Monday, May 25, 2020

Australi The Economic Heart Of Australia - 794 Words

Delving into the economic heart of Australia for an understanding its economy. Australia is located in a region known as Oceania (a huge body of water) that houses the island called Australia. According to John Pearson, author of the 2015 report â€Å"Our World,† Australians Population estimates around 22,750 million people. Australian population spreads across this mass of land that spans 2.96 million square miles with almost half of the land climate is dry desert. Surprisingly with such dry climate, and mostly desert the crops are plentiful (Andrew C. Chang) (Australian Bureau of Statistics) (Pearson). Although the dry climate and flat lands of Australia allow few opportunities for farming, farmers maintain a steady food supply. On the†¦show more content†¦For example, China, at that time in 2005 demanded more iron ore for producing steel as its economy began to grow, in turn, adding to increasing Australian GDP to 3.2% from 2001 GDP of 1.9%. Around 2013 Australians demand for iron ore decreased and commodity prices began to dwindle. In addition, 7,675 refugees increased causing more constraints on the economy plus prices on commodity export dropped. These factors weight heavy on Australian finances (Gartrell Adam) (The Economist Newspaper). Guiding the nations’ monetary systems rests in the hands of the Central Bank of Australia, known as, The Reserve Bank of Australia (RBA). The Reserve Bank of Australia serves to oversee and stabilize the countries’ economic prosperity, welfare of its citizen, employment, and finances. Australian has what is call a Floating exchange rate, which means prices may change from day to day as in the case of value. For instance, the less demands on trade from China forces Australians to lower the exchange rates. In exchange for lowering the rates, along with government expenditures helps stabilize Australian inflation rate (2.7% GDP), the welfare of its citizen (7.3% GDP), regulate unemployment (GDP 6.2% down 2014) and the finances (5.3 % GDP) of the country (Australian Bureau of Statistics) (Lien). The table

Friday, May 15, 2020

Tsunami Of The Indian Ocean Tsunami Warning And Mitigation...

