Saturday, January 25, 2020

Role of Risk Management in an Organisation

Role of Risk Management in an Organisation Task One – Individual Research Report The Task You are asked to research, critically examine and discuss the role of the ‘risk management’ function within an organisation. Examine and discuss the purpose of risk management within an enterprise. The purpose of risk management in an organization is to identify the possible problems before it occur in a business. Risk handling actions may be deliberated and raised as needed through the life of the creation or plan to alleviate opposing impacts on attaining objectives. Risk management is a constant and progressive process that is significant part of business. It address issues that endanger the achievement of objectives. Constant risk management method is practical to successfully expect and alleviate the risks that have serious impact on the plan. To have an effective risk management it should have a comprised aggressive and early risk documentation through the association and participation of related inventors. Technical issues are a main concern both early and during all plan stages. Risk management must deliberate both external and internal sources for schedule, cost, and technical risk. Examine and discuss the benefits of risk management within an enterprise There are a lot of benefits of risk management within an enterprise. Some of those are formation of a more risk that is focused on culture for the organization. In this the organization will implement ERM note that will increase the focus on risk. The senior ranks results in more conversation of risk at all levels. Discussion of risk and communication is recognized as a process to deliver information to senior management and also a way to segment risk information inside and through operations of the company. In that case it will let improved visions and decision making regarding risk at all levels. Regular risk reporting, ERM maintain better structure, broadcasting, and investigation of risks. Consistent reports can progress the focus of executive and directors by providing data that allows improved risk moderation decisions. Improved focus and perspective on risk. Efficient use of resources and effective coordination of regulatory and compliance matters. Examine and discuss each of the following risk management components explaining how they relate to the overall role of the ‘risk management’ function Reviewing of activities and internal environment The internal environment contains the manner of an organization, persuading the  risks awareness of its people, and the foundation for all other people. It provide  discipline and structure that the people will follow to avoid risk management. Internal  environment factors include an individual’s risk management and it over sight by the  board of directors its integrity, ethical values and competence of the individual. An  organization’s internal environment has a significant impact on how enterprise risk  management is implemented and functions on an ongoing basis. Setting objectives Objectives are set in every organization or business in order to evade risk management. Establishing a basis for operations, reporting, and compliance objectives. Every  Individual have a different risks from internal and external sources, and a qualification  active incident, documentation of risk assessment, and risk response to establish  objectives aligned with the individual risk desire which drives risk tolerance levels for  the object. Also objective is the guide that one business should follow  in order to have a good outcome. Event identification Management identifies potential event that will affect the individual and determines whether they represent opportunities that might adversely affect the individual ability to successfully implement strategy and they will achieve their objectives. Event should be positive impact so that no rick will develop in individual which will lead the management assessment and response. Risk assessment with particular reference to the impact and likelihood of risk Risk assessment allows a person to deliberate the level to which potential events have  an impact in achieving the objectives. In risk assessment it can be qualitative or  quantitative methods wherein they can used questionnaires that they can distributed to  the employee and the company or business owner will be able to determine what the  risk management problem in the company. They will assess it together with the top  management and the board to develop a certain solution that will help them  in resolving the risk management. Risk response plans After assessing the relevant risk, management now determines how will respond. Responses may include risk avoidance, reduction, sharing, and acceptance. In  seeing its response, management assesses the result on risk likelihood and impact,  as well as costs and benefits. Management identifies any opportunities that might be  available. At the completion of its risk response actions, management may have a view  of individual risks and responses and their place with associated acceptance. Control activities Procedure and policies that help ensure that the management risk respond is carried out  is the control activities. Also the activities happen all over the organization in all  functions and levels. Control activities include a variety of activities such as  reconciliations, authorizations, verifications, approval and reviews of operating  performance also segregation of duties and security of assets. Control activities generally  established to ensure risk responses are appropriately carried out by individual with  respect to certain objectives. Information and communication Relevant information is identified, taken, and communicated in a form and now the  people are given timeframe that enable them to carry out their responsibilities. Information gathered are generated as data. That information will provide the  management the risk that they need to resolved and making informed decisions relative  to objectives. Effective communication also have an important role in risk management,  it is one of the important factors in a company. All workers must get a clear message  from the management that enterprise risk management responsibilities must be taken  seriously. They should understand their own role in enterprise risk management, as well  as how they will relate the activities to their work and to the work of others. They must  have a means of communicating significant information upstream. There is also effective  communication with external parties, for example customers, suppliers, regulators, and  shareholders. Monitoring Enterprise risk management is monitoring and assessing the presence and functioning of its mechanisms over time. This is being done through ongoing monitoring activities. The management do evaluation to monitor the performance of the people. Through evaluation they will know if the people in the company are implementing the objectives and no risk management will happen. Ongoing monitoring occurs in the normal course of management activities. The opportunity and occurrence of separate evaluations will depend mainly on the assessment of risks and the effectiveness of constant monitoring actions. Enterprise risk management deficiencies are reported to top management and the board.

