...1. Excusive Summary On March 11, 2011 the unpredicted earthquake and tsunami caused serious nuclear accident in Japan. However, it was triggered by unexpected natural disaster, the accident can be avoided if there exist a sound risk management cycle to identify the risks within this project and put a risk management plan in place. What’s more, the influence of the Fukushima Daiichi nuclear disaster would be reduced through proper crisis management procedures. There are three major key risk issues findings about the Fukushima Daiichi nuclear disaster. The first one is risk identification problems in risk management cycle. The second risk issue is failure in avoiding crisis. The last point discusses communication problems in containing crisis. The damages can be reduced and the Fukushima Daiichi nuclear disaster can be avoided if TEPCO management make further research in risk identification process, spend more effort in avoiding crisis rather than only focus on profit generating activities. When the crisis happened properly communicate with government and ensure information transparency help protect the public images of the firm, After in depth research about the case of Fukushima Daiichi nuclear disaster and compare with Three Mile Island nuclear power plant accidents. This report draws lessons from the cases and provides several recommendations for the Fukushima Daiichi and the Japanese government. , 2. Introduction and Aims There are numerous business risks and the...
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...Introduction a. A hypothetical business description. b. Introduction to the actual paper and the issues to be covered. II. Background c. Geographical location, including talking about recent events that have occurred and have affected the Japanese market. d. The current situation in Japan, after the natural disasters and how it has affected the business world. III. Japan v United States – Cultural Differences e. Comparative study of the Japanese culture vs the U.S. culture, and its impact on the business world. f. Importance of individuals to understand the cultures, customs and traditions of the region in order to function properly. IV. Strengths and Weaknesses g. Strengths of having a business in this region. h. Possible threats in this region i. Cyber-terror threats and the advancement in technology’s affect on security. V. Reducing the risk j. Ways to reduce the regional risk. k. Possibility of unionization, and labor protection VI. Conclusion VII. Bibliography Business Forecasting for Coastal Regions: Post-Tsunami I. Introduction In early March of 2011, thousands of individuals were killed by a 9.0 magnitude earthquake and subsequent tsunami in many coastal regions, but mainly Japan. Coastal regions are unique when it comes to business in the fact that not only do they have many dangers in the way of cyber-terrorism, corporate theft, and local tradition but they also have...
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...has lasted even today. The policy of democratization was instituted in Japan which led to the construction of the Japanese Constitution. Under article 9 of this constitution Japan would renounce war. "The Japanese people forever renounce war as a sovereign right of the nation and the threat or use of force as means of settling international disputes", and also, "land, sea, and air forces, as well as other war potential, will never be maintained." (Article 9) This policy and constitutional structure would make Japanese military mainly defensive in nature. This was to ensure that democracy would take hold and imperialism and military rule would not surface again in Japanese society (Dolan and Worden, 1992). Today this constitutional directive is an active feature in the Japanese society. The majority of Japanese people do not believe in the proliferation of military strength especially that of nuclear capability. Military Force Structure As a result of the new Japanese government policies towards war, the Japanese military would become a defensive structure relying on US protection. After World War II rising tensions with China, Korea, and Russia would push the Japanese to establish Self Defense Forces (SDF) (Dolan and Worden, 1992). The SDF would have limited capability and would have the purpose of defense only measures. While some argue that the Japanese...
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...Final Paper Focus of the Final Paper Read the case study at the end of Chapter 12 and the case study at the end of Chapter 13, and thoroughly answer all the following questions. Supplement your answers with scholarly research using the Ashford Online Library. Each case study should be addressed in at least 5 pages, resulting in a combined Final Paper of at least 10 pages. * Create a master production schedule for the breadmaker in the case that considers production levels, demand for the product, and the best business strategy for the situation presented. * Evaluate the advantages and disadvantages of Jack’s approach, considering how master scheduling can improve the process, and considering the organizational changes needed to increase the efficiency and effectiveness of the process. * Examine the impact of refusing a customer’s order because of lack of supply of the product vs. accepting the order and failing to deliver. * Describe the impact on average inventory levels and production if Realco produces 20,000 breadmakers every week, rather than 40,000 every other week. Chapter 13 Case Study: Supply-Chain Challenges in Post-Earthquake Japan * Explain the advantages and disadvantages of the supply chain used in the Japanese auto industry before the March 11 earthquake and tsunami. * Evaluate whether or not Toyota’s plan for a “foolproof” supply chain is consistent with the Lean production philosophy. * Provide a recommendation and plan that you believe...
