Risk Assessment and Business Management Essay - 911 Words

Risk Assessment and Management Problem The term risk assessment refers to an objective evaluation of risks to which end the assumptions and uncertainties are clearly put into consideration as well as presented. On the other hand in regards to risk management it has in most cases courted difficulties in the measurement of both the quantities in which risk assessment is concerned (Muzzi, Armando, and Augusto Panà  , 2000, pp. 99-103). This is because the potentiality of an anticipated loss and the probability of it occurring have proved pretty difficult to quantify. This leaves a huge margin of error in the quantification of these two concepts. Over the years, the concept of risk management has proven to be an integral part of a business†¦show more content†¦The committee would have representation from all sectors of the hotel industry and would comprise of the hotel owners, their senior management as well as representation from the employees. This would ensure there is support of the analysis project from the entire organization from its onset. Upon the establishment of such a committee, I would then embark on an identification of the hazards mission. This is the risk assessment or risk evaluation process. It would try to raise the risk that needs to strategize on this time with reference to the Riskaway project. Upon the attainment of this, I would then embark on a determination of those at risk and the risks in question, I would then steer the organization towards a business impact analysis. This crystalizes the core business areas of hotels that would require the usage and or protection offered by Riskaway. Bearing the fact that disaster is bound to take place and upon occurrence it might not be able to recover everything, the firm should envisage to rescue it core business from the disaster. This would then set pace for the fourth stage of recording and implementation of the precautionary measures. These measures should ensure that the envisaged core business segments that were realized to be the core areas requiring the services of Riskaway within the business impact assessment are preservedShow MoreRelatedAssessment 21997/01 Common Business Unit Establish Legal and Risk Management Requirements for Small Business (Bsbsmb401A) Customer Service Questions961 Words   |  4 PagesAssessment 21997/01 Common Business Unit Establish legal and risk management requirements for small business (BSBSMB401A) Customer service questions 1. What’s the difference between internal and external customers? In larger organisations where there is a number of staff to effectively deliver a service or product such as a hospital, you would find internal and external customers. For instance the IT department in a hospital would have many internal customers, as they help and support allRead MoreThe Emergence Of Risk Based Approaches1686 Words   |  7 PagesCh. 3.1 Emergence of Risk-Based Approaches Risk assessment is increasingly conducted by many groups within an organization to fulfil a variety of business and regulatory requirements. Various groups within the same organization often rely on guidance from different professional organizations to provide a framework for conducting the risk assessment. As financial organizations offer disparate approaches to risk assessment, they contribute to risk information. In this context, information systemsRead MoreRisk Assessment : An Essential Part Of A Risk Management Process1046 Words   |  5 PagesIntroduction The risk assessment is an essential part of a risk management process designed to provide appropriate levels of security for information systems. The assessment approach analyzes the relationships among assets, threats, vulnerabilities and other elements. Security risk assessment should be a continuous activity. Thus, a comprehensive enterprise security risk assessment should be conducted at least once every two years to explore the risks associated with the organization’s informationRead MoreThe Business Impact Analysis ( Bia ) And Risk Assessment1246 Words   |  5 PagesThe business impact analysis (BIA) and risk assessment are foundational elements of every effective business continuity program; however, in our experience, many business continuity planning participants experience a lot of confusion regarding the definitions, relationship, and expected outcomes between the two processes. This confusion often results in outcomes that fail to drive preparedness. 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As time goes by, new vulnerabilities will be discovered in various ICS components, and new risks may be introduced through changes to work practices, to the infrastructure itself, or to the environment in which the ICS operates. For this reason, it is critical to have in place a corporate risk managementRead MoreImportance Of Alignment Of It Risk Management Strategy1493 Words   |  6 Pagesof IT risk management strategy to organizational goal when business and IT operate in alignment, clearly visible links identify which IT assets and operations support business operations and the value they create. This visibility transforms IT from a cost center to a driver of business value. Alignment clarifies how IT resources may be deployed to market quicker, deliver more effective service to customers, and generate new returns streams for the business. Aligning an organization’s IT risk strategyRead MoreBusiness Risks And Business Risk1408 Words   |  6 PagesBusiness Risk is an uncertainty that is affiliated with a particular circumstance that could affect business operation or cause financial insecurities for the company. Business risk assessment is the process of determining whether a particular uncertain circumstance has the potential to threaten your business operations (Schwartz and Chandler, 2012). In the competitive market, it is important that businesses assess the risk regularly and respond with a sound reaction to be successful. Small businessesRead MoreRisk Assessment Methodologies And Risk Management Strategies888 Words   |  4 PagesRisk Assessment Methodologies Risk assessment is a key component to Risk Management strategies. If this assessment is ignored or not done correctly, vulnerabilities can be overlooked or not addressed at all leaving systems exposed. By picking an appropriate Risk Assessment Methodology, a business is able to define how the organization defines and reacts to risk making the process functional and repeatable. This report will briefly explain the process of assessing and managing risk, look at variousRead MoreRisk Assessment For A Financial Institution Essay1618 Words   |  7 Pagesfinancial institute. A risk assessment for a financial institution measures and helps manage compliance, financial and operational risks associated with both internal and external, activities and events. In today’s operating environment, numerous regulations and standards make risk assessment not only logical but vital for financial institutions. These are examples of regulation and laws that governs financial institutions, Regula tory compliance, Enterprise risk management, Internal audit, Bank Secrecy

