Global Climate Changes And Its Effect On Our Business

INTRODUCTION: As a fast growing and large, UK based, food retailer, we sell products sourced from the UK, and internationally such as China and Russia. Therefore, global climate changes give very significant impact on our business: possibly huge losses without proper future planning. Thus, building sustainability as a core part of our business practices is crucial to minimise risk of losses and keep our shareholders feel ecstatic. The world agree that the carbon taxes will be imposed in response to climate change. According to world bank (2013), carbon taxes is a form of tax that explicitly and directly link to reduce carbon dioxide emissions. The main pressures of carbon tax are to ensure every emitter are taking responsibility of their carbon emissions and force them to shift to green production techniques. The concept is costs and selling prices of products with high associated carbon emissions will increase thus, affect profitability of businesses (Berners-Lee 2015). Evidently, this carbon taxes are not in line with shareholder interests as its costs money. Hence, discussion about strategic planning and actions of how to reduce carbon emissions practices are required ahead of time to create the most values for our shareholders and other stakeholders. Leadership actions in Supply chains One solution that companies have been trying to response to the climate changes problems while making stakeholders happy is through mitigation of greenhouse gas emissions.Show MoreRelatedClimate Change And Global Warming928 Words   |  4 PagesThis paper will discuss climate change and global warming on the economy. The paper also gives a description on climate change and global warming. As well as what it hold for future business owners. It will also discuss what the government is doing about climate change/global warming. Climate change is a long-term shift in the statistics of the weather (including its averages). For example, it could show up as a change in climate normal (expected average values for temperature and precipitation)Read MoreThe Critical Implications Of Climate Change For Business1034 Words   |  5 PagesWhat are the critical implications of climate change for business? A business plays a heavy and critical role in the contribution to global climate change. Suzanne Goldberg (2013) reports that only 90 companies worldwide caused two-thirds of the man-made global warming emissions. Oil, coal and gas companies are the major players in the global climate change crisis of the 21st century (Goldberg 2013). Companies such as Chevron, Exxon and BP are three of the highest contributors of greenhouse gasRead MoreClimate Change Is A Serious Problem1123 Words   |  5 PagesClimate Change is a Serious Problem to the Planet â€Å"Climate change is happening, humans are causing it, and I think it is perhaps the most serious environmental issue facing us.† This quote from Bill Nye illustrates the serious nature of climate change. Climate change is the most serious issue that is plaguing the world. Global temperatures have been increasing in recent years and it is clear that our climate is changing. Climate change is the change of temperature and weather in our environmentRead MoreCompanies And Climate Change Case Study944 Words   |  4 PagesCompanies Impact on Climate Change According to Mindy S. Lubber president of Ceres, â€Å"many U.S. companies today are still downplaying the possible risks of climate change and its far-reaching business impacts.† Still using fossil fuels and releasing carbon dioxide in large amounts will have large effects on the Earth, if companies aren’t careful. The idea of global warming has been around in the United States for many years. In fact, climate change has had effects on people and the environment forRead MoreGlobal Warming And Its Effect On The Environment933 Words   |  4 Pagesin the future, explaining that â€Å"warming is expected to make tropical cyclones (hurricanes) more intense† (Weeks). Global communities cannot ignore the warning any longer and must take action to reduce further climate change. Climate change is widely acknowledged by scientists as the greatest current threat to our planet. Dependence on fossil fuels and blatant disregard for their effect on the environment is unfavorably shifting the delicate balance between man and nature. A 2014 United Nations reportRead MoreClimate Change Is A Real Threat1105 Words   |  5 PagesClimate Change is a Real Threat â€Å"Climate change is happening, humans are causing it, and I think it is perhaps the most serious environmental issue facing us.† This quote from Bill Nye illustrates the serious nature of climate change. Climate change is the most serious issue that is plaguing the world. Global temperatures have been increasing in recent years and it is clear that our climate is changing. Climate change is the change of temperature of our environment. A majority of scientists suspectRead MoreThe Reality Of Climate Change1579 Words   |  7 PagesChristian Mosier English-151 Dr. Archer 6 April 2017 The Reality of Climate Change Climate change is real; in fact, it s very real. Most people like to decipher the fact that global warming is nothing more than just a perpetuate myth, but if the recent weather especially in the state of New Jersey hasn t told you anything, the weather can be extremely bipolar at times. One day it s sixty degrees Fahrenheit, and the day after its thirty degrees with heavy snow crashing to theRead MoreIs It Global Warming Or Climate Change?1660 Words   |  7 PagesArnold English Composition 122 October 25, 2015 Is It Global Warming or Climate Change; or is it Power and Control? It is a