On Management

Retirement In the Initial earning years it may be difficult to find adequate savings and there may be immediate and closer financial goals that may take precedence over the  retirement goal. The savings plan for retirement should consider the overall financial situation and goals of the individual. It may be necessary to start low and increase the savings as the income grows and the ability to save increases. Investments made in the accumulation stage should be growth oriented, since there is along investment horizon adequate to smoothen out the short term volatility in  returns that such investments display. There is generally a greater ability to take risk, and the portfolio should be invested to earn higher returns.              The distribution stage of retirement is when the corpus created in the accumulation stage is employed  to generate the income required to meet expenses in retirement.Investment made at this stage is income -oriented primarily. The ability to take ri

Very few people start out in life as a leader. Most people who are effective leaders have gone through many trial and errors before learning the basic leadership skills of what makes an effective leader. The comment that leaders are born not made is partially true. However, some techniques can help anyone become an effective leader. What are the traits of an effective leader? Henry David Thoreau once said, “To affect the quality of the Day that is the highest of arts.” 1.       A leaders vision is to shape the lives and transform people into being better than they were. An effective leader has the ability to inspire collaboration versus trying to control people. 2.       They have the ability to persuade others to do what is right compared to having to order people to do what is right. 3.       In addition, leaders get others to commit voluntarily versus committing out of fear or compliance. 4.       These men and women tend to be great thinkers and focus on thi