The Global RISK Example For Free - Free Essay Example

Sample details Pages: 7 Words: 2245 Downloads: 1 Date added: 2017/06/26 Category IT Essay Type Research paper Did you like this example? On a global scale, several important firms are determined to attain â€Å"Agile management† as this enhances a companys capability to swiftly manage† internal and external† transformation and gain competitive advantage (Khosrow-Pour, 2001, p 831). An â€Å"agile† company is adept in its ability to â€Å"detect changing markets, rapidly learn to take advantage of these market changes, detect new techniques, adapt these techniques to organisational culture† in order to incorporate them into the company â€Å"while maintaining their spirit†, efficiently exploiting them to meet changing â€Å"standards in diverse markets† and adapting â€Å"products to individual preferences† (Desouza, 2006, p123). To be able to react rapidly to transformation by making â€Å"quick decisions† on methods to counter the transformation and consequently execute the methods, it is crucial for organisations to effectivel y utilise Information Technology (Khosrow-Pour, 2001, p 831). Don’t waste time! Our writers will create an original "The Global RISK Example For Free" essay for you Create order A Management information System (MIS) is useful by way of its procedure and as such it must be effortlessly up to standard for a firm (Khosrow-Pour, 2001, p 831). The usefulness of MIS is measured by how much the system is utilised, whether end-users are content with the system, â€Å"favourable attitudes about MIS functions, achievement of objectives† and whether it increases business profitability (Khosrow-Pour, 2001, p 831). MIS Risk As an MIS system is made up of â€Å"hardware and software†, consequently transformations in the system make it susceptible to a â€Å"penalty of change† such as â€Å"system failure† or other costly time consuming risks (Khosrow-Pour, 2001, p 831). As such technology must be effectively applied to the MIS â€Å"infrastructure (hardware, software and data)† in order to eliminate or minimise system risk (Khosrow-Pour, 2001, p 831). MIS issue A â€Å"field research† at a UK bank to analyse a â€Å"multidisciplinary† move towards â€Å"empirical investigation† on handling Information Technology concluded that the dialogue between those â€Å"who request development of a management information system (MIS), the client or sponsor and the technologists† who build the systems usually creates a â€Å"confused picture† (Currie, 1995, p7). The clients are usually not clear about their systems requirements and consequently this leaves room for interpretation on the part of the â€Å"technologists† (Currie, 1995, p7). In addition, an â€Å"ad hoc approach† originates from problems experienced by â€Å"project managers† in detecting suitable â€Å"financial and non-financial performance† measures for continuous observing and managing of Information Technology projects (Currie, 1995, p7). How to address the MIS issue The issue is a result of miscommunication between the business and Information Technology. Management has to ensure that the dialogue between the two teams is effective and also that organisation goals such as high productivity and cost reduction are included in the planning of an MIS systems implementation or change. Design/UCD Failures Strategic Information Systems can sustain and â€Å"shape† business strategy to impact â€Å"organisational performance† in a relationship that forms a â€Å"trilogy† (Croteau et al, 2001, p78) however; the design and development† of Information Systems plays a major factor in the use of Information Technology (Das et al 1991, cited in Croteau et al 2001, page 80). User centred design places the end users requirements and ability at the â€Å"forefront†, conversely current technology focuses on the quest for technology answers with no consideration for the end users requirements in terms of â€Å"functionality† and ease of use (Kent et al, 2003, p87). UCD Failures An eminent online book retailers first online ordering system had a major costly flaw (Hambling et al, 2008, p10). System developers had included an electronic refund facility that allowed users to receive credit on their debit or credit cards if they purchased a negative number of books (Hambling et al, 2008, p10). During testing the systems developers did not anticipate that online shoppers would try to order a negative number (Hambling et al, 2008, p10). The program was amended to allow only the retailers administrative staff to carry out refunds (Hambling et al, 2008, p10). Another UCD failure resulting from inadequate software design and testing was when the â€Å"European Space Agency Ariane 5† was initially launched in June 1996 and failed after 37.5 seconds (Hambling et al, 2008, p10). A software glitch resulted in the rocket deviating from its â€Å"vertical ascent† and had to be put into â€Å"self-destruct† mode to prevent the disastrous cons equences of an active horizontal rocket (Hambling et al, 2008, p10). Furthermore, when the UK government launched â€Å"online filing tax returns†, a weak security design allowed access to other users confidential earnings data regardless of log in location (Hambling et al, 2008, p10). How to prevent UCD failures A manager must ensure that the end users of the system are the main focus of any system design with particular reference to a users computer skills, security and the main objective of building the system, to improve business process. Consequently