Management by crisis has become one of the most popular terms. These people allow a crisis to develop and then act upon it. They never try to anticipate a crisis, but act only when the full-blown crisis arrives. Why do they manage like this? They behave in this way because they subconsciously enjoy fighting crisis, and for that they manufacture one.

A good manager has few important tasks. To set goals, to achieve them, to manage resources effectively, to anticipate problems, to fight them if they come un announced, to think and plan of future and to prepare the organization to stay ahead. Some managers ignore the problems when they are small. Instead they pay their total attention to achieving given work. They sometimes believe that a problem may get solved in the course of time. Some times that does happen, but most of the times, it does not. At that point they have a crisis with them that needs immediate attention. They then leave all other work and put all the resources of the organization to fight the crisis. After fighting the crisis they present the case study to top management about how they fought the crisis successfully. Most of the top managers don’t ask – why was the problem not tackled in infancy, but applaud the manager for doing excellent fire fighting.

If you know that the electrical wiring in your building is old and needs immediate repair, why ignore it? Why not get it replaced in time? But that will never be recognized. That will be classified under general maintenance. If afire engulfs the building and you are able to save most of the precious papers, you will be applauded. This looks very improbable, but look around you and you will find a person with these characteristics.

• divx day after tomorrow the

Introduction

Mortgages were the original home loan agreement. In many ways, the mortgage changed the real estate market completely and turned it on its head in a very good way. Before the advent of the mortgage, the only way for people to go out and get what they wanted in terms of property was to pay for it outright. Since very few people possessed the means back then to pay for property outright, the ownership rights were only there for pretty much the upper middle class and the upper class people; the middle class downwards were excluded from this very important thing. Mortgages changed all of that and to understand how profound a mortgage is, it is important to take a close look at exactly what a mortgage entails.

Agreement

The agreement for a mortgage is one that is the main point of everything else that follows. Under the agreement of a typical mortgage, the person has the ability to borrow money from the bank in order to pay for a house or a property. The amount of money they can borrow varies, but for the majority of banks it usually resolves itself towards being around 95% of the actual quoted value of the house. In exchange for getting this very large loan, the person then agrees to put the house up as collateral against that loan, so that the bank has some way to save itself in the event that the person is unable to pay that loan back.
Read the rest of this entry