Importance of Leadership Functions Lab Report Example | Topics and Well Written Essays - 4000 words

Importance of Leadership Functions - Lab Report Example The importance of leadership functions within an organization is transformation. Leaders have a crucial role of ensuring the transformation of their environments and culture. Senior leadership teams evolve new mindsets. Additionally, teams, individuals and organizations grow, adapt and prepare for future outcomes and challenges. These entities learn to change their actions and procedures for performing their actions, making it simple to solve organizational problems. The organizational need to adapt during turbulent financial and economic times leads to operational problems (Pierce & Newstrom, 2011). It is essential to note that leadership functions cannot force change by using technical approaches only. They need different leadership capabilities that will facilitate the reframing of dilemmas and reform operations. Additionally, these new capabilities will reinterpret options. The process of organizational change is usually inevitable. Economic and operational worlds are rapidly cha nging and shifting towards effective and efficient operational methods. These include the use of technological tools to advance operations and economic outcomes. Additionally, leadership has changed to a multi-disciplined activity. The process of leadership tries to cope and apply knowledge to the processes, structures and systems that need completion (Pierce & Newstrom, 2011). Conventional leadership wisdom states that the right business approaches and structures will provide innovation, agility and efficiencies. that an organization requires for successful and sustainable operations. Organizations with inefficient leadership face several problems because leadership functions are not fulfilled. For instance, they face problems with the integration of systems and collaboration with partners. These organizations also face challenges with the coordination of supply chains. In these organizations, innovation is thwarted or haphazard (Packard, 2008). Additionally, customer focused strat egies are usually

The Significance Of Cross-Cultural Negotiation Skills For The Success Essay

The Significance Of Cross-Cultural Negotiation Skills For The Success Of International Mergers And Alliances - Essay Example If we analyzed then we come to know that by definition, the two or extra parties concerned in a negotiation have conflicting interests and may come into disagreement over key points, whether it be a fair cost in buyer-seller relations, a fair licensing agreement, or an evenhanded workplace understanding. Furthermore, the conflict and agreement that takes place throughout negotiations has an intrinsic emotional component, and touching or emotional reactions such as suffering or annoyance are frequently experienced throughout the negotiation procedure. Certainly, the procedure of attitudinal structuring (Walton & McKersie, 2005) has a significant emotional component. Anecdotal proof, case studies, and educational writings point to an attractive occurrence that can take place in cross-cultural negotiations the appearance of negative spirals that cause ever more negative emotional or touching reactions in negotiators which rise ill-will, hurt the negotiation procedure, and frequently bri ng it to an end.

Counselor Essay Essay Example for Free

Counselor Essay Essay Michael is a Case Manager within Spectrum Health hospitals and has been for four years. Michael is twenty-eight years old and enjoys doing his job although he has stated that it can be difficult at times. Michael stated that sometimes there is over time when other employees call in and case load can be heavy at times. Michael stated that every so often he has to wear a pager so employees within the hospital can get ahold of them when emergent issues arise. On call is every third weekend and four days out of each month where Michael is on call 24/7. As Michael punches in for the day, he meets with patients that are either just admitted or ready for discharge. Michael will help patients gain what they expect within the hospital so they will be pleased with the kind of care they received while in the hospital. Michael will also help patients that are ready to be discharged gain everything needed for their home after they are discharged. Things such as canes, walkers, commodes, home care, Dr. Visit’s, etc. As I asked if Michael has every experience burnout he stated that he has felt burned out before and even a little overwhelmed when he is placed on call for a few days. Michael has never thought about quitting his job but he has felt the need to take a few days off before just to gain a clear mind and get back to work. One stage of burn out Michael has experienced would be stage three