Negotiation-Real World Reflection

â€Å"Real world† arrangement reflection Introduction As the ranking director, I finish the yearly execution assessment of my colleagues in January. Subsequent to completing assessment I will hold interviews with them, talk about their endeavors and the designs during the current year. Lilly is one of my colleagues with a superior information on the coordinations business. In light of her exhibition in 2012, her yearly execution is appraised B+ and she can get 8% expansion in year-end rewards. Likewise, I intend to advance her as a group head liable for the coordinations programming items advancement in the northern market.Since our company’s business improvement in 2013 will expand the contribution to the northern market, I expect the yearly deals pay in 2013 will increment by 30% under the normal market objectives accomplished; as a group chief, Lilly’s individual yearly salary will increment by 15% - 20%, relies upon the business commission. But since of some family reasons, she may not be happy to go for quite a while. Prior to the meeting, I heard another message: Lilly was disappointed for her own salary being not exactly another colleague, Han, who joined the group in the start of 2012.In expansion, Lilly has been filled in as an expert for very nearly 5 years and she feels a touch of exhausting on this work. Because of showcasing deals work opening in our organization, she needs to attempt the situation as a project supervisor, so as to get another working experience and get more opportunity to deal with her family. Readiness Planning Document What issues are generally imperative to you? 1. Hold Lilly as my colleague. 2. Advance her as the group head answerable for the northern market. | What issues are generally essential to your partner? 1. Disappointment with her own pay. 2.Can the organization give the new difficulties on the specialist work? 3. Can't head out a great deal because of family reasons. | What is your BATNA? 1. Hold Lilly as my colleague without advancement since she won’t be happy to travel a great deal. Keep filling in as the expert with expected 5-8% yearly pay increment. The yearly pay will be not as much as now on the off chance that she moves to the business position. 2. Change the reward circulation, expanding the commission from 2% to 2. 5%, in the wake of advancing her as the group head. 3. In the event that she needs long haul business, more than multi month, she can return home once per end of the week at regular intervals or get additional 2 days’ vacation.Reservation Value? 1. Increment the commission from 2% to 3%, subsequent to advancing her as the group head. 2. Increment yearly excursion time from 10 days to 20 days. Target? Advance her as the group head answerable for the northern market. | What is your counterpart’s BATNA? 1. Move to the business position which may give challenge work. 2. Keep the specialist position, request a superior compensation. 3. Acknowledge the advancement and get an a lot higher yearly pay. Reservation Value? 1. Make her yearly pay expanding 10% or more. 2. Take a stab at something new. 3. Remain in the city and deal with her family.Target? To locate another work with both fulfillment installment and more opportunity to deal with her family. | What are your wellsprings of intensity? Right to advancement. Give the new difficulties on the expert employment. Give suitable occasion modification. Right to reward circulation. | What are your counterpart’s wellsprings of intensity? Move to the business position. Request a more significant compensation or business recompense. Request more excursion time. | What is your initial move/first methodology? Discussion about her yearly execution, and disclose to her the coming advancement. Analyze the yearly pay when promotion.Attract her by the test as a group chief. | Other significant or extraordinary data/considerations:How long is the movement time she can ack nowledge? Her family situation;Is there anything I can accomplish for her or give her a few recommendations? | Negotiation Since we currently live in various urban communities, I chose to utilize the video call meet. Distinctive with phone discussion, video call can assist me with adjusting my arranging procedure by watching the adjustments in her face. I began with revealing to her the reason for this discussion. Discussed the things the organization measures for her position; her commitment to income or costs.Based on her presentation in 2012, her yearly execution is evaluated B+ and she can get 8% expansion in her year-end rewards. At that point, I went to the advancement issue. I investigated