Saturday, May 23, 2020

A Comparison of Two Different Newspapers - 1161 Words

A Comparison of Two Different Newspapers In the following essay, I intend to compare the differences and similarities in which two different newspapers - a tabloid (The Mirror) and a broadsheet (The Times) report the same story. I will be looking at the presentation and the use of language as well as the basics of how the story is put forward and told. Both papers are reporting the same story in which Prince Philip made a statement along the lines that guns are no more dangerous than cricket bats following a shooting at a school in Dunblane in Scotland. In general there are many differences between tabloids and broadsheets. A tabloid is smaller than a broadsheet, usually being about half the†¦show more content†¦The headline claims the Prince to be foolish in the form of a pun - foolip. In an article the lead paragraph is designed to have a large impact on the reader which sums up the story in a short space. This is useful for people who havent got time to read the full article. It is also designed to interest the reader so they read on. In The Mirror the lead paragraph is simple and bold, full of emotion and sensational language such as sparked outrage to over exaggerate the story. The lead paragraph is designed to be short and straight to the point but it fails to mention any positive side to the Princes comment, which is revealed later on in the article. This again shows signs of The Mirror being bias. The Times is more informative and is not bias in any way. It explains how he said that members of shooting clubs were no more dangerous than members of golf or squash clubs. The paragraph also contains more honest language and less sensational language and it over exaggerates less. The final effective presentational features in the newspapers are the pictures. In The Mirror the picture makes the Prince look stupid and foolish, in this way it ties in with the headline. The picture has been taken at a particular moment and catches the Prince with a stupid look on his face. Inside theShow MoreRelatedMedia Acts And Its Impact On Society1190 Words   |  5 Pagesan integral factor in creating and undoing social bonds, as well as communicating topics which enable social transformation. It is generally considered that political and economic subjects are rational and thus are treated as ‘men’s issues’, in comparison to social and cultural themes expressed as sensitive and accordingly correlated with femininity (Stevenson 1995). Although this is open to much criticism in terms of gender inequality, it is undoubtable that gender equality is progressing. WomenRead MoreMedia Comparison Paper737 Words   |  3 PagesMedia Comparison Paper Since we have had to make choices and distinguish between one thing and another all of our lives, most of us like to see how others make their decisions. We especially appreciate this strategy if it helps us or informs us in some way. This paper is based on the media of comparing a newspaper ad to the internet ad. When you asked us to write a Compare and Contrast paper, I did not exactly know what you meant. After researching both concepts I learned about new things, ourRead MoreAboriginal Women in Canada Essays1375 Words   |  6 Pagesof Aboriginal women’s struggle for rights and identity in Canada. To search relevant newspaper articles for this topic, the databases that were used were Lexis-Nexis Academic Universe, as well as Canadian Newsstand Major Dailies. The reason these two databases were chosen was because Canadian Newsstand offered articles from multiple newspapers in the country, therefore providing me with diverse news in different provinces other than Ontario. The article I obtained from Canadian Newsstand was CanadaRead MoreHow Much Exposure And Media Did The Individual Experience Before Voting Essay1649 Words   |  7 Pagesradio, newspaper, and internet, influence was placed upon the person prior to the election and whether or not that determined who he/she voted for. There are also outside factors that could affect the way that a person would interpret the election on television like region, state, news channel preference, etc. The list could go on because there are so many different types of media that so many different people have access too. In rural areas the only media received may be the local newspaper and aRead MoreDo Ahmadis Deserve to Live in Pakistan?1611 Words   |  6 Pagesanti-Ahmadi groups. Since this is a newspaper article, and that too an English language newspaper, the audience will be restricted somewhat as only those who read this newspaper or those who understand English will be able to read it. The author mentions the killing, abductions and murder attempts on Ahmadis especially the one that occurred in 2009. Although the writer presents his point of view effectively by using simple vocabulary, good examples and comparison however, he is biased towards Ahmadis;Read MoreA Comparison of Two Newspapers758 Words   |  4 Pag esA Comparison of Two Newspapers The Sun and the Guardian are very different newspapers, even at a first glance you can see that they are created for different purposes. The guardian newspaper is twice the size of a tabloid newspaper e.g. The Sun. and therefore has twice as much information, than a tabloid. A Tabloid newspaper focuses on the images, and has less information Read MoreLanguage As A Medium Of Communication957 Words   |  4 Pagesof communication between two individuals and it has two forms that are oral and written. The written language is best known as ‘LIPI’ (script). Every language has its own character set, representation structure and rules, but aim was same and that is ‘Communication’. Communication by means of the printed word to a mass audience of in a form of Newspapers built bridge for progress and upliftment of a country. The rapid expansion of the Internet was accompanied by a newspaper revolution. Growth in technologyRead MoreThe Use of Metaphors and Epithets in Business Texts891 Words   |  4 PagesBusiness English deals with specific lexis: acronyms, abbreviations; and other lexical features that has to be taken in consideration when reading, translating or comprehending texts and newspaper articles. The feature that we are focusing on in this paper is the use of metaphors and epithets in business related articles. The reason for this particular choice is quite simple, as basically a substantial part of all research in the field of Business English focused on the practical facet ofRead MoreEssay Writing Forms and Styles1402 Words   |  6 Pagesthe different forms and styles of essay writing. These forms and styles are used by a range of authors, including university students and professional essayists. [edit]Cause and effect The defining features of a cause and effect essay are causal chains that connect from a cause to an effect, careful language, and chronological or emphatic order. A writer using this rhetorical method must consider the subject, determine the purpose, consider the audience, think critically about different causesRead MoreA Comparison of Two Newspapers556 Words   |  3 PagesA Comparison of Two Newspapers There are many tabloid and broadsheet newspapers but now however there are online versions of these popular papers. Two examples, one tabloid and one broadsheet, are The Mirror and The Guardian. When newspapers first came out there were no online versions as the Internet was not invented yet, and therefore was a very basic but effective form of communication. Times move on and therefore the online versions were invented, as were the spoken

Monday, May 18, 2020

Analysis Of Persepolis The Story Of A Childhood By...

