Commercial Insurance Essay Example | Topics and Well Written Essays - 1250 words

Commercial Insurance - Essay Example Dealing with the business’ risks will involve evaluating the existing risk factors and developing robust contingency plans on ways of dealing with the risks whenever they occur. Therefore, laying down a concrete plan for these risks will be the central theme of ensuring efficient management of the business risks. In addition, with the understanding that it will be impossible to plan for everything, the hotel’s risk management plan will provide for efficient ways of reacting whenever risks emerge. The plan to establish the hotel involves the designing and construction of the hotel premises. This means that I will require a professional design and building team, which will not only be tasked with developing a concrete design for the premises on which the hotel will be based, but also building the hotel based on my specifications, as well as those of the state planning department. Rather than embarking on the designing and construction processes on my own, for instance, by hiring a design and construction team, I will float a design and construction tender in the local newspaper and journal for a specified duration. This will primarily be in order to avoid the risk of poor construction due to lack of expertise, or high costs. Consequently, the appointment of the best design and building group will involve tendering, specifically open tendering method. This tendering approach will mark a massive step in risk avoidance (Edwards and Bowen 43). Essentially, risk avoidance encompasses taking steps to deter a hazard thereby ending particular exposure. Additionally, open tendering is the preferred method since it will increase competition thereby guaranteeing the highest value for money on the design and building project. Open tendering will also enhance risk avoidance by ensuring that bidders or respondents are willing to work at low costs while also increasing their likelihood of accepting increased responsibility and risk. This will enable the hotel avoi d a vast proportion of the risks associated with designing and construction, including fluctuating costs of materials and difficulties transporting construction material. Additionally, open bidding will ensure the realization of a superior quality product, especially through the incorporation of a quality matrix in the assessment procedure (Edwards and Bowen 64). Another significant way through which open tendering will ensure risk avoidance is by the enforceability of the design and building contract, which will evade rogue contractors. As soon as the hotel begins serving customers, I will ensure risk reduction by adopting the public order approach. This will ensure that the hotel’s risk of theft, insecurity and fire is significantly reduced. Risk reduction encompasses the implementation of effective measures to diminish the severity or frequency of the occurrence of losses. Consequently, risk reduction is also referred to as loss control (Edwards and Bowen 120). In the hote l, risk reduction will involve fire protection, for instance, through the installation of fire extinguishers and training the staff on fire fighting approaches. In addition, routine safety inspections will be a mainstay of the hotel’s risk reduction strategy, particularly since hotels are

'The analytical study of communication and media is central to Essay

'The analytical study of communication and media is central to understanding the ways we live now'. Discuss - Essay Example Hence, the essence is communication and its expression is through different media including language. The scope of variety in media is reflected in the statement, â€Å"In asking what computers can do, we are drawn into asking what people do with them, and in the end into addressing the fundamental question of what it means to be human† (Winograd and Flores 1986, p.7). Here, the medium referred to is computers. Keeping in view this diversity in media forms and the different ways of communication that is made through them, this essay is an attempt to understand, how and why communication and media is central to understanding the ways we live now. Now we have two types of media; one is the media that helps communication among two individuals, or within a small group which is called local media and the second is mass media or global media (Machin and Leeuwen, 2007, p.7-10). While media like a low range microphone or a telephone are considered as included in the first category, me dia like, newspapers, magazines, film, radio etc. are considered as mass media because they can at a time reach out to ‘n’ number of people (Machin and Leeuwen, 2007, p.7-10). ... example, Hall (19 June 1992, p.8) has drawn attention to the creation of new ‘cultures of hybridity†, brought about by the interaction of local media with the global (mass) media. Here, the reference is to a new kind of culture that is emerging out of the interactions with local and global media. It has to be remembered that before mass media emerged, â€Å"public life was linked to a common locale; an event became public when a plurality of people physically congregated to hear and see the communication of a message, whether a band of traveling minstrels or an execution in the town square† (Craig, 2004, p.6). In this way, media created a new kind of public life and also helped us to understand it as well. In the context of a medium like television, when viewed in a house hold, it has been observed that, â€Å"the spatial separation of producer from consumer, combined with the temporal simultaneity and continuity of transmission and reception, have given rise to a n ‘aesthetic’ and a communicative style† (Moores, 2000, p.13). It is through this complex prism of space and time, that we now view life. Another interesting aspect has been that the media has made it possible for us to see ourselves very closely and from new different angles. This is why we say that now our life is â€Å"mediated† (Craig, 2004, p.4). Especially, media and the communication through them have been viewed as â€Å"the sites where the meanings of public life are generated, debated and evaluated† (Craig, 2004, p.4). Media and communication have been crucial in developing our outlook of a global society, in expanding our vision of the world, bringing news from all around the world to us within no time, media and communication have made us aware what we are, by helping our knowledge to

