Saturday, November 16, 2019
Psychology and Family Law Essay Example for Free
Psychology and Family Law Essay Introduction: The Rise in Divorce Rates.            Rasul began his paper on the economics of child custody with an observation and analysis of the American family. For him, the last thirty years had been witness to dramatic transformations involving the American family (Rasul, 2006, 1).            This dramatic change since the 1970s consists in the composition of American families. Where thirty years ago, more than half of the American families consisted of a father, mother, and child or children, today such composition only forms one in five families (Rasul, 2006, 1).            Such significant change is attributed to one factor alone, which is divorce. Rasul observes that the instances of divorce have risen dramatically over the years, such that it affects more than one million children every year (Rasul, 2006, 1). In the United Kingdom, another industrialized region, forty-one percent of marriages end up in divorce within fourteen years (Lamb, Sternberg, Thompson, 1997, 394).            While divorce rates also increased in industrialized countries other than the United States, and the divorce rates in the United States already reached a plateau, the fact remains that the United States Bureau of Census estimated in 1992 that more than forty percent of first marriages in the country is bound to end in divorce. Moreover, the relative decline in divorce rates is accompanied by an equivalent effect, which is the number of people cohabiting without marriage and nonmarital child bearing. These other arrangements cause the decline in divorce, but end in the same situation of a broken family. (Emery, Sbarra Grover, 2005, 22).            The increase in divorce rates can also be attributed to the certain developments since the 1970s, which include the growing tolerance of society for divorce. Moreover, society is no longer strictly insistent on the maintenance of stereotypical family arrangements (DErrico Elwork, 1991, 104). Changes in Family Law.            As a consequence of these dramatic changes, changes in the field of family law also occur. These changes can be found both in substantive and procedural law (DErrico Elwork, 1991, 104-105).            Substantive law has changed due to observations of the effects of restrictive and punitive laws on divorce. Thus, many jurisdictions already steered away from the rule that one of the spouses must have committed some transgression before they can be granted divorce. Now, the prevalent rule in most jurisdictions is in accordance with the â€Å"no-fault†doctrine. This doctrine allows married couples to file for divorce on the simple ground of â€Å"irreconcilable differences (DErrico Elwork, 1991, 104).†           Another change in substantive law and policy can be found in the gender-neutral stance taken by courts in cases of divorce. The past decades illustrated a bias, manifested in the assumption that mothers have more inherent capability to take care of their children. Today, such an assumption is no longer strongly held. Rather, courts are now showing neutrality in gender and the determination of a family law case now hinges on the consideration of the â€Å"best interests of the child (DErrico Elwork, 1991, 104-105).†           Another change in substantial law and policy is manifested in the observation that there is a growing predilection over self-determined divorce and child custody arrangements. This trend of change is largely attributable to the belief that divorce is a private matter that must be left amongst them to be resolved. This belief is a break away from the previous prevailing thought about the states interest in protecting the sanctity of marriage through the regulation of its dissolution (DErrico Elwork, 1991, 104).            These changes in substantive law on divorce and family law necessarily caused changes in the procedural aspect of the law. Thus, the increased ease by which couples could seek divorce and the option of individualizing post divorce arrangements heavily increased the dockets of courts with divorce cases. This led the courts to encourage divorcing couples to find other alternative means of resolving their issues (DErrico Elwork, 1991, 105).            There are also other factors that make alternative means of resolving family disputes and divorce issues more appealing. The lack of necessity for proving fault in a divorce action removed the need to adjudicate family issues. Moreover, the removal of the presumption in favor of the mothers capability to care for the child involved courts into making a determination about vague issues, such as love and care, which could be difficult to measure in a court setting. These factors all contributed to the growing popularity of other modes of dispute resolution, such as mediation (DErrico Elwork, 1991, 105). Divorce Mediation.            One such alternative mode of dispute resolution recently applied in family law is mediation. Thus, divorce mediation, under which process a neutral third party intervenes to help the couple settle their differences through negotiation, receives the most attention lately (DErrico Elwork, 1991, 105) especially among parents who wish to get divorced (Emery, Sbarra Grover, 2005, 22).            When applied to help couples arrive at self-determined arrangements on matters of divorce and child custody, mediation is believed to cause four benefits, namely, â€Å"(a) more satisfaction with the terms of agreements, (b) greater compliance with agreements, (c) less postdivorce conflict between ex-spouses, and (d) better postdivorce emotional adjustment (DErrico Elwork, 1991, 105).†           Indeed, mediation posed itself as a solution to the ever-increasing rates of divorce in the Untied States, as well as an alternative to ineffective and traditional methods of dispute settlement, such as litigation (Emery, Sbarra Grover, 2005, 22). Mediation is becoming the alternative method of dispute resolution of choice since it provides professional help to divorces, which have a high probability of getting acrimonious. Thus, there are only few couples that could manage to suffer a divorce in amicable terms. In a survey of two California counties, it was found that 24 percent of divorces therein required professional intervention, while 25 percent involved intense conflict (Emery, Sbarra Grover, 2005, 23).            Mediation is also popular among couples seeking divorce because unlike court action or litigation, it has the ability to facilitate administration of justice and reduce cost, specifically in terms of money and time. Moreover, adversary settlement procedures are now believed to cause problems involving post separation family relationships, arising from parental conflict and divorce. (Emery, Sbarra Grover, 2005, 23). Comparison of Divorce Mediation and Adversary Settlement.          It is not uncommon for mediation to get compared from other forms of dispute settlement, such as adversary settlement. In a study conducted by Emery, Sbarra and Grover, a comparison was made between mediation and adversary settlement through random assignment (2005, 25). They randomly approached families that were interested in contested custody hearing and offered them a mediation program as an eleventh hour settlement attempt (Emery, Sbarra Grover, 2005, 25).          This study yielded positive results with respect to the time of settlement of issues. Thus, the authors found that cases assigned to mediation were settled in half the time that settlement using adversary settlement occurred. On the other hand, there are other studies that conclude that mediation is better over adversary settlement in terms of cost, because the former is less expensive than the latter. In addition, it was observed that there is a â€Å"trend for greater compliance with child support orders among nonresidential parents who mediated†(Emery, Sbarra Grover, 2005, 27).          They also observed that there are more families coming from mediation that go back in order to update or change their existing arrangements. The authors view this in a positive light, saying that parenting plans should be viewed as living agreements that must be changed in accordance with corresponding changes in the stakeholders lives. Such changes are best made by going back to the mediation process (Emery, Sbarra Grover, 2005, 27).          In addition, Emery, Sbarra and Grover noticed in the follow-up sessions to their study that most of their subjects who belonged to the mediation group were more open to the idea or suggestion of changing their original agreements. They are also the ones who actually adjusted their arrangements more often than those subjects who belonged to the adversary system (Emery, Sbarra Grover, 2005, 28).          The authors noted that the willingness of the subjects to modify their original arrangements, coupled with the actual facts of modification, is a positive finding. Aside from the fact that the changes had been far from chaotic, they prove that parents who underwent mediation had become more flexible in accommodating changes that are important in the lives of their children and their own (Emery, Sbarra Grover, 2005, 28).          