Funding of Media Venture Essay Example | Topics and Well Written Essays - 3500 words

Subsidizing of Media Venture - Essay Example It is the primary worry of the accompanying paper to talk about with instances of the key prerequisites for, and obstructions confronted when, looking for subsidizing for a media adventure. For a media firm to have the option to make sure about financing, one of the prerequisites much of the time is a strategy which contains a strong business idea. This is on the grounds that the subsidizing offices like the contributors, banks or patrons expect an arrival out of the assets they put resources into the media adventure. Therefore, they accept that a media firm with a decent business idea would have the option to contend viably with other media firms and at long last make benefit. Nonetheless, the media firms that don't have sound business ideas will much of the time think that its difficult to secure assets since they are seen to be hazardous organizations that may not contend viably in the media business. A decent business idea for this situation will remember subtleties of the triump hant item and administrations for type of value ad and innovative deduction by the media faculty particularly the columnists, the moderators and scholars. Hewlett-Packard Company for instance necessitated that those media organizations that look for subsidizing must initially guarantee that they have a sound marketable strategy. Item practicality is another key prerequisite that investors will in general glance at before giving financing to the media firms. They first glance at the likelihood of achievement of the item that the media needs to offer in the market. On the off chance that they understand that the items that the media needs to offer have high odds of accomplishment, the assets will be furnished without any difficulty since they accept that their ventures won't be placed in a business that is excessively dangerous with constrained odds of endurance. Picard noted on the opposite that investors are much of the time hesitant to give assets to media firms in the event that t hey set up that the items on offer have low odds of success2. Capital Threshold Most organizations that give subsidizing to media adventures necessitate that the last have a given sum as a feature of their money related base before they can be offered reserves. This circumstance was seen when HP Company declared their subsidizing system to web new companies in which they required intrigued media organizations to have a monetary base of $250000 in capital before they could be considered for funding3. This capital limit is intended to demonstrate the reality of the media organization. The capital base additionally guarantees that the organization can give security to its clients and customers before the business can get. This implies those media organizations that were looking for financing to wander into the internet providers yet did not have the expressed sum couldn't get assets from Hewlett-Packard4. Consistence with Government Regulations Before the media adventure can be given f inancing from outside sources, they are typically required to be in consistence with government guidelines and policies5. This is to guarantee that the business that is being financed is a legitimate substance and works inside the lawful structure. The media adventures that consent to the administration guidelines give indications of reality in working together rather than those that neglect to agree. The individuals who give financing to

Roman Architecture essays

Roman Architecture articles The Roman culture, similar to some other, had its modest beginnings. The historical backdrop of their design runs for all intents and purposes in sync with the historical backdrop of their realm to a degree. As the Empire extended so did the engineering, and as Romans turned out to be progressively radiant their design followed. Roman design had its unassuming beginnings as a type of love. The main Roman engineers were the old ministers and inhabitants who made zones of penance and love for their divine beings. From the outset, their homes were basic cabins yet as they became more intelligent and progressively mindful of their environmental factors, they raised momentous destinations for their divine beings. This space will be for adore and for only that; it will be four-square; ... whatever is done or said in this blessed space the divine beings will know about; whatever comes ... will be a sign from the divine beings. (Earthy colored 10) So, in the same way as other expressions, Ro man structures establishes are installed in the venerating and reverence paid in religion. The Romans were, obviously, not the first to reveal and rehearse a significant number of their structure methods of reasoning; be that as it may, they manufactured like no other society before them. Their strategies fused productivity and refinement to develop an entirely different look. So with the ascent of the Romans and the everlasting hail of Caesar after Caesar and Emperor after Emperor, Roman engineering extended and impacted structure over the world. In contrast to the Empire, however, Roman plan didn't bite the dust on account of the Germanics, or rather because of implosion; it kept on extending and have an influence in each significant style from the beginning of time. Today, a glance at any extension, passage, high rise and most structures will uncover a Roman impact. Indeed, even through its realms own tribulations and destruction, design has remained as an everlasting image of what Rome used to be, and what the remainder of the world is today. To finish up, Roman engine ering can't be taken a gander at as a minor timeframe or cu... <! Roman Architecture papers The structural style of Rome was immovably established in the Hellenistic customs. Notwithstanding, Roman culture is most likely more precisely reflected in the advancement of new building abilities and common landmarks. The style and development progress of Roman engineering was not quite the same as different styles, despite the fact that the cause of their thoughts originated from the Greek design. The Romans were first to utilize math genuinely for the curves, spans, water systems, rooftop, and basically the arch. The Romans took the thoughts of engineering from different nations and balanced it, so there were no help shafts required and the structures had the option to represent a large number of years without truly requiring reestablishing. The cutting edge nineteenth century structures couldn't keep going for even 100 years without being reestablished, not normal for the Roman's engineering which represented a large number of years a while later. The angled structure is one ex planation that the Roman's extensions were progressed for their time. The Romans were progressed in their methods for making a lasting extension. To start with, they made a vessel connect which comprised of pontoons lain one next to the other. From the pontoon connect, work started on the perpetual scaffold. It was to be made of wood and upheld on stone towers called wharfs which were to remain in the stream. A Cofferdam was a twofold cleaned box made of boards with the space between the internal and external boards being loaded up with dirt. This case was skimmed into position and afterward weighted down until it sank. The water was siphoned out with containers or a gadget called an Archimedean screw or tympanum The Cofferdams were manufactured, so the workers could erect the wharfs without going submerged. First the heaps of the Cofferdam, a bit of wood honed like a pencil, were crashed into the riverbed, at that point siphoned. At the point when the siphoning was done, every dock remained on an establishment of tar secured heaps and was developed of painstakingly cut stones within. The mortar utilized between the stones ... <!

