The Innovating Machine free essay sample

There are many examples of successful companies. To what extent is 3M justifiably highlighted as the ‘innovating machine’? Answer: This case study has highlighted some of the key activities and principles that contribute to 3M’s performance. Many of these are not new and are indeed used by other companies. However, in 3M’s case they may be summarized as an effective company culture that nurtures innovation and a range of management techniques and strategies that together have delivered long-term success. There is evidence that 3M supports these fine words with actions. 3M hire good people and trust them; this will bring about innovation and excellent performance. 3M ensured that developing new products is much higher on the agenda in management meetings than at other companies. Moreover, the success of the approach is due to the continual reinforcement of its objectives. Indeed, the performance of individual business managers is partly judged on whether they are able to achieve the objective. We will write a custom essay sample on The Innovating Machine or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Personally yes they will achieve because they take the time out to learn from their client base. Research and developments are done base on surveys and real people every day needs. I think that’s what keeps 3M’s successful, the fact they meet consumer demands. 2 In the 3M case study, what is meant by the statement: ‘the message is more important than the figures’? The message is more important than the figures is based on the 15 per cent rule. Some may say it makes no sense however others agree that some employees use more than 15 percent of their time on projects of their choice, on the other hand some employees use less than that and some none at all. The figure is not so important as the message, meaning that if an employee uses 15 percent or less, the time used does not matter, the most important thing is to get the job done and contributing positive ideas. 3. Discuss the merits and problems with the so-called ‘15 per cent rule’. Consider cost implications and a busy environment with deadlines to meet. To what extent is this realistic or mere rhetoric? The benefit of the 15 percent rule is that the Scientists and engineers are given time to work on projects and ideas that they consider to be of potential interest to the company, during the 15 per cent of an individual’s work week time it allows employees to brainstorm, bringing about high productivity the 15 percent of their work time is dedicated to such activities. It is an effective method of providing room for creativity and another way of showing that the organization encourages innovative effort. Allocating 15 percent of individual’s work week time is costly to the organization, especially when there strict deadline to meet, which means that company may need to employ more manpower in order to meet deadlines. 4. Encouraging product and brand managers to achieve 25 per cent of sales from recently introduced products would be welcomed by shareholders, but what happens if a successful business delivers profits without 25 per cent of sales from recently introduced products? The success of the approach is due to the continual reinforcement of the objective. Indeed, the performance of individual business managers is partly judged on whether they are able to achieve the objective. What this means is that these business managers are not under pressure and to ensure that they develop new products but that these new products will eventually represent higher per cent of the business’s sales. 5. Some people may argue that 3M’s success is largely due to the significance given to science and technology and this is the main lesson for other firms. Discuss the merits of such a view and the extent to which this is the case. This technological intensity provides the company with the competitive advantage to compete with its rivals; it does not involve a single-minded, technology-push approach to innovation. The role of the marketplace and users plays an important part in product development. 6. Explain how the innovation dilemma affected 3M. When 3M’s RD personnel were asked to adopt Six Sigma processes, the results were less favorable. While established operational processes like manufacturing require strict monitoring, measuring, and a regimented set of procedures, the innovation process requires a different approach. 3M felt stifled by the new structure and pressured to produce more new products faster. The result was a greater number of incremental product-line extensions than true new product innovations. Traditionally, 3M drew at least one-third of sales from products released; which is way less than what they were initially accustomed to doing.

