...When we look at the terms of risk reduction and hazard control we get the terms of eliminating and reducing the issues. Where control of hazards seek to maintain instead of removing the process. The term that risk reduction is applied to is a complete understanding of the intent of the criterion to ty risk- reducing the probability of the events occurring. In the terms of the second and third definitions of risk because they include both the probability of the event and the severity of the harmful consequences. Risk reduction is a term that capture the fundamental concept that harmful events consist of the three phases. Jensen, R. C. (2012). Risk-Reduction Methods: For Occupational Safety and Health (1st e A physical model is one that thing would be (like if you were creating a model of say a building, park, airplane or other large structure or area), sometimes it's actual size if it is small enough. You build or have built that you can touch. Sometimes it is a miniature version of what the real. What I mean by physical models is those that are meant to represent the physical world, as opposed to – for example – biomechanical, or computers models. Jensen, R. C. (2012). Risk-Reduction Methods: For Occupational Safety and Health (1st ed.). Whenever you are planning or one have to deal with risk and hazards we should looking in to the process from the beginning to the end. Where do we want to be at this point in the project as...
Words: 877 - Pages: 4
...Risk Factor Analysis— A New Qualitative Risk Management Tool John P. Kindinger, Probabilistic Risk and Hazards Analysis Group, Los Alamos National Laboratory John L. Darby, Probabilistic Risk and Hazards Analysis Group, Los Alamos National Laboratory Introduction Project risk analysis, like all risk analyses, must be implemented using a graded approach; that is, the scope and approach of the analysis must be crafted to fit the needs of the project based on the project size, the data availability, and other requirements of the project team. Los Alamos National Laboratory (LANL) has developed a systematic qualitative project risk analysis technique called the Risk Factor Analysis (RFA) method as a useful tool for early, preconceptual risk analyses, an intermediate-level approach for medium-size projects, or as a prerequisite to a more detailed quantitative project risk analysis. This paper introduces the conceptual underpinnings of the RFA technique, describes the steps involved in performing the analysis, and presents some examples of RFA applications and results. project activity flow chart to help organize the RFA. The flow chart defines the tasks to be modeled and their interrelationships for the project schedule analysis. WBS and schedule tasks may be consolidated and/or expanded to explicitly highlight those tasks and influences that are expected to have a significant technical risk and/or significant uncertainty in schedule or cost performance. The flow chart is developed...
Words: 2257 - Pages: 10
...struggling to understand what the threats to their information assets are and how to obtain the necessary means to combat them which continues to pose a challenge. The ISF’s Information Risk Analysis Methodology (IRAM) enables organizations to access business information risk and select the right set of security controls to mitigate that risk. IRAM2 Founded in 1989, the Information Security Forum (ISF) is an independent, not-for-profit association of leading organizations from around the world. It is dedicated to investigating, clarifying and resolving key issues in cyber, information security and risk management by developing best practice methodologies, processes and solutions that meet the business needs of its Members. ISF aims its products at large public and private sector organizations, and produces an annually updated Standard of Good Practice for Information Security. This approach has three phases: a business impact assessment which determines the security requirements of the business, a threat and vulnerability assessment, and control selection. IRAM2 is a simple, practical yet rigorous business essential that helps ISF Members identify, analyze and treat information risk throughout the organization. The standard and its related tools, which must be purchased from ISF, make for a thorough risk management package. The price of the materials includes user guides and attendance at some ISF events....
Words: 2215 - Pages: 9
...Temple-Inland’s Analysis of Remote and Industry Environments In order to support strategic planning and gain a thorough understanding of Temple-Inland’s remote, industry and operating environments, various analytical frameworks can be applied as the second step of the competitive research and analysis processes. The goal of this research is to gain information about the packaging industry and it’s external factors such as main competitors and external stakeholders. First as an introduction, Temple-Inland’s industry is defined and explained in regards to it’s remote environment, the paper packaging industry. The industry will be explained in relation to time frame and geographic scope of Temple-Inland’s operations. Next, external issues are identified that affect the paper packing industry and Temple-Inland itself. In order to identify these external issues, a STEEP analysis has been used to illustrate the most relevant remote factors. 12 factors will be examined and each fall under the category of socio-cultural factors, technology, economy, ecology and political regulatory forces. Each one of these factors is assessed and then appropriately placed into an Issues Priority Matrix based on its impact on the company and significance of the factor in the industry. Subsequently, Porter’s five forces will be used as another analytical tool that identifies the structural characteristics that determine Temple-Inland’s competitiveness and profitability in the packaging...