fact that climate change is occurring and humans as the main contributing factor is at the heart of the Global Warming debate. Still, is the debate truly about protecting our planet from human-activity climate change, or is the natural cycle of the Earth being used as a ruse to â€Å"promote† climate change to determine global policy measures and defeat Capitalism? Whether humanRead MoreThe Economics Of Climate Change1400 Words   |  6 PagesThe Economics of Climate Change The world economy is a very complex system; in the system harmful externalities disrupt capital flows and determine economic productivity. Most notable of these externalities is inadvertent global warming. Spending towards research and regulation of climate change at both the national and international level are very important in determining current and future business trends. Economists and scientists worldwide continuously debate the pros and cons of emissions reductionRead MorePeople Of Earth, What Are You Waiting For?1553 Words   |  7 PagesPeople of earth, what are you waiting for? Global warming could be considered a contested topic, although I strongly agree with the facts presented by the scientific community about the ways in which humans affect the environment. Global warming will result in large scale melting of glaciers, extinction of plants and animals, and a rise in sea levels resulting in the loss of densely populated, low lying coastal areas. Additionally, tropical diseases and the frequency of severe weather will increase

Essay on BUSI650 B05 DB1 Thread RCherry - 1859 Words

Discussion Board 1 Ryan Cherry BUSI 650 – Operations Management January 18, 2015 Key Concept Explanation The concept of a â€Å"job shop† as a transformation system, refers to a process which has a somewhat jumbled flow, high flexibility, and outputs which are processed differently (Lyons, Vidamour, Jain, Sutherland, 2013). One of the most important aspects of the job shop which must be understood relates to the definition presented above. Managing a job shop is difficult because of the numerous different routes that an output might take, the numerous different inputs which are required, and the differing operations and amounts of time (Meredith Shafer, 2013). â€Å"[S]ince every output must be treated differently†, efficiently†¦show more content†¦1348). Biblical Integration When considering the purpose of instituting the appropriate transformation system is to achieve the maximum â€Å"efficiency, effectiveness, volume, capacity, lead time, flexibility, and so on†, there are a few Bible verses which almost immediately spring to mind (Meredith Shafer, 2013, p. 50). The appropriate transformation system seeks to improve the work of our hands, allowing us to â€Å"work heartily, as for the Lord and not for men† (Col. 3:23, English Standard Version). The improved work of our hands will also allow our souls to be richly rewarded and allow our diligent hands to rule (Prov. 13:4, 12:24, ESV). Before making any decision, however, the manager should seek to commit his work to the Lord, so that his â€Å"plans will be established† (Prov. 16:3). Application Real-world businesses with customers which require product flexibility, in lower volumes, have the beginnings of a job shop production process (Choudhari, Adil, Ananthakumar, 2012). Such a beginning is further evidenced when the job force is made up of highly skilled employees that are able to help create a wide array of products (Pederson, Dresdow, Benson, 2013). The job shop process is also very widely used because of its many advantages, and despite the scheduling challenges which it presents (Meredith Shafer, 2013). Organizations

Did the Ancient Greek Gods Exist - 1234 Words

Did the Ancient Greek Gods exist? The Ancient Greeks regarded their religion and mythology with much respect and loyalty. Although the Ancient Greek Gods are now seen as an explanation created by man, for natural forces and the world around us, there has been much evidence both for and against the debate that these Gods were real. The Greeks believed that the Earth was created with the birth of Gaia, or Mother Earth, from the dark void known as Chaos. It was believed that Gods were all-powerful giants and heroes, who were responsible for our creation. The Olympians were a younger race of Gods led by Zeus, who eventually overthrew the formidable Titans, led by Zeus’ tyrannical father Cronus. Once in power, the Olympians, named after their†¦show more content†¦However many argue that it was from the bull sensation that came the origins and inspiration for the tale of the Minotaur. The creature eventually grew for a horrific taste for blood, forcing Minos to imprison it in a twisting labyrinth under his palace, Knossos. Several years ago, Oxford university geographer Nicholas Howarth uncovered an underground cave complex consisting of a dark,Show MoreRelatedCreation Of Society : Ancient Myths Essay1419 Words   |  6 PagesVictor Cime English 10 Period 1 Ms. Cha 3/23/15 Creation of Society: Ancient Myths The telling of tales is a tradition old as time. Ancient culture from all over the world have folktales and grand stories of their land. Although many of these cultures are divided by language barriers and thousands of miles, they all all share one thing in common: Myths. Myths were told to answer questions that these ancient societies pondered. Although there were many types of myths, creation myths were told toRead MoreThe Incompleteness of Platos Euthyphro Essay848 Words   |  4 Pagesincompleteness. On account of the dialogues dual effect -- the presentation of Socrates spirit as well as the Greeks inability to define piety -- explanations for its incompleteness