Environment Assignment Example | Topics and Well Written Essays - 250 words

Environment - Assignment Example Although solar energy has been in use for a long time, generating electricity from this source has not been fully adopted hence this has locked up great benefits associated with this alternative source of energy (Foster; Ghassemi, & Cota 47). Even though the solar energy is free, there are hindrances to achievement of this technology. For example, the cost of installation of solar harnessing equipment is extremely high. Also, the availability of solar energy fluctuate from place to another with some parts of the globe receiving maximum solar energy while others have low solar intensity. Also, solar availability is affected by the seasons and time of the day (YouTube). Implementation of this law will result to increase in efficiency of solar energy production since many people will invest in solar energy hence encourage innovation (Foster; Ghassemi, & Cota 47). Although the availability of solar energy may not increase, the efficiency of harnessing this energy will result to increase in the amount of power output lower cost of production (Boxwell 49). The cost saving on environmental management compensates the additional cost of generating solar energy on a large

Developing and leading effective Teams Article Example | Topics and Well Written Essays - 250 words

Developing and leading effective Teams - Article Example In terms of the type of team essential for the accomplishment of the problem affect nurses and patients, I would advocate for a primary work team or primary care team (Calendrillo, 2009). It is a team that concentrates on interacting with the patients at both the professional and personal levels to get feedback important in boost healthcare services given by the hospital. On that note, there are benefits and disadvantages of creating the aforementioned type of team. On benefit involves constant communication that ensures the execution of roles and responsibilities within the health sector (Beeson, 2011). Second, the creation of ground rules often emerge in such scenarios because of certain expected behaviours and guidelines. However, the disadvantages encompass inability to reach quick agreements because of team binding regulations. I, therefore, would prefer staff members with both interpersonal and intrapersonal skills because they will understand how to interact with others (Kelly & Tazbir, 2013). Their skill sets and positions will offer a chance for trust during

Financial Services Essay Example | Topics and Well Written Essays - 3000 words

Financial Services - Essay Example In December 2010, the Basel Committee had come up with a fresh version of its latest standards for bank capital as well as liquidity obligations. This latest set of worldwide regulatory standards for banks is referred to as the Basel III. The core facets of Basel III are planned to be realised as nationwide regulation by the first half of 2013. However, while certain portions of the new Basel principles are supposed to become effectual upon execution, the others would be implemented over a phase of numerous years. The main reason for the development of the Basel III was the deficits in the financial policies of the Basel Accord II that were exposed during the worldwide financial calamity in the year 2008 (Bank for International Settlements, 2011). This paper critically examines the general approach to measuring capital adequacy levels of banks as per the new standards implemented by the Basel III. The paper subsequently discusses the drawbacks of the Basel II standards that were expo sed during the 2008 worldwide financial catastrophe and which consequently led to the development of the Basel III standards. Additionally, the paper also appraises whether the imposition of the Basel III standards for capital adequacy as well as liquidity obligations of bank will be sufficient to prevent a further financial calamity in future. Background to Basel III Various regulatory bodies have recognised that the prevalent strategies of capital regulations of the banks in the United States as well as the European Union, on the basis of the Basel I and the Basel II Accords as a major reason contributing to the 2008 financial disaster (Shearman & Sterling, 2011; Dowd & Et. Al., 2011). This can be substantiated from the fact that under the prevalent... The paper tells that various regulatory bodies have recognised that the prevalent strategies of capital regulations of the banks in the United States as well as the European Union, on the basis of the Basel I and the Basel II Accords as a major reason contributing to the 2008 financial disaster. This can be substantiated from the fact that under the prevalent capital adequacy policies prior to the financial crisis, the least regulatory capital obligations of banks were inadequate. The low capital obligations imposed on the banks as per the Basel II in addition to certain standards linked to the Basel I were deficient in the context of the elevated exposures and real tangible losses endured by the banking entities during the economic downturn. It was also stated that the quality of the capital maintained by the banks as per regulations were time and again found to be inadequate in absorbing the losses sustained by the banks during the economic crisis successfully. The capital adequacy policies set as per the standards of the Basel II along with that of the Basel I, did not sufficiently detain the risks that were caused by bank exposures to certain dealings. The transactions or dealings that increased the exposures of the banks that the regulatory standards failed to capture were securitisations, repurchase agreements and derivatives. The regulatory policies of Basel I and Basel II also failed to effectively take into account the systemic risks related to the upsurge of leverage in the fiscal and monetary system.