Words: 7268 - Pages: 30
...1 McDelivery at Temple University Market Research Project Done by: Sally Abbas Danielle Racioppi Ava Nolfi 2 Idriss M Bakayoko Table of Contents 1. Background and Objectives 2. Hypothesis 3. Data Collection approach and sampling 4. Data analysis and statistical tests 5. Key Findings 6. Conclusions and limitations 7. Appendix 1. Background and Objectives Research Topic: Implementing McDelivery services in McDonald's nearest Temple University Background: By conducting a situational analysis, McDonald’s located and identified a new market opportunity. The idea is to offer a new service of delivery, called McDelivery, to the students of 3 Temple University in Philadelphia to cater with their frantic and fast-paced lifestyles. The McDonald’s McDelivery service has been implemented in upwards of 25 cities across the world, including New York City. With the history of success that the McDelivery service has had, the owners decided to enter the Philadelphia market by focusing on students. Since this is a new project and the company has never proposed a similar service in Philadelphia, they cannot only base their decision on past experience, managerial judgment or internal record systems. Therefore, this opportunity situation requires more information before an appropriate plan and action can be developed. Thus, initiating a research process and using its practices and techniques to make the decision is the best option. The results...
Words: 2024 - Pages: 9
...Case Analysis: Cocoa Sublime Module 1: An Introduction to Strategy and Leadership 1.1 Approaches to Strategy: There are broad two categories of approaches to developing strategy: Rational and Processual Approach. For Cocoa Sublime, it is following Rational Approach as it has a clear concept of what it is going to do, execution plan of how it is going to happen, sequential activities of what to do after what, and discrete information. Though some assumptions are made in developing the approach, these assumptions are also backed by experience and research. 1.2 Strategic Thinking: Even in strategic thinking, there are two major dynamics: environment led ‘fit’ and resource led ‘stretch’. For Cocoa Sublime, Resource led ‘stretch’ suits properly. Calvin has a business vision to diversify the business. It has ample opportunities to cover through chocolate chips that they can leverage. It has scope to create a new market to improve its value for money. Calvin believes in utilizing the competencies that Cocoa Sublime has: reputation of high quality chocolate, excellent customer service, and Australian sourced ingredients. 1.3 Levels of Strategy: Cocoa Sublime is one of the family owned chocolate makers and leading brand in specialty chocolate market in Australia. Thus, it has to consider strategies at three levels: corporate, business, and functional. • For corporate level strategy, Cocoa Sublime has encountered steady growth in its market and thus it has planned to diversify its...
Words: 3441 - Pages: 14
...Contents Introduction 1 Case scenarios Exercises 2 3 Solutions Case Scenario 1 Case Scenario 2 Case Scenario 3 12 13 15 17 Webinar 4: Case Analysis – Chasseur Chickens Pty Ltd Case Scenarios Introduction The following exercises create different scenarios around the Chasseur Chickens Pty Ltd case study (Case Study 1). It allows you to practise applying the concepts and models covered in the Global Strategy and Leadership segment. Notes: The Chasseur Chickens Pty Ltd case study (Case Study 1) is available on My Online Learning. The case facts in this case study incorporate characters and events that are completely fictitious. Any resemblance to real persons and events is purely coincidental. CPA Australia – GLOBAL STRATEGY AND LEADERSHIP Page 1 Case scenarios Webinar 4: Case Analysis – Chasseur Chickens Pty Ltd Case Scenarios Exercises Case Scenario 1 Bob Brown and John Smith have just been informed that one of Chasseur Chickens’ competitors, Bigbird, has been forced to cull all chickens in its South Australian farm due to a new outbreak of avian virus. The Health Department has already requested a product recall and newspapers around the country will report this new incident to the public. Bigbird’s profitability will be severely impacted and panic reaction from the public is expected. In the boardroom, Bob Brown and John Smith are discussing the potential impact of such an incident on Chasseur Chickens’ future growth. The sales...
Words: 4668 - Pages: 19
...Report ChampSport is a company which focus on the sporting goods, particularly in the various racket sport arenas. A new idea of replacing metal baseball bats by the use of the alloy was under considering. After I calculated the beta, NPV, and NPV sensitive analysis, I high recommend that we should accept this project. For the Beta calculation, I collect the industry data and average them to get the average asset data, which I think is more reasonable to explain the level of the risk for the ChampSport INC. Then I conduct the equity beta for ChampSport is 1.01. Finally, I got the 7.43% as the result of the WACC. (See Comparable Firm sheet) After that, I do the NPV analysis. When calculating the Operating Cash Flow, I decide to omit the expense of the research and development cost since it is the sunk cost and will not affect the future project and profit. I also assume that the annual increase rate for price of the product is 2% and annual growth rate of sales is 10%. By doing that, I generate the operating cash flow and finally get the NPV $11,227,508 and IRR 18.54%. Based on our assumption, the NPV shows that really bright future and profit ability for this project. Finally, I also did the NPV sensitive analysis to see how much the effect of WACC, annual growth rate of price and sales to the NPV. We can see that with the growth of the WACC to 12%, the NPV decreases to $5,355,268 and still keeps high positive. For the table of the NPV sensitive, we could find that annual...
