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Important Information about Emotional Intelligence Tests

People with emotional intelligence can lead quality lives. The skills enable individuals to have good relations with others. The behaviour of individuals can change to good. Emotional intelligence can contribute to improved self-awareness. People in the role of management should be able to understand their emotions. Managers should have a character that can help them manage their emotions and emotions of others. Tests on emotional intelligence seek to understand their self and social motivation of an individual. Taking emotional intelligence tests can provide understanding on the levels of self-esteem.

Emotional intelligence skills can help the managers to communicate better with their staff. Emotional intelligence helps the managers pass information to the staff in the right way. Companies can enjoy improved relations between the management and juniors. The workers know what the companies expect from them. Proper communication enhance the coordination of activities within companies. Workers feel self-motivated to work for the best outcomes in the responsibilities. The overall performance of the companies can improve due to improved individual outcomes. Improved productivity help to improve the income levels of the companies.

Emotional intelligence can help to improve the problem-solving abilities of the leaders. Problem-solving skills enable the managers to find good solutions to issues arising within the companies. Companies can improve teamwork among their workers due to reduced levels of conflicts. Workers can consult from each other on issues they do not understand to achieve efficiency in the operations. Managers do not need to put a lot of efforts in supervising the employees as they grow to be responsible. Employees can enjoy admirable working conditions with good leadership within their companies. Companies can pass into reduced employee turnover.

Leaders are required to make various decisions for the organizations. Companies can achieve required success levels with decisions. The decisions of the organizations can this not be influenced by emotions. Companies can attain desirable performance levels. Desirable performance enable organization to stand out among competing firms. The quality of customer care services within the companies can be improved. Proper customer treatment can be a good strategy to win loyalty from their clients. Organizations get to improve their reputation within the area of operation.

Companies can be able to identify leaders for their future positions through emotional intelligence tests. Organizations can be able to understand their workers better. Leaders can identify the right positions for their employees. Leaders can offer the best treatment for their staff as they can be able to understand their characters. Emotional intelligence tests can help to improve the confidence of the leaders in their duties. Managers get to identify areas that need much of the attention. It becomes possible for the managers to measure the capabilities of their workers. The emotional intelligence of the leaders enable them to make realistic targets for their companies.

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A Simple Plan:

How to Spot Good Car Accident Attorneys

Some people are careless on the roads, and others cause accidents out of natural courses or mechanical breakdowns. All in all, you deserve to travel safely because some rules and regulations govern effective road use. Therefore, if you are injured in any of those instances, you should file a lawsuit with a car accident lawyer, and he or she will guide you to realize justice because compensation must be done. Certain insurance firms may be stubborn in the compensation program, and so the lawyer will be on them to ensure they render substantial results. You should know where to find these car accident lawyers, and so you must take time to spot the perfect one, and this report articulates them accordingly, and if you follow them, no regrets will follow.

Firstly, the best car accident attorneys to approach is the one who has been in the industry for a tangible period because it means they can win you the case in minutes. They have excellent argumentative skills that can trigger the judgment of the court, and it might favour you. The lawyer should draw the attention of the court with the substantial pieces of information he or she renders, and your case will be approached on a standard platform. Therefore, you must proceed with some moderation to ensure you get the car accident lawyer who can influence the ruling of the case based on his or her experience.

Secondly, good car accident attorneys should not only feature when the lawsuit is on the judge’s desk but should accompany you to the scene for effective evidence collection. Therefore, you must assess the availability of the attorney, and you will appreciate the quality of legal attention they portray, and you will be confident of their services. You are supposed to visit the lawyer whenever you want in his or her office for the compilation of the case details, and you will be ready to go through every stage and come out successful.

Thirdly, you should identify the car accident lawyers who are licensed and awarded with the relevant documents by the government or their legal offices. Therefore, you should evaluate the forms keenly since not all are qualified to handle certain magnitudes in the legal system. If the documents are truthful, then you must trust the legal process and impact the lawyer will take you through, and all will be fine. You would rather take some time with a checklist of traits you expect to see in the car accident lawyer, and once you spot them to ensure you hire him or her for the job, and no regrets will occur.

