The Importance Of Supervision And Being A Culturally...

Supervision, Consultation and Being a Culturally Competent Counselor Multicultural and diversity is an important topic in counseling. Counselors provide a service to everyone, regardless their nationality, gender, sexual preference or ethnical background. All counselors are held to a high ethical standard, rather they are school, family, and marriage, mental or spiritual counselors. Counselors must be competent to work effectively with members of society who are culturally different from themselves in order to avoid risk engaging in unethical conduct. Legal and Ethical Expectations Student counselors work with all populations within a school environment, no matter the culture. â€Å"There has been a growing need to develop a deeper knowledge and awareness of race and ethnicity in psychology and to integrate race and ethnicity into the practice, research, education, and ethics of psychology† (Koocher, 2006). ). â€Å"Counseling is a professional relationship that empowers diverse individuals, families and groups to accomplish mental health, wellness, education and career goals† (Kaplan, Tarvydas, Gladding, 2014). Counselors maintain awareness and sensitivity regarding cultural, meaning of confidentiality and privacy, ACA Code of Ethics (2005) B.1.a. Multicultural/Diversity Considerations. The evolution of multicultural counseling came during the same time that the Civil Rights movement was occurring in the U.S. Counselors during this period in history were considered to beShow MoreRelatedSelf-Supervision and Plan Essay3182 Words   |  13 PagesClinical mental health counselors diagnose, treat, and test psychological disorders as well as support and teach clients skills needed for positive behavior changes. According to the 2012 American Mental Health Counselors Association’s (AMHCA) code of ethics â€Å"Mental health counselors believe in the dignity and worth of the individual. They are committed to increasing knowledge of human behavior and understanding of themselves and others. They use their skills only for purposes consistent with theseRead MoreChristian Counseling Ethics1839 Words   |  8 Pagesthis guideline is addressing professional responsibility and respect for people’s rights and dignity according to the American Psychological Associati on code of ethics. Counselors are to uphold professional standards of conduct, clarify professional obligations, and accept responsibility for their behavior. Furthermore, counselors are to respect the rights of individuals to privacy, confidentiality, etc. Cultural, individual, and role differences need not be overlooked. Next, (2) Overall wellnessRead MoreRoles And Mission Of The Counselor2699 Words   |  11 PagesRoles and Mission The counselor may play various roles, at several levels, i.e. the counselor may be an educator to the client, the counselor may be a type of mentor offering advice and guidance on specific issues, and also engage in other roles. The counselor may also act as an advocate for a client whose cultural background is significantly different than the environment he or she may currently be in, by ensuring that the client is treated with the same respect and given the same opportunitiesRead MoreThe Codes Of Ethics Of The American Counseling Association1667 Words   |  7 Pagesprofessional organization that works to accomplish improved mental health, wellness, awareness, and education. The ACA establishes a code of ethics to provide guidance on ethical practices for professional counselors. The code explains ethical responsibilities and expectations of counselors by creating a course of action to guide counseling services, which allows for the continued effectiveness of the organizationâ⠂¬â„¢s mission (ACA, 2014). The ACA updated their code of ethics in March of 2014, whichRead MoreE H Theory : Psychology Education Is Predominantly Given Based On Cognitive Behavioral Orientation1223 Words   |  5 Pagesspontaneously. Consequently, understanding Van Deurzen’s four dimension of existence –physical, social, personal, spiritual- (Cooper, 2003) are crucial to comprehend to human beings in a whole clinical picture. These four dimensions in question essentially emphasis both â€Å"culture† and â€Å"self†. Therefore, E-H may facilitate to be a culturally sensitive therapist, since it points out individual and his/her environmental-cultural reality as a whole. In that manner, I also could understand why CBT does not workRead MoreEthical Standards Of Counseling And Moral