Managing Financial Risks Within Event Industry Essay

Managing Financial Risks Within Event Industry - Essay Example The methodology revolved around a survey of past and recent literature on financial risk management in the event industry. The study found out that cost-cutting measures and strategic investment are key strategies that feature in many of the risk management methods in literature. Introduction The element of risk in the event industry is one of the factors that continue to attract the concern of managers, financial analysts, and financial managers. The industry is one of the most challenging in the sense that it concerns itself with fluid and flexible systems that are dependent on uncertain realities in the field of investment (Robinson, Wale, & Dickson, 2010). As such, the event industry has a higher element of risk when compared to the other industries. Many companies have suffered significant losses, drops in financial positions, and even permanent closures due to the unpredictable and risky aspects of the industry (Raj, & Musgrave, 2009). The element of risk arises due to multiple factors including hostile operating environments, rising costs of logistics, changing preferences of the clients, and adverse regulatory practices (Pelham, 2011). In order to shield themselves against the adverse effects of the global markets, many players in the industry have devised various financial management strategies that range from cost-cutting measures to enhancement of the efficiency of processes within the industry. Some of the financial management strategies have proved highly effective while others fail to produce significant results in terms of reducing the element of risk (O'Toole, 2002). However, the dominant methods of risk management are related to the need to develop both long term and short term strategies that can help revamp the state of the economy in ways that are both effective and strategic (Robinson, Wale, & Dickson, 2010). The methods employed by the different companies often serve as the competitive advantage as they enable the companies to operate at h igher levels of profitability in ways that safeguard against negative effects on the business environment (Anderson, 2010). As such it becomes necessary to regard the operations of these companies within the manner in which they enable the determination of value and other systems of performance. Renowned companies in the event industry such as 3D Exhibits, Aspen, BroadStreet, Event Marketing Strategies, and EWI World Wide have managed to survive adverse market conditions through a range of strategies that enhance and strengthen their internal systems. In order to survive inflationary pressures and the effects of competition, some companies have changed their ways of operation by diversifying into various fields. Companies have added the range of services as a way of increasing the flow of revenues while reducing the overheads incurred in the running of the business processes (Robinson, Wale, & Dickson, 2010). As such, it becomes important to consider the fact that most of the strate gies connected with the objective of lessening the element of risk are determined in accordance with the type of the event company. Other determinants are the level of competition, the nature of the market, and other external and internal factors that relate to the determination of performance within the industry (Robinson, Wale,

Angel in the house essay Essay Example for Free

Angel in the house essay Essay Do you agree with the view that during the second half of the nineteenth century the concept of the â€Å"angel in the house† lost its relevance? I believe that by the end of the second half the nineteenth century the concept of the â€Å"angel in the house† had not lost its relevance. Many laws were in place to protect women legally but socially women were still seen as inferior to men and the ideology of the separate spheres was still the ideal way for men and women to act by society. Women were viewed as â€Å"Angels† which was seen the most accepted path for women to take and were still greatly wanted as well as being expected by the others, especially the middle class. On the law front courts still favoured men with an example being the Jacksons case in 1891 where Mr Jackson imprisoned his wife in their home for refusing to have sex at his choosing. This was effectively breaking the Matrimonial Causes Act 1884 designed to prevent this from occurring in the marriage. However due to the bias which was shown towards men at that current time the courts initially sides with Mr Jackson because, they and he argued, a Victorian home was a taboo and the act was carried out in his own home. Eventually after much protesting form Mrs Jackson’s friends the case was turned around forcing Mr Jackson to release his wife. This shows the complete lack of support and empathy women received from anyone apart from their own and also how disregarded their opinions were when it came to the law, and that it was more down those in the court and what their feelings were towards women’s rights. On the other hand there is evidence to suggest the â€Å"Angel in the house† had lost its relevance due mainly incessant campaigning from women forcing government reforms. Up until 1870 women had no financial control over their earnings putting them at a major disadvantage when it came to men and controlling their own lives. However this all changed with the Married Women’s Property Act (MWPA) passed in 1870 that now entitled women to have control over their earnings and thus their lives. Furthermore in 1882 the MWPA allowed women to attain what they owned at the time of the marriage such as the right to own, sell and buy property as well as sue which inevitably lead to an increase in divorces. A problem before these acts was passed was that women were very much under the control of their partner as he held the key to money and this prevented many women form leaving abusive and unwanted relationships, the act now changed that  and it could be said reduced the â€Å"angel in the house’s† relevance because women now had more freedom and could support themselves rather than being financially tied to their partner and having to be the â€Å"Angel in the house†. The unfairness of the sexual double standard is highlighted here as women were only able divorce their husbands if the committed incest or long dissertation where as men could divorce their wife for both the reasons as well as adultery which women could not, allowing men to have other relationships within their marriage and be unfaithful with women unable to do anything about it. In conclusion that although there was significant progress towards eliminating the concept of the â€Å"Angel of the house† such as the MWPA which were substantial achievements but there is more evidence to suggest that during the nineteenth century the concept of the â€Å"Angel of the house† had not lost its relevance as women still viewed as inferior to men. This was mainly because although many laws had been changed the views of society had not and this was the key factor as most still did not value women or their rights. A major example was the Jackson case with the husband breaking the law but the court siding with him because he was a man and she a woman, they were blatantly bias and only changed this when forced by the might of Mrs Jackson’s friends and supporters. Society controlled whether or not the â€Å"Angel the house† concept still applied and it still did in the second half of the nineteenth century.

