Whats the Best Way to Tackle Student Loan Debt

Whats the Best Way to Tackle Student Loan Debt Whats the Best Way to Tackle Student Loan Debt? Whats the Best Way to Tackle Student Loan Debt?Your strategy will depend on what kinds of student loans youve taken out, what interest rates you pay, and how much extra money you can spare.Student loan debt is huge. And if youre not careful (or just unlucky) your debt load can just keep growing and swallowing up your future prospects, like The Blob from The Blob (1958) or The Blob from The Blob (1988).Like the issue of medical debt, fixing the student debt crisis is going to take a lot more than just individual action. It’ll require huge structural shifts and legislation.But we only have a single blog right now, so we’ll just focus on tips from our experts that will hopefully help you manage your personal student debt situation. Basic accounting and budgeting.Before trying any fancy stuff, you’ll want to get the basics out of the way.“First thing is first when it comes to student loans, how much are you paying every month and can you pay more?” inquired Josh Hastings, found er of Money Life Wax (@moneylifewax).“Having a positive monthly income to tackle student loans quicker is a must. There are several ways to easily increase your monthly income, from cutting the cable to reducing gym memberships, realizing every dollar counts is vital.Managing how money goes to entertainment and food is an area where millennials especially can really direct more money to their student loans.”And when it comes to directing that money, you’ll want to understand your repayment options.Federal student loans have several options.When thinking about your student loan payment options, it’s important to know if (or what portion of) your student loans are federal or private.“The best way to manage your student loan debt is understanding all your repayment options,” bankruptcy attorney  Ashley F. Morgan (@AFM_Law) advised. “Federal student loan payments will automatically be based on a standard ten-year repayment plan. However, there are payment options for feder al loans that spread out your payments over more years or base the payments on your income.Based on income, you could qualify to have your student loan payments capped at a percentage of your discretionary income. If your income is low enough, your payment could be $0 per month. However, you do have to reapply for the income-driven programs every year and submit documentation of your current income so the payment can be recalculated.After payments for 20-25 years (depending on the plan) on an income-driven plan, the remaining balance is forgiven. The downside to these income-based programs is that currently any remaining debt that is forgiven will be taxed as income.”Private student loans have fewer options.As for student loans that youve taken out from a private lender, here’s what Student Loan Lawyer Joshua Cohen (@studentloanlaw) had to say about those:“Private loans are much harder to work with. If you can’t afford the loan, you’re stuck with the eventuality of defaul ting, suffering credit damage, and could possibly be sued. If the payment is affordable, do your best to stick with it.If you have excellent credit and good income, a refinance might work to your benefit to lower the interest rate and obtain a more affordable payment. However, for those who can’t afford the current payment, you’re in a catch-22. You don’t earn enough to refinance to a lower interest rate.If you have a co-signer but still can’t afford the loan, a chapter 13 bankruptcy may be a smart way to protect your co-signer and give you time to pay down the loan. It’s not an optimal solution, but for some there is no other option.”Prioritize payments and consider consolidation.Private loans are also very likely to have higher interest rates. It’s another important factor to take into account when determining which payments to prioritize.“I work on paying off the loans with the highest interest rates first,” explained personal finance writer and student loan exp ert Ashley Chorpenning (@AshleyLCreative). “Not only does this lower my weighted rate but it makes me feel as though I am making progress.”Chorpenning also advised looking into turning multiple loans into a smaller number of loans: “All of my loans are in one place but if you have loans with multiple lenders, you may want to consolidate your loans. This way you can have all your loans organized in one place. This will not lower your rate but it will help you stay organized.”But it isn’t always ideal.“Consolidating is not always the best idea and truly depends on how the loans were originally distributed,” added Hastings.