The authors also looked into another factor to compare mediation with the adversary process. This factor is party satisfaction. They noted that each kind of method of dispute settlement has certain strengths. For example, the adversary systems known strength is that it ensures that the rights of both parties are protected. On the other hand, mediation is known for being more understanding of the feelings of the parties involved (Emery, Sbarra Grover, 2005, 28).          However, this main difference, which had looked so glaring before study, disappeared in view of the results that showed that mediation consistently got high rates of party satisfaction over the adversary system, even if the assessment was based on the criterion that is known for being the strength of such system. More importantly, the authors observed that such high rate of party satisfaction remains relatively unchanged among different time durations. Thus, a party may be satisfied with mediation six weeks after mediation, but surprisingly, parties remain satisfied even after a period of more than a year (Emery, Sbarra Grover, 2005, 28). Important Elements of Mediation.          Mediation remains on the top of the list of effective methods of dispute settlement, especially in divorce rates, because it boasts of certain elements that ensure the process’ success. One such element is its capability of enlisting the cooperation of parents in order to take the long view, and consider the best interests of their children in the future (Emery, Sbarra Grover, 2005, 32).          Considering that divorce cases often involve high conflict, open hostility, and tension, it is difficult to call upon parents to cooperate with each other. However, mediation allows parents to take a look at the future of their relationship, maybe not as a couple, but as permanent parents (Emery, Sbarra Grover, 2005, 32).          Mediation is also effective in educating divorcing parents and couples about emotions. These emotions involve not only those felt by the couple involved, but more importantly, those of their child or children. There are several techniques by which the goal of emotional education can be achieved, but one effective way is through the mediator’s reflection of a child’s possible emotional reactions to the crisis situation using his self as a medium. For example, the mediator could say how uncomfortable and scary an experience becomes when the couple starts fighting each other. Thus, mediation allows parents to realize that their bickering actually affects the emotions of people around them, and thereby stop thinking about themselves. It is apparent therefore that mediation does not necessarily provide therapy for the emotional problems of the parties, but it allows them to understand the feelings and emotions involved in order to help them control such emotions in the best possible way and, in the process, achieve a good plan for the family (Emery, Sbarra Grover, 2005, 33).          Finally, mediation is an effective process because it helps parties avoid treating each other as adversaries. A business-like approach such as the one commonly used in mediation allows the parties to approach issues in a distant and less emotional state. Moreover, not treating each other as adversaries avoids the road to strained relationships that only cause the wounds of the divorce to get worse (Emery, Sbarra Grover, 2005, 34). Effects of Divorce on Children            The trend in favor of divorce and single parenthood in industrialized countries has raised concerns about the effects of such family arrangements to children involved. Unfortunately for children, divorce often leads to negative immediate effects, such as serious emotional and psychological disturbance. Considering that psychological symptoms such as emotional disturbance, loneliness, depression, anger, helplessness, and many others are common among the parents or couples involved, it should be expected that such negative effects would be experienced more severely by the children trapped inside the crisis (Lamb, Sternberg, Thompson, 1997, 394).            It is worth noting that the difficulty of children in dealing with their parents’ divorce is aggravated by the fact that the parents involved in the crisis are often too preoccupied with their personal emotions such that they fail to give much-needed support to their children. Worse, these parents often fall in the temptation to make too much demand that worsen the situation for their children (Lamb, Sternberg, Thompson, 1997, 395).            Another problem common to children in divorce situations is the economic problem brought about by the need to maintain two separate residences, and the common situation of mothers who are more economically-challenged than the fathers. However, such situation is avoided or minimized in cases where the parents resolve their conflicts and work out a way of providing for the educational, emotional, and economic needs of their children (Lamb, Sternberg, Thompson, 1997, 395-396). Conclusion.            Divorce and single parenting is increasingly becoming common in industrialized regions such as the United States and the United Kingdom. This trend is caused by several factors and, in turn, causes several issues, practices, and concerns in many different levels, such as the family, children, substantive and procedural law, and alternative dispute resolution mechanisms (Rasul, 2006, 1; DErrico Elwork, 1991, 104).            Divorce causes deleterious effects on the parties. However, the negative impact of divorce is more squarely felt by the affected children who, in their tender age, are forced into adjusting and coping with the emotional stress and burden necessitated by divorce proceedings (Lamb, Sternberg, Thompson, 1997, 394).            Such hardships could be minimized by different factors, such as cooperation between parents in providing emotional, economic and educational support to their children. Parents also have the option of minimizing or totally avoiding antagonism and hostility in the divorce proceedings by choosing to undergo mediation rather than court litigation. Indeed, mediation provides many advantages and avoids the stress involved in court action (Emery, Sbarra Grover, 2005, 22). References DErrico, M. G. Elwork, A. (1991). Are Self-Determined Divorce and Child Custody   Agreements Really Better? Family and Conciliation Courts Review 29(2), 104-  113. Emery, R. E., Sbarra, D. Grover, T. (2005). Divorce Mediation: Research and Reflections. Family Court Review 43(1), 22-37. Lamb, M. E., Sternberg, K. J., Thompson, R. A. (1997). The Effects of Divorce and  Custody Arrangements on Childrens Behavior, Development, and Adjustment.     Family and Conciliation Courts Review 35(4), 393-404. Rasul, I. (2006). The Economics of Child Custody. Economica 73, 1-25.
Thursday, November 14, 2019
The Open Boat Essay -- Literary Analysis, Stephen Crane
â€Å"When it came night, the white waves passed to and fro in the moonlight, and the wind brought the sound of the great sea’s voice to the men on the shore, and they felt they could then be interpreters†(Crane 370). â€Å"The Open Boat,†written by Stephen Crane, describes the journey of four men stranded in a dinghy in the middle of the ocean and the hardships that had to be faced in order to survive. This story is not only a riveting story, keeping readers on the edge of their seat, but the story also makes the reader realize how precious life truly is. Sometimes people have a tendency to take life as a grain of salt and do not think about the realization that life can be taken away within the blink of an eye. As in â€Å"The Open Boat,†the crew members learned they could not survive alone, and their only option was to work together as a team. We need to have that same perspective toward our everyday life when we, or someone we see, are struggling. The Captain is a major character in the story, and his character holds the other crew members heads up keeping them motivated during times of distress. He was the captain on the original boat, but after the boat sank, he become injured and could not physically participate in keeping the dinghy afloat. In the beginning, the captain feels that he has lost his sense of direction due to not being used to letting others take charge. Without his sense of authority intact, he feels disconnected from the world, and his spirit becomes dismantled. However, since he was not able to contribute in the way he preferred, he led the way by giving specific instructions to the other characters in order to keep the dinghy afloat. Every member on the boat follows his directions. He commands very respectably. This... ...ibing two different qualities that is being used together in the same statement. In summary, â€Å"The Open Boat†is a highly intriguing story that can not only be read for pure enjoyment, but it also has a moral to the story. No matter where someone comes from in life, whether someone is the richest or the poorest person on Earth, he or she should always make sure to make it a point to look out for someone and have their back when they are struggling. By looking out for each other, just as they did in â€Å"The Open Boat,†they created strong everlasting friendships. If someone is being looked out for by someone else, then that person will make a point to return the favor as well. Life is just like the ocean. We might have our ups and our downs, but life never changes. The only thing that will affect the outcome of our lives is the perspective that we put toward our life.
