Hrm With Strategic Goals And Objectives Commerce Essay

Hrm With Strategic Goals And Objectives Commerce Essay The latest emphasis among academics and practitioners on public or people management systems as a source competitive advantage has focused greater than ever on the science and practice of Human Resource Management. While academics have made a number of significant contributions to these development by means of research, Steve Kerr of General Electric has had an argument that the great number of the best work is being done by consultans and professionals in the field (Hodgetts, 1996). Actually, one could make a persuasive case that the practice of HRM has outpaced the academic work on this particullar topic. However, data on how organisations in fact manage people to provide a source of competitive advantage are insufficient. Studies that compare and distinguishes human capital management system in leading organisations are even more difficult to find. In fact, while the empirical literature linking between HRM with strategic goals and objectives of the organisations performance has c onstantly found than more effective HRM is associated with greater financial performance (Becker Huselid, 1998), what is missing is clearer understanding of how these processes work, and subsequently how organisations could actually manage their staff to help provide a basis of competitive advantages. The purpose of this essay is to examine how linking of HRM with strategic goals by any organisation would improve business performance and develop organizational cultures that foster innovation and flexibility. That is why I have considered three main points, ( heading, contents page) because of in my opinion they are the ones which will broaden the concept of this essay. I will first examine the importance of HRM to strategy as well as SHRM and its objectives. In the second part, I will look at the skills of manager which would help to improve business performance and develop or increase organisations culture. Finally, I am going to demonstrate case studies of different types of organisations which has integrated strategy of HRM. 1. Importance of HRM to strategy Human resource management has become more important to the management in general, mainly as a result of its role in providing competitive advantage, the run to competitiveness, and an awareness of the demands of the technologically advanced environment of the future. According to the findings of Strategist Michael Porter human resource management is a key to obtaining competitive advantage (Michael E. Porter, 1998). In a growing number of organizations, human resources are now seen as a source of competitive advantage. There is greater recognition that distinctive competencies are acquired through highly developed employee skills, unique organizational cultures, management processes, and systems. Increasingly, it is recognized that competitive advantage can be achieved with a high-quality employees, which enables organizations to compete on the basis of market responsiveness, product and service quality, differentiated products, and technological innovation instead of relying on low costs. An example of human resources a competitive advantage is said by John Deeres efforts to automate its factories. The pursuit of exceptional talent and experience in industrial automation, the company established a technology division ( Dyer, 1983 p.257) Another example is provided by ARCOs increased importance on human resource management issues in its executive development program (ARCO, 1986) . Examples like these points out the broader responsibilities and importance of todays more strategically oriented human resource management. Apart from its role in providing competitive advantage through a quality workforce, the needs of control labor costs also has increased the role of human resource management. As an outcome of strong pressure to control labor and other costs, managers have become more aware of the effects of inefficient use of human resources. Administrators need look no further than the underutilized workers, lack of confidence, resistance to change, the work of a ntagonistic relationship management, motivation problems, and restrictive labor practices to find the causes of low productivity. The resources allocated towards better use of human resources can become more profitable than investment in plant and equipment. Because of the potential cost efficiencies, improved human resource management can play a key role in competitive strategy and organizational development competencies. Economic turmoil also has increased the importance of the strategic role of the human resource management. Turbulence, globalization, technology, radically changing demographics, and differences in the values of the labor force have created uncertainty in the environment almost without precedent. Strategic management of human resources and the thread of human resource planning are increasingly being seen as a means of buffering environmental uncertainty. Not surprisingly, management of human resources is increasingly integrated in the formulation of strategy and p lanning process. As managing human resources becomes a more important component of competitive strategy of a company, general management has an incentive to ensure alignment and consistency between strategy and human resource practices and policies. The challenge of adaptation first comes to finding the answer to the question: What kind of people who will necessary to lead the organization in the coming years? (Miller, 1986, p12). The expectation is that people and practices that are aligned with the future strategic needs, produces superior organizational performance. While there is evidence on this point, some recent empirical studies have found higher returns to be related to the integrated and strategic human resources. He has been the recognition of the contributions of human resource management to the companys success in international efforts. This success is more likely when the international participation is rewarded and international business training is provided. Also mor e likely when selection criteria include management and promotion of international experience. However, before such contributions can be made, a coherent strategy for human resources must be developed and linked to the overall strategy organization. 1.1. SHRM and its objectives. The concept of strategic human resources management has become a widely used in management literature. In overall, the goal of the strategic human resources management is the effective implementation of those resources to meet the strategic needs of organizations and objectives. In defining the term, doctors tend to emphasize its implementation role, (Schuller, 1992, p 18-32) according to the following definitions: How the company strategy implemented effectively making everyone from the top of human organization in the background doing things that make successful business. (Ibid, p 18). A broader academic definition of the strategic human resources management, says the following: strategic human resources management is largely about how to integrate and adapt. SHRMs concern is to ensure that: a) human resources (HR) management is fully integrated with the strategy and the strategic goals and objectives of the company, b) HR practices are adjusted, accepted and used by managers and employees as part of their daily lives work (IBId). Patrick Wright and Gary McMahan have offered a similar definition of strategic human resources management (Wright, Patrick M. 1992 p 295). They defined SHRM as the pattern of a planned human resource operations and activities intended to enable an organization to achieve its objectives. Given these definitions of strategic human resources management, a general theoretical framework can now be used to organize knowledge of how human resource practices are affected by strategic considerations. Strategic human resources can make contributions to the strategy and strategic planning to set goals of organisation in a different ways. Systems such as performance appraisal, staffing, training, and compensation allowing managers to implement the organizations strategic plan. The human resources planning also links strategic management and business planning with these systems. The great number of models of strategic human resources management vision function of having an enforcement role, and has been less common to find companies that use unique human resources capabilities as a leading entry in the strategy formulation. However, more companies are turning to human resources management in the process of formulating the strategy . As an instance for it could be Arthur Andersens unique capabilities of human resource training. The accounting companys Saint Charles, Illinois, training centre, which resembles a campus of college, provides it with competitive advantage (Porter E. Michael 1998). Thousands of employees of Arthur Andersen are given uniforms training of the companys own highly regarded instructional labour at this service each year. Due to its facilities and at home instructors, the company can react quickly to the changing demands of its customers. Objectives of Human Resource Management. The objectives are pre-determined strategic goals to which person or group activity in an organization is concentrated. The institutions are established to achieve certain specific objectives. The objectives of the any industry are mostly to earn profit as much as possible while educational institutions are mostly to provide education or research etc. However, the main and the fundamental purpose of any organization is survival. Organizations are not just satisfied with this goal. Moreover the goal of most organizations is the growth or profits. Institutions to acquire and manage various resources including human for achieving the objectives. Thus, human resource management is used to divert and use its resources to achieve the objectives of the organization. So basically, the goals of human resource management derive from and contribute to the achievement of the objectives of the organization. The other objectives of human resource management are to meet the needs, aspirations, values and dignity of employees and with due concern for socio-economic problems of the community and country. The objectives of human resource management can be as following: To create and use a workforce capable and motivated to achieve the basic organization goals. To establish and maintain solid organizational structure and desirable working relationships among all the members of the organization. To ensure coordination and integration of groups within the organization by co-ordination of the individual and group goals with the employees of the organization. To create facilities and opportunities for individual and group development to coincide with the growth of the organization. To achieve efficient utilization of human resources in achieving the objectives of the organization. To identify and meet individual and group needs to provide adequate and equitable wages, employee benefits and social security To measure for challenging work, prestige, recognition, security, status. To maintain the high morale of employees and good human relations by maintaining and improving the various conditions and other facilities. To strengthen and assess human capital through continuous training and development programs. To examine and contribute to minimizing the social and economic problems such as unemployment, underemployment, inequitable income distribution and wealth to improve the welfare of society by providing employment opportunities to women and disadvantaged sectors of society . To provide fair, acceptable and effective leadership . To provide facilities and working conditions and the creation of enabling environment to maintain employment stability Management has to create a conducive environment and provide necessary conditions for achieving the objectives of personnel management after formulation. (Source from http://www.citeman.com/245-objectives-of-human-resource-management/ ) 2. Skills which manager should acquire in order to achieve strategic goals in the organisation. The human resources function sometimes does not play an important role in the process of formulating the strategy of the organization because of the inadequacies of human resources planning executives (Burack, Elmer H, 1985 p133). However, planning difficulties are not unique to these executives . In fact, the managers of all functional areas have problems with strategic planning. It is well known that managers are action-oriented, often prefer the action of the decision -making or problem- solving interactions. On the contrary, part of the planning process is conducted in isolation. There is a lack of information or knowledge of results for long periods of time. Also, It is hard to justify the time needed for planning in relation to more immediate problems that press for solutions. Thus, despite its value, many managers do not like to plan. Further, these general planning issues, there are more problems with strategic planning because it often leads to restructuring of resources tha t determine the power and status. Effects of the desire to maintain the status quo, through resistance to change is obvious symptoms such as excessive defence of the allocation of existing resources, the accumulation of the information and excessive control of the planning process by manipulating programs. Other causes of problems in the strategic planning process is the mismatch between planning tasks and competence of managers skills. Strategic planning requires considering in terms of the organization as a whole and the relationships between the organization and the many factors that affect their environment. One of the most important abilities in SHRM is to see objects at the macro level rather than processing bits of information to find solutions to problems at the micro level. One symptom of this imbalance is a propensity to fall on operational issues and the inability to complete tasks. A final problem is the lack of senior executive commitment to the strategic planning proce ss. The symptoms of this problem include attempts by managers to read between the lines to find out the real opinion of top management in the importance of the process. Human resources executives often lack the skills to play an important role in strategic planning processes of the company. Requirements for those who can operate in the strategic human resources management is beyond the requirements of functional competence. Research for the role characteristics reveals that following professional qualifications needs to be considered in the managers involvement : 1) Management information skills such as statistics, analysis, and research. 