Wednesday, August 26, 2020

Disaster in Franklin County Essay Example for Free

Fiasco in Franklin County Essay Area A. The Emergency Operations Center (EOC) has a huge Chain of order. At the head is the EOC Commander, who gets data from different pieces of the chain, and is answerable for transferring that data to different offices, and furthermore the Homeland Security office (in the past Federal Emergency Management Agency). The Safety Officer is accountable for ensuring security strategies are followed, and furthermore for handing-off what wellbeing gear may be required. This individual additionally follows along and explores wounds announced because of salvage activities. The Liaison Officer responds to questions and gives briefings to different offices during this crisis. This individual is the central matter of contact for different offices. This job eases the heat off of the organization authority, redirecting consideration and inquiries to the contact official. The Public Information Officer assembles the best possible wellbeing data required and guarantees that people in general is educated regarding relevant wellbeing data explicit to the crisis. This individual likewise guarantees that everybody has a similar data and knows about which data is to be spread to people in general. The Legal Officer will guarantee that the legitimate parts of crisis activities are followed. This will incorporate after and upholding the authoritative commitments of a few unique offices engaged with this crisis occasion. The EOC organizer will arrange the entirety of the order staff, and guarantee that every one is performing enough, and helping every unit as vital in getting or finishing required undertakings. The following level of order incorporates the Operations Chief, the Logistics Chief, the Financial/managerial Chief, and the Planning/Intelligence Chief. The Operations Chief will create, sort out, and complete the occurrence goals. Such destinations will incorporate which regions to look, or review, and which resources and field assets are used. The Operations Chief will direct each group and territory, using the assets successfully. The Logistics Chief does precisely that, deals with coordinations. This can comprise of discovering gear required for wellbeing laborers, crisis work force, or discovering space to put evacuees and pets. The Finance and Administrative Section Chief assumes a significant job in following funds, uses and following the two assets close by and assets that have been appropriated during the crisis. This empowers the office to know about provisions that are low and takes into consideration the office to demand required things from outside sources. This area additionally guarantees that appropriate legally binding procedures are set up. The Planning Section Chief assembles data, examines the data, and afterward deals with the data accumulated, guaranteeing that the entirety of the segments of the episode responders are educated regarding everything occurring with each area of the reaction. They at that point incorporate the Incident Action Plan. The last level of the EOC bunch is the individual Public Health Organizations. This incorporates the Community Services Branch Director, the Medical/Health Branch Director, the Fire Branch Director, the Public Works Branch Director, and the Law Enfor cement Branch Director. Every executive structures their own Chain of Command like the EOC levels of leadership for their own area of expertise. Every executive is basically the EOC authority for their specific office. The Public Health Nurse serves under the course of the Medical/Health Branch chief (United States Department of Labor, n.d.). Segment B. General wellbeing work force assumed a few unique jobs in this catastrophe situation. The order structure is the occurrence administrator on the principal level, the open data official and the contact official on the subsequent level, and the third level comprising of the activities head, arranging boss, strategic boss and account/organization head completing out the third and last level. The Public Health Nurse isn't recorded on the departmental order structure. The Public Health Nurse will break down the episode and apply nursing judgment to general wellbeing requirements for the occurrence. In the fiasco situation, the attendant should have been mindful a nd request required assets, for example, consumable water and sanitation, just as defenseless populaces needing home oxygen, required meds for different co-morbidities, for example, hypertension and diabetes, and ecological perils achieved by the cataclysmic event, for example, the chance of typhoid, cholera, conceivable form introduction. The Public Health Nurse will likewise lead interviews with the influenced populace, access and populateâ information to be handed-off to the Public about direct as well as conceivable wellbeing dangers and security clues/tips to help protect the populace. This may incorporate open data sheets, data fairs, open gatherings, and media interviews. The Public Health Nurse ought to likewise know about conceivable ecological perils and which supporting organizations to contact with respect to the conceivable natural dangers (University of Minnesota, School of Public Health, 2006). Segment C. The people group wellbeing medical caretaker has numerous assets accessible to empower them to manage circumstances outside of the network wellbeing nurse’s extent of training. These incorporate the Public Works office, for sewage, water, street the board, building review, and ecological administrations. This division additionally has asset data accessible to the attendant for organizations in t he private area. The open medical caretaker will likewise have accessible to them the Fire and Police offices, which additionally incorporate the State and County Police. The Fire office and Police divisions have search and salvage groups accessible, which can incorporate water, mountain, and land salvages. The Health Department additionally has assets for the Community Health Nurse, for example, natural examiners, food reviewers, and assets accessible, for example, the Center for Disease Control (CDC). Accessible through Community Services Department are work groups, translators, and open structures to be utilized as safe houses (University of Minnesota, School of Public Health, 2006). Segment D. The medical attendant used the assets accessible at an opportunity to orchestrate ecological wellbeing pros to assess habitations and help network individuals. The attendant likewise organized transportation to havens, arrangements and drugs for those protecting set up. The medical caretaker additionally transferred data in regards to unsafe waste cleanup and instruction concerning ignitions motors and deficient venting. The medical attendant had the option to get data on the necessities of the network everywhere and hand-off that data to the EOC team to empower training and interpretative should be satisfied (University of Minnesota, School of Public Health, 2006). Segment E. The people group wellbeing attendant had the option to exhort occupants on wretchedness and Post Traumatic Stress Disorder (PTSD) signs and indications, and had the option to make referrals to network administrations for treatment of the conceivable despondency and PTSD. The medical caretaker had the option to take the data assembled from the calls to encourage news flyers for dissemination to the network and houses of worship onâ what side effects and practices to search for, and assets to support the influenced inhabitants. The attendant was likewise ready to teach network individuals on wellbeing and shape issues, and to allude and convey a master to examine possible perils. The medical caretaker informed 911 in light of a detailed physical issue from a concoction spill that had been accounted for contained and tidied up. The medical caretaker at that point informed natural masters about conceivable defilement and substance introduction close to open parks and amusement destinations. By encouraging the crisis reaction, the territory was made sure about and forestalled other potential wounds (University of Minnesota, School of Public Health, 2006). Strategies used to solace, quiet and instruct the individuals comprised of sympathy and an open methodology. Undivided attention, non-angry sympathetic concern handed-off to the individuals that their feelings of dread were typical and were legitimate concerns. This methodology caused the individuals to feel good and encouraged open discussion between the medical attendant and the network individuals (University of Minnesota, School of Public Health, 2006). Area F. Nursing work force can be set up for enormous scope calamities by joining the National Nurse Response Team (NNRT). The National Nurse Response Team is a claim to fame group utilized in any situation requiring many medical attendants to aid chemoprophylaxis, a mass immunization program, or a situation that overpowers the nation’s flexibly of attendants in reacting to a weapon of mass pulverization occasion (Public Health Emergency, 2009, para. 1). Medical attendants can likewise be more ready for fiascos by being set up at home, just as going to proceeding with instruction classes on debacle readiness, just as enormous scope calamity preparing and situations. References General Health Emergency. (2009). http://www.phe.gov/Preparedness/responders/ndms/groups/Pages/nnrt.aspx United States Department of Labor. (n.d.). https://www.osha.gov/SLTC/etools/ics/what_is_ics.html#Information University of Minnesota, School of Public Health. (2006). https://cpheo1.sph.umn.edu/fcs/index.asp