in which that is frustration. Frustration comes within Michael when he is unable to complete every task that is expected of him. Michael has felt frustrated before when he is given too much and not enough time to complete every task. Michael strives to do his best within his position and sometimes that is not enough because as he gains too much work, he cannot spend the time needed with the patients to ensure proper  care is being achieved while the patient is in the hospital. Michael often sets up agendas for his work and how to get the work done in a timely manner so he does not get frustrated when things don’t get done or issues arise. Michael relieves frustration this way because he is able to visualize what he needs to do and what things to do first. Michael often takes times off from work in order to not get frustrated within his position. Michael will spend time with his family and while at home he will not speak of work so that he can enjoy family time and not think of work while relaxing. Burnout is defined as an internal psychological experience that involves feelings, attitudes, motives and expectations. Burnout means the energy of an individual has been consumed by helping others. Energy crisis occurs when the psychic demand exceeds the supply. Burnout is often experienced with a state of physical, mental and emotional exhaustion caused by a long-term involvement within an emotionally demanding situation. Burnout is often accompanied by physical depletion, feelings of helplessness, disillusionment, negative self-concept and negative attitudes toward employment, people and life in itself. Burnout represents a breaking point where it’s hard for an individual to cope with the environment surrounding them. Compassion fatigue is often caused by a work related stress and it is also an increase of loss in compassion over a period of time. Compassion fatigue can share similar symptoms of burnout but just not in an as severe way. There are many ways burnout can occur; Burnout often comes in blocks that include Role ambiguity or the lack of clarity concerning rights, responsibilities, methods, goals, status and accountability toward themselves. Role conflict is the significance of a  demand placed on the individual that are incompatible, inappropriate and inconsistent within the values or ethics. Role overload is the quantity and quality of demands placed on the individual that are too great. Inconsequentiality is the feeling of helplessness, the individual may feel that no matter what they do they are not good enough they gain little  recognition, accomplishment, appreciation or success. Isolation means that individual may lacking in support or has minimal support and the last one is Autonomy, where the ability to make decision on what they will do and how they will deal with their patients may be affected by their place of employment. Signs of burnout may include tardiness, dreading work, turning to drug s or alcohol, withdrawing from friends or family, clockwatching, depression, sudden change in weight, suicide or homicide thoughts or attempts just to name a few. Burnout also comes in stages, there are four main stages of burnout that can occur as an employee tries there absolute best within the position they have accepted within any organization. Stage one is enthusiasm, where the employee enters the job with high hopes and unrealistic expectations. If the employee is not tempered by orientations, training and realistic expectations the Human Service work may lead to the second stage which is stagnation. Stage two is stagnation, where the employee starts to feel that personal, financial, and career needs are not met. This may happen as the employee visualizes other employees moving on faster than themselves, an increase in pressure at home, financial obligations increasing and lack of employee reinforcement from doing the job well. As these are not met or taken care of, burnout can lead to the next stage of frustration. Stage three is frustration, where the employee may doubt their Caretaker Interview 5 effectiveness, values or impact of their efforts within the organization. One employee’s frustration may hold a domino effect toward others because the effect of burnout are contagious within an environment. Frustration can be dealt with by arranging workshops and support groups to increase awareness and generate problem solving as a group effort. If frustration is not taken care of within a positive manner, frustration can turn into Apathy. Stage four is Apathy, where the employee meets the feeling of actually being burned out. The employee may become immobile, in denial and may be in stage of crisis. As an employee meets this stage of burnout, psychotherapy may be needed to reverse the actions of burnout and to get the employee at a positive state of mind.