In light of the analysis of the graphic novel of Persepolis: The Story of a Childhood by Marjane Satrapi, it is clear that events portrayed in the novel represent the tribulations and tragedies that various citizens of Iran experienced upon the downfall of Reza Shah, the Islamic Revolution, and the Iran-Iraq War. In terms of plot, the story is told through the memoirs of upper middle class Tehran female citizen, Marjane Satrapi aka â€Å"Marji†, as she recounts her perceptions and views of the overthrow of the Shah’s regime, the success of the Islamic Revolution, and the devastating effects of the war with Iraq in relation to her transitioning beliefs on matters and how they affected loved ones. Each of these events showcased an extensive change in reform and Iran cultural values which shaped what views, lifestyles, and choices were supported and vilified by the masses. Furthermore, the story showcases the influences that foreign powers such the United States and Iraq p ermeated into Iran society along with the changing reception of foreign actions and ideologies throughout the 1970s and 1980s. The novel also displayed the issues related to male and female expectations of behavior in response to regime changes and cultural values during the transitions. The author subtly makes the point in her past recollections and her views on the events that transpired that the people of Iran were distinctly divided in terms of what ideology was supported. She also made a point to affirm thatShow MoreRelatedAnalysis Of The Book The Complete Persepolis 2283 Words   |  10 Pagesform of freedom.† In The Complete Persepolis, it is clearly seen that when a standard is set for women’s attire, restrictions of other freedoms come along with it. Throughout the book, the author, Marjane Satrapi, recounts her life in Iran after the Islamic Revolution of 1979, and the difficulties she encountered. She struggled with restricted freedoms, strict religious ru le, and a sense of statelessness. In the opening illustrations, she describes her childhood and her transition from a secularRead MoreThe Complete Persepolis By Marjane Satrapi2268 Words   |  10 Pages Review of Literature While I will pull from other sources, the main focus of this paper will be The Complete Persepolis by Marjane Satrapi. Throughout this graphic novel, Satrapi tells her life story and what it was like growing up in Iran. In the opening illustrations, she describes her childhood and her transition from a secular school to one that was religious and separated by gender. At this time it had become law for a woman to wear the veil, or head scarf when in public. Iran transitionedRead MoreMemories And The Formation Of Reality1666 Words   |  7 PagesIn cinema, flashbacks are interruptions that take the narrative back in time from the current point in the story. They are often used to provide background and context to recount current events of a narrative filling in crucial backstories. In its basic form, the flashback is introduced when a presented image dissolves to another image of the past, which can be either as â€Å"a story-being-told or a subjective memory.† (Turim) For e xample, dream sequences and memories are methods used to present flashbacksRead MoreMemories And The Formation Of Reality1688 Words   |  7 PagesIn film, flashbacks are interruptions that take the narrative back in time from the current point in the story. They are often used to provide background and context to recount current events of a narrative filling in crucial backstories. In its basic form, the flashback is introduced when a presented image dissolves to another image of the past, which can be either as â€Å"a story-being-told or a subjective memory.† (Turim, pg. 1) For example, dream sequences and memories are methods used to presentRead MoreLiterary Criticism : The Free Encyclopedia 7351 Words   |  30 Pagesnavigation, search In literary criticism, a Bildungsroman (German pronunciation: [ˈbÉ ªldÊŠÅ‹s.Ê oËÅ'maË n]; German: novel of formation, education, culture),[a] novel of formation, novel of education,[2] or coming-of-age story (though it may also be known as a subset of the coming-of-age story) is a literary genre that focuses on the psychological and moral growth of the protagonist from youth to adulthood (coming of age),[3] in which character change is extremely important.[4][5] Contents [hide] 1

Tuesday, May 12, 2020

The Effects Of Advertising On The Society - 936 Words

Promotion is evident everywhere we go, but can the endless bashing result in it all turning counterproductive? In numerous marketing platforms and regions one can find advertisers playing the role of the bully. Egotistic, maybe even narcissistic qualities run true for most companies in this day in age. Competition has been present since the day all living things existed. It is the foundation of any healthy economy or market; conversely competition can go too far or form into something entirely different. In addition, some companies will do anything to boost sales even if that means sacrificing common etiquette or logic to the masses and against their rivals. Advertising is always evolving and adapting, and for now companies and their advertisers through their advertisements are appearing more cynical and critical by the day. Competition has been a motivating force since man was created. It is a driving pressure that one is better than the other. The way companies approach this tactic is what strikes me the most. The word Egotistic comes to mind when I think of advertisers. As I aspire to become one myself, I do notice a trend in today s strategies. Bullying around other companies has become prominent. If the leader of that portion of the market knows they have a big upper hand, they will exploit it and stomp on the others in any way they can. To represent this I used an ad from Directv which claims it is better than Dish simply based off of the amount of people whoShow MoreRelatedEffect Of Advertising On Society Essay1728 Words   |  7 PagesTalking about advertising, on the one hand, it is good for its functions, displays, etc.; on the other hand, sometimes it is too good to be true, the way they bring the messages to the consumers which state â€Å"the number one †¦Ã¢â‚¬ . What truly are the m iscommunications and how do the viewers react to different types of stimulation among those, are there negative or positive results? This review of literature scope was led by the following question: When it comes to communication and advertising are there positiveRead MoreAdvertising And Its Effects On Society844 Words   |  4 Pageslogo, and flyers left on windshields as a form of advertising (2011, p.130). According to Medoff and Kaye, advertising serves an educational, social and economic purpose (2011, p.137). Although advertising appears beneficial in many features, it too has its drawbacks and can be similarly unfavorable. Advertising will perhaps become increasingly ubiquitous, increasingly influential, and increasingly controversial (Advertising, 2011, p.152). Advertising is highly criticized, not so much for its very natureRead MoreAdvertising And Its Effects On Society1167 Words   |  5 PagesCome To Advertising has found ways to be subtle about how they go about demeaning and dehumanizing different genders, races, ages, ethnicities, cultures, and sexual orientations. Society would like to believe that advertising has improved from the days of showing women’s place in the kitchen and only having light skinned models but now advertising companies have just become sneakier and wittier about the way they portray people and the worst part is that society encourages it. Society, as a wholeRead MoreThe Effect Of Advertising On Society1911 Words   |  8 Pagespromotions as they see it as an essential tool in an increasingly capitalistic free market to fuel economic growth. Unfortunately, the surge of unchecked advertising has lead to some adverse effects on societies whether they be moral or ethical in nature. The SAFRA gym advertisement, is an impeccable example of the adverse effects of advertising in today’s society. The advertisement depicts a lean woman who is wear ing purple tank top and tight black leggings working out uncomfortably, as two men watched herRead MoreAdvertising And Its Effect On Society1442 Words   |  6 Pagesproduct. Although sometimes advertising can be quite annoying, it can also help in persuading you to buy a product or service. You may be looking for a specific product for a specific purpose or maybe you have heard of a product simply through its exemplary advertising. There are different viewpoints to advertising and many different ways that it appeals and relates to us as individuals and as a society. Today, in order for the advertisements to stay true to their advertising, there has been a set ofRead MoreEssay on The Effects of Advertising on Society 1585 Words   |  7 PagesIn a society where malls have replaced parks, churches and community gatherings, many people no longer take time to meet their neighbors; people move frequently as though cities are products to be tried, like differing brands of shampoo. Thes e unfortunate occurrences can be the result of many causes, one of them being advertising. Advertising is designed to foster a desire to purchase goods and services, yet it is much deeper than that—advertising is a system of effective manipulation that twistsRead More The Effects Of Advertising On Society Essay573 Words   |  3 Pages The Effects of Advertising on Society nbsp;nbsp;nbsp;nbsp;nbsp;Fr. Kavanaugh was on the mark when describing the effects of advertising on society. Our moral values are being degraded by the bombardment of impropriety by the media. Adler would be quick in pointing out the reason why these messages have such a negative effect on people. There are two main tactics advertisers use to sell their product: either imply that their product will bring about the achievement of a particular (usuallyRead MoreNegative Effects Of Advertising On Society713 Words   |  3 PagesSociety is constantly being exposed to loads of information through advertisements, but not many people stop to think of the effects of such exposure. Consumer’s lack of regard for the information thrown at them is a gateway for shady corporations to poison innocent minds. Society has an unknown poison- advertisement. Massive corporations get away with influencing the minds of unsuspecting masses by merely stating that advertisements from their company simply inform the public. Advertising can haveRead MoreThe Effects Of Advertising On Our Society1504 Words   |  7 Pagesunrealistic ideology of body perfection. This kind of product pushing comes with many different side effects that we as a consumer, might not realize. It is so detrimental that it becomes imbedded in your subconscious. Technology has made it to the point where it’s hard to tell what is real and fake. Advertising has created a pandemic in the way we view the body image of ourselves and the opposite sex in society. The â€Å"perfect† image is damaging to people causing an alarming growth in the form of psychologicalRead MorePhotography in Advertising and Its Effects on Society3789 Words   |  16 Pagesfocused on documenting dying traditions, practices, and ways of life. In 1874, the Society for Photographing the Relics of Old London was founded. In 1897 the National Photographic Record Association was founded by Sir Benjamin Stone with the aim of documenting dying rural ceremonies and traditional festivals in England.(McQuire 125) Even as early as 1855, Sir Fredrick Pollock, in a speech to the Photographic Society of London stressed the importance of the camera in its role to forever preserve