Saturday, August 22, 2020

The Youth Today - Are They More Impatient Than a Few Decades Ago Essay Example for Free

The Youth Today Are They More Impatient Than a Few Decades Ago Essay It has been appropriately said that we spend the primary portion of our lives attempting to comprehend the more established age, and the rest half in understanding the more youthful age. Each age has its own appeal. Youth has consistently felt to some degree exasperated with age and age has consistently been dubious of youth. With their regular exuberance and eagerness, a lion's share of youngsters are quick to act and learn all alone rather being guided by the experience of older folks. The more seasoned individuals being more at home with words as opposed to activity regularly make commotions about the young being fretful and inconsiderate. In each age, elderly people men are found to shaking their aged heads and waxing nostalgic about past times worth remembering when youth of their time knew better and appeared due respect to age and convention. A portion of the charges brought against present day youth are that they speak to a rudderless age with no beliefs to live by or cause to live for. They are harassed with impulsive disrespectfulness which shows itself in expanding rebellion of parental power and rebel against set up social standards. On the scarcest guise they take to avenues, enjoying brutality. They need to stand out through unusual conduct. They are turning into an age of medication addicts and have built up an antipathy for legitimate difficult work, ever keeping watch to have something to no end. Its not, at this point restless youth going forward, into a threatening world. Presently its unfriendly youth going forward into an on edge world this isn't sure what's in store from it. All things considered, it isn't just the adolescent which is eager, human culture itself is in a condition of motion. Developing fortune in created social orders has produced among the young there an anxiety which pined for moment rewards. The kids get all the cash they need from guardians and only sometimes face the need to work professionally. In the immature nations additionally, youthful age are feeling displeased in light of the fact that their dreams of an upbeat future are being devastated either by interior hardship or political advantage. This incites the adolescent to challenge uncontrolled debasement in the public arena and the disavowal of social equity. In the conditions, is it to be thought about at whether all discussion of devotion to beliefs, reestablished moral power and essential temperances leaves the young cold and unconvinced? They are not, at this point arranged to aimlessly acknowledge whatever their older folks decide to force on them. They are inclined to dependent upon basic audit all the social and political qualities they are called upon to acknowledge. At the point when they se high sounding standards perpetually being overlooked for practicality, political pioneers purposely duping the majority, personal stakes being permitted to disappoint the condition of each progression, defilement regular in high places and other expanding contrasts among guarantee and execution, they normally become critical and fuss for change. Understudies structure a significant gathering among the young people all things considered. Their greatest and most authentic complaint is that what they realize subsequent to putting so much time, exertion and cash has almost no pertinence to the real factors of existence with which they meet in the wake of leaving the college. It is nevertheless common that they should need to have a state in figuring out what ought to be instructed with the goal that it has some pertinence to their future. They would no longer endure politickers hidden as educators. They see themselves as very fit for caring for themselves. On the off chance that we take a gander at youth today in the light of previous, it will be clear that it’s not the youthful alone who are to be faulted for the perspective in which we discover them. They likely could be accused of being numbness of what they need. Theirs is a development of dissent against affectation and absence of trustworthiness in their older folks. Obviously, this worry for the future and this nervousness to protect life from lip service is truly excellent to be sure. In any case, it can't be said that the youthful are constantly guided by such high reason. Difference is required in truth compulsory when things turn out badly. Savagery comes normal to youth. The youthful, remarkably sure that the authority against which they are quite agitated is unfair and severe and feeling creep of the rightness of their own stand, respond inwardly. The power of their emotions is to such an extent that it fills them with contempt and they go to savagery. All in all, the more youthful age today is tremendously misjudged and more censured than it merits. The world which it will acquire will be enormously more energizing than the universe of its antecedents at any point was or could be. Simultaneously, life will present to it an a lot greater and undeniably progressively complex test. It would not do to censure it and criticize it that is sufficiently simple. What is extremely significant is that it is treated with seeing so it can create to resources to reshape the world it will acquire as per its noblest vision.