often place too much emphasis on Socrates and, as a result, fail to unearth its true genesis. Some students argue, for example, that the failure to define piety is induced by the non-existence of the Gods, which they declare Socrates implied through out his life. Hence arises the purpose of this interpretation: to Read More Exploring The Four Ancient Civilizations- Mesopotamia, Egypt, Greece and Israel1009 Words   |  5 Pagesleader elected by the citizens. He established an army and led it into battle. Kingship was hereditary. Commoners were free citizens. In ancient Egypt, both women and men could act on their own and were responsible for their own actions. In contrast, Mesopotamia didn’t even give the amount of rights that Egypt has given to their female population, where women did not have their own legal identity, were not allowed to participate in the legal system without a male present usually a closest male relativeRead MoreExamples Of Archetypes In The Odyssey1291 Words   |  6 Pagesof writing, contains many archetypes. The Odyssey is a 3,000 year-old epic written by Homer in Ancient Greece. It describes the adventures of Odysseus. As well as being found in The Odyssey, archetypes are evident throughout Greek culture. These archetypes depict the ideals and beliefs of the Ancient Greeks. Through Homer’s use of archetypes in The Odyssey, the reader gains insights about Ancient Greek culture. Three major archetypes shown in The Odyssey include the archetypal characters the heroRead MoreExamples Of Archetypes In Homers Odyssey1292 Words   |  6 Pagesof writing, contains many archetypes. The Odyssey is a 3,000-year-old epic written by Homer in Ancient Greece. It describes the adventures of Odysseus. As well as being found in The Odyssey, archetypes are evident throughout Greek culture. These archetypes depict the ideals and beliefs of the Ancient Greeks. Through Homer’s use of archetypes in The Odyssey, the reader gains insights into Ancient Greek culture. Three major archetypes shown in The Odyssey include the archetypal characters the heroRead MoreOrder From Chaos : Analyzing And Evaluating The Hellenic Creation Myth Through The Lens Of Biblical Tradition1384 Words   |  6 Pagesthe Hellenic Creation Myth through the Lens of Biblical Tradition Greek mythology is often understood through the lens of analyzing a dead religion; it is assumed that the influence of such myths is passive and fixed, only effecting the lives of those already long gone, whereas the very nature of such myths is to be active, dynamic, and illuminative. I, like many others with Greek heritage, rarely engage actively with the ancient Hellenic myths. Despite this, it is valuable to understand their placeRead MoreAncient Greek Empire : A Of Culture1583 Words   |  7 PagesEssay Exam One The ancient Greek empire was full of culture. In those times, the empire was considered large. With that being said it was very surprising that most aspects of Greek culture were unanimous throughout the empire. The most consistent similarity is found in Greek religion. Greek religion included many gods, practices, and ways of worship. While religion was generally unanimous throughout the empire, the opposite can be said about politics and government. Many different ways of governingRead MoreAncient Greek Influences Essay886 Words   |  4 Pageshave long considered Ancient Greece to be one of the most influential societies on modern day life. Ancient Greece has inspired the modern world in five main areas: theatre, government, philosophy, art, and architecture. Theatre flourished in Greece, particularly in Athens, between c. 550 BC and c. 220 BC. During its beginnings theatrical performances were part of Dionysia, a festival held in honour of the god Dionysus. The plot of the plays was always inspired by Greek mythology, a theme thatRead MoreHuman Sacrifice And The Gods Essay1360 Words   |  6 Pagesthe sacrificial table as the priest cuts out the man’s heart to offer it to the gods.â€Å" The occurrence of human sacrifice can usually be related to the recognition of human blood as the sacred life force†(â€Å"Human Sacrificing†). The thought of human sacrificing may seem inhuman or uncivilized; however, in the ancient times, it was considered a prayer for better times. Human sacrificing was not only a ritual act to earn a god s favor, but also for a greater cause. Usually people would benefit luck, fertilityRead MoreAncient History And Biography : A Week On The Concord And Merrimack Rivers1215 Words   |  5 Page sâ€Å"To some extent, mythology is only the most ancient history and biography. So far from being false or fabulous in the common sense, it contains only enduring and essential truth, the I and you, the here and there, the now and then, being omitted. Either time or rare wisdom writes it. Said Henry David Thoreau in A Week on the Concord and Merrimack Rivers published in January 18, 1849. All over the world, during the ancient times, many cultures had developed their own mythological systems to help

The Career That Intrigues Me - 1155 Words