Early in the morning of December 26, 2004, an earthquake rocked the floor of the Indian Ocean. The 9.1-9.3 magnitude earthquake subsequently caused a series of catastrophic tsunamis to hit the coasts of Indonesia, India, Sri Lanka, Thailand, and South Africa. The destruction was devastating, causing just under $10 billion in damage and an estimated $7 billion more in humanitarian aid. Although so much aid was sent to the affected areas, ten years later some of the areas are still suffering from the devastation. Looking back, the main cause of the devastation was the lack of warning systems in place. Although some places like Indonesia may not have had time to evacuate, many other affected areas had plenty of time but were completely uninformed, being taken by surprise. Following the tsunami the Indian Ocean Tsunami Warning and Mitigation System was created and put into place. A lot can be learned from the lack of warning and preparedness from this disaster in order to better prepare for the future (History.com, Rodgers). Originally, the earthquake registered at a 9.0 on the Richter scale it was later upgraded to a 9.1-9.3. Releasing more energy than all the bombs dropped in WWII, it is the second highest earthquake recorded in history, second to an earthquake in Chile which registered at a 9.5 (National Geographic). It lasted approximately ten minutes making it the longest duration ever observed. This means that the entire Earth vibrated as much as half an inch. ThisShow MoreRelatedA Comparative Analysis of Tsunami Disasters in the Indian Ocean and in Hokkaido1088 Words   |  4 PagesMHE503/MIH523 Module 1 Case Assignment: Tsunami Disasters Question 1: Compare the impact between the tsunami in the Indian Ocean with the tsunami in Hokkaido on the population and infrastructure. Tsunamis are deadly and destructive natural disasters and have caused huge damages to population in recent history. The Tsunami of 2004 struck Indonesia, Sri Lanka, India and Thailand mainly and marginally many other countries scaled 9.0 on hector scale. Tsunamis can be initiated by many means but thisRead MoreTsunamis: How Oregon Can Better Prepare for Cascadia Essay1295 Words   |  6 Pages Tsunami hazard assessment in Oregon started with an inundation simulation in the Siletz Bay. Various parameters were tested with different inundation estimates and run-up from past tsunami deposits (Priest, 2001, 55). Inundation maps were then created furthermore in the Oregon Building Code, Oregon limited construction of new important or hazardous buildings in tsunami inundation zones indicated by the inundation maps. Zones that these maps are based on use the Cascadia event in 1700 as a â€Å"mostRead MoreDevelopment Of Off Shore Wave Generator Systems And Integrating Into Disaster Managem ent Systems Essay2057 Words   |  9 PagesDevelopment of off shore wave generator systems and integrating into Disaster Management systems. Rahul Basu, raulbasu@gmail.com Visiting Professor Alpha Institute of Technology Kannur PO Bangalore 56077, Ka, India Paul T. Wegener Waveberg Development www.waveberg.com 4016 Lark Street San Diego, Ca 92013, USA Abstract The SAARC region with over a billion populations is contiguous to the Indian Ocean, Bay of Bengal and the Arabian Sea. Utilization of ocean resources for power generation such asRead MoreA Case Study on Tsunami in India and Other Natural Disasters2272 Words   |  10 PagesA Case Study on Tsunami Damage in India Natural Disaster: A natural disaster is the effect of a natural hazard that affects the environment, and leads to financial, environmental and/or human losses. Or Any natural phenomenon that causes great damage and loss of life; The emergency situation that is the consequence of such an event. A natural disaster is a disaster caused by nature, suchRead MoreEarthquake Prediction Essay1500 Words   |  6 Pagesone or more examples of earthquakes, assess the extent to which attempts at prediction and mitigation may have influenced the impact of the hazard. An earthquake is the result of a sudden release of energy in the Earth’s crust that creates seismic waves. Earthquake is a major threat to the human and natural environments, in which people died, buildings collapsed and cities destroyed. Prediction and mitigation are usually conducted in order to reduce the impact of an earthquake on environment. EarthquakeRead MoreThe Forgotten : How The Disabled Are Left Out Of Disaster Preparedness1945 Words   |  8 PagesThe Forgotten: How the Disabled are Left out of Disaster Preparedness Introduction to Disaster The catastrophes of Hurricane Katrina and the Indonesia Tsunami are prime examples of events that have focused our attention on the increased necessity for the analysis of risk, disaster preparedness, and hazard mitigation. These catastrophes, occurring inside the space of one year, are exceptional in not only their level of destruction but also in their level of media attention. SupplementaryRead MoreThe Disaster Scenarios And Test It Out1535 Words   |  7 Pagesscenarios, but they are also liable to the aftermath of the incident and its ripple effects. Acknowledging the possibility of experiencing a disaster is the first step towards effective recovery and responsiveness. The next step is to formulate a response system to various disaster scenarios and test it out. During the formulation of a plan, the disaster scenarios and objectives need to be agreed upon while concurrently managerial and technical actions are thoroughly defined (Office of the United NationsRead MoreBp : The Spill Of The Gulf Of Mexico921 Words   |  4 PagesHandbook for emergencies (1996:5 chapter 4 , pg 36) defines contingency planning as: â€Å"A forward planning process, in a state of uncertainty, in which scenarios and objectives are agreed, managerial and technical actions defined, and potential response systems put in place in order to prevent, or better respond to, an emergency or critical situation†. Therefore, contingency plan tallies sound with strategic planning and forecasting, which contributes a thrust in understanding the future and planning aheadRead MoreWhat is a Disaster?1205 Words   |  5 Pageswithout warming, causing or threatening death, injury or disease, damage to property, infrastructure or the environment, which exceeds the ability of the affected society to cope using only its own resources†. The word to remember here is â€Å"without Warning†. This makes it a task, a management issue. Although most disasters are a cause, a natural phenomena which is not within human power to control but in the present age it is felt that humanity because of its scientific and technological advancementRead MoreNatural Disasters in India with Special Reference to Tamil Nadu6855 Words   |  28 PagesIndia stephanos.crown@gmail.com; +91 9841890069 ____________________________________________________________________________________________ Abstract Natural disasters in India, many of them related to the climate of India, cause massive losses of Indian life and property. Droughts, flash floods, cyclones, avalanches, landslides brought on by torrential rains and snowstorms pose the greatest threats. Landslides are common in the Lower Himalayas. Parts of the Western Ghats also suffer from low-intensity

Wednesday, May 6, 2020

Could anything have been done differently at Lehman...

