Premium Essay

Natural Disasters and the Decisions That Follow

In: Business and Management

Submitted By lsamir
Words 477
Pages 2
NATURAL DISASTERS AND THE DECISIONS THAT FOLLOW
Problem Definition
Response of different industries ( Insurance Industries, Airline Industries…etc) to natural disaster.
A natural disaster is a major adverse event resulting from natural processes of the Earth; examples include floods, volcanic eruptions, earthquakes, tsunamis, and other geologic processes. A natural disaster can cause loss of life or property damage, and typically leaves some economic damage in its wake, the severity of which depends on the affected population's resilience, or ability to recover
How natural disasters affect business?
To which extend do people like Rommel, Neeleman consider customer welfare during making their decisions?
Does natural disasters a reason for companies to neglect their organizational Constraints, (customer service and satisfaction)?
Justification of the problem
There are several factors that affect decisions that follow natural disasters.
• % of accuracy in predicating natural disasters.
This determines how seriously companies should take the predication into consideration
• Timing of the information . It affects the ability to have enough time to respond and make all necessary decisions
•Planning and rules to be set, regularly reviewed to include any new case and tested by companies. This plan should consider welfare of both owners and customers.
• Ability to adjust adequately for subsequent information and not being selectively interpreting what one sees on the basis of one's interests, background, experience and attitudes.
• Consideration of Humanity during planning and during disaster time (ex. hundreds of passengers on planes, at JFK, in some cases for as long as 10 hours with bathrooms closed!).

List of Alternatives
• Comprehensive Data.
• Planning
• Action Before and During Event
• Recovery

Evaluate the Alternatives
1.…...

Similar Documents

Free Essay

Natural Disasters and Decisions That Follow

...NATURAL DISASTERS AND THE DECISIONS THAT FOLLOW Problem Definition Response of different industries ( Insurance Industries, Airline Industries…etc) to natural disaster. A natural disaster is a major adverse event resulting from natural processes of the Earth; examples include floods, volcanic eruptions, earthquakes, tsunamis, and other geologic processes. A natural disaster can cause loss of life or property damage, and typically leaves some economic damage in its wake, the severity of which depends on the affected population's resilience, or ability to recover How natural disasters affect business? To which extend do people like Rommel, Neeleman consider customer welfare during making their decisions? Does natural disasters a reason for companies to neglect their organizational Constraints, (customer service and satisfaction)? Justification of the problem There are several factors that affect decisions that follow natural disasters. • % of accuracy in predicating natural disasters. This determines how seriously companies should take the predication into consideration • Timing of the information . It affects the ability to have enough time to respond and make all necessary decisions •Planning and rules to be set, regularly reviewed to include any new case and tested by companies. This plan should consider welfare of both owners and customers. • Ability to adjust adequately for subsequent information and not being selectively interpreting what one sees on the...

Words: 281 - Pages: 2

Premium Essay

Natural Disasters & the Decisions That Follow

...Case Study: Natural Disasters & the Decisions that follow Step 01: Problem Definition Natural disaster is a major adverse event resulting from natural processes. An example includes hurricanes, floods, severe weather, volcanic eruptions, earthquakes, and other geologic processes. Step 02: Justification of the problem: A natural disaster can cause loss of life or property damage, and typically leaves some economic damage. And when we face a disaster during business running, we have to find a way to solve the dilemma between the organizations and the customers. Step 03: List of Alternatives: A- Aware people about the risk reducing measures. B- Planning and prevention. C- Organizations business ethics. Step 04: Evaluating Alternatives: A- With good data, the public understands the need for preparation and risk reducing measures. Governments, the private sector and the media build awareness of risks and risk-mitigation principles at national, regional, and community levels. Education in the community is required to ensure that awareness building continues in adult life. B- The coordination between the government and the private sector can presents accurate data to predict the risk before disaster strikes, which require to study all the information and the details provided to analyze the cost and benefits of natural disaster response. It is important to consider the relative cost effectiveness of disaster prevention and disaster recovery. ...

