Which Mode of Education Will You Choose? A Traditional or an Online Education System

With time and evolvement in the technology there is a change in the education system. Now we have different modes of education i.e. the traditional education, distance learning and the online courses. All have importance of their own and all will equally help us in providing us with great level of education and also in getting better employment opportunities. The traditional mode of education is still the most popular and the most expensive among all. Distance learning is not very popular as it doesn’t give the best mode of education for the students and also lacks in the provision of knowledge. Online courses is however, getting more and more popular with each passing day and is also less expensive and, in some cases, even is free.

Neglecting distance learning for this post only, we can compare the traditional and the online mode of education. A student enrolled in an online mode of education can get education from short courses to degree programs, whereas a traditional mode of education, for sure will provide every type of education to every class of student. There are online universities, colleges and other institutes providing online courses and then there are regular institutes providing education to both the traditional and the online students. The choice of education is up to the student. The student can get education through any medium and that all depends on the availability of the student.

The case for a traditional mode of education

Traditional education is the oldest and the most common way of getting education and it’s also the recommended way of study for the young students. We can look at the pros and cons of this mode of education to know it better:

Advantages

A one-to-one interaction between the teacher and the student. It’s easy to deliver things to the ones sitting in front of you and also easy to get for the students to understand in a better way.
The most common way of providing education.
Can choose from number of options.
The more preferable by all i.e. the students, the teachers, parents and the government also.
Education along with other facilities like: cafeterias, libraries, sport and other recreational activities.
Disadvantages

Education is expensive, especially in institutes where the standards, quality and the system of education is on a much higher level.
Students can have to travel long distances to reach to their educational institutes and sometimes even have to move to other locations in order to get a good standard of education. This will also increase their expenses.
Not very suitable for students doing a full-time job.
Not much flexible in terms of study hours.
The case of an online mode of education

Not very new, but as compare to the traditional education mode is new. This too has its own pros and cons and these must be kept into considerations before opting any online course:

Advantages

Usually cheaper than the traditional education system, as the cost is minimized to the lowest level.
A good but less effective mode of interaction between a teacher and a student.
The option to get education from any online institute, no matter how far that institute is. This will minimize the cost of travelling and other expenses.
Is more suitable for the people in full-time employment.
A vast option for online courses is available for students, seeking education through the online mode.
Flexibility in the study hours.

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Managing Performance – Remove The Gamble From Day to Day Management

SummaryRemember when you first became a manager? Remember when you first realized that management consists of lots of ups and downs rather than a static state with a few twists? Did you find a helpful colleague to help you? Or did you have to find out for yourself that those ups and downs make a manager’s job very demanding. It is something of a gamble. You can reduce the odds?Management Is SocialThere’s only one way to learn how to manage: on the job, working with people. You can study management endlessly. But the day to day, on-job practice of management is how you develop your skills. The many variables that constitute good management can be simulated in classrooms. But they can only be practiced effectively on the job. Management’s a social skill.The Work Of A ManagerIt’s difficult to be definitive. Managers themselves tend to repeat slogans and definitions. They explain their “responsibilities” and “obligations”.Managers’ day to day work depends onwhat they believe their job to be
experience and training
career, goals an individual values
how the manager perceives others’ expectations
organization culture
the amount of power he or she believes he has
the managers’ perceived authority
the assessment that peers will make of his or her performanceThe manager is influenced by all of this as well as their day to day job needs. As I said, it can be very demanding. Notice that there’s little mention of managing performance: the social side of the job.Notice too that there’s no mention of those 90 year old hoary chestnuts of management theory:, plan, organize, lead, control. Nor should there be!The Myth Of ControlThe textbooks tell us that managers have control. The reality often seems to be quite the reverse. Many managers have full control over what they do. All sort of situations and circumstances influence actual control in unexpected ways. Managers learn quickly that change is normal. And it’s often accompanied by totally unplanned consequences.Recognize The RealityIt really doesn’t matter how technically skilled the manager is. How good he or she is at managing the performance of employees is the real issue. That’s the reality.Three Things To Concentrate On1. Develop your communication skills. It really doesn’t matter how brilliant, intelligent and visionary you are or how outstanding your product or service is. If you can’t convince clients, prospects and staff of the value of what you do, you’ll fail. I happen to believe that effective face to face communication is the core management skill. It’s irreplaceable.2. Grasp the Great Secret. One of the great Duke Ellington’s musicians once complained about an apparent error in a musical arrangement. The story goes that Ellington replied “you’re paid to play. I’m paid to think.” That’s the “great secret”. You’re paid to “manage”: employees are paid to “operate”. You’ll be unable to manage effectively until your staff can operate effectively.3. Produce perfect employees. That’s your first job. You’ll find many ideas about how, in other articles and on my blog. Remember this: until your employees are totally competent to handle all the operating work in your business, you won’t be able to manage effectively.ConclusionLots of variables affect the work of a manager on a day to day basis. Effectively managing the performance of employees contributes to the variables. But it’s the key to effective management.Accept the uncertainty of your role. It is something of a gamble. The key is to limit the effects of the ups and downs and of course, produce perfect employees.