2) Planning skills, knowledge of planning and planning methodologies and statistical techniques.3) Knowledge management skills in different business functions and environmental analysis.4) Integration skills- competition in the management of organizational interfaces and skill in assessing the organization and as setting priorities. 5) Change management skills- the ability to anticipate the future, facilitate change, and organizational development activities (Baird, p 126-27). Besides the selection of human resources executives on the basis of these qualifications, the weaknesses with the current staff can be overcome, even if there are imbalances of cognitive skills. For example, planners of linking compensation with the skills and the use of planning teams can minimize the effect of individual cognitive deficits. Planning tasks can also be divided into phases, some of which may be made by those whose cognitive abilities are not well adapted to the strategy formulation. For instance, greater responsibilities for data collection can be assigned to those whose strengths are not consistent with strategic thinking (Lenz, Managing SHRM, (1986): p 57-66 ). 3. The linkage of HRM with integration of strategic goals and objectives in the different types of organisations (Cases). Integrating Strategy and Human Resources Management in the organisations. Experiences from several organizations are good examples of the integration of strategic goals with human resource management. One of the such examples is provided by the experience of Peoples Bank , a financial services company headquartered in Bridgeport, Connecticut. Massive changes began to take place in the business environment of banking with deregulation and lowering of interest ceilings. Money markets started draining the funds normally was in banks deposits, forcing them to resort to more expensive sources of funds. In addition, money centre banks began competing in the same market environment as regional banks. Peoples, which was a small regional bank, responded changing its strategy from a product orientation to one directed toward markets . With a product orientation, the products are developed and then looks for markets that sell the product. By contrast, a market orientation implies an opposite approach, where market demand are identified and then product developed to s erve the market. As a result of these changes, Peoples became a diversified financial services company with 139 branches and fully integrated banking services and stock trading presence on the Internet (Peoples Bank, Coleman M. Sharon, 2000 ). Due to major changes in the Peoples strategy, there was a recognition that new organizational structures would be needed to adapt to changes. The organization was decentralized, remove hierarchical levels formed strategic business units, and new senior vice presidencies created within a matrix structure. The bank undertook a study of the types of employees that would be required with the ability of the new strategy and the needs of the organization. The main changes took place as a result of the audit. For example, the performance appraisal system was revised. The revised system emphasizes setting goals, the achievement of individual goals by linking with HRM, and the rewards by means of achievement of the objectives of the bank, and places gr eater emphasis on performance appraisal, marketing and sales. In addition, human resource planning was more fully integrated with the strategic planning process through the synchronization of scanning processes with the banks general environmental scanning process (HRM Planning, Lesher, 1986, p 39-44). The experiences in integration of strategy and human resource management of the U.S. Navy could be another example. As a result of linking strategic planning with human resource management, the Navy was able to follow a proactive strategy that provides lower costs of labor. In this case, Navys human resources planners analyzed the labor cost savings of a strategy for their civilian employees that would replace the local wage policy with national wage policies. Through the development of human resource predictions to determine labor market reactions to these changes, planners could determine whether sufficient labor supply would be available with savings of cost strategy. In this particular example, the strategic planners of Navy also considered the impact of the reduction in private sector middle management positions and found that higher quality employees could be hired. (Atwater, et al. , 1988, p 119-36) Ingersoll-Rands experience with one of its divisions also provide a good example of the results of a strong linkage between strategy of this organisation and human resource management. Ingersoll-Rands rock drilling division was experiencing rapid growth and there was a shortages of manpower. It was also necessary to train their employees to work with new technologies and wanted to control the costs of labor. The result of the integration of human resource capabilities with its strategic planning process was that the company implemented a series of programs which also included profit sharing and participation of employee as a team in every aspects. It also had employees participate in decisions about purchasing new technology and a significant commitment to technological training. (McManis, Gerald, 1988) To conclude with this last example about the integration of strategy and human resources in Maid Bess, which specialises in manufacturing uniforms. The company faces intense competition from foreign manufacturers, and controlling of labor expenses became critical. Due to the intensity of labor, the company closely integrated human resources management with the strategic planning process in order to reduce labor cost. As a result of the integrated strategic planning process, executive vice president of the company designed a compensation program that includes bonuses that increased productivity, increases in the salaries of employees and reduce turnover. (Charles R. Greer, SHRM, 2001, p 278) Conclusion In a recent years more organizations are recognizing that human resources are a source of competitive advantage. This recognition, side by side with increasing environmental uncertainty, increased pressure to control costs and increased government regulation, have elevated the strategic role of human resource management. As a result, there is increasing involvement of HRM in strategy formulation. When human resources are the source of an organizations competitive advantage, HRM plays a critical role in providing up front to enter the corporate level, the strategic planning process in order to achieve its objectives. Human resource planning is of the important linkage with the strategy of the organization by providing input on the availability of critical manpower and by adding timing process to cope with the shortage and surpluses of employees. Other strategic inputs of SHRM functions include environmental scanning and competitive intelligence. The next level of strategy formulation, SHRM help align personnel practices, policies and programs with the strategy so that desired roles of employee and their actions will support different strategies such as innovation, quality, enhancement, cooperation, effectiveness of work, ability to performance, desire to work, cost reduction etc. A typology of activities shows how human resource activities vary in their contributions to a strategically implementation. Despite recent developments, in most companies, there is still need for greater integration of human resource planning with the formulation of organizations strategy. Factors which influencing the level of integration of the include industry differences, changes in economic activity, technological changes and demographic changes. I have provided several examples of integration of strategy in organisations and its linkage with Human Resources, and also the barriers that often have limited integration in the past. To conclude with, My personal view is that human resource managers should develop the personal skills that necessary to contribute to the process of strategy formulation.

Family Healthcare Assessment

Family Healthcare Assessment Courtney Poole   Identifying Data The family consists of four members, the mother, TM, who is a thirty six years old Caucasian female and was born August of 1980 in the state of Nebraska and is employed as an engineer with her masters degree. TM is married to the father, JM who is a fifty two years old Caucasian male and was born in June of 1964 in the state of Delaware and is currently employed as a technician lead and attended technical school. TM and JM have two twin foster children who are two years old and both of which are Caucasian males. KL and IL were born in October of 2014 in the state of Georgia. The family of four attends Evangelical Christian attending a Pentecostal Church where the Bible is recognized as the inspired word of God and provides the rule for faith and practice. The family is a member of the middle class social. The family spends their recreational and leisure time playing outside while doing things like hiking, swimming, and riding bikes. During the weekends they enjoy watching family movies and spending time with their family dog and cat. They also spend quality time with their extended family and supporting one another in attending sporting or school events. Developmental and Environmental Data The familys current development stage according to, Marcia Stanhope and Jeanette Lancaster is, Family with Preschool Children. The three main developmental tasks that the family is currently presuming are, Understanding growth and development, this includes discipline, coping with energy depletion, and arranging for individual time, family time, and couple time (Stanhope Lancaster, 2014, p. 313). The familys nuclear history consists of TM and JM who have been married for ten years since April 29th of 2006. JM the male spouse has had one previous marriage. During this time he had two children, JM who is a thirty two years old Caucasian male and was born in 1985, and AM who is a twenty eight year old Caucasian female born in 1989. TM and JM the married couple, currently have no biological children together, but are fostering to adopt two year old twin boys. The father, JM came from a very large family where he is the youngest of eight children, consisting of four males and four females. Both of his parents are deceased. His family valued hard work and respect for one another. The mother, TM also comes from a large family and is the third out of four children, consisting of three females and one male. Her father was in the Air Force and her mother primarily stayed at home as a homemaker when TM was little, but later she went back to work as the children become older. The family moved around several times as the Air Force relocated them, which in return taught them to depend on one another and seek support and friendship from their siblings. TM and JM home is a place where they want to nurture love and respect. They like to enjoy the outdoors on their twelve acre farm and also kick their feet up and watch movies and play games. Today all of TM family of origin lives nearby and they see them several times a week between attending church, getting together for family celebrations, such as, birthdays and holidays, and just everyday play dates. JM oldest brother serves as the head of the family and JM talks with him on a regular basis. For their family that is not local they will typically see them for graduations and weddings. The social media network, Facebook, has allowed them to stay in touch with all family members even those that live far away, and although Facebook is often seen as a source of entertainment, a vast majority of individuals use media devices as a means of communicating or connecting with others (Villegas, 2013). Social medic is a popular and affective form of communication today because it is a lightweight and informal form of communication. TM and JM see social media as an , important resource for upholding family relationships and a platform for socialization with physically distant family members (Villegas, 2013). Family Structure and Family Functions The family talks several times throughout the day to discuss simple things like, who will picking up the kids and what will we fix for dinner, to more serious issues like buying cars and applying for jobs. The family uses several forms of communication such as, face to face, phone, text messages, and facetime. If time is permits, for big decisions they like to talk about it, and give each other time to think on the subject, pray about it and research it if needed, and then come back to one another to discuss matters again and then decide what needs to be done. JM likes conversations to be more short and to the point. Where on the other hand TM will