the showcasing technique of our organization; the northern market ought to be one of the most significant markets in 2013. Thusly, I have to advance a group chief who can deal with the specialist group for northern market. In light of her brilliant advisor ability and information on the coo rdinations business, she is the best man for this position. Lilly gave her fulfillment with the consequence of yearly execution assessment and was satisfied with the opportunity to be a group leader.But she said she needed to change to deals division so as to have more opportunity to deal with her family. Since I realize that it couldn't simple to get additional time if being a project lead, I didn’t think about it as the genuine purpose behind her day of work. Through discussion, I discovered that the genuine explanation was her own yearly pay was not as much as Han, which caused her to feel awkward. I figured I should concentrate on the salary first. Right off the bat, moving to deals office was not a decent decision since the pay will diminish. Keep functioning as the specialist with expected 5-8% yearly pay increase.Secondly, I clarified that she and Han held distinctive position, their pay can’t be looked at. In spite of the fact that I can't tell the particular s alary information, I consider their pay is close. Besides, on the off chance that she got the advancement, her yearly salary ought to be expanded to a more significant level. From that point onward, I clarified the subtleties of the advancement: the business commission will be expanded from 2% to 2. 5%, in the wake of advancing her as the group chief, which implies her own yearly pay will increment by 15% - 20%. Lilly was pulled in by the condition, yet she despite everything stressed over the test she will face to and how to manage the family issues.I disclosed to her I can bolster her work which she didn’t should be stressed over. For family issues, there are two decisions: one is getting additional 2 days’ get-away following a multi month long haul excursion for work; another is expanding yearly get-away time from 10 days to 20 days. She concurred with the last one finally. Before we finished the discussion, Lilly said she will converse with the coming change with h er families, so as to get their help. I figure she will persuade her families and take the position. End The consequence of the exchange is successful.I do a quite decent planning work by decide my main concern and BATNA in time and great system can allow me to deal with the arrangement follow my own thought. Shared trust is significant in this arrangement procedure. Since the genuine purpose behind her work day was her own yearly salary was not as much as Han, which caused her to feel awkward. I can’t deny the reality since I have to construct the common trust. Be that as it may, I can change the best approach to examine the salary issue and mental fortitude all her the position. I discovered the arrangement and I got my objective finally.

The Solar System Essay Research Paper Assignment free essay sample

The Solar System Essay, Research Paper Task 1: The Solar System The nearby planetary group comprises of the Sun ; the nine planets, 67 orbiters of the planets and a major figure of minimal natural structures ( comets and space rocks ) . The internal nearby planetary group contains the Sun, Mercury, Venus, Earth and Mars: The planets of the external nearby planetary group are Jupiter, Saturn, Uranus, Neptune and Pluto: The circles of the planets are ovals with the Sun at one point of convergence, however all aside from Mercury and Pluto are extremely about round. The circles of the planets are on the whole pretty much in a similar plane ( called the ecliptic and characterized by the plane of the Earth # 8217 ; s circle ) . The ecliptic is slanted simply 7 evaluations from the plane of the Sun # 8217 ; s equator. Pluto # 8217 ; s circle goes astray the most from the plane of the ecliptic with an attitude of 17 evaluations. Beneath you see a chart that give some relative data about the majority of the articles in our Solar System: Distance across ( kilometer ) Moons Surface temp. We will compose a custom article test on The Solar System Essay Research Paper Assignment or on the other hand any comparative point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Surface attraction Axial manner Axial rotating movement The Sun 1 390 000 # 8211 ; 5800c # 8211 ; 25 # 8211 ; 36 yearss Mercury 4 878 None 350c/ - 170c 0.38 0 58 yearss Venus 12 104 None 480c 0.9 178 243 yearss The Earth 12 756 1 20c 1 23.4 23h 56m Red planets 6 787 None - 23c 0.38 24 24h 37m Jupiter N/A 16 - 150c 2.64 