Wednesday, May 6, 2020

The Benefits Of Cancer Screenings - 766 Words

Janeska Mendez The benefits of cancer screenings Out of thousands of diseases in the world cancer is one of the many diseases found that can cause your body to eventually shut down and result in your death. It is a disease caused by a genetic mutation in your cells, causing you to become weak and unable to fight infections, this disease can be treated and cured by using a high degree of radiation called chemotherapy. Most people with a weak immune system aren t able to fight the disease for very long, so you might only be cured temporarily, the disease can come back if it has spread throughout your body. Routine cancer screenings leads to an early detection of the disease, giving you a higher chance of saving many lives. For any individual male or female there is a high risk of getting a disease based on their family history. Many people have opinions on the benefits of cancer screenings being harmful to a person s health, they say that over time the effects of high doses of radiation on the body can result in you slowly damaging your health. Said by Gilbert Welch, professor of medicine, we should be doing fewer screening mammograms, not more. Although the research of the effects of mammography may be true, having less screenings would lead to more dangers of getting a further progressed disease and having no chance of beating the disease. It isShow MoreRelatedThe Pros and Cons of Health Screening Essay1093 Words   |  5 PagesHealth screening according to Durojaiye, (2009) is a systematic application of a test or inquiry, to identify individuals at sufficient risk of a specific health problem to warrant further investigation of direct preventive action, among persons who have not sough t medical attention on account of symptoms of that problem. According to this definition the main aim of screening program is to detect disease or risk factor, among the general population, in order to implement earlier preventive or therapeuticRead MoreProstate Cancer And The American Cancer Society1529 Words   |  7 Pagesprostate cancer (Eggener, Cifu, Nabhan, 2015). In 2015, prostate cancer was the second most common cancer related cause of death among United States men (Eggener, et. al., 2015). While the majority of prostate cancers are slow growing with a 5-year survival rate of approximately 98%, statistics show that when prostate cancer is identified as metastatic, the 5-year survival rate dramatically drops down to 20-25% (Eggener, et. al., 2015). According to these numbers alone, it appears screening for prostateRead MoreImportance Of Cervical Cancer Screening1278 Words   |  6 Pages(USPSTF) recommends cervical cancer screening with cytology testing (also known as a Pap Smear) every three years in women ages 21 to 65 (U.S. Preventative Services Task Force [USPSTF], 2016a). The USPSTF has graded this recommendation with an â€Å"A† indicating that they have a high level of certainty that the screening will prove to be beneficial, rather than harmful to the patient (USPSTF, 2016a). However, if this patient would prefer to receive cervical cancer screening every five years, the USPSTFRead MoreRisks of PSA Testing Essay1595 Words   |  7 Pagesdeveloping cancer, and 10 ng/ml is a 50% risk of cancer. However, some men with normal PSA levels still have prostate cancer, while other men with high PSA levels do not. PSA levels increase with age often due to a higher prevalence of benign prostate hypertrophy (BPH). Therefore, no PSA cutoff can accurately guarantee that a man does not have prostate cancer. PSA blood levels are used for several different purposes such as to diagnose prostate cancer, evaluate treatment of prostate cancer, and toRead MoreIs Mammography A Type Of Radiologic Imaging Used For Early Detection And Diagnosis Of Breast Disease?1567 Words   |  7 Pagesdetection and diagnosis of breast disease in women† (American Cancer Society). Patients receive doses of radiation that are much larger than that of a chest x-ray. It is rarely noted, that the act, in and of itself, may contribute to the development of malignant cells. Dr. Samuel Epstein, one of the top cancer experts, explains that the premenopausal breast is highly sensitive to radiation, each 1 rad exposure increases breast cancer risk by about 1 percent. He goes on to say that a single bilateralRead MoreProstate Cancer and PSA Testing Essay1252 Words   |  6 PagesIntroduction Prostate Cancer (PCa) is the most common cancer affecting men and the second leading cause of cancer death among American men (Qaseem, Denberg, Owens, Shekelle, 2013). Medical professionals have been using prostate specific antigen (PSA) screenings along with digital rectal exam (DRE) for many years to screen for prostate cancer. PSA was first identified in 1966 in semen, followed by the identification of PSA in blood in 1979. The PSA test has been approved for use since 1994 to detectRead MoreBreat Cancer Screening Essay1514 Words   |  7 PagesBREAST CANCER SCREENING DR. DANA MORTEZ ARLECIA PURVIS JULY 17, 2011 Current research shows mammograms are stronger than in the past. In a recent study it has confirmed that mammograms benefit for women in their forties and fifties. Women feel confident about the benefits that are associated with a regular mammograms for finding cancer early. However, mammograms can have their limitations. A mammogram will miss some cancers, and it sometimes can leadRead MoreHigh Mortality Rates Among Men Essay1504 Words   |  7 PagesThe shared concern among medical professionals about the potential for higher mortality rates among men over fifty due to smoking has prompted medical professionals to encourage more lung cancer screening. Screening is recommended for all men and women under the age of 80 who are present smokers or were smokers in the past. De Koning et al. (2014) identify three sub-categories for current and past smokers between 55 and 80 years old. One category covered those with 25 years since stopping, or 20Read MoreThe Anatomy Of The Lungs1366 Words   |  6 PagesCancer of the lungs takes more lives every year than breast, colon, and prostate cancer combined. In order to prevent these statistics from happening, Low-dose Computed Tomography Scans (LDCT Scans) can be used to prevent the cancer cells from spreading. Medicare and Medicaid are willing to pay for such screenings for those who are 55-77 years of age and who have smoked a pack of cigarettes a day for over 30 years or those who are smoking currently within that age group. The cost for such screeningsRead MoreBreast Cancer : The Most Common Cause Of Death Among Women Essay1574 Words   |  7 PagesBreast cancer is the most common cause of death among women (Centers for Disease Control and Prevention, 2016). The latest data from the Centers for Disease Control and Prevention (C.D.C.) state that in 2013 230,815 women in the United States were diagnosed with breast cancer, and in 2013 40,860 women died from breast cancer (Centers for Disease Control and Prevention, 2016). From 2002 to 2012, the occurrences of a breast cancer diagnosis remained at an even level, however the death rate from breast