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Market Timing and Market Forecasting

A few decades ago, it was widely believed that the most effective way to analyze the markets for trade was to determine the fundamentals, such as the number of bushels in storage, the current demand figures, the expected harvest yield, etc. Many assumed that Technical Analysis was not useful. Reasons given were that price action is random, or that it ignores the fundamental factors of the underlying asset. The facts are quite the contrary.Many have come to learn that the old ‘buy and hold’ strategy can be a costly one. Stories abound of those who have found the value of their portfolio has only broken even (or lost value) after holding for several years. The financial crisis of 2008 highlights one of several historical periods where investors have lost millions. While it is always a good idea to know a company’s financial health as well as their future potential in sales/profits, what may be a healthy financial statement and outlook today can look a lot different tomorrow.Technical analysis focuses on price movement, anticipating price direction based on its ebbs and flows (ie. swings, cycles, etc.). Fundamental factors of any asset is built into price action, as the market discounts everything. In addition, history tends to repeat itself and this repetitive nature of price action can be anticipated and taken advantage of.Many technicians rely on various indicators that help expose some aspect of historical price data for the use of timing. Where one indicator might highlight some underlying cycle pattern that could help anticipate the next trend change period, another indicator might highlight a markets overbought or oversold condition, all relative to past price action.The technical analyst relies heavily on price charts. Certain patterns often repeat giving the technician a heads-up to a potential price break. Such patterns are given names, such as the ‘Head-and-sholders’ pattern, the ‘wedge’ or ‘flag’ formation, etc. All of these technical approaches are useful to some degree.Precise market timing is crucial in today’s volatile markets. Without greater precision in timing, the trader is exposed to a higher degree of risk and can leave more profit on the table.Let me illustrate this.For the sake of discussion, suppose that the price range of each trading day is 50 points. If your allowable risk exposure (how far you will allow the market to move against your position) is 50 points, you must enter the market on the exact day you expect the move to start in your favor to avoid being stopped out with a loss. If your allowable risk exposure is 100 points, you must be accurate in your timing within +/- one day to avoid getting stopped out with a loss. This highlights the importance of precision market timing.Now in the real world, each day the price range varies from the next. Depending on how effective your market timing approach happens to be, you may be able to risk less than the average range in points. The less precise your market timing approach happens to be, the more you should initially risk on the trade.While market timing itself can be loosely done using standard technical indicators, trend lines and moving averages, precision market timing is achievable with good market forecasting methods. Market forecasting for market timing purposes is extremely effective because, unlike most technical indicators that are ‘leading’ or ‘lagging’ in nature, a good market forecasting method can forecast a market turn to an exact day of a trend change. Giving any market forecasting method a small deviation allowance of +/- one day can give any trader an incredible edge in predicting market turns for the purpose of precision market timing and trading.Some traders are historical legends having used market forecasting methods for precision market timing purposes. Who has not heard of William Delbert Gann (better known as WD Gann)? This financial trader is famous for developing several technical approaches, such as the use of Gann angles or the trend indicator. His forecasting methods included the use of the Square of Nine, cycle analysis and market geometry. By using ‘market forecasting’ tools such as these and others, he is famously reported to have many times turned a small amount of money into a large amount rather quickly.So there are two main points that I hope you have garnered by reading this article. Point #1 is that in order to better manage your risk exposure and maximize your profit potential, the more precise you need to be with your market timing approach. Point #2 is that the most precise way to time the markets is to take advantage of market forecasting techniques, where often you can time your trades to the exact day of a new move.There are many market forecasting secrets, methods and techniques that you can learn right now to improve your market timing. Some are good, some not so good. I have spent over three decades learning, testing and discovering market forecasting approaches. When I started, there was not much available as there are today. So it has definitely seen some growth over the years and therefore you should have no problem finding the approaches that will fit your style of trading and investing.

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