Definition of Dialectology

The scientific study of dialects, or the regional differences in a language. Although to some extent an autonomous discipline, dialectology is regarded by some linguists as a subfield of sociolinguistics. What is Dialectology? Sociolinguists and dialectologists share some goals and methods. We both tend to be interested in the language of a particular place (a speech community), language in use, authentic speech, and defining a language variety in terms of how it might differ from the standard. A major difference is that in the past dialectologists or dialect geographers have been interested in the most divergent, traditional language of a community, assuming that other forms resulted from later movement toward the standard. Sociolinguists, on the other hand, are interested in the full range of forms in a community (and their social evaluation) ...The goals of dialect geography and dialectology have been to show where particular speech features are found, and to discover the boundaries between dialect regions. But dialect geography has also tried to find the most traditional speech in each region, on the assumption that regional dialects are most distinct when they havent been influenced by their neighbors , or by mainstream language.(Gerard Van Herk, What Is Sociolinguistics? Wiley-Blackwell, 2012) Dialect Geography Dialect geography [is] a methodology or (more accurately) a set of methods for gathering evidence of dialect differences systematically ...More than a century has elapsed since the first major project in dialect geography was undertaken, and in that time there have been hundreds of projects, great and small, that have made use of the methodology ...The resurgence [of dialect geography] began in the 1980s. We have already noted some of the benchmarks: the revival of the Middle and South Atlantic States project under Kretzschmar, the resumption of analysis of the survey of English dialects by Upton and his associates, and, of course, Pedersons Gulf States publications. In addition to these, significant regional projects are taking place in Spain directed by Manuel Alvar, in France sponsored by the Centre national de la Recherche Scientifique, and in many other places, including Mexico, Canary Islands, Vanuatu, and RÃ ©union. Dialect atlases are appearing in relative profusion, some of them belated culminations of old field work and others the end-products of more recent research.One reason for the resurgence is technological. Dialectology, the most data-oriented branch of language studies, finally found itself with tools commensurate to its task.(J. K. Chambers and Peter Trudgill, Dialectology, 2nd ed. Cambridge University Press, 1998) Social Dialectology Social dialectology differs from traditional dialectology in its shift of focus from rural, settled communities to communities characterized by immigration and mobility... A sign that social dialectology is maturing as a discipline is that scholars are now able to compare the results of a range of studies in order to locate and explain parallel developments.(David Britain and Jenny Cheshire, Introduction. Social Dialectology: In Honour of Peter Trudgill. John Benjamins, 2003) Forms of Dialectology In social dialectology, boundaries between varieties are identified on the basis of trained linguists observations of actual phonetic and grammatical features that constitute salient differences between varieties. In regional dialectology, boundaries are identified on the basis of what trained fieldworkers are able to elicit from speakers or speakers reports of what they usually say. In perceptual dialectology, the beliefs and thoughts that non-linguists have about language are used to distinguish varieties. Peoples perceptions about language, whether descriptively accurate or not, are just as important to the researcher as the objective facts about how speakers talk.(Miriam Meyerhoff, Introducing Sociolinguistics, 2nd ed. Routledge, 2011)