Words: 376 - Pages: 2
...still include dairy products. The third group is pescetarians. This group avoids red meat and poultry, but eats fish. The last group is vegans and they have the strictest diet as they avoid eating all animal products including red meat, fish, poultry, eggs, and dairy products. There are several reasons why people become vegetarian. Amita Handa expresses that people become vegetarians because “social reasons, political and religious beliefs, and financial problems.” Another notable reason people switch from nonvegetarian is because of their frustration with the cruel and unusual treatment of animals. Vegetarianism is mostly linked with positive effects on physical health as evidenced by lower body mass index, lower blood pressure, and reduced risk of cardiovascular disease. A vegetarian diet contributes to a person having a lower Body Mass Index (BMI). BMI is a weight-to-height ratio. About 68.8% of American adults are considered obese. Joan Sabate and Michelle Wein state that “epidemiologic studies have consistently shown that vegetarians are thinner than comparable nonvegetarians.” They go on to say, “Vegetarians in the...
Words: 2272 - Pages: 10
...IMPACT OF ACADEMIC STRESS AMONG THE MANAGEMENT STUDENTS OF AMET UNIVERSITY – AN ANALYSIS Dr.D.Rajasekar ABSTRACT The study examined the “Impact of academic stress among the management students. Stress management encompasses techniques to equip a person with effective coping mechanisms for dealing with physiological stress. Students have different expectations, goals, and values that they want to fulfill, which is only possible if the students are integrated with that of the institution. The objective of the study is use to find out the present level of stress, source of stress and stress management techniques that would be useful for management students. The study takes into account various criteria like physical, psychological, individual, demographical and environmental factors of stress among the management students. The sample comprises of 100 students of AMET Business School, AMET University. Data was collected through structured academic stress questionnaire by using convenient sampling method. Keywords: Stress, Academic Stress, Student stress; Stress among management students. INTRODUCTION The education sector in India is evolving, led by the emergence of new niche sectors like vocational training, finishing schools, child-skill enhancement and e-learning. The Indian education system, considered as one of the largest in the world, is divided into two major segments of core and non-core businesses. While, schools and higher education for the core group, the...
Words: 5693 - Pages: 23
...Introduction In the case of Accounting for Enron, the scandal of Enron was revealed in October 2001 and eventually led to the largest bankruptcy in American History at the time. Enron, an American energy company based in Houston, Texas, and the dissolution of Arthur Anderson, which was one of the five largest audit and accountancy partnerships in the world. Enron collapsed in large part because of unethical practices of its top officials; they abused their power and manipulated information, and put their own interests above those of their employees and the public. Examining the ethical and social responsibilities of Enron and lessons learned from the collapse will be reviewed. Analysis To better understand the company’s collapse, is to start by understanding the roles of Enron and Arthur Andersen and their top leaders. Enron was founded in 1985, and was one of the world’s leading electricity, natural gas, communication and pulp and paper companies before it bankrupted in late 2001 (Arnold, Beauchamp, Bowie, 2013). Independent stock analysts and journalists publicly raised questions about the value of Enron’s stock. Enron’s stock was trading at more than $80 a share, and Enron’s CEO, Jeffery Skilling was claiming that is should be valued at more than $100 a share. In October 2001, the Arthur Andersen auditing firm reversed their previous decisions and restated Enron’s financial situations. Arthur Andersen was once one of the “Big Five” accounting firms and was driven...
Words: 1683 - Pages: 7
...Community Analysis Purple Group January 21, 2013 Community Analysis: COMMUNITY ASSESSMENT AND ANALYSIS New Hyde Park Community. New Hyde Park is a merged region of North Hempstead, situated in Nassau County, Long Island, New York. It has a land area of eighty-six square miles and zero square miles of water. It was a unique and historic settlement, of the ancient times. The first settlers were Dutch and English, followed by Irish polish and Germans. In 1990, Jewish families began settling in. Although the settlement began in 1624, George Clark a former Secretory of the Province gave the name Hyde Park after his wife, Ann Hyde. (New Hyde Park, New York, 2012).The village formerly a farmland experienced rapid growth and development in 1930and was turned into and a village with several home. The Geopolitical communities are designed by natural or human made boundaries (Maurer and Smith, 2009). It holds community safer for the residents and the governing body. The New Hyde Park community is bordered by human made boundaries. The eastern and western borders are Herrick’s Road and the Eleventh Avenue respectively. Stewart Manor Road in Garden City borders the south. Northern Boulevard in Manhasset Hills borders the north. Presently Jericho Turnpike divides it into two sections north and south with 86 square miles of land and zero squares of water. Geopolitical communities within this a few luxury gated communities. Political communities and low enforcement jurisdictions...