if the design is user focused; it is bound to function as intended. In addition, User Acceptance Testing (UAT) is the process whereby end users test a system to ensure that it â€Å"meets their business needs† (Hambling et al, 2008, p45). Although this process is seen as the responsibility of the end users of a system, it should be managed by managers to prevent errors (Hambling et al, 2008, p45). Project Failures A failed project is one that exceeds its set budget, over runs, does not incorporate organisational goals or just one that is cancelled (Standish Group International 1994, cited in Linberg 1999, page178). The proportion of IT systems failure is still high when compared to other technologically advanced projects (Yeo, 2002) and although there have been some â€Å"success stories† in systems â€Å"development† projects these have been overshadowed by â€Å"broadly publicised failures† (Linberg, 1999, p177). When Information Systems projects fail, the trustworthiness of technical staff is negatively impacted (Remenyi, 1999, p5) and it is believed that the lack of risk management has greatly contributed to these project failures (Remenyi, 1999, p9). With particular reference to Information Systems projects, failure can range from little technical hardware problems to total â€Å"system failure† that harms a firms business activity by creating huge cost s (Remenyi, 1999, p19). Consequently, ineffective risk management is synonymous with leaving the results of a project to chance and â€Å"unfounded optimism† (Fairley 1990, cited in Remenyi 1999, page9). Project Failure Issues When there are unrealistic expectations and people â€Å"try to do the impossible†, projects are likely to fail (Linberg, 1999, p177). A good example is a company bending over backwards in an attempt not to lose a significant client (Linberg, 1999). An unrealistic software development project deadline was set and when programmers protested profusely that is was just impossible, more programmers were added on to the project that was already operating around the clock (Linberg, 1999). Needless to say the project failed and the client was not retained (Linberg, 1999). Another example of a failed project was a large one that over run by at least eighteen months, had eight absconding â€Å"team leaders† out of a total nine, lacked clarity in the project definition and involved excessive working hours of more than sixty a week. However because the project was eventually finished, the project programmers did not have see the project as a failure even though it was du e to the very late completion and inadequate project planning (Linberg, 1999). How to address the project failure issues The approach to the first project should have been honest and realistic in order to meet the clients needs and also increase the likelihood of repeat business with the client. This is due to the fact that â€Å"a consulting engagement is successful if the consultant has met client expectations† (McLachlin, 2000) and if this is the situation then† the consultant has enhanced his or her reputation, with expectations of future revenue streams – whether or not any immediate income has been received† (McLachlin, 2000). Consequently business managers should first ensure that they can deliver before taking on the task. With reference to the second project failure, a carefully structured project plan with a clear project definition needs to be in place before management embarks on a project. A well structure project plan with carefully allocated resources, effective risk management and well monitored project stages will introduce and enforce project and b udget controls. E-Commerce and its Issues E-commerce is a compressed name for a broad range of unified business ideas, â€Å"technologies and cultural phenomena† (May, p2). E-commerce is about online retail commerce for certain individuals and for others, it concerns the sale of advertising space amongst other things (May, p2). Nevertheless, irrespective of its definition, E-commerce has warranted a lot of interest and in fact it is a vital transformation in â€Å"the way business is conducted† (May, p2). E-commerce has resulted in creating new prospects for several businesses in various industries to contend in the â€Å"global marketplace† (Chaffey, 2006, p4). As a result of readily available information on businesses, goods and services, companies are rapidly expanding the customer base and retaining customers due to the resulting improved client-customer relationships (Chaffey, 2006, p5). However, E-commerce software programs need more technical support than a good number of conventional â €Å"business systems† (May, 2000, p222). Business to business and â€Å"business-consumer† online programs demand twenty four operations around the clock, seven days a week right through the year (May, 2000, p222). Even though mirror sites are run to ensure â€Å"scalability†, web systems failure still occurs with several pages experiencing downtime (May, 2000, p222). E-commerce Issue A website experienced an overload and needed to be taken offline in November 2005 due it being incapable of handling a lot of simultaneous logins resulting from publicity on some information on the website (Hambling et al, 2008, p10). Although this is a frequent occurrence in todays online activity, the main issue in E-commerce is security risk and as the confidence of shoppers determines the frequency and amount of purchases made online, this is indeed a very significant point. An online