The career that intrigues me is elementary education, which is kindergarten through 8th grade. I am engrossed in this career because I have little siblings that I had to teach them things like reading, math, and writing properly. Also, I just love, love, love little kids and to watch them grow. My personality goes with this career because I am a very kind and considerate person and I like people. My values go with this career because I like having the defiance and the opportunity to do my work in new ways and with independence and diversity. Also, I like feat which is having the feeling that what I do in my work is crucial and making a contribution. Lastly I value my workplace and having the pleasure of working in a satisfying, attractive work space where the supervisors and co-workers are supportive and friendly. I expect that being a teacher at a school will have all these conditions. Kindergarten and elementary school teachers work in public or private schools. Seeing students dev elop new skills and learn information can be very rewarding. The work in this career typically takes place in a classroom in a school. The physical activity involved in this career is walking around the classroom or sitting at a desk grading papers. The clothing that teachers wear should be comfortable, but professional and have individual personality. Some things to avoid are; Sleeveless tops, too much make-up, and not to use too much jewelry. I envision that if you are a teacher, you dress soShow MoreRelatedThe Hidden Curriculum, And The Way That Social Classes Work Within The School System1512 Words   |  7 Pages this is a larger concern than what I believed and this article informed me in that sense. The main points in this article that are touched on include budgeting, the author’s personal experience with the social classes of schools and the impact of the curriculum being effected by the class of the institution. In class, we’ve yet to touch strongly on the topic of Special Education, and this field is one that intrigues me as the styles and types of communication that are used are different thanRead MoreEssay855 Words   |  4 PagesThis is why the University of Houston is a great fit for my future career. I am interested in this clinical psychology program over others because of the specific emphasis in neuropsychology, including classes that relate specifically to neuropsychology, research opportunities that focus on neurodevelopment and neuropsychology, and a clinical practica. I am excited about the University of Houston’s connections with diverse and exceptional site placements, including many opportunities in pediatricRead MoreMy Goal Of Becoming An Accountant876 Words   |  4 Pageswhich teaches me how to use analytic tools such as Microsoft Access and other data analysis software, and Auditing and Assurance, which helps me understand audit theory, attestation, and as surance services (Courses). I do, however, need to make improvements in my writing and communication skills. In accounting, I will be asked to explain and write financial reports efficiently, so that investors can make appropriate decisions. I know that writing and communicating well, will give me an advantage inRead MoreMy Life At The Museum823 Words   |  4 PagesAs a child, my schoolteacher mother filled my summers with the cultural institutions of Fair Park and the Dallas Arts District. Whether day-tripping to the Women’s Museum or the Nasher Sculpture Center, these Dallas institutions first exposed me to a career in the museum world. My first year at Southern Methodist University, I sought further exposure to this world, and completed an internship at the Crow Collection of Asian Art in the heart of the Arts District. There I served as the Education andRead MorePersonal Career Goal Paper 763 Words   |  4 Pagesï » ¿ Personal Career Goals Paper PSY/305 March 2, 2015 Dr. Daniel Williams Ruby Rodriguez Introduction Psychology has many different types of practices and aspects so essentially to pursue a career in psychology would be too vague. One of the practices that entice my ability to push myself to continue in psychology would be the forensics and the ability to diagnose an individual that tries to say that he or she is mentally unstable. I feel that this is one of the biggest factorsRead MoreMy Career As A Physician857 Words   |  4 Pageshigh school, I was accepted into my city’s medical school and started my career as a physician. However, Venezuela is currently filled with corruption, economic burdens, and violence; thus, after one semester, I decided to leave everything behind and move to the United States for a better future. Even though I had to start from zero, I want to pursue my dreams no matter the time it takes. Every action and every decision made me who I am today; transitioning to a new country, completing my pre-medicalRead MorePersonal Statement : Physical Design E ngineering934 Words   |  4 PagesWhile growing up, many adults would ask me, â€Å"What do you want to be when you grow up?† I did not know how to respond to them back then and I still do not know but now I know some qualities I would prefer in a career. I desire a career I truly enjoy, not one based off of pay. Having a career where I follow instructions will be ideal. Despite following instructions, others must acknowledge and consider my ideas. However, the most important aspect of a career to me is to improve the quality of life ofRead MoreMy First Choice Of Laboratory Position Essay1698 Words   |  7 Pagessay they are proud of me. I’ve won a narrow battle with depression; there is a plaque with my face on it hanging in front of the science department at my alma mater; I pay virtually no tuition to attend the top public school in the USA; my first choice of laboratory position was given to me my first semester at this renowned research school. People pat me on my back for these things, but they’re aiming for the wrong one. I’m standing on the shoulders of giants. Highschool-me didn’t act like he gaveRead MoreThe Human Body And Intricacies Of Biology841 Words   |  4 PagesAt 16, my early intrigue in the complexity of the human body and intricacies of biology had lead me into the path of medicine. It dawned on me whilst I gained opportunities to observe and speak to experienced physicians regarding sophisticated human physiology during the warding period of my father before he underwent a balloon angioplasty surgery. My aspiration to pursue medicine was further fortified by my enjoyment in studying Biology and it enormously gratified my discovery of ever new scientificRead MoreMy First Semester Of College At Embry Riddle919 Words   |  4 Pagesfrom useful to impractical. It is impossible to learn the skills necessary of an effective leader completely out of a book, it takes the application of them to understand. The development of leadership is vital to successfully moving forward in any career, so it would be beneficial to cultiv ate these skills academically. Throughout my first semester of college at Embry-Riddle, I noticed that certain changes are evident, while others are more obscure. A significant development that I perceived is through