Strategic and Cultural Analysis of BT Group Plc Free Essays

1. Introduction BT Group Plc. is made up of four principal lines of business and operates in more than 170 countries, as one of the world’s leading providers of communications solutions and services. We will write a custom essay sample on Strategic and Cultural Analysis of BT Group Plc or any similar topic only for you Order Now The principal activities include networked IT services, local, national and international telecommunications services and higher value broadband and internet products and services. BT provides business, technology, services and support professionals around the globe (BT Group, 2010). BT is one of the FTSE 100 companies with a moderate market capitalisation of ?174.2billion as at January, 2011. It however, has a very low ranking when compared to the other FTSE 100 companies; it ranked 92nd position within the FTSE 100 group (Hemscott, 2010). The FTSE 100 companies was launched in January 1984, which is made up of the most highly capitalised blue-chip companies for share prices in the UK, representing around 81% of the country’s market. The FTSE 100 is widely used as a basis for investment products, including derivatives, funds and exchange traded funds (FTSE, 2010). The purpose of this essay is to evaluate the performance of BT Group one of the FTSE 100 companies since the financial crisis. The remaining part of the essay is organised as follows; section 2 focus on the most recent international expansion project of BT Group, Section 3 focus on the assessment of how cultural differences may hinder the growth of sustainable competitive advantage, section 4 focus on the evaluation of the financial performance of BT Group in the last four years, and section 5 concludes the essay. 2. BT Group: Recent International Expansion Project In recent year, BT Group launched a global service titled, 21st Century Network (21CN Vision). The 21CN is designed to empower end users, organisations and communications providers with control, choice and flexibility. It is a service offer to communication providers which offers the ability to scale the client’s telecommunication infrastructure to meet their business needs, reduce complexity, reduce reliance on legacy platforms and to consume computing resources as it is needed (BT Group 21CN Vision, 2010). At the heart of the 21CN is a world class Service Oriented Infrastructure platform (SOI), which enables BT Group to deliver virtualisation, Software-as-a-Service (SaaS) and enable re-usable capabilities that transform service delivery, lower cost, and accelerate deployment circles. The SOI Platform enables the clients, not only to converge voice and data, but to add mobility service such as Field Force Automation and Fixed/ Mobile convergence. It also boosts collaborationthrough tools such as audio and video conferencing and improves business process performance by lowering costs and increasing agility. The BT’s 21st Century Network extends to over 80,000 customers across 174 countries worldwide, including over 8,500 multisite government and private organisations. There are currently 1,250 PoPs, a figure that is growing at the rate of one per day. 3. Cultural Differences and Growth of Sustainable Competitive Advantage The BT Group operates across 174 countries where there are diversities of cultures. The international business literature suggests several reasons why global diversification and firm performance should be positively related. First, markets are not perfectly integrated; the involvement in more than one national market serves to balance out regional macroeconomic trends that are less than perfectly correlated. As a result, multi-national enterprises should experience greater market performance since investors recognise and reward performance stability (Shaked, 1986). Relatedly, greater spread across international markets reduces risk profile of the corporation’s overall portfolio of the business units, which in turns should have a salutary effect on corporate performance (Caves, 1982; Rugman, 1979). Secondly, international diversification may yield cost advantages by allowing the firm to expand in its domain of distinctive competence and boost production economies without resorting to product diversification (Buhner, 1987; Hirsch, 1976). Thirdly, market imperfection theory suggests that multi-nationals can exploit their home monopoly advantage (e.g. intangible firm-specific assets such as technology and brand name recognition) by increasing their international presence (Palich, 1994). Finally, international diversification can boost market power by allowing the firm to arbitrage tax regimes (Agmon and Lessard, 1977; Lessard, 1979), obtain more accurate environmental information (Vernon, 1979) and raise barriers to entry (Palepu, 1985). One glaring gap despite these advantages is a failure to consider the impact of cultural diversity. High cultural heterogeneity in MNEs global portfolio business units may offset the purported economic benefits of international diversification (Gomez-Mejia and Palich, 1997). Bartlett (1986), Bartlett and Ghoshal (1992) and Jain (1989) opines that general management expertise and technical know-how are more difficult to exploit when differences in cultural context make activity sharing and synergy formation among business units less efficient. Venkatraman, MacMillan and McGrath (1992) assert that innovation within the global firm may be impeded by cultural barriers. Heiko (1989) observed that effectiveness of technology implementation may be influenced by cultural factors. For example, the Just-in-Time (JIT) method of inventory management which was well received in Japan, leading to substantial savings has produced disappointing results in other countries. Adler (1991), Boyacigiller (1990), Harris and Moran (1992) Hendon, Hendon and Herbig (1996) concluded that attempts to successfully operate multiple business units in diverse cultural contexts may be frustrated by conflict and frictions within the firm, causes lack of cohesion and misunderstandings am ong key decision makers and communication breakdowns between boundary spanners. Cultural heterogeneity can affect the nature and effectiveness of operational human resource programs in such functional areas as compensation and awards, performance appraisal, staffing and labour relations. As diversity of culture increases, human resource programs must become more complex and sophisticated to deal with. Taken all the above arguments together, one may argue that culturally related international diversification will positively influenced performance while culturally unrelated global diversification will negatively affect firm performance. It is in the light of this that the performance of BT Group plc is evaluated. 