Are people telling you the TRUTH 5 questions to ask yourself Hult Blog

In the first of three blogs for Hult, Professor Megan Reitz summarizes the findings of her research on Speaking Truth to Power, featured by Harvard Business Review and the BBC, and the subject of her new book, Speak Up: Say what needs to be said and hear what needs to be heard, (Financial Times Publishing, July 2019). Do you speak up? Are others telling you the TRUTH? Recent scandals such as Goldman Sachs 1MDB and the Boeing 737 safety issues show us that silence costs careers, reputations, and, in some cases, lives. Our research suggests that right now, 8% of employees are staying silent about something they believe could negatively impact their organization’s reputation. It also suggests that, although over three-quarters of us have ideas we believe would benefit our organization, up to 40% of us have not shared those ideas formally at work. Organizations can no longer afford malpractice to go unnoticed and ideas to go unheard. My research over the last five years, which has just been published in a new book ‘Speak Up: Say what needs to be said and hear what needs to be heard’ (Financial Times Publishing), co-authored with John Higgins, means I frequently get invited by leadership teams to help their teams speak up more effectively. â€Å"They just won’t speak up†, these leaders tell me. â€Å"They just need to step up! Be brave!† The problem is, speaking up is not simply a matter of courage. Courage is important, but, as my research shows, it is perhaps listening up thats crucial. You can train teams to speak up all you like, but if no one is listening, no action ever gets taken, or those that speak are actively punished, ridiculed or simply ignored, then it is a complete waste of time and silence remains king. Not only do we forget the importance of listening – our research shows that we tend to think we are far better at both speaking and listening up than other people. We therefore don’t try as hard as we need to and impatiently wait for them to get better at it so that the culture around here finally starts to shift for the better. To shift this impasse, we must face up to one unavoidable workplace dynamic that drives our habits of conversation. Power. We label one another all the time – job title, age, ethnicity, gender, personality, educational background All these, and many more, convey relative status – or take it away, depending on the context you are in. Here’s an example: in my 20s, working as a management consultant, I was told my problem was that when I was presenting at board level I was labeled young and woman (if I was lucky – sometimes it was girl). These labels in the boardroom didn’t and in many places still don’t compel others to listen. I had to work hard to be heard. On the other hand, we worked with a traditional British organization where the labels male, white, British, 50s, and Oxbridge undoubtedly meant you could expect to speak up – and be heard (see our article with Ben Fuchs on Advantage Blindness  in Harvard Business Review for more on this). This resulted in the most homogeneous group I’ve ever worked with grappling, with difficulty, the challenges of diversity and inclusion. So when we decide whether to speak or listen up we assess, consciously or unconsciously, our relative status and authority. We ask ourselves is it ok / expected for me to speak up now? and is this a person I’m expected to, or I should be listening to? Changing habits mean we must bring our assumptions about power out into the open. But we notice that hardly any teams or organizations we work with do this well. Through our research, we offer the TRUTH framework. This helps individuals and teams to consider power and enable them to think more carefully about their habits. Ask yourself these questions: How much do I  TRUST the value of my opinion, in comparison to how much I trust the value of others’ opinions? What are the RISKS involved when I or others speak up? Do I  UNDERSTAND the politics of who says what to who†¦ and why? Am I aware of the TITLES and labels others attach to me and I attach to others and how that shapes what gets said in conversations? Do I know HOW to choose the right words at the right time in the right place†¦or how, skillfully, to help others to speak up through what they say and do? Watch out for the next two blogs in this series, where I will be offering more analysis and advice on firstly how to speak up and then how to listen up effectively in the workplace. Part 2 will be published next week. Watch Megans TEDx talk on how power silences truth Dr. Megan Reitz Megan is Professor of Leadership and Dialogue at Ashridge Executive Education, Hult International Business School, and Founder of Reitz Consulting. She is listed on the Thinkers50 radar of global management thinkers and HR Magazine's Most Influential Listing. She writes, speaks, and consults in the areas of leadership, dialogue, mindfulness, culture, change, coaching, and team effectiveness. She is author of "Mind Time," "Dialogue in Organizations," and 'Speak Up: Say what needs to be said and hear what needs to be heard'. Related posts News Building success: Dual Degree students win at USASBE Community How going beyond business at Hult helped me launch my company Admissions Accepted Students Weekend: A weekend to remember Careers Career mapping: How to become an executive in the next 5 years 0 Thought leadership How to prepare for an uncertain future in a world of AI News Is mail a dying form for businesses and marketing? Instagram Hult Rotation offers you a chance to study in a truly global way. Our rotation program allows you to study and be immersed in some of the finest cities in the world. 📠¸: @jasminmanzano . Hult Rotation offers you a chance to study in a truly global way. Our rotation program allows you to study and be immersed in some of the finest cities in the world. 📠¸: @jasminmanzano . Each year, Hult seeks to enroll a talented and ambitious incoming class from all over the world. We look for diverse students with a wide range of experiences, perspectives, and interests—students who will thrive in our unique educational atmosphere. Are you ready for a truly global experience? 📠¸: @iambrunadiniz . Each year, Hult seeks to enroll a talented and ambitious incoming class from all over the world. We look for diverse students with a wide range of experiences, perspectives, and interests—students who will thrive in our unique educational atmosphere. Are you ready for a truly global experience? 📠¸: @iambrunadiniz . We’re excited to start 2020 on a ranking high! Hult is proud to have been placed #28 in Poets Quants 2020 rankings for Best Undergraduate Business Schools in the US. Taking a huge leap of 32 places from our 2019 position, we’re also very happy to have secured top positions in key categories like: life-changing experience, practicality of the degree, and global immersion. . With five global campuses, a student body of over 130 nationalities, and a learn-by-doing approach—Hult offers a student experience like no other. . We’re excited to start 2020 on a ranking high! Hult is proud to have been placed #28 in Poets Quants 2020 rankings for Best Undergraduate Business Schools in the US. Taking a huge leap of 32 places from our 2019 position, we’re also very happy to have secured top positions in key categories like: life-changing experience, practicality of the degree, and global immersion. . With five global campuses, a student body of over 130 nationalities, and a learn-by-doing approach—Hult offers a student experience like no other. . â€Å"I’m from an engineering background and needed a whole new skill set for the industry I wanted to switch to. I learned a lot about myself and how I deal with being out of my comfort zone. I learned both soft and hard skills, from how to work in very diverse teams to key accounting metrics and strategy. I was surprised by how weak I was at certain tasks in English or how strong I actually was in other areas. Hult gave me opportunities to try new things and meet people from places I never thought I would have friends. . My internship experiences gave me the chance to broaden my view of different cultures and different companies. I had the opportunity to work and live with people whose values differed from people in my home country. I thought that this would be difficult, but it gave me the chance to reflect on my own values and assess if they were a result of my home country environment or if they were intrinsically mine. . Diederick ter Kulve (@diederick.terkulve) Netherlands Masters in International Business . â€Å"I’m from an engineering background and needed a whole new skill set for the industry I wanted to switch to. I learned a lot about myself and how I deal with being out of my comfort zone. I learned both soft and hard skills, from how to work in very diverse teams to key accounting metrics and strategy. I was surprised by how weak I was at certain tasks in English or how strong I actually was in other areas. Hult