Identify Risk and Apply Risk Management Process- myassignmenthelp

Question: Discuss about theIdentify Risk and Apply Risk Management Process. Answer: Identification of risks The increasing diversity of risks uncertainties is considered one of the most important factors that affects the performance organizations, impacting operations and their ability to achieve their objectives in their different operations and departments. Some of this for the BizOps business organization is discussed below. Attracting and retaining personnel an employees: Loss of critical resources that will impact the business ability to deliver customer service, business results and stakeholder expectations is one of the most important risks. This kind of risks can severely affect the performance of the business. In addition to that, Rapid personnel changes at executive levels lead to gaps in ability to define and execute strategy. Breaches in business and customer database: Risk of security breaches of business and customer data through cyber-attacks from hackers and sophisticated organizations. Gaps in control structure due to reliance on 3rd party vendors (Larson and Gray 2013). Risk of significant business impact of key systems not being available (websites, core operating systems, e-mail etc. through methods such as Denial of Service attacks and others). Cultural difference: Differences in cultural and economic conditions between the different parts of Australia and other countries can form significant barriers possibly affect the success of the business organization. Some other risks that are potentially strong in order to affect the business of Bizops Lack of communication between suppliers and manufacturers Lack of competence in supply base Lack of resources in supply base Political instability of supply base Poor transportation and logistics of goods Lack of design skill and technology at supply base Tool and systems to monitor the risks continuously Assessment of risk probability and their impact: This system is used to explore the probability that every particular risk that will happen and the potential impact on the business or its undertaken project, for example, plan, cost, quality or execution (negative impacts for risks and beneficial outcomes for circumstances), characterizing it in levels, through meeting or meeting with significant partners and reporting the outcomes. Probability and impact matrix for the risks: This tool is helpful in rating risks for assist quantitative investigation utilizing a likelihood and effect framework, rating standards ought to be determined by the business organization in advance. Assessment of the urgency of the risks: In some subjective examinations the assessment of risks rating can be joined with the risk positioning decided from the likelihood and effect lattice to give the final risk sensitivity rating (Larson and Gray 2013). Illustration of a risk requiring a close term reactions might be viewed as more pressing to address. Risks classification/categorization: keeping in mind the end goal to decide the territories of the venture most presented to the impacts of instability. Gathering dangers by normal underlying drivers can help us to create compelling danger reactions. Assessing risks by expert judgment: people who have involvement with comparable project in the not very inaccessible past may utilize their judgment through meetings or risk facilitation workshops in order to manage and mitigate the risks . Risk inventory analysis Risk How it could happen Consequence for the business Existing controls in place to minimize the impact Risk 1 (hacking in the business database) By the intrusion of the hackers in to the database of the organization. Loss of business and customers personal as well as financial data. Lack of access policies and security mechanism Risk 2 (cultural barriers ) Cultural barrier in different sections of the country. Disruptions caused by changes in international, social, political, legal and economic conditions Hiring locals and having an effective CSR policy Risk 3 (loss of critical resources) Due to the lack of efficient and enough compensations the employees gets dis-satisfied. Lack of resources Compensation and benefits, Work/life balance, Clearly defined job descriptions and paths to promotion Organizational procedures to document risks continually and accurately Presently the organization uses the quantitative risk analysis process for documentation that quantifies probability and impact. That is, a numerical value is assigned and the risk assessed may be translated into terms of numbers and percentages (Larson and Gray 2013). There are many techniques adopted for quantitative risk analysis, namely, Decision Tree Analysis, Expected Monetary Value Analysis. A Importance of finding the root for the risks For any business organization, the risks management