Principles3592 Words   |  15 PagesCounseling Association (ACA), the National Association of Social Workers and the American Psychological Association, the American Group Psychotherapy Association (AGPA), the Association for Specialists in Group Work (ASGW), and the American School Counselor Association (ASCA) come behind their own codes of ethics. While all these entities encourage significant values of trust, equal treatment, goodwill, and ethical standards of responsibilities for professionals it is imperative for persons who leadRead MoreEthical Standards For Mental Health Service Providers2906 Words   |   12 Pagesthat the clients are at a risk of harming themself, someone else, or if they are posing a risk to the counselor. There are additional reasons why a counselor will have to break confidentiality in cases when there is a confession that is ordered by the court or requested by the client. They may also need to release records in a situation where a client has filed a complaint towards their counselor (Martin, Shepard Lehr, 2015). Working within the confines of consulting or private practice the CanadianRead MoreI Am A Graduate Student Essay1904 Words   |  8 Pagesgraduate school. The reason I bring this up is because when I first started the graduate program, I would often wonder whether I belonged in graduate school. There was a sense of self-doubt. Therefore, I had trouble believing that I was worthy of being in this program. And, as ignorant as it may sound, I attributed my acceptance into the program to luck and fate. I believe one major reason for feeling that way is due to the fact that I am the first one in my family to attend college, so I felt incapableRead MoreThe Ethics Of The Counseling Process That Helps People Deal With Their Problems Through Constructive Way2271 Words   |  10 Pagesconflicts that professional counselors come across more often than we think. Imposing values on clients and discussing religion and spirituality in the counselling process are sensitive areas that have been gi ven more attention since the 21st century. Religion and spirituality stand out as factors that are a significant part of framing one’s beliefs, values, and behaviors. Research shows that religion and spirituality are positively correlated with positive psychological well-being and coping skills (ZenkertRead MoreEthical Standards For Mental Health Service Providers3426 Words   |  14 Pagesof Practice (2015). ?Foremost, the counselor who is providing the third party service should have a clear understanding as to their role, the relationship with each party, the possible uses of any information accumulated, and any limits of confidentiality (2015). More specifically, the counselor should only be providing services in an area of their expertise, and if it is outside of their scope of knowledge then they should request specific training or supervision. Clear and precise discussions should

Wendell Phillips Biography

Wendell Phillips was a Harvard educated lawyer and wealthy Bostonian who joined the abolitionist movement and became one of its most prominent advocates. Revered for his eloquence, Phillips spoke widely on the Lyceum circuit, and spread the abolitionist message in many communities during the 1840s and 1850s. Throughout the Civil War Phillips was often critical of the Lincoln administration, which he believed was moving too cautiously in ending slavery. In 1864, disappointed by Lincolns conciliatory and lenient plans for Reconstruction, Phillips campaigned against the Republican Party, which was nominating Lincoln to run for a second term. Following the Civil War, Phillips advocated for the program of Reconstruction championed by Radical Republicans such as Thaddeus Stevens. Phillips split with another leading abolitionist, William Lloyd Garrison, who believed the Anti-Slavery Society should be shut down at the end of the Civil War. Phillips believed that the 13th Amendment would not ensure true civil rights for African Americans, and he continued to crusade for full equality for blacks until the end of his life. Early Life of Wendell Phillips Wendell Phillips was born in Boston, Massachusetts, on November 29, 1811. His father had been a judge and the mayor of Boston. His familys roots in Massachusetts went back to the landing of Puritan minister George Phillips, who arrived aboard the Arbella with Gov. John Winthrop in 1630. Phillips received the education befitting a Boston patrician, and after graduation from Harvard he attended Harvards newly opened