Friday, January 17, 2020

Morris Inn Written

Goring's and Rorer's- with local customers. Additionally, the strategies are put into place to increase returning customers on a regular basis. Our team is determined to improve the image of the Morris Inn and replace the dated concept that is currently associated with the Morris Inn. BACKGROUND The Morris Inn was built in 1 952 on the campus of the University of Notre Dame. Its construction was primarily funded by a generous donation from Ernest M. Morris, a 1906 alumnus of Notre Dame.In 2012 Ernestine Morris Carmichael Racial, the daughter of Ernest and Ella Morris, provided funding or the Morris Inn as a gift to the university. This renovation brought major improvements to the outdated Morris Inn, including expanding it from 92 rooms to 150 rooms, 18 of which are suites. The size of the beds improved from double and single sized beds to king and queen sized beds. In addition to the improvement in bed size, the renovation saw the introduction of the Irish tavern Rorer's and improve ments to the fine dining restaurant Goring's.Also, the new 24-hour fitness center, gift shop, and the Fireside Terrace, an outdoor extension of Rorer's that is complete with sofas, umbrellas, and fire its, are a result of this renovation. RECOMMENDATIONS Increase exposure efforts in the South Bend area, while focusing on specific target markets In order to encourage more locals to come onto Notre Dam?s campus to eat at either Goring's or Rorer's the first Step needed is to increase the exposure Of each establishment in the local community.Goring's a fine dining restaurant has a smaller target market, middle to upper class, but also faces less competition that Rorer's which faces heavy competition from other bars, particular Eddy's Street establishments. As a result the marketing program for Goring's and Rorer's will differ in that the efforts to expose Goring's must be concentrated and specified to reach small group, while Rorer's campaign can cover a broader target market. Because the target audience for Goring's will likely have a higher disposable income, marketing efforts for Goring's should be directed so that exposure towards higher income individuals will be maximized.Initially, the Morris Inn management should contact local businesses in an attempt to lure in business lunches and dinners, which historically are held at higher end establishments. Emails, calls and mail advertisements are all possible means of alerting the local business communities to the possibility using Goring's for meetings. Furthermore, the University is heavily involved in the local economy, and taking out partners, donors, clients and other business affiliates to dinners at Goring's will help to increase exposure for the restaurant in the local business community.Also, to attract higher income individuals and families, Goring's should advertise with local private schools. Schools such as SST. Joey's are likely to have on average families with higher disposable incomes, and theref ore can afford o eat at a higher end establishment such as Goring's. Sponsoring school sports teams, donations in Goring's name, and dinners at school fund raising auctions are all possible means of reaching to parents. Rorer's target market differs from Goring's in that it is a much broader group than Goring's.A much higher percentage of the local community eats at bar and restaurant combination establishments on a regular basis, but there is also a much more competitive market. As a result, marketing efforts must be altered to reach a greater number of people, but doesn't need to be as specialized. Initially Rorer's can advertise on and around Eddy's Street to attempt to attract a segment of the local population that goes there to eat. The target market for Rorer's is exactly the kind of people that eat regularly at Eddy's street establishments such as Brother's and Resource's.In addition, advertising at popular local events, such as Silver Hawks games and the farmer's market are all opportunities to reach large segments Of the local population. In such advertisements it is important to heavily market incentives, such as free valet parking with dinner, in order to encourage attention customers to leave the establishments they regularly eat at in favor of Rorer's. In addition, advertisements should be obviously tailored towards locals in order to help mitigate the apprehension that is felt by many locals in regards to coming onto campus.Produce a positive consumer experience that creates repeat customers The second step in this process is to create an atmosphere for customer's day or night out that favorably reflect the restaurants we are promoting. In an effort to provide a positive dining experience, the Morris Inn could coordinate tit sports teams, specifically basketball, hockey, and baseball (football days appear to already be successful). Packages including tickets to games as well as transportation through university golf carts to and from the hotel to various arenas could seer. E as a significant attraction for locals for fun nights out. Football weekends are flooded with visitors on campus, but filling Roses with viewers for less supported sports (but still with loyal fan bases) such as hockey and basketball could produce the consumer experience to bring customers back for more. In addition, advertising the restaurant alongside tickets and transportation with a potential discount on the whole package could peak the interest the hotel needs to attract nearby residents, especially