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Choosing the Most Suitable Law Education for Your Career

After you have decided to consider law education as a career after completing your graduation there are two things to be considered even then. First of all you will have to choose the most suitable field of law education for you to be adopted as your career. There are several fields in legal education that can be specialized for better career prospects. Secondly the suitable and reputed law school that can provide you law education in the field of your choice. You can research through the prospectuses of various schools of legal studies to choose for a suitable law college with a reputation to get a worthy certificate in legal practice. You should not confine your search for good law institute to your region only as it is better to shift to other states to get admission in a reputed law institute for better prospect in your legal career.

The candidate of law education must have A Level certification for his undergraduate courses and passed out the aptitude tests to get admission in some reputed law school. It is necessary for a good career prospects to get admission in good law college as it ensures the standard of knowledge of the candidate. After getting admission in your desired field of law you can get specialization in that field that will add to your practice of law.

Most of the reputed law colleges select the candidates for there institution with A level certification in their undergraduate education and having good scoring in ethical and professional records from the undergraduate institute. SAT and LSAT results also control the admission process of good schools of law as these tests also include the test for writing skills of the candidates that is very much necessary for the candidates of law courses. If any candidate does not perform as per the expectation of law institute authorities, he can be turned out and most of them are strict in this respect as it effects their reputation.

It is not easy to get any law course cleared easily as every field of law has its own challenges to be cleared to make good career in it. The candidate for degree in law must be prepared to face all the difficulties in the way of getting law degree with excellent scoring to make a flourishing career throughout his life. The job prospects become bright for the candidates who become successful in getting law degree with good scoring as it is not easy to get a good job these days due to recession in world economy. There are long queues of job seekers even with excellent scores in their degree courses.

Some of the law institutions providing law education also help bachelors of law who had cleared out from their schools in placing them, through their placement cells, for some legal services with certain establishments that contact them for this purpose. But even then the placement involves the reputation of both entities, the law institute and the candidate himself. So the aspirant of bachelor of law degree must clear all his doubt during his law education well in time to be clear for all the relevant concepts of law.

Thus, you should choose the most suitable law education for you to get a certificate in legal practice with excellence for a prospective future in that field.

The Best Education For Managers

Crisis in management education

There is no consistency today in the way we educate managers. Larger organizations tend to have more comprehensive programs. If we look at the business results of the past year it will show that these programs have not been very successful. In the US over 99.9% of all organizations have less than 500 workers. Many of these organizations have little to non-existent management education. There is a great opportunity now to improve. Most of the big companies use the traditional approach. Their managers are given a combination of classroom education, role plays, and outside experts with their theories. In many cases there is little follow up and measurement around the results of the education.

What does the BEST management education look like?

The BEST management education consists of a combination of classroom discussions and real life practice. While some background theory is important, it is better to have discussions around management practices and different approaches. The problem with traditional management education is that it is standardized and designed to fit all employees at once. For example, a new manager is having attendance issues with an employee. The traditional advice is to warn the employee that his behavior will lead to punishment if not corrected. Then managers are given exercises in class to try their skills at giving tough messages to make believe employees. Managers learn the right way and the wrong way and the training is complete. Unfortunately correcting human behavior is more complex.

Management is both an art and a science

Socrates had it right when he said asking questions was the best strategy to lead people to where you wanted them to go. Management education should be focused around discussing many possible solutions and strategies that might be different for each situation. Most HR policies tend to use the same rules for all people but people are different and have many different issues and managers must learn how to approach each person in a unique way. I had an employee once who was always late.

My peer manager suggested this person was lazy and I should punish him. I took a different approach. I sat down with this person and showed empathy. After asking many questions, I discovered this person was caring for ailing parents at home and his life was just overwhelming. We worked out a new schedule which allowed this person to come to work a little later in the morning. This gave him time to take care of his parents until a nurse arrived. As a result, his productivity soared and he was never absent again. Under a strict set of policies this person would never have been given a second chance.

Invest the time to educate mission, values AND behaviors

Did you ever notice families with well behaved children who just seemed to know what to do at all time? They were very independent and almost seemed too mature for their age? This was a result of good parenting which I suspect was a combination of paying a lot of attention to the goals of the family, values, and what was expected. At work adults are just like children but with bigger bodies. All adults require care, opportunities to thrive, and strong and open communications.

