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Posts by huyphong
Joined: May 21, 2011
Last Post: May 23, 2011
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Posts: 2  

From: Ha Noi

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huyphong   
May 23, 2011
Essays / Replacement of USD as reserve currency in many countries (argumentative essay topic) [5]

You could find out further information on Fed and the history of the US's currency in The Creature from Jekyll Island (G. Edward Griffin).

As long as people believe in 'virtual' value of the USD issued by Fed, capital still flows into the US. The US's economy will blow up and go into thin air when this believe vanishes.

Finally, "Don't put all of your eggs into one basket".
huyphong   
May 22, 2011
Writing Feedback / TOEFL - I follow two steps; My approach to problem-solving? [5]

@ zailn: Your work is great. However, 'silly mistakes' is repetitive several times. Should it be paraphrased or cut off?
She adviced me >> advised
keypoints >> key points

I also would like to post here my experience on problem-solving:

I have studied approximately 60 subjects for 4 years of my university degree. After graduated, almost of them have gone away from my mind. However, it is worth me to go studying university because I have learned how to solve a problem here.

In order to solve a problem, we must identify its root causes first. For instance, if we are supposed to boost the declining sales of a retail outlet, we need to know why customers are keeping away from the store: whether it is located far away from the main roads, whether buying force is inadequate, or whether goods are positioned in an inappropriate way. That is worth to keep in mind: cause is the root, problem is a leaf.

There are numerous tools for us to identify the causes of a problem like fish-bone diagram, cause-effect chart or mind-map. However, users are more crucial than tools. Firstly, it is better for us to work in team rather than to work alone in order to explore brains of crowd as much as possible. Secondly, try to have brainstorm first, and do not reject or evaluate any idea at this stage. Finally, freely discuss and give unanimous conclusion.

The next step is to specify the cost and the procedure to carry out problem-solving actions. Many people, in fact, do not take cost and tangible risks into consideration, and fail as a consequence. For instance, we could save the great deal of money if we hire a machine in lieu of buying it for using only a short period of time. In addition, steps to actually solve the problem should be prioritized and scheduled into a procedure, which would help us avert from target confusion, overlap or redundant actions and so on.

Finally, if necessary and if any, we should ask for others' help. If you do not know anything about finance, it probably takes you much more time to study by your own than to ask for advice of a friend mastering at this field. Advices of outsiders are sometimes so critical that we would be never successful without them.
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