“For example, if the borrower has 10 small loans, sometimes consolidating will actually hurt. Since the interest is determined by the principal balance, a larger principal balance can mean more in interest. Losing the luxury to individually attack loans, which in turn frees up more cash flow, is lost with consolidating.”Regardless, as Chorpenning sa id, consolidating won’t lower your rates. But what might have a chance of lowering your rate?If the situation is right, refinance.Is refinancing a magic tool to lower your student loan rates? Well… not exactly. But it can be helpful in the right circumstances.“Refinancing student loans is popular right now,” Morgan told us. “It can help you save some money on interest. This can often be a good option for private student loans, but I caution people about refinancing federal student loans.One major issue to refinancing any federal student loans is that you would be losing the protections of income-based repayments and temporary stays in payments. If in the future you lose your job or cannot make a payment (sickness, illness, major expenses, etc.) you can contact the federal student loan lenders for a deferment or a zero payment until you get a better situation.This leaves your credit in good standing. If you have private loans through a refinance, the lenders rarely would al low you to miss a payment without issues or reporting to credit bureaus.”Cohen echoed Morgan’s advice: “Is it feasible to renegotiate or refinance? Private loans can be refinanced, but only with great credit and income. This can get a lower interest rate which allows the loan to be more affordable and/or paid off quicker.Refinancing federal loans to get a better interest rate can only be achieved by converting the loan to a private student loan, which rarely makes sense. The borrower loses all of the federal protections and benefits when they do this.”Even if you are able to get a better rate, that rate will be more than zero, so you’ll still have to work out the payment strategy that works best for you.Pick a strategy and then stick with it.Hastings offered these two options to consider:“There are two primary strategies when it comes to attacking student loans. A simple strategy is just to start with the lowest balance, decide on an extra amount to pay towards it monthl y, and pay it off as fast as possible. Wash rinse repeat.“A different strategy would actually be to attack the loan with the highest interest rate first, then move down the ladder. Typically, they usually are pretty even when it is all said and done.”Whatever strategy you pick, it won’t be fun. But hopefully this advice will make it a little less painful.Here on the OppLoans Financial Sense blog, weve written tons posts about managing debt, especially when you have bad credit. (Heres some really helpful advice: stay the heck away from predatory short-term  bad credit loans  and  no credit check loans  like cash advances, payday loans, and title loans!) To learn more about managing your debt load, check out these related posts and articles from OppLoans:Financial Priorities: Which Debts Should You Pay Off First?Are Balance Transfers a Good Way to Pay Down Debt?Can You Flee Your Debt by Fleeing the Country?Understanding Debt Relief With Michael Bovee of The Consumer Recovery Net workWhats your strategy for paying back your student loans? We want to hear about it! You can find us  on  Facebook  and  Twitter.Visit OppLoans on  YouTube  |  Facebook  |  Twitter  |  LinkedINContributorsAshley Chorpenning (@AshleyLCreative) is a personal finance writer and student loan expert. Her degree in finance led her to a passion for educating others on financial literacy and positive financial habits.During college,  Joshua Cohen (@studentloanlaw) got a job with the financial aid office as part of a work-study program. There, he saw the dark side of the college financial aid system. He decided that it was unacceptable for college students to be put into student loan debt slavery and kept in the dark about their options for freedom. Now he helps people who struggle with student loan problems.Josh Hastings is a former High School Athletic Director at the secondary level who shifted his focus in 2016 to focus more effort on his entrepreneur endeavors. In 2017 he founded  Mone yLifeWax.com (@moneylifewax), a personal finance site dedicated to helping millennials with student loans. With an emphasis on money and finance behavior, Josh started Money Life Wax  to help millennials realize there are other ways to make money and be happy in the 21st century.Ashley F. Morgan (@AFM_Law) is licensed to practice law in the Commonwealth of Virginia. She is also authorized and admitted to practice law in the United States District Court and the United States Bankruptcy Court for the Eastern District of Virginia. She has dedicated the majority of her legal career helping clients file Chapter 7, 11, and 13 in the Eastern District of Virginia. Ashley works with both individual and business debtors to find the best solution to their debt problems. She is regularly in bankruptcy court in Alexandria, VA or attending 341s with our clients.

The Compass How a Small Navigational Instrument Changed...