Monday, November 11, 2019
Innovation Report for Bajaj
1. A critical review of its overall business strategy. (15%) Introduction of the company The group was founded in 1926, from the height of the British independent movement in India has a glorious history. Bajaj Group is one of the top 10 commercial establishments in India. Its footprint across a wide range of industry sectors, including automobiles (two-wheelers and three-wheelers). The Group's flagship company, Bajaj Auto, is listed as the world's fourth largest two-and three-wheeled motorcycle manufacturer Bajaj brand is well-known in several countries of Latin America, Africa, Middle East, South Asia and Southeast Asia. ttp://www. bajajauto. com/bajaj_corporate. asp * Company profile, (vision ,mission, brief history) Vision and Mission Statement Bajaj line of, vision and mission statement they defined its brand essence and brand value. The corporate brand is the visual expression of their own thoughts and actions convey their intent to continue to inspire confidence. The essence o f their brand, the brand is the soul of the enterprise. They are doing their own brand value, its value learning, innovation, perfection, speed and transparency. ValueLearning Learning is to how Bajaj ensure positive. This is a value; it contains a knowledge platform for building a moderately prosperous notice, reasonable and decisive action. Innovation Innovation is how Bajaj creating the future. This is a value, triggering significant beyond the pursuit of more than ordinary. Perfect Perfection Perfect is how Bajaj Jishu Li new standard. This is a value to show our determination, Excel, and efforts to establish a new benchmark, all the time. Speed Speed how Bajaj convey the clear conviction.This is a value; significant response reflects our commitment to our goals and process. Transparency Transparency is how Bajaj characteristics. It is a value worth through the credibility of integrity, trust sensitivity and loyalty through interdependence. http://corporatemissions. blogspot. s g/2007/10/bajaj-auto. html A Brief History – Integrity, dedication, resourcefulness and determination to succeed, today is the characteristics of the group, often be traced back to its birth in those days the tireless dedication to a common cause.Jamnalal Bajaj, founder of the Group, is a close friend and disciple of Mahatma Gandhi. In fact, Gandhi had by him and his son. This close relationship, deeply involved in his independence movement did not leave Jamnalal Bajaj too much time is spent in his new commercial enterprise. In 1942, his son, Kamalnayan Bajaj, then 27, took over the business rule. He is too close to Gandhi's independence in 1947, his business is able to give his full attention. Kamalnayan Bajaj not only consolidated the Group, but also extended to a variety of production activities.The Rahul Erbaguji, Chairman of the Group, is responsible for the business in 1965. Under his leadership, the turnover of the Bajaj Auto's flagship company from INR. 72 million INR . 120 billion, its expanding product portfolio and brand to find a global market. He is one of India's most distinguished business leaders, his business acumen and entrepreneurial spirit to be respected and internationally. * Company current business situation of the company. as per the above chart company financial position is mush stable and in a strong shoes of profitability. ompany is growing and developing back to back year by year. that's the reason behind it; it started recognizing as India's top two wheeler company and even company started globalizing very fast, it started creating footprints all over the world. before these last three years company face few number of looses that's the reason because of international crises. one of the another reason for these good business is its most challenging innovative products and its products demand in the market, today customers wait for the innovative product of the company. Current product/technology/process/patent that the compan y is having. Product- Currently Bajaj auto deals in both two wheelers and three wheelers vehicles. Technology Take a long time, use DTSI technology; Bajaj introduced the three Terry Poole SPRAK plug technology spark plug in the part-load conditions for better fuel efficiency, provide unprecedented performance and efficiency – and best combustion, and to ensure low emissions. Process Technology, this new status symbol Change a new, vibrant Bajaj Auto Is in close contact with customers, and believe in Speed nd innovation, to create excitement Through its products, focus on transparency. It is an identity, is to inspire confidence. It represents a new India Company. Patent Patent is in the two-wheeler sector product quality, technology up-gradation, customer service, changing environment http://www. universityessays. com/example-essays/english-language/the-bajaj-auto. php http://www. universityessays. com/example-essays/english-language/the-bajaj-auto. php#ixzz2Dn3XEfa3 * Curre nt industry (what is happening that can affect the business.Bajaj Auto introduced a new graphics engine as promised Bajaj India has launched the new 2012 models pulsars in January 2012. It was named â€Å"pulsar 200ns of. It is cooled by the liquid 200cc engine of 23. 17 horsepower at 8000 rpm at 9500rpm for a maximum torque of 18. 3 nm. However, it is expected that Bajaj pulsar line to rise. The face-lift is very necessary, because the pulsar was launched nearly a decade ago. Anyway, 200ns pulsar is a new product; new exhaust layout is now below 200 Duke Engine. The pulsar 200ns new styling and technology.It has a new design alloy wheels, instrument panel, fuel tank and the side of the spoon. http://autos. maxabout. com/bikes/bajaj/pulsar-2008/pulsar-200 2. Why is it necessary for them to employ innovation into the company (20%) (Application of theory from your lectures is required. ) Your analysis on innovation will focus on any of the following within the MNC(select min 2 theori es) You are expected to link /incorporate theories into the focus areas that you write. You are required to identify what is the issue that drives them to innovation.Thus you need to write on drivers to innovation. * Materials technology DTSI technology DTS-Fi wireless network connection and DTS-SI engine technology mother is very fuel-efficient. Engine technology also helps to reduce emissions and keep the environment clean and green. Technical innovations include new products and processes, product and process technology changes. If it has been on the market an innovation (product innovation) has been implemented. For example: – Bajaj Pulsar 200 NS bike next technological innovation known as pulsars, it is found these days in Mumbai.Reveal of technology innovation Bajaj car in the pulsar 2001 season and release pulsar in the last edition of the 2009 season. The organization also proposed that all release occurred in the pulsar motorcycle. The pulsar 200 NS is a 4-valve pres sure stage of technological innovation curiosity multiple technical innovation, providing better gas range and efficiency of the results. NS bare game. DTSI technology- Patented technologies pulsar follow road, the R & D lab bike competition.In the Automotive industry, driven technology innovation in different parts of the vehicle, and this trend will continue to be observed in all the major areas such as chassis, powertrain, electronics and security, among others. Such technical developments will occur not just in these areas, the arrival of new modular assembly techniques will transform the court systems and methods together. http://www. anticiv. info/tag/technological-innovation/ http://stats. oecd. org/glossary/detail. asp? ID=2688 http://www. efytimes. com/e1/fullnews. asp? edid=16466 * Factory process controlProcess innovation is the implementation of a new or significantly improved production or delivery method (including significant changes in technology, equipment and / or software) small changes or improvements to increase the capacity of production or service through increased production or logistics systemis very similar to those already in use, stop using it not be seen as a process, simple capital replacement or extension, change purely from changes in the prices of the factors of production, customization, regular seasonal and cyclical nature of the change, the new trading or significantly improved product innovation. http://www. innoviscop. com/en/definitions/process-innovation For example: – Bajaj Auto â€Å"Total Productive Maintenance†as a means to create a safe and participative work environment, the goal is to eliminate the loss of all employees, to continue to enhance the capacity, flexibility, reliability and ability to process, resulting higher staff morale to improve the profitability of the organization. The re-design of the processes, manufacturing approach was changed towards Lean Manufacturing (in lines of Toyota Pro duction System). Moving Towards lean production