The Truth About Its

The Truth About Its The Truth About Its The Truth About Its By Maeve Maddox The first article I submitted to DWT was on the error of writing its for its. I was too late. Michael (Its or Its?) had beaten me to it. No doubt about it the error of writing its for its is on everybodys list of top ten errors that damage a writers credibility. So why do so many of us keep making this error in our drafts? As well as I know the rule, as many times as I have corrected the error in the manuscripts of others, the occasional its for its creeps into my own writing and must be caught in the final revision. Why do we do it? Because our subconscious mind tells us that the spelling its as a possessive is not un-English in the way that other errors are. We write the houses roof, so why not write its roof? The error its for its is the result of an instinctive mirroring of the possessive apostrophe s we use to form the possessive of nouns. Heres the kicker: when the third person neuter possessive adjective came into the language in the 16th century, it was spelled its for the very reason that the new form was modeled on the s of the possessive noun. The spelling its for the possessive adjective was acceptable down to about 1800 (A.C. Baugh, A History of the English Language, p. 295). Nowadays, however, to write its roof instead of its roof marks a writer as pitiably ignorant of the rules of punctuation and orthography. Im not suggesting for a minute that we throw the rule out the window. Its too firmly established for us to disregard it. All I wish to point out is that the errorwhile a mark of carelessness if permitted to escape the final revision of your manuscriptis the result of linguistic instinct, not obstinacy. Moral: Rules of behavior are often arbitrary, like driving on the right side of the road in a given country. Arbitrary or not, we ignore them at our peril. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Spelling category, check our popular posts, or choose a related post below:Avoid Beginning a Sentence with â€Å"With†The Difference Between "will" and "shall"10 Tips for Clean, Clear Writing

Journal opining article Essay Example | Topics and Well Written Essays - 750 words

Journal opining article - Essay Example Additionally, spending policies need to be well scrutinized prior to making any economic moves, especially in the present day world. Wessel adds on to indicate that, being able to change the spending policies and the tax policies is essential whilst considering the current economic times and changes in governance (11). Wessel explains that if tax reforms focus on increasing the economic growth rate, then the scorekeepers need to take into account the growth spurt including the extra revenue collected in a specific financial year (12). This aspect, which has a direct implication on the economy, finds support and backup from numerous persons. Wessel is of the opinion that significant legislation in the normal routine gets tweaked such that the tally matches the promises of the proponents not just for bragging rights, but it clears the hurdles in parliament (11). Wessel, in his article, claims that when campaigns culminate and there is legislation of the promises, the joint tax committe e and the congressional budget office makes decisions on the various proposals made (12). According to Wessel, so as to stabilize the economy, there is a need to consider basic precepts (11). This is to mean that the economy growth requires clear guidelines and operation mechanisms. Wessel explains that the precepts are that accounting should not interfere with the congress in passing legislation which improves the growth in the economy (11). So as to have quick glimpse of economic growth, accounting should not permit to the pretense of the congress that every cut in tax caters for its expenditure. It is also vital to note that accounting should also not allow the assumption by the congress that there is a cost free spending on education. This spending, according to Wessel, not only increases the productivity of workers, but also has a massive positive impact on the economy (12). Wessel also argues that at some point when there are numerous changes in the tax plan, the various autho rities that have the function of implementing the changes, figure out that people and businesses respond in the event that the congress puts in plans and changes (12). Some of the changes in relation to Wessel include cut capital-gains in the tax rates whereby, shareholders sell the profits that they have and consequently lead to a surge in the revenue on a temporary basis (12). Ian endeavor to increase spending and elevate the economy, there is a need to set aside funds to the Medicare providers. In the long run, this will lead to an increase in spending in the economy. Changes in the subsidies for farmers make them dedicate more energy to production, for instance growing more crops leading to more profit, which in turn are dedicated to raising the economy. According to the article by Wessel, official tags on legislation do not consider the results of a bill on the overall economy (11). In the view of Wessel, this can, in simple terms be referred to as dynamic scoring (11). Additio nally, whilst analyzing the fiscal policies in an economy, it is vital to note that the bodies that implement the tax rates do not incorporate the macroeconomic effects. Changing the rules made by the congress will therefore become incomplete and consume a lot of time. Changing these rules, in regard to Wessel, also depends on the models of the economy and requires judgment calls (12). The author explains that some of the bills put in place focus on extending income

Introduction to Chinese Culture Research Paper Example | Topics and Well Written Essays - 1500 words