Huck Finn and Black Boy :: essays papers

Huck Finn and Black Boy Discrimination Discrimination is a disease; a sickness that has plagued American society for hundreds of years. It can be seen and experienced everywhere. The slandering of people because of their ethnic background, religion, or social status. Why is there discrimination in the world? Hate, envy, racism, selfishness; these traits are not instinctive, rather, they are learned. It does not matter where anti-social traits are initially experienced, whether it is found in the home, or school, or even in the nursery, the results are the same. Children that are exposed to discrimination at an early age could have a propensity towards violent behavior as they mature. Children must be shown that discriminatory behavior is not acceptable, and traits, such as compassion, are acceptable. Too many children today are left alone or unsupervised by guardians and parents. In today’s society, it is a common trend for both the mother and father to work. Young children are many times left in the care of schools, friends, neighbors, and relatives. In these cases children behave in ways that imitate real life. Discrimination can be found almost anywhere. Television, tabloids, and especially the news, reveal discrimination on a daily basis. Writers use the theme of discrimination to reflect the harshness of the world; the true nature of man is to degrade those that are different. But through compassion and understanding one can rise above the fascist views life has impinged on us. Black Boy, by Richard Wright, and The Adventures of Huckleberry Finn, by Mark Twain serve as good examples of how one can rise above discrimination and catch a glimpse of a world of equality. In The Adventures of Huckleberry Finn, the word nigger is used many times in relation to the run away slave Jim. Huck Finn, after faking his own death to get away from his father, meets up with Jim on the Mississippi River. It’s important to understand Jim and Huck’s relationship in regards to the time the story takes place. According to â€Å"Pictures of Jim:† â€Å"Who dah?" This is Jim's first line, which is also the novel's first line of dialogue. It's a good question for Jim to ask. One of the greatest issues raised by the novel is "who is there" as far as Jim is concerned -- a human being? A piece of property?