Building Trust through E-Commerce Free Essays

Suppose I am selling merchandises online – for instance, gift items for everyone – I know exactly how to convince my prospective buyers to trust my web site. Through the concept of â€Å"Free Information for All,† I would educate my web visitors, in the simplest way possible (without giving essential information to competitors), about the process of storing their credit card information and securing it from hackers and viruses. The rationale behind â€Å"Free Information for All,† is aiming at the minds of the potential customers, to make them think, feel and believe that they know all they need to know about where their credit card information is going. We will write a custom essay sample on Building Trust through E-Commerce or any similar topic only for you Order Now Images, such as secured vaults and huge powerful computers, will be used to instill in the minds of the viewers that my web site could not be any safer. In fact it is 100% safe and error-free. As for the action steps that I would take, I will begin by advertising banners and links that features a reverse psychology-inspired message, â€Å"Do not trust every online shop you see. Click to find the tricks of scammers. † Then, when they’re in my web site already, they will read another message, â€Å"Trust only those who can tell you everything you need to know about your shop and your account. Experience worry-free online shopping. † The second step is for me to make good on my word. Eventually, I will post â€Å"Testimonials† from the marketing department and from real people with pages in My Space. This will create a crisp, friendly feel in the website, and it will convince more people that my business and services are no hoax. The final step is just to ensure that my customers will enjoy a 24/7 customer support online and via toll-free number. Customers love to be pampered. I will pamper my customers, make them trust me, and make them go back to my store, with their friends in tow. Survey source: Safety in Numbers. June 25, 2002. The Resource for Security Executives. November 10, 2006. http://www. csoonline. com/metrics/viewmetric. cfm? id=393. How to cite Building Trust through E-Commerce, Papers

Driverless Cars free essay sample

A driverless car, also known as a self-driving car is an autonomous car which can perform the actions of the human being, as if a man were driving a traditional car. We can say that the car is independent of the human as the car only needs to be programmed with the destination. The mechanical part of the vehicle is held by the car its own. Moreover, to function, the car has some specific technology, for example laser, radar, GPS and computer vision. An example of an approved case of self-driving cars can be Google’s.In 2011 the state of Nevada was the first jurisdiction in the United States to pass a law concerning the operation of driverless cars. This law was turned into effect by March 2012 and the Nevada Department of Motor Vehicles gave the first license for a self-driven car in May 2012. This license was given to Google’s car which was in this case a Toyota Prius. We will write a custom essay sample on Driverless Cars or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Google got involved with this issue as it is trying to develop technology for driverless vehicles. In addition, the project is currently being led by Google engineer Sebastian Thrun, director of the StanfordArtificial Intelligence Laboratory and the co-inventor of Google Street View. To develop this system, Google also had to hire 15 engineers. This topic about self-driving cars involves also other issues such as hardware and software, social and ethical issues and the social impact. As regards hardware and software involved, it integrates Google Maps with various hardware sensors and artificial intelligence software so as to take its passengers where they want safely and comfortably. Google Maps provides the car with road information; the hardware sensors provide the vehicle with real time environment conditions and the artificial intelligence software provides the car with real time decisions. Google Maps interacts with the GPS and acts as a database. In addition, it is in charge of looking for speed limits, upcoming intersections, traffic reports, nearby collisions and directions. Concerning hardware, we have to take in account that it uses an array of sensors to navigate public roads without a human driver, and many other components. Google’s Toyota Prius possesses a lidar, which is a rotating sensor on the roof that scans more than 200 feet in all directions to generate a precise three-dimensional map of the car’s surroundings.