Friday, July 17, 2020

Running Effective Meetings with Mind Maps (Tutorial) - Focus

Running Effective Meetings with Mind Maps (Tutorial) - Focus Meetings take up a huge chunk of work time, and too often the results of those hours of discussions and brainstormings have no actionable outcome. In this article, well introduce you to a system that ensures more  effective meetings, using our online mind mapping tool MindMeister. This is where MindMeister can help: Prepare and distribute an effective  meeting agenda in a mind map Add all relevant links, graphics and files to the map Create engaging presentations from mind maps with a few clicks Take efficient meeting minutes that can be shared with participants Create and  assign actionable tasks  right inside the map Mind maps are a very effective tool when it comes to organizing meetings. They offer a clear structure and a great overview of the agenda.Saskia Bral, Dewaele Group Why Use Mind Maps for Meeting Management? Mind maps are visual  representations of information. Instead of the linear text format you know from Word documents, mind maps organize your agenda and meeting minutes  in a two-dimensional  structure thats easy to understand  and lets you see all important notes at glance. Meeting mind maps  visualize connections between ideas, highlight priorities, and hold a complete record of your discussion on one single page. Your browser is not able to display frames. Please visit Weekly Strategy Meeting on MindMeister. With MindMeister being completely web-based, all meeting participants can also  contribute to the map simultaneously.  They can add notes to topics, vote on ideas, attach visual media, create tasks and assign priorities. We could also use Google Documents for our meeting minutes, but using mind maps is more visually attractive and easier to understand, as agendas, decisions, opinions, everything is connected in one map.Mr. Horie, Marketing Manager, ChatWork Using Mind Maps for Running  Effective  Meetings 1. Preparing the  meeting agenda With their visual structure, mind maps enable participants to get an instant overview of the entire meeting agenda and dive right into the discussion. When preparing a meeting mind map, you can start with a blank map or use one of MindMeisters  meeting templates, which are all available in the template library. The topic of your meeting always goes into the center of the map, but the rest of the maps  structure depends on the type of meeting youre conducting. Heres an example of a simple but effective meeting mind map based on one of our map  templates: As you can see, this map records who is attending the meeting. It offers space for all  meeting-relevant documents and has branches for important announcements, discussion notes and action items resulting from the discussion. This can be a useful structure for meetings that are a little more formal and require an exact  record that you can refer to later on. Tip: Create  a system of color codes and icons to highlight individual elements and quickly signal information to people. Once youve developed a system that works well for your needs you can re-use it for all your future meeting maps. Heres an example of a status meeting map similar to the one we use at MindMeister to conduct our weekly status meetings. The Next In Progress Done structure in the map reflects the Kanban system we use in our MeisterTask project boards. To save time we dont create a new mind map from scratch every week. Instead,  we simply  duplicate the map we used the previous  week  and share the clone  with the department heads a day before the meeting. This way, they can simply drag and drop items that were previously in Next to In Progress and move completed items from  In Progress to Done. Tip:  Using the sidebar in the mind map editor you can add links to external websites, Google Docs or other mind maps. You can also attach  related files such as project plans or reports and upload graphics, diagrams, videos, and more. 2. Creating Engaging Presentations for Your Next Meeting Whether youre presenting an idea to your team or pitching to busy executives, a mind map is a great format that will engage your audience and help them follow your thought process. Creating mind map presentations is also simple and quick â€" a dynamic slideshow can be put together in less than three minutes! Check out this video to see it done in real-time: The best part about a mind map presentation is that you â€" and anybody else whos invited to the map â€" can make notes and comment on ideas directly in the map, be it during your presentation or during the discussion that follows it. Tip: For in-person meetings, you can simply  connect your device to a projector and have the presentation projected onto a screen while you do your pitch.  