Risk Management Process

Risk Management Process Introduction Risk is imminent in any industry that a business organization may be operating. As a result, it is incumbent upon the management to put in place measures that will ensure adequate prevention of any possible risk. Risk management process has been defined as a process through which an organization plans and executes organizational activities with the aim of reducing or even avoiding effects of risks.Advertising We will write a custom report sample on Risk Management Process specifically for you for only $16.05 $11/page Learn More It is important, however, to note that it is capital and income of organizations that are shielded against risk. It should also be noted that for a typical risk management program to be effective, various vital components must be taken into consideration. Risk identification To begin with, it is important to note that one will be fight a futile war if the enemy is not known. Consequently, it is paramount that any risk man agement program begins by identifying which risks are most likely to occur and therefore affect the business. It is only after identification of the risk that it can be feasible to investigate causes of the risk. The risk identification step should also include the identification of events or activities of the organization that are most likely to trigger risks. The manner in which management may chose to carry out the risk identification process usually depends on the business environment, culture as well as the regulations in place. Risk Assessment Risk identification enumerates the risks that can occur, but does not say anything about the most prevalent or the most severe risk. However, for proper risk management it is important for the firm to know which risks can easily occur and which ones have the highest effects on the company assets or income. Consequently, risk assessment to categorize the possible risks according to their probability of occurrence and severity of impact is crucial. It is imperative to note that risk assessment also involves determination of the assets that are vulnerable incase a given risk occurs. However, risk assessment has one draw back which is its inability to precisely determine the pace at which various risks can occur. This is due to the unavailability of reliable statistics hence a higher degree of inaccuracy. Nevertheless, this component of risk management program is vital in assisting management to prioritize its actions. Risk Handling Risk handling involves the process by which strategies to tackle each risk are formulated and implemented. In addition, it includes the prioritization of the strategies in order to cater for the most crucial assets. The ultimate goal of any risk management program is to avoid any risk to the organization. However, it is practically impossible that risks can be completely avoided by any organization no matter how perfect the risk management program may be.Advertising Looking for repo rt on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More As a result, the programs aim to avoid the risk if possible or transfer the risk whenever necessary to institutions or people well placed to take the risk. Nevertheless, there comes a time when the firm cannot avoid some risks. In such a scenario, the management may choose to mitigate the effects of the risk or accept the risk either partially or in full. Whichever the strategy that a firm may choose, its priority should be to safeguard the organization’s capital, assets and income. Conclusion Risk management is not an easy or direct process as many may have wished it to be. Besides being influenced by uncontrollable conditions, it is clouded by a lot of uncertainties which leads to inaccuracies in decision making. Nonetheless, it is a crucial part of organization procedures and has to be undertaken. Therefore, it is upon the management of any organization to ensure that efforts are made to get the most appropriate risk management program implemented.