gave me opportunities to try new things and meet people from places I never thought I would have friends. . My internship experiences gave me the chance to broaden my view of different cultures and different companies. I had the opportunity to work and live with people whose values differed from people in my home country. I thought that this would be difficult, but it gave me the chance to reflect on my own values and assess if they were a result of my home country environment or if they were intrinsically mine. . Diederick ter Kulve (@diederick.terkulve) Netherlands Masters in International Business . Say a big hello to our Bachelor of Business Administration program cover star, Elisa Orus Plana âÅ" ¨ . â€Å"I’m excited for the future—especially that I cant predict whats going to happen. Maybe Ill end up in Mexico working for a trading company or maybe in Africa, developing my own business. Everything is possible, and the options are constantly changing. I love the idea that Im never going to be stuck doing the same job until the end of my life if I dont want it to be like this. . Hult really supports me and my ambitions and truly believes that we deserve to be considered as professionals as well as students. Here, I get to express not just my opinions but all elements of myself. From my creative side with the Fashion Society to my finance and business sides in Trading Club and the Management Consulting Club. We get a different type of learning here. Not just essential knowledge and theory, but practical skills and mindset. The school is always evolving. We’re encouraged to innovate and to always look for new ways of doing traditional things. We learn how to be more confident and become aware of how we can impact our environment. The school aims to help you become a better version of yourself and to stand out from the crowd.â€Å" . Elisa Orus Plana French Bachelor of Business Administration Class of 2021 Say a big hello to our Bachelor of Business Administration program cover star, Elisa Orus Plana âÅ" ¨ . â€Å"I’m excited for the future—especially that I cant predict whats going to happen. Maybe Ill end up in Mexico working for a trading company or maybe in Africa, developing my own business. Everything is possible, and the options are constantly changing. I love the idea that Im never going to be stuck doing the same job until the end of my life if I dont want it to be like this. . Hult really supports me and my ambitions and truly believes that we deserve to be considered as professionals as well as students. Here, I get to express not just my opinions but all elements of myself. From my creative side with the Fashion Society to my finance and business sides in Trading Club and the Management Consulting Club. We get a different type of learning here. Not just essential knowledge and theory, but practical skills and mindset. The school is always evolving. We’re encouraged to innovate and to always look for new ways of doing traditional things. We learn how to be more confident and become aware of how we can impact our environment. The school aims to help you become a better version of yourself and to stand out from the crowd.â€Å" . Elisa Orus Plana French Bachelor of Business Administration Class of 2021"> During the final days of 2019, you probably reflected on what you’ve accomplished this year—and even this decade—and what you’d like to achieve in 2020. Let us know in the comments below. During the final days of 2019, you probably reflected on what you’ve accomplished this year—and even this decade—and what you’d like to achieve in 2020. Let us know in the comments below. â€Å"The first time we did group work on the program, I went head-to-head with a colleague. It taught me a lot about how I see people, how people see me, and how conflict can be resolved in a kind and productive way. The best feedback you get, when delivered constructively, is the most critical because it really feeds into how you lead. I’ve completely reversed my leadership style—the result is so much richer and more powerful when you lead from behind and lead with strength. . Studying in tandem with working, whilst challenging, gave me the perfect platform to directly apply learning concepts into my business environment, the competitive landscape, and the real-estate industry as a whole. When I started the program, I was very happy in my corporate role. But my courage and aspirations grew to the point that I took on a whole new direction. Having my career coach, Joanna, as a sounding board allowed me to really be strategic and get to know myself. She coached me thro ugh all the interviews, the research, and the questions. It went in parallel with what I was doing academically and after six months everything just clicked. . I went into the EMBA knowing I had nothing to lose and I’ve come out with everything. Great strength, global friends, amazing learning, mentors from professors, a job I love, and the knowledge that I can set my mind to achieve anything and with the right support and resources I’ll get there.† . Kashani Wijetunga British, New Zealand Sri Lankan Associate Director Senior Strategy Consultant CBRE EMBA Class of 2019 . â€Å"The first time we did group work on the program, I went head-to-head with a colleague. It taught me a lot about how I see people, how people see me, and how conflict can be resolved in a kind and productive way. The best feedback you get, when delivered constructively, is the most critical because it really feeds into how you lead. I’ve completely reversed my leadership style—the result is so much richer and more powerful when you lead from behind and lead with strength. . Studying in tandem with working, whilst challenging, gave me the perfect platform to directly apply learning concepts into my business environment, the competitive landscape, and the real-estate industry as a whole. When I started the program, I was very happy in my corporate role. But my courage and aspirations grew to the point that I took on a whole new direction. Having my career coach, Joanna, as a sounding board allowed me to really be strategic and get to know myself. She coached me thro ugh all the interviews, the research, and the questions. It went in parallel with what I was doing academically and after six months everything just clicked. . I went into the EMBA knowing I had nothing to lose and I’ve come out with everything. Great strength, global friends, amazing learning, mentors from professors, a job I love, and the knowledge that I can set my mind to achieve anything and with the right support and resources I’ll get there.† . Kashani Wijetunga British, New Zealand Sri Lankan Associate Director Senior Strategy Consultant CBRE EMBA Class of 2019 . â€Å"It was now or never. I knew that I’d have likely stayed in my neighborhood for years to come if I didn’t take this opportunity. I’d not lived or studied outside of the U.S. before. So I left my job as a global strategist at an advertising agency and moved halfway around the world. I’ve come back a more culturally aware, well-versed person. I’ve realized that everything is a learning experience and an opportunity for growth. Ill definitely carry this mindset with me into the future. Technology and social media allow us to be different people in several places at once. Im excited to see how I can establish myself in whatever city Ill be lucky enough to call home and still maintain deep connections with people all over the world. I’m inspired by my classmates every day. Hearing some of their life stories and how getting this degree fits into their greater mission has been very humbling. My biggest challenge has been finding the ‘right’ path for me. There have been rooms Ive felt like I shouldnt be in, but now Im proud to feel as though I truly belong, wherever I am.† . Dwayne Logan, Jnr. American MBA Class of 2019 . â€Å"It was now or never. I knew that I’d have likely stayed in my neighborhood for years to come if I didn’t take this opportunity. I’d not lived or studied outside of the U.S. before. So I left my job as a global strategist at an advertising agency and moved halfway around the world. I’ve come back a more culturally aware, well-versed person. I’ve realized that everything is a learning experience and an opportunity for growth. Ill definitely carry this mindset with me into the future. Technology and social media allow us to be different people in several places at once. Im excited to see how I can establish myself in whatever city Ill be lucky enough to call home and still maintain deep connections with people all over the world. I’m inspired by my classmates every day. Hearing some of their life stories and how getting this degree fits into their greater mission has been very humbling. My biggest challenge has been finding the ‘right’ path for me. There have been rooms Ive felt like I shouldnt be in, but now Im proud to feel as though I truly belong, wherever I am.† . Dwayne Logan, Jnr. American MBA Class of 2019 . Happy New Year, Hultians! . Happy New Year, Hultians! .