If your audience is not in the same room with you, you can invite them to the mind map beforehand and use MindMeister to broadcast the presentation to them in real-time. Thanks to MindMeister, our meeting times have reduced drastically. Meetings are short and sharp, because we have all important information prepped before we go in.Liam Hughes, Biggerplate 3. Taking Efficient Meeting Minutes Even if you havent prepared the meeting agenda up front you can always quickly open a blank map and start taking notes during meetings.  Mind maps are a fantastic format for any type of note-taking. Here are a few reasons why: Instead of mindlessly transcribing what you hear word for word, mind maps encourage you to take fewer yet  more meaningful notes. You can easily add information anywhere on the map, which is especially useful if the discussion jumps back and forth between a number of topics. You can use key shortcuts to add new topics and thus take notes with incredible speed. This is particularly important during creative brainstorming sessions where a lot of valuable ideas are generated in very little time. You can create topics  for important keywords and add more detailed information in the notes section of each topic. This will help keep your map clean and ensure it doesnt get too cluttered or large. When it comes to generating ideas and working through creative tasks, mind maps are 30% more efficient than linear documents.Daniel Attallah, CEO, Pixum 4. Creating and Assigning Tasks We really can not stress this enough: An effective  meeting never ends before clear, actionable tasks have been defined and assigned to the persons responsible. If you leave the room before writing down exactly what needs to be done, you risk that your best ideas never get implemented. With MindMeister, you can create tasks  right inside the  mind map you used for note-taking. The mind map editor offers essential task management capabilities like setting due dates, assigning tasks to map collaborators, marking completion and more. Simply select a topic in your map and use the widget in the sidebar to turn the topic into a task. Tip:  MindMeister seamlessly integrates with the online task management tool  MeisterTask. You can log in to MeisterTask with your existing MindMeister account  and export tasks from your map directly into agile project boards. Take a look at the short video below to see this workflow in action: So this is how mind maps can help you run effective meetings and ensure all meeting participants are always on the same page. If you give this workflow a try, let us know how you get on in the comments below! Manage Meetings with Online Mind Maps Get started! Try it now Get started! Running Effective Meetings with Mind Maps (Tutorial) - Focus Meetings take up a huge chunk of work time, and too often the results of those hours of discussions and brainstormings have no actionable outcome. In this article, well introduce you to a system that ensures more  effective meetings, using our online mind mapping tool MindMeister. This is where MindMeister can help: Prepare and distribute an effective  meeting agenda in a mind map Add all relevant links, graphics and files to the map Create engaging presentations from mind maps with a few clicks Take efficient meeting minutes that can be shared with participants Create and  assign actionable tasks  right inside the map Mind maps are a very effective tool when it comes to organizing meetings. They offer a clear structure and a great overview of the agenda.Saskia Bral, Dewaele Group Why Use Mind Maps for Meeting Management? Mind maps are visual  representations of information. Instead of the linear text format you know from Word documents, mind maps organize your agenda and meeting minutes  in a two-dimensional  structure thats easy to understand  and lets you see all important notes at glance. Meeting mind maps  visualize connections between ideas, highlight priorities, and hold a complete record of your discussion on one single page. Your browser is not able to display frames. Please visit Weekly Strategy Meeting on MindMeister. With MindMeister being completely web-based, all meeting participants can also  contribute to the map simultaneously.  They can add notes to topics, vote on ideas, attach visual media, create tasks and assign priorities. We could also use Google Documents for our meeting minutes, but using mind maps is more visually attractive and easier to understand, as agendas, decisions, opinions, everything is connected in one map.Mr. Horie, Marketing Manager, ChatWork Using Mind Maps for Running  Effective  Meetings 1. Preparing the  meeting agenda With their visual structure, mind maps enable participants to get an instant overview of the entire meeting agenda and dive right into the discussion. When preparing a meeting mind map, you can start with a blank map or use one of MindMeisters  meeting templates, which are all available in the template library. The topic of your meeting always goes into the center of the map, but the rest of the maps  structure depends on the type of meeting youre conducting. Heres an example of a simple but effective