Essay About Model Of Management And Financial Planning

Model of Management in the Indian Socio- Political Environment Is the Spiritualistic Model
Topic: MODEL OF MANAGEMENT IN THE INDIAN SOCIO- POLITICAL ENVIRONMENT IS THE SPIRITUALISTIC MODEL.                              The Management Model in the Indian Scenario which affects the Socio-Political Environment is classified as a Spiritualistic Model, as, Ethics is a perception where an individual has different view point towards each and every aspects of a management method in a business entity, where it happens to be an importance to the human values as well. The Indian Culture is unique in its own sensible way. The morals are taught directly from the childhood like respecting elders, wishing teachers with respect, correct way to communication with a particular person, which would affect the ethical background of the Indians in a very positively good aspect that happens to be a great deal in our society. There happens to a relation between Ethics and Spirituality that normally leads to assure that organization maintain a good status and reputation, many managers of business concerned about the external factors as well as the internal factors helps to increase the value of ethics in the society, thereby which influences the wings of political importance comparatively. Therefore, I conclude that the Management Model in the Indian Socio-Political Environment is the Spiritualistic Model, as the Management Model contains the Spiritual Factors affecting the Socio-Political aspect influenced by our culture.CHAPTER 4THEORETICAL FRAMEWORKWhich is the best financial instrument to invest in for retirement is a difficult question, not because there are so many options, the lack of literacy about importance of for future. Different retirement options suit investors at different stages of their lifecycle. It all depends on their risk appetites and financial situations of the investors. Financial planning provides direction and meaning to employee financial decision. It allows employees to understand how each financial decision you they make affects other areas of their finances. There are different components of planning that an individual comes across during his life. Planning can be for areas like education, marriage, or insurance, but the most important planning in the entire process relates to the area of retirement planning. Retirement planning extremely important because the quality of life for a large part of the later years depends on the kind of retirement planning undertaken. In India there are different retirement planning options available in the market for both public and private employees. The process of retirement planning starts with estimating how much one would need to maintain a comfortable lifestyle when old. Also important is to have an estimate of how many resources one already has. With these two number in hand one can come up with an estimate of the gap between what one ha and what one wants. Again at different ages people are motivated by different goals. And the amount of money invested in each of these time periods would therefore differ. While young fewer resources can be invested for the purposes of old age, but the building of corpus must start.