Pauli Exclusion Principle Definition

The Pauli exclusion principle states no two electrons  (or other fermions) can have the identical quantum mechanical state in the same atom  or molecule. In other words, no pair of electrons in an atom can have the same electronic  quantum numbers n, l, ml, and ms. Another way to state the Pauli exclusion principle is to say the total wave function for two identical fermions is antisymmetric if the particles are exchanged. The principle was proposed by Austrian physicist Wolfgang Pauli in 1925 to describe the behavior of electrons. In 1940, he extended the principle to all fermions in the spin-statistics theorem. Bosons, which are particles with an integer spin, do not follow the exclusion principle. So, identical bosons may occupy the same quantum state (e.g., photons in lasers). The Pauli exclusion principle only applies to particles with a half-integer spin. The Pauli Exclusion Principle and Chemistry In chemistry, the Pauli exclusion principle is used to determine the electron shell structure of atoms. It helps to predict which atoms will share electrons and participate in chemical bonds. Electrons which are in the same orbital have identical first three quantum number. For example, the 2 electrons in the shell of a helium atom are in the 1s subshell with n 1, l 0, and ml 0. Their spin moments cannot be identical, so one is ms -1/2 and the other is ms 1/2. Visually, we draw this as a subshell with 1 up electron and 1 down electron. As a consequence, the 1s subshell can only have two electrons, which have opposite spins. Hydrogen is depicted as having a 1s subshell with 1 up electron (1s1). A helium atom has 1 up and 1 down electron (1s2). Moving on to lithium, you have the helium core (1s2) and then one more up electron that is 2s1. In this way, the electron configuration of the orbitals is written.

Karl Barths Relational View of Imago Dei Essay - 1880 Words

â€Å"26 Then God said, ‘Let us make mankind in our image, in our likeness...27 So God created mankind in his own image, in the image of God he created them; male and female he created them.’† Genesis 1:26a, 1:27 The stories which humans tell about their origins are always cherished and held in high regard. In fact, no culture has existed which has not created or attempted to create some story of origins. Every culture has had some means in which to say this is where we came from. Especially in cultures where religion found itself prevalent, the mythology of origins became not only a status or anthropology but also a theology. In which case, we find that Christianity is not alone in this struggle, though our struggle may be unique in kind.†¦show more content†¦We exercise our freedom not in complete isolation but in continuous interaction with others.† But this sort of identity is not individualistic in nature rather it exists in both equal and mut ual forms between the two sexes of humanity. Barth here chooses to use the language of relationship rather than that of the material. For humans do not own this imago rather they reflect it and instead of the image of God being physically present within. â€Å"For it is not God in us but rather we are in relation to God through imago dei.† We tend elude the discussion of imago dei in the material language, and instead lean towards this discussion with relational language, is for several different reasons. The first being that material terms has unfortunate negative connotations, especially within our own society. â€Å"Men and women are seeking, inquiring, expectant beings.† Humans have a sense of infinite within them, whether they wish to acknowledge it or not. An interesting paradox which has shown up within human behavior is the fact that the more materialistic humans become the less satisfied they truly are. A great example from the history of the church would be Augustine’s famous prayer, â€Å"You have made us toward yourself, and our hearts are restless until they rest in you,† which exemplifies the point. This restless is no better than a parasite which eats its carrier alive from the inside out. â€Å"Humans are radically temporal beings,†Show MoreRelatedWord Of God As Written, Incarnate, And Proclaimed1218 Words   |  5 Pagessimply a collection of personal religious intentions, expressions, and understandings. Barth does not view the written Word as religious views, but as an objective event where Christ is the subject of the revelation. â€Å"Scripture is Holy and the Word of God as by the Holy Spirit it became and will become to the church the witness of God’s revelation.† Barth 2. The Word Proclaimed: The Barthian view of the Word of God proclaimed says that: â€Å"We are unprofitable servants, and in no sense are we to imagineRead MoreImage of God in Man Research Paper4644 Words   |  19 PagesGod in man is a doctrine that is fundamental to understanding the soteriological implications of humanity, which is best understood through the examination of Christ’s humanity with regards to various views held. Table of Contents INTRODUCTION 1 THE IMAGE ITSELF 1 MAJOR VIEWS TO THE IMAGE OF GOD IN MAN 3 IMPLICATIONS TO THE IMAGE OF GOD IN MAN 5 THE HUMANITY OF CHRIST 8 CHRIST AS THE IMAGE OF GOD 12 CONCLUSION 13 BIBLIOGRAPHY †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦

Managerial Theory of Firms

Question: Evaluating the usefulness of the theory as a tool for understanding the process of decision-making and target setting in the modern corporations? Answer: Introduction The theory of firm is generally defined as the accumulation of resources which are altered into various products that are demanded by the consumers. The organization also coordinates and buys the services and the production factors like labor, capital and land. The firm also manages the production and marketing of its goods. The decision makers of the firm often ask questions like: What should be produced? Where the production will take place? What should be the quantity of production? Etc (Richardson, 1972). Theories are basically the conceptualizing of the firm. It answers the questions like why the firm exists along with what is a firm. These are the fundamental things which are required for understanding the corporate governance. The different theories of firm also help in understanding why firms have organized businesses and how it impacts on the firm and the society. The theories of firm might be classified into two divisions, incomplete contracting model and principal agent model (Williamson, 1981). The managerial theory of firms has a great impact on the decision making process and the marketing area of the organization. The managerial theories decide the growth and development of the modern organizations. Managerial theory of firms The managerial theory of any organization is the economic theories which discusses about the way the modern management has impact on the various economic system of the firm. There are various different theories which has been researched thoroughly in management literature and also applied in different businesses. The managerial theories are categories into three groups. They are as follows: Discretionary Literature: In this theory the managers are assumed to take decisions mainly based on the cost and price and are not under strict supervision of the owners and direct stake of the firm. Growth oriented theories: This theory is similar to the previous theory but here long term goal is assumed and the managers dedicate themselves in developing the firm and its growth. Bureaucratic theories: This theory includes the owners of the firms who control the enterprise and also seek various strategies to reduce the risk. All the above mentioned types of theories have significant role in decision making of the firm and also help in setting the target of the organization. Managerial theories have both theoretical and empirical usefulness in various organizations. Management theory supplies basic knowledge for management process which includes organizing, controlling, leading and planning of the various regions of an enterprise. According to Taylor if management theory and process was approached scientifically then it would lead the firm towards development and success. His principles on scientific management started a revolution among the leaders of various organizations and changed their view on both position and process of a manger (Koontz, 1962). Many behavioral scientists have suggested involving many community organizations which would assist in making different strategies and also planning. Management theory also discusses about the importance of emergency management where the organization can use quality management and make proper use of the resources even during a disaster. However there exists a body of opinions which discusses the evolution of management after and during the Second World War. The management theory was the main topic of research after the industrial revolution which brought in specialization and mass production around the world (Turnbull, 1997). Management Theory has a significant role in decision making skills and techniques. According to management theory the decision makers of an organization must follow certain simple steps before making a decision or forming a strategy. The steps which are to be followed are given bellow: Identifying the purposes of the decision: The mangers must identify the reasons for taking the decision. What is the problem that needs solving? Why should it be solved? These are the few questions that one should ask. Gathering Information: The leaders and decision makers must collect all the relevant data and information before taking or implementing a decision. Identifying the principles for judging the alternatives: The mangers must search for the standards and also the judgment criteria that must meet the solution. Other possible choices: The decision makers and mangers must also take other possible choices into consideration before implementing their decision. Evaluating each of the choices and its consequences: Each of the choices made by the mangers must be evaluated thoroughly and changed according to their consequences. Determining the best alternate option: The decision makers must always go for the best alternate option. Putting the decisions into action: The decision must be converted into action steps and implemented on the right time. Evaluating the result of the decision: The mangers must thoroughly evaluate the consequences of the taken decision. Thus management theory has a deep impact on the decision making process of an organization. Management theory provides extensive details to understand the decision making process. However according to management theory decision making is difficult as it deals with both satisfaction and dissatisfaction of certain people. For example Sko-Die is a manufacturing company for 50 years. All the managers were leading the organization till some of them decided to leave. However the organization recruited new mangers for running the organization rather than promoting the old employees who were the team members of the organization. Since the new mangers are new to the organization they are less loyal and there is constant clash among the ideas of the employee. Due to this decision many employees are leaving Sko-Die at an alarming rate. Management theory also has detailed explanation of the importance and process of setting target in an organization. The importances of setting goals as discussed according to management theory are as follows: Motivating the workforce Goals and targets always motivate the workers in the organization. Firm goals encourage the team members in devoting extra energy for the firm. Help Stakeholders The shareholders, lenders and investors are the major part of an organization. The long term and short term goals of the firm has a great financial impact on the stakeholders. Thus setting targets assists them in taking better decisions for the company. Attracting new clients Certain goals and targets attract various partners and vendors. These will build a confidence among the stakeholders that the organization is progressing towards growth and development. Meet the financial targets Sales are the intrinsic part of an organization. It determines the revenue generated by the organization. Well structured targets and goals help the firm in accomplishing the sales target. According to management theory there are five characteristics that should be maintained while setting a goal. They are as follows: Specific: The targets must be specific and must not be vague. It must be properly interpreted and understood. Measurable: The goals must be measurable. The firm must have goals which can be measured. Attainable: The leaders of must set such goals which can be achieved by the organization. Thus only attainable targets must be set. Relevant: The goals and targets must be related to the firms mission and vision. Timely: The targets must be time bounded and thus helping the organization in focusing on the deadline of the target. Thus managerial theory provides a detailed importance and process in setting goals and targets of an organization. For example Unitech is an American organization which specializes in manufacturing telecommunication devices like phones, mobiles, wireless radios etc. The organization decided to expand its market and thus it opened up a branch in China and Australia. Both the branches manufacture telecommunication devices (Lewin Regine, 2000). As a result the market of the organization expanded in China and Australia. Similarly many western organizations started building branches in the east in order to expand their market. In the year 2009 LOreal targeted to be the number one leading brand in cosmetics in the world. Thus with proper utilization of resources and implementation of strategies the organization became the leading cosmetic brand in the year 2013 with an annual profit of $ 14.6 billion. Modern organizations take the help of management theory in developing their business. The various methods that the organizations use for their success are based on the management theory. Conclusion Thus from the above detailed study about management theory and its both theoretical and empirical application on setting target and decision making we have learnt the importance of it the success of an organization. Management theory basically deals with the economic condition of a firm. It discusses about the strategies that an organization should undertake in order to make the economic condition of the firm good. It helps the firm in facing challenges that it faces during its growth and expansion. However Henry Ford had a different view on management theory and thus he changed many marketing and managing strategies in his organization. In the beginning of 1920, Sloan resisted the strategies used by Ford and started following the management theory. After that many automobile companies like Cadillac, Buick, Pontiac and Oldsmobile started following the methods of Sloan (FEMA, 2000). Thus management theory has proved its importance and significance over the years in various organizations. Reference Koontz Harold (1962) Making Sense of Management Theory, in Harvard Business Review, July-August. Koontz Harold and Weihrich Heinz (1990) Essentials of Management, Fifth Edition, McGraw-Hill. Fleet David D. Van and Peterson Tim O. (1994) Contemporary Management (Houghton Mifflin Company), Third Edition. Williamson, Oliver E. (1981), The Modern Corporation: Origins, Evolution, Attributes, 19 Journal of Economic Literature, 1537-1568. Turnbull, Shann (1997), Stakeholder Governance: A Cybernetic and Property Rights Analysis, 5(1) Corporate Governance: An International Review, 11-23. Segal, Ilya R. (1996), Modeling the Managerial Task, California, Department of Economics, Berkeley. Richardson, G. (1972), The Organization of Industry, 82 Economic Journals, 883-896. Roberts, Karlene H. and Robert G. Bea (2001). Must accidents happen? Lessons from high reliability organizations. Academy of Management Executive. 15:70-78. Drucker, Peter F. (2002). The Effective Executive Revised. Harper Collins. Federal Emergency Management Agency (FEMA). "Planning for a Sustainable Future: The Link Between Hazard Mitigation and Livability". FEMA Report 364. Johnson, Richard A., Fremont E. Kast, and James E. Rosenzweg.(1963). The Theory and Management of Systems. New York: McGraw Hill. Lewin, R. and B. Regine (2000). The Soul at Work: Embracing complexity science for business success. Simon Schuster.