3.1 9h 50m Saturn 199 300 18 - 180c 1.2 26.7 10h 39m Uranus 51 800 15 - 210c 1.2 98 17h 10m Neptune 49 500 8 - 220c 1.2 29.5 18h 24m Pluto 2 320 1 N/A 0.04 50 178 mature ages The Moon 3 474 # 8211 ; 107c/ - 153c 0.17 1.5 27 yearss The Sun The Sun is the vast majority of import bit of our close planetary system. It is the greatest article and holds around 98 % of the entire mass of the nearby planetary group. Around 1,3 billion Earths would suit inside the Sun. The Sun goes around the system along with planets and different articles bound to it by gravitative powers. The biggest of the natural structures we call planets, the greater part of which are in twist are circled by littler Moons or orbiters. These items, along with numerous lesser hoards, are known as the Solar framework. The Sun is only a star, one of a 100 billion populating our universe completely. Bing a star the Sun is a delineation of the cardinal structure squares of our reality. It framed, 4.5 billion mature ages back, as the karyon of a haze of gas which was fall ining under its ain gravitative alluring power. At development, H was the most inexhaustible gas, as somewhere else in the presence, and represented seventy five percent of the Sun # 8217 ; s unique stuff. This will change as the H is scorched, and inside the extremely cardinal parts for all intents and purposes all the H has been changed over to He. The external parts have non yet taken segment in H burning. Space experts have estimated the synthetic making out of the Sun, and can in this manner check that of the underlying sunlight based cloud from which the Sun and planets shaped. In add-on to 78 for each centum by weight of H, they see 20 for each centum as helium, while just 2 for every centum stays for different components, for example, O, C, N, and Fe. Thusly, as its H gets drained, it will sprout into an immense reddish star, expanding to soak the Earth and the inside planets. The leftover Sun will liquefy a tiny bit at a time to limbo, go throughing through the white dwarf stage on its way. Mercury Mercury is named after the dispatch of the Roman Gods. It is the littlest of the inside planets and the second littlest in the entire Solar System. It has an extremely frail attractive field and # 8211 ; being the nearest planet to the Sun # 8211 ; has only a truly slender mood of He caught from the sun based air current. The outside of Mercury is extremely much like the Moon # 8217 ; s # 8211 ; with pits, mountains and vales. Since there is no signifier of mood, life on Mercury is unimaginable. Nor will at that spot be any kept an eye on trips in the forseeable henceforth. In any case, there will be new remote-controlled examinations conveyed, if simply to complete the guide of the surface. Despite the fact that Mercury has just a third the width of Earth, its thickness is about the equivalent. This recommends 65 to 70 for each centum of Mercury # 8217 ; s weight is comprised of a substantial stuff, likely Fe. This is packed in Mercury # 8217 ; s large core. The external bed is made of sillicate stone like the Earth # 8217 ; s mantle. Venus Venus is named after the Roman goddess of affection. It is the second planet from the Sun and the most brilliant item in the sky other than the Sun and the Moon. It was one time accepted that life could be in Venus yet that has been demonstrated inaccurate by arranged examinations. Truth be told, Venus has the most threatening condition in the full Solar System. The surface temperature is brutally hot and the air power per unit region is mistreating. One of the more apparent things that different Venus from the various planets in our nearby planetary group is that it turns from E to west ( the various planets pivot from West to east ) . Along these lines, Venus is supposed to be about topsy turvy. Conditionss may hold been exceptional in the days gone by. In the early periods of the Solar System, the Sun was non each piece splendid as it is presently thus Venus and the Earth would hold framed similarly. At the point when the Sun got more splendid, the Earth was far bounty off to escape genuine damage however Venus was non. The surface temperature rose and the seas evaporated. Earth The Earth, the third planet ( stone ) from the Sun, is the biggest of the inside planets what's more has the most elevated thickness. It is the solitary planet in the Solar System to be secured generally with H2O, the solitary planet with a feel made up essentially of N and O and the solitary natural structure that has a temperature appropriate for life of the sort that we know. It is other than the solitary inside planet with a major Moon # 8211 ; Mercury and Venus have none and the Martian Moons are pretty much nothing. On the off chance that the conditions on the Earth changed even to some degree, the life as we probably am aware it could expire out. The Earth # 8217 ; s rotating movement period is non immutable. It is simple protracting because of tidal conflict between the seas and the ocean bottom. This is brought about by the impact of the Moon. Our Moon The Moon has interested world all through the ages. By just sing with the exposed oculus, one can spot two significant sorts of territory: relatively splendid Highlandss and darker fields. Current perception of the Moon is more prominent than for some other close planetary system object aside from Earth. This loans to a more prominent dread of geologic systems and more distant handle of the multifaceted nature of terrestrial planets. The relatively splendid, all things considered, cratered Highlandss are called terrae. The pits and bowls in the Highlandss are framed by shooting star. Red planets Red planets is the fourth planet from the Sun and the seventh biggest. Mars is in some cases alluded to as the Red Planet. The name of the month March gets from Mars. Mars has been known since ancient occasions. With the exception of Earth, Mars has the moment T very shifted and fascinating territory of any of the terrestrial planets. One being Olympus Mons, the biggest mountain in the Solar System lifting 24 kilometer ( 78,000 ft. ) over the environing field. Like Mercury and the Moon, Mars seems to miss dynamic command post tectonics at present ; there is no grounds of ongoing level motion of the surface, for example, the collapsed mountains so normal on Earth. Jupiter Jupiter is named after the male ruler of the Roman Gods. It is the biggest planet in the Solar System, the fifth planet from the Sun and the first of the external planets Jupiter has had a prevailing result on a major segment of the Solar System. All things considered, Jupiter # 8217 ; s enormous attractive energy has kept a planet from arranging in the nation presently involved by the Asteroid Belt. Jupiter has an attractive field multiple times more grounded than that of the Earth # 8217 ; s, holding a destroying result on its Moons. Saturn Saturn is the sixth planet from the Sun and the second biggest: In Roman folklore, Saturn is the God of agribusiness and has been known since ancient occasions. Galileo was the first to distinguish it with a telescope in 1610 ; he noticed its lopsided visual perspective however was befuddled by it. Early perceptions of Saturn were muddled by the way that the Earth goes through the plane of Saturn # 8217 ; s rings each couple of mature ages as Saturn moves in its circle Like Jupiter, Saturn is around 75 % H and 25 % He with traces of H2O, methane, ammonium hydroxide and # 8220 ; stone # 8221 ; , like the making out of the native Solar Nebula from which the close planetary system was framed. Ouranos Uranus is the Forth biggest planet in the Solar System and the seventh from the Sun. Named after the male parent of Saturn, Uranus is a pale blue green shading material because of the methane in its mood. Its attractive hub is at 60 evaluations to its pivot of rotating movement. The irregular pivotal joust may hold been brought about by a hit by a major natural structure right off the bat in Uranus # 8217 ; life. Researchers must anticipate another unending crucial. Uranus is made mostly out of stone and grouped frosts, with only around 15 % H and a little He ( rather than Jupiter and Saturn which are to a great extent hydrogen ) . Neptune Neptune # 8211 ; named after the Roman God of the ocean # 8211 ; was found using mathematic calculations dependent on the circle of Uranus. It is the third biggest planet in the Solar System and is regularly the second last planet in separation. Due to Pluto # 8217 ; s eccentic circle, Neptune is the last planet for 20 mature ages each 247 mature ages. Neptune was the last planet until late, when Pluto past it with its circle and turned into the last planet again. Pluto

Not About the Name