4. Evaluation of BT Group Financial Performance Financial ratios played an important role in evaluating the performance and financial condition of an entity (Kim et al, 1989). Different ratios are commonly used in the finance literature. However, the ratios to be used for this essay are those that would be of interest to shareholders. The calculated financial ratios for BT Group Plc are presented in the appendix. The financial crisis period was the years 2008 and 2009; the impact of the crisis was reflected in the dismal performance of BT Group Plc. however, there was significant improvement in the various performance parameters as reflected in the various ratios computed from the most recent financial reports. For example the group Earnings Per Share (EPS) show a significant improvement over the previous two years EPS. Similarly the market price per share improved significantly when compared with the previous year’s market price per share. The return on assets also shows a significant improvement over those of the previous two years. 5. Conclusion On the basis of the computed financial ratios one may conclude that BT Group has benefited from its international diversification project and would be investors toast in terms or returns on investment. The implication of the above results is that BT Group business units are located in culturally related countries of the world. References Adler, N.J. 1991 International Dimensions of organisational behaviour, Boston, Kent Agmond, T. and Lessard, D.R. 1977 Investor recognition of corporate international diversification, Journal of Finance, 32, 1049-1055 Bartlett, C.A. 1986 Building and managing the transnational: The new organisational challenge. In M. E. Porter, ed., Competition in global industries, 367-404, Boston, Harvard Business School Press Bartlett, C.A. and Ghoshal, S.1990 Matrix Management: Not a structure, a frame of mind, Harvard Business Review, July- August, 138-145 Boyacigiller, N.A. 1990 The Role of expatriates in the management of interdependent, complexity and risk in multinational corporations, Journal of International Business Studies, 21(3), 357-382 Brigham, E.F. 1995 Financial Management: Theory and Practice, Hinsdale III, Dryden Press BT Group 2010 Our Company, online, http://www.btplc.com/thegroup/ourcompany/index.htm accessed on 25/01/2011 Buhner, R. 1987 Assessing International diversification of West Germany Corporations, Strategic Management Journal, 8(1), 25-37 Caves, R.E. 1982 Multinational Enterprises and the Economic Analysis, Cambridge, Lexington, Mass, Lexington Books FTSE The Index Company 2010 About Us, online, http://www.ftse.com/About_Us/index.jsp accessed on 25/01/2011 Gomez-Mejia, L.R. and Palich, L.E. 1997 Cultural diversity and the performance of multinational firms, Journal of International Business Studies, 28(2), 309-335 Harris, P.R. and Morah, R.T. 1992 Managing Cultural differences, Honston, TX, Gulf Heico, L. 1989Some relationship between Japanese Culture and the Just-in-time, Academy of Management Executive, 3(4), 319-321 Hemscott Group Limited 2010 FTSE 100 Index Prices, online, http://www.hemscott.com/prices/index-prices.do accessed on 25/01/2011 Hendon, D.W., Hendon, R.A., and Herbig, P. 1996 Cross-cultural business negotiations, Westport, Conn, Quorum Books Hirsch, S. 1976 An International trade and investment theory of the firm, Oxford Economic Papers, 28(2), 258-270 Jain, S.C. 1989 Standardisation of International marketing strategy: some research hypothesis, Journal of Marketing, 53(1), 70-79 Johanson, J. and Vahle, J. 1990 The Mechanism of internationalisation, International Marketing Review, 7(4), 11-24 Keats, B.W. and Hitt, M.A.1988 A causal model of linkages among environmental dimensions, Macro-organisational Characteristics and Performance, Academy of Management Journal, 31(3), 570-598 Kim, W.C., Hwang, P., and Burgers, W.P. 1989 Global diversification Strategy and corporate profit performance, Strategic Management Journal, 10(1), 45-47 Lessard, D.R. 1979 Transfer prices, taxes and financial markets: implications of internal financial transfers within the multi-national firm, In R. G. Hawkins, ed., Economics issues of Multinational firms, New York, JAI Press Palepu, K. 1985 Diversification Strategy, profit performance and the entropy measure, Strategic Management Journal, 6(3), 239-255 Palich, L.E. 1994 Firm risk and return: An expanded theory of international diversification, Academy of Management Best Papers Proceedings, Atlanta, 152-157 Shaked, I. 1986 Are Multinational corporations saferJournal of International Business Studies, 17(1), 83-106 Venkatraman, S., MacMillan, I., McGrath, R. 1992 Progress in the research on corporate venturing, in D. Sexton, ed., State of the art in entrepreneurship, 487-519, New York, Kent Publishing Vernorn, R. 1979 The product cycle hypothesis in a new international environment, Oxford Bulletin of Economics and Statistics, 41(2), 255-267 Appendix 1, BT Group Financial Ratios for the year ending 31st March Ratios2007200820092010 ROA10.28%1.68%-4.37%3.51% EPS reported34.45.4-12.613.3 EPS adjusted33.67.04.218.6 DPS15.115.86.56.9 Payout Ratio43.9%293.6%-54.17%51.88% Market Share Price303.75217.2578.2123.9 Div. Yield4.97%7.27%8.31%5.57% P/E Ratio8.83times40.23times9.32 times Earnings Yield11.33%2.49%10.73% Market to Book Ratio1.681.8525.38-1.14 Source: Computed from BT Group financial reports for the years ending, 2007, 2008, 2009 and 2010 [/level-freee-rstricted] How to cite Strategic and Cultural Analysis of BT Group Plc, Essay examples