meeting mind map based on one of our map  templates: As you can see, this map records who is attending the meeting. It offers space for all  meeting-relevant documents and has branches for important announcements, discussion notes and action items resulting from the discussion. This can be a useful structure for meetings that are a little more formal and require an exact  record that you can refer to later on. Tip: Create  a system of color codes and icons to highlight individual elements and quickly signal information to people. Once youve developed a system that works well for your needs you can re-use it for all your future meeting maps. Heres an example of a status meeting map similar to the one we use at MindMeister to conduct our weekly status meetings. The Next In Progress Done structure in the map reflects the Kanban system we use in our MeisterTask project boards. To save time we dont create a new mind map from scratch every week. Instead,  we simply  duplicate the map we used the previous  week  and share the clone  with the department heads a day before the meeting. This way, they can simply drag and drop items that were previously in Next to In Progress and move completed items from  In Progress to Done. Tip:  Using the sidebar in the mind map editor you can add links to external websites, Google Docs or other mind maps. You can also attach  related files such as project plans or reports and upload graphics, diagrams, videos, and more. 2. Creating Engaging Presentations for Your Next Meeting Whether youre presenting an idea to your team or pitching to busy executives, a mind map is a great format that will engage your audience and help them follow your thought process. Creating mind map presentations is also simple and quick â€" a dynamic slideshow can be put together in less than three minutes! Check out this video to see it done in real-time: The best part about a mind map presentation is that you â€" and anybody else whos invited to the map â€" can make notes and comment on ideas directly in the map, be it during your presentation or during the discussion that follows it. Tip: For in-person meetings, you can simply  connect your device to a projector and have the presentation projected onto a screen while you do your pitch.  If your audience is not in the same room with you, you can invite them to the mind map beforehand and use MindMeister to broadcast the presentation to them in real-time. Thanks to MindMeister, our meeting times have reduced drastically. Meetings are short and sharp, because we have all important information prepped before we go in.Liam Hughes, Biggerplate 3. Taking Efficient Meeting Minutes Even if you havent prepared the meeting agenda up front you can always quickly open a blank map and start taking notes during meetings.  Mind maps are a fantastic format for any type of note-taking. Here are a few reasons why: Instead of mindlessly transcribing what you hear word for word, mind maps encourage you to take fewer yet  more meaningful notes. You can easily add information anywhere on the map, which is especially useful if the discussion jumps back and forth between a number of topics. You can use key shortcuts to add new topics and thus take notes with incredible speed. This is particularly important during creative brainstorming sessions where a lot of valuable ideas are generated in very little time. You can create topics  for important keywords and add more detailed information in the notes section of each topic. This will help keep your map clean and ensure it doesnt get too cluttered or large. When it comes to generating ideas and working through creative tasks, mind maps are 30% more efficient than linear documents.Daniel Attallah, CEO, Pixum 4. Creating and Assigning Tasks We really can not stress this enough: An effective  meeting never ends before clear, actionable tasks have been defined and assigned to the persons responsible. If you leave the room before writing down exactly what needs to be done, you risk that your best ideas never get implemented. With MindMeister, you can create tasks  right inside the  mind map you used for note-taking. The mind map editor offers essential task management capabilities like setting due dates, assigning tasks to map collaborators, marking completion and more. Simply select a topic in your map and use the widget in the sidebar to turn the topic into a task. Tip:  MindMeister seamlessly integrates with the online task management tool  MeisterTask. You can log in to MeisterTask with your existing MindMeister account  and export tasks from your map directly into agile project boards. Take a look at the short video below to see this workflow in action: So this is how mind maps can help you run effective meetings and ensure all meeting participants are always on the same page. If you give this workflow a try, let us know how you get on in the comments below! Manage Meetings with Online Mind Maps Get started! Try it now Get started!