give as much detail as possible and if you interrupt, in return TM will then have to start all over again from the very beginning. Extended family, friends, and church also influence how family decisions are made and how both TM and JM view different situations. With JM being sixteen years older than TM and having more life experience JM t ypically stays calm and doesnt get concerned over things that TM might at times. TM and JM generally take on traditional roles in the family and around the home. Where JM takes care of most outside chores and TM takes care of indoor chores. However, some things the couple share responsibility for such as cooking. Then based on their strengths the couple may decide which one is more suited to deal with certain tasks. For example, TM tend to the bank account and take responsibility to pay for the bills, however, JM deals with getting the taxes done. They both discuss major purchases or if they need to move large amounts of money around and how that might affect other things they want to do later on. Together their most important family values are showing love, respect others, work hard, and taking care of your things. Showing love and respect are the most important values within their family because they believe if you love and respect people, animals and things in your life you will work hard to take care of them properly. These values have been passed down to TM and JM from their families of origin, religious beliefs, and learned throughout life experience. Both TM and JM come from fairly traditional families and entered their marriage with the same value set. By keeping their values and living by them they are able to address problems and conflict with less stress. Their communication style has allowed them to deal with very stressful situations as they have come up and ultimately the love and respect they share for each other allows them to consider things they may not have thought about once before. Keeping the stress in their life low allows them to sleep well at night. To the family children are seen as a blessing and they look to raise KL and IL to be independent and productive as adults. TM and JM strive to help them identify their talents, gifts, and abilities; helping them to grow in areas they are good in and helping to direct them to careers that fall in line with their personal strengths. They like to provide the opportunity for their children to participate in sports and extracurricular activities as their budgets and time will allow them to. In addition they do a lot of activities at church to help them grow spiritually and emotionally. As parents they provide and teach their children how to take care of themselves through healthy eating habits and hygiene practices, to how to interact and treat other people. Teaching their children how to be responsible and to respect one another and being consistent with boundaries and discipline are keys to raising their children. As a family, which includes their extended family, support one another in celebrations like birthdays and holidays and sporting/school events. Also they talk via phone or social media several times a day. TM and JM talk over their personal schedules to make sure they both know who can cook dinner that night and who might have errands to run. They both feel like they have a happy, healthy, and functional family that is willing to pitch in to help when the need arises. TM and JM talk daily and discuss even the smallest of decisions. When choosing to adopt the boys their extended family has been nothing but supportive throughout the entire process. As a family TM and JM have had their fair share of stress dealing with different agencies trying to adopt and also the loss of loved ones over the years. The couple has found that they can rely on each others strength. JM has a steady and logical view of things and is able to remain calm and collected. TMs strength comes in by being able to organize and complete a plan to help get through a stressful situations. As things have changed very quickly for them over the last few months they have had to adapt to being a family of four with two toddlers. They have quickly figured out that there is no need to worry about the small stuff anymore. Their concerns now are to, take care of the two boys, and help them feel like they are a part of the family and the other things will fall into place and be completed whe n necessary. From time to time they deal with stress by getting away for a little while by themselves, to read, pray, or think. Other times they might talk through things right then. A good nights sleep and physical activity always help relieve stress for both of them. Prayer is a common way for Christians to deal with stress throughout their life, and those employing prayer for health concerns are also more likely to take steps to ensure their health by engaging in health protective behaviors (Wachholtz Sambamthoori, 2012). There for it is important for nurses to know the importance prayer can have on a patients physical and mental health. Respecting this religious and spiritual behavior has a huge impact on the quality of care moving forward. Health Care Function In regards to their family healthcare beliefs, values, and behaviors the family believes it is important to stay healthy and fit. Their Christian beliefs teach them to take care of their bodies. They know that by eating right and being active they can prevent some sickness throughout their life. Their house is a caffeine free zone. TM noticed how days where she had several caffeinated drinks that she would be very restless at night, so it has been roughly three years now that they have not had any caffeine. This allows them to get better rest throughout the night. They also reduce the amount of sugar that is within their diet as well. Overall they feel that they are pretty healthy. The only family member who takes medicating on a daily basis is the father to treat his diabetes and thyroid disorder. Within the familys health history, JM had thyroid cancer over fifteen years ago and is currently managing his diabetes mellitus, and the mother has no major health history to report. They generally do not like going to a doctor, but they do know there is a time and place to use health services. They do not want to be the kind of people that run to the doctor for every little thing that comes up. They trust the advice, guidance and diagnosis provided by the physicians, but they prefer to use more natural relief verses pharmacological medication if they have the choice of doing so. Family Stress and coping and Summary Short term family stressors include legal hurtles that come along with adopting their foster kids and dealing with questions that come up from the kids and other people as well. Long term stressors are like career and job planning and advancement, raising the kids to have faith in God and to be independent as they grow up, and retirement planning. These things include trying to be healthy now to avoid illnesses that can affect you has you get older. Their family strength is that they support each other and that they have lots of support for extended family, friends, and church. Some of the coping strategies the family has used are praying, walking, and completing other tasks to get their mind off of the bringing about a new perspective, talking through the issues and worries with each other or family members and close friends. Sometimes they choose to seek council from someone who has gone through a similar situation before. They have found that most of the things they tend to worry about are worse in their mind then the reality of when the event takes place. TM tries to keep her mind from jumping to the very worst case scenario before knowing all the information. Then they are able to keep things from becoming bigger then they need to be. Sometimes it is just taking one day at a time and praying through a tough situation. In the couples earlier years in marriage if was easy to use dysfunctional techniques and means of coping with stress as they adapted to their new life with one another. At times TM and JM experienced denial of their existing problems and would use displacement to cope with the issue, but as their relationship continued to grow and they continued to actively seek God in times of need these negative and dysfunctional techniques because an issue of the past. The family has successful coping strategies that they know works well for them, and have learned to solve problems to the best of their abilities. The family provided a lot of information to where the nurse would be able to create an affective plan of action for the family. By using all the assessment tools available a detailed image of the family was able to be illustrated, and although some of the information may have overlapped at times, it was all taken into consideration to created an appropriate plan of care for the entire family. According to the objective data gathered the family demonstrates excellent means of coping with stress in their life, and equally balancing and taking responsibility between the two spouses to create a less stressful and chaotic environment for the new parents. It is important that TM and JM take time needed out of their busy schedule to also focus on themselves to prevent unnecessary stressors that could occur in the future. It would be important to form an intervention and accurately assess and discourse with the parents their current stress level and how they are currently coping and dealing with that stressor to create a positive outcome and prevent negative coping mechanism hobbits from the past occurring again. Seeing as TM and JM are new parents to two preschool aged children it is important to discuss with them who they see as their main supporter throughout this process and if they feel like they can affective depend on them in times of need. It is vital to take the time to assess the familys structure of life and in order to formulate an effective nursing plan of care. Getting to know your patients family is an essential role in caring for each of your patients regardless of what area of nursing in health care you reside in. A family assessment can help you learn about different strengths and barriers the family presents. By taking the time to listen to your patient you are completing one of the most important tasks as a nurse, forming a trusting relationship between your patient and the family. References: Stanhope, M., Lancaster, J. (2014). Foundations of Nursing in the Community: Community- Oriented Practice (4th ed.). St. Louis, MO: Mosby/Elsevier. Wachholtz, A. B., Sambamthoori, U. (2012). National Trends in Prayer Use as a Coping Mechanism for Depression: Changes from 2002 to 2007. Journal of Religion and Health, 1356-1368. doi:10.1007/s10943-012-9649-y Villegas, A. (2013, October 17). The Influence of Technology on Family Dynamics [Electronic version]. Proceedings of the New York State Communication Association, Vol. 2012. Retrieved from http://docs.rwu.edu/cgi/viewcontent.cgi?article=1062context=nyscaproceedings

Neil Simon, The Most Successful Playwright In The History Of Theatre :: essays research papers fc

Neil Simon, the Most Successful Playwright in The History of Theatre "It can be argued that Neil Simon is not only America's most successful playwright, but also the most successful playwright in the history of theatre."1 Despite being criticized for lack of substance, his hugely successful comedies are consistently revived, whether on Broadway or in other community or dinner theatres. Last week the University of Notre Dame's Mainstage season opened with the departmental premiere of Barefoot in the Park. Though the play originally opened more then thirty years ago, the themes of compatibility and compromise that it presents are still relevant today. Simon masterfully manipulated the plot of Barefoot in the Park to include all of the elements of a fine play (intrigue, credibility, surprise, etc.) and to create a viable playscript that both emphasizes the play's major themes and, just as importantly, makes the audience laugh. Simon has skillfully constructed the plot of Barefoot in the Park to showcase and emphasize his themes of compatibility and need for compromise. The plot itself starts out fairly simple. In the first act, Paul and Corie Bratter, wed but six days, move into their new apartment on the top floor of a brownstone in New York City. From the very first, the audience can see that these are two very different characters that have very different values, and yet Paul and Corie are very much in love. The plot progresses as other characters are introduced. First to visit the newlyweds is Corie's mother, Mrs. Banks. The relationship between Corie and her mother also involves a clash of very distinct personalities. With the appearance of the Bratter's eccentric upstairs neighbor, Victor Velasco, Corie sees the opportunity to play matchmaker and inject a little romance into her staid mother's life. The first act concludes with Corie's plan to bring the two together at an upcoming dinner party, much to the chagrin of her husband Paul. This creates intrigue--"that quality of a play which makes us curious (sometimes fervently so) to see 'what happens next'"2-- because the audience is left wondering whether Corie's plan will work. Thus the first act provides exposition, creates a feeling of suspense, and begins to showcase the compatibility problems in the relationships of several of the characters. The second act takes place in two parts: the first before Corie's dinner party, and the second in the aftermath. Throughout the first part of the act, Simon emphasizes the enthusiasm, spontaneity, and lack of forethought with which Corie approaches her matchmaking task. Paul, on the other hand, acts like "a stuffed shirt"3 and tries to show Corie the foolishness of her plan.

