the challenges and rewards of making your contribution.3. Has there been a time when you’ve had a long-cherished or accepted belief challenged? How did you respond? How did the challenge affect your beliefs?4. What is the hardest part of being a teenager now? What’s the best part? What advice would you give a younger sibling or friend (assuming they would listen to you)?5. Submit anessayon a topic of your choice. Which prompt are you going to choose? Need some inspiration?Ourpremium plansoffer different levels of profile access and data insights that can help you get into your dream school. Unlock any of ourpackagesor search ourundergraduate profile databaseto find specific profiles that can help you make an informed choice about where to apply! We have 60,000+ successfulcollege application filesuploaded by college students. See how they got in, and how you can too!

Leonardo DaVinci essays

Leonardo DaVinci essays Throughout history there have been many people who have affected the way we live today. Some of these people have devised laws, created machines, or sculpted artwork. Leonardo DaVinci is one of these people. He was a painter, sculptor, inventor, musician, architect, scientist, and military engineer. Leonardo DaVinci was born on April 15, 1452 in the town of Vinci. At the age of nineteen he traveled to Florence to be an apprentice in the studio of Verrocchio. While he was there he began his painting career. His most famous pieces of works are The Last Supper, Madonna and Child with St. Anne, Mona Lisa, and Self-Portrait. DaVinci also painted the Battle of Anghiari, the Leda. These two pieces of work are not very famous, but they are most important. Sculpting was a pastime that DaVinci cherished. His two great sculptures are the giant equestrian statue of Francesco Sforza and the monument for Marshal Trivulzio. Both of these sculptors were not finished. Throughout his life he invented many objects. DaVinci did not build many of the things he drew. He compiled all of his drawings in the Codex Madrid. Many people discovered his drawings and created replicas of his works. Leonardo taught and created music. He studied the works of the drum. He was very interested in improving the rhythm of drums. He invented the viola organista which was a piano that had a belt of moving hair that went across the strings. This was the most complicated instrument he created. Leonardo is a contributor to the works of architecture. He devised the arch and how the different parts of the arch could handle different amounts of weight. He also researched how a bar or spring acted when they were under stress. Leonardos favorite topic to study was anatomy. He was most curious in the movement of creatures. He studied the...

Difference Between Chemistry and Chemical Engineering

Difference Between Chemistry and Chemical Engineering Although there is overlap between chemistry and chemical engineering, the courses you take, degrees, and jobs are quite different. Heres a look at what chemists and chemical engineers study and what they do. Chemistry vs Chemical Engineering in a Nutshell The big difference between chemistry and chemical engineering has to do with originality and scale. Chemists are more likely to develop novel materials and processes, while chemical engineers are more likely to take these materials and processes and upscale them to make them larger or more efficient. Chemistry Chemists initially obtain bachelor degrees in science or arts, depending on the school. Many chemists pursue advanced degrees (masters or doctorate) in specialized areas. Chemists take courses in all major branches of chemistry, general physics, math through calculus and possibly differential equations, and may take courses in computer science or programming. Chemists typically take core courses in the humanities, too. Bachelor degree chemists usually work in labs. They may contribute to RD or perform sample analysis. Masters degree chemists do the same type of work, plus they may supervise research. Doctoral chemists do and direct research or they may teach chemistry at the college or graduate level. Most chemists pursue advanced degrees and may intern with a company before joining it. Its much more difficult to get a good chemistry position with a bachelors degree than with the specialized training and experience accumulated during graduate study. Chemical Engineering Most chemical engineers go with a bachelors degree in chemical engineering. Masters degree a popular, while doctorates are rare compared with chemistry. Chemical engineers take a test to become licensed engineers. After obtaining enough experience, they may continue to become professional engineers (P.E.). Chemical engineers take most of the chemistry courses studied by chemists, plus engineering courses and additional math. The added math courses include differential equations, linear algebra, and statistics. Common engineering courses are  fluid dynamics, mass transfer, reactor design, thermodynamics, and process design. Engineers may take fewer core courses, but commonly pick up ethics, economics, and business classes. Chemical engineers work on RD teams, process engineering at a plant, project engineering, or management. Similar jobs are performed at the entry and graduate level, although masters degree engineers often find themselves in management. Many start new companies. Job Outlook for Chemists and Chemical Engineers There are numerous job opportunities for both chemists and chemical engineers. In fact, many companies hire both types of professionals. Chemists are the kings of lab analysis. They examine samples, develop new materials and processes, develop computer models and simulations,  and often teach. Chemical engineers are the masters of industrial processes and plants. Although they may work in a lab, youll also find chemical engineers in the field, on computers, and in the boardroom. Both jobs offer opportunities for advancement, although chemical engineers have an edge because of their broader training and certifications. Chemists often pick up postdoctoral or other training to expand their opportunities.

