Art Business - Is Contemporary Art a safe investment Dissertation

Art Business - Is Contemporary Art a safe investment - Dissertation Example The study "Art Business - Is Contemporary Art a safe investment" explores the contemporary art market and the method of investment in the art market and discusses whether it is safe to invest in the contemporary art market, also taking into consideration the traditional investment products. The international art market is particularly focused on providing the right values to art and antiques. The government has a significant role to play in this regard that supports the retailers involved in the system making it difficult to access. Although parts of the system are supported by the government, but such supports are highly effective. The art market is mainly dominated by two companies – Sotheby’s and Christie’s. However there is no duopoly in the system and hence no effect on the consumers nor is there any cartel for fixing of prices. While the contemporary art market has emerged as a type of investment for individuals, there are the traditional types of investmen ts still prevailing effectively in the markets. Financial markets are existent since traditional times offering several means of investments. Financial markets are normally differentiated depending upon the types of investments, their maturities, the investments being made by the types of borrowers and the ones who are lending, market locations, and the means and ways of conducting the transactions. The financial markets are varied with the most essential being the money markets, capital markets, debt markets, equity markets, primary markets., secondary markets, derivative markets, stock markets, and over-the-counter markets. These markets not only provide with investment measures but are also competitive with each other (Besley and Brigham 2008). The most common types of traditional investments include stocks, bonds, mutual funds, along with alternative investments such as Options, Futures, FOREX, Gold, Real Estate, and others (Investing 101: Types of Investments 2013). Over the la st ten years, there have been significant changes in the industry of investment management. Several new methods of investment and investment products have been developed along with alternative methods of investments attracting more and more number of investors. Such changes have taken place owing to the need to manage the changes occurring in the financial regulations information technology, and demands and preferences of the investors (Crowder, Schneeweis and Kazemi 2012). However, although there are several new methods of investment and products available for customers, the traditional investment methods are still popular and most people tend to use the conventional methods for making investments, of which stocks, bonds, and mutual funds are the

Personal Management Skills Essay Example | Topics and Well Written Essays - 1500 words - 1

Personal Management Skills - Essay Example This is the most suitable way of overcoming the limitations and challenges in my current skills. Through training, I will expand my knowledge in political, economic, social cultural and technological factors which determine the attainment of my goals and objectives. I aspire to gain more experience in leadership through seeking management positions in a reputable organization. Love, (2005, p. 42) explains that experience gives leaders connections and resources which enhance achievement of the target aims and objectives. Through work experience in leadership, I will acquire connection with prominent and influential people. Moreover, work experience will help me attain the financial resources which are required for effective attainment of goals. My personal aspirations are based on the knowledge that a leader requires personal management skills such as communication, interpersonal relations, proper time and resource management. Additionally, I am aware that there are political, economi c, social-cultural and technological factors in the environment which influence the success of leadership. Personal SWOT Analysis My Strengths According to Boone & Peborde (2008), planning, resource management, communication and organizational skills are required by a leader. Additionally, an effective leader should have ability for self development and overcoming challenges. My personal strengths make me suitable for leadership because apart from been excellent in managing people, I am a very responsible person and this enables me to effectively manage both financial and human resources. Riley & Mulford (2007, p. 81) points out that ability of a leader to take responsibility in the management of financial resources demonstrates that he or she would be relied upon in leadership. I am a serious individual when it comes to work and I act professionally in execution of all duties that I am responsible for. My experiences in leadership roles make me confident that my personal management skills are adequate for a leadership role. In University I was a leader of our student association for a period of one year. In this period I applied my personal strengths to effectively lead a group of eight executives My time management skills and adaptability are among my core strengths which proved to be very important in my leadership experience in University. As a president of the students association, I was able to make timely arrangements for meetings and projects. It is through my admirable adaptability that I was able to interact with students from diverse backgrounds and accommodate their different ideas. According to the assertions of Cameron (2002), leaders need to be flexible so that they would adapt to the divergent opinions of their followers. In my leadership experience I was enabled to apply my abilities and strengths to control, align and coordinate many activities associated with student activities. However, I consider my ability to learn fast as the most lucrat ive strength which helped me to be a successful leader of the student’s association. This is because, I started as a novice leader but gained management and leadership skills very fast through quick leaning especially in professional communication and relationship with other officials and members of the association. My personal managem