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...International Business Research Project: Butterfly effect of Japan´s disaster on global production Professor: Dr. Corrine Young Prepared by: Team 6 Alonzo, Marie Francoise Arango, Luisa Fernanda Darbinyan, Mkrtich Parparcén, Luis Felipe Salas, Ana Karina Solano, Pablo May 28th, 2011 INDEX Content Butterfly Effect of Japan´s Disaster on Global Production. 1- Japan Background a. The relevance of Japan in global production and supply chain b. Economical impact of the Japanese Disaster 2- Impact on global production in important industries a. Automobile Industry i. Toyota b. Electronics Industry 3- Collateral impacts of the disaster a. Increase in electricity costs b. Explanation of why the yen is so strong. i. Supply Chain ii. Cheap Investment iii. GDP Impact iv. Export Economy v. Currency vi. Monetary Policy 4- Innovation in supply Chain and the Disaster in Japan a. The Top 10 Supply Chain Innovations from 1880-1990 (1) b. Supply Chain Innovation c. Supply Chain Innovation - Environment d. Long-Term Disarray after Japan Disaster Conclusions Bibliography Butterfly Effect of Japan´s Disaster on Global Production. 1- Japan Background a. The relevance of Japan in global production and supply chain Japan is an island nation located...
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...International Business Research Project: Butterfly effect of Japan´s disaster on global production Professor: XXXXXXX Prepared by: Team X May 28th, 2011 INDEX Content Butterfly Effect of Japan´s Disaster on Global Production. 1- Japan Background a. The relevance of Japan in global production and supply chain b. Economical impact of the Japanese Disaster 2- Impact on global production in important industries a. Automobile Industry i. Toyota b. Electronics Industry 3- Collateral impacts of the disaster a. Increase in electricity costs b. Explanation of why the yen is so strong. i. Supply Chain ii. Cheap Investment iii. GDP Impact iv. Export Economy v. Currency vi. Monetary Policy 4- Innovation in supply Chain and the Disaster in Japan a. The Top 10 Supply Chain Innovations from 1880-1990 (1) b. Supply Chain Innovation c. Supply Chain Innovation - Environment d. Long-Term Disarray after Japan Disaster Conclusions Bibliography Butterfly Effect of Japan´s Disaster on Global Production. 1- Japan Background a. The relevance of Japan in global production and supply chain Japan is an island nation located at the East of Asia, in the Pacific Ocean. Its currency of legal course is the YEN (¥). Japan has the tenth largest populations in the...
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...The Rise (and Fall) of the Japanese Yen Lawrence Cifarelli III, Nazanin Ershad, Natthima Sonsoem, Anyesha Mahaptra University of New Haven Abstract This Case study provides an insight to the fluctuations experienced in the currency of Japan, Yen from the late 1990’s to recent years. Japan follows the floating currency monetary policy due to which there is no measures taken on to control the fluctuations. Japan experienced magnificent growth through the 60's, 70's, and 80's leading into the 90's beginning. In the late 1990's, Japan’s economy marked its growth significantly slower, which had then come to be known as the 'lost decade' due to Japanese Asset Price bubble that collapsed. Eventually the nation faced major issues regarding environmental disasters, hollowing out of industries, etc. The past events which have caused the rise and downfall of Japanese Yen has been illustrated for examining the causes of the appreciation and depreciation of this currency. The influence of this floating currency on Japan's economy has been depicted in this case study. This paper also provides some applications of the measures that can maintain the stability of the Japanese Yen. Japan experienced tremendous growth throughout the 1960s, 1970s, and 1980s leading into the leading into the early 1990s. After World War II, Japan underwent a period of restoration followed by the events in 1978 where Japan excelled as a manufacturer partnering with the United States which helped to make its...