Introduction to Chinese Culture - Research Paper Example Guthrie attributes China’s economic development to three key policies that have been monumental in ensuring China engages in the global economy through both internal and external operations as explained in the exposition of the policies in the proceeding sections of the paper. According to Guthrie, the export-oriented coastal development strategy enabled China became the third largest trading economy in 2004 with trade totals of $ 1.16 trillion (Guthrie, 2009). The policy also has been monumental in allowing for increased foreign direct investment (FDI) and liberalization of the internal markets allowing for access to new technology and understanding of management practices from developed countries. The creation of an export strategy was done by making the construction of new national and international institutions The Chinese government created special economic zones including Pudong, Zhongguancun, and Shenzhen allowing both international and domestic firms to access tax incentives among other benefits for specific types of investment in China. The special economic zones were established in 1980 in Fujian, and Guangdong provinces allowing for augmented FDI and expand foreign trade under the leadership of Zhao Ziyang (Guthrie, 2009). The coastal development strategy allowed for autonomy in the export trade by the coastal regions areas including Fujian, Guangdong, Guanxi, Hainan, Hebei, Jiangsu, Liaoning, Shandong, Beijing, and Shanghai. The policy also allowed China to solve unemployment of rural surplus labor and provided income for industrial enterprises. The success of the coastal development strategy is evidenced by the growth of China’s export economy by 27% between 1988 and 2005 with 26% growth in imported goods.  

Inappropriate Behavior Research Paper Example | Topics and Well Written Essays - 2500 words

Inappropriate Behavior - Research Paper Example The sexual harassment committed by Marwan has been quite offensive in nature. Marwan’s performance in the role of a pirate in the Studio Five Theme Park has been appreciated to a great extent by the audience and the guests who have been watching Marwan performing over a period of some time now. Marwan’s behavior has not been appropriate while interacting with the guests of the park after the performance is over. Marwan has the tendency to become cozy with the female guests of the park. He even went to the extent of placing his hands on the back of the ladies while posing for photographs. This behavior of Marwan was inappropriate in nature as the female guests of the park did not expect Marwan to engage such kind of unwelcome conduct. The behavior of Marwan towards his junior fellow colleague who was female and newly hired was very offensive and could be treated as an act of sexual harassment without any debate under the civil rights laws of the country. Marwan not only grabbed her breast but also threatened to get her fired if she refused to go on a date with Marwan. This was an inappropriate behavior of Marwan under the context and was totally not welcomed by the female junior colleague. This is a serious case of sexual harassment committed by Marwan and was strictly prohibited under the civil rights laws of the country. The complaint by the junior female artist against Marwan led to his termination from the contract of performance in the Studio Five Theme Park. The legal nature of employment of Marwan was contractual in nature.