Muslim Culture Essay Example | Topics and Well Written Essays - 500 words

Muslim Culture - Essay Example From this, Muslims believed that Abraham was the first Muslim. Mecca had grown into a huge city by the time prophet Muhammad was born in the 6th century. Although the exact date of birth of Prophet Muhammad is not known, it is believed that he was born in A.D 570. Muhammad worked as a caravan trader and later worked for a wealthy widow as her business agent. He managed to alleviate the divisions in Mecca that had been caused by large influx of foreigners. Muhammad set to subjugate Mecca. Under the leadership of Muhammad, Islamized Arabs conquered many parts of Arab. The fact that Muhammad was God’s prophet on earth made it hard for anyone to succeed him. Some Muslims proposed that Islamic leadership should be passed within Muhammad’s family. However, most Muslims were opposed to this opting for tribal traditions where inheritance was based on prestige and power of one’s family as well as its position in the tribal system. Abu Bakr, believed to be the first convert to Islam outside Muhammad’s family, became the first caliph. His successor as caliph was Umar bin Al-Khattab. Muslims regard Umar as the second founder of Islam. He was later succeeded by Uthman bin Affan. Islam: Empire of Faith is a documentary film produced by Robert Gardner for PBS. There are several similarities as well as differences between the information from the above discussed text and the film; While the film does not provide much information on the birthplace of Islam, it acknowledges that Islam could have originated from Mecca. According to the film, the city enjoyed great economic success as a centre for trade. This impacted heavily on the origin and growth of Islam. The film, however, does not indicate whether Abraham was the first Islam. The film differs from the information provided in the text by claiming that Prophet Muhammad was born in the 7th century (Islam: Empire of Faith). It, however, asserts that Muhammad conquered Mecca and its neighboring. The film shows

Features Of The Childhood Cognitive Development Assignment

Features Of The Childhood Cognitive Development - Assignment Example Constructivists gain knowledge by operating gadgets to discover their properties. The organization is an inborn tendency to combine and integrate available schemes into coherent systems or bodies of knowledge. Intelligence in Piaget’s theory is a basic life function that enables an organism to adapt to its environment. Assimilation is the process of interpreting new experiences by incorporating them into existing schemes. Schemes are organized patterns of thoughts or actions that one constructs to interpret some aspects of one’s experience (Shaffer and Kipp 215). According to Piaget, adaptation is the condition in which an individual interacts with, embraces and live by his or her socio-physical and cognitive environment. An individual gets used to his or her environmental aspects regardless of their nature. Assimilation and accommodation concepts complement each other. While assimilation allows for embracement of one’s environment, accommodation requires an individual to accept and appreciate whatever the environment brings forth, including other humans and animals (Shaffer and Kipp 224). Piaget defined intelligence as a basic function of life that enables any organism or human to adapt and fit into his or its immediate environment. Most people would refer to the term as humans’ ability to perceive and comprehend information for use in cognitive development; and manage daily lives of a socio-physical environment. Sensorimotor stage is the first major period in Piaget’s stage theory, lasting approximately 2 years from birth. According to Piaget, during this stage children are not yet able to comprehend their world and must entirely rely on others especially their mothers to think on their behalf. Piaget asserts that imitation is the purest example of assimilation.