...Risk Management: Task 1A Dave Christian Western Governors University Author Note Research conducted by Dave Christian, College of Business, Western Governors University. Dave Christian is now founder at Helpology. This paper is referenced as an American Psychological Association (APA) research paper template available for free, worldwide use at Helpology (helpology.org) categorized under: Helpology Lifelist/Respect/Writing/FREE Helpology APA. Correspondence concerning this paper should be addressed to Dave Christian, Founder, Helpology, 2340 E. University Dr., Lot 85, Tempe, AZ 85281; Phone: (480) 331-9631; Email: Mr.Dave.Christian@gmail.com; Web site: helpology.org. Risk Management: Task 1A One of the world's wealthiest investors of all time, Warren Buffett (n.d.), said, "Risk comes from not knowing what you're doing." Furthermore, "Denial is a common tactic that substitutes deliberate ignorance for thoughtful planning," said risk management author Charles Tremper (n.d.). As a newly hired consultant, we have been tasked with the duties of creating and presenting a risk management/business contingency plan for our first client. The legal department and the IT department have both expressed concerns regarding the ethical use and protection of sensitive data, customer records, and other information systems content. In the interest of creating confidence and job satisfaction in this new position, our new employer has decided to let us select our first client...
Words: 3363 - Pages: 14
...JDT2 Task 2 | The Business of Ethics | | | | JDT2 Task 2 The Business of Ethics * Metal whistle contains small traces of lead. * Primary market: Elementary schools. * Large shipment to be shipped to South America by week’s end. * Cost to reproduce and repackage toy collection, $100,000. The Business of Ethics * Metal whistle contains small traces of lead. * Primary market: Elementary schools. * Large shipment to be shipped to South America by week’s end. * Cost to reproduce and repackage toy collection, $100,000. The Business of Ethics Metal Whistles in Elementary School Toy Collection Recently, it has been discovered that the toy collection that is planned to be sent at week’s end to elementary schools in South America, did not pass U.S. satisfactory limits for children ages 7 and younger due to the metal whistle included in the toy collection containing small traces of lead. Listed below are three possible alternatives that have been identified to address the whistle problem. 1. Replace the metal whistle with a plastic whistle. 2. Find an alternative toy, i.e. flash cards, rubber ball, stickers to replace the metal whistle. 3. Remove the metal whistle from the toy collection. The Utilitarian Method was used for selecting the alternatives, as this method evaluates an act in the nomenclatures of consequences or outcomes. It endeavors to accomplish the maximum good for the maximum amount while producing...
Words: 1623 - Pages: 7
...Utah Opera & Symphony Merger JFT2 Organizational Management ~ Task 1 Western Governors University January 22, 2012 THEORY OF MOTIVATION In order to support the merger, Bill Bailey needs to address his subordinates with the merger in a supportive way. The Utah Opera Organization and the Utah Symphony are both dealing with surmountable obstacles in regards to the survival of the arts. It would be beneficial in the long run, for the future of the arts to stand as one mighty organization rather than two separate entities. There has always been strength in numbers. Bill Bailey can support the merger using McClellard’s Need Theory. The merger will give the Opera a chance to overcome their current issues with finances and production. The need for achievement which indicates a desire to accomplish something difficult is a prime example of why the merger should be supported. (Kreitner, 2008). The Opera is under pending stress and without the merger the Opera may not survive in the long run. With the merger the Opera will have a better chance of success and achievement. The merger will also increase the affiliations the Opera currently has. Social relationships are fundamental for the success of the merge. These relationships will help ensure the future success of the merge. The merger also brings the opportunity to teach and encourage each member from the other company. The merge will bring new goals to help achieve optimal success. McClellard’s...
Words: 1340 - Pages: 6
...Task 2 Financial and Leadership Strengths and Weaknesses of the Utah Symphony The financial strengths of the Utah Symphony will now be addressed. One financial strength of the Symphony is the amount of endowments it receives. There are two groups, I and II, which receive endowments. The Utah symphony is in group II and that group gets an average of $8.8 Million per year (Delong & Ager, 2005, p. 4). Another major strength would be the amount of revenue brought in by performances. The 2000-2001 season saw revenue at over $3 million and the projected amount for the next season is over $4 million. The total amount between contribution, endowments, and revenue is over $12 million for the 2000-2001 season and is projected to be over $13 million for the next (Delong & Ager, 2005, p. 15). The financial weaknesses for the Symphony are almost as much as the strengths however. The major weakness in this organization is the salaries and benefits for the musicians. Because they are under contract, the musicians have a set salary with periodic increases. The expense for this is over $10 million (Delong & Ager, 2005, p. 15). This ends up being a huge expense and leaves very little in the way of profit. Another item that adds to the financial weakness is the fact that ticket prices are projected to only increase by 1% while expenses are expected to increase by at least 2.5% (Delong & Ager, 2005). With expenses increasing by a greater rate than income, this will have a detrimental effect...