Not About the Name About a week and a half ago, I arrived at Logan airport to start this college thing! With two bags in hand (well, ok, one was a backpack), and my level of anxiousness climbing, I stepped into a taxi with a fellow ‘15er and just took in the imagery of the Charles River. The cab driver commented, “Oh, MIT. My siblings went there,” and proceeded to talk to us about an old radio that he and his friends found back in the day, turned into a metal detector, and used on an overturned beach to find coins with which they got rich, of course. You hear all kinds of stories about MIT even before getting here that emphasize how well-known it is. There are the stereotypes about its prestige, hacks, and even teary stories about how sometimes people don’t have any clue about where MIT is. My simple-enough, three-lettered name was occasionally replaced with a variation of “Hey, MIT!” soon after I was accepted, and classic are the surprising tales of friends asking about the Michigan or Missouri Institute of Technology. I mean, a place that allows me to take reasonably good pictures 1) without a flash 2) late at night and 3) with my low-spec camera surely deserves some credit. Yes, this place is awesome. It’s MIT, oh my goodness. We got in, whoop-dee-doo. But at the core, its so much more than that. I find myself observing (and totally appreciating) a certain kind of humility hereâ€"a concentration on action rather than on titles. Here, people aren’t at each others’ throats about rankings because rankings don’t exist *gasp*. The main thing isn’t “getting an A” (which you can’t technically acheive anyway because the first semester is pass/no record), it’s all about feeding your curiosity and fundamentally learning to learn. As one of my fellow classmates told me with a smile, “I’ll never get tired of the extent to which people here are open to learning for the sake of learning.” Plus, the opportunities are the same for all students, as Anna ’14 eloquently described: both the student that has never done research in their entire life and the student that started their first company while in the womb can get an opportunity to do research. Here, passion replaces pomp, and diversity breeds innovation. It’s one of the things I love most about MITâ€"the genuine sense of collaboration, understanding, kindness. Speeches I’ve listened to here have impressed me more because of the enthusiasm with which they were delivered, rather than because of the speakers’ long list of recognitions, and that’s saying a lot. Indeed, here I am as a freshman, a wide-eyed baby chick, newly hatched into this place, saying “hi, my name is…” more times than I ever have at any point in my entire life. I admit that I may not be able to remember all of the names of the many amazing people Ive met so far, but Ive promised myself  that Ill remember their faces, spirit, advice, and aknowledgement. In the end, that’s all that matters anyway.

Comparing Satire in Canterbury Tales, Pride and Prejudice...

Use of Satire in Canterbury Tales, Pride and Prejudice and The Rape of the Lock Jane Austen and Alexander Pope had had a myriad of writing styles and techniques from which to express the desired themes of their works. Satire, however, seemed to be the effective light-hearted, yet condescending, tool that enabled them to surface the faults and follies of their moral and elite society. In Chaucers Canterbury Tales, satire is used to the full extent in revealing the glutton within a pious and sacrificing nun, the vain hunter within a poor and meditative monk, and the vulgarity within a honorable woman of society. In Pride and Prejudice and The Rape of the Lock, Austen and Pope use contrasting forms of satire to obtain the†¦show more content†¦She believes in speaking her mind, exercising her wit with books, and falling in love with a mans character and soul rather than his yearly income. Elizabeths character is essential to the satirical purpose of the novel because it clashes loudly with the vanities that society holds so dearly, and force s society to see how it blindly debases itself by believing in the importance of appearance and status rather than self-importance and individuality. Austen further mocks society through Mary, Elizabeths younger sister. Mary conspicuously tries to defy the standard rules of proper ladies in society by refusing to dance at the balls, reading books in public, and using a verbose vocabulary to create the illusion that she is a well-accomplished woman. However, these actions only make her motives of being an individual to receive praise from society more obvious, adding another element of character satire to the novel. Popes The Rape of the Lock is a mock epic that uses hyperboles to fill an otherwise absurd and unimportant situation with pompous splendor; therefore, with the additional extravagancies, the situation becomes even more trivial. For example, in Popes poem a lord cuts a lock of hair from the head of a lovely maiden. The actual occurrence of such a trivia l matter in Popes society had caused great alarm, influencing him to light-heartedly ridicule the people involved in the situation by creating a

How Facebook Can Be Used For A Constructive Business Or...