Changes in the results and focus – * Retain professional and critical process of internal and outsource the rest. * Multi-model assembly line and off-line settings. * Flexible machining centers – quick-change modules and tools. * One-way flow of plant layout. Lean production plants in the chakan plant * Process quality assurance (testing). * Quality Assurance SPC error proofing. * Rationalization of suppliers – to consolidate in the first-tier suppliers. * Direct line supply on the basis of pull systems (kanban). * Non-store materials and products promising. Multi-skilled labor, self-monitoring and self-certification. TPM (Total Productivity Management), a Japanese methodology a SPC (Statistical process Control), manufacturing operation. http://www. scribd. com/doc/22572622/Bajaj-Auto * MarketingDesign A closer look shows that about 40% of the R & D expenditures original equipment manufacturers and suppliers of all investments into innovation, never let the bike or never produced in sufficient quantities, due to the lack of market acceptance. Remaining 60% to 20% of necessary serial development.Another 20% is to fulfill the law of innovation, but does not add to the unique nature of the product. Under normal circumstances, these innovations do not pay off. This makes 20% of the profitable innovation investment, leaving only a small. More and more technology intense fighting in the sweet spot. Moment only about 10% of the development of automotive technology has the potential to become a blockbuster innovation. These technologies combine the two most relevant categories: the first category, the market potential is huge, including the purpose of the function, customer recognition, compliance and price level.Other classes, the high degree of innovation, the establishment of the technical differences in the market, better protection of intellectual property rights, high profits and long-term harv est. http://www. oliverwyman. com/pdf_files/CarInnovation2015_engl. pdf http://www. oliverwyman. com/pdf_files/CarInnovation2015_engl. pdf 3. What are the challenges when deployment of this innovation? (20%) Define the type of innovation use and how have they been deployed. Product innovation and challenges Write on the challenges encountered by the company when they introduced innovation. How are they overcome.What is the success todate? Compare with the previous before innovation. Support with evidence. Occupy wheeler market in India three years later, at the end of 1999, BAL consumer preferences change from the four-stroke motorcycles, motorcycle engines and forecast that this trend will continue in a higher scale. Motorcycle Sales in 2001 decreased by 41%, which is a real threat to the existence of BAL. A new set of emission standards (equivalent to Euro II emission standards) into force in 2000 two-stroke gasoline engine. Therefore, the scooters out of favor with the two-stroke engine.Applying the modified model proposed above, Bajaj Auto was losing market share due to change in consumer preferences, development of new market segments, and the availability of better products and scooters manufactured by their competitors. In the first step, the President of company Rahul Bajaj which is a change agent also identified the need for change suggested by Kurt Lewin, the current situation of making AIR hired conscious problems, a performance gap and the need for change. At the same time, he was commissioned and provided new leadership roles to the younger generation such as Rajiv Bajaj (Managing Director).In an attempt to regain market share, the company increased its production by 67. 6% in 2001 as a production motorcycle GEARED scooters fell by 44%. By 2001, the company was making as many as motorcycle gear Couple of Challenges Bajaj auto faces in between the ongoing process of innovation like lake of finance, public demand etc. The biggest challenge Bajaj aut o faces is to introduce new face product in the market for which Bajaj auto is not recognized in the market, problem was hesitating will customer like the innovation or not.The second thing making barriers in doing innovation is searching for knowledge employees. Bajaj find very difficult in searching for well skilled labor and even in molding the resident employees in the changing and innovating procedure in introducing new product. Because the stage was very crucialfor company when they started applying innovation even competitors was very aggregative in doing the same so company was left with no other option then creating successful innovation. Played an important role in the success of this phase of the leadership qualities change agent change.Change agent in the chair, the current market environment analysis and to identify the importance of change, in order to maintain market share and bring success on the road to pull Hu Erbaguji, who is our mission. He figured out in differe nt areas, such as the implementation of paragraph cruise segment, the high-end market, the best, etc. He also introduced into the company of young people, to give them more power to create customer surveys and general production requirements the idea is very important in a highly competitive market.Time and again, the 500 R and huge after the siege. Bajaj Auto Limited's portfolio, this change, these changes in a very short time after launched a new version of the motorcycle in every aspect, as part of the implementation of the â€Å"Boxer†and â€Å"character†, â€Å"the destroyer cruise segment ‘push', ‘the Avengers' and' found in the high-end market, the motorcycle industry in India, which is a huge success. This shift public by Bajaj scooter motorcycle thinking stereotype, especially the new generation, who are looking for more performance and stylish bike caused a huge impact.The turning point in this process of change is the introduction of the produc t, ‘Knock' and ‘DTSI technology, to help them capture their names under the two-wheeler market, and victory over their rivals Hero Honda. ‘ In June 2006, the company announced its plans to increase the production capacity from 3. 5 million units in 2009 to 5. 1 million units a year, of which two-wheelers is 4. 6 million units of capacity. According to their plan, they recently launched 220cc variant of its popular pulsar motorcycle. 004 Bajaj Auto to change their old identity and create a new logo and brand line, in order to update its new brand identity. This proved something of a visual help to clarify the organization needs to move in the direction (Cote, 2007). These visions and their achievements, the stability of the organization in a new state of equilibrium. http://www. ukessays. com/essays/india/bajaj-auto-limited. php 4. Evaluate Business Success (40%) Compare the before implementation ( market share/position/revenue/process/structure/strategies†¦ et c) to today’s outcome.Contrast them in terms of your writing ( theories you apply). Product innovation DTSi technology DTS-I A patented technology, achieved the pulsar follow road, the R & D lab bike competition. In the heart of each pulsar is one of the country's most advanced engine technology. DTS-i system. A technological marvel to ensure the highest performance, lowest consumption and emission levels possible. We will be happy to let a Pulsar maniac like you to know this breakthrough technology behind the secret of the pulsar. DTS-i engine Dual-spark ignition Normal ignition system has a single spark plug.Spark-generated flame front will take some time to reach the entire combustion chamber. Therefore, the combustion of the air – fuel mixture is slow and incomplete. The case of two spark plugs, both spark plugs fire simultaneously. This simultaneous firing and eddy current, in the complete combustion of the air – fuel mixture results. This action is the DTS -i digital control system (dual spark plug Smart CDI, TRICS III) Interests -Complete combustion of the air – fuel mixture without sacrificing mileage output case, gives the maximum power. To ensure that the emissions of environmentally friendlyDTS-i engine TRICS III Power and torque requirements constantly change, depending on the rider cruising, acceleration or high speed / maximum speed. The throttle response ignition control system – III is an intelligent system that can quickly adapt to the ignition time, in order to adapt to different riding characteristics. Interests: TRICS III will help to achieve a good balance between the low-to mid-range torque and top-end power. This helps to easily ride in different conditions, such as flyovers, hilly terrain, dense traffic and highway cruising The TRICS III patent Bajaj Motors LimitedDTS-i engine Intelligent C. D. I. Intelligent capacitor discharge ignition contains a microprocessor, which continuously sensing a different speed and the engine load, and by changing the ignition timing in response. The memory of the microprocessor together work with TRICSIII system, provide optimum ignition timing for any given engine speed, thereby