The Anticoagulation Therapy Essays

The Anticoagulation Therapy Essays The Anticoagulation Therapy Essay The Anticoagulation Therapy Essay Introduction Deep venous thrombosis condition affects a significant amount of population in the United States. Other conditions have symptoms similar to those of the disease and therefore its detection takes time. The condition requires serious medical attention since the patient is prone to other complications attracted by the lack of proper treatment. A substantial amount of deaths is associated with the condition making it necessary to find the right treatment to suppress it. Summary An anticoagulant therapy for deep venous thrombosis prevents the clotting of blood in the bloodstream. It involves the use of medicine to make the blood thin hence prevent the formation of a clot. Research has shown that anticoagulants have been significantly improving the health of people having the Deep Venous Thrombosis (DVT). This has contributed to the prevention of recurrence of the blood clots after undergoing treatment hence it is an effective mode of administering treatment to people with this condition. The therapy uses Heparin as an anticoagulant. The two types of heparin used in treatment of DVT are unfractionated and low-molecular weight heparin. Research has proven that both have the similar effects on the therapy procedure hence none of them claims superiority over the other in terms of results. The heparin is induced into the body through injection and the health providers undertake outpatient treatments where the DVT case is not complicated, and the patients are allowed to administer the heparin for themselves. Other types of anticoagulants include warfarin and Pradaxa, ingested orally into the body. However, this has to be accompanied by long-term anticoagulation after the first treatment. The medication has prevented deaths that would have occurred due to this condition and symptoms for the condition have been improved. It has also contributed to the reduction in the incidence of DVT in the population. The patients at a great risk of contracting this disorder due to family history have also benefited tremendously since anticoagulation can be used as a preventive measure for the disorder. The treatment also leaves the patients with no observable complications arising from the administering of the anticoagulants into their body system. Known Terminologies Recurrent DVT anticoagulant Unknown Terminology Pulmonary embolism is a condition where the lungs experience blockage of its main artery often due to Deep Venous Thrombosis. The substance that causes the blockage travels through the bloodstream from its point of entry in any part of the body. This causes difficulty in breathing and chest pains during breathing which is as a result of poor oxygen circulation in the body which also causes a faster heart rate. The condition also causes a reduction in blood flow to the lungs for pumping to the body hence causes the patient to collapse or die. Anticoagulation is used as a form of treatment for the condition. When heparin treatment starts, the doctors inject the heparin into the blood stream continuously for some time until the accepted level of heparin in the body is reached. This works in the introduction of the right amount of the anticoagulant into the body for the performance of the therapy session. Continuous anticoagulant ingestion reduces the chances of experiencing recurrent thrombosis. Conclusion However, the anticoagulant therapy for deep venous thrombosis is not a perfect mode of treatment despite been highly recommended for its efficiency. There is a risk of experiencing significant bleeding after the procedure since the anticoagulant is meant to prevent the clotting of blood in the body. The lack of ability of blood to clot could lead to excessive bleeding, which if not stopped in time may result in death. The patients should, therefore, avoid situations that may cause such an occurrence. The therapy could also result in itching, development of rashes, fragile skin prone to bruising and under skin bleeding. The administering of this kind of medication requires consistency since inconsistent dosage may have vital side effects since many blood clots would be formed in the bloodstream preventing blood circulation to various parts of the body. The symptoms vary depending on the risk factors faced by the patient hence the effect of the therapy varies. Scheimber Donald. Advantages of Anticoagulant Therapy: General Principles of Anticoagulant in Deep Venous Thrombosis. March 29, 2011. Web. March 18, 2013