Nigerian Civil Service History

Nigerian Civil Service History In tracing the emergence and growth of the civil service in Nigeria, Nwosu (1977) started from 1900 when Britain formally established the authority in most of the administrative purposes. They were in the colony of Lagos and the protectorate of Northern and Southern Nigeria. Later in 1906, the Lagos colony was merged with the southern protectorate and renamed the colony and protectorate of Southern Nigeria. In 1914, the two protectorates were amalgamated and subsequently became known as the colony and protectorate of Nigeria. In order to be able to administer the territory, Britain imposed a unified alien civil service on Nigeria without giving much thought to its impact on the Nigerian traditional communities with their conflicting values, interest, norms and authority structure (Kingsley 1963). It must be pointed out that despite the amalgamation and its attendant unification of the civil services of the North and South, the two are still developed at their own pace. The major function of civil service at the time was mainly the maintenance of law and raising enough revenue to sustain the colonial authority. According to Okoli Onah (2002), the service was geared towards the negative policy of preventing trouble in the areas under its administration. Economic and social development was never a major objective of the administration. The colonial civil service according to Nwosu 1977 had its structure; at the Head of Public Service was the Governor-General, who was accountable to the colonial secretary in London. The colonial secretary was himself accountable to the British cabinet and the parliament. The governor-general delegated his authority to the Chief Secretary, who was the effective head of the service. The chief secretary coordinated the whole service which was divided into two major parts the departmental and the political administration. The departmental administration covers the technical and professional functions of the colonial regime. These include education, health, treasury, agriculture, forestry, public works and audit. The various heads assisted the chief secretary. They not only advised the Governor but initiated policies, participated in legislation and supervised the execution of enacted bills and approved policies. While the head of technical department operated from Lagos. Their subordinates were in charge of field offices. The field officers included the lieutenant-governor, the resident and district officers, the officers who are pillars of colonial civil service were fully responsible for maintenance of law and order and the mobilization of resources which were the main object of colonial administration. The field officer did not rule the people directly, rather they owned the people and that is indirect rule. In the north, it was completely successful because of the indigenous political and administrative structure on ground. In the west, it was partially successful because of the peoples contact with western education and in the east; it was a complete failure because of the republican nature of the peoples government. The fusion of western administration with the traditional African system produced a new structure which Nwosu (1977) says corresponded with Fred Riggs description of the pattern of role differentiation in a traditional society. At this early period, Nigerians were restricted to the lower echelons of the civil service. The south and the north; though amalgamated, still had their separate civil services. Principles of the Civil Service The civil service is guided by the triple maxims of anonymity, neutrality and impartiality. The principles of permanence are also seen as part of the maxims (Obiajulu Obi 2004). Anonymity: this states that civil servants should be seen and not heard. Though they advise political office holders on issues relating to government, they neither take the blame nor the glory of such policies. They are not expected to be seen defending such policies. Civil servants as far as possible are anonymous and should not be seen as craving for publicity. Neutrality: the civil servant must be politically neutral. His job is to serve the government of the day irrespective of what he feels about that particular government. He should not allow his personal prejudices color his dedication to his duty. He is not expected to be a card carrying member of a political party or get involved in partisan politics though he is expected to vote at election times. Impartiality: Civil servants are paid from tax payers money which does not belong to anybody or group in particular. They are therefore expected to discharge their duties without fear or favor in rendering such service to the public. The civil servant is expected to treat everybody with a high degree of impartiality. Permanence: the civil service is often defined as a permanent body of officials that carryout government decisions. It is permanent and its life is not tied to the life of any particular government. Government come and goes but the civil service remains. Functions of the Civil Service According to Obiajulu Obi (2004), the major function of the civil service is the implementation of government policies. Civil servants are not policy makers and are not really in a position to question government policies. Whenever a policy is made, it becomes the role of the civil servants to implement the policy the way the government of the day wants it to be. The federal and state civil servants play important role in policy formulation and advice. They play a major economic, social and educational objective of both the federal and state governments. The civil service also gathers statistical information for the activities of the government. Senior civil servants also have to inform the public about the achievements, abilities and problems facing the government. Also, Ezeani (2005) noted that the civil service is a store of knowledge of past government decisions and procedures. Thus, it plays an educative role by assisting professionals and military political executives (as is the case in Nigeria), especially the new ones to adapt themselves to the realities of their offices (This Week, 1988:19). The civil servants also play investigative and regulatory functions. CHAPTER TWO Structure of the Nigerian Civil Service The civil service is mainly organized around the federal ministries headed by a minister appointed by the president, who must include at least one member of the 36 states in his cabinet. Presidents appointment is confirmed by the senate of Nigeria. There are less than 36 ministries. In some cases, a federal minister is responsible for more than one ministry and a minister may be assisted by one or more ministers of