be used for a constructive business or studies is spent searching for tweets and topics or people. Some users infect us with hate especially on matters politics and there are at times abusive discussions and law breaking by certain individuals. As a twitter user I am exposed to all these follies. Facebook on the other hand helps me find old friends and get in touch with them, it ensures that my cycle of friends keeps increasing and it is a way to connect with people who share the same likes. Once in a while I go to facebook to find updates and news that is not anywhere on the media. A major drawback of facebook is speculations and exaggerations of events, spread of hate messages and use of violent languages by some users. LinkedIn helps in shaping a professional life and gives information of what your professional network is up to, it enables one gather necessary information on well paying companies and the skills they seek for as well as help professional write their resumes in a captivating manner. It has a shortcoming in that some users are swindlers and pretends to be potential employers while they only seek unsuspecting users and cones them into giving out money or crucial information about them. Instagram on the other hand is beneficial in studying the way other people live from the photos they share and a platform to discover more on the social perspectives. It has a disadvantage of being relatively less informative on the current issues and has some nasty users inShow MoreRelatedSocial Media And Its Impact On Society1359 Words   |  6 PagesFacebook, like most of the internet, is an excellent innovation that has become a part of our daily lives. 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Transforming the Influence of the Media on our Lives Free Essays

Our goal in this publication is to help our readers lay a foundation for transforming the influence of the media on their lives. It is in all of our interests to critically assess, rather than mindlessly accept, news media pronouncements. Our hope is that we can aid readers to become more independent, insightful, and critical in responding to the content of news media messages and storiesIf objectivity or fairness in the construction of news stories is thought of as equivalent to presenting all the facts and only the facts (â€Å"All the news that’s fit to print†), objectivity and fairness is an illusion. We will write a custom essay sample on Transforming the Influence of the Media on our Lives or any similar topic only for you Order Now No human knows more than a small percentage of the facts and it is not possible to present all the facts (even if one did know them). It isn’t even possible to present all the important facts, for many criteria compete for determining what is â€Å"impor- tant. †We must therefore always ask,â€Å"What has been left out of this article? †Ã¢â‚¬Å"What would I think if different facts had been highlighted here? †Ã¢â‚¬Å"What if this article had been written by those who hold a point of view opposite to the one embedded in the story as told?† For example, people commonly consider facts to be important to the extent that they have significant implications for them personally: Is any given event going to affect what they want, how much is it going to cost them, how is it going to influence their income, their living conditions, their leisure, their convenience? How some given event is going to affect others, especially others far away and out of sight, is quite another matter. There is therefore a large divergence among the news media of the world as to what is presented as â€Å"significant† in the world. How to cite Transforming the Influence of the Media on our Lives, Papers

Diversification free essay sample

Consider, for example, an investment that consists of only the stock issued by a single company. If that companys stock suffers a serious downturn, your portfolio will sustain the full brunt of the decline. By splitting your investment between the stocks of two different companies, you reduce the potential risk to your portfolio. Another way to reduce the risk in your portfolio is to include bonds and cash. Because cash is generally used as a short-term reserve, most investors develop an asset allocation strategy for their portfolios based primarily on the use of stocks and bonds. It is never a bad idea to keep a portion of your invested assets in cash, or short-term money-market securities. Cash can be used in case of an emergency, and short-term money-market securities can be liquidated. Instantly in case an investment opportunity arises, or in the event your usual cash requirements spike and you need to sell investments to make payments. Also keep in mind that asset allocation and diversification are closely linked concepts; a diversified portfolio is created through the process of asset allocation. When creating a portfolio that contains both stocks and bonds, aggressive investors may lean toward a mix of 80% stocks and 20% bonds while conservative investors may prefer a 20% stocks to 80% bonds mix. Regardless of whether you are aggressive or conservative, the use of asset allocation to reduce risk through the selection of a balance of stocks and bonds for your portfolio is a more detailed description of how a diversified portfolio is created than the simplistic eggs in one basket concept. With this in mind, you will notice that mutual fund portfolios composed of a mix that includes both stocks and bonds are referred to as balanced portfolios. The specific balance of stocks and bonds in a given portfolio is designed to create a specific risk-reward ratio that offers the opportunity to achieve a certain rate of return on your investment in exchange for your willingness to accept a certain amount of risk. In general, the more risk