Understanding description of my future career
Commerce is a wide term that is used to describe all sorts of activities that range from the production stage of goods and services all the way to their end consumers. The commerce system or the process of operation can be either activity within the borders of a given country or even internationally. The process of commerce has been known to entail the following in its system
- Legal procedures
- Economic procedures and requirements
- Political activities and involvement
- Social and cultural considerations
- Technological system in corporations
Origin of commerce
The historical backdrop of business commerce is the historical backdrop of human progress. In his boorish express man’s needs are few and basic, constrained to his physical presence, for example, nourishment, attire, and asylum, yet as he propels in the size of insight his needs increment and he requires the solaces and comforts of life as well as even the extravagances. The edified man is perpetually discontent, for no sooner is a need provided than another emerges in its place, and under that jolt, he accomplishes powerful victories over the strengths of nature and achieves a high level of improvement in character. Trade is one of the methods by which different people groups have at various circumstances embraced to supply their requirements.
No humanized group creates every one of the things which it devours. A part of its needs should be provided by an exchange of items with different groups or countries and this is the start of business, either household or outside. Additionally, it might be outlandish for a country to deliver all that it needs to devour, inferable from physical idiosyncrasies of the nation, its absence of coal, wood, or mineral, its atmosphere (Powers, finance and commerce 1903)
Understanding description of my future career
As a commerce student, I am aiming much to be one of the self-employed business men. Commerce revolves around the trade activities either bilateral or multilateral activities. Off late, trade or commerce includes subsets of very complex companies systems that aim at maximizing their profits and as offer their products to the market that in this case are markets made of individual people and other companies too but at the lowest cost of production. Recently, Commerce has broadened to extends of practicing international trade and this has very much contributed to the fast growth of the entire world economy. This has motivated me to engage in this kind of industry where you can acquire self-employment even at the third world countries due to the existence of both bilateral and multilateral trades.
Trends in the commerce industry
The commerce industry is not the way it was some few years back. As I discussed in the origin of the commerce, the human needs keep on changing as time goes by and the same way the population keeps on increasing. This, therefore, calls for more trading activities since everyone cannot fully produce to satisfy the needs for them. Trade comes in to compensate the unreached needs. Therefore, this has led to the evolution of the commerce industry to a more fast and reliable trade and access to these goods and services to satisfy the wants. The need to facilitate fast and reliable trade activities has led to evolution of a branch of commerce concerned with online trade and transaction which is termed as the e-commerce and M -commerce The following are the trends currently ;
- Intersectional Futurism
Trends in the commerce industry
This describes the idea and the notion that the already existing different social issues do overlap and intersect or in different ways cross the lines of each other, and these issues can only get to be understood in relation to the context of the other by the production of results. For instance, women’s health is not related to gender only but it’s also related to their ability, race and social class, therefore, you cannot choose to relate one section and oversee the other. This trend is applicable in commerce in that, when the world and a few groups can feel isolated, there is a chance to concentrate on the genuine purposes of crossing point — not simply to converse with different gatherings of individuals, yet to consider what effect your item and your business have all the more comprehensively in the group and the way of life. (Schneckenleitner 2017, pg 34)
- On-Demand Work
As per the World economic forum, the Fourth industrial revolution is in progress and changing all that we think about existence, business, and consumerism. The accentuation, they say, will be on ability, not capital. This move in worldwide economies is now in motion and can be found in the changing relationship Americans have with work, regardless of whether by decision or by require. Unexpected specialists are currently a reality. Rather than customary professional educations, yearning wannabe representatives make CVs of their own outline with identifications, hands-on learning and Nano-degrees assembling their own form of ability.
An ever increasing number of laborers fix together professions of their own making—work sharing, twofold gigs, outsourcing. As indicated by MBO Accomplices “over the most recent five years, the quantity of autonomous specialists in the US has risen 12%”
Standard people would now be able to outsource a segment of their lives. Utilize your inventiveness to profit on Kickstarter, your home to profit on Airbnb, your auto to consume a couple of hours with Uber, at that point utilize your companions to make a group of people on YouTube and offer item arrangement on that. This is very applicable in the commerce world in that it helps Recognize and grasps the way that a change is in movement. Give laborers the flexibility to manufacture their work lives as they see fit. Comprehend that your potential client, while presumably working frequently, is never again secured a 9-to-5. Strategize now for the innovative changes coming soon.