Maturation of Jem and Scout in To Kill a Mockingbird, by Harper Lee Ess

Throughout To Kill a Mockingbird Jem and Scout change tremendously. They do not change physically, but rather mentally. Their maturation can be seen as the novel progresses and by the end of the story they seem to be two completely different people. As the novel goes on, the reader can see that Jem and Scout mature even when the rest of the town does not. In part one, Jem and Scout are terrified of Boo Radley because of stories they have heard. They have never actually seen or talked to him and yet they are still children and believe most of the things they hear. The stories about Boo eating cats and squirrels are enough to scare them out of their shoes. The children love to play the game they made called â€Å"Boo Radley† which always ends with someone getting â€Å"stabbed† in the leg, just as Boo Radley stabbed his father’s leg. In part two on the other hand, Jem and Scout stop playing their game and stop telling the stories because it no longer entertains or scares them. If they had not matured, these games and stories would still frighten them. Because they have matured however,...

Hdfc Bank Essay

The first modern bank was founded in Italy in Genoa in 1406, its name was Banco di San Giorgio (Bank of St. George). Many other financial activities were added over time. For example banks are important players in financial markets and offer financial services such as investment funds. In some countries such as Germany, banks are the primary owners of industrial corporations while in other countries such as the United States banks are prohibited from owning non-financial companies. In Japan, banks are usually the nexus of cross share holding entity known as zaibatsu. In France â€Å"Bancassurance† is highly present, as most banks offer insurance services (and now real estate services) to their clients. 1.2 DEFINITION: The definition of a bank varies from country to country. Under English law, a bank is defined as a person who carries on the business of banking, which is specified as: †¢ Conducting current accounts for his customers †¢ Paying cheques drawn on him, and †¢ Collecting cheques for his customers. 1.3 OBJECTIVE OF THE STUDY: The Objective of this on the job training is to study the importance of the potential customers and their value to the bank and creating the awareness among them about the importance of current accounts and keep a good relationship with them for the bank’s benefit. 1.4 ORIGIN OF THE BANK: The name bank derives from the Italian word banco â€Å"desk/bench†, used during the Renaissance by Florentines bankers, who used to make their transactions above a desk covered by a green tablecloth. However, there are traces of banking activity even in ancient times. In fact, the word traces its origins back to the Ancient Roman Empire, where moneylenders would set up their stalls in the middle of enclosed courtyards called macella on a long bench called a bancu, from which the words banco and bank are derived. As a moneychanger, the merchant at the bancu did not so much invest money as merely convert the foreign currency into the only legal tender in Rome- that of the Imperial Mint. 1.5 PRESENT STATUS OF THE BANK: Worldwide assets of the largest 1,000 banks grew 15.5% in 2005 to reach a record $60.5 trillion. This follows a 19.3% increase in the previous year. EU banks held the largest share, 50% at the end of 2005, up from 38% a decade earlier. The growth in Europe’s share was mostly at the expense of Japanese banks whose share more than halved during this period from 33% to 13%. The share of US banks also rose, from 10% to 14%. Most of the remainder was from other Asian and European countries. . The US had by far the most banks (7,540 at end-2005) and branches (75,000) in the world. The large number of banks in the US is an indicator of its geography and regulatory structure, resulting in a large number of small to medium sized institutions in its banking system. Japan had 129 banks and 12,000 branches. In 2004, Germany, France, and Italy had more than 30,000 branches each—more than double the 15,000 branches in the UK. 1,6 FUTURE OF THE BANK : The future is integration as people will have less time for banking. People will want to process more transactions on the Internet. There will be more activity in terms of applications and services on the mobile. Geography will not be an inhibitor any more as everything is executable on the Net. â€Å"Integration is the next real big thing. As a customer you will want a one-stop shop that will take care of all your needs. For instance people will want to buy their mutual funds, redeem their mutual fund, buy insurance policies, renew policies, buy cinema tickets, railway tickets, and numerous similar transactions through the bank. The ATM will still serve as a cash dispensing medium, but the Internet and mobile will be very active†. [pic] 2.1 ORIGIN OF THE ORGANIZATION : H.D.F.C was set up on 17th October, 1977 by I.C.I.C.I. out of the consideration that a specialized institution was needed to channel household savings as well as funds from the capital market into the housing sector. H.D.F.C. has emerged as the largest mortgage finance institution in the country. The main objective of H.D.F.C. is to develop significant expertise in retail mortgage loans to different market segments and to have a large corporate client base for its housing related credit facilities. The main aim of H.D.F.C. is to support or aid in the promotion of home ownership. H.D.F.C. is India’s leading housing finance company and for all practical purposes is synonymous with the domestic housing finance industry. The primary objective of H.D.F.C is to enhance residential housing stock and promote home ownership. One of its major objectives is to increase flow of resources for housing through the integration of housing financial institutions with the domestic market. H.D.F.C. has developed a strong market reputation large shareholder base and unique consumer franchise. H.D.F.C. is India’s premier housing finance company in India as well as in international markets. It has maintained a consistent and healthy growth in its operations to remain the clear market leader in mortgages in India. The company has been constantly engaged into innovation and innovative practices since its birth. 2.2 GROWTH AND DEVELOPMENT OF THE ORGANIZATION: HDFC Bank reported a 43 percent growth in net profit at Rs.75.5 crore for the third quarter ended December 31, 2001, as against Rs 52.8 crore in the corresponding quarter previous fiscal. The jump in net profit was primarily due to other income which almost doubled to Rs 85.5 crore from Rs 47.5 crore. Speaking to analysts at a conference call today, January 15, 2002, Paresh Suthankar, head – credit risk and investments, reiterated the bank’s earlier guidance of a 25-30 per cent compounded annual growth rate (CAGR) in its top line for the next two to three years. The bank does not see any reason to revisit its guidance and stands by it. It expects the projections to hold true as long as the market environment is relatively stable and does not move to an extreme of either a boom or a total bottoming out. The bank is open to acquisitions as a vehicle of growth, but any growth via acquisitions would be over and above its projected growth rate of 25-30 per cent. At present, it is not working on any deal but there are acquisition prospects in the Indian scene, giving rise to opportunities for inorganic growth. The bank’s exposure to capital markets is around 6-7 per cent, against the Reserve Bank of India (RBI) norms of 5 per cent. The bank expects to bring it down to within the stipulated limit by the end of this fiscal. The bank has made a lot of headway in its retail thrust with retail accounts going up to 1.9 million from 1.4 million a year back. The branch network now stands at 147 outlets in 63 cities and the ATM network at 360 compared to 231 ATMs as on March 31, 2001. The debit card base is at six lakh. On the advances side, car loans have really picked up and now form almost 50 per cent of the total retail advances, with the remaining being accounted for by loan against securities and other loans. In fact in case of car loans, the bank now covers around 30 cities against just eight-nine a year back. 2.3 PRESENT STATUS OF THE ORGANIZATION: HDFC Bank Limited provides various financial products and services. It operates in three segments: Personal Banking, NRI Banking, and Wholesale Banking. The Personal Banking segment provides savings, and current and fixed deposit accounts. It also offers personal, home, two wheeler, new car, used car, gold, education, healthcare, commercial vehicle, working capital, construction equipment, and warehouse receipt loans. In addition, this segment provides safe deposit lockers; credit, debit, and prepaid cards; mutual funds, general and health insurance, bonds, and equities and derivatives products; and forex and payment services. The NRI Banking segment’s deposit products include rupee savings accounts, rupee current accounts, rupee fixed deposits, foreign currency deposits, and accounts for returning Indians. Its loan products comprise home loans, loans against securities, loans against deposits, and gold credit cards. The Wholesale Banking segment offers funded services, which consist of working capital finance, short term finance, bill discounting, and export credit; and non-funded services, such as letters of credit, bank guarantees, and collection of documents to corporations, and small and medium enterprises. It also various services to banks, financial institutions, mutual funds, stock brokers, insurance companies, commodity businesses, and trusts. As of March 31, 2008, it had a network of 761 branches and 1,977 automated teller machines in 327 cities in India. [pic] 2.4 FUNCTIONAL DEPARTMENT OF THE ORGANIZATION: HDFC Bank Limited is located in New Friends Colony, New Delhi. This organization Includes functional departments as follows: 1. Current Account Department 2. Saving Account Department 3. Trade Department 4. Salary Department 5. Cash Department 6. Demat Account Department 2.5 ORGANIZATION STRUCTURE AND CHART: [pic] 2.6 PRODUCT AND SERVICE PROFILE OF THE ORGANIZATION: HDFC Bank mainly provides three kinds of banking