Race to College free essay sample

â€Å"Racer ready? Racer go when ready.† As I stand at the top of the hill, waiting behind the starting gate, I stare blankly at the crowd that’s watching, cheering, and screaming back at me. One. I gather my thoughts, and stare down the monstrous course ahead of me. Two. I let the adrenaline rush through my veins. I hype myself up as I slam my skis down one foot after the other. Three. I’m off. As I launch myself down the hill, I see the first. I have a mere two to three seconds to observe the conditions around me. Is the snow rutted? Is the snow icy? Is the snow perfect? I have seconds to prepare myself for the challenge. I pass the first gate. Not perfectly or smoothly, but I still got through it. The second, the third, and the fourth gates pass and I’m headed for the next. We will write a custom essay sample on Race to College or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I’m not prepared. The grass shows its evil green blades through the snow and grabs onto the bottom of my skis. I slow down and fall face first into the snow. What just happened? What do I do? I check to see if I’m alright. None of my skis fell off and no bones are broken. I can still finish this race. I jump to my feet and start climbing back up to the gate I missed. As I go around it, I can see the finish line. I see my coach cheering me on; I hear my family screaming my name, and I watch my teammates at the bottom. Faster, I think. I need to finish this race. Determination shoots through me and I get a burst of energy. I go faster and faster and soon enough, I finished. In those 25-30 seconds of racing down the hill, I observe and prepare. I fall down, examine my conditions, and get back up again. I climb back up the hill, and I think of the people I am making proud. When I ski, I am faced with challenges and I need to assess what they are and how I can fix or avoi d them. When I fail, I do not give up, and I do not quit. Instead, I get back up and try harder. And college is a lot like skiing.

Essay on Shipping BusinessEssay Writing Service

Essay on Shipping BusinessEssay Writing Service Essay on Shipping Business Essay on Shipping BusinessToday, shipping business keeps progressing and evolving fast under the impact of the progress of new technologies and trade. The shipping industry faces the stiffening competition as one of the main driving forces that stimulates companies to expand their business and focus on the integration, either vertical or horizontal. The main point of the integration is the enhancement of the efficiency of the organizational performance and improvement of the competitive position. These goals may be achieved through the higher efficiency of the organizational performance, which is achieved through the better allocation of resources, diversification of services and their higher quality or introduction of innovations that can put a shipping company into an advantageous position in the highly competitive business environment. Therefore, the integration, either horizontal or vertical becomes one of the main issues concerning the further business development of companies operating in the shipping industry. In such a situation, the question that begs is whether vertical or horizontal integration is more preferable and better for companies operating in the shipping industry. In fact, there can hardly be the universal answer since each company   should take into consideration its own goals, resources, marketing strategies and other issues, but the vertical integration seems to be more prospective in light of the current economic development of the world and shipping industry in particular. In actuality, the shipping industry faces the urgent need to enhance the vertical integration to meet the current marketing demand and customer needs and expectations and to enhance the position of companies operating in the industry in their competitive struggle.Background of shipping business  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The globalization of the world economy and trade are the major trends in the development of the modern economy. Globalization con tributes to the acceleration of international trade that leads to the growing demand on shipping services because the growing trade requires more shipping since goods, materials and supplies have to be delivered in time and to the target destination worldwide. Shipping services are essential for business, consumers, non-profit organizations and government agencies. Virtually all of them need shipping services.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The consistent extension of the shipping distance leads to the change in the shipping industry and services offered by shipping companies. In this regard, the importance of the introduction of technological innovations, to track the shipping, for example, emerges because customers want to be certain in the in time delivery of their items. To meet those wants and needs, shipping companies tend to the closer cooperation with companies operating in other industries to increase the effectiveness of their performance.Vertical integrationV ertical integration is the process in which several steps in the production and/or distribution of a product or service are controlled by a single company or entity, in order to increase that company’s or entity’s power in the marketplace (Khor, 2011). In fact, the vertical integration implies the expansion of the market operations and presence of the company in different industries. In case of the vertical integration, the company tends to acquire or merge with suppliers, for example, or develop new business entities to enter new segments or new markets.Researchers (Peters, 2012) distinguish different types of vertical integration. The backward integration  is the example where in the company tries to own an input product company. Like a car company owning a company which makes tires (Gomory, 2012). In such a way, the company shifts down in the production and business line to expand its market and business operations. The forward integration  is the vertical integ ration, where the business tries to control the post production areas, namely the distribution network. Like a mobile company opening its own Mobile retail chain (Barry, 2004). Finally, the balanced integration is a mix of the above two. A balanced strategy tends to take advantages of both the worlds (Barry, 2004). The balanced integration allows the extensive expansion of the company to the extent that the company tends to create the full business cycle. For example, a shipping company can build the full business cycle from supply of materials and resources required for shipping to the provision of means of transport and selling and probably production of goods, which the company ships to customers.The vertical integration helps companies to hold a stronger competitive position, if the interaction with companies operating in other industries is needed. This strategy is particularly effective when the competition in the industry is tight and companies face difficulties with their ho rizontal extension. At the same time, the extensive vertical integration may raise a risk of monopolization of the market, but such risk is lower compared to the horizontal integration, because vertically integrated companies operate in diverse industries.Horizontal integrationHorizontal integration (also known as lateral integration) simply means a strategy to increase the market share by taking over a similar company (Mohrman, 2012). This take over / merger / buyout can be done in the same geography or probably in other countries to increase the company’s reach (Mohrman, 2012). The immediate advantage of implementing them is to: have economies of scale;   expand knowledge and capabilities; increase market (and profits); own the whole life cycle so that you can change it the way required; reduce competition (by merging with them rather than competing); provide better services (Mohrman, 2012).The horizontal integration contributes to the increasing market share of the compa ny and helps to take a stronger position in the market. The market expansion occurs through the integration, which involves the acquisition and merger of companies and units within the same industry and market. For example, in case of the shipping industry, an air transportation company acquires or mergers with other air transportation companies to enter new, international markets and expand its market share globally.The horizontal integration in the shipping industryThe horizontal integration in the shipping industry may involve the integration of the transportation units, such as units providing automobile transportation services, train transportation services, sea transportation and air transportation. Such integration is extensive and consistent but, still the market expansion occurs within the shipping industry solely and the company does not shift toward new markets as is the case of the vertical integration. Instead, the company focuses on the most prospective segments or mar kets, if the company expands its business internationally, for example.Essay on   Shipping Business   part 2