law school. Known for his intellectual skills and ease with public speaking, not to mention his familys wealth, he seemed destined for an impressive legal career. And it was generally supposed that Phillips would have a promising future in mainstream politics. In 1837, the 26-year-old Phillips took a profound career detour that began when he rose to speak at a meeting of the Massachusetts Anti-Slavery Society. He gave a brief address advocating for the abolition of slavery, at a time when the abolitionist cause was well outside the mainstream of American life. An influence on Phillips was the woman he was courting, Ann Terry Greene, whom he married in October 1837. She was the daughter of a wealthy Boston merchant, and she had already become involved with the New England abolitionists. The move away from mainstream law and politics became Phillips life calling. By the end of 1837 the newly married lawyer was essentially a professional abolitionist. His wife, who was chronically ill and lived as an invalid, remained a strong influence on his writings and public speeches. Phillips Rose to Prominence as an Abolitionist Leader In the 1840s Phillips became one of the most popular speakers of the American Lyceum Movement. He traveled giving lectures, which were not always on abolitionist subjects. Known for his scholarly pursuits, he also spoke about artistic and cultural subjects. He was also in demand to speak about pressing political topics. Phillips was often mentioned in newspaper reports, and his speeches were famous both for their eloquence and sarcastic wit. He was known to hurl insults at the supporters of slavery, and even castigated those whom he felt were not sufficiently opposed to it. Phillips rhetoric was often extreme, but he was following a deliberate strategy. He wanted to inflame the northern populace to stand up against the slave power of the South. When Phillips began his campaign of deliberate agitation, the anti-slavery movement was, to some extent stalled. It was too dangerous to send advocates against slavery into the South. And a pamphlet campaign, during which abolitionist pamphlets were mailed to southern cities, had been met with fierce opposition the early 1830s. In the House of Representatives, discussion of slavery was effectively silenced for years by what became notorious as the gag rule. Joining his colleague William Lloyd Garrison in the belief that the United States Constitution, by institutionalizing slavery, was an agreement with hell, Phillips withdrew from the practice of law. However, he used his legal training and skills to encourage abolitionist activity. Phillips, Lincoln, and the Civil War As the election of 1860 approached, Phillips opposed the nomination and election of Abraham Lincoln, as he did not consider him forceful enough in his opposition to slavery. However, once Lincoln was in office as president, Phillips tended to support him. When the Emancipation Proclamation was instituted at the beginning of 1863 Phillips supported it, even though he felt it should have gone further in liberating all the slaves in America. As the Civil War ended, some believed that the work of the abolitionists had been successfully finished. William Lloyd Garrison, the longtime colleague of Phillips, believed it was time to shut down the American Anti-Slavery Society. Phillips was thankful for the advances made with the passage of the 13th Amendment, which permanently prohibited slavery in America. Yet he instinctively felt that the battle was not truly over. He turned his attention to advocating for the rights of the freedmen, and for a program of Reconstruction that would respect the interests of former slaves. Post-Slavery Career of Phillips With the Constitution amended so that it no longer countenanced slavery, Phillips felt free to enter mainstream politics. He ran for governor of Massachusetts in 1870, but was not elected. Along with his work on behalf of the freedmen, Phillips became intensely interested in the emerging labor movement. He became an advocate for the eight-hour day, and by the end of his life he was known as a labor radical. He died in Boston on February 2, 1884. His death was reported in newspapers across America. The New York Times, in a front-page obituary the following day, called him A Representative Man of the Century. A Washington, D.C., newspaper, also featured a page one obituary of Phillips on February 4, 1884. One of the headlines read The Little Band of Original Abolitionists Loses Its Most Heroic Figure.