Finally, the perfect car accident lawyer to hire is the one who has been ascertained by the public in the market already. This means he or she will render perfect services like before, and you will enjoy the compensation to be triggered by the court’s ruling. Therefore, you should evaluate the reputation of the car accident advocate because it is the surest route to sorting out the case details.

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Universal Banking – Answer For The Best Banking Design?

1.1 INTRODUCTION

In recent years, universal banking has been growing its popularity in Indonesia. Mandiri Bank, for example, has taken strategy to become Indonesia’s universal bank; this bank has also initiated to develop an integrated financial risk system in terms of sounding financial performance and increasing shareholder value. In Germany, and most developed countries in Europe, universal banks have initiated its operations since nineteen century. There is mounting evidence that in those countries, universal banks have taken an important part in the development of real sectors and the financial system. In those countries, the growing numbers of universal banking practices are really supported by the regulation of central of bank.

Despite, in The United States, they are strict to regulate universal banks by blocking commercial banks from engaging in securities and stock markets practices. They argued that the practice of universal banking might be harmful for the financial system. ((Boyd et.al, 1998) cited in Cheang, 2004) The “risk” might be the key reason why the central bank of The U.S is worried about the universal banking system. Since, if the central of bank allowed banks to adjust their operation to be universal banks, the relationship among, banks, financial and stock markets would be closer. Consequently, this would give an uncertainty to the banks condition and performance. For example, if there were a disaster in stock market, banks would get problems in their financial positions. Thus, they would tend to be insolvent.

In addition universal banks would also threaten the market share of other specialized institutions, because more customers would choose universal banks that offer more option to their investment. Hence, more specialized institutions are likely to be ruined in the U.S financial industry.

One majoring factor, which is triggering a bank to be universal bank, is to increase the profit by enlarging their market share. According to João A. C. Santos (1998) universal bank itself can be defined as the financial institution, which enlarges its service range in terms of offering a variety of financial products and services in one site. Thus, by operating universal banking, banks could get a greater opportunity to expand to another financial area, such as : financial securities, insurance, hedge funds and etc.

Although the trend of banks has recently tended to universal banks, it is undoubtedly true that universal banks would also face further risks because a wide range of financial services is strongly associated with increasing risks and escalating monitoring costs. These are the major concerns why banks have to implement more advance technology in terms of financial risk management. Moreover, the practices of universal banks would cause significant risks to economy’s payment system. Since, the operation of universal banks connects closely to the financial and stock markets that are very fluctuate in a short term.

To win in the tight competition among financial institutions, banks have to alter their maneuver to lead in the market. Universal bank could be the wise choice for the bank manager, because they can attract more customers with a wide range of services. Furthermore, by altering their operation to the universal banking system, banks would get benefits from the efficiency and economies of scale.

In order to understand about the universal banking practices, this paper would examine the exclusive matters, which related to the risks and benefits in a universal bank. Moreover, this paper would also focus the whole impact of this institution to the financial system and the economy as a whole.

1.2 PROFITS AND COSTS IN UNIVERSAL BANKING: IMPLICATIONS FOR INDIVIDUAL BANKS

General problem related to financial intermediation, include universal banks and another type of banks, is about asymmetric information . It is the main problem that causes costs to increase and influence the performance of financial institutions. In Universal banks, the problems that would increase are slightly different with specialized banks; they are similar in that they should cope the risks problem associated with their financial position. Although, in universal banks, the risks are more bigger due to the wide range of financial instruments that they organized. Therefore, banks have to increase their spending on monitoring costs that are more complicated than specialized institutions or conventional banks.

Possible answer why more banks sacrifice to the escalating risks and transform it operation into the universal banking is that they want to compete and expand their market share, in order to seek a greater opportunity profits by serving more choices to their customers. Many banks has experienced a great performance after they alter their operation, the main concerns are that they could reach better economies of scale which can reduce the amount of spending in operational costs and also a greater opportunity to get more profits. The research finding which was conducted by Vender, R. (2002, cited in Cheang, 2004) about the efficiency of revenue in financial conglomerates and the level of both profit and cost in universal banking, has proved that both financial conglomerates and universal banking contain good performance in several indicators of bank profitability. His finding also suggests that the sustained expansion of financial conglomerates and universal banking practices may increase efficiency in the financial system.

