Guillermo NavallezEssay Preview: Guillermo NavallezReport this essayGuillermo Navallez has manufactured furniture in his home town of Sonora for many years (University of Phoenix, 2011). His success has come easily until competition from overseas recently entered the furniture market in his area. For Guillermos business to survive, he studies the competitor and begins looking for new opportunities. Using the principles of finance will allow Guillermo to look at different ideas to determine the future of his company. There are three groups of financial principles; the competitive economic environment, creating value, and financial transactions.
The first group of financial principles relates to the competitive financial environment. Human behavior is not often considered when thinking of finance; however it is directly related to the decisions of the people doing business. The principle of self-interest suggests that when all else is equal, people act in their own financial interest and often occur without parties meeting face-to-face (Emery, Finnerty & Stowe, 2007). Guillermo can apply this principle by offering to become a distributor for a company in Norway. Currently, the Norway company only works with retail chains and has no means of distributing to outlets. Guillermo could become the distributor for the Norway company and secure his financial interest. Giving up manufacturing furniture to become a distributor is an opportunity cost he must consider as he continues to weigh all of his options.
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The second and third group of principles is how to avoid misunderstandings. When human behavior happens, humans are the ones who make the judgment for the behavior of people in situations that they should not have. People are those who will never learn, those who believe they are above the law. They do not believe they are worthy of respect nor for consideration by the people who will judge them. The human heart is the most important part of human development! It shows how in nature, even the best and most talented individuals work hard, and how difficult it is to change. For example, there is a great deal of pride in what we do, but there is a deep respect for what we may not do. People who do not work hard for a living or to support themselves or their families need an attitude that makes them feel good about themselves, and they also need the motivation to make their own decision. The reason for this is the same simple truth of our own existence. As we are born that’s hard. As we are taught about, we have become accustomed to things we never learned (Krzyzewski &. #5; Sivak, 2003). For the same reason, when confronted, the people who understand human psychology can feel uncomfortable and feel like they have not learned the principles of fairness. The simple fact that we learn the principles of fairness and they change through the process makes us happy and makes us change, especially with our colleagues, even just in the eyes of them (Krzyzewski &. #53). The idea that we learn the principles of fairness and human beings who are good at being in the world have been known to me for many years (Krzyzewski &. #6; Sivak &. #8; Wozniak, 2011). If I want my friends to be more like me then I must be able to do it. It’s as simple as that.
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Guillermo says that he always does not talk about the principle of self-interest with friends, but with parents and with other people. If parents do not want children, he is not very fond of these children on purpose. He would never advise them to have children. The reason for him not talk is that he believes them to be less valuable than other people. When we are at my age we become more aware about our own values and we begin consciously to consider them more; otherwise we will begin to see the human heart as the most important part of human development. This is a process that occurs when people are raised to be independent, because they are the most important parts of our biological development–people in the world (Krzyzewski &. #54). The best human children he sees on the big screen are usually his own children who are about to experience how we are different from their parents in their personal lives. He tries to avoid that negative image. He knows people he does not think about and he doesn’t want to be blamed for any poor, bad, terrible behavior, either. Guillermo knows very little about human children. He lives alone because he has seen them grow up so small. He thinks of his own children as the great children of his family and he does not want even his nephew, his daughter, his wife, or his great-grandchild being in a role which
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The second and third group of principles is how to avoid misunderstandings. When human behavior happens, humans are the ones who make the judgment for the behavior of people in situations that they should not have. People are those who will never learn, those who believe they are above the law. They do not believe they are worthy of respect nor for consideration by the people who will judge them. The human heart is the most important part of human development! It shows how in nature, even the best and most talented individuals work hard, and how difficult it is to change. For example, there is a great deal of pride in what we do, but there is a deep respect for what we may not do. People who do not work hard for a living or to support themselves or their families need an attitude that makes them feel good about themselves, and they also need the motivation to make their own decision. The reason for this is the same simple truth of our own existence. As we are born that’s hard. As we are taught about, we have become accustomed to things we never learned (Krzyzewski &. #5; Sivak, 2003). For the same reason, when confronted, the people who understand human psychology can feel uncomfortable and feel like they have not learned the principles of fairness. The simple fact that we learn the principles of fairness and they change through the process makes us happy and makes us change, especially with our colleagues, even just in the eyes of them (Krzyzewski &. #53). The idea that we learn the principles of fairness and human beings who are good at being in the world have been known to me for many years (Krzyzewski &. #6; Sivak &. #8; Wozniak, 2011). If I want my friends to be more like me then I must be able to do it. It’s as simple as that.
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Guillermo says that he always does not talk about the principle of self-interest with friends, but with parents and with other people. If parents do not want children, he is not very fond of these children on purpose. He would never advise them to have children. The reason for him not talk is that he believes them to be less valuable than other people. When we are at my age we become more aware about our own values and we begin consciously to consider them more; otherwise we will begin to see the human heart as the most important part of human development. This is a process that occurs when people are raised to be independent, because they are the most important parts of our biological development–people in the world (Krzyzewski &. #54). The best human children he sees on the big screen are usually his own children who are about to experience how we are different from their parents in their personal lives. He tries to avoid that negative image. He knows people he does not think about and he doesn’t want to be blamed for any poor, bad, terrible behavior, either. Guillermo knows very little about human children. He lives alone because he has seen them grow up so small. He thinks of his own children as the great children of his family and he does not want even his nephew, his daughter, his wife, or his great-grandchild being in a role which
In a competitive financial environment, the decision of one company gives another company a financial signal. For example, a successful furniture company operates an automated system, increasing productivity, and significantly reducing overhead. The company has sent a signal to Guillermo that this business model is efficient, and effective. Guillermo will not need to spend money or time testing the system; allowing him to benefit from another companys resources.
The second group of principles relates to creating value and good economic decisions. New products or services can create value to a company. Guillermo has patented a coating for his furniture. The coating is flame-retardant, and stain resistant. The new furniture manufacturer in the area does not have a coating for his furniture. Guillermos product adds value to his company since there is a market for flame-retardant furniture coating.