is meant to evaluate and take the necessary steps to increase the probability of success and reduce the likelihood of failure due to a certain risk, thus risk management specifically deals with the uncertainties inherent in any development intervention (Boud, Cohen and Sampson 2014). By identifying and evaluating the causes of the risks in the organization helps the management to better place control measures in order to be able to make informed decisions and this will lead to fewer losses and more gains. Methods, techniques and sources of information used for the identification of the risks Risk 1 (hacking in the business database): In case of this risk, the frequent anomalies in the business and customer data, as well as interruptions in the used applications are also can be thought as the source of information for the identification of the risks. Risk 2 (cultural barriers): For this specific risk the Political, Economic, Sociological, Technological, Legal, Environmental (PESTEL METHOD) issues are used. Issues commonly used as a planning tool to identify and categorize threats in the external environment (political, economic, social, technological, legal, environmental) Risk 3 (loss of critical resources): Record of issues faced and the actions taken to resolve them. Any issues that were formally identified as risks should be analyzed. Part B Risk hacking in the business database cultural barriers loss of critical resources Overall level of risk posed high low high Likelihood rare Passible likely Frequency medium Medium high Impact high Medium Moderate Activity Implementing new policies for accessing database Risks hacking in the business database, cultural barriers, loss of critical resources Control measures Control measure Strengths Weaknesses Implementation of access policies Have different level of access and data can be secured. Exposed to internal sabotage. Installation of intrusion detection system Intrusion to the data base can be detected earlier than ever. Hiring and providing training to local employees. Helpful in removing the cultural barriers that as obstacle in the business of the organization. Implementing new customer retention policies and compensations Effective use of the policies by the management of the organization. Impact of risk on areas outside your responsibility Customer dis-satisfaction due to the exposure of their data. Personnel involved Expected outcomes of the risk treatment plan Secured database, better and improved business performance and greater market share. Measures to evaluate the success of the risk treatment plant Evaluation of All the Activities in the treatment Plan: It requires a thorough investigation of each activity of a risk management plan. Checking out the efficiency of all the activities and discovering the flaws in their implementation allow you to analyze the whole plan systematically. Evaluation of the Business Environment: A thorough study and critical evaluation of business environment where a risk management plan is to be implemented is essential. Take time to assess, analyze and decide what exactly is required. Possible Changes in inefficient Activities: After evaluating the effectiveness and efficiency of all the activities, try to make possible changes in the action plan to get desired results. It may be very time consuming but is necessary for successful implementation of your risk management plan. Success of Changed Activities: After making changes in already existing activities and events of a risk management plan, go for a final review. Try to note down the possible outcomes of the changed activity and match them with the main objectives of the risk management plan. Go ahead in case they are in line with them. Source of information for the measurement of the success of the success of the plan Profitability in the business: The Risk Management program will assure that the firm maintains profit margins for risk at a level consistent with corporate goals. Lesser risk exposure and losses due to it: The Risk Management program will assure that the firm maintains risk exposures to within corporate risk tolerances and appetites so that losses will not occur that are in excess of corporate goals. The Risk Management program will assure that the firm avoids concentrations and achieve diversification that is consistent with corporate goals. The Risk Management program will assure that the firm selects strategic alternatives that optimize the risk adjusted returns of the firm over the short and long term in a manner that is consistent with corporate goals. The way available information can be used by the organization to improve the management of risks With the available information about the risk management plan it will be easy for the management identification and evaluation of the risks that may arose in future, the next step involves the identification of alternative appropriate actions for managing these risks, the evaluation and assessment of their results or impact and the specification and implementation of treatment plans. Since identified risks may have varying impact on the organization, not all risks carry the prospect of loss or damage. Opportunities may also arise from the risk identification process, as types of risk with positive impact or outcomes are identified. Management or treatment options for risks expected to have positive outcome include: starting or continuing an activity likely to create or maintain this positive outcome; modifying the likelihood of the risk, to increase possible beneficial outcomes; trying to manipulate possible consequences, to increase the expected gains; sharing the risk with other parties that may contribute by