This opinion is strengthen by another experts, like : George Rich and Christian Walter (1993). They state that universal banks which posse benefits over specialized institutions, are able to take advantage of reduction in the average cost of production and scope in banking. It is essential for banks that operate on a international level and in order to fulfill customer needs with a variety of financial services. They also mention a classic example how universal banks in some countries, such as : Switzerland, Germany and more European countries has experienced benefits by operating universal banking. In addition, they also state that the fear if universal bank would threaten specialized institutions has not proven. In Switzerland and Germany, for example, specialized institutions could achieve a better improvement in terms of cooperating with big banks. Universal banks are one of potential market channel which can sell their products directly to the customers, so specialized institutions also get additional return due to the increases in the number of universal banks. Therefore, this proves that universal banks do not threat other institutions; in fact, they support specialized institutions to market their products.

According to Fohlin, universal banking would lead to a bank’s concentration due to the increases the number of branch. Based on Germany’s experience, such branching-based expansion has led to the efficiency in banking because it could increase economies of scale in advertising and marketing, and open an enormous opportunity to enhance diversification and steadiness for banks.

A universal bank has unique position to tackle asymmetric information. As stated by Joao A. C. Santos (1998), that a universal bank has potential benefits on the reduction of agency cost and acquires profits due to information advantages. Although in other sides, universal banking also face problems related to the cost, conflict of interest and safety and soundness. But the default risk, which is generally happened in financial intermediation, would decrease substantially because universal banks are easier to control over their customers. Most of lenders in universal banks are their customers, so they can understand about the capacity of the customers from the information that they gather.

Nicholas Cheang (2004) also points out how universal banks could reduce a crucial problem in financial institution, asymmetric information. He argued that they could preserve a close relationship with their borrowers, by gathering more relevant information to make an important decision for investment. Their advantageous positions also vital to optimize the distribution of fund allocation, because banks have already known which investment that would give more margins to them. So, they don’t need to worry too much about the risk.

1.3 UNIVERSAL BANKS AND THE STABILITY IN THE FINANCIAL SYSTEM

Financial institution plays a vital role in terms of mobilizing funds in the economy. Consequently, stability in financial system is really important to manage by government in order to prevent wider implications to the real sectors. Financial disasters which happened in most countries in Asia in 1997 are the classic examples how importance to save banks to recover the economy.

As the financial supermarkets, which are handling a variety of financial instruments, they must face a greater risk than specialized institutions. As a consequence, this institution needs to be monitored closely in order to prevent more implications to the economy. According to Benston (1994), the escalating risks in universal banking would lead to a great problem because it can cause generous distress in the financial system. Hence, it will greatly increase the risk to the economy’s payment system. In another term, Rime and Strioh (2001) who examine the financial system in Switzerland in which universal banking are becoming more important in this country, state that difficulty in monitoring large universal banks is a major concern. This is the reason why universal bank has to spend more money in monitoring cost and develop an advanced system in information technology. In other words, it could say that the consequence of inefficient monitoring could lead to financial instability. (Cheang, 2004)

A wider range of universal banks in financial system makes the fund channels of banks to the customer are larger than specialized institutions. So, the economy will improve because universal banks will support more funding. This can be seen by the fact that a universal bank practice in Germany has triggered the progress of some enterprises performance in this country. (Stiglitz, 1985). It is understandable that when the allocation of fund can distribute widely and effectively to the potential enterprises, the economy will improve. In this context, universal banks have played as the key institution which mobilize fund to the potential lender.

Edwards (1996), has also proved that a universal bank is not just significantly contributed to economy from the external funds that they provide, but also from the improvement of the information flows. (cited in Cheang, 2004) Therefore, this proves that universal banks have played a significant role in terms of reducing the default risk by providing important information about the lender or customers. Furthermore, the safety of the financial system would be improved by the existence of universal banks.

1.4 CONCLUSION

The development of universal banks has to in line with the policy direction of central bank, because it is important to keep the stability of financial system and the economy as whole. There are three important areas that must be concerned related to universal bank operations, such as : the strengthened of capital and advanced risk management system. Consequently, in order to manage universal bank, people need to be aware about the unique of the risk type in universal banking. Furthermore, policy maker must also consider about the implication of universal banks in financial system.

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