Saturday, August 15, 2020

Flood Management Strategies MELBOURNE (AUSTRALIA) Assignment

Flood Management Strategies MELBOURNE (AUSTRALIA) Assignment Flood Management Strategies MELBOURNE (AUSTRALIA) â€" Assignment Example > Flood Management Strategies in Melbourne (Australia)1.0 AbstractFlood management entails all the methods and techniques used to prevent or reduce the negative impacts of floods. The Melbourne Water has been working in collaboration with the agencies including councils to develop tools that will priorities and spearhead the activities in flood management across Westernport and Port Phillip region. The goal of the study was to analyse the flood management strategy in Melbourne. Six councils were taken into consideration: Manningham, Frankston, Cardinia Shire, Casey, Hobsons Bay, and Hume. The common strategies used in the councils include drainage system, retarding basin, and awareness creation. In general, the strategies can be divided into structural and non-structural strategies. The structural strategies include wetlands, retarding basins, levee banks, tree pits, porous pavements, raingardens, drainage systems, swales, infiltration trenches, and rainwater tanks. The non-structur al strategies include the flood warning systems, FloodSafe, StormSafe, actions before the flood, actions during the flood, actions after the flood, community awareness, flood wardens, strategic control priorities, and information to the community. The authorities and councils have, therefore, made a great step on managing floods in Melbourne. 2.0 IntroductionFlood management entails all the methods and techniques use to prevent or reduce the negative impacts of flood water (Kundzewicz et al. 2014). It is the methods put in place to minimize the impacts of high levels of water or floods. Floods are due to either or a combination of higher rate of snowmelt, heavy rainfall, tsunamis, higher tides, severe wind blowing the water bodies, or failure of the retention ponds, levees, and dams or other structures that retain water. The rates of floods can be increased by natural hazards like wildfires that reduce the vegetation cover to absorb the rainfall. Floods can occur as rivers overflo w their banks to develop flood plains. In explanation, during the rainy season, some of the water is accommodated in soil or water bodies while others absorbed by vegetation and some evaporate. Some of the water also travels through surface runoff. Failure from these instruments to absorb or transport water can lead to a flood thus making the stream channels not able to contain the whole amount of water. When a flood increases rapidly it is referred to as a flash flood. Flash floods can be caused by high rainfall a place that is relatively small or if the area was previously saturated due to a precipitation. Floods have both positive and negative effects. The positive effect is that it can make soils fertile through carrying the humus from one area to another. However, floods can destroy properties and reduce biological diversity through sediment deposition and soil erosion. It can also cause traffic delays, interfere with the economical land use and drainage system. Floods can al so damage structures such as sewer lines, bank lines, and bridge abutments among others. Melbourne is the most populous and capital of Victoria, Australian State. In Australia, it was the second most populous city. The capital is about 9,900 square kilometres that entail its metropolitan area and the city centre (Austalia2016Population 2016). Melbourne has thirty one municipalities with a population of approximately 5.20 million. Melbourne water management is an organisation that deals with the management of the water catchments, supply and treats drinking water and recycle, treat and remove the Melbourne’s sewage. The organisation also works in the management of the drainage systems and water ways in the Westernport and Port Philip region. The organisation builds strong relationship with the suppliers, stakeholders, and customers in the industry, government, and community and takes care of the people’s wellbeing and health (Melbourne Water n. d.).

Sunday, May 24, 2020

Electrical Contractors Return For Work Program Essay

AKW Electrical Contractors Return to Work Program Policy The health of our employees is a major priority of AKW Electrical Contractors. When an employee suffers an injury while on the job or suffers and illness that is work related it is our duty to assist employees to return to employment as safe and soon as possible. We have implemented a Return to Work program designed for assisting sick or injured employees return to work as soon as possible and help in the healing process. This program relies on the effort of the employee, our insurance company, the doctor treating the employee, supervisors and management. Our program is in place to incorporate short term light duty jobs that are modified from the employee’s original job, or a different job, or several tasks combined into one job. At management decision, and to the extent the employee’s limitations. A light duty job will be available until the treating healthcare provider releases our employee. Through this light duty program, the company will attempt to assist the injured employee recover at a more rapid rate and minimize loss of wages for the employee. At the same time, the company also benefits from having our employees provide a service and contributing to the overall productivity. Objectives The Objectives of the Return to Work Program are: †¢ Provide guidelines for administering return to work assignments. †¢ Assure employee health and job security by providing employees with a job to continue working as aShow MoreRelatedSafety Manager1490 Words   |  6 Pagesexternal client relationships and leading programs and projects to consistently successful completion. Excel at driving safety awareness, developing and facilitating safety programs/training, and reducing accident and incident rates. Best practices-focused with in-depth knowledge of construction industry and a record of promoting safety top-down at all levels of the organization. Areas of Expertise Occupational Safety amp; Health | Accident Prevention Programs | OSHA Regulatory Compliance | ConstructionRead MoreMultinational Corporations : An Organization Of Economic, Political, Social, And Business Environment1583 Words   |  7 Pagesand after the attack on the World Trade Centers in September of 2001, less people than ever were flying. Boeing took a progressive approach with their 787 Dreamliner project. Their Chief of Commercial Airplanes, Jim Albaugh, was ecstatic about the program, he announced the goal of it was â€Å"†¦to innovate with a new aircraft that would generate revenues by creating value for customers† (Denning). In order to complete this objective at an affordable price, Boeing increased its outsourcing. The multinationalRead MoreSafety Performance Case Study855 Words   |  4 Pagesit affects production by the loss of time and limited work time. There are numerous programs that can be beneficial and have a â€Å"return on investment† impact and minimize musculoskeletal disorders and injury within the construction industry. A st udy by Dr. Sang. D. Choi, Dr. Sathy Rajendran, and Kwangseog Ahn have concluded work-related musculoskeletal disorder (WMSDs) and injuries can be reduced by implementing a stretch-and-flex (SF) program. Their study incorporated data gathered through surveyRead MoreCost, Quality, And Timing939 Words   |  4 Pagesincluding all details about cost, quality, and timing is presented and usually several contractors make an offer. Then a contractor (or more than a contractor based on project requirements) is selected to accomplish the site construction. Usually the cheapest offer wins; of course there might be considerations of quality. Construction The contractor that has been appointed to carry out the site work now will be called as the constructor, and starts to complete the building on the specifiedRead MoreHome Depot Essay1736 Words   |  7 PagesHome Depot STRENGTHS - Strong market position - Higher returns than competitors - Balanced brand mix - WEAKNESSES Sub optimal capital structure - Product recall OPPORTUNITIES - International presence - Growing popularity of power tools - Increasing online sales THREATS - Intense competition - Slowdown in US housing market - Rising labor wages in the US |The Home Depot Inc. (HD) Read MoreJJ Electrical Contractors, Inc.: Retaining Viability in a Highly Competitive Industry7969 Words   |  32 Pages(CFO), a husband and wife team, owned and operated JJ Electrical Contractors, Inc. (JJ).1 JJ performed commercial, industrial, residential, and public electrical-contracting work. Electrical work included wiring and installing anything to do with power, lighting, or other electrical equipment, and electrical contractors had to be licensed by the state of California. Often, electrical contractors were called to a job by a general contractor who had over- all responsibility for constructing a buildingRead MoreWesco Case8657 Words   |  35 PagesDistribution, Inc. Late in June 1997, Jim Piraino, VP marketing for WESCO Distribution, Inc. (see Exhibit 1), was preparing for a yearly review meeting with his CEO Roy Haley. At the top of the agenda was the performance of the National Accounts (NA) program during the first half of 1997 (see Exhibit 2). Haley had ambitious plans for WESCO over the next five years. He had charted out a course that called for an annual growth rate of 6% to 8% in sales, and more important, an annual increase of 12% to 16%Read MoreApollo John F. Kennedy Space Center1502 Words   |  7 PagesIt happened at 2:13 p.m. EST, April 11, 1970. What had caused it to orbit the moon and come back, was a ciple in the oxygen tank. One thing that happened was on the Apollo 13 spacecraft, a oxygen tank was crippled and they had to orbit the moon and return home. The main event was that for the third time, they successfully lifted off once more, just to run into a problem with the oxygen tank. The people involved (meaning on the Apollo 13) were: Fred Haise, Jack Swigert, and Jim Lovell. It kind of tiesRead MoreCase: Wengart Aircraft 1205 Words   |  5 PagesCase: Wengart Aircraft President Ralph Larsen of Wengart Aircraft has become increasingly concerned about profits. Though he is not fearful of a company takeover, he does feel an obligation to maximize shareholders’ return on their investment. He and about a dozen top executives receive sizable stock bonuses, so it is to their advantage to obtain a high share price. Wengart manufactures private and military aircraft. It is number two in its industry, which consists of seven companies. Its profitsRead MoreThe Construction Industry Value Chain2845 Words   |  12 Pagesand driver of economic activity and wealth creation The construction sector involves the construction of a wide range of public and private sector facilities including but not limited to: Transport and communications sector – roads and public works, bridges, airports and sea-ports, telecommunications systems, etc Water and sanitation projects- dams, portable water schemes, sewage schemes, irrigation systems, etc Energy – Power stations, power transmission lines, renewable energy schemes