Thursday, May 21, 2020

Designing Quality Customer Service Process - 3326 Words

A. Provide a detailed written report outlining the process you to undertake this task 1. Introduction Customer service is very important practice in nearly every industry due to customer is major component in the business. The organization that capable of initiate quality customer service is likely to achieve better business performance in similar industry. Provide service greater than customer expectation will automatically improve customer satisfaction. This will help persuade current customer to return to the company service in the future. The purpose of this report is develops the process to improve and formalize customer service strategy of AET transport. This paper will outline essential step to develop quality customer service process from current process that utilize in the company at the moment. 2. Process to undertake the task at AET transport The process that customer service manager to undertake the task of develop and formalize AET’s customer service strategy that capable of fulfill the gap between the company mission to provide quality customer service and un-organized process to work with the customer consist of the following step. (1) Identify and analyze problem in the organization, (2) Develop implementation plan and schedule for new customer service standard, (3) Implement of new customer service standard, (4) Evaluate the effectiveness of new standard, (5) Ensure that this standard to meet with international quality standard and (6) Continue improveShow MoreRelatedPlanning Phase Of New Service Development1234 Words   |  5 PagesFor any New Service Development, there is a need for a framework to plan, execute and launch. It is proven that new services or products that are designed, developed in a planned structural framework have been successful in the market rather than those developed without a framewo rk. Various innovative ideas are to be generated from various sources and these ideas are compiled in the Development stage of New Service Development Process cycle. The Planning phase of New Service Development (NSD) cycleRead MoreManagement Functions And Functions Of Management1381 Words   |  6 Pagesfollows: â€Å"Management is the art of getting things done through others† ---- Mary Parker Follett â€Å"Management is the coordination of all resources through the process of planning , organizing, directing and controlling in order to attain stated objectives† ---- F.W.Taylor From the definitions provided above we can say that, management is a process of getting things done with the aim of achieving goals effectively and efficiently. Management consists of five functions namely: ïÆ'Ëœ Planning ïÆ'Ëœ OrganizingRead MoreThe Development of Operation Management Essay1211 Words   |  5 PagesOperation Management Operations management refers to the management of all activities directly involved in the creation of goods/services through the conversion of inputs into output. It consists of the following process capacity planning, forecasting, inventory management, buying and maintaining material, quality assurance, motivation of employees, scheduling, and making decision on where to allocate facilities. The four functions of management include operations, marketing and finance. FinanceRead MoreCustomer Service Processes at Orbitz Essay955 Words   |  4 PagesCustomer Service Processes at Orbitz A Review of the Literature Lin Ze Total Quality BA4010 Professor Edward Ruppel October 3, 2012 Customer Service Processes at Orbitz A Review of the Literature Orbitz, which is headquartered in Chicago, Illinois, officially began doing business online in June 2001, and had originally been created in 1999 by five major airline companies-American, Continental, Delta, Northwest and Untied. What’s more, Orbitz is one of many Internet travelRead MoreCustomer Centric Organization Of Fast Vision Products And Services1658 Words   |  7 PagesLenscrafters have differentiated themselves as unique providers of fast vision products and services above their competitors. Specifically, the company s strengths are based on its timely ‘glasses in one-hour service, the broad range of brand selection and the great customer experience in their stores. 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Quality management, used by many companies, has a specific meaning within many business sectors. The quality management doesn’t especially promote a good quality for a firm, but rather to ensure that a product or organization is consistent, can be considered to have four components: quality planning, quality controlRead MoreTotal Quality Management1287 Words   |  6 PagesTotal Quality Management Total Quality Management(TQM) is an organisational process that actively involves every function and every employee in satisfying customers needs, both internal and external. TQM works by continuously improving all aspect of work through structured control, improvement and planning activities that are carried out in concern with guiding ideology that focuses on Quality and Customer Satisfaction as the top priorities. There has been many arguments that TQM succeedsRead MoreCase Study : 6 Sigma Manufacturing Process1419 Words   |  6 PagesAbstract:- This case study is about 6 sigma manufacturing process by which continuous improvement of the product is done. Mainly the 6 sigma is about improving the quality, In order to identify defects or errors. By using 6 sigma 99.9% the defect will not be there in the product. 6 sigma uses quality management and structural methods. The customer satisfaction can be increased by using this, production cycle can be reduced, reduction of waste and reducing the cost of the project. Read MoreService Style Of The Restaurant Essay1641 Words   |  7 PagesSERVICE STYLE: Our restaurant Season’d is a depiction of all the four seasons, which provide the customers with a sense of nostalgia and the house warmth. One of the main aims with our establishment is to provide quality food which is authentic in a way where it takes the customer down memory lane. 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Wednesday, May 6, 2020

Annotated Bibliography On The Implications Of Psychopathic...

