Risk Management Analysis Essay -- Business Management

This assignment will discuss the theoretical basis of financial risk, because managers need to be aware that financial risk its present in all sectors of activity so that they can run business efficiently and take advantageous investment choices, considering the different types of financial risk relevant to the current economic climate, as well as evaluating the methods available to business for managing, and by observing a case study where risk management has possibly failed. Risk is the doubt about future gains or losses, thus such doubts reveal that some future expectation and their impact cannot be predicted Chorafas (2008). Markowitz cited in Brigham, Gapenski and Ehrhardt (1999), argues that the portfolio theory can get high expected returns on investment with low levels of risk. therefore, risk can be spread and consequently eradicated so does not concern investors, thus the only worrying risk for managers , is the market risk which cannot be eliminated. However, Arnold (2002), suggest that this fails to assert that portfolio risk does not need to be considered, thus resulting with a problem with the theory, because it uses historic data returns to support decision making about potential investments, and as risk is about uncertainty is difficult to calculate future events, therefore this theory may have gaps. Alternatively Brigham et al. (1999), argues that the CAPM model establishes a causal relation between risk and return on assets, where investors have the same expectations about the expected return and there are no transaction costs and taxes. However, Pike and Neale (1999) suggest that some concerns may occur related to the validity of this model because there are transaction costs and taxes which are sources o... ... Hillson, D., & Murray-Webster, R. (2007).  ´Ã‚ ´Understanding and Managing Risk Attitude ´Ã‚ ´. ( 2nd ed.). England: Gower Publishing Limited. Hamada, R. S., Bain, G., & Gerrity, T. P. (1998).  ´Ã‚ ´ Mastering Finance: single-source guide to becoming a master of Finance ´Ã‚ ´. England: Pearson education: Financial Times/Prentice Hall. Neale, B., & McElroy, T. (2004).  ´Ã‚ ´Business Finance: A Value-Based Approach ´Ã‚ ´. England: Pearson Education; Financial Times/Prentice Hall. Pike, R., & Neale, B.(1999). Corporate finance and investment : decisions and strategies. London ; New York : Prentice Hall. Voon-Choony, Yap., Hway-Boon, Ong., Kok-Thim, Chan., & Yueh-Sin, Ang. (2010). European Journal of Economy Finance and Administration Science.  ´Ã‚ ´Factors Affecting Bank ´s Risk Expoujiusure: Evidence from Malaysia ´Ã‚ ´. Issue 19, retrieved from: http://www.eurojournals.com/ejefas_19_09.pdf

Iron Jawed Angels Essay -- essays research papers Iron Jawed Essays

Iron Jawed Angels Iron Jawed Angels is a film which portrays the women's suffrage movement during the 1920's. The film is a documentary and a drama which uses live action and music to deliver the sympathetic and distressful mood the film creates. An example of the distressful mood is when the suffragists refuse to eat when they go to prison. This shows how passionate and distressed the suffragists are to get the 19th amendment passed, which would give women the right to vote. The films message, which is the hardships and adversity women had to withstand to get the 19th amendment passed, is effectively portrayed because the struggle the suffragists faced is accurately and beautifully depicted. As a tool of communication, the strengths of the film Iron Jawed Angels are its accurate portrayal of the 1920s women's suffrage movement and excellent depiction of the main suffragists, Alice Paul and Lucy Burns. There are no real weaknesses in the communication of the 1920s women's suffrage movement in the fil m Iron Jawed Angels except for the music used, which is too modern to possibly be from the 1920s era.   Ã‚  Ã‚  Ã‚  Ã‚  Since the film Iron Jawed Angels shows the grief and struggle women suffragists endured, I believe the film maker wanted the audience to respond with sympathy and a greater understanding of the 1920s women?s suffragist movement. The film Iron Jawed Angels appeals to the emotions of the viewer because throughout the movie dark lighting and music create an atmosphere w...