services: †¢ Personal Banking †¢ NRI Banking †¢ Wholesale Banking The following are the products and services provided by the HDFC bank HDFC Bank provides loans like Personal Loans , Home Loans , Educational Loans , Two Wheeler Loans , New car Loans, Used Car Loans, Overdraft Against Car, Express Loans, etc. HDFC Bank provides Credit, Debit and Prepaid Cards to help you meet your financial objectives. HDFC Bank provides facilities like Mutual Funds, Insurance, General & Health Insurance, Bonds, Financial Planning, Knowledge Center, Equities & Derivatives, and Mudra Gold bar. If you need to deal in foreign currency and keep tabs on exchange rates every now and then, transfer funds to India, make payments etc., HDFC Bank has a range of products and services that you can choose from to transact smoothly, efficiently and in a timely manner. With HDFC Bank’s payment services, you can bid goodbye to queues and paper work. HDFC’s range of payment options make it easy to pay for a variety of utilities and services. HDFC Bank provides many typ es of accounts like: †¢ Saving Account †¢ Current Account †¢ Demat Account †¢ Salary Account HDFC Bank has designed two programs to make banking easier for the customers and they are †¢ HDFC Bank Preferred Programme †¢ HDFC Bank Classic Programme. HDFC Bank offers Private Banking services to high net worth individuals and institutions. HDFC Bank offers you quick, economical and convenient options to remit and transfer funds to India. Corporate Banking reflects HDFC Bank’s strengths in providing our corporate clients in India, a wide array of commercial, transactional and electronic banking products. HDFC Bank acts as an active medium between the government and the customers by means of various services. 2.7 CURRENT ACCOUNT IN DETAIL: Features & Benefits: [pic]Free Account to account funds transfer between HDFC Bank accounts Free payment and collection through RTGS. Free payment and collection using NEFT (through Net banking) Free up to 50 Demand Drafts per month and can be issued from any HDFC Bank Branch Free up to 50 Pay Orders (PO) per month and can be issued from any HDFC Bank Branch. Free anywhere collection & payment transactions (clearing) within HDFC Bank branch network (except Dahej), up to Rs.100 lacs per month. Convenience to withdraw & deposit cash at all our branches* Free 300 â€Å"At Par† cheques leaves per month. Register for InstaAlert service and receive updates on your account as and when the select transaction happens – all this without visiting the branch or ATM! HDFC Bank offers you Doorstep Banking*, a channel, which is convenient, secure and hassle-free. Now, you can enjoy the benefits of banking right at your doorstep. The Bank will arrange to render the services like Cash & Cheque Pickup and Cash Delivery, through a reputed agency. Enjoy facilities like 24-hour Phone Banking, Net Banking and Mobile Banking that helps you check your balance & transaction details, find out the status of your cheque or stop cheque payment. Fees & Charges for Plus Current Account: Minimum Balance (Average Quarterly Balance)—————-Rs. 100,000/- Non-Maintenance Charges per quarterCharge of Rs.6,000/- per quarter, if AQB is less than Rs.50,000/- Charge of Rs.1, 500/- per quarter, if AQB is less than Rs. 100,000/- but > = Rs. 50,000/- Cheque Book Charges (Issued by Bank)——-Payable-at-par Free 300 cheques leave per month. Charges Rs 2/- per leaf beyond 300 leaves Remittance facility through own Bank: Demand Drafts (DD) payable HDFC Bank Locations (Issued from any branch) / Duplicate DDFree up to 50 DDs per month. Above 50 transactions, charges @ Rs. 25/- per Demand draft Pay Orders (PO) – on HDFC Bank Locations (Issued from Any Branch) / Duplicate PO Free up to 50 POs per month. Above 50 transactions, charges @ Rs. 25/- per Pay-order Issuance of DD/ PO through Phone BankingAll standard charges for DD / PO are applicable as above. Only DD / PO amount up to Rs 500,000/- are accepted at Phone banking. DD/PO-Cancellation/RevalidationRs.50/- per instrument NEFT/EFT Transactions: Payments————-Free Collections————Free RTGS Transactions: Payments————-Free Collections————Free Local Transactions (At home branch location) : Local cheques collections & payments—————————————Free Account to Account Fund Transfer within HDFC Bank- —————–Free Anywhere Transactions (except Dahej) Account to Account Fund Transfer within HDFC Bank-Free Payments & Collections at HDFC Bank Locations-Free up to Rs.100 lacs per month, beyond which charges @ Rs. 0.50/1000, min Rs. 25 Bulk Transaction ChargesAll transactions are subject to a maximum of 250 transactions per month, beyond which charges @ Rs.5/- per transaction would be levied. Includes all Local / Anyhwere clearing and transfer transactions Remittance facility through other Bank: Issue of Demand Drafts (DD) / Duplicate DD (Correspondent tieup)Rs.2.00 per Rs.1000/- Minimum Rs.50/- DD-Cancellation / Revalidation—-Rs.50/- per instrument Cheque Collection: Outstation through own bank——Collection: Free, only courier charges of Rs 20 per instrument Outstation through another bank (Correspondent bank locations) : Rs.4/- per Rs.1,000/-, min Rs.50/-For Clean locations (non-correspondent bank locations) & Non-MICR Cheques: Rs.6.5/- per Rs.1,000/-, min Rs 50 (inclusive of courier charge of Rs 25) Cash Transactions : 1. Cash Deposit Cash Deposit-Home Branch Location—-Free up to Rs.10 lacs per month or 50 transactions which ever is lower, Deposit in excess of Rs.10 lacs or 50 transactions will be charged @ Rs.2/- per Rs.1,000/-, minimum Rs.50/-. (Cash deposit at non-home branches within home-branch city subject to limit of Rs.100, 000/- per account per day) Cash Deposit -Non Home location——–Maximum Rs.100, 000/- per day. Charges @ Rs. 3/1000, min Rs. 50 2. Cash Withdrawal Cash Withdrawal-Home Branch—Free at Home Branch Cash Withdrawal-Non Home Branch-Intercity & Intracity——Free up to Rs.50,000/- per day, beyond which charges @ Rs.2/1000, min Rs.50/- (Only for incremental amount), Third party cash withdrawal allowed only up to maximum Rs. 50,000/- per transaction. Features & Benefits [pic]Free Account to account funds transfer between HDFC Bank accounts. Free RTGS/NEFT Transactions. Free up to 30 Demand Drafts (DD) per month and can be issued from any HDFC Bank Branch. Free up to 30 Pay Orders (PO) per month and can be issued from any HDFC Bank Branch. Free anywhere collection & payment within HDFC Bank branch network (except Dahej), up to Rs.50 lacs per month. Convenience to withdraw & deposit cash at all our branches* Free 200 â€Å"At Par† cheque leaves per month. Register for InstaAlert service and receive updates on your account as and when the select transaction happens – all this without visiting the branch or ATM! Fees & Charges for Trade Current Account [pic]Description of Charges Minimum Balance (Average Quarterly Balance) ——-Rs. 40,000/- Non-Maintenance Charges per quarter———Charge of Rs.1,200/- per quarter, if AQB is less than Rs.40,000/- Cheque Book Charges (Issued by Bank) ———-Payable-at-par 200 cheques leave Free per month. Charges Rs 2/- per leaf beyond 200 leaves Remittance facility through own Bank Demand Drafts (DD) payable HDFC Bank Locations (Issued from any branch) / Duplicate DD Free up to 30 DDs per month. Above 30 transactions, charges @ Rs. 25/- per Demand draft Pay Orders (PO) – on HDFC Bank Locations (Issued from Any Branch) / Duplicate PO Free up to 30 POs per month. Above 30 transactions, charges @ Rs. 25/- per Pay-order Issuance of DD/ PO through Phone Banking All standard charges for DD / PO are applicable as above. Only DD / PO amount up to Rs. 500,000/- are accepted at Phone banking. DD/PO-Cancellation/Revalidation——————-Rs.50/- per instrument NEFT/EFT Transactions: Payments————————Free Collections———————–Free RTGS Transactions : Payments————————Free Collections———————–Free Local Transactions (At home branch location) Local cheques collections & payments————————————-Free Account to Account Fund Transfer within HDFC Bank —————-Free Anynhwere Transactions (except Dahej) Account to Account Fund Transfer within HDFC Bank——————Free Payments & Collections at HDFC Bank Locations———————Free up to Rs.50 lacs per month, beyond which charges @ Rs. 0.50/1000, min Rs. 25 Bulk Transaction Charges All transactions are subject to a maximum of 150 transactions per month, beyond which charges @ Rs.5/- per transaction would be levied. Includes all Local / Anywhere clearing and transfer transactions. Remittance facility through other Bank Issue of Demand Drafts (DD) / Duplicate DD (Correspondent tie up) —–Rs.2.00 per Rs.1000/- Minimum Rs.50/- DD-Cancellation / Revalidation————————————-Rs.50/- per instrument Cheque Collection Outstation through own bank————–Rs. 0.50/1000, min Rs. 25 per instrument Outstation through another bank———-Correspondent bank locations: Rs.4/- per Rs. 1, 000/-, min Rs.50/-For Clean locations (non-correspondent bank locations) & Non-MICR Cheques: Rs.6.5/- per Rs.1,000/-, min Rs 50 (inclusive of courier charge of Rs 25) Cash Transactions 1. Cash Deposit Cash Deposit-Home Branch Location Free up to Rs.5 lacs per month or 40 transactions which ever is lower, Deposit in excess of Rs.5 lacs or 40 transactions will be charged @ Rs.2/- per Rs.1,000/-, minimum Rs.50/-. (Cash deposit at non-home branches within home branch city subject to limit of Rs. 50,000/- per account per day) Cash Deposit -Non Home location Maximum Rs.50, 000/- per day. Charges @ Rs. 3/1000, min Rs. 50 2. Cash Withdrawal Cash Withdrawal-Home Branch Free at Home Branch Cash Withdrawal-Non Home Branch-Intercity & Intracity Free cash withdrawals up to Rs.50, 000/- per day, beyond which charges @ Rs.2/1000, min Rs.50/- (Only for incremental amount), Third party cash withdrawal allowed only up to maximum Rs. 50,000/- per transaction. HDFC Bank Trade offers you a host of features that sets it apart from regular Current Accounts that most banks offer. They are: Free inter-city clearing between HDFC Bank branch locations (except Dahej) up to Rs.50 lakhs per month. Free Accounts to account funds transfer between HDFC Bank accounts, inter-city. Free up to 30 Pay-orders per month. Free up to 30 demand-drafts per month. Free RTGS & NEFT Transactions. Features & Benefits Free anywhere collection & payment within HDFC Bank branch network (except Dahej), up to Rs.25 lacs