Hospitality Law Essay Example | Topics and Well Written Essays - 250 words - 1

Hospitality Law - Essay Example The law is found under the section of Federal social Security, Unemployment Insurance, and Workers Compensation (FUTA) (Boella and Alan 34-49). The FUTA has a subsection where, Meals and Lodging benefits are extended to the workers. It is under particular state laws, for example, in New York (Boella and Alan 54-56). All 50 states enacted workers’ compensation law, which outlines statutory framework for every employer to compensate workers for injuries at work. It insures the employees against occupational risks and hazards. In case of an incident (injuries or sickness), the medical care and benefits are catered for by the employer, while if death ensues, payments are given to the spouse and dependents as the law defines. The compensation act outlines that in the event of negligence, the worker has the right to sue his or her employer according to the common law. Therefore, the occupier has to obtain insurance from private companies or state agencies that cover claims of work-related injuries. In New York, an occupier is not allowed to charge any cost of insurance compensation to the employee. Workers must be advised about their right and the procedure of filing a claim by use of accessible and strategically placed posters. The posters postulate that the premise complies with the Workers’ Compensation Law (Form C-105 in New York). In case of noncompliance, the employer is fined $100 after every 10 days for assessment and may be prosecuted for a misdemeanor in a criminal court (Boella and Alan 71-78). The compensation depends on defined amounts or formulas that in turn depend on four classifications of disabilities that result from injuries. The disability classes include temporary total, permanent total, temporary partial, and permanent partial disabilities. The act also provides for â€Å"scheduled injuries† (amputations of limbs or eyesight loss). The payments that the workers

Personal Statement and Finance and Marketing Essay

Personal Statement and Finance and Marketing - Essay Example My current course required that we undertake assignments as part of the assessment process, and this often involved working alone undertaking primary and secondary research, or working as part of a team and practicing our project management skills. I found this an enjoyable experience as I was able to make a valuable contribution to the team for group assignments, and contribution is essential in the area of finance and marketing. By working on my own, I managed to enhance my problem solving and analytical skills, which are important in the business environment as there may not always be opportunities to contact or discuss with other members, but at the same time, it helped me make decisions and gain confidence in myself. Marketing also requires that an organisation and its individuals adapt to the current competitive climate as the market is no longer static. However, finance systems and management have also got to adapt to this dynamic environment and this is the area I have an int erest in. Financial management is essential to the development of a nation, as it affects various areas of government such as economics, trade, and international relations. Financial management is also the backbone of the microeconomic policies implemented in this country.

Doing Psychotherapy Essay Example for Free

Doing Psychotherapy Essay The book entitled â€Å"Doing Psychotherapy† written by Dr. Michael Franz Basch is renowned as a functional guide that could be used in implementing effective psychotherapy. As such, this book is considered as an insightful composition that is profound in such a manner that it clearly renders factual actions and activities as to how such psychiatric therapy works. Distinct from any other book with the same topic, Dr. Michael Basch’s opus about psychotherapy is not only a representation of his brilliant ideas and views with regard to the relationship between the therapist and its patient but also serves as an essential demonstration of the real occurrence in psychotherapy. Dr. Michael Franz Basch is a Professor of Psychotherapy at Rush Medical College and also serves as a Supervising Analyst at the Chicago Institute of Psychoanalysis (Basch, 1980). In addition to this, he also works as an attending Psychiatrist at Michael Reese Hospital and Medical Center (Basch, 1980). Overview of the Mechanism and Tools The ccomprehensive interpersonal relationship and open communication between the therapist and the patient is one of the major mechanisms presented in the book as this is essential to bring about change. In here, the author gives an emphasis on the behavior of the therapist in which he said that psychoanalyst must not have personal bias and control their emotions against the actions of their client to be able to initiate change in psychotherapy and render positive results for their patients. Moreover, the book has also utilized various system based from reliable clinical protocol without the exclusion of the unavoidable mistakes which the therapist may commit. As such, the book has utilized a profound mechanism in providing the reader a therapeutic discussion through the method used in presenting factual experiences, which essentially occurs in the actual treatment of psycho cases with varying difficulty. Likewise, the author concentrates in discussing the treatment for the patients with light cases that normally receives little concern and are generally disregarded in most of the training guides, but requires essential attention as the personal relationships of these patients are normally unsatisfying, disturbed and habitually unhelpful. Critiques and Concepts Presented In the book, the author clearly states his concept that the quality of the relationship between the psychotherapist and the client is an essential factor in which it has a greater influence in achieving helpful outcomes on the client’s end. As such, this concept tells that a good relationship between the client or patient and the therapist is more inclined to achieve a positive outcome. In addition to this, the author said that in designing psychotherapy, the process of diagnosis must be done accordingly. Hence, the treatment process must be in line with the condition and diagnosis of the client. From a personal point of view, such concepts in psychotherapy may not be as effective as it is perceived by just relying on the stability of relationship between the two parties and the definition of the case. Hence, this should be well-supported with the accorded clinical protocols towards the treatment of psycho disorder. With this, it can be said that a more helpful and positive outcome for the patients as well as for the entire process of therapy is within reach. Conclusion In the end, the approach of Dr. Michael Franz Basch that have developed for the past decades of practicing and teaching in the field psychotherapy is indeed logical and dynamic in which he evidently states that management of the transference relationship is a positive stepping stone for the treatment process. As such, most of his teachings and concepts presented in the book are evidently modern in which his thoughts evades the stiffness that is often associated with the classical psychoanalytical position and seems to be an integration of various techniques from the different disciplines of therapy. Hence, Dr. Basch emphasizes in his concepts that building on the patient’s strengths is more essential and helpful towards effective psychotherapy, rather than concentrating on studying the illness or condition of the patient. Nonetheless, the book â€Å"Doing Psychotherapy† is indeed functional in serving as an ideal guide for the professionals engaged in clinical work. Reference Basch M. (1980). Doing Psychotherapy. Michigan. Basic Books