Annotated Bibliography and Outline Lilienfeld, S. O., Waldman, I. D., Landfield, K., Watts, A. I., Rubenzer, S., Faschingbauel, T. R. (2012). Fearless dominance and the U.S. presidency: Implications of psychopathic Personality traits for successful and unsuccessful political leadership. Journal of Personality and Social Psychology, 103(3), 489-505. Lilienfeld et al., (2010) examined the attentiveness of psychopathic personality traits that aligned with job performance and leadership of the past presidents including George W. Bush, whereas their successful or unsuccessful behaviors were a matter of public records. The description of a psychopathic personality is conveyed as superficial charm along with other descriptions such as egocentricity, dishonesty, guiltlessness, callousness, and risk taking, which are based personality traits (Lilienfeld et al., 2010). According to Lilienfeld et al., (2012) there were about 8 listed limitations with fruitful directions for further research; however, the study and the findings didn’t address the questions between boldness and political performance. In the results, it was raised that boldness often associated with psychopathy advantages within a host of occupations and social roles. Clearly it’s warranted further investigation of the implications of boldness for leadership is needed. Odom, S. F., Body, B. L., Williams, J. (2012). Impact of Personal Growth Projects on Leadership Identity Development. Journal of LeadershipShow MoreRelatedEssay on Annotated Bibliography: Leadership1362 Words   |  6 Pagesï » ¿ Annotated Bibliography Yolanda Bowie Grand Canyon University Annotated Bibliography Lilienfeld, S. O., Waldman, I. D., Landfield, K., Watts, A. L., Rubenzer, S., Faschingbauer, T. R. (2012). Fearless dominance and the U.S. presidency: Implications of psychopathic personality traits for successful and unsuccessful political leadership.  Journal of Personality and Social Psychology,  103(3), 489 -505. http://library.gcu.edu:2048/login?url=http://search.ebscohost.com.libraryRead MoreRes 811 Synthesis Paper1363 Words   |  6 Pagesinformation to ensure successful completion of the assignment: †¢ Refer to the annotated bibliography and outline you created in the Module 5 assignment along with the assignment feedback from your instructor. †¢ Review: Lilienfeld, S. O., Waldman, I. D., Landfield, K., Watts, A. L., Rubenzer, S., Faschingbauer, T. R. (2012). Fearless dominance and the U.S. presidency: Implications of psychopathic personality traits for successful and unsuccessful political leadership.Journal of Personality and Social Psychology

How to Become an Engineer Free Essays

How to become an Engineer? Engineers use their imagination and analytical skills to invent, design, and build things that matter. They are team players with independent minds who turn ideas into reality. Many become licensed professional engineers (P. We will write a custom essay sample on How to Become an Engineer or any similar topic only for you Order Now E. s) in order to better protect the health, safety, and welfare of the public. By dreaming up creative and practical solutions, engineers are changing the world all the time. Engineering has been called the â€Å"invisible† or â€Å"stealth† profession. Everything around us and that we use every day has been engineered in some way, yet we may not see the engineers behind the scenes or know much about engineering. Engineering is not part of our grade school education. Many engineers whose work affects the public become licensed. The engineering field is as varied as engineers themselves. Engineers can design and build superstructures or delicate medical instruments. Engineers are exploring for energy and for new worlds in space. They are designing the environmental controls for an art museum or directing global sales of today’s hottest cars and computers. Who knows where the next great challenges will be? I know what your thinking how do you become an engineer or that this is interesting and you would like to apply. Here’s how u become an engineer: First and Foremost, you want to do decide if you have what it takes to be an engineer. To become a professional engineer, you must have a college degree in engineering. Most university programs are selective and quite competitive. Earning good grades in high school is imperative, as is getting a high SAT or ACT score. Second, you must contemplate what type of engineering interests you. While most programs tend to focus on general core classes the first and second year of enrollment, many require students to enroll in a specific program regardless. Seats in each program are generally limited. If you maintain a high GPA, you can usually transfer from one program to another within the engineering department if necessary. It is still important to put some thought into what type of engineering interests you before entering your program. Third, look for and apply to schools with strong engineering programs in the area(s) that interest you. Fourth step is to get good grades in all of your classes once you are enrolled in a program. The first and second years are usually the hardest. Many students are required to take an above-average number of credit hours, and classes are tough. Outside employment is generally discouraged. Focus on your studies as much as possible. Your hard work will be rewarded in the future. The fifth step is to obtain a co-op. Co-ops are usually offered the third, fourth and fifth years of engineering programs. Most co-ops are paid, some are not. They are usually very competitive, which is why receiving high grades in your course work is important. This is the best way to obtain valid, related work experience before entering the job market and it can lead to employment upon graduation. The sixth step is to seek the assistance of your school’s Career Development Center as you near the completion of your program. Someone there can usually help you with your resume, direct you to co-ops and internships and eventually help you apply for jobs in the engineering industry once you are qualified. The seventh and final step is to join a professional engineering society or association that caters to your specific interest. Professional organizations offer many networking opportunities that are ideal for those looking for employment as well as further professional development. Choosing the right career can mean the difference between being satisfied and being disappointed with my life. Many factors can influence the career that I may have for the rest of my life. A decision that I am going to make at the young age of nineteen will have a major impact on the next ten years of my life. In order to make the best decision possible for my future I must follow these steps inserted above. Now, all of this may sound hard and boring but if you interested like I am you would do whatever it takes to reach your goal in life. Engineers are one of the highest paid jobs and also the most complex. If you want to become an engineer follow these steps and you will be on your way to the best engineer possible How to cite How to Become an Engineer, Papers