Juvenile Offenders Essay Example For Students

Juvenile Offenders Essay Juvinile Should Juveniles be waived to adult court Philosophy 14 Nov 98 Should juveniles be waived to adult court. There has been tension between teens (pre-teens) and adults for thousands of years, and the question how to deal with the youth of a culture, in a punishment sense, has been with us for just as long. Socrates, for example, stated that children show little respect for there elders. Since Socrates time largely due to the spread of guns and drugs, younger and younger children are committing violent crimes. Children that have special needs or have committed a criminal act have been subject to state protection since, 1838. The first juvenile court was established in Chicago in 1890. The assumption, that was made at that time, was that the criminal justice system should work to help youngsters, not to humiliate or punish them. Along with the creation of the juvenile justice system went the creation of status offenses, these are offenses that if committed by an adult, would not be considered an offense. In the 1950s and 60s many laws were passed to protect the rights of children, in a court of law. The major decisions of this time were: Kent v. United States, In re Gault, and In re Winship. Since the time that these laws were enacted, the number of juveniles committing violent offenses has risen dramatically. There are two distinct schools of thought in this argument: side A believes that a persons age should not prevent that person from feeling the full effect of the adult court system, while side B feels that you simply cannot apply the same rules to juvenile offenders that you do to adults. I will first present side As case then Bs and finally end with my own opinion. Many states have begun enacting new laws about the transfer of juveniles, that are more harsh on juveniles. Minnesota, for example, has a new law that states a 16 or 17 year old person that has been charged with a violent offense has to prove to court why they should be tried in the juven ile system. In cases where the offender is younger than 16 the prosecutor must show why the juvenile should be waived. One of main issues of side A, is that if the offender is too old the sentence would not be severe enough for the crime that had been committed. Another issue is the overcrowding of the juvenile justice system. Many of the offenders in the juvenile system, if a few years older, would have already been sentenced to life sentences in an adult court. Side A does not believe that a persons age should be the lone determining factor for non-waiver. While side A does believe that there are a great many negative influences on todays youth, they believe that these circumstances do not dismiss that crimes that have been committed. The core belief that most of the side A advocates share is, the belief that the small percentage of the juveniles that are committing the serious crimes are past the point where a juvenile court could be of any help. Side A truly feels that by allowi ng serious juvenile offenders to be waived to adult court, thus receiving a stiffer sentence, the community, as a hole, will be much better served. Side B believes, essentially, that no child (juvenile) should be waived. Side B sees several key factors for the rise in juvenile crime. These reasons are ones that are out of the control of the juvenile. The key factors are: (a) Unemployment among teens was 19 percent in 1993, up from 15.3 percent five years earlier, and for black youths the unemployment rates were twice that. (b) Since 1970, Aid to families with dependent children benefits have declined an average of 45 percent in inflation-adjusted dollars, according to the Childrens Defense Fund. (c) In 1992, there were 14.6 million children living below the poverty line, the Childrens Defense Fund says, about 5 million more than in 1973. (d) In 1993, there were 3 million victims of child abuse, according to the National Committee for the Prevention of Child Abuse- a rate 50 percent higher than in 1985. Studies also indicate that the majority of prison inmates were abused as children. (e) Teen suicide rates increased nearly 20 percent during the 1980s. Side B also reminds us that the percentage of kids arrested has remained fairly constant during the past 10 to 15 years. The charges that juveniles that are sent to adult facilities (even if protected from the population) are harassed and even raped at an alarming rate. There is also evidence that when a juvenile is waived, there is very little effort put forth to try and rehabilitate the offender. With my major being Criminal Justice Administration, I have done more than a little research on this subject. I feel that it is very important, to the society, to feel that the juveniles are being punished for their crimes, however, I believe that their rehabilitation is even more important. I believe that, up until the age of 18, every effort should be made to try an steer the juvenile in the right direction. If all t hat we do, as a society, is continue to punish the juveniles, and do nothing to address the root causes of the behavior then we will never see an improvement in the statistics. I feel that we need to realize that we should not throw a child away because a mistake in judgment, made as a child. We should never forget that however we choose to treat our nations children, we are shaping, in them, the future of our country. Legal Issues .u91398aa5a752f90488f449694bb3e351 , .u91398aa5a752f90488f449694bb3e351 .postImageUrl , .u91398aa5a752f90488f449694bb3e351 .centered-text-area { min-height: 80px; position: relative; } .u91398aa5a752f90488f449694bb3e351 , .u91398aa5a752f90488f449694bb3e351:hover , .u91398aa5a752f90488f449694bb3e351:visited , .u91398aa5a752f90488f449694bb3e351:active { border:0!important; } .u91398aa5a752f90488f449694bb3e351 .clearfix:after { content: ""; display: table; clear: both; } .u91398aa5a752f90488f449694bb3e351 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u91398aa5a752f90488f449694bb3e351:active , .u91398aa5a752f90488f449694bb3e351:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u91398aa5a752f90488f449694bb3e351 .centered-text-area { width: 100%; position: relative ; } .u91398aa5a752f90488f449694bb3e351 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u91398aa5a752f90488f449694bb3e351 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u91398aa5a752f90488f449694bb3e351 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u91398aa5a752f90488f449694bb3e351:hover .ctaButton { background-color: #34495E!important; } .u91398aa5a752f90488f449694bb3e351 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u91398aa5a752f90488f449694bb3e351 .u91398aa5a752f90488f449694bb3e351-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u91398aa5a752f90488f449694bb3e351:after { content: ""; display: block; clear: both; } READ: The Giver Essay