Wednesday, May 13, 2020

The need for International Financial Regulation - Free Essay Example

Sample details Pages: 9 Words: 2730 Downloads: 5 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Did you like this example? On September 14th, 2007, the collapse of Lehman Brothers, one of the five most important global financial services firms in Wall Street, marked the beginning of a global financial crisis which lasted for more than two years. This crisis had effects on every kinds of financial markets and all over the world. Some lessons have to be remembered from this crisis, and the events and causes of the crisis must be used as landmarks to improve the regulatory organization of the financial markets. Don’t waste time! Our writers will create an original "The need for International Financial Regulation" essay for you Create order The main problem is to determine, whether or not, the financial markets were efficiently and sufficiently regulated by the financial authorities, and if these authorities ought to have intervened more than they did to protect the stability of the financial sector. The issue revolves around the extent of the power of intervention granted to the regulatory authorities in charge of ensuring the stability of the financial sector, and the way they are expected to use this power. Three years after the beginning of the crisis, it should be easier to analyse a posteriori which were the gaps in the financial regulatory system, and the failures of the authorities. However, the exact causes of the crisis remain still blurred today. Furthermore, as this question deals with the dilemma between the interventionist theory and the laissez-faire theory, there may still be divergences about the way the situation should have been dealt with by the authorities, and about how the financial system s hould have been regulated. These two doctrines have been opposed for centuries now, and both have demonstrated their advantages and drawbacks. The proponents of the former theory state that the role of the government is to mitigate the undesirable consequences of market activity through regulation whereas the partisans of the latter consider that without any governmental intervention, the markets would succeed to automatically correct their failures. In spite of these doctrinal oppositions, it must be recognized by both sides that the financial system did not succeed to avoid the crisis without the intervention of the financial regulatory authorities and that those authorities did not fulfil their obligations to keep the financial markets stable and made several mistakes in their way to protect the markets. This acknowledgement implies that these authorities had a role to play in order to avoid the crisis and that the financial markets may need the intervention of authorities to limit the risk of crisis. As the G20 noticed in its Declaration on Strengthening the Financial System of April 2nd, 2009 the global financial crisis thus renders visible and urgent a perennial tension in financial regulation with respect to the extent to which governments should intervene to fix the financial markets. The financial crisis is therefore an indicator of the need of interventionism from the regulatory authorities to protect the stability of the market. This new regulatory organization must be based on the support of the central banks. I A global financial crisis caused by the mistakes and the gaps of the regulatory authorities in the accomplishment of their duty The financial crisis had its roots long before the collapse of Lehman Brothers in the end of 2008. Indeed, the situation of the financial sector had begun to deteriorate already in 2007 with the problems on the sub-prime market, as illustrated by the financial difficulties of Northern Rock, the United Kingdoms fifth-largest mortgage lender, until its nationalisation by the British Treasury. But the financial crisis really began when Lehman Brothers was forced to file for Chapter 11 bankruptcy protection in September 2008. Lehman Brothers had to go into liquidation after the refusal of the American Federal Reserve to support the firm. This refusal had started the worst global financial crisis since the Great Depression in the 30s. This decision of the Federal Reserve not to help Lehman Brothers was surprising, because the American financial authorities had already had to intervene to help the purchase of Bear Stearns by JP Morgan, and to nationalize Freddie Mac and Fannie Mae. Besides, few days after the collapse of Lehman Brothers, the Federal Reserve accepted to support American International General (AIG). This behaviour of the Federal Reserve made the public believe that the intervention plan of the authorities had not been fully thought and created a feeling of uncertainty about what the Government would do to aid the financial institutions. The public did not understand why the Federal Reserve had refused to save Lehman Brothers, and the collapse of the firm, facilitated by the passivity of the American financial authorities, created a panic among the markets participants. The lack of clarify in the actions of the financial authorities caused a massive loss of confidence of the public and the investors. The confidence of the public is really important in the financial sector because the stability of the financial markets depends on the confidence of the markets participants. It is therefore the responsibility of the financial authorities to m aintain the confidence in the markets by ensuring their stability and integrity. The maintenance of confidence is at the heart of much financial regulation. The Federal Reserve by its refusal to help Lehman Brothers provoked a loss of confidence among the public and the investors which started the crisis. Even if the crisis has many other causes, this decision of the Federal Reserve not to intervene has been determinant in the worsening of the situation. After the collapse of Lehman Brothers, the loss of confidence led to a run at the banks and the withdrawal of funds by professional investors which provoked the transformation of the credit contraction and the sub-prime crisis into a global financial crisis. It appears from these facts that the main reason of the crisis is to the lack of general oversight of the financial sector as a whole by the regulatory authorities. They failed to assess the real dangerousness of the situation before the global crisis. This is one of the r eason why the Federal Reserve refused to help Lehman Brothers when it had the opportunity to do so. They thought that the financial markets would be able to recover from the collapse of Lehman Brothers. The failures of the American Financial Reserve in assessing the consequences of the collapse of Lehman Brothers highlights the idea that there is a need for a modification of the way the financial authorities supervise and assess what happen on the markets. But the strength of the global financial crisis is also the result of some other failures of the financial authorities. They, as well in the United States as in the other western countries, failed to control the situation on the financial sector, and the inability of the markets to stop the crisis without the intervention of the regulatory authorities is the proof of the failure of the self regulation theory. The crisis would not have been so important if the regulatory authorities had dealt correctly with the difficulties a nd intervene properly to prevent the loss of confidence. Instead of intervening since the beginning of the difficulties on the sub-prime market, they just let the situation deteriorates. It is clear that the national regulatory authorities failed to protect the financial systems against imprudence that created excessive systemic risk This failure implies another one which is the failure of the financial markets and entities to regulate themselves. For decades, it was acknowledged that these entities did not need the intervention of governments because they were able to self regulate. However, the crisis of 2008-2009 proved this theory to be wrong, because only the late intervention of the governments succeeded to solve the situation and put an end to the worsening of the crisis. The whole theory of the self regulation was broken by the crisis which evidenced the inability of the markets to stop the contagion of the crisis. It emphasizes that the financial sector needs a new re gulatory system with more intervention from the authorities. Actually, the situation began to calm down following the intervention of the governments. All the different countries which had faced the global crisis adopted