Elinor Ostrom Econ 490 fall 2017

   The fear of uncertainty is real. Since the beginning of senior year, that is about two months ago, there is no day I don't imagine what my life after graduation would be. I feel like the tension hit me most during the business career fair. It was only a few weeks after we resumed, and job deadlines were due or fast approaching. I heard my friends talk about how they already have Full-Time offers from companies they interned for this summer. I also heard other friends talk about the many upcoming interviews they had. At that point, I knew I had to quit slacking, get my resume ready, and start applying to jobs. I am still on the job search, but I believe I have come a long way from the first day of Senior year. I have grown from limiting my options of working in a consulting company to applying to different companies where I can contribute my analytical skills. Now, I would describe in the next few paragraphs how I have made decisions with the hope of it paying off..  ...

I was reading through my posts, and the different concepts that stuck out to me were transaction costs, team work, opportunism. I can see the pattern of working together with a team in most of them, and how organizational structure influences it. For example, the prompt about organization structure, and what makes a team successful is similar because they both helped me analyze my past experiences working with others. Although I did not give the same examples while writing the blog posts, it definitely helped me reflect on how organizational structure impacts the outcome of a successful team. In fact, reading chapter 5 of B&D has helped me easily identify that one of the factor that determines the success of a team structure is the number of people in the team, and how information is being passed and processed. Specifically, looking back at my post about organizational structure, I can spot some things I did not consider at first while writing the post. The organizational structu...

    In a school setting where one has the advantage of moving up the line, IlliniBucks might be extremely useful. There is a possibility of a high demand for IlliniBucks since there is no additional charge for receiving the allocation. Some factors to consider when determining exclusive access can be through merit-based and community involvement. The level of community involvement and merit-based can be joint that is allowing outstanding students with academic achievement, engagement, service and demonstrated leadership on campus have access to IlliniBucks. This way students are not only measured by their GPA, but their overall qualification.  It might also be unfair to put a class restriction because it encourages everyone to perform well regardless of whether they are freshmans or seniors. Candidates would be selected every year through nominations from students or faculty and staff members. This can be similar to the way they pick the senior 100 honorary students every...