Saturday, April 25, 2020

Who Is God Gerard Hopkins Explores Essays -

Who Is God? Gerard Hopkins Explores Who is God? A theme that Gerard Hopkins seems to have spent his life exploring and attempting to answer through his poetry. By exploring nature around him, Hopkins adds insight to God's relationship with and essential role to man-- that of creator and redeemer. In his poem ?Windhover? we see a prayer to God as the all-powerful being in which we attempt to give ourselves fully over to-- and through the observance of a falcon we see Christ's descent from heaven to save mankind. The images in ?God's Grandeur ?further Hopkins exploration by following man's sinful nature, oblivion to grace and hope of salvation through Christ. Suggesting that the Almighty's grandeur comes from redemption of the unworthy. By harmonizing these poems the reader can begin to uncover Hopkin's understanding of the greatness of God and mankind's relationship with Him through salvation and grace. Throughout the octave of his sonnet, ?God's Grandeur?, Hopkins uses the natural imagery to explore the Biblical acts of creation, fall of man, Christ's sacrifice, and his disgust of man's continuance in sin and destruction of nature to show just how unworthy of God's grace man is. Through the act of creation Hopkins establishes that God's power is absolute and eternal. ?The world is charged with the grandeur of God.? This speaks to the spark that started creation-- the charge that brought man and the diversity of nature into being. The spark is also like electricity, which produces light: ?And God said, let their be light. And their was light.? (Gen. 1:3,KJV) Adam's fall that set for the sinful nature of man: ?Generations have trod, have trod, have trod,? also resulted in God foreordained master plan of salvation for his lost creations ? Christ the redeemer. In the Bible, Christ was compared to the light of the world, and later the Holy Spirit would be like tongues of fire ?flames ou t/like shining from shook foil.? This redeemer shed His blood for the fallen man of which Hopkins is writing, it oozed out of his body when crushed ?like the ooze of oil.? When oil was used as part of the symbolic ritual of atonement during Biblical times, it was actually a type or symbol for Christ's blood. In His sacrifice Christ atoned for mankind's sin. The writer's distressed tone emphasizes his disbelief that even in the face of this greatness men still do not respect and fear God, ?Why do men then now not reck his rod.? Hopkins ends the octave on a note of disgust that even after this great sacrifice mankind could still be more interested in material wealth and destruction of creation for profit than having a spiritual nature: ?all is seared with trade; bleared, smeared with toil.? Hopkin's uses images of a destroyed nature to not only paint a bleak picture of sin, but also to symbolically speak to the barren spiritual state of man. ?And wears man's smudge and shares man's sm ell: The soil/is bare now, nor can foot feel, being shod.? Man cannot feel a connection with God, through nature, because his feet are shod. In biblical times, shoes were removed on holy ground in reverence -- man is defiling the holy ground that God created. The sestet seeks to explain God's magnificence by contrasting the dark scene of the octave to the constancy of God's grace and continued relationship with man. I believe Hopkins is saying that the grandeur of God is that, despite our blatant disregard for His creation and sacrifice, He does not abandon us. ?And all for this, nature is never spent.? Nature can not only be seen as God rejuvenating His creation despite our mistreatment, but can also allude to God's nature restoring grace and mercy on mankind through Christ. Through the writer's amazement we see a longsuffering Creator that continues to bring new life into a fallen world: ?There lives the dearest freshness deep down things.? Hopkins also takes comfort in that, despite man's shortcomings God has continued to work, through the Holy Ghost that ?over the bent/world broods with warm breast and with ah! bright wings.? Meaning that God, through the Holy Spirit, protects His people like a mother bird who