bail-out plans to protect the financial institutions and prevent a new crisis. All the new rules adopted after the crisis must be seen as an acknowledgement of the need for formal regulatory intervention in the financial markets. The successive G20 summits which occurred in the course of the crisis called governments to take steps relating to the fiscal stimulus, so that, as during the 1930s after the Great Depression, the governments have a key role to play to stop the crisis and permit the recovery of the financial markets functioning. As an example of this policy of intervention, the U.S Government established the Troubled Asset Relief Program, referred as the TARP, a programme to purchase troubled assets from institutions with the aim of strengthening its fin ancial sector. The last global financial crisis emphasized all the gaps of the former regulatory system on the financial markets, and the failures of the financial authorities which took a long time before intervening to solve the situation and where not able to correctly assess the situation and the risk of collapse of the system. As a consequence, a new regulatory system based on more intervention from the governments and authorities has to be defined. II A new regulatory system with more intervention from the authorities and a leading role granted to the central banks The complex nature of the financial markets creates a need for a new regulatory system. The different financial markets are too sophisticated and connected between themselves to be able of self regulation. Besides the consequences of the crisis on the financial markets, which has harmful repercussions on the whole economy, oblige the government to intervene in order to prevent a crisis from happening. There is a risk of contagion of the difficulties from a market to another, and from the financial markets to the whole economy. The Federal Reserve in the United States, as many other financial regulators, forgot to take this reality into account. A regulatory system has to be implemented to deal with the systemic risk of the financial markets. The systemic risk may be defined as the risk that an event will trigger a loss of economic value or confidence in [ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦] a substantial portion of the financial system that is serious enough to quite probably have significant adverse effects on the real economy. The recent crises were a perfect illustration of the systemic nature of the risk on the financial markets, and the narrow interdependence between the markets and the economy. Consequently, the intervention of the governments and authorities is needed to protect the health of the economy from the problems which may arise on the financial markets. The governments cannot let the markets be self regulated because any malfunctioning on those markets could lead to the collapse of the economy. Therefore, the authorities have to intervene to regulate and supervise the financial markets, and settle the difficulties arising on them. This increased intervention from the authorities, in order to be efficient, must be accompanied by a reform of the way to assess the risk. A cause of the crisis was the inability of the authorities to assess the consequences of the problems on the sub-prime market. Indeed, the International Monetary Funds Glob al Financial Stability Report of April 2007 suggested that the amount of the credit loss in the sub-prime mortgages, and the decrease of the house prices in the United States, would be fairly limited. In the same manner, the Federal Reserve in September 2007 had assessed that the markets would have been able to absorb the collapse of Lehman Brothers, and at that time the U.S. Treasury Secretary, Hank Paulson, received the support of the Congress for the refusal of the Federal Reserve to save the firm. The reason of this harmful decision was that there was no general oversight of the financial markets. The regulators should extend their oversight to all major participants in the financial system. The authorities have to implement a macro-prudential policy which consists in exercising their control over the financial system as a whole. They have to extend their scope of actions over institutions which were not until that time regulated, as one of the reason of the crisis was the la ck of information concerning the situation of some institutions on the financial markets. All systemic institutions should be integrated within the macro-prudential regulatory perimeter. The amplest the supervision of the financial system by the regulators is, the more the risk of a contagion of the difficulties will be reduced. The central banks should play a key role in this new regulatory system. They must have a role of support of the financial institutions to prevent systemic risk. Central banks already played a critical role during the last crisis in maintaining the strength and viability of financial markets. They ensured the stability of the financial markets by injecting money in the system and supporting the institutions suffering difficulties. Central banks can be efficient in fulfilling their role of support through the mechanism of lender of last resort. This mechanism consists for central banks in securing other banks and financial institutions against bankrup tcy, to avoid a loss of confidence which could lead to a collapse of the markets. Under the lender of last resort procedure, central banks commit themselves to lend money to financial institutions in trouble. This commitment will have the effect of calming down the concern of the investors and the public about the financial situation of the institutions. If the public and the investors know that the institutions on the financial markets would be supported in case of difficulties, they will not run at the banks as they did during the last crisis. This crisis began after the refusal of the Federal Reserve to save Lehman Brothers against bankruptcy, that is to say after its refusal to act as a lender of last resort. The lender of last resort is a mechanism which has proved its efficiency for a long time. It was introduced in the United States following the Panic of 1907 by two measures. The first measure was the Aldrich-Vreeland Act of 1908, it was followed five years later by the F ederal Reserve Act of 1913 which established a public central bank. Since their implementation, several studies have analysed the results of this mechanisms. And it has been admitted that the lender of last resort has had beneficial effects on the economy. As an example, an analysis made for the National Bureau of Economic Research in October 2008 stated that the lender of last resort mechanism created in the United States in 1908 and 1913, reduced the volatility and the instability of the American financial markets in comparison with the situation before the Panic of 1907. Finally, the last drawback of the former regulatory system was the lack of cooperation between the different central banks of each country. Before the global crisis, there was no homogeneous policy to face the problems and restore the stability of the financial markets. Each single country was not able to stop the crisis by itself and the lack of cooperation between regulatory authorities was only likely to wo rsen the situation. This was illustrated by the French President, Nicolas Sarkozy, who said that None of our countries acting alone could end this crisis. Therefore, the crisis evidenced the need for international cooperation to reduce efficiently the risk in the financial markets. As a consequence, since the beginning of the global crisis, there have been a multiplication of international summits to define a new framework for international cooperation. The meetings in Washington D.C. in November 2007 and London in April 2009 promoted a central bank cooperation. Nevertheless, most of these meetings were said to be unnecessary and many efforts still need to be made to create a real international cooperation between central banks. Finally, the new regulatory system must be moderate and financial authorities take into account that if there is too much support for the financial institutions, it could lead to a decrease of the efficiency and competitiveness of the markets. An exces s of support could damage the integrity of the financial sector, and have the opposite effect to the one expected. Conclusion There is a real need for more intervention of the authorities, mainly central banks, to maintain the stability of the markets, but a fair balance has to be found to avoid an excess of support reducing the competitiveness of those markets.