Mark Twain :: essays research papers

Mark Twain   Ã‚  Ã‚  Ã‚  Ã‚  Though popularity associated with the American frontier and life on the Mississippi, Samuel Longhorne Clemens --Mark Twain—actually spent many of his happiest and most productive years in and near New York City. Mark Twain was, without question, the finest sastirist of his time. Through his writing, one can see as deeper morality than most of his time held. Twain wrote the Adventures of Huckleberry Finn in 1885. His novel of Huckleberry Finn was no exception; he used his gift of satire to show the flaws of the people around him. He contrasted the illusion of freedom to realitity, ignorance with enlightenment, and what is percieved as good to what is truly good. Since its publication it has always seem to be in trouble. It is known as one of the greatest books ever written and also one of the most racists books ever written. Many people felt that it was similar to a history lesson of a hands on account of what life was like in Mississippi. On the other hand p eople felt it is derogatory toward African-Americans. It is still frequently in the news, as various schools and school systems across the country either ban it from or restore it to their classrooms.   Ã‚  Ã‚  Ã‚  Ã‚  The social classes that Twain portrays in this novel are extremely slanted, and they are not just about racism. It’s more like a rich-poor issue, which is illustrated by Huck and Jim (poor) versus the upper-class townspeople (rich). The upper-class people are racist and keep slaves. Huck, being part of the lower class, is not racist and makes friends with the slaves. Basically, Twain’s opinion is that they are wrong and separationalist. He continually portrays the upper-class people as immoral, unintelligent, and bigoted. On the other hand, the lower-class people, such as Huck and Jim, are portrayed as clever, moral, and self satisfied. Of course, Huck and Jim end up as heroes, successful in their quest for freedom.   Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  The illusion of freedom is a powerful one. It allows people, in this case,Huck, to rest in a false sensew of control over one’s own life.

“Before the sun” by Charles Mungoshi Essay

This is a simple poem written by the African poetCharles Mungoshi, in which a boy talks about his every day life activity. The boy like all others desperately wants to convince others or even himself that hes a grown up, and so seek to copy the activities that old people do. He wakes up every day before the rising of the sun. The boy explains the nature around him, and how his life is simple or even sometimes tiring (he wakes up very early to work hard, like grownups do). In the first stanza the poet gives us concept of time, which shows us that its dun, a beginning of a new day. Promising early heat and later in the afternoon heavy rain, this phrase shows how heat changes into rain. This explains how things change, nothing stays the same, it also explains how one thing leads to another. The early heat leads to evaporation of water, which condenses to form rain. The warm blue morning, will eventually change to heat and later to heavy rain. The poet uses the word promises before early heating, its like you cant avoid the heat, it will eventually come. The second stanza shows the concept of color, bright chips he says. He explains the strength of the sharp axe, which drives the chips to fly for some distance through the air. The poet draws our attention by writing a one word line arc. This line on my opinion is to assure the strength of the axe. We can tell that the child loves his every day activity by the way he nicely explains the nature around him. Like the chips that disintegrate when he cuts the wood, it settles down in showers on the dewy grass. The poet amazingly draws our attention to all the little details of the nature around him, which can help us easily imagine the niche hes living in. It is big log, but when you are fourteen big logs are what you want. Its strange for a fourteen years old child to want a big log. This can show us again the simple life the child is living. Fourteen year old wants big logs because, its a challenge to them, it shows how strong they are, its like 14 versus big logs. In the forth stanza, the poet shows the benefits of the wood and how it cures from sneezing unlike sawdust. The wood gives out a sweet nose-cleansing odour explains the poet. Again, the poet draws our attention on the fifth stanza to the details of the thin spiral of smoke which he metaphors its raising to the sky with a flute straightened out to the sky, and a single of some sort, or a sacrificial prayer. In both this two stanzas, the poet explains and metaphors the beauty of the wood that he cut down. This happens to a lot of us, people specially children look at whatever thing they accomplished and felt that they worked hard on it, as a beautiful thing, no matter how terrible it is. The poet metaphors the sound he hears when the wood is burned, with the hiss of the snake, and the scatter of the sparks with flying. The poet similes the rising or showing up of the sun, with some latecomer to a feast. This can identify to us the hunger that the boy felt. I have got two cobs of maize ready for it. Although the boy is trying to act like a grown up, cutting down woods, he cant resist his childhood side and not play with his imagination. I tell the sun to come share with me the rousted maize. The boy is visualizing the sun as his friend, whom hes asking to come to come and shares his roasted maize with. The boy personifies the rising of the sun with the wink of a grown-up. After a hard day full of working, the boy eats his maize visualizing that hes sharing it with the sun one for the sun, one for me. The boy describes the empty cobs with little skeletons in the sun. We can notice that the poet is describing in each stanza a specific part of the nature around him, the rising of the sun, the smell of the wood, the scatter of the its chips, and its hissing voice. The boy impresses me with the way he looks at his simple life. For most of us, its a struggling life were we have to wake up early and work, but for the boy, its an exciting life with challenges and making up friends with the nature around him.

