Risk management Assignment Example | Topics and Well Written Essays - 2500 words

Risk management - Assignment Example Integrating risk assessment in every process at the organization improves the quality of decisions made in avoiding losses and eliminating uncertainties. The approach taken in risk management proposes that organizational processes and decisions adopt a thorough implementation of projected objectives. It therefore implies that risk management principles facilitate the integration of every level of coordination of organizational operations and functionalities. Inclusiveness of every organizational need in the success definition elevates the management of the organization to a vintage point enabling tackling of all challenges. Reliance on the latest form of information and of the best available quality enables the risk management concept an important organization development strategy since it enables anticipation and understanding. Accountability to the human society and every vital stakeholder in the projects under the organization ensures that the organization development is in tandem with the aspirations of the stakeholders and to whom accountability is expected. In a precise description, risk management enables the organization to handle all tasks in a responsible manner, cognizance of internal and external demands on the industry. The main principles as set out in Risk Management Standard AS/NZS ISO 31000 are briefly highlighted below. It is in order to state that risk management creates and protects value. Without risk management, the organization would encounter losses through various avenues including legal, security, and human health. When the organization applies risk management, it takes adequate measures to ensure that its objectives are achieved and losses minimized. Risk management is an important part of the organization’s activities and should be considered by all stakeholders in view of all processes. Without taking risk into account, decision makers would make choices without regard to important priorities. In view of risk management, mana gers and other decision makers cautiously undertake various activities and analyse various options before making choices. Uncertainty is one factor that risk management seeks to explicitly address. This is so considering that many threats and risks that a business encounters come unexpectedly and may bring massive losses to the organization. When risk management is done, the losses that may come with risks are minimized. The effectiveness of risk management depends on how it is done. When properly structured, and systematically and timely done, the results of the process are better compared to when otherwise done. Also, effective risk management involves the analysis of threats and risks based on available data and using the information available to predict possible outcomes of situations and their probabilities. However, in some cases, data is limited and decision makers have to stretch their minds in their risk management efforts. Risk management is not a standard procedure but de pends much on the internal and external environments of an organization. This means that the risk management activities of one organization may not effectively apply for another business. In addition, cultural and human factors must be taken into account if effective risk management has to be done. This is so considering that people working for the organization or those external to the organization can affect the business’

Corn as biofuel Research Paper Example | Topics and Well Written Essays - 1250 words

Corn as biofuel - Research Paper Example Courting this scenario an alternative source of energy is in its utmost need. At this background a series of alternative sources of energy such as solar energy, hydro electric energy, and atomic energy all made their entrance on the discussion table. However the most new form of alternative might be the bio fuel that nowadays has gathered much interest of the scientists. Among the bio fuels, Jatropha, Pongamia are some very common names, but the recent emergence of corn as a vital source of bio fuel and there by a source of energy might be nothing short of path breaking. However before moving into details regarding the corn fuel it would be wise to consider some associated points before hand. Crude Oil & USA United States of America is the largest consumer of crude oil and the third largest producer. In statistical terms USA produces around 10% of the global crude oil and consumes 24% of the same. Furthermore in order to keep its existence in export market the country indulges in exp orting 1.4 million barrels of crude oil per day. A careful consideration of this situation clearly indicates a demand supple gap that needs to be filled with import of crude oil. It has been estimated that USA in the year 2007 imported 12MMBD that is in terms of percentage 58% of the total domestic demand (Energy Information Center 2008). Dependency of USA in terms of crude oil on other countries and overseas Among the total import of crude oil the Western Hemisphere constitutes 51% of the total import. Canada, Venezuela, Saudi Arabia, Mexico and Nigeria are other oil exporting countries in USA in exact order. The following table depicts the dependence of USA in terms of crude oil import based on 2007 data. Name of the Country Percentage of Crude oil exported to USA Western Hemisphere (North, South, Central America along with parts of USA in Caribbean) 51% Canada 23.3% Venezuela 10.7% Saudi Arabia 10.4% Mexico 9.2% Nigeria 8.3% Source: Energy Information Association, 2008 Rickman, 2 009 Alarming news is that this dependency without being reduced over the time is actually increasing and statistics reveals that import of crude oil has actually increased by 0.183 MMBD in August 2008 over the previous month. It should also be kept in mind that countries like Iraq, Brazil, Angola and Kuwait are kept aside of the above table who contributes at substantial level to the USA oil import. (Energy Information Center, n.d.; Energy Information Center 2008) Why should we look at alternative fuels? As mentioned earlier that fossil fuel is limited in availability and it is constantly depleting, at this rate either coal or crude oil can not sustain as the prime form of global energy source beyond 2025 to 2035. Humanity is in search for some alternatives that can be used and re used time and again as a source of energy or at least can be produced at one’s free will. The trade partners of USA in Crude oil and their unfriendly behaviour USA shares a hostile relation apart fr om Saudi Arabia and partially with Kuwait among al the Middle East countries. Among them Iraq and Iran are USA’s arch enemies. Saudi’s oil reserve is depleting and it can not hold for long its position as an important oil exporting country. Kuwaiti oil wells were set in fire long back during the Iraq-Kuwait war and that had eroded the country of the prime position it used to enjoy as oil enriched country. Again historically Middle East is an area that has