First Step in Creating an Ad Campaign-Exploring Target Audience Assignment

First Step in Creating an Ad Campaign-Exploring Target Audience - Assignment Example Taking into account that they represent about 33 million people, then roughly 7.59 million teens live in the Midwest. Supposing that the teen population matches the overall demographics for gender, then 3.8 million are male. The data covered 13-19, so accounting for five parts of seven, then 2,71 million are within our target audience. The average spending power of this group is $40 per week from all sources, including jobs, equaling an annual market of 2080 per capita, for a grand total of about 4 billion dollars annually, when adjusted for low income groups in the demographic profile. They also influence about 19% of all household spending in addition to their personal buying power. Convergence is the trend. Most teens now own a cellular phone, a music player and a personal computer. The trend is moving toward smartphones which enable all of these functions or a smart phone and a tablet, such as the Ipad. However, the girls are way ahead of the boy in this age group with only 23% of the boys owning smartphones. All of the group is connected in one way or another, and they share information. Most boys (and girls) belong to at least one social networking site and one online gaming site that includes forum functions. TitleSmartphone Ownership by Teens and By Sex | Text Message Blog Volume2011Issue10/7/2011Editionhttp://www.textmessageblog.mobi/2011/01/14/smartphones-female-teens/Ref TypeWeb PageRetrieved Date10/7/2011Source

Globalization of China Research Paper Example | Topics and Well Written Essays - 750 words

Globalization of China - Research Paper Example Nevertheless, while assessing the effects of globalization in the world, China offers the most classic example, owing to the way the country has been able to match the opening-up of the country to the rest of the world, with development and geographical advancement of most of its provinces, as well as the revolutionized administration and governance of corporate institutions, and the attraction of Foreign Direct Investment (Fan and Zhang, n.p.). Notwithstanding the advantages offered by globalization to China, there are several negative effects that globalization has brought about, which essentially backtracks the gains that the country had made, especially in the cultural and social value systems (Ma, n.p.). The closing of the Starbuck’s coffee house in China's former imperial palace is a good example of how globalization can bring about cultural and social transformation that are detrimental to the value-based system that a country has upheld as the core of its identity (The New York Times, n.p.). ... itors, but its presence in the Chinese museum was found to be threat to Chinese culture, thus attracting media and online protests that led to its closure (The New York Times, n.p.). China’s economy has highly been boosted by the investment of foreign firms within its economy, especially starting the early 1990s, when it implemented some of the much desired financial deregulation (Fan and Zhang, n.p.). This allowed for more entry of investment firms within the country from other foreign countries, especially from Europe and the USA, through eliminating the fixed exchange rates of its currency, thus allowing for more flexible foreign exchange transactions (Mckinnon, n.p.). Therefore, globalization has played the role of a major economic booster in China’s economy, which has in turn made it possible for the country to lift a large percentage of its population from poverty, considering that they can now have jobs that are created by the foreign investments firms in the cou ntry (Mckinnon, n.p.). The deregulation of the currency control in China served to ensure exchange stability, while also promoting aligned price-level of products, thus making it easy for foreign investment firms to gain entry into the country, whose business accounts for a huge growth of the Chinese economy. Further, through globalization, China has been able to operate highly in the technological world, through a creation of a platform through which labor can be exchanged with foreign countries (Fan and Zhang, n.p.). Despite the tight control of the internet that the Chinese government has been applying to regulate the use of the internet within the country, China is one of the largest outsourcing global hub, with many large companies outsourcing labor from China, through the application of