Organizational Process Recommendation Paper

RUNNING HEADING: Organizational Process Recommendation Organizational Process Recommendation Paper University of Phoenix MGT 449 Mrs. Rebecca McHatton December 7, 2009 Quality International Textile Group is a diverse, innovative provider of global textile solutions and distinguished fabric brands to automotive, apparel, interior furnishing and industrial markets worldwide. While excellence is the common thread that weaves throughout Quality International Textile, it is the uniquely combined threads of a global manufacturing platform, innovative products, state-of-the-art systems, and a dynamic team of forward-thinking professionals that create unparalleled opportunities and competitive advantages for our customer partners. Quality improvement involves identifying discrepancies within organizational processes that may not run as effectively as possible. Many organizations find that a process is adequate for a time, but could function more effectively with some tweaking. An organization that strives for quality helps create an atmosphere based on teamwork and ensures that the entire organization will contribute to meeting the company’s ultimate goals. An effective evaluation process helps manage employees, offer suggestions, and a chance to set their career goals. The evaluation of an employee should have a positive influence on each individual employee regardless of the outcome. A major determinant of service quality centers on the people providing the service. Employee selection, training, motivation, supervision, and reward-all process relating to employees have a significant impact on quality. Burrill, 1999) Currently, there is no particular standardization for the process. Each manager evaluation process differs from another. Below is a â€Å"as is† flow chart of the current evaluation process that need to be analyzed. The description of the process is extremely limited because currently there is no strategic plan in place within t he entire process. Form the period that the self- evaluation is initiated until the time the management evaluates the employee can range any where from 1 month until one year. There is also no set timeframe when management discuses the employee evaluation until the time a pay increase is initiated. All raised vary from one manager to another, and there is no particular percentage set for pay increases regardless of the evaluation outcome. Therefore, there is no relation of the process to the organization’s strategic plan. This process of improvement would benefit the employee; it would also benefit customers, and the company as a whole. Effective quality management for an evaluation process would lead to higher productivity because employees would know and understand that their yearly salary increase would depend on their performance therefore, timely and systematic resolution of evaluations/ appraisals is important. An effective performance appraisal process would help the quality culture within the organization because employees would feel that their performance is significant to the company and its goals. Customers within the organization that are affected are office and field employees, suppliers, and customer. Initially a customer does not know if the service provided is good or bad, but an inefficient process for serving the customer can create a dad impression. The Fabric industry experiences the same business malfunctions as other companies. Therefore, the fabric industry should adapt the methods and ideas as other companies but many still have not adopted the Total Quality Management process. Those are the companies that will most likely experience increasing competition, rising legal cost related to cost overruns and schedule delays, and decreasing profit margins. (Cotinas, 1999). Several steps can be taken to ensure that metrics motivate process behaviors that increase customer value. The first is to identify and prioritize the customers served by the process. (Burrill, 1999). Although the process of employee evaluations does not directly involve customer service, it does have an effect on customers receiving services from the company’s employees. To hire an HR manager to perform create and perform appraisals to better adhere to each employees qualifications would be a great way to implement a change. The cause-and-effect diagram is a method for analyzing a process. The diagram’s purpose is to relate causes and effects. The cause and effect diagram can become complex and make it difficult to identify the problem, but it would be well worth it. If other all employees are allowed to help identify problems relating to the situation and provide a chronological view, that would be just what the company needed for restructuring of the company’s quality culture. Improvement process can vary and there are many tools to help organizations implement change. Seeking ideas and opinions from employees is one of the best techniques to identify whether or not any changes are necessary. References Achieving Quality through continual improvement . From University of Phoenix eBook library web site: https://ecampus. phoenix. edu/content/ebooklibrary/content/eReader. hCortinas, D 1999