Psychology and Care Plan Essay

Questions 1 – Be able to assess the development needs of children or young people and repare a development plan. 1.1 – Explain factors that need to be taken into account when assessing development. * Progress * Improvement * Behaviours * Look at goals within care plan are they on track? * What activities they are partaking in and how well are they dealing with them. * Whether they are interested, compliant and accepting or not. 1.2 – Assess a child or young person’s development in following areas :- physical, communication, intellectual/ cognitive, social, emotional and behavioural and moral. A) Please see attached sheets of evidence (Daily session record and behaviour tick sheet) 1.3 – Explain the selection of assessment methods used. A) These methods are used to monitor mood, behaviour, what the young person has been doing during that session also the date and time of the session, so we can monitor if something is a regular occurrence on or at a certain time of day (looking for patterns). 1.4 – Develop a plan to meet the needs of a child or young person in the work setting. A) Please see attached care plan 1 – Be able to promote the development of children or young people 2.5 – Implement the development plan for a child or young person according to own Role and responsibilities, taking into account that development is holistic and interconnected. * Monitor the care plan on a daily basis to be aware of any changes and implement if necessary. * If I notice certain areas of the care plan are not working efficiently to meet the needs of the young person and could be improved upon it is my responsibility to report this back to the correct senior member of staff, so they can review and update if necessary. * When working with the young person if I notice any changes/ unusual behaviours to report to senior. 2.6 – Evaluate and revise the development plan in light of implementation. A) In reading the care plan since it was last reviewed I would advise it does need an update in regards of :- * The YP’s getting up in the morning as states that he is not good at getting up, but now is a lot better and tends to get straight up and for a shower with no issues and with little prompting. * The care plan states what the YP likes for breakfast but does not state that he also likes to make it himself. * Again stating the YP is getting better at going out and likes to go out, but doesn’t state specific preferences as he particularly likes to go to the park on the swings. * In the care plan I have noticed it doesn’t make aware that the YP finds his PECS strip useful at times instead of verbal communication and also avoids confusion with the YP * All others areas of the care plan remain unchanged at this time but will continue to review and monitor, so that any changes can be implemented asap to enable improvement and progress for the YP. 2.3- Explain the importance of a person centred and inclusive approach and give examples of how this is implemented in own work. * To meet the INDIVIDUAL needs of the Young person to ensure they are gaining all the positive effects and influences around them and developing at their individual pace. * Individual care plans of which the Young person has input * Following and adhering to the care plans * Residential meetings – asking the young people if they are happy with surroundings, if not what they would like to change. * Giving the YP’s choices of meals, activities and clothing to show individuality and personality 2.4– Observation 2.5 – Encourage children or young people to actively participate in decisions affecting their lives and the services they receive according to their age and abilities. * Residential meetings * Asking likes and dislikes * Giving choices around personal hygiene/ dietary needs * Giving choice in social activities * Choice of clothing for personal identity * Supporting in finance matters, giving them a choice what to spend their personal finances on. * Given as much choice and inclusion in decisions to meet individual needs 2 – Be able to respond to inappropriate behaviour 3.7 – Explain the features of an environment or service that promotes the development of children and young people. A) Within the service to be aware through care plans of the trigger points of YP’s that initiate the inappropriate behaviour B) To be aware through the care plan how best to respond to the individual to defuse inappropriate behaviour C) Use positive reinforcement and praise when individual responds well and behaviour improves, hopefully enabling young person to develop and recognise themselves that the inappropriate behaviour is not rewarded or acceptable, hopefully making the occurrence of inappropriate behaviour less often. 3.8 – observation 3 – Understand how working practices can impact on the development of children and young people. 4.9 – Explain how own working practice can affect children and young people’s development. * My different approaches and attitude can affect the YP’s mood, behaviour etc as if I appear abrupt or aggressive in manner it may cause the YP to become aggressive themselves or non-cooperative and act out. * If I do not follow care plan this may have an effect on the YP as I am not meeting their specific needs which may cause agitation as they may not be getting what they need. * If I follow the care plans and have a happy positive attitude towards the YP it is more likely they will be content. 4.10 – Explain how institutions, agencies and services can affect children and young people’s development. A) They can have a positive effect on development by setting guidelines and standards to follow that are suitable for the individuals needs and ensuring reviews are done regularly to keep up to date with any changes and ensuring all the services etc are working with one another with a clear exchange of information to be able to work towards a common goal for the best outcome for the individuals development. B) If the above did not happen it would have a negative effect on the individual as no one could assure them that the quality of standards and individual needs are being met and this would have a negative impact on their development as structure and communication is key. 4 – Be able to support children and young people’s positive behaviour 5.11 – observation 5.12 – Evaluate different approaches to supporting positive behaviour. A) When using different approaches such as verbally praising and positive actions to reinforce positive behaviour, this encourages positive responses and outcomes enabling them to complete set tasks and activities within their care plan. 5 – Be Able to support children and young people experiencing transitions 6.13 – Explain how to support children and young people experiencing different types of transitions. A) Being aware of the YP’s fears and concerns of the transition by communicating with them. B) Explaining the reason to the YP of why transition taking place C) By providing initial support and on-going if required D) Accompany them during transition E) Make others aware of the concerns/ support needs the YP may have F) On-going discussions with the YP to allow them to express any fears or concerns with an on-going transition.

