Learning is characterized as "any relatively permanent change in behavior that occurs as a result of experience". This also means that it also happens outside of schools, e.g. at workplaces.
Give us an example of such a "lesson" that helped you to improve your job performance.
Try to generalize this isolated experience of yours into a "training method" that would help others to improve their performance as well.© BrainMass Inc. brainmass.com October 25, 2018, 1:01 am ad1c9bdddf
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I have learned many lessons in the many years of my work experiences. The following are some of the important things that I have learned at work with the hope that sharing them will help others to improve their performance as well.
1. Self-discipline. When I first had my job, I was not very particular with disciplining myself in terms of reporting for work early and on time. There were times that I was late at work and I was called many times by the supervisor. The reason for this is that I was slow in many things that I do. I was not recommended for permanency after my first job because of this. After that, I realized that I should discipline myself more so that I will be retained in any job that I do. It took strong determination on my part to improve my attendance and performance by training myself to work faster ...
The solution cites an example of a learning experience that helped improve job performance. The example is generalized into a 'training method' that would help others improve their performance as well. References included.
Global Risk Management
1. What can we learn about economic development and political risk from the contrasting experiences of East and West Germany, North and South Korea, and communist China and Taiwan, Hong Kong, and Singapore?
2. What indicators would you look for in assessing the political riskiness of an investment in Eastern Europe? Assign a value and weight to each of the political risk indicators and compute an index by adding the products of the assigned ratings and weights of each political risk factor.
3. The Swiss Central Bank bans the use of Swiss francs for Eurobond issues. Explain how currency swaps can be used to enable foreign borrowers who want to raise Swiss francs through a bond issue outside of Switzerland to get around this ban.
4. What is translation exposure? Transaction exposure?
5. What are the basic translation methods? How do they differ?
6. In May 1988, Walt Disney Productions sold to Japanese investors a twenty-year stream of projected yen royalties from Tokyo Disneyland. The present value of that stream of royalties, discounted at 6 percent (the return required by the Japanese investors), was ¥93 billion. Disney took the yen proceeds from the sale, converted them to dollars, and invested the dollars in bonds yielding 10 percent. According to Disney's chief financial officer, Gary Wilson, "In effect, we got money at a 6 percent discount rate, reinvested it at 10 percent, and hedged our royalty stream against yen fluctuations?all in one transaction."
a. At the time of the sale, the exchange rate was ¥124 = $1. What dollar amount did Disney realize from the sale of its yen proceeds?
b. Demonstrate the equivalence between Walt Disney's transaction and a currency swap. (Hint: A diagram would help.)
c. Comment on Gary Wilson's statement. Did Disney achieve the equivalent of a free lunch through its transaction?
7.. Walt Disney expects to receive a Mex$16 million theatrical fee from Mexico in ninety days. The current spot rate is $0.1321/Mex$, and the ninety-day forward rate is $0.1242/Mex$.
a. What is Disney's peso transaction exposure associated with this fee?
b. If the spot rate expected in ninety days is $0.1305, what is the expected U.S. dollar value of the fee?
c. What is the hedged dollar value of the fee?
d. What factors will influence the hedging decision?