- E commerce
The latest trend in the world of business is the online trade. This is a forum where people, who are the buyer and the seller, can talk, discuss and negotiate on the product, its availability, its prices and delivery and also payment details. Initially, it was still there but there has been a trend in which now marketing can be done and everything including the challenges expected cannot also be discussed over the internet. Sales and Substance Advertising Turn out to be Completely Incorporated As clients and purchasers keep on doing more online research, top performing associations keep on integrating deals and substance advertising. The objective is to guarantee that when clients scan for dangers, difficulties, and execution methodologies related with your answers, they will locate your substance to address their inquiries.
Factors causing change in the commerce world
- Demographic shifts
- Growing emerging markets
- Innovation
- Increased competition
- Clean technology
Jobs expected to disappear due to trends in E-commerce
- Decline of the manufacturing jobs
A significant part of the clarification for the decrease of assembling and manufacturing occupations is because of automation or mechanization—a quickening worldwide wonder. As indicated by one investigation, 88 percent of the loss of assembling employments in the world from 2000 to 2010 can be clarified by increments in efficiency because of advances in labor-sparing innovation and technology. Most companies prefer using automated machines and robots in place of human labor even to operate machines. This has led and will lead to the loss of more jobs to those who have been in the place of these robots.
- Loss of jobs by marketing personnel
The employment of online market method and tools has led and will continue being a blow to the sales person who used to undertake these tasks manually. The world technology today seems to be transforming everything to be conducted without personal conduct and this has led to Lessing the need for people like sales personnel’s
- Loss of jobs by security minor officers
Introduction of CCTV cameras and device tracking machines have also led to the loss of jobs to the minor security persons who initially used to be on the watch out for every activity happening at the perimeters of every company, organization or any institution.
Forecast on changes in the commerce world in the next five years
- Small and Medium Enterprises All Over the World Will Concentrate On Their Area and Have A Significant Competitive Advantage.
Considering this forecast, small business will be many since everyone is venturing into the commerce world in different ways. This, therefore, will lead to the concentration of the small business in one area and thus give them a very wide competitive advantage as compared to the large business enterprises. (Smallbusiness.chron.com. 2017)
- The Pattern of C2B Will Be Universal. Customers’ Creative Idea + Customized Production +Crowd funding
This forecast is based on the belief that every human being or man is the architect of their own life. Therefore, it’s well-known that customers who are consumers know best about the product that is being produced in the market and according to the current trend and future forecast, very soon the customer will be able to design for themselves the product they need and not the producers.
- The Usage Of 3D Virtual Technology In business
It’s coming a time where by, good will be marketed via the internet just like they are being marketed but what more is that a buyer will be able to smell, touch or even weigh the products by hand but in 3d photo form and not like today where you just view the photo or video.
- Deep integration of devices and life
Trade via the internet or business commerce in future will be linked or coordinated to most of everyday life gadgets and equipment that we commonly use. Currently we have being shoppimg by the use of some portals and websites in our mobile phones and computers but in future this may be very minimal or be absent to zero cases.
For instance, the integrations of some of these activities will be like taking the case of a home living room fridge that will be having the capabilities to monitor all what is expected of the fridge and in addition to that will be able to monitor the supply of all components stored there like the foodstuffs, drinks and will just receive orders from the internet source like the Amazon new to sort them and regulate environmental conditions that favor each of the components in the fridge. Moreover, other home equipment like washroom sensors will be in a position to measure the amounts of water, shampoo, and any other item used in the washroom. (Wright, R.W. and Ricks, D.A., 2016.pg 687)
Marketing career cluster
I chose this job cluster since it’s one of the marketable job clusters. Every profit making and also non-profit making organization need to market its products or activities to the society made up of the potential consumers. Therefore, it has high chances of getting self-employed and also getting hired by others. Moreover, it’s more of hobby and fun.