What is the Difference Between an Atom and an Ion

Atoms are the smallest unit of matter that cant be broken down chemically. Molecules are groups of two or more atoms that are chemically bonded. Ions are atoms or molecules that have gained or lost one or more of their valence electrons and therefore have a net positive or negative charge. An atom can be an ion, but not all ions are atoms. There are distinct differences between an atom and an ion. What Is an Atom? An atom is the smallest possible unit of an element. Atoms are considered to be the basic building blocks of matter because they cannot be divided into smaller particles by any chemical process. Atoms are considered to be the basic building blocks of matter because they cannot be divided into smaller particles by any chemical process. An atom consists of three types of subatomic particles: neutrons, protons, and electrons. Neutrons and protons are both located in the nucleus of the atom; neutrons are neutrally charged particles, and protons are positively charged particles. Electrons are negatively charged particles which orbit the nucleus of the atom. Their arrangement and movement are the basis for many of the chemical properties of the element. Each type of atom is assigned an atomic number which tells the number of protons in the atom. Normally, an atom has the same number of positive particles (protons) and negative particles (electrons). So the number of protons is identical to the number of electrons, and both are identical to the atomic number. What Is an Ion? Ions are atoms with extra electrons or missing electrons. When an atoms outermost orbital gains or loses electrons (also known as valence electrons), the atom forms an ion. An ion with more protons than electrons carries a net positive charge and is called a cation. An ion with more electrons than protons carries a net negative charge and is called an anion. The number of neutrons doesnt come into play since they are electrically neutral. Changing the number of neutrons determines the isotope. Ions are often formed in nature when static electricity draws electrons away from atoms. When you experience an electrical shock after touching a doorknob, you have released a stream of electrons, thus creating ions. What Are the Properties of Ions? In addition to being positively or negatively charged, ions can quickly bond with ions with the opposite charge. Some common compounds are made up almost entirely of chemically bonded ions. For example, salt is made up of a repeating series of chloride anions and sodium cations. Other examples of important ions include electrolytes, such as chloride, potassium, magnesium, and calcium ions which are essential to health. Electrolytes in sports beverages help to hydrate the body. Potassium ions help to regulate heart and muscle functions. Calcium is critical for bone growth and repair, and it also plays a role in supporting nerve impulses and blood clotting.

Research Essay - 4500 Words

BLW21/MT564 MODULE QUESTIONS Study Period 1 2011 INTRODUCTION It is only possible to cover a limited number of questions in each seminar. The questions are intended to reflect major principles where possible, but in some weeks it has been necessary, due to limited space, to omit questions on important issues. MODULE ONE QUESTION ONE In order to properly work with this unit you need to become proficient in working with the Corporations Act (CA). To commence that process please locate the following references: (a) â€Å"Auditors† in the index (b) The definition of â€Å"financial records† under CA s9 (c) CA s117 (d) CA s124†¦show more content†¦Julie makes inquiries and discovers that Bob Marley is a close friend of the Indahouse chairperson Al Gee. She also learns that the company’s constitution contains a rule that provides â€Å"the chairperson of the company may, as they see fit, order any member to transfer their shares to any person at a fair market price†. Jimmy, another shareholder, discovers that as the company requires more funds the directors plan to issue a parcel of shares to a single investor without the members being able to participate. Julie does not wish to sell her shares. Is she bound to observe the order she has received? Are the directors correct in issuing the shares, as they plan? QUESTION FOUR Spears Ltd has a constitution that does not repeal any of the replaceable rules of the CA but does provide for two additional matters: (i) an objects clause provides that â€Å"the company’s activities are restricted to the recording and publishing of music†. (ii) another clause provides: â€Å"Jackson White is to be the companys Senior Music Producer at a salary of $200,000 pa†. The directors of Spears Ltd have decided to ignore the constitution and to carry out the following actions: †¢ to execute a contract with Little Brother Pty Ltd for the release of films on DVD †¢Show MoreRelatedResearch Methods Essay749 Words   |  3 PagesSociology Research Methods Essay Assignment Bringing Home the Bacon: Marital Allocation of Income-Earning Responsibility, Job Shifts and Men s Wages By: Gorman, Elizabeth H. 1999 Research Question The research question addressed in the article Bringing Home the Bacon: Marital Allocation of Income-Earning Responsibility, Job Shifts and Men s Wages discusses the issue of marriage and how it impacts men s job shift patterns and how job shifting also influences men s wages. The researchRead MoreResearch of Restaraunt for Business Research Essay2399 Words   |  10 PagesTable of Contents Introduction 3 Research Objectives 3 Research Questions 4 Answers to Research Questions 5 Answer to Research Question 1. 