you are willing to take, the greater the potential return on your investment. What Are My Options? If you are a person of limited means or you simply prefer uncomplicated investment scenarios, you could choose a single balanced mutual fund and invest all of your assets in the fund. For most investors, this strategy is far too simplistic. While a given mix of investments may be appropriate for a childs college education fund, that mix may not be a good match for long-term goals, such as retirement or estate planning. Likewise, investors with large sums of money often require strategies designed to address more complex needs, such as minimizing capital gains taxes or generating reliable income streams. Furthermore, while investing in a single mutual fund provides diversification among the basic asset classes of stocks, bonds and cash (funds often hold a small amount of cash from which to take their fees), the opportunities for diversification go far beyond these basic categories With stocks, investors can choose a specific style, such as focusing on large caps, mid caps or small caps. In each of these areas are stocks categorized as growth or value. Additional choices include domestic stocks and foreign stocks. Foreign stocks also offer sub-categorizations that include both developed and emerging markets. Both foreign and domestic stocks are also available in specific sectors, such as biotechnology and health care. In addition to the variety of equity investment choices, bonds also offer opportunities for diversification. Investors can choose long-term or short-term issues. They can also select high-yield or municipal bonds. Once again, risk tolerance and personal investment requirements will largely dictate investment selection. While stocks and bonds represent the traditional tools for portfolio construction, a host of alternative investments provide the opportunity for further diversification. Real estate investment trusts, hedge funds, art and other investments provide the opportunity to invest in vehicles that do not necessarily move in tandem with the traditional financial markets. These investments offer yet another method of portfolio diversification. The Importance of Diversification:- Diversification is a technique that reduces risk by allocating investments among various financial instruments, industries and other categories. It aims to maximize return by investing into different areas that would each react differently to the same event. Most investment professionals agree that, although it does not guarantee against loss, diversification is the most important component of reaching long-range financial goals while minimizing risk. Here we look at why this is true, and how to accomplish diversification in your portfolio. Different Types of Risk Investors confront two main types of risk when investing: Undiversifiable Also known as systematic or market risk, undiversifiable risk is associated with every company. Causes are things like inflation rates, exchange rates, political instability, war and interest rates. This type of risk is not specific to a particular company and/or industry, and it cannot be eliminated or reduced through diversification; it is just a risk that investors must accept. Diversifiable This risk is also known as unsystematic risk, and it is specific to a company, industry, market, economy or country; and it can be reduced through diversification. The most common sources of unsystematic risk are business risk and financial risk. Thus, the aim is to invest in various assets so that your assets are not all affected the same way by market events. Why one should Diversify Lets say you have a portfolio of only airline stocks. If it is publicly announced that airline pilots are going on an indefinite strike and that all flights are canceled, share prices of airline stocks would drop. Your portfolio would witness a noticeable drop in value. If, however, you counterbalanced the airline-industry stocks with a couple of railway stocks, only part of your portfolio would be affected. In fact, there is a good chance that the railway stocks prices would climb as passengers turn to trains as an alternative form of transportation. But you could diversify even further since there are many risks that affect both rail and air because each is involved in transportation. An event that reduces any form of travel hurts both types of companies statisticians would say that rail and air stocks have a strong correlation. Therefore, to achieve superior diversification, you would want to diversify across not only different types of companies but also different types of industries. The more uncorrelated your stocks are, the better. But its also important that you diversify among different asset classes. Because different assets such as bonds and stocks will not each react in the same way to adverse events, a combination of asset classes will reduce your portfolios sensitivity to market swings. Generally, the bond and equity markets move in opposite directions, so, if your portfolio is diversified across both areas, unpleasant movements in one will be offset by positive results in another. There are additional types of diversification and many synthetic investment products have been created to accommodate investors risk-tolerance levels; however, these products can be very complicated and are not meant to be created by beginner or small investors. For those who have less investment experience and do not have the financial backing to enter into hedging activities, bonds are the most popular way to diversify against the stock market. Unfortunately, as the world has seen cases of fraud and earnings manipulation, even the best analysis of a company and its financial statements cannot guarantee that it wont be a losing investment.