Emma Watsons Speech on Masculinity

Emma Watson's Speech on Masculinity Emma Watson, British actor and Goodwill Ambassador for UN Women, said many smart, important, sociologically informed things during her speech on gender equality  at the UN on September 20, 2014. Surprisingly,  the most important words of Ms. Watson  did not have to do with women and girls, but rather with men and boys. She said: We don’t often talk about men being imprisoned by gender stereotypes, but I can see that they are, and that when they are free, things will change for women as a natural consequence. If men don’t have to be aggressive in order to be accepted, women won’t feel compelled to be submissive.  If men don’t have to control, women won’t have to be controlled. Ms. Watson tips her hat to a multitude of deeply important  social science research in these three short sentences. This research grows  in breadth by the day, and is seen as increasingly important by the sociological community, and by feminist activists,  in  the fight for gender equality. She doesnt use the word herself, but what Ms. Watson refers to here is masculinitythe collection of behaviors, practices, embodiments, ideas, and values that come to be associated with male bodies. Recently, but historically too, social scientists and writers from a range of disciplines are paying critical attention to the way commonly held beliefs about masculinity, and how best to do it or achieve it, result in serious, widespread, violent social problems. The  list of how masculinity and social problems  are connected is a long, diverse, and horrifying one. It includes that which specifically targets women and girls, like sexualized and gendered violence. Many sociologists, like Patricia Hill Collins, C.J. Pascoe, and Lisa Wade, have studied and proven the connection between the masculine ideals of power and control, and widespread physical and sexual violence against women and girls. Sociologists who study these troubling phenomena point out that these are not crimes of passion, but of power. They are meant to elicit submission and subservience from those targeted, even in what some would consider to be their less serious forms, like street harassment and verbal abuse. (For the record, these too  are very serious problems.) In her book, Dude, Youre a Fag: Masculinity and Sexuality in High School,  an instant classic among sociologists, C.J. Pascoe showed through over a years worth of research how boys are socialized to adopt and perform a dominant, aggressive, controlling, and sexualized version of masculinity. This kind of masculinity, the idealized norm in our society, requires that boys and men control girls and women. Their status in society, and inclusion in the category men depends upon it. Of course there are other social forces at play as well, but the powerful socializing force of this dominant notion of masculinity is a key contributor to the widespread rates of sexual assault and  violence against women and girls- and against gay, lesbian, queer, and trans people too- that plague our society. That violence, though, is not only targeted at women, girls, and folks who do not fit within the rigid frameworks of heterosexuality and gender norms. It plagues the lives of normal  men and boys too, as they fight and kill  in defense of their masculine honor. Studies have found that the everyday violence within inner-city communities results in rates of PTSD among youth that exceed those among  combat veterans. Recently, Victor Rios, Associate Professor of Sociology at University of California-Santa Barbara, who has researched and written extensively about the connection between idealized masculinity and violence, founded a Facebook page dedicated to raising awareness about this issue. (Check out Boys and Guns: Masculinity in a Culture of Mass Shootings, to learn more about sociological research on this issue.) Looking beyond  our immediate communities, sociologists  make the case that this insidious link between masculinity and violence fuels many of the wars that rage across our world, as bombs, bullets, and chemical warfare batter populations into political submission. So too, many sociologists see ideologies of idealized masculinity present in the economic, environmental, and social violence wrought by global capitalism. Of these issues, celebrated sociologist Patricia Hill Collins would argue that these forms of domination are achieved by a form of power based not just on masculinity and the power structure of patriarchy, but how these intersect and overlap with racism, classism, xenophobia, and homophobia. The ideal of masculinity hurts women economically too, by casting us  as the weaker, less valuable counterparts to men, which serves to justify the gender pay gap. It bars us  from access to higher education and jobs, by framing us  as less worthy of the time and consideration of those in positions of power. It denies us  rights to autonomy in our own healthcare decisions, and prohibits us from having parity in political representation. It casts us as sex objects who exist to give pleasure to men, at the expense of our own pleasure and fulfillment. By sexualizing our bodies, it casts  them as tempting, dangerous, in need of control, and as having asked for it when we are harassed and assaulted. While the litany of social problems that harm women and girls is both infuriating and depressing, what is encouraging is that they are discussed with more frequency and openness by the day. Seeing a problem, naming it, and raising awareness about it are crucial first steps on the road to change. This is why Ms. Watsons words about men and boys are so important. A global public figure with an enormous social media platform and vast media coverage, in her speech she illuminated the historically quiet  ways in which idealized masculinity has harmed boys and men. Importantly,  Ms. Watson tuned into the emotional and psychological consequences of this issue: I’ve seen young men suffering from mental illness, unable to ask for help for fear it would make them less of a man. In fact, in the UK, suicide is the biggest killer of men between 20 to 49, eclipsing road accidents, cancer and coronary heart disease. I’ve seen men made fragile and insecure by a distorted sense of what constitutes male success. Men don’t have the benefits of equality, either......Both men and women should feel free to be sensitive. Both men and women should feel free to be strong......I want men to take up this mantle so that their daughters, sisters, and mothers can be free from prejudice, but also so that their sons have permission to be vulnerable and human too, reclaim those parts of themselves they abandoned, and in doing so, be a more true and complete version of themselves. Brava, Ms. Watson. You simply, eloquently, and compelling illustrated why gender inequality is a problem for men and boys too, and why the fight for equality is also theirs. You named the problem, and powerfully argued why it must be addressed.  We thank you for it. Click here to learn more about the UNs HeForShe campaign for gender equality, and pledge your support to the cause.