Wednesday, May 6, 2020

How ICT can improve a business by speed and quality Free Essays

In this project I am going to show how ICT can improve a business by speed and quality. I am going to show this by using a School’s Sports Day as an example. When using ICT to create a booklet for this Sports Day it is improving the time taken to create it as it is much easier to make it by computer. We will write a custom essay sample on How ICT can improve a business by speed and quality or any similar topic only for you Order Now If allows you to move pictures around so you can find the perfect position for them on the different pages. It also allows you print off as many copies as you want, rather than photocopying every page. It will not take as much time because you can insert any piece of information and you will be able to move things around to make everything be in its best position. For the Sports Day this year I will be creating an A5 programme. On the first page there will be the School’s Crest along with two photographs of the school. The day and date of the event will also be on the first page. Two A4 sheets need to be produced and to be used as masters for the inside and outside of the programme. The output this Sports Day Programme will take would be in an A5 booklet. On the middle pages there will be a list of track events with the times. On the back page the will be a half- page advert of Helmcroft Hotel. A list of last year’s record breakers will also be on that page. The information to be output would be the School’s Crest, photographs of the school, an advertisement of Helmcroft Hall and photographs of the new sports hall. The data needed to be output would be record breaking list and the events. The data that would be needed for the programme as an output are as follows: * The events and times that they take place (excel). * Food cost during the day. * What time the actually starts and finishes. * Who’s invited * The people who are running in the races. * Records of previous events. Testing is needed to make sure the data and the information is detailed, precise and specific on the document so that people can fully understand it thoroughly with ease. Although testing is not needed at this stage as you are only writing up information. Analysis for Task 2 For this task I will be using different programs for the different forms. The categories, records list and the list of beverages and food (and prices) would be produced in Excel. The entrance cost would be produced in PowerPoint so it can be created with lots of colours. The price of drinks to make a profit would be the information to be output. The data needed to produce the output would be the model on how many drinks are sold compared to the weather. I would like the best price to result in a profit. Design – Task 1 The problem that has to be solved is how to arrange the front and back page of the brochure for the school’s Sports Day, and the software that might be useful to achieve this. I shall use Microsoft Word to solve this problem. This is because the functions of the features available on Microsoft Word are necessary for solving the problem. Firstly, to set about reaching the problem I will use the functions of Word to make titles and sub-titles bold, italic and using the appropriate font size. The reason for this is so they will stand out, allowing the readers to see them more easily as they would be more clearer and more alluring. Secondly, I will use boxes around the text to make them stand out clearer. The text boxes will also allow me to import, position and resize graphics a lot more easily. The boxes and their borders would have bright colours to make the programme less dull. Word also allows graphics (e.g. the Helmcroft Hall advert) to be kept in the same proportions. These graphics are very easy to import using ‘drag and drop’. Design – Task 2 For Design 1 of the spreadsheet I have shown the basic layout of the: * Fixed Incomes * Fixed Expenditures * Costs of drinks to buy * Costs of drinks to sell My design also shows a different layout to what I will be using to display the various weather conditions. For this design I have only shown COLD and COOL conditions, as the rest will follow in my own design. For my own design of the spreadsheet I will produce the spreadsheet in a horizontal way rather than the original design, provided by the teacher, which was shown vertically. To fit the whole spreadsheet I will make use Arial 10pt font for the main text, the main headline will be Comic Sans MS 18pt font. The sub headlines will be different fonts, two will be Showcard Gothic 14pt font and the others will be Tempus Sans ITC 12pt font. The total headings are produced in bold Arial Narrow 10pt font. The cells with the results of the formulae are formatted to be shown as currency. I varied the widths of the columns to allow the text to fit perfectly; in some parts I merged the cells. The formulae I used were simple, only addition and multiplication sums being used. For the spreadsheets I will produce I will use Microsoft Excel. The following table outlines the software features needed to produce my Price Pledge Model, and for each feature, the suitability of Excel has been examined. Excel has a simple-to-use replicate feature. I can select a cell (that contains text, a number or formulae), highlight a section to the right and copy the contents of the original cell into those selected to the right. It will automatically change the letter for the column being used as it’s replicated across. Excel can carry out simple calculations. How to cite How ICT can improve a business by speed and quality, Papers