Sunday, May 3, 2020

Financial Status of a Real Individual-Free-Sample for Students

Question: Research the Financial Status of a real Individual and to then prepare a Comprehensive Financial Plan that suits their Circumstances. Answer: Introduction Like any strategy, this planning of the financial aspects requires following a method, with these general steps: Establish the goals of the organization, in general or by areas, and define in what order they should be achieved.Define dates for the achievement of the proposed objectives.Prepare a budget that identifies the financial instruments to be used, for what period and for what purpose to obtain the results sought.Manage the budget and measure the results to follow the route plan and make adjustments when necessary. Main Benefits of Financial Planning This planning is the basis of business growth, as it guides how resources will be used to achieve expansion, the development of new products or services, or increased sales. With optimal financial planning, the organization will anticipate many anticipated risks by using tools that allow it to prepare for the changes, and seek funding when needed (Billingsley, Gitman and Joehnk, n.d.). It is also a way of predicting the future performance of the company through sales and income projections, valuation of assets and liabilities, and to develop strategies to improve cash flow in times that are expected to be difficult. Risk Assessment and Insurance Table Risk Probability of loss Size of Loss( wks) Risk Exposure Addition of Unknown features 35% 8 2.8 Overly optimistic schedule 15% 5 2.25 New programming tools and savings 25% 15 2.5 Additional requirements 20% 20 2.5 Project approval 18% 15 0.75 Facilities not ready on time 20-25% 5 0.2-0.4 Project approval 10% 10 0.5 Insurance risk 10% 15 1.5 General risk 5% 5 0.75 Medium- and long-term planning should be a guide for purchasing equipment and inputs based on expected demand, but it will also serve as a valuable document when looking for investors or financing, as it details the real prospects of the business. Evaluate the efficiency of financial planning Evaluate the efficiency of planning It is always necessary, rigorously, to evaluate the results of planning. This implies the constant formulation of projections that take as basis the norms, the performance of a process of feedback and its later adjustment.It is necessary to use several types of budgets per area of an organization. In order for a good financial plan to exist, there needs to be a strategy (Ho and Robinson, 2012). The quality of the plans, programs and financial budgets will always be conditioned to the form and elements used in such planning. Elements to Consider in Financial Planning Financial plans cannot be perfect, since they are based on projections of the behavior of the organization to various variables, so it is necessary to constantly evaluate and adjust them when necessary. Clients Need Analysis The important thing is to consider all aspects that can influence business performance, both positively and negatively, as the company must be prepared to face, either a pick-up in demand and good management of additional revenues, sales and their impact on cash flow (Ho and Robinson, 2012). Planning how the organization's operations will be financed during a difficult time will be the key to its survival, hence the importance of having the finances in order to access funding sources. A notable factor is not losing sight of the company's overall financial landscape, getting too involved in small setbacks. Precisely from general planning must come the solution for the small stumbles that can represent a bad sales season or a shake-up of the general economy or the financial markets. Do not leave out of the forecast any variable and develop strategies for all kinds of circumstances will also better prepare the organization to face them, giving you greater chances of success in the g oals that have been established. The forecasting, management and control of the resources are the objectives of the financial planning in the company, that will guide the decision making.This will ensure that all such decisions, in all areas, lead to a common purpose and have the necessary financial backing to bring them to fruition (Swart, n.d.). No organization will grow, or get ahead of the market shakes, if you do not have planned the steps to follow in any of those situations. Improvisation can have serious consequences for any business, because it will be born of despair and will not take into account future risks. Analyzing variables, setting goals, anticipating favorable or unfavorable situations, designing budgets and strategies, measuring results and making adjustments are essential actions for good organizational performance (Swart, n.d.).They are also constant actions. You can not plan in the medium or long term, make decisions and trust that everything will go accord ing to plan. Observation of the company's behavior, of the markets and the forecast of possible risks is also an essential aspect of the work of the organization's financial planner or adviser. Do not leave loose and pre- If you want to know the advantages of financial planning in the company, we believe that the following Manual can help you a lot to sort your work. The Financial Director of the Future Key assumptions The first key assumption is the rate of return to use for the growth of the investments. A balanced portfolio uses 35% rate of return in bonds, 4% in cash. And 61% in a stock portfolio that is diverse would yield a return an 8.87%. The second assumption is to be made on the rate of inflation. Records have it that from 1975 to 2014 inflation has been on an average of 4.1%. However, inflation should be projected at 2.5% but it is important to consider the nature of the expense or income. The third assumption is the standard deviation used for investment return. A higher investment rate means that a higher standard deviation is used. A BALANCED portfolio has a standard deviation of 10.44% (LLP, Nissenbaum and Raasch, 2004). Balance sheet and Projected balance sheet Assets Amount in Dollars$ House property Cash - checking accounts 750,000 Cash - savings accounts 250000 - 120000 Certificates of deposit - Securities - stocks / bonds / mutual funds Notes contracts receivable 25000 Life insurance (cash surrender value) 10000 - Personal property (autos, jewelry, etc.) 22000 - - Real estate (market value) 120000 - Other assets (car) 30000 - - Total Assets $ 1,327,000 - Liabilities Amount in Dollars Current Debt (Credit cards, Accounts) $ 250000 - Notes payable (describe below) 27000 - Taxes payable - Real estate mortgages (describe) 750000 Other liabilities (loan ) 300000 ) Total Liabilities $ 1,327000 Net Worth $ 1,327,000 Budget/ cash flow statement INFLOWS Per month Per year INCOME Salaries, wages and commission 40000 480000 Rental income 10000 120000 Interest and dividends 200 2400 Social security benefits 300 3600 Realized capital gains 500 6000 Other income Refunds/rebates/reimbursements 0 0 Tax returns 0 0 TOTAL INFLOWS 51000 612000 OUTFLOWS income tax federal 2000 24000 savings plan 6000 72000 Charitable contributions 0 0 FINANCING ACTIVITIES Mortgage payments 1000 12000 Loan payment auto 500 6000 Other living expenses 7000 84000 Auto(insurance, fuel,service) 1000 12000 Daily living(Food,clothing,supplies) 6000 36000 Education 2500 30000 Medicare 1000 12000 Health insurance 1000 12000 Medical 300 3600 Property tax 3500 42000 Vacation and travel 0 0 Miscellaneous 5000 60000 Total Outflow 36800 441600 Net Cash flow 14200 170,400 Risk assessment Insurance Needs Finances have their origin in the completion of an economic transaction with the transfer of financial resources. This receives mainly contributions of disciplines like the economy, management, and accounting and of the quantitative methods of analysis. Finance can be defined as "the art of managing money", while financial management "refers to the tasks of the financial manager". Finances contain a set of principles, techniques and procedures, which are used to transform the information reflected in the financial statements of a company, into processed information, usable for decision making (LLP, Nissenbaum and Raasch, 2004). The cash flow of the company plays a very important role, because when it is net and positive it will indicate that the company has sufficient financing. Otherwise, it would merit additional funding. This means that cash flow is the essential element for financial forecasts, because from it the projections will be realized in order to achieve the ultimate goal or goal of any company: Tax minimization Strategies Planning and Financial Control provides the relevant aspects to be considered, as