5 Answer to Question 2. 6 Answer to Question 3. 7 Answer to Question 4. 8 Answer to Question 5. 9 Answer to Question 6. 10 Recommendations for the Remington’s Restaurant 11 References 14 Introduction The Remington restaurant, located in Tampa Florida, wanted to better understand their customer’s views and opinions of the restaurantRead More The research Process Essay3351 Words   |  14 Pages Processes of research by Jonathan Guy In this essay I will outline the primary methods of conducting research, their advantages and disadvantages and will outline where they are best utilised. In addition to this, I will select certain methods of research that I believe will be applicable to my own dissertation and state why I will use those particular methods to conduct my own research. The first question we should ask is what is research? John C. Merriam considers research as â€Å"a reaching outRead MoreEssay on Types Of Research1400 Words   |  6 PagesResearch is done everyday. Research is used in the many different situations managers encounter everyday. Research is part of the problem-solving manager do to make decisions. Research is defined as â€Å"the process of finding solutions to problem after thorough study and analysis of the situational factor† (Sekaran, p3, 2003). Managers use research for daily operational problem as well as bigger problems that can require hired research consultants. Managers who use research are able to communicateRead MoreEssay on Characteristics of Research1550 Words   |  7 Pagesï » ¿ Characteristics of Research Problems Activity 3 Submitted to Northcentral University School of Education in Partial Fulfillment of the Requirements of 7002-8 Doctoral Research in Education Prescott Valley, Arizona October 2013 Characteristics of Research Problems A  research problem  is a statement that provides the context for a  research  study. As stated by Brewer Hughes, (2005) â€Å"Research problems indicate gaps in the scope or the certainty of our knowledge (BrewerRead MoreSkewed Research Essay876 Words   |  4 PagesSkewed Research RES/351 In today’s society we have found that the best way to find what works for individuals and businesses alike is done through business research. This is not always done in ethical manners though. Some companies tend to ask questions that are inappropriate while others changed the information they have been given to make their product look more appealing. This paper will focus on skewing the research results in the service of selling the drug Neurontin. NeurontinRead MoreEssay Secondary Research808 Words   |  4 PagesResearch Process Questionnaire Robert Mike Moore COM/112 September 8, 2011 University of Phoenix Research Process Questionnaire 1. What is research and its purpose in academic writing? What qualifies as effective research? Research is a way for an author to expand on an idea, discussion, or topic that provides legitimacy to the work. Basically, research is a methodical approach to any topic a person wishes to know more about, and it helps to provide supporting details to the writingRead MoreDatabase Research Essay869 Words   |  4 PagesIntroduction In order to obtain peer reviewed research articles related to the impact of the psychological contract on job satisfaction in community mental health care workers it is important to review research that has been completed in a variety of researchers and in different settings. The databases that were selected to locate peer reviewed articles for this paper where Academic Search Complete and ProQuest Psychology. Tutorials were available for each of these databases and ProQuest wasRead MoreEssay on Empirical Research625 Words   |  3 PagesEmpirical Research Empirical research is defined by the context of two separate types of study. Both methods are of value to the researcher in his/her quest for better understanding of the test subjects. However, correlational and experimental studies each has its own set of qualifications which allow for differences in subject and matter. Scientifically, some of these are useful, though others could be viewed as problematic. Correlational research is the process of studying the relationshipRead MoreEthics of Animal Research Essay537 Words   |  3 PagesEthics of Animal Research One of the many issues of todays conversations is still confusing on my understanding it. Is it ethical for people to engage in animal research for human excellence? And if so, just how far can animal research be taken to meet these achievements for human kind? When thinking about this, I would conclude that animals over human beings do not have any rights what so ever, but I would be the biggest hypocrite in the world by saying this due to believing my doggy

What were the most important 5 environmental facts that you learned for this semester Free Essays