Using SAP in Electronic Government Essay Example | Topics and Well Written Essays - 3250 words

Using SAP in Electronic Government - Essay Example The study finds that immediate concerns are technical in nature, including weakness in the IT infrastructure, lack of knowledge, inadequacy in security and privacy of information, and lack of training of personnel. In the longer term, socio-cultural factors and a governance system that allows for e-Democracy are salient factors. For now, SAP assistance and programs promise to contribute much towards the technical and structural foundation of a robust e-government system. The impetus to develop e-government capability is a primary concern of all nations, particularly the member states of the United Nations, which has made it a priority initiative. Saudi Arabia is expected to play a pivotal role in e-government establishment in the Middle East region, not in small part due to the UN assessment that it is one of the more advanced Arab nations in information and communications technology (ICT). The business sector has long forged ahead in ICT applications, and further development of the nation necessitates the adoption of ICT in making the government more responsive and interactive with the citizenry and business sector. The challenges that tend to impede e-government development must be first addressed in order for efforts to be successful. The main purpose of this research consists of three axes. First, the definition of SAP and its characteristics. Second, identify the E-Government and know its components. Moreover, identify the challenges that facing e-government. Finally, the role of SAP in reducing these challenges and the development of e-government shall be discussed. The Systems Application Products (SAP) portfolio is a modular system, meaning that the software is packaged separately according to its various functions. The modular feature of this system allows it a great amount of versatility, making it suitable for application in small and medium scale enterprises, large-scale business corporations, and even

Penal Station Objectives Essay Example | Topics and Well Written Essays - 2000 words

Penal Station Objectives - Essay Example The first penal station was established at Newcastle in 1804 and the convicts were put to labor mining for coal and cutting cedar tree. However, with the settlements of the Hunter Valley with colonists, Newcastle was no longer as isolated as it was when it started. And so Port Macquarie was established, and Newcastle closed in 1824. However, Port Macquarie experienced frequent successful escapes, and following an inspection by Commissioner Bigge it was determined that other colony stations be created, and emphasized the need for these convicts to be separated and isolated from the remaining population. As a consequence the Governor of Brisbane developed a penal station at Moreton Bay in 1825. Norfolk Island was also reoccupied, having been abandoned in 1813. The worst criminals were sent to Norfolk Island, and those guilty of lesser offences were transported to Moreton Bay. Meanwhile in Van Dieman's Land a penal station was first established in 1822 at Macquarie Harbour, as it was more difficult to escape from. Unfortunately there were issues with access to the Harbour, and so convicts with minor offenses were sent to another penal station established at nearby Maria Island in 1825. Due to escalating cost though, Lieutenant-=Governor Arthur decided to develop another colony, an din 1830 Port Arthur was established on the Tasman's Peninsula, and in the closing of Macquarie Harbor and Maria Island1.There was a distinct awareness among the governors of the settlements at this time that there was a clear need to portray transportation as an "object of terror," to enable effective and efficient deterrence to future criminal activity in Britain 4,5,6. Subsequently, governors incorporated into their policies, statements that would substantiate the concept of transportation as an act "worse than death". Thus, one of the primary objectives of the penal stations , was to deter others from committing crimes.Another primary objective was for the convicts to be given constant employment, preferably in hard labor4. This was to enable a rigid form of discipline among the convicts, and to provide supervisors and governors with a way to systematically and in a standardized way to oversee the incarceration of the convicts. By way of isolation from the luxuries that were available to the settlements it was anticipated that the third objective could be met, which was reforming of character. As such, it was expected that a number of the transported convicts would become rehabilitate through isolation1, hard labor and the habit making of discipline, as well as perhaps learning new skills such as agriculture, and so return to society as a contributing member. 1 Reynolds, J (1982) The penal stations of New South Wales and Van Dieman's Land. p. 356 4. Shannon. (1968) J.T.Bigge "Report to the Commissioner of Inquiry' British Parliamentary Papers: Colonies,