Words: 3121 - Pages: 13
...The main thing to consider in all of these aspects would be the trends in healthcare. What are other organizations doing? This summary will take a look at the advantages and disadvantages of building, leasing or renting a new facility for the orthopedic line at Trinity Community Hospital. Hospital construction, like most other construction, continues to struggle to recover from the years of economic hardship. Advantages 1. Building- 5,000 sq. feet PT center- $120 per sq. foot- $600,000 The facility would be new and the hospital would have complete control over the design of the expansion. This would give us access the also make modification without approval from any outside parties. With this process the hospital would be able to make energy efficient modifications that might be present in the current facility. These processes would be able to save the hospital on operating cost and set a leading role for healthcare facilities that are going “green”. Building a new facility would help increase in value which would also in turn increase the equity of the hospital. The hospital will also have the ability of leasing any extra space which would build revenue. 2. Leasing- 5000 sq. foot MOB adjacent to hospital-$20 per sq. foot With leasing, the hospital would not have to risk any investment losses that might occur when building or buying a facility. ***One major advantage to this is that there is not as much cash needed up front in order to occupy the space. There...
Words: 773 - Pages: 4
...----------------------- Employers • Protect the safety and health of employees and people who may be affected • Conducting risk assessments • Maintaing safe facilities • Developing and implementing control measures • Providing adequate information and training Workers • Follow safety procedures • Using equipments in proper manner • Must not engage in negligent acts • Introduce activities which are safe for the members’ level of readiness Members • Dress appropriately • Remove jewellery and ornaments that may present a threat to safety • Secure long hair and spectacles prior to start of activities • Maintain cleanliness of equipments and personal hygiene levels • Promote the use of relevant safety equipment • Be free of any physical injury that affects their capacity to participate Occupational Health & Safety Guide Body Beautiful RESPONSIBILITIES OF STAKEHOLDERS A fundamental part of the new framework to cultivate good safety habits in individuals in order to create a strong safety culture in the workplace. It requires stakeholders to implement reasonable measure to ensure the safety and health of employees and everyone affected by the environment. Purpose of OHS Act Body Beautiful KAPLAN CITY CAMPUS 8 WILKIE ROAD, LEVEL 5, WILKIE EDGE Singapore 228095 Importance for Safety Management General • Transfer of information between trainers • Injury due...
Words: 380 - Pages: 2
...1. Bill Bailey could use Maslow’s theory of motivation in order to show support of the merger by appealing to people’s most pressing needs within the Utah Opera Organization. (Krietner, 2010) People ultimately react in a way that serves their own needs and aspirations. Bill Bailey would need to tap into those needs in order to make sure the merger goes as smoothly as possible. The first need that would have to be satisfied would be the physiological which would include hunger and sleep. In this setting Bill Bailey would need to make sure that these people had sufficient wages to live on and would continue to be working in acceptable conditions. Once this need has been met an individual would then be concerned with their safety and security. The staff of the Utah Opera Organization would need to know that their jobs were safe and would not be lost in the merger. If there is a constant threat of job loss the staff is under a lot of stress to try and maintain their position in the company. The next concern would be an individual’s sense of belonging. They would want to know that they will still belong to the group and were accepted in the group. If the merger were to take place I believe it would be important to let the staff know about the merger and all what would be taking place as the merger progressed. After the staff has a feeling of belonging they will be motivated by a desire for esteem. They would need to feel and be recognized that they have some value. When...
Words: 1396 - Pages: 6
...A. Profit maximization is the act of seeking 1. Total revenue = income generated by business Total cost = fixed costs + marginal costs Accounting profit from this standpoint is total revenue – the total cost = profit. Profit maximization from this standpoint is quite simply increasing your profit to as high a level as possible. 2. Marginal cost is the extra cost incurred per additional unit of product Marginal revenue is the extra revenue generated per additional unit of product A firm looking for profit maximization from the marginal revenue to marginal cost perspective is going to find the intersecting point between marginal revenue and marginal cost. Profit maximization occurs when marginal revenue equals zero but never below. B. Marginal revenue is the extra revenue that is added for every unit of output that is added. For Company A, marginal revenue follows a steady decrease as additional units are added. C. Marginal cost is calculated as additional costs that are incurred for each additional unit of output that is added. For Company A, marginal cost follows a steady increase as additional units are added. D. Company A can reach profit maximization when they produce 8 units of product. It is at this point that marginal cost and marginal revenue intersect and they are able to attain the highest level of profit. E. If marginal revenue is greater than marginal cost then output should be increased until they are equal F. Subsequently, if marginal cost is...