1. Business issues and environmental issues can not be separated. The environmental problems that the world faces today can not be completely resolved unless business world becomes a helping force in resolving them. We will write a custom essay sample on What were the most important 5 environmental facts that you learned for this semester? or any similar topic only for you Order Now Business world has the social responsibility to help resolve the environmental issues. It is inevitable to indulge corporate world in solving the issues of environment since they are one of the major contributors of the environmental problems in the first place, because industrialization and other forms of product production are caused by human activity. . There is a strong relationship between environmental protection and corporate competitiveness. Hoffman presented two schools of thought: a. the win- win perspective b. the win- lose perspective. Surely, there are disadvantages of environmental protection to the companies’ sense of competitiveness however those environmental programs can also open up to many opportunities and new ideas to these companies. Business should always be more than profit. 3. Environmental issues and problems are sometimes lamented and perceive as a market failure. The issue is sometimes selfishly approach by the corporate world for the purpose of only regulatory compliance. For them, environmental issues are unwanted constraining factors that restrict them to gain more profit. 4. The concept of environmental responsibility challenges the corporations to handle and consume the material resources wisely. The limited choices challenge the business world to be more creative in designing products that will conform to the standards of environmentalism. According to Hoffman, different challenges in developing new products, processes and raw materials in the face of environmental demands are within industries today. 5. Recycling sometimes uses more energy than it saves which make it a questionable environmental strategy. It is more cost effective to look for new products in nature than in the artificial and costly laboratory environment (Hoffman p. 21). That’s why resources must be creatively seek in nature itself without compromising its destruction. In the next 3 years how will you use what you learned in those chapters 1,2,3,4,5 ? As a social responsible individual, it is significant to always reconsider the issues of environment before establishing a business. As for me, business must take into account environmental concerns in addition to business’ and economic progress. One of the values a company should live by is to fulfill their human responsibility to protect the environment for future consumption. The further destruction of the environment if not stop must be prevented. As an educated person who has given the opportunity to learn on how to cope with environmental issues in the corporate world, I have a greater responsibility to adhere to the governmental or internal regulations for the protection of the environment. As for my company, I will create new innovated products derived from environmental activities. I believed that handling environmental issues or concerns are a matter of perspective. It can be viewed as something beneficial that may create many opportunities for business people such as the managers to work on various kinds of environmental strategy. I will indulge myself to environmental activities that will help me acquire knowledge that I could impose to my future employees. Environmental issues must not be taken as a threat to the company’s sense of competitiveness but rather it must be approach in a manner that it will open many opportunities. Environmental as Hoffman stresses should not be regarded as restrictions for market development. Definitely, my business framework and one of my business ethical standards will be a proponent of environmental conservation. Employees and people who will consume my products should be aware as well. If we were to do the class over what information would you like to see included? Almost all the information that a business student needs in regards to the relationship of environmental issues and corporate world has been discussed. However, I would like the class to discuss more on the issues of world ecosystem as capital assets for economic progress. It is significant in my own opinion to further discuss the vital services of ecosystem including the production and innovation of goods to motivate business minded people to indulge themselves in environmental concerns. Also the class should help the future business minded people in terms of fundamental steps in decision making in choosing the best products to establish that will conform to the state’s environmental programs. How to cite What were the most important 5 environmental facts that you learned for this semester?, Papers

Portfolio Management And Diversification Essay Example For Students