â€Å"Navigation, in its simplest form, means to find your way to a point and back again.† For much of human history, naval navigation consisted of travelling on rivers and waterways, and when at sea, following the coastline so to not get lost. The compass changed that; sailors could boldly sail into the middle of an Ocean, and know that if they headed west, all they had to do to return was head east. The compass itself is a simple navigational instrument that contains a magnetic component that aligns itself with the Earth’s own magnetic pole, allowing the user to know the directions of North and South, and subsequently East and West. Due to the ease of use, and the efficiency of the compass, it played a major role in the Age of Exploration,†¦show more content†¦The compass arrived in Europe in the twelfth century A.D. by sea from the Arabs as the first European reference to it is one of Alexander Neckham, a St. Albans monk in the twelfth century. The birthp lace of the modern European magnetic compass was then in Amalfi, where, between 1295 and 1302, a perfected version of the Chinese compass was created in the form of a round box with a magnetic component, a compass card, wind rose, and the 360 degrees marked out. It is important to note that the main use for the compass in Europe was navigation, opening the doors to its potential as a significant navigational tool. The advantages of the compass become clear when compared to earlier methods of navigation, early tools, and those used at the time of the compass. Early navigation relied heavily on sight, memory, and estimations. Navigators would estimate their positions based on the constellations, the sun, the moon, and visual cues like islands and the shore. Early seafarers stayed close to the land, so they would follow the coast to their destination. While this is not a bad idea, it can be inefficient if following the coast is a longer distance than heading by the water. The earliest navigational tool available to seafarers is dead reckoning. Dead reckoning is the act of estimating location based on the distance travelled, which in turn came from the time travelled and an estimate of the average velocity of the vessel. However, an error in the calculations,Show MoreRelatedSecurity Forces51988 Words   |  208 PagesThis can be either OPCON or TACON based on the situation. They mostly have OPCON because they manage day to day operations and ensure unit instructions are implemented. The Operations Superintendent would have OPCON and TACON as well. Making small changes to how we operate as an organization to become more effective in daily operations would be TACON. The flight chief is the best example of TACON as they run the flight who is conducting the daily operations. They are told to conduct guardmount, butRead MoreNfpa 100630569 Words   |  123 Pages3.23, Collapse Support Operations. 3.3.64 Excavation. Any man-made cut, cavity, trench, or depression in an earth surface, formed by the removal of earth. [1670, 2004] 3.3.65* Extinguishing Devices. Devices used to suppress fire, including, but not limited to, CO2 extinguishers, dry chemical extinguishers, hose lines, and fire-fighting foam. 3.3.66* Face(s). The vertical or inclined earth surface formed as a result of excavation work. [1670, 2004] 3.3.67 Failure. The breakage, displacement, or permanentRead MoreNfpa 100630576 Words   |  123 Pages3.23, Collapse Support Operations. 3.3.64 Excavation. Any man-made cut, cavity, trench, or depression in an earth surface, formed by the removal of earth. [1670, 2004] 3.3.65* Extinguishing Devices. Devices used to suppress fire, including, but not limited to, CO2 extinguishers, dry chemical extinguishers, hose lines, and fire-fighting foam. 3.3.66* Face(s). The vertical or inclined earth surface formed as a result of excavation work. [1670, 2004] 3.3.67 Failure. The breakage, displacement, or permanent

A Research Study On Sociology - 1381 Words

Sociology is a study that requires detailed scrutiny and exploration. Comparatively, it is as meticulous as science in that it demands that those who aspire to publish a theory research, research, and research again. The same results must be calculated repeatedly and every thought must be correlated and consistent. A sociologist who was remarkably successful at doing such was George Herbert Mead. It was said of his thoroughness at his death by Professor John Dewey that, â€Å"he threw himself completely into whatever he had to do in all the circumstances and relations which life brought to him† (Dewey 309). Likewise, in the same setting, Professor Dewey speaks of his thought process stating that â€Å"his ideas were always genuinely original; they started one thinking in directions where it had never occurred to one that it was worthwhile even to look† (Dewey 311). Consequently, Mead is responsible for creating a whole branch in sociology called symbolic interactionism. This branch brought attention to the symbols in society and the correlations between them in ways that sociologist had yet to address. Though it is primarily rooted in American thought, the life of George Herbert Mead and his work has revolutionized how sociologist and psychologist consider symbols and their effect on society around the world. Biography The life of George Herbert Mead began in February of 1863. His childhood was molded by a Puritan father and many of his mannerisms later in life stemmed from this.Show MoreRelatedA Research Study Of Sociology1708 Words   |  7 Pagesobserving them for many years. In doing this they were examining individuals of different social classes along with statuses and observing their role in humankind this they labeled as the study of sociology. This evolved into a form of study beginning in the 19th century as scientists began to observe and study differences in social classes among people. The way people communicate together, the way they act, and the way they work together as groups of people is the sole base for this type of scienceRead MoreA Research Study On Anthropology And Sociology1308 Words   |  6 Pagesanalysis coming from anthropology and sociology where the researcher studies the common forms of a person’s actions,vocabulary, and movements of a complete social cluste r in an ordinary location over a lengthy period of time. Documents gathering often includes clarifications and dialogues(Creswell, 2014).A qualitative researcher uses ordinary locations, they are the main mechanism, collects numerous origin of evidence, uses inductive and deductive statistics study, put emphasis on contributors’ significanceRead MoreSuppose Your Sociology Instructor Has Asked You to Do a Study of Homelessness. Which Research Technique (Survey, Observation, Experiment, Existing Sources) Would You Find the Most Useful? How Would You Use That Technique to Complete Your Assignment?778 Words   |  4 PagesSuppose your sociology instructor has asked you to do a study of homelessness. Which research technique (survey, observation, experiment, existing sources) would you find the most useful? How would you use that technique to complete your assignment? If my sociology instructor has asked me to do a study of homelessness, I will choose the observation research technique because I think this method is the most useful to me. In definition, observation means collecting information through direct participationRead MoreSociology : How Human Action And Consciousness Shape The Surrounding Of Cultural And Social Culture1734 Words   |  7 PagesZygmunt Bauman once said, â€Å"The task for sociology is to come to the help of the individual. We have to be in service of freedom. It is something we have lost sight of.† This quote means the main purpose of sociology is to help people with our freedom of service, because it is something we as people lost sight of. Sociology can be defined by Dictionary.com, as the science or study of the origin, development, organization, and functioning of human society; the science of the fundamental laws of socialRead MoreWhy An Independent Variable Affects A Dependent Variable888 Words   |  4 Pag es Surveys and Experiments, Longitudinal studies, are two significant methods of research used in Sociology. First, the Survey method, a primary research method, studies a larger, broader population of sociology (Bryant, L. (2014), (Census). For this survey method, experimenter choose the subject and questions needed for the collection of data. The advantage of this method involves a faster evaluation period and is inexpensive. However, the disadvantage of this method is the interviewers inabilityRead MorePrevalence And Growth Of Cohabitation756 Words   |  4 Pages by Richard Fry, a senior researcher at the Pew Research Center, and D’vera Cohn, a senior writer and editor at the Pew Research Center, reports on the increasing trend of cohabiting couples. The research shows that the number of couples cohabiting has doubled, from 3% to 7%, over the past 15 years. The study was conducted by the Pew Research Center, and from what I have read there seem to be no gaps or omissions in the research presented. Study: Are Cohabiting Parents Bad For Kids?, by JenniferRead MoreAsdfghjkl894 Words   |  4 PagesSociology Research Area * * Aging and the Life Course * Alcohol and Substance Abuse * Asia amp; Asian America * Collective Behavior and Social Movements * Community and Urban Sociology * Comparative and Historical Sociology * Sociology and Computers * Crime, Law amp; Deviance * Economic Sociology * Environment amp; Technology * Family amp; Marriage * History of Sociology * International Migration * Latino/aRead MoreThe Study Of Human Social Relationships And Institutions873 Words   |  4 PagesAssociation Sociology; there are only so many ways to define this term and one of them according to The University of North Carolina, is â€Å"the study of human social relationships and institutions.† A sociologist’s on the other hand is someone who works as a professor, researcher, or consultant on sociological issues. For all the sociologists in the world, what they are simply trying to do in the most basic sense is understand society. There are hundreds of people who dedicate their life to study sociologyRead MoreSociology as a Science Essay1149 Words   |  5 Pages Sociology emerged in the eighteenth century after a period of intense cultural, social and economic changes. As people began to try to understand these changes, there came a period called the Enlightenment. This is also considered by Hamilton (1992) to be a â€Å"time characterised by the development of distinctively modern forms of thought about society and the realm of the social.† The Enlightenment encouraged a new way of thinking marked by application of reason, experienceRead MorePsychology And Sociology And Psychology1612 Words   |  7 PagesWhen we think of society or people, and their behavior, psychology and sociology come to our mind. This is because they are academic fields that posses the same main idea, which is the study of the behavior. Although these two sciences have enormous differences, for those whom never had read anything about this topics it would seem the same. Despite bearing some superficial similarities, the differences between sociology and psychology are pronounced. Actually the main contrast between them is