per month, incremental amount to be charged @ Rs.1.50 per Rs.1,000/-, min Rs.25/- Free NEFT Transactions. Free RTGS collection. RTGS payment @ Rs.100/- per transaction. Inter-city Account to accounts funds transfer between HDFC Bank accounts at a nominal charge of Rs.15/- per transactions. Free Demand Drafts (DD) above Rs.100,000/-. Demand drafts up to Rs.50,000/- at flat cost of Rs.40/-. DDs above Rs.50,000/- & up to Rs.100,000/- at nominal cost of Rs.25/- and can be issued from any HDFC Bank Branch . Free Pay Order (PO) above Rs.100,000/-. Pay Order up to Rs.50,000/- at flat cost of Rs.40/-. POs above Rs.50,000/- & up to Rs.100,000/- at nominal cost of Rs.25/- and can be issued from any HDFC Bank Branch . Free 100 â€Å"At Par† cheque leaves per month Register for InstaAlert service and receive updates on your account as and when the select transaction happens – all this without visiting the branch or ATM! Fees & Charges for Premium C/A Description of Charges Minimum Balance (Average Quarterly Balance) ————————-Rs. 25,000/- Non-Maintenance Charges per quarter—————————–Charge of Rs.900/- per quarter, if AQB is less than Rs.25, 000/- Cheque Book Charges (Issued by Bank) Payable-at-par————————100 cheques leaves Free per month. Charges Rs 2/- per leaf beyond 100 leaves Other Current Account facilities Issue of Duplicate / Adhoc Statement Branch: Rs 100/- per statement * Phone Banking: Rs 50/- per statement (Non IVR) and Rs 30/- per statement (IVR) Net Banking: Rs 30/- per statement ATM & Mobile Banking: Rs 50/- per statement. Mode of calculation of minimum average quarterly balance Average of daily closing balances of each day spread over a period of three months. Remittance facility through own Bank Demand Drafts (DD) payable HDFC Bank Locations (Issued from any branch) / Duplicate DD DD Amount Up to Rs. 50,000 charges Rs. 40/- per DD, Above Rs. 50,000 and up to Rs. 100,000- Rs. 25/-, Above Rs. 100,000- Free Pay Orders (PO) -on HDFC Bank Locations (Issued from Any Branch) / Duplicate PO PO amount Up to Rs. 50,000 charges Rs. 40/- per PO, Above Rs. 50,000 and up to Rs. 100,000 – Rs. 25/-, Above Rs. 100,000- Free Issuance of DD/ PO through Phone Banking: All standard charges for DD / PO are applicable as above. Only DD / PO amount up to Rs 500,000/- are accepted at Phone banking. DD/PO-Cancellation/Revalidation———————————Rs.50/- per instrument NEFT/EFT Transactions: Payments————————Free Collections———————-Free RTGS Transactions: Payments———————–Rs. 100/- per transaction Collections———————-Free Local Transactions (At home branch location) Local cheques collections & payments—————————-Free Account to Account Fund Transfer within HDFC Bank ——-Free Anywhere Transactions (except Dahej) Account to Account Fund Transfer within HDFC Bank Rs.15/- per transaction Payments & Collections at HDFC Bank Locations Free up to Rs. 25 lacs per month, Charges at Rs.1.50/1000, min Rs. 25 Bulk Transaction Charges: All transactions are subject to a maximum of 100 transactions per month, beyond which charges @ Rs.5/- per transaction would be levied. Includes all Local / Anywhere clearing and transfer transactions. Remittance facility through other Bank: Issue of Demand Drafts (DD) / Duplicate DD (Correspondent tie up) ——-Rs.2.00 per Rs.1000/- Minimum Rs.50/- DD-Cancellation / Revalidation————————————-Rs.50/- per instrument Cheque Collection: Outstation through own bank Rs.2.50 per Rs.1, 000/- for Cheques drawn on HDFC Bank Locations, min Rs. 50 per instrument. Outstation through another bank Correspondent bank locations: Rs.4/- per Rs.1, 000/-, min Rs.50/-For Clean locations (non-correspondent bank locations) & Non-MICR Cheques: Rs.6.5/- per Rs.1, 000/-, min Rs 50 (inclusive of courier charge of Rs 25) Cash Transactions 1. Cash Deposit Cash Deposit-Home Branch Location Free up to Rs.3 lacs per month or 25 transactions which ever is lower, Deposit in excess of Rs.3 lacs or 25 transactions will be charged @ Rs.2/- per Rs.1,000/-, minimum Rs.50/-. (Cash deposit at non-home branches within home branch city subject to limit of Rs. 25,000/- per account per day) Cash Deposit -Non Home location Maximum Rs.25, 000/- per day. Charges @ Rs. 3/1000, min Rs. 50 2. Cash Withdrawal Cash Withdrawal-Home Branch———————————-Free at Home Branch Cash Withdrawal-Non Home Branch-Intercity & Intracity Free cash withdrawals up to Rs.25,000/- per day, beyond which charges @ Rs.2/1000, min Rs. 50/- (Only for incremental amount), Third party cash withdrawal allowed only up to maximum Rs.50,000/- per transaction. With HDFC Bank Flexi Current Account your Cash Deposit and Anywhere Transaction limits are a multiple of the balance you maintain in your Current Account. So, during peak seasons, you get the benefit of higher transaction limits due to the higher average balances maintained in your account. What’s more, during lean seasons, you need not bother about maintaining huge balances to enjoy high transaction limits, which you anyway may not need. Flexi Current Account requires you to maintain a minimum Average Monthly Balance (AMB) of just Rs. 75,000. Features & Benefits Enjoy dynamic free limits on Intercity Payments, Collections & Funds Transfer as well as Cash Deposit at home location branches based on the AMB maintained* For example, you maintain an AMB of Rs.2,00,000/- in a particular month. Your dynamic free transaction limits for that month would be as per the following table: [pic] Transaction—————————————Dynamic Free Limits* Cash Deposit at Home Branch Location Anywhere Payments, Collections & Funds Transfer (except Dahej) Free up to Rs.1, 00, 00,000/- in that particular month Pay your vendors on a real time basis using Real Time Gross Settlement (RTGS) available across 23,000 Bank Branches*. What’s more, payments and collections through RTGS are completely free! Make and receive remittances to & from your vendors & customers across 20,000 + Bank Branches of more than 50 Banks through Net Banking using National Electronic Fund Transfer (NEFT), Absolutely Free! Free 40 Demand Drafts & Free 40 Pay Orders issued from any HDFC Bank Branch* Convenience to withdraw and deposit cash at all our branches*. Competitive pricing on Demand Drafts drawn on Correspondent Banking Locations as well as Outstation Cheque Collection at HDFC Bank Locations InstaAlert service – receive updates on your account as and when the select transaction happens – all this without visiting the Branch or ATM! The top position is always the coveted position. With the Apex current account, take your business to a new high. On maintaining an average quarterly balance of Rs. 10 lakhs, this account makes sure you make the most of every business opportunities coming your way. Unlimited, free, anywhere Banking experience at the APEX is reserved for you. Features & Benefits Maximum transactional benefits with faster mobilization of funds Average quarterly balance requirement of Rs. 10, 00,000/- Access to more than 750 branches Huge cost savings in inter-city transactions for payable-at-par cheque issuance, funds transfers, NEFT, RTGS or Demand Draft / Pay Order Faster collection of outstation cheques Free Intercity Cheque Collection & Payments within HDFC Bank Network (excluding Dahej). Free Account to Account funds transfer between HDFC Bank accounts. Free payment and collection through RTGS Free payment and collection using NEFT (through NetBanking) Free Demand Drafts which can be issued from any HDFC Bank branch Free Pay Orders which can be issued from any HDFC Bank branch Convenience to withdraw and deposit cash at all our branches* Free Cash Deposit up to Rs. 100 lacs per month across all home branches (subject to a maximum of 50 transactions per month and a per day limit of Rs.1,00,000/- on cash deposit at a non home branch) Choice of local / Payable at Par Cheques. Free 500 leaves per month Register for InstaAlert service and receive updates on your account as and when the select transaction happens – all this without visiting the branch or ATM! . Fees and Charges for Apex Current Account:[pic] Minimum Balance (Average Quarterly Balance)Rs. 10, 00,000/- per quarter Non-Maintenance Charges per quarter:Charge of Rs.5,000/- per quarter if AQB is less than Rs.10,00,000 but greater than or equal to Rs. 5,00,000/-; Rs.10,000/- per quarter if AQB is less than Rs. 5,00,000/- Cheque Book Charges (Issued By Bank) ——–Payable-at-par 500 cheque leaves free per month. Charges Rs 2/- per leaf beyond 500 leaves Other Current Account Facilities Issue of Duplicate / Adhoc StatementRs. 100 at Branch, Rs. 30 per statement through Net Banking and Phone Banking (IVR), Rs. 50 per statement through Phone Banking (non-IVR), ATM and Mobile Banking Mode of calculation of minimum average quarterly balanceAverage of daily closing balances of each day spread over a period of three months Remittance facility through own Bank Demand Drafts (DD) Payable at HDFC Bank Locations (Issued from Any branch)/ Duplicate DDFree without limit Pay Orders (PO) – on HDFC Bank Location (Issued from Any branch)/ Duplicate PO Free without limit Issuance of DD / PO through Phone Banking————-Free without limit Only DD amount up to Rs. 5, 00,000 for Current Apex Account holders accepted at Phone Banking DD/PO-Cancellation/Revalidation———Rs.50/- per instrument NEFT/EFT Transactions: Payments————-Free Collections————Free RTGS Transactions: Payments————-Free Collections————Free Local Transactions (At home branch location) Local cheques collections & payments——————————Free Account to Account Fund Transfer within HDFC Bank———-Free Anywhere Transactions (except Dahej) Account-to-Account Fund Transfer within HDFC Bank—————————Free Clearing Transactions-Collections &Payment at HDFC Bank locations—-Free Bulk Transaction Charges: All transactions are subject to a maximum of 500 transactions per month, beyond which charges @ Rs.5/- per transaction would be levied. Includes all Local / Anywhere clearing and funds transfer transactions. Remittance facility through other Bank Issue of Demand Drafts (DD) / Duplicate DD (Correspondent tie up)———-Free up to Rs 15 Lacs per month, beyond which charges of Rs. 1.50 per 1000, Minimum Rs. 50/- per instrument DD-Cancellation / Revalidation————-Rs.50/- per instrument Cheque Collection Outstation Cheque collection on HDFC Bank Locations—————-Free Outstation Cheque Collection on non-branch