Monday, May 4, 2020

Resort and Spa Management for Tourism- myassignmenthelp.com

Question: Discuss about theResort and Spa Management for Tourism. Answer: Introduction This study deals with analyzing the current issues or challenges faced by resort and spa industry in and across Australia (Zeng and Gerritsen 2014). In this particular assignment, proper emphasis has been given on understanding each of the issues in detail and providing proper recommendations at the same time. The current segment elucidates emerging trends or future opportunities in resort and spa industry. One of the key insights that had been noted in the study is increase growth rate in resort and spa industry. This industry faces increased competition as compared to other sectors. There are various reasons for increased competition in resort and spa industry (Vila, Darcy and Gonzlez 2015). A majority of resort and spa business attribute industry growth that links with growing foodie culture captivating Australians. Other factors that are mentioned in the study are promoting a growth in competition that is local population growth as well as higher consumer demand. The growth in re sort and spa industry and increased competition could be a contributing factor in the hospitality business that has the ability to attract as well as retaining customers. Tourism is one of the sources of income for Australia and continues to grow in terms of scale as well as scope (Wirahardja, Turner and Richardson 2016). There is significant rise in resort and spa industry development over few past decades as it is one of the most social, cultural phenomenon and economic factors in Australia. Current issues or challenges that affect Resort and Spa Industry in Australia The resort and spa industry is booming but research shows that there are still lots of factors that limit the success of Australian hospitality business. Individuals such as owners, managers as well as head chefs and staff members has lot to say about their own restaurants, nightclubs and pubs. There are various issues that affect the functioning of resort and spa industry such as increased competition as well as operating costs that impact the success of resort and spa industry as a whole (Weir 2017). There are various challenges that are faced by resort and spa industry and these are mentioned below: Labor and skill shortage- One of the issues or challenge that affects the operations of resort and spa industry in Australia is shortage of labor and essential skills. It is noted that there had been an issue to attract and retain qualified workers in resort and spa industry in an isolated markets and become a global challenge (Vila, Darcy and Gonzlez 2015). Technology- The major factor that governs technological issue faced by resort and spa industry is the complexity that is present in the hotel environment. There is lack of awareness of how much efficiency can be improved by use of modern integrated systems (Wirahardja, Turner and Richardson 2016). Capital availability- It is noted that capital provides asset liquidity as well as help in developing resort hotels in Australia. Increased resort and spa industry enhances the asset values as well as lowering returns. Most of the factor affects the amount, capital availability and timing at the same time (Vila, Darcy and Gonzlez 2015). Solution and recommendations for each issue identified The above issues mentioned can be reduced to some extent and elaborated as under: Resort and spa industry need to develop internal programs for creating attractive career paths so that the potential candidates can see this industry as a professional development opportunity (Wirahardja, Turner and Richardson 2016). This industry need to recruit for entry level position that is easy to recruit when the recruiter outline the career path as well as point the mangers the key responsibilities for the line position. Australia and many other nations believe in offering guest worker programs that recruit seasonal workers for a period of 10 months. Resort and spa industry is a labor intensive business as well as automation opportunities that are limited by nature. It needs to reconfigure work process and then sharing the benefits of increased productivity that can have positive results (Vila, Darcy and Gonzlez 2015). Both cross-training as well as cross-utilization are nowhere a new concept but they are good one. Here, employees are expected to master the skills for their o wn positions but receive pay rise when they have become certified in other jobs. The employees who are trained can fill in the place wherever needed by the industry during peak times and have their own horizons through cross departmental training. In recent business environment, operators are finding ways for competing with the workers as hard as they compete with the customers (Smith and Puczk 2014). It is important to develop a positive work environment with real opportunities for advancement as well as combined with creative strategies for recruiting and improving employee productivity that increases the essential skills where the workforce continues to shrink in the near future. With the emergence of technology, the resort and spa industry is able to grow in the present environment where people are aware of the services any resort provides. Online booking as well as mobile applications should be used by resort companies (Smith and Puczk 2014). Use of these applications will enable the guests to leave digital footprints and get accessed to data for targeted promotions as well as individualized messaging. Most of the spa industry today pride themselves on being high touch rather than high tech but they mainly engages the guests through use of social media as well as online booking capabilities that enhances relevance (Wirahardja, Turner and Richardson 2016). Efficient flow of capital into the resort and spa industry will help he industry to overcome the difficulties. In addition, supply, demand as well as profitability and yields relatively and get access to positive consequences on the operating as well as asset sides of the market. Furthermore, maturation of the expansionary cycle of Resort and spa industry that result in a moderation in capital availability as well as increase in capital costs. It is important to be aware of the present trends that enable investors for planning ahead as well as taking advantage of capital market conditions (Baum 2016). Emerging trends within the Resort and Spa Industry Resort and spa industry belong to challenging economic climate where the companies aims to deliver quality customer service as well as producing a positive bottom line. Existing and future trends of Resort and spa industry in Australia are listed below with proper justification: There is significant shift on the part of consumers towards wellness as well as preventive health that is an alternative to pampering that drives according to the needs of consumers (Mok, Sparks and Kadampully 2013). This takes into account increased comfort level that follows spa procedures as well as incorporates this for preventing treatments and services. The services provided will help in driving a collaborative approach with the Resort and spa industry. Nowadays, consumers are more concerned about their health and sensitive to price as well that drive a closer collaboration between spas as well as healthcare sector. Therefore, Resort and spa industry continue to increase the role in wellness to provide spa offerings in the near future (Wirahardja, Turner and Richardson 2016). Recently, consumers expect proactive approach from