consumers perception of security is affected by absence or presence of â€Å"third party certification† software on their websites (Pingjun et al, 2008). A review of a representation of the link between â€Å"third-party identifying logos, trust transfer and trust build-up† based on information acquired from an â€Å"online survey† confirms that when online consumers see a â€Å"third-party seal† on a shopping website, they tend to transfer their trust in the s ecurity â€Å"logo† to â€Å"online e-marketers† (Pingjun et al, 2008). These issues should be handled by anticipate overload from a technical perspective and also by ensure the consumer confidence is gained and retained in E-commerce. New Technology Todays world is an age of unique transformations within technology in the midst of technology transforming communication, work, how business is conducted and how people socialise (Boreham, 2006, p1). When new technology is implemented, it is expected that management will impact how it is adapted by the workforce, despite this, an empirical study states otherwise (Leonard-Barton et al, 1988). When new technology is implemented, staff with existing technical abilities adapt automatically whereas staff low on computer literacy skills wait to be directed by management (Leonard-Barton et al, 1988). However, as an increasing amount of time and â€Å"investment capital† is absorbed by Information Technology and its consequences, business managers have a developing â€Å"awareness† that technology cannot be the â€Å"exclusive territory† of specialised IT companies or the Information Systems department (Porter 2008, p73). Businesses notice their competitors emp loy Information Technology to gain competitive advantage and acknowledge the necessity to become â€Å"directly involved in the management of new technology† although â€Å"in the face of rapid change, they dont know how† (Porter 2008, p73). New Technology Issues New Technology is usually opposed as it usually involves change and people assess the size of the change required. New technology also usually results in a â€Å"large-scale organisational change† and consequently extra caution is applied as individual feelings must be influenced to get people to participate in new technology (Kotter et al, 2002, p1). In theory the opposition to new technology also known as the â€Å"crisis of progress† is as unconnected as it is connected in that community response to new technology impacts new technology â€Å"in a circular process† (Bauer, 1997, p2). Management should address resistance to new technology by first ensuring a â€Å"readiness for change† through training and guidance. References Bauer M, 1997.Resistance to New Technology: Nuclear Power, Information Technology and Biotechnology; Cambridge University Press Boreham P., Parker R., Thompson P., Hall R., 2006. New Technology Work; Routledge Currie W. 1995.The IT strategy audit: formulation and performance measurement at a UK Bank. Managerial Auditing Journal.10 (1). pp 7-16.DOI:10.1108/02686909510077343. www.emeraldinsight.com. (Accessed: 15th February 2010) Chaffey D., 2006. E-Business and E-Commerce Management; Prentice Hall Desouza K. C., 2006.Agile Information Systems: Conceptualization, Construction, and Management; A Butterworth Heinemann Title Hambling B., Morgan P., Samaroo A., 2008. Software Testing: An ISEB Foundation; British Computer Society Kent S. T., Millet L. I., 2003. Who Goes There?: Authentication Through the Lens of Privacy; National Academics Press Khosrow-Pour M., 2001.Managing Information Technology in a Global Economy: 2001 IRMA Proceedings; IGI Publishing Kotter J P and Cohen D S(2002), The Heart of Change; Real-Life Stories of How People Change Their Organizations, Harvard Business School Press Leonard-Barton D., Deschamps I., 1988.Managerial Influence on the Implementation of New Technology. Management Science. 34(10). Pp 1252-1265.www.jstor.org. (Accessed: 16th February 2010) Linberg K. R., 1999, ‘Software developer perceptions about software project failure: a case study. The Journal of Systems and Software.49 (1). pp 177-192.www.elsevier.com. (Accessed: 16th February 2010) May P., 2000. The Business of Ecommerce: From Corporate Strategy to Technology; Cambridge University Press McLachlin R. D., 2000,Service quality in consulting: what is engagement success, Managing Service quality, 10(4).pp. 239-247. www.emeraldinsight.com. (Accessed: 16th February 2010) Pingjun J., Jones D. B., Javie S., 2008. How third-party certification programs relate to consumer trust in online transactions: An exploratory study .Psych ology and Marketing. 25(9). Pp 839 -858. www3.interscience.wiley.com. (Accessed: 16th February 2010) Porter M. E, 2008, On Competition; Harvard Business School Press 2nd Edition Yeo K. T., 2002.Critical Failure Factors in Information systems projects. International Journal of Project Management.20(3). www.elsevier.com. (Accessed: 16th February 2010)

The Advantages and Risks of Online Shopping Essay