state. Each ministry has a permanent secretary who is a senior civil servant. The ministries are responsible for various parastatals (government owned corporations) such as education, National Broadcasting Commission (information) and Nigeria National Petroleum Corporation (NNPC). Other parastatals are the responsibility of the office of the presidency such as the Independent Electoral Commission, the Federal Civil Service Commission, etc. Role of the Civil Service in National Development The civil service is a vital part of government machinery and its role is decisive in ensuring the stability of governance, its quality and ability to perform and push the frontiers of national development. According to Edozien, a former permanent secretary, the civil service inherited from the British was effective, efficient offered a socially responsible service and was well respected and regarded by the political class. So also was the civil service under phase one of the national development plan covering 1960 1975). He said that phase two 1975 1999 started with a blow of the morale of the civil service as permanent secretaries were compulsorily retired and were barred form accompanying their ministers to federal executive council (FEC) meetings, while job security was no longer guaranteed. Engr. Ebele Okeke described the civil service as a critical contact between the government and the people in the area of good government and the people in the area of good governance and service delivery. The success of any government depends on a virile civil service. Hence, the civil service remains very crucial and critical to national development and democratic stability. In developing states, why years of military and authoritarian rule in most developing societies have impacted negative political culture on the character and philosophy of the service, yet its role in national development cannot be undervalued. However, since military regimes and authoritarian rule have lost their appeal in modern government. The need to reform civil and public service to be in tune with democratic values becomes highly imperative. An efficient civil service acts as a catalyst in the development of all nations. While on the other hand, its inefficiency can constitute as one of the heaviest mill stones round the neck of developing nations. Therefore, it is important to most that the civil service must be efficient to service the newly found democratic project for stability and survival of the polity. Since it is the vehicle and machinery of public policy formulation and implementation, it is also to be noted that democracy with its attractive values will enhance the workings of the public service and redefine, reorient and reposition it to be more affective, mobile and productive partner in national reconstruction agenda (Ayodele and Bolaji). Bureaucratic bottleneck, high levels of corruption and personalization of governmental affairs exhibited hitherto by the civil service are highly anti-democratic. Democracy is expected to bear on the attitude and change this negative democratic attitude to service. Democracy has rekindled the expectation and optimism of the people in the ability of the civil service to be relevant to he challenges of growth and development. The strategic relevance of civil service in policy formulation and implementing cannot be over emphasized. In the developing societies especially in the immediate past independence era the public service assumed the pivotal roles as the vehicle of development. In fact, Ejifor (2003) posits that civil service in the developing societies is everything and that the most important catalyst of development is an efficient service while at the same time its inefficient constitute the heaviest millstones of any nation. This is similar to the view of Agagu (1997:233) who contends that public and civil service is the continuously active business part of government concerned with carrying out the law, as made by the legislative bodies in the process of organization and management. In scope, the influence of the civil service is not debatable; it remains definitely a major force in todays governance. The civil service contains a network of human relationships and associations extending from the highly influential government officials to the lowest paid and powerless individual charged with all resources, natural and human and all other aspects of the life of the society with which the government is concerned (Nnoli, 2000:44). In essence, public service is the totality of how progress and development are made in the society. The Nigerian civil service has faced a number of challenges, which has considerably undermined its capacity to serve as agent of national development. Such challenges include those of achieving technical competence, coping with public expectation and change, behaving ethically and maintaining constitutional order. The truth is that all these problems are inextricably linked to failure of the civil service to play its rightful role in system maintenance and continuity. Again, in order to enhance the nations development, the civil service under the auspices of the public service can partner with the private sector. In Nigeria and other developing countries, sustainable access to healthcare and other socio-economic services and products can be accomplished through public-private partnerships, where the government delivers the minimum standard of services, products and care, the private sector brings skills and core competencies while donors and business bring funding and other resources. Such collaborations will be especially productive in promoting poverty alleviation through partnerships as has been the case with polio eradication and other child immunization efforts. However, this public-private partnership would help to highlight perspectives on development, from leaders in civil society, government, business and the media, share information of development alternatives, provide forums for informed debate on related issues; seek to accomplish better understanding of the nature of relationships between governmental and non-governmental organizations and introduce conceptual frameworks for understanding such relationships. Intrinsic in the aforementioned objectives of typical public-private partnerships is the mission to contribute to the economic integration of a country/region accelerate its economic growth and sustainable development, engender and sustain private sector participation in traditionally public sector projects; and expand local assess to international markets, thereby ensuring the countrys deeper integration into the global economy. For Nigeria in particular, this could be done within the official NEPAD structure, ECOWAS and other regional economic