Resort and spa industry after addressing environmental concerns (Buhalis and Crotts 2013). The Resort and spa industry trend will not disappear anytime soon. The majority of delegates from Resort and spa industry report that environmental responsibility will have a significant influence on the future business activities. New and innovative ways are present in Resort and spa industry that is used for relaxation as well as delivering services for promoting business that are increasing at rapid pace. In addition, the use of spa credits help in increasing the bookings or building into the room rate where spa treatment is becoming more viable (Cheer and Lew 2017). Most of the consumers that go for spa treatment actually want to de-stress. Here, spa menus reflect the ongoing trend through their offerings such as Yoga, relaxation massages and meditation that is more viable and this trend will continue well in the near future (McPhail et al. 2015). Consumers will show interest in getting access to value-added deals that include discount on services. It is important for getting involved in new and innovative promotions that mainly focus on creating a full-day experience. It is important for setting menu pricing of consumer awareness as well as local competition (Chon 2013). Justification of effects of trends on the future of the resort and spa industry The future trends in resort and spa industry is greener as well as eco-lodgings. In addition, it is important to develop more resort and spa services (Wirahardja, Turner and Richardson 2016). The resort and spa industry should use advanced technology by using guest virtual footprint for performing all the operations in the most appropriate way. This sector has the opportunity for employment and should increase the salaries for retention of existing staff members. It is important to put more emphasis on internet as well as technology (Leung et al. 2013). Furthermore, virtual as well as physical social network of guests will be the best distribution channels. There is a global increase in resort and spa industry in term of tourist arrivals as well as tourism expenditure. In addition, the future trends will affect resort and spa industry in various ways such as increased concern with guests safety and security, diversity in the workforce composition as well as significance of outstanding services that leads to additional opportunities for increase revenue (Cocolas, Walters and Ruhanen 2016). Resort and spa industry have evolved into sophisticated as well as disciplined tools that is capable of helping guests and generate revenues as well as reaching much improved level of efficiency (Frost, Laing and Beeton 2014). The impact of changing demographics on resort and spa industry on travel trends in the sector that remains unaffected. There are recent changes in the demographic environment that holds for main implications for resort and spa industry. There are various factors identified that affect the profitability of resort and spa industry that is in control of individuals such as hotel owners and operators for mitigating the impact. The greatest challenge will be to move from consciousness based on fear as well as separation based on love and connection (Wirahardja, Turner and Richardson 2016). Australian need to work hard for improving its tourism infrastructure as well as revamping in hotels and boosting service standards so that resort and spa industry cope with the i nflux of tourists over years. Fast changing consumer habits as well as attitude had kept resort and spa industry for bringing changes for attainment of future goals and objectives. Resort and spa industry grew out of the desire that attracts both consumers as a genuine career opportunity. It is important to highlight wide variety of entry paths to resort and spa industry as well as enables potential recruits for hearing from leaders in the industry for deciding over the career paths (Fletcher, Pforr and Brueckner 2016). Conclusion At the end of the study, it is concluded that resort and spa industry face strong competition from other forms of accommodation. In addition, increased inbound tourism actually benefits the industry players over the past 5 years. On analysis, it is noted that China has become Australias most valuable inbound market as far as expenditure is concerned. Resort and spa industry has rebounded over past 5 years that recovers from a period of sluggish growth during previous years. In addition, the depreciation in Australian dollar as well as rising discretionary incomes have encouraged a greater number of Australian residents for travelling domestically over the period of 5 years that had boosted demand from domestic leisure tourists. Furthermore, business tourist nights increase as it is increased and rising due to optimism during financial conditions that reflects in a large positive business confidence index for past 5 years. The most important for resort and spa industry are having loya l customer base, proximity to key markets as well as access to multi-skilled and flexible workforce. Reference List Baum, T. ., 2016.Human resource issues in international tourism. Elsevier. Buhalis, D. and Crotts, J., 2013.Global alliances in tourism and hospitality management. Routledge. Cheer, J.M. and Lew, A.A.., 2017.Tourism, Resilience and Sustainability: Adapting to Social, Political and Economic Change. Routledge. Chon, K.S., 2013.Tourism in Southeast Asia: A new direction. Routledge. Cocolas, N., Walters, G. and Ruhanen, L., 2016. Behavioural adaptation to climate change among winter alpine tourists: an analysis of tourist motivations and leisure substitutability.Journal of Sustainable Tourism,24(6), pp.846-865. Fletcher, C., Pforr, C. and Brueckner, M., 2016. Factors influencing Indigenous engagement in tourism development: an international perspective.Journal of Sustainable Tourism,24(8-9), pp.1100-1120. Frost, W., Laing, J. and Beeton, S., 2014. The future of nature-based tourism in the Asia-Pacific region.Journal of Travel Research,53(6), pp.721-732. Leung, D., Law, R., Van Hoof, H. and Buhalis, D., 2013. Social media in tourism and hospitality: A literature review.Journal of Travel Tourism Marketing,30(1-2), pp.3-22. McPhail, R., Patiar, A., Herington, C., Creed, P. and Davidson, M., 2015. Development and initial validation of a hospitality employees job satisfaction index: Evidence from Australia.I Mok, C., Sparks, B. and Kadampully, J., 2013.Service quality management in hospitality, tourism, and leisure. Routledge. Smith, M. and Puczk, L., 2014.Health, tourism and hospitality: Spas, wellness and medical travel. Routledge. Smith, M. and Puczk, L., 2014.Health, tourism and hospitality: Spas, wellness and medical travel. Routledge.nternational Journal of Contemporary Hospitality Management,27(8), pp.1814-1838. Vila, T.D., Darcy, S. and Gonzlez, E.A., 2015. Competing for the disability tourism marketa comparative exploration of the factors of accessible tourism competitiveness in Spain and Australia.Tourism Management,47, pp.261-272.d Hospitality: The Impact of Emerging Markets and Emerging Destinations, p.632. Weir, B., 2017. Climate change and tourismAre we forgetting lessons from the past?.Journal of Hospitality and Tourism Management,32, pp.108-114. Wirahardja, F., Turner, G. and Richardson, S., 2016. Who will stay in the hospitality industry?: A blue mountains international hotel management school case study.CAUTHE 2016: The Changing Landscape of Tourism an Zeng, B. and Gerritsen, R., 2014. What do we know about social media in tourism? A review.Tourism Management Perspectives,10, pp.27-36.