obtaining the best combustion performance. Interests: Improve fuel efficiency and reduce engine noise and vibration, smoother power delivery. Bajaj Auto's patent Smart CDI DTS-i engine EXHAUSTECExhaust is a device that is registered in the exhaust system. TEC representative of torque expansion chamber. It is fitted into a tuning box (resonators) of the exhaust manifold The low speed area, ExhaustTEC helps to create a negative pressure pulse (vacuum) of the exhaust valve to suck the air – fuel mixture into the more the intake valve opening the cylinder. Interests: ExhaustTEC produce high torque. Does not require frequent shifting of flow, as the vehicle, even in the lower speed higher gear pull capability. ExhaustTEC patented by Bajaj Auto Ltd. 4 VALVESThe combustion chamber has 1/3 of the area covered by the valve head of a typical 2-valve engine, but an increase of more than 50% 4-valve head region. Also improved due to the flow passage area of the intake port and an exhaust valve port / channel. This is conducive to the induction of more the amount of charge (air – fuel mixture), and all the combustion gas of the combustion chamber is evacuated to ensure faster, cleaner and more efficient combustion. This engine has two intake and 2 1, 2-valve engine into a gas and the exhaust valve of the exhaust valve.These valves are small compared to the 2-valve engine, light weight. 4 valves (two intake and two exhaust valves), to improve the breathing method – the engine's intake and exhaust process†¦ PULSAR CLASSIC 2000 – 2001 October 2001 The nineties witnessed ‘and' generation was born. Work hard and party hard, Western and Indian values. The calm young Indians, masculine, stylish, well-deserved different. But they get a 100cc commuter bike. Changedforever in 2001. The first generation of pulsar is a huge success. It is not only the introduction of a new motorcycle, but also to create a new dimension – performance.When the family to discuss mileage, pulsar riders start talking about torque, rebound power – weight ratio. With pulsars, the bike no longer just a means of transport, rather than the person with the machine between the relationships began to be forged. Pulsar launch two variants, 150 ml and 180 ml, is indeed the man†PULSAR UG1 2002 – 2003 October 2003 Since the time of its launch pulsar ruled the heart of this country has been the rule of the road, and its first upgrade. Sold more than three times higher than competitive cycling, the pulsar is a rapidly bad boy on the block.Revolutionary DTS-i technology, introduced in the the excessive competition pulsar bike, it still has a clear competitive advantage. DTS-I's advertising campaign, along with the launch of this generation pulsar also redefined the Indian motorcycle ad – This is the first bike ads show one wheel off the ground bike – irreverent image pulsar was born. Increase power to 16 and 13 PS 180 and 150, respectively. PULSAR UG2 2004 – 2005 November 2004 Each pulsar upgrade two aspects – styling and technology. Significant change at the same time, each time re-defined section.The game continuously toes try to keep at least just to keep behind the pulsar pulsarpulsar madman ahead. The UG2 many technology upgrades, launched during this period until the date of the pulsar, and a standard in the industry – 17 â€Å"alloy wheels, allowing greater suspension travel, nitrogen oxide suspension and the legendary ExhausTEC. In shape on the wider rear tire, tire environmentalists and all black cast Pulsar180. Improve the power of the 180 and 150, respectively, in 16. 5 and 13. 5 PS†¦ PULSAR UG3 2006 October 2006 Pulsar road in 2006, crossed the one million mark, many pulsar madman.Pulsar is no longer just a bike, which is a youth brand, and market leader in the field of sports, with a 50% market share, and that is to keep to the date. Our leadership, through hard work and toil Bajaj Auto Team – UG3 number of the largest total upgrade, ushered in the digital age. This is the first time, digital odometer, backlight switch, self-cancel indicators, and LED taillights introduced. Multiple sensors and digital mixer bike rider's overall performance, a lot of information, and promote additional power, to pulsars thrown confidence. The increased power of 14 PS 150 PULSAR200 DTS-I PULSAR220 DTS-FI 2007 – 2008February 2007 India's first bike to break 200 ml obstacles on the road – Pulsar 200 and 220. Change and Pulsar bike in India once again lead this revolution. Although 200CC is equipped with a carburettor, 220cc fuel injected! These babies might throw downs power of 18 and 20 ps, and blatantly oil cooler. 220 al so have front and rear disc brake. PULSAR UG4 2009 May 2009 On Road 2,000,000 pulsar delivered in three years, more than 3 million of the total number of pulsars India. This time to the sports field is also extended to the more than 15 brands from all the major manufacturers, such as Honda, Yamaha, Hero Honda, TVS.The segment accounted for about 17% of the total motorcycle sales, pulsar, its 50% market share, it still maintained a half contribution. 150 the clip-handle and 15Ps of power in February 2010. January 2010 Looking for the legendary 200 customers and the general public needs Pulsar220 also launched a deep-rooted in the minds of a Street Fighter avatar. The fastest growing segment in the motorcycle industry, 50% of the market share, more than 4 million of the pulsar is sold. Exports to over 30 countries, the pulsar is by far the biggest brands in the Indian motorcycle and eyes hegemony in the world soon. ttp://mypulsar. com/technology. aspx http://mypulsar. com/history. asp x Process Innovation Model in the late 1990s, the early 2000s – will lean production * economic situation, development through liberalization * Fierce competition. * Improve the customer's wishes – More models and upgrades. Third level * 110% of the to do the project in the late 1990s, Bajaj Auto Lean Manufacturing at Chakan Plant * Re-design process, manufacturing methods, and change to * lean production (Toyota Production System) line. * TPM (Total Productive Management), Japan's methods and SPC (statistical process control) manufacturing operations. Moving towards Lean Manufacturing * The result of the change and focus – * Retention of professional and critical process of internal and outsource the rest. * Set more model assembly line and off line. * Flexible machining centres – quick-change modules and tools. * The plant layout * The single one-way flow. Lean Manufacturing at Chakan Plant * The process of quality assurance (testing). * By SPC error pr oofing quality assurance. * Rationalization of suppliers – to consolidate in a supplier. * Directly online supply based on pull systems (kanban). Of shops promising material and products. * Multi-skilledlabor force, self-monitoring and self-certification. Towards lean manufacturing – a huge change * This is a huge change. * Bajaj car driving through the railway's new factory. * (About 20 km away from Pune plant) * A small number of major suppliers of railway factory. * Improve our near these plants, which gives a good advantage. Lean Manufacturing at Chakan Plant * The project 110% was supported by Project 110% IT. * Bajaj Auto implemented SAP ERP. * Towards lean manufacturing – IT support * supply chain processes MRP planning schedule * Schedule SAP portal vendors visibility. * that is based on daily necessities supply lines consumption. * The introduction of the E-Kanban. †* supplies sequencing the paint shop, assembly line production schedule synchroni zation. * JIT supply (our request) the major suppliers – * Components and sub-assemblies in accordance with JIT requirements * Supply, in 2-4 hours’ time interval. Towards Lean Manufacturing – Electronic Kanban * material supply and service revenue * Create on the the electronic billboards line the consumption in the system. Suppliers establish open E-Kanban quantity invoice. * verify invoice after upload to our SAP system * The use of Internet-based EDI. * Unique ASN (advanced shipping notice), each power supply. * EDI numbers is what we call * Then printed on the invoice number of bar code EDI. * Forwarded by scanning EDI No. materials in plants * The creation of genetic resources without the need for manual data entry. Towards lean manufacturing – * Hair this lean supply process results. * productivity per employee – Vehicles – increase10 ten * Component inventory – reducing the stock of the week and a half shift. finished goods in ventory – to reduce the stock of one to three days * Quality improvements – Improved 20000 PPM
Saturday, November 9, 2019
Somparison between watching movies at home or at the cinema Essay