Junk Food and Fast Food in the UAE Essay

In the last 3 or 4 years, many schools in the UAE started selling junk food and fast food to the students. Junk food and fast food is known for causing obesity among people all around the world. As Dubai Health Authority (DHA) public relation agency we will try to raise awareness about the harmful effects of junk food and fast food on people especially the students who still in schools, and why junk food and fast food should should be banned in schools across the UAE. Dubai Health Authority (DHA), was created in June 2007. The DHA aims to provide a valuable, accessible, and integrated health care system to protect the public health. Its mission is to guarantee access to health services, advance and continue the quality of these services, improve the health status of nationals, visitors and residents, professional health sector. According to an article entitled â€Å"A weighty concern: obesity and fast food in Dubai.† The city fast changing lifestyle have accompanied it with the opening of many new restaurants, and especially the fast food restaurants, because the people are choosing to have a nice and delicious meal in a minute and with cheap price, this habit had transformed to their children. And then this also had made some schools in UAE start selling them ignoring the harmful effects of them on the students. (Faust 2012) Furthermore, the first step that will be taken is that we will start planning our organization goals and objectives. Second, we will identify our target audiences and their demographics and know more about their backgrounds. Third, we will start researching about the problem and try to find solutions for it. Fourth, we will start planning the tools and the tactics that we will be using; for example: how many news releases we will be using through the year, the media outreach tactic: trying to promote our organization in many types of media. Fifth, we will start making a case study about the problem; we will use the web, newspapers, books, magazines etc.., and try to know more about the problem. In addition, we will be doing blogs and join social networks to promote our PR organization more. Furthermore, we will start our communication plan with : 1- Explaining the organization to the public by: handling press releases all around the UAE to get the people know about our organization. Additionally we will distribute brochures in the schools and to make our organization more known. Additionally, we will join the social networking sites to communicate with the public widely. Also, we will create a website that contains all the information that we want the people to know about our organization and how does it work. 2- We will identify our target audience: who do we want to send the message to. Our target audiences the Ministry of Education, and the schools around the UAE that sell junk food and fast food. 3- The methods for sending the messages: we will try to have media contacts all around the UAE for example: we will spread our message through the television programs, and also through advertising our message in newspapers, magazines, etc.†¦ . Moreover, we will measure the success of our communication plan by: 1- Count down how many press releases, news releases, articles in magazines, online articles are produced in a given time. 2- Measurements of how much did our message succeeded, did the public respond positively to the organization’s message. 3- Conducting regular surveys to measure the effectiveness of our organization. 4- Monitoring how many people are cooperating with the organization. We will see how many people are communicating with the organization through the social media for example: twitter, Facebook. Post information online about our organization and monitor how many people are visiting our website or blog. And allow the public to make comments about our organization. According to an article entitled â€Å"Crisis Communication Plan: A PR Blue Print.†, There are some steps can be taken if the communication plan fails: 1- Establish a communication crisis team: this team is important to identify what actions should be taken. The job of the team primary is to identify the plan actions and find a spokesperson. 2- Try to know more about what caused the communication plan to fail. List some examples that may contribute to the failing of the communication plan, and try to fix them. Ignoring the situation will only make things worse. 3- One spokesperson will represent the organization, we will try to make official statements and allowing the ask media to ask questions about the situation if possible. (Freeo, 2012) Moreover, this assignment made me learn more about how to make an effective public relation message. Additionally, after writing this report, I feel that makes me an expert in handling public relation plan and how to handle the plan if it fails. Also, it gave me more information about handling any public relation organization messages in general.