Wednesday, March 18, 2020

Free Essays on Favorite Song

, but I feel the music. That’s what’s important.... Free Essays on Favorite Song Free Essays on Favorite Song My favorite song in the whole world would have to be â€Å"Hey Lover† from LL Cool J’s 1995 album titled, â€Å"Mr. Smith.† The song is a pleasant collaboration of Mr. Smith and Boyz II Men. I love the way the song immediately grabs you on the opening note of the jazzy guitar. Followed by the melodic voices of Boyz II Men, you instantly get into a relaxed and laid back mood. In the song, LL Cool J raps about how he falls victim of a serious crush on a lady in his neighborhood. He is very graphic in explaining this crush and you will soon find yourself reminiscing about the crush or two you’ve had in the past (or present). I can remember a crush I had in 12th grade whenever I hear the song.. The music of the record is comprised of a jazz guitar, which riffs a melancholy note every 10 seconds. The electric bass guitar deeply hums a soulful note in the background. Percussion is the lifeline of the song and keeps a sleek but steady pace throughout the song. Add the rhythmic voices of Boyz II Men and the sensitive, smooth, but confident voice and lyrics of LL Cool J and you have a masterpiece. I have many favorites but this one in particular is great because it is one of the few rap/r&b collaborations that is on my favorites list. I am a true lover of music. I hear not only music or words, but I feel the music. That’s what’s important....

Monday, March 2, 2020

The History of the Phrase Double Coincidence of Wants

The History of the Phrase Double Coincidence of Wants Barter economies rely  on trading partners with mutually beneficial needs to agree to deals. For example, Farmer A might have a productive henhouse but no dairy cow while Farmer B has several dairy cows but no henhouse. The two farmers might agree to a regular swap of so many eggs for so much milk. Economists refer to this as a double coincidence of wants- double because there are two parties and a coincidence of wants because the two parties have mutually beneficial wants that match up perfectly. W.S. Jevons, a 19th-century English economist, coined the term and explained that it is an inherent flaw in bartering:  The first difficulty in barter is to find two persons whose disposable possessions mutually suit each others wants. There may be many people wanting, and many possessing those things wanted; but to allow  of  an act of barter there must be a double coincidence, which will rarely happen. The double coincidence of wants is also sometimes referred to as the dual coincidence of wants. Niche Markets Complicate Trades While it might be relatively easy to find trade partners for staples like milk and eggs, large and complex economies are full of niche products. AmosWEB offers the example of someone who produces artistically designed umbrella stands. The market for such umbrella stands likely is limited, and in order to barter with one of those stands, the artist first needs to find someone who wants one and then hope that the person has something of equal value the artist would be willing to accept in return. Money As a Solution Jevons point is relevant in economics because the institution of fiat money provides a more flexible approach to trade than barter. Fiat money is paper currency assigned value by a government. The United States, for example, recognizes the U.S. dollar as its form of currency, and it is accepted as legal tender throughout the country and even throughout the world. By using money, the need for a double coincidence is eliminated. Sellers need only find someone willing to buy their product, and there no longer is a need for the buyer to be selling precisely what the original seller wants. For example, the artist selling umbrella stands in AmosWEBs example might really need a new set of paintbrushes. By accepting money she no longer is limited to trading her umbrella  stands only to those offering paintbrushes in return. She can use the money she receives from selling an umbrella stand to buy the paintbrushes she needs. Saving Time One of the most significant benefits to using money is that it saves time. Again using the umbrella stand artist as an example, she no longer needs to use her time to find such precisely matched trading partners. She instead can use that time to produce more umbrella stands or other products featuring her designs, thus making her more productive. Time also plays an important role in the value of money, according to economist Arnold Kling. Part of what gives money its value is that its value holds up over time. The umbrella artist, for example, does not immediately need to use the money she earns in order to buy paintbrushes or whatever else it is she may need or want. She can hold onto that money until she needs or wants to spend it, and its value should be substantially the same. Bibliography Jevons, W.S. Money and the Mechanism of Exchange. London: Macmillan, 1875.