Words: 271 - Pages: 2
...David Nygaard December 11, 2014 BUSA 300-2 The Four Ps of Marketing Before starting a business a person needs to think about many things; what are they going to sell, how their business will be structured, will they be publically owned etc. But some of the most important questions that need to be addressed come from the Four Ps of Marketing. The four Ps are: Product, Place, Price and Promotion. In simple terms it goes like this; what are you going to sell? Where are you going to sell it? How much will it cost and how will you get the word out about your product, if it were only that simple. Let’s take a look at three big companies and see how they answered these integral questions about their companies. WALMART/SAM’S CLUB Product WALMART/SAM’S CLUB has been one of the most successful companies of our day. They have been able to produce a massive company that has available everything that you might need. From car batteries to the shirt on your back, they have been able to get a foot hold in almost every market. Their product breakdown consists of: Grocery 56%, entertainment 11%, health and wellness 10%, hardlines 9%, apparel 7% and Home 7%. At their stores you can get tools to repair your care and also get dinner for the night all in one stop. Their products have successfully met the needs and wants of virtually everyone that has a need to go shopping. The reason why their products out shines their competitors is because it is the one stop shop for everyone...
Words: 3131 - Pages: 13
...Parkland hospital was first built as a charity hospital in 1894 in Dallas Texas. It is also historically known as the hospital where President John F. Kennedy was rushed to after he was fatally wounded in 1963 by an assassin. Since then Parkland Hospital has morphed into a billion dollar organization where patients from all different backgrounds come seeking medical attention on a daily basis. How has it come to be this way? There could be many reasons. One could argue that the introduction of Medicare and Medicaid contributed tremendously to Parkland's growth. Before 1965 Parkland Hospital has always seen a steady growth, but shortly after the signing of Medicare and Medicaid into law in 1965, there was a sudden spike in growth activity within Parkland's organization. This growth could have been contributed to the influx of money coming in from medicare payments going to the hospital. Three years after the Medicare and Medicaid was signed into law beginning from 1968 through 1973, Parkland opened 9 new specialty care units. In 1978 Parkland had to form a patient care committee to review Medicare and patient services studies and to look at ways to ensure Parkland's long-term viability (Parkland, 2014). At this present time Parkland hospital has 861 adult beds, 107 neonatal beds and a number of clinics in the surrounding neighborhoods . They see a combination of indigent, elderly, psychiatric and inmate patients everyday. According to Parkland's 2013 financial summary...
Words: 1215 - Pages: 5
...Identify Motherboard Components and Form Factors (Hands-on) Question #1 1. Locate Information on the LGA 1156. * The LGA 1156 is an Intel desktop CPU socket. The processors it is used with are the following. * PCI-Express 2.0 ×16 for communication with a graphics card. * DMI for communication with the Platform Controller Hub (PCH). * FDI for communication with the PCH. * Two memory channels for communication and backup communication. Question #2 2. Locate Information on the LGA H55 Chipset * The H55 (Ibex Peak) is an Intel chipset designed to provide the interface for the PCI express lanes on a motherboard. It is used with the following processors. * Supports the Intel Core i7 / i5 / i3 / Pentium Processors in the LGA1156 Package. * Intel H55 single chip architecture * 5 Phases Power Design * Support 2-DIMM 1600(OC)/1333/1066 * Integrated HDMI/DVI interface with HDCP Supporting all HD formats including 720P, 1080i, 1080P. ( Required processors with Intel HD Graphics ) * CPU integrated Graphics performance tunable via BIOS * Optimized to deliver full windows 7 Experience * Supports BIO-Remote 2 Technology * Supports Charger Booster Technology Question #3 3. Locate information on the Gigabyte GA-H55M-UD2H. * It is a motherboard used for the LGA1156 socket Intel processors. It is a H55 chipset, which isn't a good overclocking motherboard; it is mainly used for general systems without performance...