Analysis and Arguement on Britney Spears Facebook Page Research Paper

Analysis and Arguement on Britney Spears Facebook Page - Research Paper Example Within this context, Britney Spears’ image as a globally marketed cultural icon and her facebook page represent the same thing, a carefully crafted product. To be specific, Britney Spears’ facebook page does not surpass her image as a popular culture icon. Instead, her facebook page is carefully crafted to communicate with her fans/audience. Thesis statement: The analysis and argument on the statement(s) made by Britney Spears about herself to her audience and her carefully constructed facebook page proves that both the statement(s) and facebook page reinforces her public image as a popular culture icon. Most of the public figures who communicate with the audience make use of the theory put forth by Aristotle in his work ‘On Rhetoric’. To be specific, the theory of rhetoric consists of the essential qualities that a public figure should have to gain social acceptance. For instance, ethos consists of the trustworthiness of an individual (say, the speaker), p athos consists of the ability of and individual to create emotional attachment with the listeners and logos consists of the ability of the speaker (say, logical arguments) to communicate with listeners. Within this context, Britney Spears’ statements about herself to the audience is interconnected with logos, she is ready to lose her individuality to satisfy her fans. To be specific, Britney Spears’ status as a cultural icon hinders her from behaving like a mature person because she needs to present herself as a myth. So, one can see that Britney Spears’ statements on trustworthiness or loyalty towards oneself is interconnected with ethos. Besides, Britney Spears’ statements and opinions on other female singers (Madonna and Janet Jackson) prove that she is able to create her own space within the context of popular music. Britney’s commitment to music, especially singing and stage presence helped her to create emotional attachment with her audience. This emotional attachment is an important element of rhetoric, i.e., pathos. One can easily identify that Britney Spears’ emotional attachment with her audience is one of the factors behind her success as a popular culture icon. From a different angle of view, Britney Spears’ public identity as a celebrity does not hinder her personal life. Christopher R. Smit stated that â€Å"In late 2001 Britney’s image/marketing changed bearing in mind that much of her audience had grown up in the meantime† (5). To be specific, her ability to communicate (say, with logical arguments) with the public helps her to divide her public and personal domains into two distinct areas. For instance, Britney Spears is an ordinary individual in her private life. Within this context, her logical arguments/opinions on defining herself, childhood dream to become a singer, harsh media reviews, sexuality, physical limitations, inspiration etc prove that the same is interconnected with logos. B. Argument: How does the construction of her page reveal the statements? Britney Spears’ facebook page reveals her statements because she made use of unique techniques to communicate with the subscribers. For instance, Britney Spears’ facebook page layout is simple and attractive to the subscribers. Within this context, family photos, especially with her family members and friends are important. Besides, her facebook page helps the subscribers to know more about her as an individual, not as a myth. One can see that Br

Report Assignment Example | Topics and Well Written Essays - 1000 words

Report - Assignment Example The advent of new technology will contribute to raise the productivity and will also reduce the production cost. The introduction of upgraded technology will enhance the power quality. The technological progress in the production process will also contribute in the distribution process of power. In this fashion less power will be lost in the distribution process and can be utilized by the people (Mkpandiok & Dimla, 1999). Price The price is the most important determinant that either drives the consumers towards the products or drives them away. If the price strategy is attractive the consumers will be driven to buy the products (Salzman, 2008). Again if the consumers believe the price is costlier than the substitutes available in the market, they will drive themselves towards the substitutes. Therefore thorough market research is necessary before labelling up the price. The company firstly needs to target the consumer base. If the target base is the upper income level people then the incomes of those consumers should be taken into account while adopting the appropriate price strategy. It is important to judge the demand throughout the year as well. It is recommended to use the flexible or the reasonable price strategy since this will allow the middle income group to fall with the consumer base. This strategy will have two objectives (Belohlavek, 2008). On one hand the company will be able to cement the consumer base while on the other the demand for the product will raise which will tend to bring in more revenue into the company. The middle income group generally have low disposable income and so a reasonable price strategy will be mouth watering for them. Place The first thing which the company will like to do is to target the areas where it expects to attain maximum demand. An effective market research technique is indispensible in this case. The population, income levels, the demand potential are some of the parameters that are taken into account while analy sing the target market (Shaad, & Wilson, 2009). Once the potential areas have been identified the company needs to tap them either with the help of some attractive strategies or with various methods of advertisements. Once the potential market gets tapped the company needs to recruit the suppliers to maintain the distribution chain. These suppliers will provide electricity to the entire geographic location. Promotion It is necessary to increase the brand awareness in the modern world. The consumers are inclined towards brand and therefore companies tend to focus a lot today on generating brand value (Viardot, 2008). The brand value can be gained through various modes of advertising namely print media or digital media. The advertisements cement the name of the brands on the minds of the consumers. Similar advertisement initiatives include sponsorship of sporting events or television programs. The point is to stay in touch with the consumers all the time in whatever way it can be. Few Statistics The demand of energy has significantly increased over the last few decades. Significant energy production and appropriate distribution can drive the nation towards development and growth. Nigeria Follows federal constitution. The purpose of the study is to develop marketing mix strategy for the energy providing company in Nigeria. The organization is trying to provide electricity in the Nigerian Market. The Nigerian electricity industry is very much potential. The industry is suffering from