Empty organizational mission

Many organizations invest the time to place charts around the building describing what the organization stands for. Missing are the charts reflecting organizational values and expected behaviors. Best manager education invests time getting people to do more than just memorize the organizational mission. Best manager educational programs discuss why the organizational mission is important and what the organizations’ values are. For example, if the organization says serving the customer is the most important value, there are countless definitions and examples of what this means. Finally, people are clearly given examples of what behaviors are expected to support the mission and values. In the above example, people are told that they are expected to make decisions at the lowest possible level using creativity when solving customer problems. This BEST manager education makes work come alive for people.

Measure for development not for rewards and silly contests

The best way to destroy management education is to surround the activities with rewards and silly games. For example, I can remember one program which gave tests and the managers who scored the highest were given dinner coupons. I can remember another program which gave out candy and movie tickets in class for participation. The BEST management education activities are open to all employees and have follow up opportunities after class to manage!

Everyone can benefit from management education

Many organizations only offer their management education activities to their star performers, emerging leaders, and other equally silly and useless categories. First, the BEST system gives opportunities to all people to go through management education. The BEST management education figures out a way and then process to enable all people to manage right after the education. In some cases, people will directly lead others. In other cases, people will lead projects. For the majority of people they will be allowed to manage their own work free from micro-management, limited decision making ability, and free from the threat of punishment AND the promise of reward.

The BEST management education is a creative and inspiring process not an event. Just one look at the collapse of the US economy in 2009 is alarming enough to know that the past management practices at a global level have led us down a path of destruction and reduced quality of life. Now is the time for new management models and practices. It starts with new ways of education and what it means to be a BEST manager!

Craig Nathanson

One For All and All FOREX!

The Forex Market is so huge that it literally encompasses most of the human race within it. This article will explore the different individuals, businesses and institutions who take part in the Forex Market. Let’s start with the institutions first.

Central Banks

Central banks take part in the Forex Market primarily for the following two reasons:
1) Fix monetary policies
2) Regulate interest rates

In short, this would affect the supply and demand of their national currency in the financial system. At times, some central banks are known to “intervene” by buying or selling their own currency. An example is Japan, when the Bank of Japan intervened in 2005 by selling the Yen. This had the effect of “weakening” their currency, which helps their local exporters. Another recent example is Venezuela, when President Hugo Chavez devalued the Bolivar by 50% in early Jan 2010, also in an attempt to boost exports in a sluggish economy.

Commercial Banks & Hedge Funds

Commercial banks and hedge funds participate in the Forex Market to make money. That is the short answer. In today’s terms, more than 50% of banks’ income is derived from Forex. More so than housing/business loans! I was in a local bank the other day, and I saw a notice that said, “Interest rates for deposits upwards of SGD300,000 is now at 0.4%.” Is that pathetic or what? And that’s for a WHOLE YEAR! I make more than that in ONE TRADE!

Businesses/MNCs

Businesses take part in the Forex Market for a few reasons:

1) Hedge against currency fluctuations

Some businesses are more affected in the changes in Forex rates than others. A prime example would be importer/exporters. Japanese exporters are hurt by a high Yen because their competitive edge is lost when their goods become more expensive to importing nations. To off-set these losses, some Japanese companies actually sell USD/JPY in the Forex Market.

2) Business Costs & Expenses

As an example: A Japanese company based in Singapore would have to pay their overheads/salaries in Singapore Dollars. They also receive revenues in Singapore dollars. At the close of the financial year, the company would repatriate money back to Japan (which would mean converting Singapore dollars to Yen).

On a side-note, do you know that Chrysler, the car company which filed for bankruptcy protection last year, made more money in the Forex Market in 2003 than they did selling cars!

Retail Investors

This is by far, the most interesting group, and the one in which you and I belong to.

Let’s break this group up a little. I’ve identified 3 demographics of retail investors who take part in the Forex Market:

1) 20-35 years old

This group consists of students, young adults and perhaps some married couples. They trade Forex for financial education purposes and to earn a second source of income.

2) 35-50 years old

This group consists of entrepreneurs, married couples, business owners and traders. They trade Forex to have a global view on finance and to diversify their investment portfolio.

3) 50-65 years old

This group consists of housewives and retirees. They trade Forex to pass the time and earn some daily cash income. The “Japanese Housewives”, also known as the “Kimono Traders”, form a significant portion in this group!

Which group do you belong to?

You know what? It really doesn’t matter. The Forex Market is BIG enough for all of us combined! So let’s start this exciting journey today!

It’s one for all and all FOREX!