key elements in the permanent monitoring of its management and objectives to be achieved. The main tax minimization strategy is to reduce income. The higher the income, the higher the taxes paid and the lower the income the lower the taxes paid. Another way is to increase the non-taxable deductions. There is also taking advantage of tax credits and focusing attention on various credits. And lastly is increasing your withholding tax (McKeown, Kerry and Olynyk, n.d.). Investment Analysis A person who saves for the long term and does not want surprises will privilege debt instruments such as term savings accounts. Now, if the amount justifies it, and if you are willing to take a higher level of risk, could you invest your resources in a mutual fund? of medium- and long-term debt in a mutual fund of capitalization instruments? or in actions ?. In any case, nobody can tell a third party with certainty where it is better to invest, basically for two reasons: nobody knows the future nobody knows better the needs of a person than herself. The best example is the different levels of risk that people are willing to take. For those with a high risk tolerance, the most recommended instruments are capitalization, for example, stocks.The literature points out that in the long term, stocks lease more than debt instruments, but, on the other hand, the actions are riskier, so they are advisable for those who are willing to assume a probable loss of capital and not for the which, for example, are saving for the purpose of acquiring a home of their own. With the shares is involved in profitability? and business risk, instead, with debt is financed to the issuer? in exchange for an interest (Altfest, n.d.).It is always advisable to diversify the investment, if you have the resources to do so, and know the characteristics of the instruments in the market. If this is not the case, consulting with experts may be most convenient.There is always more than one option to invest.go up Aspects to consider when investing Purpose of the investment You must know the reason why you want to save or invest, or postpone your consumption today, for the future, to go on vacation or buy a car. Level of tolerated risk and desired profitability You should assess your level of tolerance to the changes associated with the price of assets v / s what you expect to gain from the investment. For example, would an investor with a low tolerated risk probably not invest in stocks? given the volatility of its price, even though this could lead to a higher return. The level of risk tolerated is a characteristic of each person and the objective of the investment. In this sense, it is relevant to know that there are instruments with different levels of risk and, therefore, different levels of associated profitability. For example, an instrument issued by the Central Bank? is less risky, but the associated return is less than other investment alternatives. Investment liquidity It is the degree of convertibility of the asset in cash without affecting its value. This variable is associated with the time at which the investment is to be withdrawn. As in the previous case, it should be kept in mind that there are instruments with different degrees of liquidity. As an example of high liquidity, we can mention the shares traded in the stock market? and that have a stock market presence, if the stock has high liquidity, the sale will probably be made at the value at which it is quoted (Altfest, n.d.). The shares of mutual funds? have been less liquid if we consider that the liquidity of these shares is related to the greater or lesser speed with which any investor can buy or sell this instrument, while maintaining the market price. Investment Deadlines It is a variable that is directly associated with the investment objective. Needs of intermediate flow It refers to the need for periodic flows or not, which has the investor. In this regard, it should be noted that there are instruments that pay for intermediate flows, others unknown and others only at the end (Examples: mortgage letters, shares, bonds zero coupon or fixed term deposit). For example, if the investor invests in shares and wants to receive cash flows, he should choose the company that contemplates a stable dividend policy. Market Access It refers to the possibility of buying or selling an instrument in the primary and secondary market. In the first one there are restrictions on the transaction, for example the sale of promissory notes by the Central Bank and in the secondary there are restrictions in amount, for example, to access the stock market, brokers require a minimum capital to the investor. Units of value and readjustment The unit in which the instrument is expressed, can be UF, IPC, US $, etc.An investor according to their requirements can choose a type of readjustment instead of another. For example, an exporter should pay in dollars, possibly want to invest in that currency to protect against changes in the exchange rate. Costs associated with investment To make certain investments, it is sometimes necessary to incur a financial cost, for example, when investing in a mutual fund, a fee must be paid to the management company and, in certain cases, a placement fee. For example, brokers, who charge commissions for the brokerage of securities. Taxation of investments It is important to analyze the tax to which the income generated by the investments are affected, as well as the tax benefits they grant.10. Guarantees and guarantees There are instruments that have specific guarantees of payment, in case the issuer can not fulfill its obligations. For example, time deposits in national or foreign currency are guaranteed by the State at 90% of their total amount, with a maximum payable cap of 108, an amount that considers all deposits held in the financial system and once in a calendar year, provided that the holder is a natural person and whether they are time deposits through registered documents or to order (LLP, Nissenbaum and Raasch, 2004). Superannuation plan In principle, a retirement plan may look the same as a pension plan, because both are a supplement to the pension, and both will allow us to live the retirement with more relief. But in reality they are two different products, with different characteristics and ways of working.By its nature: A retirement plan is actually an insurance, and is actually managed through insurance companies. Instead, a pension plan is a financial product of savings in which we make contributions that we can redeem at the time of retirement.Retirement Plan - BBVA For the ransom: The rescue is different: in the case of the retirement plan, it can be rescued at any time, provided that we meet the conditions we have agreed. If not, a penalty would be paid. For its part, the pension scheme can only be redeemed at the time of retirement, except in some exceptional cases in which it could be rescued earlier.Because of the profitability / risk ratio: As it is not a financial product, the profitability of the reti rement plan is not as high as that of the pension plan. In this respect, a plan is more attractive, but being a financial product that depends to a large extent on the progress of markets, also carries greater risk, especially in equity schemes (LLP, Nissenbaum and Raasch, 2004).Find the pension plan that best suits your savings needs: access the catalogTaxation: deduction in the Declaration of Income. Unlike the pension plan, the retirement plan is not deductible. But even if it does not distract, by redeeming the retirement plan, we will only tax the interests that the plan has generated (those that we have previously paid in installments) Superannuation plan Plan Employee contribution ( to above YMPE0% Employer contribution ( to above YMPE0% Total contribution% Governance SP Australia 6.4-6.8 12.08 18.9 Government PSSP 9.9-14 9.9-14 18.19 employer SP 6.4 6.4-6.8 12.08 Government Estate plan The assets of this individual includes Cars, rental houses, home, savings account, life insurance, investments etc. the individual would wish to distribute all these assets to his family after he dies. That is estate planningmaking a plan in advance and naming whom you want to receive the things you own after you die (LLP, Nissenbaum and Raasch, 2004). References Altfest, L. (n.d.). Personal financial planning. Billingsley, R., Gitman, L. and Joehnk, M. (n.d.). Personal financial planning. Ho, K. and Robinson, C. (2012). Personal financial planning. Concord, Ont.: Captus Press. LLP, E., Nissenbaum, M. and Raasch, B. (2004). Ernst Young's Personal Financial Planning Guide. Hoboken: John Wiley Sons. McKeown, W., Kerry, M. and Olynyk, M. (n.d.). Financial planning. Swart, N. (n.d.). Personal financial management.