Does a Violent Media create a Violent Society? Essay -- social issues

Does a Violent Media create a Violent Society? This issue is one of constant debate, with no real solution. There are many things society as a whole and individuals can do to appease or inflame the issue, however each argument has a counter argument and a counter argument will exist for that and so on. Because it is an issue of such heated debate with no answer or possibility of an answer should we just leave the issue be and choose not to address it further? Or should we make the issue widely known so society is more aware of the role the media can play. Or perhaps we should leave it to the media to publicise that. After all the media does have a strong influence. Take the late 1980's film Terminator, one of the highest grossing films of the 80's. This means millions of people worldwide have been to see it at the movies, and then most probably, rented it out on video. Have these millions of people gone out and killed their arch enemies? I think not. However the file Terminator may have inspired, planted the idea, or conceptualised the seed of an idea in someone's mind. And one or, possibly more murders can be associated with the movie Terminator, a certain method of killing perhaps mimicked in a psychos' rage. Yet isn't it more than likely that the ONLY aspect of the murder affected by Terminator and such films may have been just the technique used. I believe it is more than likely the killer/murderer/stalker would have performed his duties anyway. I s... Does a Violent Media create a Violent Society? Essay -- social issues Does a Violent Media create a Violent Society? This issue is one of constant debate, with no real solution. There are many things society as a whole and individuals can do to appease or inflame the issue, however each argument has a counter argument and a counter argument will exist for that and so on. Because it is an issue of such heated debate with no answer or possibility of an answer should we just leave the issue be and choose not to address it further? Or should we make the issue widely known so society is more aware of the role the media can play. Or perhaps we should leave it to the media to publicise that. After all the media does have a strong influence. Take the late 1980's film Terminator, one of the highest grossing films of the 80's. This means millions of people worldwide have been to see it at the movies, and then most probably, rented it out on video. Have these millions of people gone out and killed their arch enemies? I think not. However the file Terminator may have inspired, planted the idea, or conceptualised the seed of an idea in someone's mind. And one or, possibly more murders can be associated with the movie Terminator, a certain method of killing perhaps mimicked in a psychos' rage. Yet isn't it more than likely that the ONLY aspect of the murder affected by Terminator and such films may have been just the technique used. I believe it is more than likely the killer/murderer/stalker would have performed his duties anyway. I s...

Andrew Jackson Hero of the War of 1812 Essay

â€Å"One man with courage makes a majority.†-Andrew Jackson, these words truly capture the spirit of man behind the American victory at The Battle of New Orleans. The greatest patriot of his time Andrew Jackson served his country honorably. He dedicated his life to serving Americans as a drummer boy, a general and later president. Leading by example Jackson recruited, trained and commanded his army with courage and pride as reflected in the battle. Most expected the militiamen to flee at any sign of British attack, but Jackson’s men took everyone by surprise by taking the offensive and striking first. The attacks lead by Jackson and his army excited and inspired Americans to stay and fight. It is Jackson’s victory at The Battle of New Orleans that would increase national pride and later secure him the presidency. The Battle at Fort McKinley was the first major stand against the British attacks. Before the battle would begin an order is placed for the largest American flags yet to be made. One flag is raised shortly before bombardment of the fort began form the British naval fleet. On one of the ships stopped just off the shore sat a young man named Francis Scott Key, watching from a between the blasts Key was inspired. He jotted down a few lines for a poem as the bombs burst through the air creating a fantastic display of light and sound. What inspired him most came after the smoke cleared. After more than a day of bombardment the British retreated having realized the Americans would not surrender. At the end of it all American troops replaced the first flag that had been tattered and torn from blasts, with the second flag. Key and many other Americans saw and were over joyed at the sight that the flag was still there. The War of 1812 appropriately named The Second War of Independence, created the American identity and strengthened the nation. Americans now had leaders to be proud of, shared culture and national pride. The proud patriots of America proved to the world that the nation would survive. It took the pressure of war to once more unite Americans. George Washington once said: â€Å"Firearms are people’s liberty’s teeth.† The people of America had earned their liberty after The Revolutionary War and would fight until Britain and the world recognized their freedom and independence.

Risk Assessment Of Homeland Security - 1371 Words

Risk Assessment in Homeland Security Given the extreme variance of threats presented across the United States as well as its territories and the expensive nature of securing and protecting everything from citizens to critical infrastructure, a system has been developed in order to determine how to best manage risks and allocate resources to protect such elements. This system is composed of formula that has been devised in order to determine the risk to a potential target and the effects of various types of attacks. This formula will be broken down into its individual parts and analyzed. Once the formula has been broken down, the discussion will move to how that formula effects the operations of the Department of Homeland Security (DHS). Further discussion will show how the DHS allocates its numerous resources in order to provide the best protection and security while minimizing cost and potential effects of an attack. Risk management, as applied to the United States as a whole by the Department of Homeland Security (DHS) focuses on mitigating and minimizing threats and attacks against the nation. The basic template applied to risk management by the DHS is a simple equation. This equation has been modified to its current form which is defined as R=T*V*C. Breaking down this equation to each component shows what is being analyzed in the risk management process. â€Å"R† is defined as the Risk. The risk is equal to the next three components of the equation, which are asShow MoreRelatedRisk Assessment : A New Standard Of Security For The Homeland Security1173 Words   |  5 PagesRisk Assessment Vanhunnik, Tiffani HLSS302 After the events of September 11th 2001, the United States was left in a weakened state. What had happened? What had gone wrong? What did we miss? These questions are what faced a government scrambling to find a plan to ensure that these events did not have an encore. 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