Portfolio Management And Diversification Essay PORTFOLIO MANAGEMENT AND DIVERSIFICATIONIntroduction:Portfolio management is a conglomeration of securities as whole, rather than unrelated individual holdings. Portfolio management stresses the selection of securities for inclusion in the portfolio based on that security’s contribution to the portfolio as a whole. This purposes that there some synergy or some interaction among the securities results in the total portfolio effect being something more than the sum of its parts. When the securities are combined in a portfolio, the return on the portfolio will be an average of the returns of the securities in the portfolio. For example, if a portfolio was comprised on equal positions in two securities, whose returns are 15% and 20%, the return on the portfolio, will the average of the returns of the two securities in the portfolio, or 17.5%. From this we will discuss the process of creating a diversified portfolio. The diversified portfolio is a theory of investing that reduces t he risk of losing all your money when â€Å"all your eggs† are not in one basket. Diversification limits your risk an over the long run, can improve your total returns. This is achieved by putting assets in several categories of investments. Portfolio Process:The portfolio process is as follows:1. Designing an investment objective;2. Developing and implementing an asset mix;3. Monitoring the economy and the markets;4. Adjusting the portfolio and measuring the performanceDue to the intensity of each of the four items, we will be covering only the first two. 1. Investment Objective:This topic is broad and contains three major divisions. They are foundation objectives, constraints and major objectives. Foundation Objectives: These objectives generally receive the most attention from investors and are determined by thorough determination of your needs, preferences and resources. ? Return – you need to determine whether you prefer a strategy of return maximization, where assets are invested to make the greatest return possible while staying within the risk tolerance level, or whether a required minimum return with certainty is preferable, generating only as much return with emphasis on risk reduction. ? Risk – There are many ways to assess the risk tolerance of any particular investor, from the least knowledgeable of investments to the very sophisticated investor. Besides the risk you are willing to take, there must be a measure of the risk associated with each security be considered for the inclusion in the portfolio. It is important to recognize the difference between the risk of an individual security and the risk of the portfolio as a whole. The risk of a portfolio is less than the average risk of its holdings, your risk tolerance should be matched to the risk of the overall portfolio and not to the risk of each security. ? Inflation – Although some degree of inflation protection is needed, the extent will vary depending upon the time horizon and the goal of using the portfolio to generate income for future cash consideration. Whereas, someone using a short term trading strategy and interested in maximization of capital gains may concentrate less on this factor. ? Time Horizon The time horizon is the period of time from the present until the next major change in your circumstances. A good portfolio design will reflect this time change. For example – at 25 years of age and normal retirement at age 60 does not necessarily mean the time horizon is 35 years. Different events in your life can represent the end of one time horizon and the beginning of a new time horizon and a need for a complete rebalancing of your portfolio. These events could include finishing university, purchase of a new home and many others beside retirement. ? Liquidity In portfolio management this is the amount of cash and near-cash in the portfolio. For liquidity purposes, if you are wealthy and risk tolerant you may choice to have about 5% of your portfolio in cash, this does mean that the cash component will never rise above 5% due to the market cycle. Whereas those who are risk adverse may choice to have 10% or more in cash. ? Taxation The level of taxation will determine the choices that are made in regards to the choice of tax advantaged securities such as some limited partnerships as well as the choice of tax deferral plans. The Knife Essay? Equities – There are several different types of securities included in this asset class. The following are just a few of such securities: common shares, rights, warrants and options. The main purpose of this asset class is generate capital gains either through active trading or long term growth in value. There will also be cash from this section due to a dividend stream. The objectives and constraints that will have influence in this asset class are risk, return, time horizon and inflation to name a few. This account may also account for 15% to 95% of a diversified portfolio. 2. Asset Mix:The next step in the asset allocation process to determine the appropriate balance among the selected asset classes. To determine the appropriate asset mix you must know who you are and what you want out of your investment. A different mix would occur if you were young professional, a middle aged factory worker or a senior citizen. For example:? Young, single professional with medium investment, high risk tolerance and long time horizon may choose the following asset mix:Cash 5%Fixed Income 25%Equities 70%? Middle-aged factory worker, married, three children. With concerns about future employment and funding college education, with low investment knowledge and medium risk tolerance may choice the following asset mix:Cash 10%Fixed Income 40%Equities 50%? Senior citizen with no income other than government pension, with medium time horizon and low risk tolerance may choice the following asset mix:Cash 8%Fixed Income 62%Equities 30%When creating your diversified portfolio i t will need to be constructed within your own particular risk guidelines. Therefore it is important to manage risk within your portfolio. When managing risk there two types of risk to be cognizant