communities in Africa, governments, private sector, civil society and other stakeholders. Finally, a vibrant and healthy civil service is the key to good governance and national development. Challenges of the Nigerian Civil Service According to Ezeani (2005), the Nigerian Civil Service has over the years been plagued by a number of problems which adversely affected its role as an instrument for socio-economic and political development of the country. The problems include: The nature of political competition in the Nigerian environment. The Nigerian civil service has been transformed into a theatre of sharing the national cake among the major ethnic and sub ethnic groups, a factor responsible for the unending demand for fragmentation of governmental structure units of ministries, divisions of major departments etc.) despite the obvious difficulties in sustaining the existing ones. The conflictual relationship between politicians and administrations Corruption e.g. looting of national treasury and lack of accountability Poor remuneration of civil servants Politicization of the civil service. As Olowu et al (1997) rightly points out politicization of the top civil services in an environment of high political instability and high turnover of officials has not only been wasteful of personnel, it has also led to a weakened role for the civil service in the development process. Ethnicity and indiscipline. A family local ethnic and other primordial ties and loyalties, sometimes compete on take precedence over loyalty to the nation and the service (Nwosu 1997) Social distance existing between the senior civil servants and the masses. Most senior civil servants have contacts with the masses and therefore do not experience their problems Lack of flexibility among bureaucrats. Civil servants cling tenaciously to routine well established procedures for doing things or red-tapism. The Military Rule and Nigeria Civil Service The history of post colonial Nigeria is fraught with military authoritarianism. This has reflected in its bureaucracy. Scholars agree that since 1966 when the military intervened in the Nigeria government and politics up to 1999 civil service has enjoyed enormous popularity due to the inability of the military class to dictate the pace of government without recourse to bureaucrats wealth of experience. It should be noted that civil servants are often used as stabilizers of the staff under military regimes. Generally, military administration manifests certain characteristics which are hallmarks of military regimes, these are: Method of Civil Service Appointment: The civil service has laid down rules and regulations guiding appointment, discipline and promotions. Under the military these processes are rubbished. Merit and seniority are relegated and mediocrity celebrated. This has brought into the service deep hatred among the rank and file of the system. This has undermined professionalism in the civil service. Decision Making Process: This under the military is usually centralized. There is no constitution, no rule of law, absence of separation of power, no democratic institution with the legislature, executive and judiciary. The decision making process are vested in one centralized body like the Supreme Military Council or Armed Forces Ruling Council. Related to the above is the military often acted with dispatch in administration. The tradition military culture has affected their method of operation even in official bus. By their training and due to their low educational background, they dont know their power limitations. Thus, most of them give appointment, promotions, contract and other forms of state privileges without due process. Absence of Separation of Powers and Function: over-concentration of power and function in one body is another feature of military regime. Military governments dont subscribe to separation of powers. Hence the issue of rule of law is out of the question. The doctrine of separation of powers presupposes that whatever power accruing to one organ shouldnt be interfered with by another. But the precepts of the military regime all governmental powers i.e. legislature, executive and to some extent, the judiciary, are concentrated in few hands. Prevalence of Spoilt System in Appointment: Often, appointments under the military are not done on merit. Successive military regimes often adopted some faithful members of the public into public administration without regard to their qualification. By this arrangement, sensitive federal and state positions were left for people who arent competent. This is in line with the military belief that any person can do the art of administration. Again because of military governments could be ousted any day it becomes a tradition among staff office occupiers to appropriate or personalize the trappings of their office. CHAPTER THREE How can National Development be fully Realized? Development has become more crucial in the developing countries to avert the lingering problem of bureaucratic maze paralyzed by partisan politics and ideological imperatives, poor coordination, implementation and sheer miscalculation that bedevil many administrative issues in the developing countries. These problems can be tackled through better monitoring accountability checks and more rigorous project evaluation. Development does not take place in a vacuum but in an environment, the environment in the field of development is a countrys socio-economic and political set up. To be conducive to national development, the civil service as an environment has to have minimum level of stability, peace and order. (Obi Obikeze 2004). National development is crucial in developing countries such as Nigerian to help them enhance their level of political economic, social and cultural wellbeing with the aid and instrumentality of the civil service. Recommendations Todays civil service needs to rediscover the time-honoured inbuilt system of training, retraining and adaptive skills in consonance with modern work practices and processes. It must imbibe the culture of innovation both in imagination and routine works as well as in developing appropriate tools for anticipating change and challenges. It must be able to institutionalize change in modern governance and societal development. It must see itself as a tool for the promotion of growth, peace, stability, development and democracy. Conclusion In conclusion, for the civil service to be both relevant and effective, it must rediscover its cherished tradition of service, loyalty and excellence and complement them with integrity, credibility, leadership, innovation and transparency in the management of scarce resources. With this, the Nigerian civil service can be capable of meeting modern challenges of national development.