Features Of A Relational Database - 2318 Words

Features of a relational database Primary keys: The main feature of a relation database would be the primary key. It is a unique identifier set to each and every record that travels across different tables in relationships. An example of a primary key is a Social Security number. The primary keys job is to make each record unique and it lets data to be kept in more than one table. Each table within a relational database will have a field for the primary key. Foreign keys: A foreign key is a column in a database that links data between tables by cross referencing because it references primary keys from other tables. For example if there are two tables, customer and order then a†¦show more content†¦It can also be broken down into short, medium and long date/time. Date: 31/01/14, 31-Jan-14, 31 January 2014 Time: 19:24, 7:24 PM, 19:24:30 Autonumber- This will increase by 1 each time a new record is added to the database Record 1 : 1 Record 2 : 2 Record 3 : 3 Boolean (yes/no)- This is a data type that restricts the record to only two choices, either yes or no. Yes : No On : Off Validation rules Validation within a database is used to make sure the data entered into the database is sensible and makes sense, also to avoid any typing errors. You make a rule which only allows certain things to be typed into the database e.g. only 11 numbers for a mobile phone number so that you don’t accidently type the wrong amount of digits. It will come up as an error if you try and then that is when you notice your mistake. Benefits Having a relational database will greatly reduce the data redundancy because it will get rid of the repeated data within a database. This is done by going through the normalisation process and therefore since there is less data in the database it is much faster access, searching data, updating data, sorting and reporting. Stages of normalisation The steps of normalisation will be fully explained in the following steps: Firstly you need to turn this into a unormalised table by: - Create column headings for the table for each data item on the report and ignore any calculatedShow MoreRelatedThe Features Of A Relational Database1585 Words   |  7 Pages P1 - Explain the features of a relational database. This is to be shown as a report or presentation and must discuss the following. †¢ Features: entities; attributes; relationships; †¢ Entities: primary keys, foreign keys; referential integrity; attributes; †¢ Attributes: field properties e.g. data types, size, validation rules †¢ Relationships: one-to-many; one-to-one; many-to-many Relational database – This is a database that contains more than one table of which are linked using key fieldsRead MoreThe Features Of A Relational Database1406 Words   |  6 PagesP1 Explain the features of a relational database. Introduction: A company called Ian’s Co currently employs a team of IT technicians to manage their IT infrastructure and also support the IT users. Also quite recently the company has taken over a similar but a smaller company which is also employs technical support staff in the same way. What is a relational database? Firstly a relational database contains a set of tables which basically are linked collectively by the relationships between theRead MoreFeatures Of A Relational Database2399 Words   |  10 PagesFeatures of a relational database I will be explaining all the features of a relational database such as entities, attributes, relationships and benefits and will be giving examples on each of these to show how they affect the database. Primary keys: The main feature of a relation database would be the primary key. It is a unique identifier set to each and every record which moves across different tables in relationships. A good example of a primary key is a Social Security number. The primary keysRead MoreWhat A Database Is, Features Of A Relational Database, And The Benefits Of Relational Databases1659 Words   |  7 PagesIntroduction: In this report I am going to explain what a database is, features of a relational database, and the benefits of a relational database, purpose of primary keys and how they are used to build relationships, and I am also going to focus on, what are foreign keys and how they are been used, explain referential integrity and finally, how to apply referential integrity. I am also going to backed up my views and opinions with the valid references. Assessment introduction Iain’s Co is aRead MoreRelational Databases For An Efficient Data Management And Retrieval Of Data1032 Words   |  5 Pagesan issue due to the growing need in business and academia. To resolve these issues a number of databases models have been created. Relational databases allow data storage, retrieval and manipulation using a standard Structured Query Language (SQL). Until now, relational databases were an optimal enterprise storage choice. However, with an increase in growth of stored and analyzed data, relational databases have displayed a variety of limitations. The limitations of scalability, storage and efficiencyRead MoreKey Features Of The Database Management System1035 