To Tell Or To Lie :: essays research papers

To Tell or to Lie Maral Frendjian For modern students, a training in rhetoric such as that offered by Gorgias is more preferable, rather than learning how to distinguish truth from falsehood. It is the art of forceful language, emphasizing figures of speech and focusing on devices for swaying and persuading an audience, that would be most beneficial for students lives today. Despite the fact that it is simply ornamented language to make a good facade, the rhetoric by Gorgias is necessary for the success of students, especially those who would like to "sell" their ideas, products or beliefs to the people (the larger population). In the world we live in, there are many ways of getting the things that we want. The way most people would like to believe that their accomplishments were achieved is through hard work and sweat. However, that is not how it works, because most people around the world lie to get things to go their way. A perfect example of a group of people that use the rhetoric are politicians. Politicians will say and do anything to convince the citizens that they are right, and that they will do all they promise to do, if you vote for him or her. They try to convince us all the time, and often succeed, that they will make changes. Just think about the many times we've heard, "If you vote for me, I will lower the taxes." Gorgias makes a very clear point regarding the power of the rhetoric. The following quote from Gorgias expresses the impact that rhetoric can have on those listening. I mean the ability to convince by means of speech a jury in a court of justice, members of the Council in their Chamber, voters at a meeting of the Assembly, and any other gathering of citizens whatever it may be. By the exercise of this ability you will have the doctor and the trainer as your slaves, and your man of business will turn out to be making money not for himself but for another; for you, in fact, who have the ability to speak and to convince the masses. (Gorgias, p.28 sec. 453) What Gorgias is saying in the preceding quote is about the amazing power of persuasion. He is saying that if you have the ability to convince, you have the power to sway anyone listening by your ideas. He demonstrates the diverse situations in which the "ability to convince" can help the persuader, by giving him the power so that the control will be in his or her hands. Convincing is not only a form of speech, it is a form of twisting the truth,

Most Powerful Person on Earth Essay

Who are the most powerful people of the world? My fellows from my play group gave me many different answers. What are your answers? Do you think the most powerful persons of the world are: moms and dads? The President? Strong peoples with huge muscles, hefty athletes, or muscular boxers? Kings, princes, and princesses which are richly dressed in ornamented clothing, and have servants? Businessmen that have a lot of money? Friendly teachers with their endless knowledge and smiling faces? I tried to guess your answers. Because, those are also my fellows answers. Most of us have an idea of power that is connected with control or strength, and certainly money. My fellows also think power is in adulthood, in addition to money and strength. But I don’t think the power in money, or strenght or adulthood. Power in not money. Money is temporary; you can make it and lose it. If power is related with money, when we lost our money, we must be lost our power. But if we can make money once, we can make it again. If we have self-assurance, intelligence, and ability to perform effectively, we have the power for making money again. Power is ability of having great influence or control over others. And, it is in bravery, frankness, honesty, and having big dreams. If you have big dreams, and believe in yourself; you can do everything you dreamed of. I have a different opponion about the most powerful people. Moms and dads are struggling for provide you a excellent future. They support, protect, and care for you. When you are ill, they spent sleepless night just beside of you. To most people, approaching the President is nearly impossible. But they show interest to you, especially youngers; they don’t say anything even tear their hairs. Every time, they develop projects for providing you a good education. Teachers use their knowledge for helping you on your life plan. Bussinessmen use their money for building new schools. All of them treat you more tolerant, even the laws. All people around you, your family, relatives, teachers, politicians, struggle for providing you a peaceful, wealthy and excellent life. I bet you guessed my answer. But I think the most powerfull peoples are children. They have the power of convince. Children have great influence and control over adults, and world because of their bravery, frankness, and honesty. With this power, you can change a difficult situation into an opportunity to do something good, and be admired for it. Please aware of your power, and opportunities that it provides you, and make use of it in the way of being a virtuous person for yourself, your family, your country, and the world!