providing additional resources which could increase the likelihood of the opportunity or the expected gains; retaining the residual risk. The role of audit in monitoring and reviewing risk treatment plans Without the audit of different risk treatment plans it is not possible find out the flaws that may not be suitable for a some specific risks. Thus may lead to Failure to lead by example. Some people believe that risk management is busy work and resist the change. Without a consistent example by the project sponsors and project managers, team members will likely revert to their former ad-hoc methods (Boud, Cohen and Sampson 2014). How can we overcome this tendency? Leaders must set expectations, led by example, and demonstrate the value of risk management. Failure to focus on the risks that matter. Some project managers start their projects with gusto. Their risk list is longer than War and Peace. However, no one knows which risks matter. When project managers fail to evaluate and prioritize risks, team members become overwhelmed and fail to take action. Be sure to prioritize the risks. Failure to right-size risk management. Some project managers get a risk management plan template from their Project Management Office (PMO) or a project manager, and they never adapt the plan for their project. Consequently, the plan may have too much content for smaller projects or too little for larger projects. Work with your project teams to develop plans that fit the projects. Failure to develop risk management habits. Some teams identify and evaluate risks, but they fail to continue the process. Projects are not static; things change. Teams must develop a habit of reassessing risks and modifying response plans in order to manage risks effectively. Failure to identify risks early. Some project managers wait until things are out of control before they exercise risk management. Identify and evaluate risks early in new projects. Failure to involve high-power / high-interest stakeholders. Powerful stakeholders have a way of showing up late in the game and disrupting project flow. These people have no evil intent. Once they discover the project, they seek to minimize impact to their interests. Identify, engage, and communicate with key stakeholders early and consistently. Failure to be transparent. There are times when its appropriate to withhold information. When possible however, make your risks known. Share the risks with your team and the stakeholders. Ask for their help. Thus, by auditing the used risk treatment plan, it can be said that as it is a continuous improvement process and is a part of the risk management process (Boud, Cohen and Sampson 2014). The audit in the organization Supported throughout the organization through positive, apparent responses Through the audit process it should examine all the results of risk management activities, and this should be a key and continuous part of the risk management process. Continuous review and improvement relies on good communication. It also relies on people who understand and accept the need for risk management processes. For the top level management it is important that they provide appropriate training and support to your team for the risk management processes that they are involved in. References Boud, D., Cohen, R. and Sampson, J. eds., 2014.Peer learning in higher education: Learning from and with each other. Routledge Fleming, Q.W. and Koppelman, J.M., 2016, December. Earned value project management. Project Management Institute. Kerzner, H., 2013.Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Larson, E.W. and Gray, C., 2013.Project Management: The Managerial Process with MS Project. McGraw-Hill. Mir, F.A. and Pinnington, A.H., 2014. Exploring the value of project management: linking project management performance and project success.International journal of project management,32(2), pp.202-217.

How Well Did the English Exchequer Function in the Essay Example For Students

How Well Did the English Exchequer Function in the Essay Twelfth Century?How Well Did the English Exchequer Function in the Twelfth Century?The English exchequer was the central board responsible for all incomings and out goings into the royal treasury. It arrived with the Normans andwas the first system of centralized revenue extraction to appear that althoughcrude was adirect predecessor to the modern one. The information on how the Exchequer functioned as a method ofinstitutionalised revenue extraction is from the The course of the Exchequerwritten by Richard son of Nigel. The text provides a one sided argument intothe merits of the Exchequer as Richard himself is the treasurer. The text iswritten in a typically classical dialogue style with a master dictating to hisscholar. Richard also presents himself as a well educated and intelligent manthrough his grasp of Latin and his quotations from Biblical and classical textsas well as alluding to philosophy through his talk of logic. The interesting proposition therefore is who was interested in such acomplicated text and why was it produced. The system of the Exchequer was acomplex one that would have been understood by few at the time. By attemptingto describe this system in a way that presents it as equitable, it could haveconvinced the Barons and others paying taxes of the validity and fairness of asystem of which they would have had little comprehension. This would also behelped by Richards apparently good grasp of the area. The Exchequer board was the highest office that could be obtained in theroyal circle and was the most powerful and prestigious as it presided over allfinancial matters. It allowed records to be formed and general standards to