Qs.4. Could anything have been done differently at Lehman Brothers to prevent what happened? Explain. Answer: As Lehman Brothers their manger were responsible for what happened, there are many things that could have done to prevent it. Things that could have done: 1.By ensuring social responsiveness responsibilities: Managers social responsibilities go beyond making profits to include protecting and improving society’s welfare. On the other hand social responsiveness is when a company engages in social actions in response to some popular social needs. The practice of socially responsible marketing has many distinct advantages for businesses who choose to embrace it. In terms of financial advantages, the government has†¦show more content†¦Controlling Controlling involves ensuring that performance does not deviate from standards. Controlling consists of three steps, which include establishing performance standards, comparing actual performance against standards, and taking corrective action when necessary. Performance standards are often stated in monetary terms such as revenue, costs, or profits but may also be stated in other terms, such as units produced, number of defective products, or levels of quality or customer service. By ensuring the functions of management they could save their company. 4.By encouraging ethical behaviour: Here are some ways for organizations to encourage ethical behavior. 1. Communicating the code of ethics: The preliminary step to promote ethical behaviour among employees is by establishing a code of ethics. The code of ethics provides the direction and guidelines for employees’ ethical behaviour. This enables the employees to have a clear idea of the management’s expectation with respect to employee code and conduct. 2. Making the managers as role model: Having managers as role models is another way of promoting ethical behaviour. For this purpose, managers need to be chosen with care and due consideration. This will be beneficial in the following ways. a) Employees will have a guiding force to promote ethical behaviour b) Employees tend to emulate theirShow MoreRelatedLehman Brothers Case Study625 Words   |  3 Pages1) Describe the situation at Lehman Brothers from an ethic perspective. What’s your opinion of what happened here? Lehman Brothers had a culture problem, as they incentivized there employees to take excessive risks. Their culture fostered significant risk taking. They use to reward employees with lots of money for taking risks. Individuals who made questionable deals were treated as heroes; on the other hand anyone who questioned decisions was often ignored or overruled. They use to ignore riskRead MoreLessons from Lehman Brothers: Will We Ever Learn? Essay734 Words   |  3 Pagesexecutive Richard Fuld by artist Geoffrey Raymond, who placed his painting outside of Lehman’s New York City offices and handed out markers to employees and pedestrians so they could write a message regarding the firm’s announcement that it was filing for bankruptcy. On September 15, 2008, financial services firm Lehman Brothers filed for bankruptcy with the U.S. Bankruptcy Court in the Southern District of New York. 95 That action—the largest Chapter 11 filing in financial history—unleashed a â€Å"crisisRead MoreLessons from Lehman Brothers: Will We Ever Learn1047 Words   |  5 Pages1. Describe the situation at Lehman Brothers from an ethics perspective. What’s your opinion of what happened here? The collapse of Lehman Brothers was the results of ethical failures which were rooted in its corporate culture. Lehman Brothers’ risk-oriented culture encouraged unethical decision for financial gain, therefore the risk-taking ideal and the overlook of questionable behaviors. Professional ethics was put behind profit, with employees ‘making questionable deals hailed and treated asRead MoreThe Impact Of Neoliberal Policy Failure Since The Great Recession1136 Words   |  5 PagesCommission, the European Central Bank (ECB), and the International Monetary Fund (IMF)—known as â€Å"The Troika†Ã¢â‚¬â€provide one of the clearest, large-scale demonstrations in modern times of the damage that can be done when people in high places get their basic macroeconomic policies wrong. That it has happened in a set of high-income economies with previously well-developed democratic institutions makes it even more compelling. It is necessary to say â€Å"previously well-developed† democratic institutions becauseRead MoreInside the Meltdown49737 Words   |  199 Pagesmedia attention, and I think that s positive because I think the FDIC is all about public confidence. That s how we maintain the stability with people having confidence in our brand and our insurance guarantee, and I think we ve done that fairly successfully. We have seen a lot of stability. People are keeping their money in banks, which is good. ... I think we ll be judged by how history judges us, whether we continue to be effective in trying to stabilize the banking sector and maintainingRead MoreSuccessful Women Hr in India13762 Words   |  56 PagesThe women of India Inc.  have proved in more ways than one that their sensibilities and leadership acumen are here to stay and pave the way for more women to make it to the top of the corporate ladder. On the occasion of International Women’s Day Women In HR As people management practices in corporate India come of age, organisations, today, are displaying a propensity towards employing more women in their HR departments as compared to men. After all, managing a large number of people, keeping themRead More65 Successful Harvard Business School Application Essays 2nd Edition 147256 Words   |  190 Pagesannually, and you are uncertain how to make your ap.... plication stand out. We understand. We have been in your shoes. This book seeks to demystifythe admissions process for applicants by providing a selective but robust sample of HBS essaysthat have sue, cessfullysurvived the admissions committee in the past. We aspire to show you a variety of writing styles, essay responses, and applicant backgrounds that have been successful in the past, but there are no foolproofprescriptions, shorts cuts, or magicRead MoreInnovators Dna84615 Words   |  339 Pagesleading academic and business journals. is the Robert and Jane Cizik Professor of Business Administration at Harvard Business School and the architect of and the world’s foremost authority on disruptive innovation. â€Å"Businesses worldwide have been guided and in uenced by e Innovator’s Dilemma and e Innovator’s Solution. Now e Innovator’s DNA shows where it all starts. is book gives you the fundamental building blocks for becoming more innovative and changing the world. One of the most importantRead MoreProject Managment Case Studies214937 Words   |  860 Pagesbe addressed to the Permissions Department, John Wiley Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, e-mail: permcoordinator@wiley.com. Limit of LiabilityDisclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness forRead MoreDeveloping Management Skills404131 Words   |  1617 Pagessolution for courses in Principles of Management, Human Resources, Strategy, and Organizational Behavior that helps you actively study and prepare material for class. Chapter-by-chapter activities, including built-in pretests and posttests, focus on what you need to learn and to review in order to succeed. Visit www.mymanagementlab.com to learn more. DEVELOPING MANAGEMENT SKILLS EIGHTH EDITION David A. Whetten BRIGHAM YOUNG UNIVERSITY Kim S. Cameron UNIVERSITY OF MICHIGAN Prentice