Memory Storage of Psychological Present and Past Events

Memory Storage of Psychological Present and Past Events Table of Contents (Jump to) 1. Introduction: 2. Stages involved in learning and memory based on the multi-store approach 3. Differences between short term and long term memory 3.1 Short Term Memory: 3.2 Long Term Memory: 4. Functions of memory system in human interactions based on theories of memories: 4.1 Memory Encoding: 4.2 Memory Consolidation: 4.3 Memory Storage: 4.4 Memory Recall/Retrieval: 5. Conclusion References: 1. Introduction: Memory is known as the encoding, storing, retaining and recalling of the information in the human brain (Fukuda and Vogel, 2010). It is the ability of remembering of the past events, and the process to recall past facts, impressions, skills, experiences, and habits (Basden, 2000). Short-term memory refers as the scratch-pad for recalling of past information. Despite the everyday experiences it likes as long-term memory that lasts short time, and able of storing of unlimited amount of information almost indefinitely. At the time of recalling, neural activity model acts used in generating of the response to definite event, resonating of the brains discernment of the real event. Memories are not stored in brains in such a collection of self-sufficient pictures and video clips, as books on library abandons, or even as thinking of collage or a tangram puzzle, because these consists of the different elements storing dissimilar parts to the brain related with the organizations, associations as well as networks. In this context, this assignment is organised into three sections. The first section reveals the stages engaged in learning and memory according to the multi-store approach; the second section works on the differences between short term and long term memory; and the last section discusses the various functions of memory. 2. Stages involved in learning and memory based on the multi-store approach In psychology, memory is the procedure of information encoding, storing, and retrieving (Anyang, 2005). Basically, the new English word consists of memory that generated to us which coming from the memories of Anglo France and ultimately from the Latin me moral and memo, meaning mindful or remembering (Auyang, 2001). The effect or influence of the human behavior in case of past experience is thought of terms of memories. Encoding is allowed of the information from the external world for reaching of the 5th senses. Those are known as physical and chemical effect. The information of different things must be altered that is put into the encoded process in the 1st step of memories. It is the capability of remembering the past events and the ability to recall experienced facts, impressions, assistances, experiences as well as habits. The 2nd step of the memories’ procedures is the storing (Fukuda and Vogel, 2010). This entails that information is maintained for the future time periods. Lastly, retrieving of the storing information is the 3rd step of the memories. The retrieved information is returned and posted to the sense. Different retrieved information is considered as effective because of the information gathered and other challenges in order to remember and store information. It can be for the demand level of the situation created. It can clearly be stated that, memory is connected to but distinct from learning, which is the process of acquiring knowledge of the world and modifying subsequent behavior (Laird, 1920). During the learning process, neurons due to the production of the defined past events are changed as there is the inclination for firing in the field of memories. The explanation is as follows, a new language is learnt by studying it, but speaking is done by using memory to retrieve the words that are learned. Childhood is the period from birth to 10 years. One does not remember everything that happened in this childhood, but the important events are stored in the subconscious mind. Childhood is a mixture of joy and sorrows. When a man is sick of the present he seeks relief in the past and fondly recalls the memories of childhood (Michael, 1992). In fact, learning fact is the important issues of the memories because the fact tells us storing and retrieving of the past information the learning is ter med as the extension of the memories. Besides this, computer is used in the concept of memories. The storing of different data and information and capacity of this is known as the recalling concept of memories. 3. Differences between short term and long term memory The memory model tells that, the encoding process, consolidating process, storing process, and retrieving and recalling process are known as the memory process (Don, 1971). Considering these, two types of memories are available there including short term and long term memory. The short term memory and long term memory are the important part of the learning of the memory concept. 