Words: 358 - Pages: 2

Premium Essay

Natural Disaster and the Decision That Follow

...Natural Disasters and the Decisions That Follow Jeff Rommel's introduction to Florida could be described as trial by hurricane. Rommel took over Florida operations for Nationwide Insurance in 2004. Over a 2-month period that year, Florida experienced its worst hurricane season in history�four major hurricanes (Charley, Frances, Ivan, and Jeanne) slammed the state, causing an estimated $40 billion in damage. In the hurricanes' wake, Nationwide received more than 119,000 claims, collectively worth $850 million. Although dealing with those claims was difficult, even more difficult was Rommel's later decision to cancel approximately 40,000 homeowners' policies. Nationwide received a huge amount of media attention as a result, almost all negative. In reflecting on the decision, Rommel said, "Pulling out was a sound business decision. Was it good for the individual customer? No, I can't say it was. But the rationale was sound." Hurricanes aren't the only weapons in nature's arsenal, and the insurance industry is hardly the only industry affected by nature. Consider the airline industry. American Airlines has 80,000 employees, 4 of whom make decisions to cancel flights. One of them is Danny Burgin. When a weather system approaches, Burgin needs to consider a host of factors in deciding which flights to cancel and how to reroute affected passengers. He argues that of two major weather factors, winter snowstorms and summer thunderstorms, snowstorms are easier to handle because they......

Words: 429 - Pages: 2

Premium Essay

Natural Disasters & the Decisions That Follow

...Strategic Management Capstone course in the final semester that uses guest speakers, case studies and simulations to weave together all aspects of the program. Courses • BUAD 6100 - Accounting for Decision Making • BUAD 6200 - Financial Systems • MKTG 6240 - Sales Force Leadership and Strategy* • BUAD 6300 - Strategic Marketing and Analysis • MKTG 6400 - International Marketing* • BUAD 6400 - Results-Based Management • BUAD 6500 - International Business • BUAD 6600 - Supply Chain Management • HURM 6700 - Human Resource Management* • BUAD 6800 - Information Technology and E-Business • BUAD 6900 - Strategic Management Capstone i The elective courses can change according to UT management Content BUAD 6100 - Accounting for Decision Making: Develops an appreciation for financial statements and their use in making decisions. The nature of costs, opportunity costs, responsibility accounting, budgeting, cost allocations, absorption cost systems, activity-based costing and standard costs are included. BUAD 6200 - Financial Systems: Uses cases and projects to develop the skills necessary to integrate financial and non-financial considerations into the management process, such as assessing entrepreneurial opportunities, forecasting for strategic financial decision making, and capital and business acquisition. MKTG 6240 - Sales Force Leadership and Strategy: An examination of the roles and functions of the business-to-business sales manager, including using......

Words: 833 - Pages: 4

Free Essay

Natural Disaster

...Natural disasters and the decisions that follow By Dr/hesham sleem Problem definition A natural disaster is a major adverse event resulting from natural processes of the earth ;e.g includes floods,volcanic eruptions,earthquakes and other geologic processes.it can cause loss of life or property damage and typically leaves some economic damage in its wake,the severity of which depends on the affected population's resilience or ability to recover .in another meaning (response of different industries to natural disaster such as insurance and airlines companies,how the organization manage these disasters and the decisions that may follow these disasters have serious effects on customers and So financial and human loss may follow. Justification of the problem There are several factors that affect decisions that follow natural disaster : 0/0 of accuracy in predicting natural disaster/ timing of the information/planning and rules to be set/consideration of humanity during planning and during disaster time/the government and organizations confidence in their ability to take decisions and overcome risk. List of alternatives: Comprehensive data/ awareness. Planning/prevention.... Action before and during event.... Response / recovery .the government and organization must be high confidence in their ability to take decisions and overcome risk.sufficient financial support and good communications. Evaluation of......

Words: 355 - Pages: 2

Free Essay

Trials by Natural Disaster

...by Dr. Hesham Sadek Case Study 2 “Natural Disaster & the Decision That Follow” Subject: Trials by Natural Disaster Prepared by: Hassan Ramadan Class Number: ESLSCA 7 Supervised by Dr. Hesham Sadek Case Study 2 “Natural Disaster and the Decision That Follow” --------------------------------------------------------------------------------------------------------------------------------------------------------------------- Problem Definition: A natural disaster is the effect of a natural hazard that affects the environment, and leads to financial, environmental and/or human losses. We cannot stop the natural disaster or predict it clearly but good......

Words: 399 - Pages: 2

Premium Essay

Natural Disasters

...Natural Disasters & the Decisions That Follow Case Study: Natural Disasters & the Decisions that follow Step 01: Problem Definition Natural disaster is a major adverse event resulting from natural processes. An example includes hurricanes, floods, severe weather, volcanic eruptions, earthquakes, and other geologic processes. Step 02: Justification of the problem: A natural disaster can cause loss of life or property damage, and typically leaves some economic damage. And when we face a disaster during business running, we have to find a way to solve the dilemma between the organizations and the customers. Step 03: List of Alternatives: A- Aware people about the risk reducing measures. B- Planning and prevention. C- Organizations business ethics. Step 04: Evaluating Alternatives: A- With good data, the public understands the need for preparation and risk reducing measures. Governments, the private sector and the media build awareness of risks and risk-mitigation principles at national, regional, and community levels. Education in the community is required to ensure that awareness building continues in adult life. B- The coordination between the government and the private sector can presents accurate data to predict the risk before disaster strikes, which require to study all the information and the details provided to analyze the cost and benefits of natural disaster response. It is important to consider the relative cost effectiveness......