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...Management Issues 1.0 Executive Summary On 11th March 2011, Japan witnessed the second largest earthquake with a magnitude of 9.0 with its epicentre at Tohoku. The earthquake gave rise to a Tsunami which hit the Fukushima nuclear reactor run by The Tokyo Electric Power Company (TEPCO). The disaster escalated by triggering a series of power and equipment failures, explosions, nuclear meltdowns and release of radioactive material. The disaster was regarded as a manmade disaster which could have been avoided with appropriate human response as stated by the chairman of NAIIC, Professor Kiyoshi Kurokawa (Bloomberg, 2012). TEPCO lacked a sense of responsibility to ensure safety and protection to the people effected by the disaster. The nuclear incident was caused by poor earthquake safety planning and faulty post-tsunami communication. The collusion between TEPCO and the regulators resulted in there being no separation of atomic regulation and promotion which led to nuclear power become unstoppable force immune to scrutiny. TEPCO, government and the regulators failed to develop the most basic safety requirements like assessing the probability of damage, preparing for containment of collateral damage, and developing evacuation plans. The lack of training and knowledge among TEPCO’s employees greatly reduced the efficacy of response at a critical time after the earthquake and the Tsunami. As the crisis intensified, TEPCO, the government and the regulators failed to reduce...
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...which may arise. The trends and are not only influencing the company side though. Customer expectations and PLCs continue to develop and change in reference to external factors. A constant stream of products (high quality, low cost and environmentally friendly) is expected by the modern times buyers. The internet, social media platforms and the „shrinkage of the distances“ between people, lets the public quickly learn about any weak spots of company; sometimes even before the information reaches the employers. Not only internal trends have contributed to the fragility of the supply chains. External challenges during the last decade such as the fuel crisis, mouth disease, SARS and natural disasters (floods, hurricanes ex. Sandy, earthquakes) have exposed supply chain vulnerability. In 2012, there were 905 natural disasters (93% of which were weather related catastrophes). Overall costs amounted to US$170 billion and insured losses to US$70 billion (worldwatch.org). Black swans – events known for low probability and high impact are something regular in...
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...My name is Dermot Vibert. I work with Rio Tinto Japan. On March 11, 2011 I was in our office when we were hit by an extremely strong earthquake. Among the many issues we faced immediately after the earthquake was what would we do on the Monday morning when we had to supposedly return to the office and recommence business. What caused this issue to arise and why is it important? B) Causes Identify the importance of the Causes to the organisation concerned. What Caused these Issues to arise? The reasons underlying the Issues will be explicit in the Causes identified. The earthquake in the afternoon of March 11 was, although it struck 520 kilometers from Tokyo, it was an extremely strong one for us in Tokyo. The buildings shook severely two or three times, and then many, many times thereafter because of the aftershocks. On at least two occasions we had to go under our desks with our helmets on and literally hold on to the legs of the tables. It was that strong. The earthquake knocked out a lot of the power system, and as a result the trains were not able to function normally, and because there was not enough power as well, things like traffic lights, lights in buildings, etc., all these things were affected. There were many unknowns such as what damage there really was in the Tokyo area, for how long would trains not be running, would there be adequate food in two or three days time, what was going to happen with fuel supply, because when we were watching on television,...
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...Fam, S., Xiong, J., Xiong, G., Yong, D. and Ng, D. (2014) ‘Post-Fukushima Japan: The continuing nuclear controversy’, Energy Policy 68: 199-205. Fam et al. discuss the impacts of the 2011 Fukushima disaster and the opposing values and interests that are involved in the nuclear energy debate. The value disagreement exists between the economic benefit of nuclear power versus the nuclear risk as evidenced in the disaster and the interest disagreement occurs for economic security versus environmental and safety risks. Their analysis primarily focusses on the actors in the energy conflict, the role they play and the ingrained institutional barrier to reform in the Japanese nuclear energy sector (Fam et al.: 2014). Fam et al. concludes that the...