3.1 Short Term Memory: Short term memories are the memories known as the scratch pad (Yates, 1966). These terms are for the recalling past events, experiences, facts for a future short term period. The short term memories are short in term of remembering (James, 2008). The small and little amount of information is retrieved and storing for a shorter period of the life cycles. The short term memories are also known as the temporary memory. A limited and short capacity and ability of the remembering of past information is in the short term memories. It is called as the present reasoning condition and process (Izquierdo, 1998). It holds a smaller amount of information. It is a call up of the past information. In the short term memories, the brain of the human beings can flesh and store and retried for the shorter time. The short term memories are the smallest simple and easy expedient. The short term memories are served as the temporary storing of the past information, events, class, experiences, data’ s and past facts (Locke, 1971). The short term memories are also used as the working memories concept of the human being perspective. The short term memories are explained in the law of millers. The short term memories are the stage of the storing, repetition, and the reinforcing of the human remembering of the events. The classification of the definition of the short term memories is the three parts. These three parts of the human short term memories are given bellow: Duration of the keeping events in mind: 0- 12 seconds in the time scale Capacity of the items or events of storing information: 9 +/- 4 events or items or data The encoding process of the short term memories: it is the auditor in terms The important less things are stored (Micheal.1990). In the short term memories, the small capacity of the events and information is required. The short term memories are paying less importance and attention on the remembering of the events. In the short term memories, less interference is given on focusing point. 3.2 Long Term Memory: The long term memory refers to the storing of the past experiences, events, facts, data and information for an unlimited time scale of the human life cycles (James, 2008). The events and information and experiences are gathered and stored and retrieved in the latter period. In the long term memories the capacity of the storage are the unlimited in terms. The long term memories do not overlap from the mind immediately but overlap for the latter period of the time scale of the human life. The long term memories are also known as the lasted memory cycles (Bartlett, 1932). An unlimited and long and large capacity and ability of the remembering of past information included in the long term memories. It is called as the future reasoning condition and process. It holds a larger amount of information. It is not known as calls up of the past information but known as the expressing of the past information. The physical changes are happened in case of the remembering of the past events and info rmation. In the long term memories the brain of the human beings cannot flesh and but the position and condition are required as storing and retrieving for the long time period. The long term memories are the largest difficult and not easy expedient. The long term memories are served as the latest and lasting storing of the past information, events, class, experiences, data’s and past facts. The long term memories are also used as the working memories concept of the human being perspective. The long term memories are the stage of the storing, repetition, and the reinforcing of the human remembering of the events (Izquierdo, 1998). The classification of the definition of the long term memories is the three parts. These three parts of the human short term memories are given bellow: Duration of the keeping events in mind: unlimited time scale Capacity of the items or events of storing information: unlimited events or items or data The encoding process of the long term memories: it is the auditor in terms The important and essential things are stored It is visual and auditor It is semantic For understanding of the short term memory and long term memory difference the critical strengths of evaluation are required for the perspective (James, 2008). The short term memory is weakened and the long term memory is durable (Kandel, 2009). The short term moor encoding in short term in nature and duration and capacity also refers to the differences. 4. Functions of memory system in human interactions based on theories of memories: Different theories are used for the understandings of the functions of the memory systems. Those theories are based on the neurology and physiology. The memory function is mainly based on the encoding of the past events, information and storing and recalling and retrieving of the past events. There are different functions of the memory systems those are focused on the physiological theories and neurology theories (Ayer, 1956). These functions of memory systems are given bellow: Encoding of the Memory Consolidation of the Memory Storing of the Memory Retrieving / recalling of the past events or memories 4.1 Memory Encoding: The sense of the perception of the event of bio logical at the starting level is known as the encoding of the memory. For encoding of the process events the attention is required. The memorable events are required for the encoding of the memories. Memorable events are the main cause of the following three issues: the people firing again and again, making intension of the past experiences and the like hood increment of the desired event (Ayer, 1956) Those are included in the memories of encoding of the events. Hippocampus is an important part of the encoding of the events. The inputs are analyzed because of the hippocampus. The emotions are also included in the encoding function of the memories. The emotion increases and extends the attention of the events to the people. The encoding process is also known as the walking through of the past experiences, events, information and data (Weldon, 2001). It creates the long term memories systems. The event processing causes to the real sensation of the events. The encoding refers to the poor remembering of the events. It the imaginer level of the events. 