those looking to save money on a family or couple's night out.Along with that idea is the concept of increasing ease of transportation around the Morris Inn, especially for those dining at Goring's or Rorer's. The idea already in effect of free valet parking for customers of the restaurants is a novel one and hooks those concerned with the hassle of going out for dinner or a bite to eat. Free transportation to games across campus at Compton Ice Arena an d the Joyce Center could do the same for the hotel as well as close the gap between Goring's, Rorer's, and closer locations and competition like Legends of Notre Dame.Increase Return on Investments of Social Media Strategies As a way of promoting both Rorer's and Goring's, we feel that the entire Morris Inn brand should improve their presence on social media, which is currently very minimal. Morris Inn's current presence is limited to Faceable, while neither of the two restaurants have a presence on any social media site. Social media is a prominent culture among people and restaurant-goers Of all ages, so it is crucial that both Rorer's and Goring's become present on social media. Not only is this a tremendously important aspect to the marketing of restaurants, but it is also a free method of advertising.We feel that Rorer's and Goring's should have individual pages on Twitter and Faceable, as they target very different crowds in their marketing plans. The Morris Inn should have a large presence on Twitter and Faceable and should feature links to the two restaurants' pages in order to connect all three and create a strong brand. Both restaurants could advertise specials and special events on their respective pages and could encourage people to â€Å"follow' their Twitter page and â€Å"like† their Faceable page by offering deals only available to people who do so.Although Morris Inn already has a page on Yelp, which is a website that features restaurant reviews provided by the public, we propose that they consider paid advertising on restaurant review sites like this. Aside from paid advertising, Morris Inn should provide as many photos and as much information as possible to Yelp and similar sites to strengthen their online mage that will help to draw in visitors looking for good reviews. Morris Inn should also contact local food floggers and invite them in for a free meal in exchange for an online review to be read by potential customers.There should also be an effort to monitor on line reviews to assure that the reviews are primarily positive. BASIS FOR RECOMMENDATIONS As a team, we feel that these recommendations will increase the Morris Inn's profits by creating a stronger business model. The Morris Inn has undergone major renovations, and with such renovations it is important to improve the marketing plan as well. By Meaning the original marketing plan of the Morris Inn, we feel we will be able to target a larger audience that will be more suitable for the customer base that the improved restaurants at the Morris Inn require.Rorer's and Goring's require two distinct marketing plans to bring in a customized client base for each setting. Our solutions will draw the attention of each client base and therefore improve business for both restaurants. We are confident that our solutions will attract sufficient attention, while also remaining in a price range that is suitable for a struggling business. We have found convenient mark eting availability in the South Bend area and have spoken to local residents who agree that our plan will target the appropriate client niche and improve business for Goring's and Rorer's.There is room for further development as the restaurants' business improves including a social media plan that will gain popularity as customers increase. NEXT STEPS We are now confident that with our suggestions The Morris Inn will have the resources to move forward and further implement the new marketing strategies. There are a few steps we feel that can be taken immediately to main exposure in the area. The first of these steps is primarily focused on personal contacts with potential clients.We have found in our research that it would be best to either purchase pre-composed emailed lists of the area or use your current records to send out an email to all clients inviting them to dine at your new restaurants. It will also be important to make calls to frequent visitors of the university and emplo yees of the university, particularly in the development center, who will contribute to the local atmosphere that you are trying to achieve. While it may not be the most enticing marketing plan, reaching out personally to clients will get them in the door and allow your team to explain the improvements of the Inn.There is no better way to sell something than with face-to-face contact. The second step that your team should immediately implement involves reaching out to local vendors for advertising within their companies. The Silverware's will be starting their season shortly as the weather improves and it will be important to have advertisements ready for them. We have reached out to Nick Brown, the Vice President of the Silverware's, and he is willing to it down with your team and discuss specific advertising availabilities based on how much money your team is willing to allocate.The Morris Performing Arts Center Will be hosting guests like Aziza ANSI and Tyler Perry who will bring in large business and it will be important to have advertisements prepped for those events. Finally, we have spoken to SST.