Words   |  5 Pagesthis paper we will examine the key features of the database management system MongoDB. Day-to-day information is growing in gigantic amount. Generated information include predominant information and it will have to be analyzed for gathering essential expertise. On the whole, re lational databases are used so as to system the data. These, ways works successfully for small amount of knowledge. What if the data is very tremendous? To avoid this problems Mongo databases are introduced. MongoDB is a cross-platformRead MoreAnalysis Memorandum1532 Words   |  7 Pagesanalysis memorandum proposing the use of Microsoft Access databases within our Security Division’s infrastructure. Many security managers are relying heavily on the use of Microsoft Excel spreadsheets in order to keep track of their personnel, security violations, inspection programs and training. While spreadsheets are effective means for complex calculations they are also limited in that they basically fall short in showing the relational qualities of security data in relationship to particularRead MoreWhat Is A Relational Database?1043 Words   |  5 PagesWhat is a Relational Database? Relation database is a database model in which information is stored in separate tables stored in a linked relationship in a table with rows and columns. Each table has a record which is known as tuples and each record has a field which is known as an attribute which all containing unique value, every table has at least one field with another table such as many to many’ ‘one to many’ or ‘one to one’ relationships. What is the purpose of a relational database? The purposeRead MoreRelational Database Management System Essay1078 Words   |  5 PagesRelational Database Management System Oracle provides a flexible RDBMS called Oracle7. Using its features, you can store and manage data with all the advantages of a relational structure plus PL/SQL, an engine that provides you with the ability to store and execute program units. The server offers the options of retrieving data based on optimization techniques. It includes security features that control how a database is accessed and used. Other features include consistency and protection of dataRead MoreBtec1256 Words   |  6 PagesLearner Registration No. Assessor Name LEI13160876 Soory Abbassi 15/10/13 Hand-in Date Submitted On 15/10/13 18/03/14 Qualification and Programme Number Unit Number and Title BTEC Extended Diploma In IT (QCF): Level 3 Unit 18: Database Design Assignment Title Assignment 1 No. 1 of 2 Whole or Part of Unit? Whole /Part Grade for Whole Unit Deadlines: If you do not meet the deadlines for handing in your assignments you may not have your work marked. This could result

Global Connections through Technology Material

Question: Case Study: Global Connections through Technology Material. Answer: Summary: Using the Crowd as an Innovation Partner In recent time, every organization is facing difficulties to operate their business particularly in solving complex problem. Many organizations is appointing personnel to solve those problems but most of the time the problems are becoming so complex that limited number of employees are not getting success (Boudreau Lakhani, 2013). To manage this problem, many company now a day is involving crowedsource to solve complex problems for the organization. The concept of crowedsource is new in the business that is associated with the knowledge processing capabilities. The company specialized in amassing knowledge and innovation opportunities to address the problems and marshaling are relatively well-integrated environment (Muller et al., 2015). In contrast, a well-functioning crowd was loose and decentralized. Its varied skills, experience and perspectives to a problem with the widely diverse individuals exposes. Moreover, it is a scale that surpasses even the largest and most complex glob al corporation that, given the challenges of a focus on bringing in more people to work (Trasforini et al., 2015). The participant of the crowedsource is highly self motivated to provide their service but to arrange them in a structured way is to develop a crowed contest to increase the more number of quality participants in the process. To arrange more number of participants many companies are providing incentives to them to get more quality work (Meier, 2012). To take the advantage of the crowed innovation company should understand the summary of crowedsource approaches that is associated with the contest, collaborative communities, complementors and the labour markets, which is different from the traditional organization. Recommendations Filtering While using the crowedsource most important part is the filtering process. It allows filtering the source material as well as the purpose. With the help of the filter process, it is important to measure the quality of the job provided by the crowed because there will be lot of source available in the market and quality differs with the individual. Determining target solvers Company is accessing the crowed source to get a quality solution that is not possible with the existing employees. Therefore, it is important for the company to determine that who are going to solve the problem. Determining the solver community will help to increase the quality of the job. Determining the solver community, also reduce the time of the bidding process and limited number of participant genuinely cote for the job. Demonstrate the task properly Company