bemaintained. The ultimate power of the exchequer is aptly put in the textwhere your treasure is, there will your heart be also. The Exchequer had a greater role than just recording revenue as itprovided a forum where judgments could be made and disputes about financialmatters could be settled. It also saw commands depersonalized through the useof writs which can be described as the routinization of charisma (Clanchy,1979). The King no longer had to have any direct influence over a command andsome form of general standard could be applied. In command of the Exchequer was the Kings Chief Justiciar who waseffectively second in command from the King. He presided over the whole boardand was the only one besides the king himself who could reverse decisions oncethey had been made. Any writs from the treasury for payment and expenditure hadto be authorized by him. The exchequer was structured into a lower and higher board whichcontained various officials, Kings dignitaries, clerks and scribes to ensurethat any decisions that were reached were recorded accurately. The members whoplayed an active role in the exchequer were the tallies clerk who held all thecounter tallies of receipt, an accountant who used the actual exchequer boardand counters to record all financial in comings and out goings and the treasurerwho recorded all goings on. Above all these men were scribes who recorded againprecisely what was written down and to ensure that this was correct theychecked it against each other at the conclusion of the session. Other important officials that sat on the exchequer board were thechancellor who was the keeper of the kings official signature, his seal. Another was the constable who had to witness all writs as well as sort outpayment to the kings various mercenaries and wage earners. Chamberlainsperformed the task of collating the account into a forel and then presentingthem to the treasury on behalf of the sheriff of a particular county. There wasa Marshall responsible for arresting any debtor who had failed to pay. .u69ee8b4de8621fd32901049ef915ab89 , .u69ee8b4de8621fd32901049ef915ab89 .postImageUrl , .u69ee8b4de8621fd32901049ef915ab89 .centered-text-area { min-height: 80px; position: relative; } .u69ee8b4de8621fd32901049ef915ab89 , .u69ee8b4de8621fd32901049ef915ab89:hover , .u69ee8b4de8621fd32901049ef915ab89:visited , .u69ee8b4de8621fd32901049ef915ab89:active { border:0!important; } .u69ee8b4de8621fd32901049ef915ab89 .clearfix:after { content: ""; display: table; clear: both; } .u69ee8b4de8621fd32901049ef915ab89 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u69ee8b4de8621fd32901049ef915ab89:active , .u69ee8b4de8621fd32901049ef915ab89:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u69ee8b4de8621fd32901049ef915ab89 .centered-text-area { width: 100%; position: relative ; } .u69ee8b4de8621fd32901049ef915ab89 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u69ee8b4de8621fd32901049ef915ab89 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u69ee8b4de8621fd32901049ef915ab89 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u69ee8b4de8621fd32901049ef915ab89:hover .ctaButton { background-color: #34495E!important; } .u69ee8b4de8621fd32901049ef915ab89 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u69ee8b4de8621fd32901049ef915ab89 .u69ee8b4de8621fd32901049ef915ab89-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u69ee8b4de8621fd32901049ef915ab89:after { content: ""; display: block; clear: both; } READ: Wal mart EssayA significant part of the system were the tally sticks that were givenas receipts for any payment. The sticks were notched in different waysaccording to the amount being recorded. This stick was then split in two withthe debtor receiving half and the other portion tied together to form totals. Receipts were probably given in this way as they were more likely to survive andin a time of relatively widespread illiteracy easier to understand. Thissimplistic method was very precise as can be seen by its continual use up untilthe nineteenth century. The accounts were formed by a clerk who made out the account using coinsfor counters on the exchequer board which was essentially like an abacus. Thisappears to have been a very complicated process. The counters are placed in thedesired position and then the figures were called out and recorded by a scribewhich must have been extremely hard work. The treasury received all accountfrom the sheriffs of different counties and were written onto a role. In allthree separate roles were kept. Being on the board of the exchequer appears to have involved long hoursand a high degree of pressure. In the course of the exchequer it is statedthatthe treasurer, indeed, is beset by so many constant great cares andanxieties, that he cannot be blamed if sleep sometimes over takes him in themiddle of it all.The general problems faced by the exchequer would best be summed up bythe textMoreover, in human affairs scarcely anything is absolutely perfect.The exchequer even if limited by technology capable of adding the figures wasultimately aided by its reliance on human endeavor. It appears that itfunctioned by accountability, that is each members accountability to another. This occurred from the scribes and the clerks right up to the chief justiciarand ultimately the King. TheExchequer functioned as a bureaucraticorganization with records being written and taxes collected in an organised,literate way and was not only a sign of the development of a feudal system inEngland but as a precursor to the modern state. ReferencesClanchy M. T, From Memory to Written Record, 2nd ed. Cambridge 1989Richard son of Nigel, The Course of the Exchequer, trans. C. Johnson, London1950. History