locationsCorrespondent bank locations: Rs.3/- per Rs.1, 000/-, min Rs. 50/-. For Clean locations (non-correspondent bank locations) & non-MICR cheques: Rs 4.5/- per Rs 1000/-, min of Rs 50 per transaction (includes courier charges) Cash Transactions 1. Cash Deposit Cash Deposit-Home Branch CityFree up to Rs. 100 Lakh per month or 50 Transactions whichever is lower. Deposit in excess of Rs. 100 Lakh per month or 50 transactions will be charged @ Rs.1/- per Rs. 1000/-, minimum Rs.50/-. (Cash deposit at non- home branches within home branch city subject to limit of Rs.1,00,000/- per account per day) Cash Deposit – Non Home Branch City Charges @ Rs 3 per Rs 1000/-, minimum of Rs 50 per transaction. (Maximum deposit allowed up to Rs 1, 00,000/- per day) 2. Cash Withdrawal Cash Withdrawal-Home Branch———–Free. Cash Withdrawal-Non Home Branch-Intercity & IntracityFree cash withdrawals up to Rs.2,00,000/- per day, beyond which charges @ Rs. 2/- per Rs.1000/-, min Presenting maximum benefits and minimum hassles for you with Max Current Account! With a Rs. 5 lakhs average quarterly balance requirement, we present to you a world of privileges that helps your business expand and grow. Features like maximum free transaction limits including other beneficial features on this current account truly enhances your business potential to the Maximum. Features & Benefits Maximum transactional benefits with faster mobilization of funds Average quarterly balance requirement of Rs. 5, 00,000/- Access to more than 750 branches Huge cost savings in inter-city transactions for payable-at-par cheque issuance, funds transfers, NEFT, RTGS or Demand Draft / Pay Order Faster collection of outstation cheques: Free Account to Account funds transfer between HDFC Bank accounts Free payment and collection through RTGS Free payment and collection using NEFT (through Net Banking) Free Demand Drafts which can be issued from any HDFC Bank branch Free Pay Orders which can be issued from any HDFC Bank branch Free anywhere collection & payment (clearing) up to Rs. 5 Crore per month within HDFC Bank branch network (except Dahej) Convenience to withdraw and deposit cash at all our branches* Free cash deposit up to Rs. 50 Lakh per month across all home branches (subject to a maximum of 50 transactions per month and a per day limit of Rs.1, 00,000/- on cash deposit at a non home branch) Choice of local / Payable at Par cheques. 500 leaves free per month Register for InstaAlert service and receive updates on your account as and when the select transaction happens – all this without visiting the branch or ATM! Fees and Charges for Max Current Account †¢ [pic]Description of Charges Minimum Balance (Average Quarterly Balance) ——–Rs. 5, 00,000/- per quarter †¢ Non-Maintenance Charges per quarter Charge of Rs.3,000/- per quarter if AQB is less than Rs.5,00,000 but greater than or equal to Rs. 2,50,000/-; Rs.8,000/- per quarter if AQB is less than Rs. 2,50,000/- Cheque Book Charges (Issued by Bank) 500 cheques leave Free per month. Charges Rs. 2/- per leaf beyond 500 leaves †¢ Other Current Account facilities Issue of Duplicate / Adhoc Statement Rs. 100 at Branch, Rs. 30 per statement through Net Banking & Phone Banking (IVR), Rs. 50 per statement through Phone Banking (non-IVR), ATM & Mobile Banking Mode of Calculation of Minimum Average Quarterly Balance Average of daily closing balances of each day spread over a period of 3 months. Remittance facility through own Bank: Demand Drafts (DD) Payable at HDFC Bank Locations (Issued from Any branch)/ Duplicate DD Free without limit Pay Orders (PO) – on HDFC Bank Locations (Issued from Any branch)/ Duplicate PO Free without limit Issuance of DD / PO through Phone Banking Free without limit Only DD amount up to Rs. 5, 00,000 for Current Max Accountholders accepted at Phone Banking. DD/PO-Cancellation/Revalidation———— Rs.50/- per instrument NEFT/EFT Transactions: Payments——————————-Free Collections——————————Free RTGS Transactions: Payments——————————–Free Collections——————————-Free Local Transactions (At home branch location) Local cheques collections & payments——————————————Free Account to Account Fund Transfer within HDFC Bank———————–Free Anywhere Transactions (except Dahej) Account to Account Funds Transfer within HDFC Bank————————–Free Payments & Collections at HDFC Bank Locations (except Dahej) Free up to Rs. 500 Lakh per month, beyond which charges @ Rs. 0.50/1000, min Rs.25/-. †¢ Bulk Transaction Charges All transactions are subject to a maximum of 300 transactions per month, beyond which charges @ Rs.5/- per transaction would be levied. Includes all Local / Anywhere clearing and funds transfer transactions. †¢ Remittance facility through other Bank Issue of Demand Drafts (DD) / Duplicate DD (Correspondent tie up) Rs. 1.50 per 1000, Minimum Rs. 50/- per instrument DD-Cancellation / Revalidation—————————–Rs.50/- per instrument †¢ Cheque Collection Outstation through own bank——————————–Free †¢ Outstation through another bank Correspondent bank locations: Rs.3/- per Rs.1, 000/-, min Rs. 50/-. For Clean locations (non-correspondent bank locations) & Non-MICR Cheques: Rs. 4.5 per Rs.1, 000/-, min Rs. 50/- (inclusive of courier charge) Cash Transactions 1. Cash Deposit Cash Deposit-Home Branch City Free up to Rs. 50 Lakh per month or 50 Transactions whichever is lower. Deposit in excess of Rs. 50 Lakh per month or 50 transactions will be charged @ Rs.1/- per Rs. 1000/-, minimum Rs.50/-. (Cash deposit at non- home branches within home branch location subject to limit of Rs.1, 00,000/- per account per day) Cash Deposit – Non Home City Maximum Rs.1, 00,000/- per day. Charges @ Rs.3/- per Rs.1,000/-, minimum Rs. 50/- 2. Cash Withdrawal Cash Withdrawal-Home Branch———————–Free at Home Branch Cash Withdrawal-Non Home Branch-Intracity & Intracity Free cash withdrawals up to Rs. 1,00,00/- per day, beyond which charges @ Rs. 2/- per Rs.1000/-, min Rs.50/- (Only for incremental amount), Third party cash withdrawal allowed only up to maximum Rs.50,000/- per transaction. 2.8 MARKET PROFILE OF THE ORGANIZATION: Company Profile:HDFC Bank Limited Ticker:500180 Exchanges:OTH BOM 2008 Sales:124,140,000,000 Major Industry:Financial Sub Industry:Commercial Banks Country:INDIA Employees:37836 3.1 STUDENT’S WORK PROFILE (ROLE AND RESPONSIBILITIES): I have completed my summer taining in HDFC Bank Limited as a SALES EXECUTIVE. During this training I played some roles and responsibilities are as: ROLE- I have worked as a sales Executive in sales department in HDFC Bank Ltd. My role was to buildup better relationship with Customers. HDFC Bank expects its employees to take up the work of opening current account in their respective locations. My main role was to contact customers and make deal for opening current account, in meeting with customers I represent a demo to customer for current account, are as: RESPONSIBILITIES- †¢ To generate leads for the Bank. †¢ To buildup better relationship with customers. †¢ To increase the sales of the Bank. †¢ To provide awareness about the current account. †¢ To achieve company’s target. 3.2 DESCRIPTION OF LIVE EXPERIENCE: Working with HDFC Bank It was a nice experience. When I entered into the bank, I was very nerves. However after entering I knew the real mean of working with the big organization. We need to follow the rules and regulations of the company. Coming at the exact time in the bank is very important. These things are very important which we need to learn : †¢ How should behave in the organization? †¢ How behave and coordinate with the customer? †¢ How we need to talk to our Boss, our superior and colleges? Working with the HDFC I increased my communication skills. Also I knew the Importance of the coordination among all the employees. All the employees are working as a team. When I was new, the entire employees helped me to learn the work culture HDFC Bank. In this company my work is to buildup the relationship with customers and to provide leads to the company for opening current account and making relationship with the bank. In present time the customers are not very well aware about the HDFC’s products. 3.3 STUDENT CONTRIBUTION TO ORGANIZATION: In this Company I am working as a Sales Executive. In this Organization my role is to buildup better relationship with Customers, and I promote the current account. My contribution towards this organization like: †¢ I provide leads everyday for opening current account. †¢ I make good relationship between Bank and customers. †¢ I provide awareness about the current account through some demos and calling. †¢ I help in making some useful marketing strategies. 1. RESEARCH INSTRUMENT : A questionnaire was prepared with the relevant questions consisting mainly of closed end questions especially dichotomous type which offered the respondents between only two alternatives either (Yes/No). The respondents were personally met and the collection of information was properly administered to avoid non-respondent error. The primary data is collected by cold calling from respected place of branch. The data is collected by using a questionnaire, which is given as an Appendix at the end of this report. 2. SOURCE OF DATA : The study is based on both primary and secondary data. Most of the findings are based on the data collection through interaction with customers. A structured disguised questionnaire is prepared together the information. Close as well as open-ended questions are asked. Some multiple-choice questions are also included. 