Personal soft skills as advertising and promotion manager
- Active listening— active listening entails paying attention to the words being said by the others and aiming at giving a full meaning to these words after taking enough time to internalize them keenly. This can be accompanied by questions on where you have not understood and avoid inappropriate interruptions while the speaker is talking
- Social Perceptiveness—this being able to know and note different reaction from different people and also be able to predict while such reactions arose and how to handle the situation Speaking — talking to others to convey information effectively.
- Time Management—management of individual time and also group time. Doing everything expected of me and doing it within the right and given time to satisfaction..
- Critical Thinking— thinking wisely and being logic when it comes to reasoning as a way of identifying opportunities, strengths and weaknesses , conclusions and ways of solving problems.
- Quick decision making and ability to solve problems effectively (Onetonline.org. 2017)
Technical knowledge and skills
- Customer relationship management CRM software— Constant Contact; Market Sharp
- Data base user interface and query software— Database software; Microsoft Access; Microsoft Dynamics Marketing; Palo Alto Advertising Plan Pro
- Desktop publishing software— Adobe Systems Adobe InDesign; Adobe Systems Adobe PageMaker; Microsoft Publisher; Quark
- Graphics or photo imaging software— Adobe Systems Adobe Illustrator; Adobe Systems Adobe Photoshop
- Video creation and editing software— Adobe Systems Adobe After-effects; Apple Final Cut Pro; Apple iMovie; Avid Media Composer
- Academic performance review.
Considering my past academic performance, I have been performing very well when it comes to all units concerned with e commerce and marketing at large. This has, therefore, encouraged me to greater heights to pursue this job cluster. I have a good class work knowledge of all what it takes to create a good advert, I have also a great Information of standards and strategies on how to show, advertise and sell both goods and services. This incorporates advertising procedure and strategies, item showing, sale methods, and sales control frameworks. I also have a wide Knowledge of media production, communication, and dissemination techniques and methods. This includes various ways used to inform and amuse through written, verbally, and visual media. I have been performing very well when it comes to the application of the above-discussed fields.
- Key findings on my strengths
- I am a good listener
- I am good in all sorts of oral comprehension and I can interpret any information presented orally
- I am a good problem sensor and this makes me know when something is wrong
- Good at getting information from any relevant source I intend
- I have a good speech clarity
- Areas of improvements
- don’t like talking about masses
Skills and knowledge needed to meet industry standards
- Perusing Perception — Understanding composed sentences and passages in business related archives.
- Composing — imparting viable in constituting as fitting for the necessities of the group of the interested parties
- Complex Critical thinking — distinguishing difficult matters and checking on similar data to build and assess choices and execute plans.
- Coordination — modifying activities in connection with others’ activities.
- Negotiations and Arrangement — these are all activities made to create unity and attempt to create contrast.
- Dynamic Learning — ability and being in a position to know the effects and implication of new data and information for both currents and future critical decisions and leadership.
- Checking — Observing/Surveying execution of you, different people, or associations to make enhancements or make a restorative move.
- Systems Analysis— Deciding how a framework should function and how changes in conditions, operations, and the environment will influence results
- Influence — Inducing others to alter their opinions or conduct
Knowledge required
- Customer and Individual Administration —having the knowledge on how or the procedure for carrying out managerial activities and how to deal with customers.
- Computers and Gadgets — learning of circuit sheets, processors, chips, electronic gear, and PC equipment and programming, including applications and programming.
- Clerical — learning of monitoring and managerial techniques and frameworks
- Production and Preparing —this is the ability to be able to prepare all the raw materials used for the production process, being able to use them to provide quality output and use of different methods to amplify and disseminate the products
- Telecommunications — learning how to pass information, broadcast news, substituting, control and conducting all activities revolving around media and communication channels
Personal SWOT analysis
Strengths
- I am a good listener
- I am good in all sorts of oral comprehension and I can interpret any information presented orally
- I am a good problem sensor and this makes me know when something is wrong
- Good at getting information from any relevant source I intend
- I have a good speech clarity
Weaknesses
- don’t like talking about masses
Opportunities
- Venture in companies that are upgrading from human labor sales and marketing to automated and online marketing
- Use the current technology to invent fast and cheaper ways of reaching all target consumers via the internet and create a way I which we can discuss just like we could discuss face to face
Threats
- The technology keeps on changing so the innovations are
- A very competitive world of marketing
References
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