The negative implication of a male nursing stereotype in the profession

Nursing as profession involves the provision of care and support to the sickly, elderly, and the suffering. It is perhaps due to the nature of roles and duties nurses are assigned to in the health care settings that make the profession has become a victim of stereotypes. It is estimated that, over 5. 0% of the registered nurses working in the US are males. Stereotypes can be defined as the generalized perceptions and beliefs which people have about others as well towards objects or issues usually resulting into distortion or simplification of the fact. It can be manifested in the way people react to different situations, as well as towards situations and stimuli. Traditionally in the US, nursing had been a white female dominated profession and any males practicing as a nurse until very recently were considered as impostors and misguided (Bachman, & Panzarine, 1998). This situation worsens depending on the ethnic back ground of the few practicing nurses. Sources of stereotypes differ widely depending on the underlying circumstances but usually they are from the way society was cultured into viewing nursing as a females’ only profession. The stereotypes have a deep root in tradition whereby some roles in the society especially those related to offering care were demarcated for females while those perceived to be hard would be allocated for males (Doona, 1986). Other possible reasons include the kind of skills involved, usually jobs involving skills seen as soft skills in the society call for females and therefore the society naturally expects such tasks as care provision to be taken over by women while all tasks deemed as hard and involving lots skills are deemed as suitable for males (Pursey, & Luker, 1995). The stereotypes in male nursing have had great adverse effects on the profession as discussed following chapters. Denial of equal opportunity to promotion. Due to the stereotyping, males in some quarters have continued to suffer due to lack of recognition when it comes to promotions at work. Even when there are vacancies, males suffer and chances of females filing up those vacancies are usually higher than for men. That is usually is correlated with the existing stereotypes. Discrimination and harassment. Males in the nursing profession are more likely to be discriminated upon due to the fact that they are usually fewer than their female counterparts and therefore do not have the bargaining power. This is worsened by the fact that, the senior management may be entirely comprised of females something which makes it hard for the males to successfully agitate for equal treatment at work. In some cases, actually harassment as well as physical and verbal abuse has been reported. These affect the morale of the male nurses and it is a leading cause of males shunning the profession. Due to stereotypes, males continues to shun the profession thus denying the profession diversification of skills base as well as the opportunity for recruiting self motivated staff. Research has proved that, in fields where a balance in gender exists, there are more likely to be recorded higher incidences of job satisfaction. Nurse shortage. The acute nurse shortage being experienced in the US has to some degree been caused by the stereotypes which make the nursing a predominant female profession. As a result, over half of the population is shut out from the field. Effectively the profession is left with one option of sourcing from only about a half is of the population. This has greatly affected the ability of the profession to meet the public demand of nursing services leading to the government hiring from other countries. Low morale and motivation of practicing male nurses. The stereotypes have contributed low morale amongst male staff. This in turn has had negative effects on the overall job in that less motivated staff is less likely to deliver objectively in their jobs. On the other hand, low morale and lack of motivation amongst male nurses could have a bearing on the number of new males joining the profession since more males than females are likely to learn from the experience of their colleagues and shy away. On the other hand stereotypes make the male nurses to quit the profession for more accommodating professions. This in turn results to shortage of nurses. Conclusion A lot of efforts have so far been initiated to address the above problem but there is still a need for fresh approaches. Possible solutions to the problem of male nurses’ stereotypes should involve the initiation of public awareness programs aimed at educating the society on the needs for an integrated nursing profession in terms of gender balance. There is also a need of career counselors to work towards eliminating the stereotyping of nursing as a female only profession. In practice, there is a need for health care practitioners to shun the habit of overlooking the contribution of male nurses for how the latter are treated could affect how potential male nurses would view the profession. Finally there is a need for more females to take into male dominated fields as this would shun the stereotyping of some professions as females fields and others as males fields.

Christian-Only Hiring Policy Essay

Case Study: Matthew is planning to open a manufacturing facility. He is considering a â€Å"Christian-only† hiring policy whereby he would determine to hire only professing, evangelical Christians to work in the facility. He asks you for your advice on the following questions: 1. Would such a policy be legal? If so, under what terms and what might the restrictions be? 2. From a Great Commission perspective, would this policy be advisable? 3. How would your answers change, if at all, if they planned to open a Christian school rather than a manufacturing facility? Matthew is planning to open a manufacturing facility and is considering a â€Å"Christian-only† hiring policy. The only way that this policy would be legal is if the manufacturing facility was considered to be a non-profit organization. A non-profit organization is an organization that uses surplus revenues to achieve its goals rather than distributing them as profit or dividends. The extent to which a non-profit organization can generate surplus revenues may be constrained or use of surplus revenues may be restricted. If this manufacturing facility was deemed to be a non-profit organization, then the organization would be exempt from the Civil Rights Act and would be able to implement their â€Å"Christian-only† hiring policy without facing charges down the road of discrimination. Due to the fact that a manufacturing facility would be unable to be classified as a non-profit organization because their purpose is usually to distribute its products for profit, then my adv ice would be that this policy would not be advisable for Matthew to use a â€Å"Christian-only† hiring policy. Using this policy would cause people to be discriminated against due to religious preference, and this is clearly illegal in the United States. If Matthew was planning to open a Christian school rather than a manufacturing facility, my answer would still be that it is illegal to discriminate in a for-profit organization. There are times when a faith-based humanitarian organization has prevailed over the lawsuits brought against them for discrimination due to religious preference, however, I do not advise toying with the gray area of the laws. I would advise Matthew that if he intends to open his manufacturing facility, it is not legal and not advisable to implement his â€Å"Christian-only† hiring policy.