has to demonstrate the problem properly because all the solvers are virtually connected to the company and they understand whatever company is uploading. If the quality of the task description is good then only company will get the better solution from their solver. Provide more wining scope When company is trying to get solution for complex problem then it needs quality. Quality personnel are available with good incentives only. Therefore, every company should provide lucrative incentive to get more number of solver involvements. Motivate solver Solver in this profession get intrinsic motivation however, company should also take initiative to motivate solver to increase the involvement of the participant. Summary: Managing knowledge Every activity of the business needs proper utilization of knowledge management to overcome every solution. Most importantly, knowledge is the source of every business that helps to attend the success of the business. Utilization of the knowledge is the core concept of the business therefore, it is very important to understand and manage knowledge properly so that they can maintain the proper database (Galliers Leidner, 2014). In recent time, knowledge is also serving as a product that is helping many companies to get business. Database is also considered as the knowledge that helps in the business process. There has been two approaches in the field of knowledge management that are codification strategy and personalization strategy (Von Krogh, 2012). Codification strategy is associated with the people to document approach whereas personalization strategy is associated with the people to people approach. Most of the consulting firm manages their knowledge implementing both the approa ches in their business. Consulting firm of knowledge management develop a network of people from different field who support them to solve various problem (Durst Runar Edvardsson, 2012). This activity can be done through the help of text or a document process or the knowledge can be transferred face to face to the client through the help of the expert. Therefore, management of knowledge is the utilization of the right talent in the right place to get the best solution (Alexy, George Salter, 2013). Developing a network for getting continuous problem is also important for the consulting firm otherwise they will not be able to sustain with the knowledge network. Recommendations Offer customized product Todays business environment is highly dynamic that changes its direction every moment due to the changing behaviour of the customer. Most importantly todays customer always need the unique product to satisfy their need because importance of the basic requirement is less. To attract valuable customer it is important for the consulting firm to offer customized service so that they can meet the demand of the customer. There are another benefit of the customized service that is it will fit the requirement of every customer and they will not hesitate to approach the company to avail their service. Use explicit or tacit knowledge A knowledge consulting firm should use both explicit and tacit knowledge in their business. Explicit knowledge will help to implement it in document or in database whereas tacit knowledge is associated with the context, experience, practice and values that provide more business scope. Do not isolate your knowledge management Isolation of the business scope is the associated with the business risk because it will limit the customer profile as well as the business scope. No consulting firm should restrict their knowledge management within certain industries rather they should develop the network of people in such a way so that they can access any problem and provide solution. It helps to work with the related problem of a certain business that increases the scope. Isolation also restricts the growth of the organization in terms of experience and they will not be able to increase their business. References Alexy, O., George, G., Salter, A. J. (2013). Cui bono? The selective revealing of knowledge and its implications for innovative activity.Academy of Management Review,38(2), 270-291. Boudreau, K. J., Lakhani, K. R. (2013). Using the crowd as an innovation partner.Harvard business review,91(4), 60-69. Durst, S., Runar Edvardsson, I. (2012). Knowledge management in SMEs: a literature review.Journal of Knowledge Management,16(6), 879-903. Galliers, R. D., Leidner, D. E. (2014).Strategic information management: challenges and strategies in managing information systems. Routledge. Meier, P. (2012). Crisis mapping in action: How open source software and global volunteer networks are changing the world, one map at a time.Journal of Map Geography Libraries,8(2), 89-100. Muller, J. P., Yershov, V., Sidiropoulos, P., Gwinner, K., Willner, K., Fanara, L., ... Cantini, F. (2015, October). EU-FP7-iMARS: analysis of Mars multi-resolution images using auto-coregistration, data mining and crowd source techniques: A Mid-term Report. InEuropean Planetary Science Congress 2015, Trasforini, E., De Angeli, S., Fiorini, M., Rossi, L., Rudari, R. (2015, April). Use of crowd source, Open Data and EO-based information in flood damage assessment: the 2014 urban flood in Genoa. InEGU General Assembly Conference Abstracts(Vol. 17, p. 11756). Von Krogh, G. (2012). How does social software change knowledge management? Toward a strategic research agenda.The Journal of Strategic Information Systems,21(2), 154-164.