Thursday, January 9, 2020

The Intersection Of Race And Media - 1489 Words

Recent research on the intersection of race and media describes a trend of progressive, even anti-racist, narrative that showcase close inter-racial friendships and camaraderie on the silver screen. (Hughey, 2012) It is certainly true that media content has gotten a lot less discriminatory since the days of blackface, American Indian depictions in old cowboy movies and really any person that was not of white Anglo-Saxon tradition. For much of U.S. history, most white-produced images of other racial groups have been unambiguously racist (Croteau 2012) But even though us as a nation has gotten better since those days, is racism completely gone from American television or is it still being normalized into cinema and television by reproducing†¦show more content†¦These shows include: â€Å"Modern Family†, â€Å"Meet the Browns† and â€Å"Glee†. With all the shows being of different networks, I feel like these shows will give me a wide representation of how r ace is being represented on sitcoms in the 21st century and whether or not media content reflects the realities of the social world. â€Å"Modern Family† premiered on ABC in September of 2009 which shows family life of modern day and their experiences. The main cast is overall white while there are two characters of Latin descent and one of Asian. After reviewing the show, I found there was a sense of racism covered up by a satirical approach throughout the plot. One of the examples I noticed was the Latina main character, Gloria, portrayed by Sophia Vergara, was a very stereotypical spitfire, Latina woman. The show had her character talk in a very think Colombian accent and had her dress in a very sexualized manner with cleavage bearing shirts, tight pants and dresses with loud colors. She even has some lines mentioning her home country of Colombia and representing the country in a negative way. The show portrays Gloria out to be an immigrant, gold-digger that in ways shows that she is naive, lazy and incompetent let alone being extremely sexist. The only thing that is not discriminatory about this show is that they feature a gay couple but they have this gay couple make remarks about their adopted asian daughter being the â€Å"only under-achieving Asian baby in America†. Overall, I

Wednesday, January 1, 2020

Quotes That Will Help You Understand Yourself Better

Who am I? What do I know about myself? When asked to describe yourself, you will most probably list your achievements, qualifications, work experience, and designation. To make your profile sound complete, you may even throw in a hobby for good measure. But are these the things that really make up who you are? The toughest questions to answer are ones about yourself. When you begin to ponder such questions, you may find yourself squirming uncomfortably. Probe a little deeper and you will find that your name, race, gender, and other personal details are merely tags. To know yourself, look beyond superficial embellishments. It does not matter whether you are a Nobel Prize winner or not. Rediscover yourself through these quotes, perfect for self-reflection. Famous Quotes About the Self Muhammad Ali: Its lack of faith that makes people afraid of meeting challenges, and I believed in myself. Oscar Wilde: Perhaps, after all, America never has been discovered. I myself would say that it had merely been detected. Mark Twain: I dont like to commit myself about heaven and hell—you see, I have friends in both places. Mark Twain: As an example to others, and not that I care for moderation myself, it has always been my rule never to smoke when asleep, and never to refrain from smoking when awake. Marilyn Monroe: I have feelings too. I am still human. All I want is to be loved, for myself and for my talent. Marilyn Monroe: I restore myself when Im alone. Maya Angelou: I long, as does every human being, to be at home wherever I find myself. Thomas Jefferson: I do not take a single newspaper, nor read one a month, and I feel myself infinitely the happier for it. David Allen: You can do anything, but not everything. Lin-Chi: When hungry, eat your rice; when tired, close your eyes. Fools may laugh at me, but wise men will know what I mean. John Wilmot: Before I got married I had six theories about bringing up children; now I have six children and no theories. Jean Rostand: My pessimism extends to the point of even suspecting the sincerity of the pessimists. Lily Tomlin: Sometimes I worry about being a success in a mediocre world. Richard Lewis: I quit therapy because my analyst was trying to help me behind my back. Clarence Darrow: When I was a boy I was told that anybody could become President. Now I’m beginning to believe it. Cullen Hightower: Laughing at our mistakes can lengthen our own life. Laughing at someone else’s can shorten it. Cyril Connolly: There are many who dare not kill themselves for fear of what the neighbors will say. Albert Einstein: The person who reads too much and uses his brain too little will fall into lazy habits of thinking. Andre Gide: Believe those who are seeking the truth. Doubt those who find it. Aryeh Frimer: I’d rather live with a good question than a bad answer. Bill Vaughan: We learn something every day, and lots of times it’s that what we learned the day before was wrong. Cale Yarborough: Don’t ever wrestle with a pig. You’ll both get dirty, but the pig will enjoy it. Christopher Hampton: Asking a working writer what he thinks about critics is like asking a lamppost how it feels about dogs. Cyril Connolly: Better to write for yourself and have no public, than to write for the public and have no self. Dame Edna Everage: Never be afraid to laugh at yourself, after all, you could be missing out on the joke of the century. Edith Sitwell: I am patient with stupidity but not with those who are proud of it. Gordon R. Dickson: Some people like my advice so much that they frame it upon the wall instead of using it. Lily Tomlin: The trouble with the rat race is that even if you win, you’re still a rat. Napoleon: Never ascribe to malice that which can be explained by incompetence. Thomas Szasz: When a person can no longer laugh at himself, it is time for others to laugh at him.