Naturally, humans always like to amuse themselves whenever they get bored, but the way of amusement differ from one time to another. Nowadays movies have become one of the major way of entertainment especially for families and friends. For me movies are bigger than that, in fact they inspire us and can really touch our feelings, also they can redefine our way of thinking. However, when watching a movie at home is it like watching the same movie but in the movie theater. We always seek for the best and now I started to wonder which one is the best when watching a movie, TV which is at home or the nice and big screen in the cinema. Although they bear some superficial similarities, the differences between watching a movie at home and watching a move at the theater are clear. If the best was watching the movie at home, would it be the right choice despite the big screen of the movie theater. Actually watching a movie at home do have many things that cinema do not have. For example, when we watch a movie at home we totally have 100% privacy, so that we can discuss things we like or did not understand while watching the movie, also we can wear any cloths that make us comfortable such as pajamas or frumpy cloths. In addition to that, we are not subject to any rules or guidance that we should obey or follow, basically we have the right to do anything we want such as pause the movie for a while, rewind to play something we liked again or even forward the movie so we can skip any part in the movie we did not like. On the other hand, watching a movie at home could be somehow disturbing, especially from the family members, as a result we cannot enjoy the movie in a nice and quiet atmosphere. Moreover there are always something going on at home, we really cannot expect what will happened during watching a movie so that could destroy our sense of excitement or even ruin the movie. If we choose to watch the movie at the cinema, it is true we will not have the privacy, nevertheless we will feel the hanger to watch the movie while we are surrounded by other people who also came to sheer us that feeling. Cinemas always have higher quality than homes because they have bigger screen and better and suitabl e voice quality for everyone. Also movie theater provide nice and comfortable cheers so we can enjoy watching the movie while we are relaxing in comfortable seats. Furthermore, we will have the quiet and nighty atmosphere and we won’t be worrying about disturbing from others while we are watching. In fact when we grab our family or our friends to watch a movie at the cinema, this could be a good and memorable experience. However cinemas do have some disadvantages such as going to the cinema could be more expensive than watching the movie at home, we may not like to sit next to stringers and even we maybe have to be aware of them. Also we have to follow the rules, sit appropriately and one of the rules of the cinema is that we are prohibited to scream or loudly laugh so we have to be quiet , all those things could be a little bet annoying. In my opinion, watching a movie is always excitement despite the place we watch the movie in. actually, it is one way for us to know and understand other cultures. But as a matter of fact I would like to experience watching a movie in a cinema while hanging out with my friends. So the real question i s, where do you prefer to watch a movie at home or at the cinema? The decision is to be made by you. For instance when the decision is made just do not hesitate and hope it will be the best choice for you.
Thursday, November 7, 2019
What Fail to Reject Means in a Hypothesis Test
What 'Fail to Reject' Means in a Hypothesis Test In statistics, scientists can perform a number of different significance tests to determine if there is a relationship between two phenomena. One of the first they usually perform is a null hypothesis test. In short, the null hypothesis states that there is no meaningful relationship between two measured phenomena. After a performing a test, scientists can: Reject the null hypothesis (meaning there is a definite, consequential relationship between the two phenomena), or Fail to reject the null hypothesis (meaning the test has not identified a consequential relationship between the two phenomena) Key Takeaways: The Null Hypothesis In a test of significance, the null hypothesis states that there is no meaningful relationship between two measured phenomena. By comparing the null hypothesis to an alternative hypothesis, scientists can either reject or fail to reject the null hypothesis. The null hypothesis cannot be positively proven. Rather, all that scientists can determine from a test of significance is that the evidence collected does or does not disprove the null hypothesis. It is important to note that a failure to reject does not mean that the null hypothesis is true- only that the test did not prove it to be false. In some cases, depending on the experiment, a relationship may exist between two phenomena that is not identified by the experiment. In such cases, new experiments must be designed to rule out alternative hypotheses. Null vs. Alternative Hypothesis The null hypothesis is considered the default in a scientific experiment. In contrast, an alternative hypothesis is one that claims that there is a meaningful relationship between two phenomena. These two competing hypotheses can be compared by performing a statistical hypothesis test, which determines whether there is a statistically significant relationship between the data. For example, scientists studying the water quality of a stream may wish to determine whether a certain chemical affects the acidity of the water. The null hypothesis- that the chemical has no effect on the water quality- can be tested by measuring the pH level of two water samples, one of which contains some of the chemical and one of which has been left untouched. If the sample with the added chemical is measurably more or less acidic- as determined through statistical analysis- it is a reason to reject the null hypothesis. If the samples acidity is unchanged, it is a reason to not reject the null hypothesis. When scientists design experiments, they attempt to find evidence for the alternative hypothesis. They do not try to prove that the null hypothesis is true. The null hypothesis is assumed to be an accurate statement until contrary evidence proves otherwise. As a result, a test of significance does not produce any evidence pertaining to the truth of the null hypothesis. Failing to Reject vs. Accept In an experiment, the null hypothesis and the alternative hypothesis should be carefully formulated such that one and only one of these statements is true. If the collected data supports the alternative hypothesis, then the null hypothesis can be rejected as false. However, if the data does not support the alternative hypothesis, this does not mean that the null hypothesis is true. All it means is that the null hypothesis has not been disproven- hence the term failure to reject. A failure to reject a hypothesis should not be confused with acceptance. In mathematics, negations are typically formed by simply placing the word â€Å"not†in the correct place. Using this convention, tests of significance allow scientists to either reject or not reject the null hypothesis. It sometimes takes a moment to realize that â€Å"not rejecting†is not the same as accepting. Null Hypothesis Example In many ways, the philosophy behind a test of significance is similar to that of a trial. At the beginning of the proceedings, when the defendant enters a plea of â€Å"not guilty,†it is analogous to the statement of the null hypothesis. While the defendant may indeed be innocent, there is no plea of â€Å"innocent†to be formally made in court. The alternative hypothesis of â€Å"guilty†is what the prosecutor attempts to demonstrate. The presumption at the outset of the trial is that the defendant is innocent. In theory, there is no need for the defendant to prove that he or she is innocent. The burden of proof is on the prosecuting attorney, who must marshal enough evidence to convince the jury that the defendant is guilty beyond a reasonable doubt. Likewise, in a test of significance, a scientist can only reject the null hypothesis by providing evidence for the alternative hypothesis. If there is not enough evidence in a trial to demonstrate guilt, then the defendant is declared â€Å"not guilty.†This claim has nothing to do with innocence; it merely reflects the fact that the prosecution failed to provide enough evidence of guilt. In a similar way, a failure to reject the null hypothesis in a significance test does not mean that the null hypothesis is true. It only means that the scientist was unable to provide enough evidence for the alternative hypothesis. For example, scientists testing the effects of a certain pesticide on crop yields might design an experiment in which some crops are left untreated and others are treated with varying amounts of pesticide. Any result in which the crop yields varied based on pesticide exposure- assuming all other variables are equal- would provide strong evidence for the alternative hypothesis (that the pesticide does affect crop yields). As a result, the scientists would have reason to reject the null hypothesis.