4.2 Memory Consolidation: Consolidation of the events is the important and discussed function of the memories systems (Woozley, 1949). After the encoding stage known as the first or initial accusation of the events, the memories are needed to make stable to the events in the memories of the people. So the process of the stabilization of the memories is known as the memories consolidation. The consolidation process is considered as the part or element of the encoding of the events or the storing of the past experiences, events and information (Woozley, 1949). It is a mental processing unit of the memories systems. The consolidation of the memories is done into the different two types of the activities. Those are the following activities: Consolidation of synaptic of the memories Consolidation of the systems of the memories The synaptic consolidation process starts with finishing of the encoding or learning after first few hours. On the other hand, the systems consolidation process includes the hippocampus dependent memories (Laird, 1920). It is the process of memories systems to become self-sufficient and lasting of the remembered for the future period of the events keeping in mind. The consolidation helps the memories increasing of the strength for remembering of the events and larger transmutation of the events and information. 4.3 Memory Storage: Storage of the events in the brain is the main issue point of the memories systems. The retention of the information or retrieving of the past events is the definition of the storage of the events (Wood and Byatt 2008). The storing function is the defined process of the human memories function. It is the function mainly used in the both of the stable long term memories, short term memories or sensor memories. Performing better is termed useful in the storing of the memories. It is the function retained in the long term memories systems of the functions of the memories. The events occurred in the past and happened but this function indicates the recording, storing of the events and kept in the memories used in the later period. 4.4 Memory Recall/Retrieval: The last step of the memories functions is the recalling and retrieving of the memory of events (Audi, 1998). The reassessment of the information of past and past events and past experiences and past facts are included in the function of the recalling or retrieving of the past events and experiences. Reconstruction of the information is termed as the retrieving of the past events (Kandel, 2009). Activation of the neurons is included in the retrieval function. In the retrieval process activation of the network and strength are required for the recalling of the memories. Neural network recognition is part of the recalling function of the memories systems. 5. Conclusion From the above analysis, it can be said that, memory is a crucial part of a human body. Every parts of the human body has its own definite and well-structured task that the parts perform smoothly. Like the other parts, memory has its own functions and these functions are storing information, recalling, past incidents and day to day practices. On the other hand, memeroy is quite related but distinctive to learning in many ways. It is also evident that, learning is helpful for the performance of the functions of the memory. There are two types of memories inlcuding short-term memory and long-term memory. The function of short memory is to remember incidents, facts, past things and so on for a very short period. After that the whole incident has been deleted automatically. Whereas, the long-term memory is opposite of the short-term memory. The function of this very part is to remember things for a long term period. This can be done either consciously by repeating the task again and agai n or by subconsciously that does not need to remember forcefully. To understand the functions of the memories several doctrines and theroies are used. According to the theories, the functions of memory are encoding, consolidation, storing and recalling. Encoding of the memory means the feelings of the perception of the event of biological at the starting level. After the encoding of the memories comes the function of consolidation. In this process the events are stabilized. The retention of the memory is another function. In this function, the events are stored for future in case of any need. The last and the most important one is recalling. This function reminds the person of about something that has been stored earlier. Overall, it is for sure that, storage is more or less passive source of retaining information from the brain in both short term and logn term memory. References: Ayer, A.J. (1956), The Problem of Knowledge, Harmondsworth: Penguin. Auyang, S. (2001), Mind in Everyday Life and Cognitive Science, Cambridge, MA: MIT Press. Basden, H., Basden, R.and Sean, H. (2000), Applied Cognitive Psychology, Chicago: Chicago University Press. Bartlett, C. (1932), A study in experimental and social psychology, Cambridge: Cambridge University Press. Don, L. (1971), Memory, London: Macmillan. Fukuda, K. and Vogel, E. (2010), Visual short term memory serves as a gateway to long term memory. Journal of Vision10 (7), pp.730-730 Izquierdo, I. (1998). Short- and long-term memory,Behavioral Pharmacology, 9(1), p.S46. Jarrod, L. (2011). Long-term memory supports the retention, preservation, and prioritization of short-term memory. Front. Hum. Neurosis. 5. John, L. (1920), A Study in Realism, Cambridge: Cambridge University Press. Kandel, E. (2009). The Long and Short of Long Term Memory. GBM Annual Spring meeting Mosbach 2009 (Spring). Kwint, Marius (1999), Material Memories, Oxford: Berg. Mengistu, A. (2007), The Language of Memory in a Cross linguistic Perspective, Amsterdam: John Benjamins. Michael, L. (1992), Symmetry, Causality, Mind, Cambridge, MA: MIT Press. Robert, A. (1998), Epistemology, London: Routledge. Woozley, A.D. (1949), Theory of Knowledge: An Introduction, London: Hutchinson. Wood, H.H. and Byatt, A.S. (2008), Memory: An Anthology, London: Chatto and Windus. Yates, A. and Frances, B. (1966), The Art of Memory, London: Routledge and Kegan Paul.

