Transformations, transitions, trans-morphing
We answer with a tip of a hat, nod or better “Mornin!“, “Afternoon!“, or “Evenin!” than “good morning“, “good afternoon“, or “good evening“.
How your money became my money and then, it was “poof” gone.
Once upon a time in the heart of Silicon Valley, there was a bank named Silicon Valley Bank (SVB) that primarily served the technology and innovation industry. As the tech industry evolved, there was a transition from traditional banking to a shift away from traditional financial products and services.
To adapt to this shift, SVB had to move towards a more specialized banking approach that met the unique needs of tech startups and companies. The bank maintained its focus on startups and their unique financial needs, increasing its lending and investment activities to provide better support.
As the tech industry continued to grow, SVB had to eliminate outdated practices and transform itself into a tech-savvy bank that catered to the needs of its clients. This led to an expansion of the bank’s services and the enhanced use of technology to better serve its customers.
The impact of the changes on SVB was significant, altering the way it sustained and managed its financial operations. There were fluctuations in the market, and the bank modified its strategies to stay afloat in the rapidly changing environment.
Over time, SVB converted from a traditional bank to a bank that focused on serving the tech industry, acquiring and refining its services to better meet the needs of its clients. The changes were gradual but perceptible, with sudden changes arising from time to time.
The bank’s change in focus and operations had a significant impact on its clients, as it provided the much-needed support and financial resources that enabled tech startups to grow and thrive. The change also altered the banking landscape in Silicon Valley, with other banks following SVB’s lead and shifting their focus to the tech industry.
In conclusion, SVB’s transition from a traditional bank to a specialized tech bank was a transformation that sustained the bank’s growth and relevance. The bank’s ability to adapt to the changing needs of the tech industry allowed it to thrive in a rapidly evolving environment, and it remains a crucial player in the Silicon Valley banking sector. Click on the link for the Vocab SVB
Explaining Transformations with Become and Get. They CAN have similar meanings, although not always. Since get has a lot more meanings.) Let’s start by explaining become.
Become is more formal and it means to change, transformation, evolution, growth… A noun can evolve into an adjective, such as sad, expert, knowledgeable. For instance: The orangutan became happy when it was set free in the jungle.
Or the noun can become another noun!! For instance: Mike became CEO in three months. Or My dad became the youngest grandad in the town.
Nonetheless, keep an eye out for GET. Get can be used instead of become, IF AND ONLY IF, it is combined with an ADJECTIVE.
Thus, we cannot say: ❌❌❌❌Sarah got the team leader. ❌❌❌❌
We can say: ✅✅✅✅Sarah became the team leader. ✅✅✅✅
✅✅✅✅We can say: The economy is quickly getting overheated. ✅✅✅✅The economy is quickly becoming overheated.
Create flow charts and use the transformation vocab to explain the different processes below.
- Create a flow chart that explains the circumstances that led to the Silicon Valley Bank bank run. Here is a link: https://www.youtube.com/watch?v=bM2ioYt40gM
- A bank run: A run on a bank occurs when a large number of depositors, fearing that their bank will be unable to repay their deposits in full and on time, simultaneously try to withdraw their funds immediately.
- Create a flow chart that explains the circumstances that led to the SVB bank run. Here is a link for you to use Silicon Valley Bank collapse: Here’s how it happened and why SVB failed https://www.euronews.com/next/2023/03/11/silicon-valley-bank-collapse-heres-how-and-why-it-happened
- Create a flow chart that explains the circumstances that led to population growth.
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