Tuesday, November 5, 2019
Traditional Vs. Roth IRA Your Ultimate IRA Guide
Traditional Vs. Roth IRA Your Ultimate IRA Guide SAT / ACT Prep Online Guides and Tips IRAs, or independent retirement accounts, are tax-advantaged savings accounts that help you save money for retirement. There are two main types, traditional IRAs and Roth IRAs, and they work in slightly different ways. This guide will tell you everything you need to know about traditional and Roth IRAs and help you decide which type of account is better for you. Before delving into the differences, let’s go over what you need to know about independent retirement accounts in general. What Is an IRA? An IRA is a type of savings account designed to help you save for retirement. IRAs offer a major tax advantage wherein your money is only ever taxed once. In a brokerage account, your money can be taxed twice. An IRA is made up of financial products like stocks, bonds, and mutual funds. The money you contribute will slowly grow over time as a result of annual compound interest. Typically, savings in IRAs grow at a rate of 5% to 7% each year. While this growth won’t look like much at first, it can add up significantly over the decades. If you start saving in your twenties rather than your thirties, you’ll see a huge difference in returns. When it comes to saving for retirement, you’re much better off the earlier you start. While you can start contributing to an IRA at any time, you must abide by an IRA contribution limit. Read on to find out how much money you can put each year into your IRA. By putting your money in a protected environment, it can grow significantly bigger over time. How Much Can You Contribute to an IRA? Whether you have a traditional IRA or Roth IRA, you can only contribute up to $5,500 per year. This was the IRA contribution limit for 2015 and 2016. It could change in years to come due to inflation. If you’re over 50 years old, then you can contribute $1,000 more for a yearly total of $6,500. This extra $1,000 added to the IRA contribution limits is considered a â€Å"catch up†contribution to help out those who didn’t max out their limits in earlier years. Most people contribute to their IRAs via automatic monthly payments. You can put in as much or as little as you like, but you’ll see the greatest long-term benefit by contributing up to the $5,500 limit. Now that you have a general sense of IRAs and how they help you save for retirement, let’s look closer at the differences between a traditional vs. a Roth IRA. People 50 and over can contribute an additional $1,000 per year to catch up as they round the bases toward retirement. Roth vs. Traditional IRA: How Are They Different? The major difference between a traditional IRA and a Roth IRA has to do with how your money is taxed. By learning about the different tax structure, you can figure out which one is more advantageous to you, depending on your age and financial profile. The second difference when you look at Roth vs. traditional IRA has to do with when you can withdraw money. Consider the tax and withdrawal rules for traditional IRAs, followed by the tax and withdrawal Roth IRA rules. Tax Advantages of a Traditional IRA Traditional IRAs allow your money to grow completely un-taxed until you take it out. You contribute pre-taxed money, which grows in your account until you withdraw. While your money is tax deductible when you contribute to a traditional IRA account, it’s taxed normally when you withdraw. You’ll pay all the taxes that you didn’t pay before, but you may find that you’re saving money on taxes overall. Why? You may be in a lower tax bracket when you retire than you were when you were working and contributing money to your IRA. Traditional IRA Withdrawal Rules When you contribute money to a traditional IRA, you can’t touch it until you’re 59  ½ without penalty. If you withdraw money before, then you’ll have to pay a hefty 10% penalty. It’s recommended that you take out about 4% of your savings per year during retirement. Some accounts also have required minimum withdrawals (RMDs) that compel you to take out a certain amount of money once you hit 70  ½. Even if you’re still working at age 70  ½, you’ll be required to start withdrawing money from your IRA. the amount of the RMD varies by individual and is calculated based on your account balance and age. When you contribute to a traditional IRA, your money is basically kept under lock and key until you’re 59  ½. Tax Advantages of a Roth IRA While traditional IRAs are taxed later, Roth IRAs are taxed now. In other words, you contribute money that’s already been taxed to a Roth IRA. You don’t get any tax breaks for your contributions, but you won’t have to pay any taxes when you withdraw. Basically, a Roth IRA works in the exact opposite way of a traditional IRA. You pay taxes when you contribute and not when you withdraw, whereas with a traditional IRA you pay taxes when you withdraw and not when you contribute. Roth IRA Withdrawal Rules Roth IRA rules are more flexible than those of traditional IRAs about when you can withdraw your money. You can take out money from a Roth IRA at any time without penalty as long as you’ve held the account for at least five years. Technically, you can only withdraw money you’ve contributed without penalty. You can’t touch any earnings on your contributions until you retire. Roth IRAs also don’t have any RMDs, so you’re not required to take out your money once you surpass a certain age. With a Roth IRA, you could withdraw all your funds after five years to buy that pleasure yacht you’ve had your eye on. But, you probably shouldn’t. Traditional IRA vs. Roth Ira- Which One Should You Choose? Given the difference between Roth IRA rules and traditional IRA rules, which account would be more beneficial to you? The answer to that question largely depends on your age and current tax bracket. Younger people typically benefit more from a Roth IRA. They have plenty of time for their money to grow until retirement, and they’re usually in a lower tax bracket than they will be in 10 or 20 years. If you’re in your twenties and your tax bracket is 20% or lower, then you’ll probably benefit from a Roth IRA. People who are older and/or in a high tax bracket will probably do better with a traditional IRA. They can contribute more money, since it’s not taxed, and pay taxes when they’re in a lower tax bracket after retirement. To see how tax brackets affect your savings in an IRA account, consider the chart below. If your tax rate is lower in retirement Traditional Roth Current tax rate 25% Tax rate in retirement 15% Annual investment $5,500 $5,500 After-tax value in retirement* $613,313 $598,444 *Based on moderate growth (around 8% annual return) over 30 years If your tax rate is higher in retirement Traditional Roth Current tax rate 25% Tax rate in retirement 33% Annual investment $5,500 $5,500 After-tax value in retirement* $505,593 $598,444 *Based on moderate growth (around 8% annual return) over 30 years If your tax rate goes down in retirement, then you’ll have more money from a traditional IRA. If your tax rate goes up, then you’ll end up with more savings from a Roth IRA. A secondary factor to consider when deciding between a traditional and Roth IRA is your financial self-control. As you read above, the two types of IRAs have different withdrawal rules. Will you be able to resist withdrawing money from a Roth IRA before retirement? Since there’s no penalty for withdrawing after five years, you’ll need to set limits on your spending so you don’t end up splurging on a luxury vacation to Fiji with your hard-earned money that was supposed to go toward retirement. If you don’t have clear cut answers to either of these considerations, then you might consider opening both types of IRAs. Choosing between a traditional IRA and Roth IRA requires that you consider the balance between your tax bracket and years until retirement. Can You Choose Both Types of IRAs? If you’re unsure which account is more advantageous to you, then you could consider setting up both a traditional and a Roth IRA. If you start to see real advantages to one over the