Words: 300 - Pages: 2

Premium Essay

Nm, Snfs, Mna

...Natural Disasters & the Decisions That Follow Case Study: Natural Disasters & the Decisions that follow Step 01: Problem Definition Natural disaster is a major adverse event resulting from natural processes. An example includes hurricanes, floods, severe weather, volcanic eruptions, earthquakes, and other geologic processes. Step 02: Justification of the problem: A natural disaster can cause loss of life or property damage, and typically leaves some economic damage. And when we face a disaster during business running, we have to find a way to solve the dilemma between the organizations and the customers. Step 03: List of Alternatives: A- Aware people about the risk reducing measures. B- Planning and prevention. C- Organizations business ethics. Step 04: Evaluating Alternatives: A- With good data, the public understands the need for preparation and risk reducing measures. Governments, the private sector and the media build awareness of risks and risk-mitigation principles at national, regional, and community levels. Education in the community is required to ensure that awareness building continues in adult life. B- The coordination between the government and the private sector can presents accurate data to predict the risk before disaster strikes, which require to study all the information and the details provided to analyze the cost and benefits of natural disaster response. It is important to consider the relative cost effectiveness......

Words: 302 - Pages: 2

Premium Essay

Natural Disasters

...NATURAL DISASTERS AND THE DECISIONS THAT FOLLOW Problem Definition Response of different industries ( Insurance Industries, Airline Industries…etc) to natural disaster. A natural disaster is a major adverse event resulting from natural processes of the Earth; examples include floods, volcanic eruptions, earthquakes, tsunamis, and other geologic processes. A natural disaster can cause loss of life or property damage, and typically leaves some economic damage in its wake, the severity of which depends on the affected population's resilience, or ability to recover How natural disasters affect business? To which extend do people like Rommel, Neeleman consider customer welfare during making their decisions? Does natural disasters a reason for companies to neglect their organizational Constraints, (customer service and satisfaction)? Justification of the problem There are several factors that affect decisions that follow natural disasters. • % of accuracy in predicating natural disasters. This determines how seriously companies should take the predication into consideration • Timing of the information . It affects the ability to have enough time to respond and make all necessary decisions •Planning and rules to be set, regularly reviewed to include any new case and tested by companies. This plan should consider welfare of both owners and customers. • Ability to adjust adequately for subsequent information and not being selectively interpreting what one sees on......

Words: 264 - Pages: 2

Premium Essay

Natural Disaster

...Case study no.2 Natural disasters A-Problem definition In case of a disaster event, there are several effects, such as humanitarian effects, including the loss of lives and persons injured; ecological effects among other damage to ecosystems; and economic effects, comprising different effects on the economy. National disaster effects can be caused by the disaster itself or by follow on directly or indirectly. B-Justification of the problem Natural disasters have severe effects on different industries, if the decisions taken after the occurrence of the disasters were not based on appropriate study for the results that may occur, this may lead to huge losses for the industry and for the whole country. 1-Lake of planning Lake of knowledge and how to predict the occurrence of natural disasters is a main reason of the problem. 2-Insurance companies making as much insurance policies as they can although they don’t know if they can satisfy the customer needs or not. 3-Decision makers don’t have the good argument to convince customers or community by their decisions C-List of alternatives 1. Awareness 2. Planning and prevention Measures to eliminate or reduce the incidence or severity of emergencies. Actions taken in anticipation of, during, and immediately after an emergency to ensure that its effects are minimized, and that people affected are given immediate relief and support. 3. Response Process of supporting emergency-affected communities in......