3. RESEARCH DESIGN AND METHODOLOGY: Main Methodology -: Collection of Primary data (Consumer and Market Research) through Personal Questionnaires & Collection of Secondary Data (Study of various Current Account) through Computer Data, Web sites, Books and Magazines. FIELDWORK: The respondents are personally interviewed, for about 3 to 5 minutes on an average to collect the data. The format prepared beforehand was strictly adhered to. Though it was sufficient in itself and could be matched to prospective respondents, personal interviews are conducted to be able to make first hand observation that would reveal some useful information about the subject of study. RESEARCH ANALYSIS: After the collection of data I have categorize the data into – †¢ Primary Data †¢ Secondary Data As we know the data collected in primary mode is more reliable in the comparison of secondary data. So we depend more on the primary data. SOURCES OF PRIMARY DATA: †¢ Survey †¢ Personal SOURCES OF SECONDARY DATA: †¢ Through internet †¢ Branch manager approvals †¢ Personal vehicle dealers †¢ Brochure of the bank 4. SUMMARY OF FINDINGS: The Housing Development Finance Corporation Limited was introduced in 1994, after the Reserve Bank of India approved private sector banking. Operating in over 300 Indian cities, HDFC Bank has over 700 branches and 1600 ATMs. It offers personal, NRI and wholesale banking services. Net profit for the March 2006-2007 reached Rs. 1,141.5 crore. In early 2007, HDFC officially entered the microfinance market and opened branches that provide funding to self-help microfinance group. After finding primary and secondary data I find: 1. Customers don’t know about the advantage of our current account. 2. Customers are less aware about the benefits Providing Company. 3. Customers have no more knowledge about the HDFC Bank limited. 4. HDFC reduces the complexity of current account. 5. HDFC provides best way to earn more profit. 6. HDFC is beneficial for making profit and various types of works. 7. The procedure of HDFC is very easy. [pic] 1. SUMMARY OF LEARNING EXPERENCE: HDFC Ltd has the objective to enhance residential housing stock and promote home ownership. Their offerings range from hassle-free home loans and deposit products, to property related services and a training facility. They also offer specialized financial services to the customer base through partnerships with some of the best financial institutions worldwide. HDFC Bank began operations in 1995 with a simple mission: to be a â€Å"World-class Indian Bank†. We realized that only a single-minded focus on product quality and service excellence would help us get there. Today, we are proud to say that we are well on our way towards that goal. It is extremely gratifying that our efforts towards providing customer convenience have been appreciated both nationally and internationally. So that I learn many important things from HDFC and market are as: 1. I have gained live experience of marketing. 2. I find all types of help from my training in charge. 3. I have gained knowledge in the field of HDFC. 4. I find there are many customers are not aware about the HDFC. 5. I find there are lots of opportunities in the Banking Sector. 2. CONCLUSIONS AND RECOMMENDATIONS: Conclusion HDFC Ltd has the objective to enhance residential housing stock and promote home ownership. Their offerings range from hassle-free home loans and deposit products, to property related services and a training facility. They also offer specialized financial services to the customer base through partnerships with some of the best financial institutions worldwide. HDFC Bank began operations in 1995 with a simple mission: to be a â€Å"World-class Indian Bank†. We realized that only a single-minded focus on product quality and service excellence would help us get there. Today, we are proud to say that we are well on our way towards that goal. It is extremely gratifying that our efforts towards providing customer convenience have been appreciated both nationally and internationally. . Besides we also have a dedicated technical team as well as customer care services and its procedure is also very simple. Recommendations 1. To provides awareness about Current Account and its uses to customers. 2. To open maximum and Big accounts for getting more profit. 3. To target not only metro cities, target all big and small city or village. 4. To build the customer relationship 5. To improve its marketing strategies 6. To improve its selling process [pic] COPY OF QUESTIONNAIRE: 1. Are you aware about Current Account? a. Yes b. No 2. Are you aware about current account providing HDFC Bank? a. Yes b. No 3. Are you aware about HDFC Bank Limited? a. Yes b. No 4. Are you aware about the procedure of Current Account? a. Yes b. No 5. Is HDFC reduces the complexity of Current Account procedure? a. Yes b. No 6. Is HDFC provides you cheap and best way to earn money and to make you a independent owner? a. Yes b. No 7. Are you aware about the profit volume ratio doing business with HDFC? a. Yes b. No 8. Are you interested to open current account in HDFC Bank ? a. Yes b. No BIBLIOGRAPHY: 1. www.hdfcbankltd.com 2. www.hdfc.in 3. www.google.com 4. Business Today 5. India Today [pic] ———————– Sales Executive Team Leader Sales Manager Area Sales Manager Area Sales Head Regional Sales Manager Zonal Sales Manager National Sales Manager

Inference vs Assumption assignment

Inference vs. assumption Contrast between fact or perception â€Å"Inference is a conclusion reached on the basis of evidence and reasoning, assumption is a thing that is accepted as true or as certain to happen, without proof, the action of taking or beginning to take power or responsibility' (dictionary. Com) had many inferences in my life about myself and others. Both with equal list and sometimes without knowing it. I am always the worry wart in my family. Always thinking what if I did this or this could go wrong.Taking as simple as quiz can often overwhelm me for days till whatever the event is over. As one of my inference was not passing my Aptitude Physical Fitness Test (APT). I always have doubt that would not pass. As in the end result I have passed. Always have that doubt. As some may know in the military perception is everything. Many will make any reasoning either truth or not perception is always there. Overhearing a group talking about another pregnant Soldier as they have conclude that she has conceived from another Soldier but is married.Not giving in to their very conclusion I had some curious to know about what is fact. Have indeed it was untrue the married Soldier was her boyfriend's friend (who was not in the military') to have keep an eye on her for his friends sake. There was times when would be watching or doing my studies in my room while my husband would be in the living room watching a game. Hearing them cheer and talking loudly inferred them to happy that their team scored or won. As it was said â€Å"we simply cannot legitimately assume what we seek to establish† (Kate Mosses).Many inference we all go through whether we intentionally doing it or not. For myself even without intention I did (well almost) about the pregnant Soldier. As it was wrong to conclude what was not true without the facts. Improper inference may as well be an assumption. To conclude my entry, is we seem to proceed our assumption without hard facts or evi dence more on perspective in what we see on the outside. As the saying goes â€Å"don't judge Reference Dictionary. Com Kate Moss, Logic an Introduction, 2011 a book by it's cove'.

My most prized possesion Essay

My initial thought was how could i possibly narrow that down to just one single item? After fifteen minutes of staring at a blank piece of paper trying to figure out what exactly i cherish most in my life, it hit me. The one thing in my life that plays the biggest and most important role in my everyday story is my health. When people hear the word possession they automatically think of an object belonging to one. However, it is often forgotten that a possession isn’t always just a physical material but can be anything from a trait to a physical attribute. From a very young age you are taught the many steps needed to live a healthy lifestyle and maintain one’s health. These steps have become part of our everyday routine that many people often begin to take their health for granted as good health is viewed as something that’s just expected in life, particularly amongst young people. It often doesn’t cross the minds of people when they’re trying to und ergo a busy schedule everyday however, its our health that keeps us going, it’s our health that enables us to live our lives everyday without having to worry about dropping dead in the middle of the street or having a heart attack whilst doing the groceries. Good health is the real jewel of life. My mother always taught me to eat well. We would often reach a negotiation whereby if I ate all of my vegetables at dinner, In return, I would be allowed out on the green to play. My mother understood the importance of healthy eating whereas I always thought she was forcing me to eat â€Å"green balls of slime† to be malicious. My father enrolled me into my local soccer club and I could never grasp why. However, as the years flew by and I began to grow as a child, I learnt that this was all for my own good as he just wanted what’s best for me which was maintaining a good physical health. As I matured and became more aware of the world around me, I saw that health is apart of my everyday routine and although I may not have understood it at the time, I can see that the role it plays is more vital than anything else in the world. Due to the sheer egotistical and self-centred actions of many people around the world today, people are growing up thinking that money can solve everything. To keep good health, no money is needed. This fact is often abandoned due to common phrase often used- â€Å"money makes the world go round†. Even if you have all the money in the world, health will always swoop in and take first place when it comes to importance. Steve Jobs was one of the world’s richest men, owning one of the  biggest companies in the world and having a total net worth of about 7 billion dollars. However, that did not stop his cancer from heartlessly taking away his life, at the young age of 56. Despite owning a tremendous portion of the world’s money, he could not buy health, proving that wealth is irrelevant if you don’t have the air in your lungs. If health is lost, everything is lost such as the capacity to work which can lead to many catastrophes such as poverty and misery. if good health was abolished, we would simply fade away along with the rest of the world. To conclude, my health will always be my main focus on life- mentally and physically. I believe that if i don’t live life with a good mental outlook, i will achieve nothing.I perfectly agree with the maxim ‘health is wealth’. Unfortunately, very few care about this ‘wealth’. People spend sleepless days and nights, running after material wealth forgetting that the first step to acquire material wealth is to have good health.