Business Field Experience - Essay Example

Dorman Products Inc. is a supplier of replacement parts for passenger cars, light trucks, and heavy trucks in the automotive aftermarket. (Dorman Products, Inc. 2015) 

Chronology of events
The presentation was done from 9:00 a.m. to 4:00 p.m. at their conference room, on the 6th floor of its building. The presentation was about its new investments, research and development and oil production and aims to invite investors in its new undertaking. I observed the meeting was highly organized as each guest was prompted to their designated seats.  They were attentive and courteous in raising questions after the speaker presented their topic.  Three presenters attended to the presentation. The first presenter tackled the overview, history of the company, its present financial position, and its prospects for future investments.  Second speaker talked about the scenario of oil production to be done by the company, and the third speaker discussed marketing programs and investments. For clearer view and understanding, presentation was done through PowerPoint. A moderator was assigned for the smooth flow of questions and answers

Objectives of the organization
The company aims to inform stakeholders about the Dornan’s new venture and encourage investors to invest on it, oil production. Target markets are investors and corporations who may wish to co-produce or invest on the company.

Facts discovered in the organization
Dorman Products, Inc. is entering a new kind of business field that is different from its present line of business.  It has undergone research and development study, and Dorman Products, Inc. believes they are now ready for oil production. . Dormant is a dealer of automotive parts for many years, and turning to be an oil producing company is new to the company.

Describing thoughts and feelings about the organization, and how does it tie into the content of the course.
Being a business student and a neophyte, the experience exposed me to real-life situations of how conferences and business presentations are done. My experience put to life all theories I have read in books.  I learned the process of how shifts in businesses structures are done.  I got curious in the investment side of the presentation as it gave me an idea how to do business, the attraction of a corporation, and gave me an idea of business expansion and risks that go into it.

Were you able to contribute to the event? If not, did you find that you wanted to speak or become involved?
No, I was not able to contribute to the event, given that as a student, I felt inferior in the presence of big investors who all came to know the investment prospects at hand.  I wanted to speak out my mind, and participate, but I felt my education and experience is not enough to match the big people in the conference, and was afraid to commit a mistake.

Did any problems arise during the event, and, if so, how were they solved? What were your reactions, and why do you think you reacted the way you did?
Yes, there were problems that arose during the event.  It was on the matter of income sharing of investors.   Investors would like to know who gets a bigger share in the profit. It was resolved when investors agreed on the prevailing stock exchange prices.  I didn’t have any reactions on that as investments on stock exchange is something new to me and it was the first time I have heard of it.

What was surprising to you about the organization/association/club? What did you like best about it? What would you do differently if you were in charge of it?
What surprised me about the organization is the desire of the company for expansion into oil production.  I like the proposal because it will add on value to the stocks of the investors and contribute to the overall profitability of the company.  However, if I were the one in charge, I will give it a second thought because oil prices today are dropping, and I would advise the Board to wait till prize stabilizes so as not to suffer losses.

What would you add to your reflection that is not covered in these questions.
I wanted to speak and ask about the risks and amount involved in this transaction. I have heard oil production needs a tremendous amount, and the presentation did not cover much on the topic. 

Write a concluding paragraph that gives closure to your thoughts