Careers In Investment Banking Essay -- essays research papers

Careers in Investment Banking A career in the securities industry can offer exciting work if you enjoy working in a competitive and demanding atmosphere. Investment bankers, stock brokers, and stock traders all make up the securities industry providing services to each other, as well as the general public. All of people involved in this field deal with stocks, bonds, and other financial material in some way or another, but they all have their own specific objectives and duties. The primary differences between the three are the services they provide and who they provide these services to. Investment banking seems to be the most interesting of the three, as well as the most rewarding. This is due to the nature of the job an investment banker must perform. A career as an investment banker has its pros and cons just as any career does, but if you're looking for a high-demanding, high-risk career that at times is very rewarding financially, investment banking could be the career.   Ã‚  Ã‚  Ã‚  Ã‚  Investment banking has been around since stocks have been issued and bonds sold, but the field demanded little, if any new jobs before the 1980's. This was due to the low complexity of the financial markets. Since then, investment banking jobs have been significantly growing due to the availability of complex securities and high-yield bonds, also known as junk bonds.(Investment Banking,12) Now that the financial market has become more complex, companies that didn't require and investment bankers now need their advice to effectively help their company sell stocks and bonds, and to make financial plans for the future. This shows the growing need for investment bankers in the securities industry.   Ã‚  Ã‚  Ã‚  Ã‚  Investment bankers serve a major part in shaping our nation's economy as well as the world's. This is done by devising financial plans and putting them into effect. The process of doing this is very time consuming but doesn't seem a bit boring. Investment bankers also spend a lot of time traveling to various clients to present ideas and when at home, investment bankers work on developing financial plans and strategies for clients. All this work can appear to be very time consuming, and it is. According to Linda C. (So You Want To Be, 2) a typical day for an investment banker out of school is to start a... ... compensation on performance, employees of that firm work under extreme pressure to produce successful results. To many, this method of rewarding bankers is a positive, but others feel it is way too stressful not to be guaranteed a fixed income. Another drawback to working in the securities industry is a lack of job security. Poor performance or non-performance, being too conservative, can be a large factor determining whether a firm should keep its employees or not.(Investment Banking,3)   Ã‚  Ã‚  Ã‚  Ã‚  When deciding whether a career in this particular field is right for someone looking into investment banking, one must first consider the advantages and the disadvantages of this particular career, and then decide whether the job will suit his or her individual needs. In general, a career in the securities industry seems extremely hard and very time consuming, and from time to time, has had me contemplating whether or not to major in finance. The type of work demanded is very diverse and seems very interesting, with very high compensation for individual performance. With that in mind, choosing to go into the securities industry could be very rewarding. Careers In Investment Banking Essay -- essays research papers Careers in Investment Banking A career in the securities industry can offer exciting work if you enjoy working in a competitive and demanding atmosphere. Investment bankers, stock brokers, and stock traders all make up the securities industry providing services to each other, as well as the general public. All of people involved in this field deal with stocks, bonds, and other financial material in some way or another, but they all have their own specific objectives and duties. The primary differences between the three are the services they provide and who they provide these services to. Investment banking seems to be the most interesting of the three, as well as the most rewarding. This is due to the nature of the job an investment banker must perform. A career as an investment banker has its pros and cons just as any career does, but if you're looking for a high-demanding, high-risk career that at times is very rewarding financially, investment banking could be the career.   Ã‚  Ã‚  Ã‚  Ã‚  Investment banking has been around since stocks have been issued and bonds sold, but the field demanded little, if any new jobs before the 1980's. This was due to the low complexity of the financial markets. Since then, investment banking jobs have been significantly growing due to the availability of complex securities and high-yield bonds, also known as junk bonds.(Investment Banking,12) Now that the financial market has become more complex, companies that didn't require and investment bankers now need their advice to effectively help their company sell stocks and bonds, and to make financial plans for the future. This shows the growing need for investment bankers in the securities industry.   Ã‚  Ã‚  Ã‚  Ã‚  Investment bankers serve a major part in shaping our nation's economy as well as the world's. This is done by devising financial plans and putting them into effect. The process of doing this is very time consuming but doesn't seem a bit boring. Investment bankers also spend a lot of time traveling to various clients to present ideas and when at home, investment bankers work on developing financial plans and strategies for clients. All this work can appear to be very time consuming, and it is. According to Linda C. (So You Want To Be, 2) a typical day for an investment banker out of school is to start a... ... compensation on performance, employees of that firm work under extreme pressure to produce successful results. To many, this method of rewarding bankers is a positive, but others feel it is way too stressful not to be guaranteed a fixed income. Another drawback to working in the securities industry is a lack of job security. Poor performance or non-performance, being too conservative, can be a large factor determining whether a firm should keep its employees or not.(Investment Banking,3)   Ã‚  Ã‚  Ã‚  Ã‚  When deciding whether a career in this particular field is right for someone looking into investment banking, one must first consider the advantages and the disadvantages of this particular career, and then decide whether the job will suit his or her individual needs. In general, a career in the securities industry seems extremely hard and very time consuming, and from time to time, has had me contemplating whether or not to major in finance. The type of work demanded is very diverse and seems very interesting, with very high compensation for individual performance. With that in mind, choosing to go into the securities industry could be very rewarding.