other, then you could roll your money over to one account. Before opening both types, you should carefully consider the implications of taxes. If you opt for the Roth IRA, then you’ll have to pay taxes on any money that you roll over from a traditional IRA. This money would have otherwise grown untaxed until you withdrew it at age 59  ½. You should also note that opening both types of accounts won’t increase your yearly contribution limit. If you choose both types of IRAs, then the $5,500 limit applies to both. You can only contribute $5,500 collectively to your retirement savings accounts per year. Choosing both types of accounts is unnecessarily complicated for the majority of people. You should only do so if you’ve done some serious calculations and feel that it would be financially beneficial to you in the long term. For most of us, choosing one type of account based on our age and current tax bracket is the better way to go. Once you’ve chosen your type of IRA, how do you get about setting up an account? If you're having trouble deciding between types of IRAs, you could hedge your bets and open both. How to Set Up an IRA There are a number of IRA providers with whom you can set up an account. Most require a minimum investment up front, but some are a lot lower than others. When you set up an account, you can either set it on auto-pilot or take a hands-on approach to choosing your investments and designing your portfolio. Below are six recommendations for the best IRA providers, but first, let’s go over the factors you should consider when choosing an IRA provider. What to Look for When Choosing an IRA Provider The best IRA providers offer some or all of the following: Low account fees Low account minimums Good customer service and educational resources for new investors Low fees for trading stocks (this mostly applies to people looking to take an active approach to building their portfolio) If you fall in the majority of people who want someone else to manage their account, then you should look for a managed account or a target-date fund. In these types of account, you’ll pretty much only have to set your estimated date of retirement. A broker will do the rest. Now that you know what to look for in an IRA account and provider, check out the suggestions for the top six IRA providers. When choosing an IRA account, you should look for low account fees and low account minimums. Best IRA Providers for 2016 Based on the factors listed above, these six providers rose to the top for their low account fees, strong customer service, and other offerings. TD Ameritrade - popular provider with strong resources and support for new investor. TD Ameritrade doesn’t require any minimum balance, and it has a large selection of funds to choose from. One downside is that its trade commission fees are higher than usual at $9.99. TD Ameritrade, then, is a better choice for the new or hands-off investor, but not as popular among active traders. Vanguard - another popular low-cost provider with a $0 minimum balance. Vanguard is especially strong when it comes to target-date funds, where you set your date of retirement and don’t have to do much else. E*Trade - a provider with a large selection of funds and no account minimums. E*Trade stands out for its user-friendly website. Wealthfront - this provider manages accounts of up to $10,000 for no fee. Wealthfront, then, is good for the average investor who wants to take a hands-off approach. Betterment - like Wealthfront, Benefit is appealing to the hands-off investor. It tends to cater to people with large balances of $100k or more. Options House - best for active traders. Options House has a lower than average per trade fee of just $4.95. Once you’ve decided between a traditional and Roth IRA and chosen your provider, how do you open your account? When it comes to choosing an IRA provider, you've got options. Delicious, delicious options. How to Open an IRA Account Opening an IRA account is an easy, online sign-up process. Just head to the website of your chosen provider and fill out the IRA application. You’ll enter personal information, including your social security number and employment information. Most providers offer a different kinds of accounts, so you'll choose the one you want to open. Here's an example from TD Ameritrade's "Open New Account" page. Source: TD Ameritrade You’ll also indicate how you’ll fund the account, e.g., through automatic monthly transfer from your bank account. You can also transfer money from an existing IRA or 401k (an employer-sponsored retirement account). Depending on your funding choice, you may need your account and routing number or the account number of a separate account. The best way to make the most of your IRA is to deposit money on a monthly basis, to max out your annual contribution limit, and to start as early as you can. If you start saving in your twenties, then you could have a savings account with hundreds of thousands of dollars by the time you retire. In closing, let’s go over the key points you need to remember about IRAs. Opening your IRA account is the first step toward a secure retirement! Saving for Retirement in an IRA: Key Takeaways When it comes to saving for retirement, it’s never too early to start. Because your money grows in an IRA, you’ll see significantly more earnings the longer your money is invested in the account. IRA accounts are especially beneficial because of their tax advantages. Your money will only ever be taxed once, either when you withdraw it, as in a traditional IRA, or when you contribute it, as in a Roth IRA. Both accounts have advantages, and the one you choose should largely depend on your age and current tax bracket. While you should figure out which account will maximize your savings, in truth, you can’t go wrong with either. Both are tax-advantaged accounts that will help you save up money that you’ll rely on later in life. By opening and contributing to an IRA, you invest in your future and let your money work for you. What's Next? What is ROA, and how can looking at it provide you with helpful investment information? We discuss the meaning of ROA (return on assets) and how you can use it in this article. Not ready to open up an IRA but still looking for ways to save? Try the 365-day penny challenge!
Saturday, November 2, 2019
Business and Institutional Marketing Coursework - 1
Business and Institutional Marketing - Coursework Example The last few decades witnessed dramatic growth in information technology and currently it has become one of the most robust industries in the world. Since the IT sector has a high rate of productivity, particularly in the industrially developed world, it plays a great role in driving the overall global economic growth. Economies of scale influence both consumers and enterprises to increase the demand for IT products and services; and this situation in turn contributes to the rampant growth of IT sector. Nowadays, information technology as well as hardware and software associated with IT sector have become an integral part of almost all global industries (Economy Watch 2010). Since information technology is potential enough to reduce the cost of production to a clear extent, every major company tends to acquire IT products and services despite the implementation costs. Dell, Inc. and IT industry Dell, Inc. is a Texas based American multinational IT corporation which deals with the development and sales of IT products and services. Currently, Dell is one of the world’s largest technological corporations with a potential of more than 103,300 employees (Dell, 2011). The company has been ranked at 41st in the Fortune 500 list. Development of customer base and mergers and acquisitions are the major expansion strategies of Dell and its major mergers and acquisitions include Alienware (2006) and Perot Systems (2009). As of 2009, the company’s product lines include personal computers, data storage devices, computer peripherals, and software. The Dell is well known in the IT industry for its innovativeness in supply chain management and e-commerce sector.
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