Lab Earth Science lab Essay Example

Lab Earth Science lab Essay Complete the following table based on the observations you made during the lab. Experiment Observations Cold water After I had opened the bottle, condensation rose to the top of the water bottle where the air was. Cold water plus match With water plus the match, the smoke from the match causing condensation displaced air. Hot water With hot water, the steam covered the top of the bottle. Hot water plus match With the match in the smoke went all the way to the bottom of the bottle to make a cloud. (5 points) 2. Why do you think the presence of smoke contributed to cloud formation? Answer: think the presence of the smoke contributed to cloud formation since the moisture in the bottle from the water collects smoke particles which form into clouds. In the sky water molecules cling onto solid particles. (5 points) 3. What role did pressure play in the formation of the clouds? Answer: Pressure played a huge role, the atmospheric air pressure pushed up the smoke where it reaches the top of the bottle collects water molecules and is pushed back down forming a cloud. 4. Based on what you have discovered, which of the following conditions would lead to the formation of clouds? 1 . Moist air moves up as it encounters a mountain range. 2. High pressure is moving into an area. 3. The air over a large parking lot is warmer in the afternoon than the surrounding park is. 4. The horse latitudes are areas Of sinking air. 5. Low pressure moves into your area. We will write a custom essay sample on Lab Earth Science lab specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Lab Earth Science lab specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Lab Earth Science lab specifically for you FOR ONLY $16.38 $13.9/page Hire Writer

Free Essays on Time Capsule

We are a society that is on the go, we try to do more in less time, and we want it â€Å"now.† The 21st century has been labeled by some as the century of â€Å"Instant Gratification.† As a result, technology has developed by leaps and bounds, to satisfy our growing need for wanting what we want, when we want it. If I were asked to name three items to place in a time capsule that would best represent the 21st century I would select a microwave, a computer, and a VCR (Video Cassette Recorder). I feel a microwave best represents the 21st century because it fits perfectly into our â€Å"on the go† lifestyles. It is easy to use, takes less time, and is safer than conventional cooking. With a few basic rules and directions, even our children can use a microwave. All it takes is a couple of minutes, and a few taps on the keys, and then anyone can have a hot meal. The microwave has become the new kitchen marvel. I would also include a computer because a computer gives us the opportunity to do more in less time. For example, computers can figure out simple and complex math problems, quickly and effectively. Computers can also point out our mistakes in writing, so that we can make corrections quicker and with less mess. Our children enjoy learning through games available in learning software. This frees up adults’ time to accomplish other tasks, and the children seem to learn quicker when they are enjoying themselves. Without computers we would not be able to tap into the wealth of knowledge available on the Internet. We enjoy sharing our knowledge with one another, and we can communicate in a flash with the use of instant messaging and e-mail. Lastly, I would include a VCR because humans love stories and the VCR reinforces our desires of â€Å"Instant Gratification.† The human race has always been storytellers, whether the stories are real, make believe, new or old. In the 21st Century, we have many ways to convey our stor... Free Essays on Time Capsule Free Essays on Time Capsule We are a society that is on the go, we try to do more in less time, and we want it â€Å"now.† The 21st century has been labeled by some as the century of â€Å"Instant Gratification.† As a result, technology has developed by leaps and bounds, to satisfy our growing need for wanting what we want, when we want it. If I were asked to name three items to place in a time capsule that would best represent the 21st century I would select a microwave, a computer, and a VCR (Video Cassette Recorder). I feel a microwave best represents the 21st century because it fits perfectly into our â€Å"on the go† lifestyles. It is easy to use, takes less time, and is safer than conventional cooking. With a few basic rules and directions, even our children can use a microwave. All it takes is a couple of minutes, and a few taps on the keys, and then anyone can have a hot meal. The microwave has become the new kitchen marvel. I would also include a computer because a computer gives us the opportunity to do more in less time. For example, computers can figure out simple and complex math problems, quickly and effectively. Computers can also point out our mistakes in writing, so that we can make corrections quicker and with less mess. Our children enjoy learning through games available in learning software. This frees up adults’ time to accomplish other tasks, and the children seem to learn quicker when they are enjoying themselves. Without computers we would not be able to tap into the wealth of knowledge available on the Internet. We enjoy sharing our knowledge with one another, and we can communicate in a flash with the use of instant messaging and e-mail. Lastly, I would include a VCR because humans love stories and the VCR reinforces our desires of â€Å"Instant Gratification.† The human race has always been storytellers, whether the stories are real, make believe, new or old. In the 21st Century, we have many ways to convey our stor...