Words: 2630 - Pages: 11
...20 Abenomics 21 STRATEGIES KONGO GUMI USED TO SURVIVE TURBULENCE 23 Kongo Gumi in the 20th Century 23 Meiji restoration 23 The Mid War Period 24 World war 11 24 KONGO GUMI WOULD HAVE SURVIVED IF: 25 WOULD KONGO GUMI HAVE SURVIVED IF IT MADE IT THROUGH TO THE ABENOMICS ERA? 26 LESSONS FROM KONGO GUMI 27 CONCLUSION 28 REFERENCES 31 Appendix 1 – Infographic of Japan’s timeline EXECUTIVE SUMMARY Kongo Gumi was a success as it operated in a stable industry. The belief system has survived for thousands of years and has many millions of adherents. With this firm foundation, Kongo had survived some tumultuous times. The temple construction had until recently been a reliable mainstay, contributing 80% of Kongo Gumi's $67.6 million in 2004 revenues. The story of Kongo Gumi suggests that firms should blend elements of conservatism and flexibility. This means that firms should stay in the same business for more than a millennium and vary from the principle of succession as needed to preserve the company. Experts felt that Kongo Gumi's demise too held many valuable lessons for family-owned businesses. Family-owned businesses could learn a lot from the business practices followed by Kongo Gumi. Lessons from Kongo Gumi's long tenure and ultimate failure suggest that firms need to pick a stable industry and create flexible...
Words: 6387 - Pages: 26
...Korean Protestantism: Centering on the Wonmyeong Temple and Bongeun Temple Incidents Introduction: Violent Attacks on Buddhism by Protestants In the past, there have been numerous incidents where extremist Korean Protestants have damaged statues of the Buddha or Buddhist temples. Such incidents pose serious risks to society as these examples of destruction do not only disregard a certain religion, but are also highly violent in nature. Many high-profile cases have been reported: Arson of the Daejeokgwangjeon of Geumsansa Temple in 1986; the destruction of a stone pagoda and lantern of Okcheonam Temple in Hongeun-dong in 1989; the damaging of the Tangible Cultural Asset No. 17 stone-carved Buddha Statue in 1989; the enclosing of a shrine and burning of a Buddha statue by an army officer in Siheung, Gyeonggi-do in 1993; the arrest of a pastor and his fellows by local police officers for destroying a Buddha statue in Thailand in 1994; a Buddhist accidently killed while he was trying to prevent a Christian from intruding into a Buddhist monastery to distribute Christian missionary materials in 1996; the destruction, damage of 750 Buddha statues in Jeju by a Christian (named Kim) in his attempt to transform Wonmyeong Temple into a church in 1998; the damaging of the Buddha statue at Dongguk University in 2000; and the frenzy over a video clip about missionary students doing a performance involving stepping on the Bongeun Temple site in 2010. These are only a portion of the total...
Words: 7933 - Pages: 32
...socioeconomic, financial, legal, physical, political, sociocultural, labour, risk) 15-16 Benefits of globalisation (cost, timing, learning, arbitrage), value of localisation 17-20 Approaches to strategy (rational vs.processual) and assumptions 21-22 Evolutionary, systemic and fuzzy approaches, implications 22-25 Strategy process, mission & vision, external & internal env. 25-27 Strategic thinking, strategic planning (3 Q’s and 3 issues), criticism, value of both 27-30 Strategic stretch and fit, strategy equation (Bendigo bank) 30-32 Levels of strategy (corporate, business, functional) 32-34 Strategic leadership, approaches to leadership (traits, behavioural, situational, transformational & transactional) 34-36 Importance of leadership (Q. 1.7) 36-39 Leadership and Ethics (questions, classical and socioeconomic views of ethics) 39-40 CSR, strategy, leadership and ethics MODULE 2: The external environment 4-5 Definition, reasons of difficulty in analysis, analysing an industry 6-13 Sources of data for analysis, 1. Defining the industry, industry value chain (pharmaceutical) 13-16 Music industry, 2. Industry segmentation, information needed 17-18 3. Industry life cycle (start-up, growth, maturity, shake-out, decline/renewal) 19 4. Remote and industry env. Analysis 20-39 Remote env. Analysis, factors influencing growth (TEMPLES), eg. Australian pulp & paper 40 Industry env. Analysis,...
Words: 1366 - Pages: 6