Logics - Analysis of an Article by Peter Kreeft Essay

Logics - Analysis of an Article by Peter Kreeft - Essay Example Apart from many articles, he has written many books such as The Snakebite Letters, The Philosophy of Jesus, The Journey: A Spiritual Roadmap for Modern Pilgrims, Prayer: The Great Conversation: Straight Answers to Tough Questions About Prayer etc. The major idea behind this article â€Å"The Apple Argument Against Abortion† is to educate people about the consequences of performing abortion. Peter Kreeft argues against abortion in a philosophical manner throughout this article. He is making in depth analysis of the abortion issue with the help of answering certain questions like Who human are, what are the rights of human, why abortion is wrong etc and topics such as basis of morality, differences between the rights of all people and the rights of some people, arguments from skepticism etc. He also tries to analyze different cases with respect to abortion by taking different combinations such as; The fetus is a person, and we know that The fetus is a person, but we don't know t hat The fetus isn't a person, but we don't know that The fetus isn't a person, and we know that (Kreeft, 2000) Approach This article is mainly analytical in nature. The author tries to avoid the use of any instinctive methods in this article. He has analyzed abortion from various angles. Different dimensions of abortion were beautifully explained in this article. For example, the author took the example of an apple and the understanding of ordinary people about it, to attract the attention of the readers towards the topic. Since the author is a philosopher, a philosophical approach can be visible throughout this article. He explains various dimensions of abortion with the help of comparisons, analogies etc. It is difficult for ordinary people to understand the problems associated with abortion, especially the moral issues. The author tries to explain all those issues in a simple, but comprehensive manner so that anybody who decide to perform abortion may think twice or thrice before doing so, after reading this article. In short, the author succeeded in persuading the readers of this article to argue against abortion. Different kinds of reasoning in the article Inductive, deductive, causal and analogical reasoning techniques were used throughout this article. The following paragraph is an example of an inductive argument present in this article. I have heard it argued that we do not treat any other species in the traditional way — that is, we do not assign equal rights to all mice. Some we kill (those that get into our houses and prove to be pests); others we take good care of and preserve (those that we find useful in laboratory experiments or those we adopt as pets); still others we simply ignore (mice in the wild). The argument concludes that therefore, it is only sentiment or tradition (the two are often confused, as if nothing rational could be passed down by tradition) that assigns rights to all members of our own species (Kreeft, 2000). The above argument is an example of inductive reasoning. It is not necessary that the argument needs to be 100% right to make it as an example of inductive reasoning. It should be noted that cultures like Buddhism or Jainism treats any type of killing - killing of animal or killing of human - as a sin. But cultures like Islam or Christianity do not treat killing of animals as a sin. In short, the above argument may not be conclusive or correct everywhere, but it helps the author to strengthen his arguments

Sampling Research Paper Example | Topics and Well Written Essays - 250 words

Sampling - Research Paper Example The records from the university showed that there was a sample of 1000 alumni. The survey design will utilize control categories to obtain a representative sample from the main list. The research will list the following control categories. The sex category has a larger percentage for males. The decision was arrived at because women are fewer than men. The slightly higher percentage increased their likelihood of selection. Age categories relied on recent alumni of the university. The larger percentage of 31-35 was necessary to share experiences of those who have been in the job market based on the old training program. Other categories would include; income levels based on employment or unemployment. The last category would be educational levels assessed based on secondary, tertiary or college levels.Alumni Quota sample for alumni on new training on development program Kuwaiti bank survey aims at evaluating how banking habits differ from different ethnic groups. The researcher utilizes the systematic sampling technique in which a sample is chosen by selecting a random starting point and then picking every 5th household. The sample interval is determined from the universe that totals 200000 people. Nassipur (2004) argues that when a sample is too small, the generalizability of the findings becomes difficult. When it is too small it becomes meaningless when analyzed. Besides, when the resources and time are limited a smaller sample becomes justified. The desired sample is 1500. The sample interval shall be 133. That means every 133th household has a likelihood of selection. The population resides in a geographically ordered area where tribes live alongside each other. The sample shall be distributed according to population size per region. A triangulation of sampling quota and systematic techniques will be utilized as follows. The orderly nature of geographical distribution will increase