The insurance sector in india

The insurance sector in india INTRODUCTION INSURANCE SECTOR IN INDIA The Insurance sector in India governed by Insurance Act, 1938, the Life Insurance Corporation Act, 1956 and General Insurance Business (Nationalisation) Act, 1972, Insurance Regulatory and Development Authority (IRDA) Act, 1999 and other related Acts. With such a large population and the untapped market area of this population Insurance happens to be a very big opportunity in India. Today it stands as a business growing at the rate of 15-20 per cent annually. Together with banking services, it adds about 7 per cent to the countrys GDP .In spite of all this growth the statistics of the penetration of the insurance in the country is very poor. Nearly 80% of Indian populations are without Life insurance cover and the Health insurance. This is an indicator that growth potential for the insurance sector is immense in India. It was due to this immense growth that the regulations were introduced in the insurance sector and in continuation Malhotra Committee was constituted by the government in 1993 to examine the various aspects of the industry. The key element of the reform process was Participation of overseas insurance companies with 26% capital. Creating a more efficient and competitive financial system suitable for the requirements of the economy was the main idea behind this reform. Since then the insurance industry has gone through many sea changes .The competition LIC started facing from these companies were threatening to the existence of LIC .since the liberalization of the industry the insurance industry has never looked back and today stand as the one of the most competitive and exploring industry in India. The entry of the private players and the increased use of the new distribution are in the limelight today. The use of new distribution techniques and the IT tools has increased the scope of the industry in the longer run. PRESENT SCENARIO OF INSURANCE INDUSTRY India with about 200 million middle class household shows a huge untapped potential for players in the insurance industry. Saturation of markets in many developed economies has made the Indian market even more attractive for global insurance majors. The insurance sector in India has come to a position of very high potential and competitiveness in the market. Indians, have always seen life insurance as a tax saving device, are now suddenly turning to the private sector that are providing them new products and variety for their choice. Consumers remain the most important centre of the insurance sector. After the entry of the foreign players the industry is seeing a lot of competition and thus improvement of the customer service in the industry. Computerization of operations and updating of technology has become imperative in the current scenario. Foreign players are bringing in international best practices in service through use of latest technologies The insurance agents still remain the main source through which insurance products are sold. The concept is very well established in the country like India but still the increasing use of other sources is imperative. At present the distribution channels that are available in the market are listed below. Direct selling  · Corporate agents  · Group selling  · Brokers and cooperative societies  · Banc assurance  · Customers have tremendous choice from a large variety of products from pure term (risk) insurance to unit-linked investment products. Customers are offered unbundled products with a variety of benefits as riders from which they can choose. More customers are buying products and services based on their true needs and not just traditional money back policies, which is not considered very appropriate for long-term protection and savings. There is lots of saving and investment plans in the market. However, there are still some key new products yet to be introduced e.g. health products. The rural consumer is now exhibiting an increasing propensity for insurance products. A research conducted exhibited that the rural consumers are willing to dole out anything between Rs 3,500 and Rs 2,900 as premium each year. In the insurance, the awareness level for life insurance is the highest in rural India, but the consumers are also aware about motor, accidents and cattle insurance. PLAYERS OF INSURANCE COMPANIES IN INDIAN MARKET LIFE INSURANCE COORPORATION OF INDIA ICICI PRUDENTIAL BIRLA SUN LIFE BAJAJ ALLIANZ SBI LIFE INSURANCE HDFC STANDARD TATA AIG MAX NEW YORK AVIVA OM KOTAK MAHINDRA ING VYSYA MET LIFE MEANING OF QUALITY SERVICE: (Quality of Service) Consistent performance. Certain network services need to be delivered at a certain minimum performance level to be useable for example, a video or audio clip will stutter and break up if the bandwidth is inadequate. QoS refers to a network systems ability to sustain a given service at or above its required minimum performance level. Short for Quality of Service, a networking term that specifies a guaranteed throughput level. One of the biggest advantages of ATM over competing technologies such as Frame Relay and Fast Ethernet, is that it supports QoS levels. This allows ATM providers to guarantee to their customers that end-to-end latency will not exceed a specified level. REVIEW OF LITERATURE Studies on life insurance consumption dates back to Heubner (1942) who postulated that human life value has certain qualitative aspects that gives rise to its economic value. But his idea was normative in nature as it suggested how much life insurance to be purchased and not what will be purchased. There were