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...1. Introduction 1.1 Background Japan has the third largest economy in the world. As it is surrounded by sea, the country’s port plays an important role in maritime transportation for both exports and imports. In March 2011, the world was affected when Japan was struck with natural disasters (Earthquake and Tsunami). This sudden disaster sent everyone around the world into frenzy. It affected Japan’s ports, shipping and logistics. As a result of the natural disasters, ports in the northern area of Japan had to stop operations after the Tsunami washed away port facilities, leaving the area in tatters. Ports such as Hachinohe, Ishinomaki and Onahama were severely damaged and it would take months before operations can resume. It will take some time for Japan to rebuild itself as this is the worst disaster to hit the country since the Hiroshima/Nagasaki nuclear bombing during the World War 2. 1.2 Objectives of Project The team will be doing a research and critical analysis on how the crisis has affected Japan’s economy and how the revival of Japan will benefit the shipping economy. The areas of focus will be on the economic impacts of the various shipping markets and other factors contributing to the crisis and forecasting the future outcome in the shipping industry. We intend to go beyond the surface and dig deep into the crisis to fully understand how dealing with a crisis really works. This includes looking at past records as well as analyzing the situation in...
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...demand pull system in which manufacturing planning begins with the final assembly line and works backwards, not only through the various manufacturing processes, but also to the vendors and subcontractors supplying materials and components. Therefore two things must happen in order for JIT to work: ➢ All parts/materials/components must arrive where they are needed, when they are needed and in the exact quantity needed ➢ All parts/materials/components that arrive must be usable parts Hence any natural disasters occurred it will certainly affect the impact on supply chains especially JIT to the factory. Following are how great calamities like the civil war in Middle Eastern countries (Libya, Egypt, and Syria), Great East earthquake and Tsunami in Japan and heavy flooding in Thailand have an impact on production networks of automobile spare parts, hard disk drives, oil, rice, precision parts and electronics supplies facing stoppage, shortage, delay...
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...statement: The extent to which earthquakes present a hazard depends on where they are experienced. (40 marks) A Hazard is best defined as a situation that’s ‘a potential source of harm or adverse health effect on a person or persons’. An earthquake is a tectonic event which can be a huge hazard to people- particularly effecting areas of the earth around convergent, divergent and transform plate boundaries: in both MEDC’s and LEDC’s with equally force. Hazards earthquakes cause can be divided into two sub-categories: primary and secondary effects. Primary effects are the problems that are of direct result of the seismic waves, including effects such as liquefaction, tsunamis and landslides. Primary effects then lead to secondary effects; floods, fires, disease and even malnourishment. However a number of factors can dictate whether these effects present a hazard to people or not- location, whether in a MEDC or LEDC, can dictate the severity of the hazard. To start, I want to highlight the difference in the primary effects of an earthquake. Comparing the factors like death and injuries- or social effects- and then the environmental effects in looking at the destruction of infrastructure experienced in varying parts of the world. To highlight this difference of place: using an EQ in a LEDC and one in a MEDC. So looking at deaths and injuries we can see as an overall trend there tends to be more deaths caused form the initial seismic force of an earthquake in LEDCs. Gujarat in India...
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..."Discuss with reference to this BP case study the problems of corporate risk and liability entailed by the factors of uncertainty and lack of reliability of equipment. (in this case the blow-out preventer) State other examples and analyse them. How can companies plan for such contingencies and manage a major disaster when it arises in a damage limitation exercise?" The Deepwater Horizon oil spill of 22 April 2010 is perhaps the most striking example of a corporate disaster due to a company’s lack of certainty regarding some of its operations. First, it is the largest accidental marine oil spill in the history of oil industry, then it took the authorities and the companies almost three months to stop the leak and finally the spill caused extensive damage to wildlife and marine habitats and to the Gulf’s tourism and fishing industry, leading to one of the most complex trial of the US. And even more important, this accident was not caused by a natural disaster like Fukushima’s nuclear disaster was. What is more is that the responsible for this disaster are said to be BP and Transocean, hence companies with the means and power to prevent and stop such a disaster from happening. One might expect from a firm like BP to have efficient and safe equipment, especially when one knows how dreadful an oil spill can be. It seemed however that building oil gusher at such depths made it almost impossible for them to be absolutely sure of their equipment safety, a problem combined to a series...
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