Module 6

Ryan Williams

February 21, 2015

Module 6

            What is free trade? Free trade is a policy in place in international markets where governments do not restrict any imports or exports. Basically, people can send or receive anything they want between countries as long as the product being imported or exported is not produced or created where the product is being imported. I think this is personally important for a few reasons. First off, if a country is producing something and selling it to within their country, then it would be kind of unfair if one of the customers of a company could just import the product from another country. The company producing the product could potentially lose a lot of their business which would be unfair since that company would have been there first.

            What skills and personality traits make a “new middler”? One skill a “new middler” will need is good collaboration. If you cannot work with someone, how are you ever supposed to get anything done? The better you are at collaborating with people, the more efficient you will become. You also need to be a good synthesizer, meaning you need to be good at bringing things together. You need to be a good “explainer”. If you can sell someone something, that’s great. If you can sell someone something but also explain to them what exactly it is doing and how it is helping them or their company, they will better understand why they need it. This could help with sales because the more they understand it, the more they see the reason why they need to buy it from you or use your business to do it for them. If things are changing in your job or things that have to do with your job, you need to be good at adapting to them. If you can’t adapt, then it will become harder and harder to work your job.

            What is CQ + PQ > IQ? CQ + PQ > IQ is basically a formula that says if someone is curious about something and has passion for something that they will be able to gather more knowledge about something compared to someone who just has a higher IQ level. This can be important for some reasons, and could possibly be more important in businesses. Say two people were to go to an interview for the same job. One person is really smart and has a high IQ, but is not very interested in the job. The other person may not be the smartest person around, but they are very curious about the job and their passion is learning to do whatever the job is requiring. What person would you pick? You would obviously go with the person who wants to do that job. This is what I think Friedman is talking about. You would rather have someone who wants to do the job rather than someone who is smarter.