no guidelines regarding the kind of life policies to be selected depending upon the consumers capacity and the amount of risk to be carried in the product.The ongoing discussion also reveals that individuals current income and future anticipated consumption expenditure plays a crucial role in determining the amount of insurance purchased (we are, for a while ignoring the form in which insurance is purchased). The importance of rate of interest or the impatience factor is also worth considering. Preferences over different consumption pattern vary from person to person and there are qualitative factors which affects such preferences. Using the expected utility framework in a continuous time model, Yaari (1965) studied the problem of uncertain lifetime and life insurance. Including the risk of dying in life cycle model, he showed conceptually that an individual increases expected lifetime utility by purchasing fair annuities. Simple models of insurance demand were proposed by Pratt (1964), Mossin (1969), Smith (1968) and others; considering a risk adverse decision maker with an initial wealth. The results indicate that demand for life insurance varies inversely with the wealth of the individuals. Hakansson (1969) used a discrete-time model of demand for financial assets and life insurance purchase in particular to examine bequest motive in considerable detail. Headen and Lee (1974) studied the effects of short run financial market behavior and consumer expectations on purchase of ordinary life insurance and developed structural determinants of life insurance demand. They considered three different sets of variables: first, variables stimulating demand as a result of insurer efforts (e.g. industry advertising expenditure, size of the sales force, new products and policies, etc.); second, variables affecting household saving decision (e.g. disposable, permanent and transitory income, expenditure expectation, number of births, marriages, etc.) and lastly, variables determining ability to pay and size of potential markets (e.g. net savings by households, financial assets, and consumer expectation regarding future economic condition). They concluded that life insurance demand is inelastic and positively affected by change in consumer sentiments; interest rates playing a role in the short run as well as in the long run. Pissarides (1980) further extending Yaaris work proved that life insurance was theoretically capable of absorbing all fluctuations in lifetime income. Lewis (1989) found out that the number of dependents as an influence on the demand for life insurance. To sum up, the theoretical review yields macroeconomic variables like income, rate of interest, and accumulated savings in wealth form; along with a set of demographic or social variables having potential impact on an individuals decision to opt for or not to demand insurance. Life insurance consumption increases with the breadwinners probability of death, the present level of familys consumption and the degree of risk aversion. OBJECTIVES OF RESEARCH To find that which factors people keep in their mind sat the time of getting any insurance policy. TO know the service quality of insurance companies in Jalandhar city To know the perception of customers regarding insurance service in Jalandhar city. RESEARCH METHODOLGY Research is the systematic and objective identification, collection, analysis, dissemination and use of information for the purpose of improving decision making related to the identification and solution of problems and opportunities in making. RESEARCH DESIGN- DESCRIPTIVE RESEARCH FOR my study I have choose descriptive research design because in my study I have to know the effect of motivational forces. In this I have describe the effect of motivational forces. DATA SMPLING Data extent- Jalandhar (Punjab) Sample size-60 Sampling technique-Stratified sampling DATA COLLECTION PRIMARY DATA- Questionnaire SECONDARY DATA- Journals, magazine, newspaper. For my project, I have decided on primary data collection method by filling up the questionnaire from customers residing in jalandhar city I also followed secondary data collection method using various websites, journals and magazines for collecting information under my term paper project. LIMITATIONS Research was limited to Jalandhar city only. Some of the respondents were not ready to give proper response feeling risky to feel the questionnaire. Some of them were feeling unsecured by filling up the questionnaire. Most of the people were not aware of the importance of life insurance service in their life. They are not aware how useful life insurance can be for their family members if something happens to them. They are of the view that Insurance policies do not give good results They are not aware of modern unit linked insurance plans .they are still under the perception that if they take insurance they will get only 5-6%returns which in not true now days. People are still today not aware of the earning opportunity that an insurance service provides. FINDINGS LIC is the best service provider as compared to other insurance companies. Maximum of the respondents are not aware of benefits provided by insurance policies. Most of the people give more importance to life insurance policies as compared to other insurance policies. People think public insurance companies provide more security than private ones now days. Most of the people are also of the view that services provide by public insurance companies are better than private companies that is why most of them get insured their self and their family in public insurance company now days.