Words: 328 - Pages: 2
...Development and Diffusion of Human Society This essay reviews the development of human society in Mesopotamia, diffusion of the chariot, and the development of the United States of America. Development of Early Human Society in Mesopotamia It is widely recognized that human civilization began in Mesopotamia, before any other part of the world. This was regardless of the fact that life at the place was quite unpredictable (Brown, 2006). Mesopotamia is a Greek term, which means life between two rivers. Mesopotamia is a vast land between the Tigris and Euphrates rivers. Its land was both ideal for settlement and challenging at the same time, which contributed to the civilization of its inhabitants. The most significant physical geographical factor in Mesopotamia was the presence of many plants and animals that could be domesticated (Diamond, 1997). The land had fertile soils, thereby providing a good habitat for the plants and animals. They resulted from deposition of top-level soils from upper land and mountains, through the rivers. The fertile soils and the abundance of food allowed the farming to flourish, which caused the increase in human population. A further complement for agriculture was the presence of fertile soils. The Mesopotamians faced various challenges, which also contributed to the civilization. For instance, the climate, which was semi-arid and marked with annual unpredictable floods between, was a major challenge. Therefore, as the population figured out how...
Words: 737 - Pages: 3
... | Daytime | | Evening/Mobile | | Email address | | Company name | | Training date(s) | | Training location | | Trainer’s name | | Assessment due date | | Date submitted | | Submission Date | | Resubmit 1 | | Resubmit 2 | | Purpose of the assessment The purpose of this assessment task is to assess evidence for part of a unit/s of competency which in full will lead towards a nationally-accredited qualification I acknowledge the following (all boxes need to be ticked) ❏ The assessment process has been explained to me ❏ I am ready to commence the assessment process. I have been advised of the assessment requirements, my rights and responsibilities as an assessment candidate, and I choose to be assessed at this time ❏ I understand which unit/s to complete, evidence I need to provide, and how to complete this document ❏ I understand my right of appeal, and this has been fully explained to me ❏ I have discussed with my trainer any special needs that should be considered when undertaking this assessment task | Candidate declaration - By signing/dating below, I declare that 1. I have been advised of the assessment requirements for this unit of competency, have been made aware of my rights and responsibilities as...
Words: 2880 - Pages: 12
...focused on an assigned role. Introduction 1. Definition of the no late work accepted policy 2. Applications of the policy Body 1. Primary intention of the No Late Work Accepted Policy 2. Situations when the No Late Work Accepted Policy may not be applicable 3. Advantages and disadvantages of the No Late Work Accepted Policy Conclusion 1. Current status of the No Late Work Accepted Policy in organizations No Late Work Accepted Policy ‘No Late Work Accepted Policy’ is a plan of action adopted by an institution or an individual in order to make firm the manner in which individuals manage their roles (Jha 22). The major aim of the policy is to ensure that individuals complete a task assigned within a given deadline. The policy has many merits. Primarily, it ensures that an individual keeps time. Thus, time management forms an essential ingredient of the No Late Work Accepted Policy and is particularly crucial in managing an individual’s career, and the improving an individual’s life (Jha 24). The No Late Work Accepted Policy seeks to ensure that individuals remain focused on an assigned role. The primary intention of the No Late Work Accepted Policy is to prohibit individuals from misusing the leniency previously accorded to submission of assigned tasks. Many people treat late tasks as an exceptional occurrence, as a result, many people have developed the habit of procrastination until the assigned task is overdue and the consequences may relate to penalties...
Words: 1149 - Pages: 5
...Shareholders A shareholder is a stakeholder in a company because they own shares in the company. Another reason that a shareholder is a stakeholder is because they provide funding for Monarch. On 15 November 2011 the shareholders provided £77 million of funding. Shareholders A shareholder is a stakeholder in a company because they own shares in the company. Another reason that a shareholder is a stakeholder is because they provide funding for Monarch. On 15 November 2011 the shareholders provided £77 million of funding. Monarch Stakeholders Introduction Monarch Airlines operates a fleet of 32 aircraft on scheduled and charter flights from a number of UK airports, including Birmingham, East Midlands, Leeds Bradford, London Gatwick, London Luton and Manchester. Flying to more than 50 destinations worldwide, it carries in excess of 6.5 million passengers every year. Competitors British Airways is a stakeholder in Monarch because they are competitors and they want their sales to increase. British Airways is a stakeholder because they are competing with Monarch to try and sell as many flights as possible. British Airways is a stakeholder in Monarch because they are affected by the decisions Monarch make. Employee An employee is a stakeholder because they work at Monarch. They are interested in the success of the company because they do not want Monarch to go out of business. This would make the employees at Monarch lose their jobs. Employees...
Words: 1661 - Pages: 7