of, they are:? Systematic or market risk This risk pertains to each capital market, which can be volatile. Therefore, when the stock market averages fall, most individual stocks fall and when interest rates rise nearly all-individual bonds and preferred shares fall in value. Systematic risk can not be diversified away; the more a portfolio becomes diversified, the more it ends up mirroring the market. ? Nonsystematic or security specific risk – This risk pertains to the risk that the price of a specific security or a specific group of securities will change in price to a different degree or in a different direction from the market as a whole. Diversifying among a number of securities can reduce nonsystematic risk. Both of these types of risk can be avoided when you correctly evaluate your risk guidelines and determine the maximum amount of risk that you are willing to handle. Conclusion: Once your portfolio has been established then next step in the management is to evaluate your portfolio’s performance. The success of your portfolio is determined by comparing the total rate of return of the portfolio to the average total return of comparable portfolios. It is essential to develop a system to monitor the appropriateness of the securities that comprise the portfolio and the strategies governing it. The process is twofold as it involves monitoring:? The changes in your goals, financial position and preferences;? Expectations in capital markets and individual companies;Remember that diversification is more than placing your eggs in different baskets. It is also making sure that all your baskets aren’t made from the same material. BibliographyReferences:Wall Street 101, www.familyint ernet.comLearning to Invest, www.learningtoinvest.comYour Money Coach, www.yourmoneycoach.comBusiness Essays

Elecdyne free essay sample

Although Elecdyne made success initially in the price competition, it failed to promote its sales and thus underwent great losses because of the need to defray licences, declined sales and soaring wage rates. The reason underlying this disaster is originated from the weakening competitive power of the Japanese manufacturers and the increasing of the costs for processing products. For example, Japanese corporations find it difficult to compete with lower-priced counterparts of China and India and the Korea within the electronic field. As Elecdyne is a company without any previous contact with foreign markets, its management group are now on the fast track to speculate the likelihood of internationalization and the debates with other countries to allow for their requirements for easy access to cheaper workforce, novel innovation and technology, and competitive markets. Among the three countries Elecdyne inspire to make internationalised, Germany is suitable to offer competitive markets, Korea new innovation and then China cheaper workforce. We will write a custom essay sample on Elecdyne or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page For the purpose of this kind, the report to appear is mainly devoted to the collection of information about the aforesaid issues that may impact Elecdyne and even the plan to internationalise this company. Subsequent to this is the analysis and conclusion part of the country that Elecdyne choose to enter. 2. 0Findings 2. 1Steep In analyzing the current situation of Elecdyne, an inexpensive yet adequate STEEP table has been formulated at the first stage so as to enable Elecdyne to know about the trends of the outside competitive surroundings within which it may compete Social  networks like all the online matter such as Youtube, Twitter and Facebook are so important that relevant companies should not defer their efforts to create the public image and enhance their both market and products’ effectiveness† Population: most of the people became old, they do not prefer to purchase eletronic product frequently. (Johnson, G. , Scholes, K. Whitting, R. 2005) 2. 1. 2 Economical Global Crisis: Though with many effects, are escaped by most countries, economy turns to slow down globally, many people rather saving than spending. Unemployment Rate: most of the companies can not afford to suffer from fixed cost like employees’ salary, this is caused by the truth that full-time workers are forced to become part-time, Inflation, inflation rate keeps increaing, daily necessties became more expensive year by year. 2. 1. 3 Technological Hybrid devices: The current electronic devices are rather smaller, portable, quicker and smarter nowadays such as ipad, notebook. Movie players: Those with 3D and HD technology are the new scene recently Tablets: Those with touch-screen innovation become so noteworthy that companies begin to compete for the dominance of this new field. Internet Clouds: more gaint companies prefer to adapt internet clouds in order to decrease the storage of their data. 2. 1. 4 Environmental Sustainability: With getting smaller of the world, everybody should be responsible for their own actions, company also can not purely chase for profit, but understand the importance of environment for future generation. Pollution: Saving the earth, saving the cash becomes the new topic for which companies should be environmentally responsible (Fred R. David. 2005) Recycling: public and government now requires company selling and producing something could recycle rather than one time dispose.