Discussion Paper Essay Example | Topics and Well Written Essays - 3750 words

Discussion Paper - Essay Example Education in the new globe in which the people around the world utilize technology on a daily basis to facilitate their everyday life and in the workplace as common tool to perform task must be focus of educators around the world. In Australia efforts are underway to improve the educational technology and more must to be to achieve further advancement in this area. The world economy has transformed into a knowledge economy in all developed countries which includes Australia, thus the speed, efficiency and increase productivity that educational technological alternatives must be the focus of the Australian nation. Education has been an industry and social service that has been a part of societies for centuries. The educational field is a traditional profession in which resistance to change is a common occurrence. Educators for decades have established methods, pedagogy, and environments that have become became the standards to follow the majority of the educational providers. It is difficult to convince the primary providers of education such governmental institutions, educational institutions and the residents of a nation that integration of costly educational technology applications and physical items are a mandatory necessity to transform the educational system of a region (McNamara, 1989). The Australian commonwealth has been taking strides in the right direction towards making educational technology and research and development a priority. At the start of the 21st century the Australian government invested $736,589 on educational technology research and development in fiscal year 2000 (B odnar, 2007). The financial aspect of the educational technology is just one aspect of the issue. The greater change that has to occur is a change in philosophy, planning and strategic focus of the elements of society which includes the government, the residents and the private

BIO100A Home Lab 2 Report Example | Topics and Well Written Essays - 2000 words

BIO100A Home 2 - Lab Report Example The pine cone protects the seeds from the water logging by covering them with the woody scales. The seed cone was kept in a cup of water and the change in the cone appearance was observed. d) Record: time out of water: 5 minutes. The seed cone appearance: more swollen and the woody scales of the cone are soft and comes out easily when touched up. The color of the seed cone has changed. Since the scales are soft, the seeds are now getting exposed. There are small pores visible to the naked eye in the cross section of the celery stalk. They are juicy and filled with water. This concludes that there are xylem tubes present in the stalk to carry plentiful water within it. Seed dispersal is very important for the plants for many reasons. The most important thing is that they enable the seeds to grow in a habitat that is away from the parent plant and they increase the survival rate of the seeds. The seeds are dispersed to different environmental conditions and the plant variety is dispersed to different regions. The survival rate of the seed increase as they receive food with less competition. The seeds also get the chance to land on the soil for better growth. (Lawson, 2001). Gymnosperms use wind, water and rain, animals to disperse the seeds. Some gymnosperms such as red wood require fire to release the seeds. Fire is used by a means by the redwood to ensure nutrient for the seedlings and less competition from the environment for the growth of the seed. The gymnosperms have wings for the dispersal of the seeds. The nuts in the pine are spread by the nut-eating animals too. Angiosperms are more diverse in their types and population. The seeds of angiosperms are very light and have fluffy wind spread seeds or winger seeds. Some angiosperms use sea route, flooding forests, large animals and wind. Redwoods release the seed only after a fire. The female cones are tightly packed and preserved as such for

OI wk 5 Essay Example | Topics and Well Written Essays - 500 words

OI wk 5 - Essay Example The company also targets schools and universities as a market for their products. Despite being a leader in soft drinks industry, the PepsiCo Company has been faced by stiff competition from other firms such as the Coca Cola Company. This has made it necessary for PepsiCo to adopt innovative strategies to ensure that their products continue to reach the desired market. This stems from the realization that it is important for the company to come up with innovative ways to reach the target market in a highly competitive market. The success of PepsiCo can be attributed to their ability to target new markets. PepsiCo has been known for its niche marketing. Market niche innovation refers to the ability of the company to open up new markets using the existing technology (Von Stamm, 2003). In earlier years the company targeted the black community as a market for their products. The company also targeted different communities and came up with strategies to reach this target markets. As a result of their innovative marketing, PepsiCo was able to raise sales in the targeted communities. At present the company continues to come up with more innovative ways to reach the desired market. These include a redesigning of the Pepsi cans to have a design that included more than 30 different backgrounds for each can. This is an example of the innovation that is carried out by PepsiCo to help in achieving growth and success. The PepsiCo Company is driven by the market share in reaching it niche market. This has made it easier for the Company to identify the proper channels of distributions for their products. To enable the Company to attain a larger market share, the company has developed distribution channels that allow it to reach its entire target market. The company has also expanded the distribution channels through globalization. In addition, the PepsiCo Company has reached to a wider market through the use of proper and targeted promotions. The company has also been able to