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| TOEFL academic response: how to be successful in business |
factors for success in business (hard)
Q: How does one become successful in business?
Kelly: Luck because all successful entrepreneurs say they were at the right place at the right time.
Andrew: Hard work because all successful business people are almost workaholics.
Response 1
The fundamental question for anyone going to MBA school is this: how does one become successful in business? I once read an insightful story that answers this question: If you were given the opportunity to open a restaurant in New York City and you could pick any location that would have no competition, what would be the thing you need? Most people would say great food, service, or something else. But the real answer is that you need a hungry crowd. No matter how delicious your food is, if people are not hungry, you cannot make sales. In the language of business, these eager patrons equate to "pain points," signifying persistent issues that cause discomfort and inconvenience to potential customers. While emphasizing the merits and outstanding attributes of your product is vital, customers are more inclined to make purchasing decisions when they believe your product can ameliorate the unease stemming from these recurring pain points. For this reason, achieving success in business necessitates two key actions: identifying the pain points specific to your target customers and positioning your company as the definitive solution to these predicaments.
Response 2
While it's true that luck plays a part in success, there are several fundamental factors that significantly contribute to achieving one's goals. Vision, mission, talent, hard work, passion, and persistence are all crucial components in this journey. For instance, vision provides the foundation for entrepreneurship, mission gives purpose and direction to your projects, and persistence keeps you going when challenges arise. However, when asked to select the most important factor among these, I draw inspiration from the TV show "Alone." In this competition, the winner is the one who outlasts others in the harsh Alaskan climate. Contestants join for diverse reasons, from the allure of a substantial prize to the desire to set an example for their children through overcoming challenges. Those solely motivated by money often quit when the hardship outweighs the gain. Those who seek to be exemplars also eventually depart, recognizing alternative paths to inspire their children. The ultimate victor is the one who genuinely relishes solitude, and this lesson carries over into the pursuit of business success. A deep-seated passion for what you do forms the cornerstone, enabling unwavering dedication, hard work, and resilience in the face of setbacks, all because you couldn't imagine living your life any other way.
TOEFL: Academic Discussion Response relating to BUSINESS PRACTICE
best business investment (medium)
- employee productivity (hard)
- employee satisfaction (hard)
- employee retainment (medium)
- job perks vs more money (medium)
- photos on resumes (hard)
- personal email during work hours (easy)
- business travel (easy)
- junior employees mentoring senior employees (hard)
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