Annexation Of Texas Essay -- Texas Independence

Thesis: The nine years of Texas’s independence were long and seemed to be dragged out. Were those nine years unnecessary and could it have been done in a shorter period of time? 13 October 1834 was the first revolutionary meeting of the American citizens who’d settled in Mexico, in the area soon to be known as Texas. The people attempted a movement that soon was laid to rest by the Mexican Congress. Attempts at independence were silenced for the time being and the elections of 1835 proceeded forward. With Santa Anna moving to control Mexico, and taxes increasing, Texans grew restless and rowdy. A Texan, William B. Travis and a small group of Texans attacked a squad of Mexican troops in Anahuac with the motive that â€Å"taxes should not thus be collected from them to support a standing army in their own country† (SOS 1) and soon drove them back. Travis retreated to San Felipe and were assisted to Bexar. Skirmishes and the threat of war with Mexico soon followed. Come 1835, the idea of independence was extremely popular within the territory of Texas. Assemblies were held in the later months of 1835 and soon the revolution had spread like wildfire. From the interior of Mexico, Stephen Austin returned with news from Santa Anna (the Mexican President) and stated Anna wanted nothing better than Texas’ prosperity and would promote the idea everywhere. Texans felt these words to be hollow, and rallied to the idea of independence and annexation to the United States. Within months, the nation was on the edge of war. With the smallest little spark enough to explode into chaos. Mexico saw the fire of revolution in the Texans and acted quickly. They soon sent spies in to observe the actions of the Texans and slowly started to move troop... ... pro or an antislavery state? It took nine dragged out years to be annexed to the US. So with the new US president James K. Polk being inaugurated in 1845 and one of his priorities being to claim texas, it seemed to set things in motion. 12 April 1844 was the Treaty of Texas’ Annexation into the United States of America. We take note that Texas was accepted into the â€Å"Union States† as an anti-slave state, as were all the territories annexed from the Mexican War. So finally, on 29 December 1846, the 29th Congress met and concluded in the Joint Resolution of Congress that the Republic of Texas was to be accepted as a new state in the United States under a republican government, equal to all of the original states before it and in every respect. Texas was entitled to two representatives in the House of Representatives until the government did a census of Texas’s people.

real life :: essays research papers

Real Life 101 Everyone in high school anticipates the last day of their senior year. The day when high school is over and â€Å"real life† begins. I felt this day was the day I could be on my own. Get a full time job to support myself. Have no one telling me what to do or how to live. I could finally control my won life. Then it hit me. I can’t live a comfortable life without a college education. The first thing I did after graduation was to go out and find a real job. I was sick of school and I just wanted to start a career I could hold until I retired. I got a job at a local car dealership, Toyota of Redlands, as a technician. My job included changing oil, rotating tires and any other maintenance related duties. I thought it would be a good start and I could work my way up through the ranks and become a master technician or maybe a service manager. I quickly realized that I only enjoy working on cars in my free time, not when it was a requirement everyday. The pay also never increases unless you go to a Toyota Tech School. As I mentioned earlier I was very sick of school and Tech School did not appeal to me. One day, my manager at Toyota took me aside and told me â€Å"Kyle, you are one of our hardest workers on the lot and I know you could be manager material. In order to do that, you are going to have to go to our Toyota Certified Two Year Academy. The dealership will pay for everything.† Although this would have been a great career opportunity, making almost $200,000 a year, I really didn’t want to go back to school. I also came to the conclusion that I did not want to work on cars for the rest of my life. After working for Toyota of Redlands for two years, I found a new job at ABI/VIP Attorney Services in Redlands. The pay was better and I really did not want to do hard manual labor anymore. This job was exactly what I needed after working at Toyota. I was now sitting in an air conditioned office with no physical exertion necessary. My job at ABI consisted of sitting at my desk and scanning files, reviewing files and emailing clients.