Tuesday, May 5, 2020

Tools and Techniques for Project Manager-Free-Samples for Students

Questions: 1.What were the Criteria and Process you used to select a project for your assessments? 2.How did you evaluate changes and formulate Project Management processes and life cycle in the global context? 3.What can help you as a Project Manager to identify and effectively manage the impact of enterprise Environmental factors in global projects? 4.What skills and knowledge did you develop and what lessons did you learn? 5.Why have the skills and knowledge that you developed helped you become capable in managing a Global Project? 6.What difference has learning made in your Professional Development? 7.What do you believe is your role as Professional in the field of Project Management? Answers: 1.The project criteria and processes that I used for selecting a project for my assessments include the evaluation of the cost benefit ratio of the project, the payback period of the project. The net present value and internal return rate of the project are also considered apart from the non-financial considerations such as, enterprise environmental factor (EEF) and its impact analysis on the project. The major criterion of my project selection was definitely checking the feasibility of the project. The benefit measurement method was applied while selecting the project in order to understand the economic feasibility and viability of the project (Fleming Koppelman, 2016). 2.In order to manage projects in the global context, proper evaluation of the changes and change management are essential. In order to formulate project management process and project life cycle in a global context, at first I developed a proper communication plan which in an important aspect of global business. Change management deals with managing the execution strategies of the project. This is very essential for managing the global projects. Understanding and identifying the critical job roles of the different team members are further essential for developing a proper change management plan and formulating it in the project management life cycle. Change management is an organized and systemic application of knowledge that considerably helps in implementing a global project. 3.Enterprise resource factors have certain impact on project implementation and its outcome. Since the impact can be positive or negative, proper evaluation of this factor plays a key role in project success. Therefore, proper feasibility study of the project and research about the project before the project-planning phase can help to identify the impact of enterprise environmental factor on a project. This is an essential step of risk management of the project as well. These factors can be quantified in a number of ways and therefore proper documentation of the results is necessary as well (Kerzner, 2013). This is done in the project initiation phase so that the impact of the enterprise environmental factors in the project success is minimized. 4.Project management is a discipline of properly initiating, planning, implementing and controlling the project. I have gained a lot of practical knowledge while implementing this project. I have learnt the importance of cost, schedule, quality and safety management of a project. With the gradual implementation of the project, I have expertise in understanding the importance of different knowledge areas of the project (Kerzner, 2013). . I have further learnt about the different tools and techniques of project management and the importance of these tools in proper implementation of the project. 5.For managing a global project, having a proper leadership skills is essential. As a project manager, I was responsible for managing work through the application of knowledge, skills, tools and techniques in order to meet the requirements of the project. Proper leadership skills helped me in properly managing a global team. Apart from this, I have developed a good communication skill, which is an essential tool for managing the global project. Time management is another skill I have gathered while managing this project. It is important for completion of the project within a scheduled time (Burke, 2013). I have also understood the importance of risk management for identifying and eliminating the possible risks of a project before the implementation of the project and in the execution phase as well. I have learnt and understood the importance of negotiation skills in project implementation in a global context. 6.Learning has played a key role in professional development. It helped to me to gain an adequate knowledge about the subject, which I have implemented in the project. It has helped me to understand the different tools and techniques associated with a project. This has helped me in understanding my capabilities in this particular field. Furthermore, it has helped me in working as a team for successful implementation of a project. It has considerably helped me in making a meaningful contribution to the team. 7.I believe that my role of project manager plays a key role in project management. A project manager is responsible for proper project planning, execution, monitoring and controlling the projects. The project manager has a meaningful contribution to the team that assists the project team members in working in a strategic approach in order to implement the project successfully (Martinelli Milosevic, 2016). The responsibility of the project manager is that of a mentor that guides, influences and coaches the entire team in successful implementation of a project References Kerzner, H. (2013).Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Fleming, Q. W., Koppelman, J. M. (2016, December). Earned value project management. Project Management Institute. Burke, R. (2013). Project management: planning and control techniques.New Jersey, USA. Martinelli, R. J., Milosevic, D. Z. (2016).Project management toolbox: tools and techniques for the practicing project manager. John Wiley Sons.