Words: 777 - Pages: 4

Premium Essay

Contingency Plans

...Contingency Plans G.S. is an experienced nurse on the medical/surgical floor at a community hospital. G.S. is the charge nurse for the floor and needs to make decisions regarding staffing in the morning. A blizzard with 2-3 feet of snow and damaging winds is forecasted within the next 12-18 hours. It is the charge nurses responsibility to make the decision on proper emergency protocol for safe patient handling. There should be a contingency plan in place in all hospitals to adhere to during a crisis situation. Comprehensive Emergency Management Plans (CEMP) is used in Florida for all hospitals for emergency and non-emergency situations. The CEMP is responsible for the government, private, volunteer and non-governmental organizations consisting of the State Emergency Response Team (SERT). It helps with a basic process for awareness, recovery, response, and mitigates activities of the SERT. The CEMP ensures that all levels of government are able to mobilize as a unified emergency organization to safeguard the well-being of the state’s residents and visitors (Florida Disaster, 2016). CEMP provides a framework which doesn’t depend on any particular individual or situation but adjustable to the situation. A disaster contingency plan is prepared in every organization to respond to an emergency and the impact it can have to the people. Having a contingency plan in place can save time and confusion during a crisis. A contingency plan takes the guessing out of the situation and...

Words: 968 - Pages: 4

Free Essay

Sdjfn;

...natural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that follownatural disasters and the decisions that......

Words: 313 - Pages: 2

Premium Essay

Principle Based Ethics

... In this type of situation, it appears that one of the ethical principles that supports raising prices in the wake of natural disasters would be consequentialism. Consequentialism is a general approach to moral decision making based on the consequences of the action (Module TUI, 2015). This is due to the fact that raising prices in the wake of natural disasters results in a positive or beneficial outcome for the business owners, that have the right to increase the profitability of their business by any legal means at their disposal. One think that an ethical principle that is in opposition to raising prices in the wake of natural disasters would be utilitarianism, because raising prices in the wake of natural disasters would not provide the greatest good for all of those involved in the situation. This all due to the fact that, business owners would greatly benefit from raising the prices due to the fact that they will increase their profitability from the sales of their products, whereas the consumers would be detrimentally impacted by having to pay much more money for goods and services that they need at such a trying time. One also thinks that the Kantian ethical principles would be in opposition to raising prices in the wake of national disasters, because raising prices would not be motivated by good intentions in respect to helping individuals that are in dire straits, but would be motivated by greed, which is......

Words: 601 - Pages: 3

Premium Essay

Securty and Privacy (Natural Disaster)

...Security and Privacy (Natural Disaster) Security and privacy is important in the healthcare industry the ABC Health Care Network located at 1326 S Dixie Hwy on the Gulf Coast in Naples, Florida. The mission of the establishment is excellent quality services to our patients the goal is to promote wellness. The activities in achieving “formulation of strategy involves making decisions about the mission and goals of the organization and the activities and initiatives it will undertake to achieve that mission and those goals” (Wager, Lee, & Glaser, 2009, p. 318). The reasoning on instructing personal on what to say when a client what her or his personal health record and at the time is accessible. Drills are incorporated to train employees to remain calm in the mist of chaos this creates implementation, which involves making decisions about how the organization structure itself, acquires skills, establishes capabilities, and alters processes in order to achieve the goals and carry out the activities defined during formulation” (2009, p. 318). According to the Sun Sentinel the tribune newspaper website, there has been 37 major hurricanes since 1851 in Florida (Keye, March 16, 2014, p. 1). The importance of knowing the kinds of disasters that occur in the area will ensure readiness. Florida’s disasters is hurricanes, California it is earth quacks, and Oklahoma has tornadoes. Knowing the time table of the natural disasters in the area, and having drills ensures a less stressful......

Words: 1604 - Pages: 7

Premium Essay

Decision in Paradise Part 1 (Walmart)

...Decisions in Paradise, Part 1 Brandy N. Salyer MGT/350 February 13, 2012 Mark Hudson Decisions in Paradise, Part 1 Kava is an island country in South Pacific that has been plagued with unfortunate circumstances that have brought about one disaster after another. This country is in dire need of some help and aid in the situation of getting the country cleaned up and on its way to recovery. My job is to create a plan that would help Kava recover from the disaster and bring some economic stability to the country with the help of the Walmart Corporation. Some issues that will need to be taken into consideration is that over 50% of the people are under 15 years old and many of the natural disasters threats that the area faces. The company will need make sure that the mix of language and ethnicity is also taken into consideration. Walmart is about saving people money so that they can live better and that is what Walmart is going to bring to Kava. Walmart as a company is dedicated to helping the community and would help Kava try to recover from all the disasters they have gone through. Today, Walmart International is a fast-growing part of Walmart's overall operations, with 5,366 stores and approximately 740,000 associates in 27 countries outside the continental U.S. (Walmart Corporate, 2012). Walmart is looking to make Kava another part of its international business but there are many obstacles that the company needs to do before opening its doors in Kava. At Walmart,......

Words: 857 - Pages: 4