The Information revolution is changing our daily lives. With the rapid development of computer and internet, online commerce become quite common and plays an important role in the modern world. The online business has booming development in these few years. US online retail sales raised an average of 11% in the first three months of 2009 (â€Å"US Online Sales Up,† 2009). The growth of online sales may due to the growing number of consumers who shop online. In the case of Asia, survey reported 77.6% of Internet users have online shopping experiences in 2003 (as cited in To, Liao Lin, 2007). Online shopping is very different from traditional shopping. Consumers cannot touch and check the product before purchasing it, which means they are at†¦show more content†¦While in the internet, consumers can use online tools to compare product price and features. It takes less effort for consumers to make better decisions. Another advantage of online shopping is it is enjoyable and fun. According to Wolfinbarger (n. d.), many consumers find enjoyment through shopping online. They even like to visit and browse the shopping websites although they do not have something want to buy in mind. Some advantages of online shopping are presented. Those advantages may relate to consumer’s motivation to shop online. The starting point of motivation is needs. Needs can be classified into the utilitarian needs and the hedonic needs. The utilitarian needs are in the practical side. For example, the needs of basic foods and cloths are utilitarian needs. They are the survival need. Hedonic needs can be regard as on the opposite side of utilitarian needs. They are in the pleasurable side. The needs of purchasing of fashion wear, cosmetics and expensive sport car can all be classified into hedonic needs. Shopping motivation in utilitarian dimension is mission critical, rational and goal oriented while in hedonic dimension is for enjoyment and happiness. In the case of online shopping, research suggested that consumers’ motivations to shop online include both utilitarian and hedonic dimensions (Childers, Carr, Peck Carson. 2001). Consumers may view utilitarian shopping is as a taskShow MoreRelatedAn Investigation Of Online Shopping1621 Words   |  7 PagesIntroduction: An investigation of online shopping and how does it influence NTIC students’ daily life. Observations have shown that there has been a rapid development in an economic world. We have witnessed a tremendous change about shopping online. According to UCLA Center for Communication Policy (2001), online shopping has been regarded as the third most prevalent activity on the Internet, only followed by e-mail and website usage. It plays an important role, not only in retail stores, but alsoRead MoreOnline vs Brick and Mortar844 Words   |  4 PagesJacobie COM170 10/27/2014 Laura L. 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Political Ideology Free Essays

Chapter#4-Poetical Culture and Ideology In the textbook, American Political Culture Is described as the extensive communal pollens, standards, and morals citizens have In correlation with the government, as well as in relation with each other. One of the contributing factors that make the culture that way is suffrage, which is the right to vote. For example, our thoughts in suffrage went from the belief that white men who own property are allowed to vote to all citizens who are adults, besides criminals in some cases, have that right. We will write a custom essay sample on Political Ideology or any similar topic only for you Order Now Another season for this would be deliberation, which is the procedure where administrators or people gather to converse and contemplate public Issues, along with social capital, which Is democratic and municipal series of debating, agreement, and regard for contrast, which derives from involvement in optional groups. An example that represents these overlapping ideas is political campaigning because of their extensive use in internet that allows people to interact with each other on their thoughts. Our shared values include natural rights (born with moral rights), liberty sovereignty), equality (providing fair opportunities to all, no discrimination), Individualism (freedom of action for individuals over group authority), respect for the common person (does not have to be superior with money In order to be respected; common people can be successful: makes economy thrive), democratic consensus (we all come to a common line), and majority rule/popular sovereignty (allowing people to decide who can go forward on). These can all relate to political culture, because these are what we believe in as a nation to be Just, and these beliefs that we hare with others and the government is political culture. The most Important aspects are equality, and respect for the common person, because without these two attributes, our nation would not provide equal opportunities to everyone who are not considered to be superior above all else because of the lacking amount of money they have. Equality and respect for the common person helps to make our democracy prosper. The American Dream is defined as â€Å"the widespread belief that the United States is a land of opportunity and that individual Initiate and hard work can bring economic success†(Government by the People 112). In terms of work, success, and capitalism, these can be shown through the ownership of one’s private property, availability/people who work hard that get economic rewards (free market system gives everyone equal opportunities and freedom depends on capitalism which helps grow our economy), wealthy people who fund campaigning projects, and wealthy people who fund money to try and influence elections or public policy (such as donating money to organizations to prove their support for that particular topic). Verbalism- Liberalism alludes to the belief that the government can affect fairness and equality of option. Examples of this would be shown through their support on equal access to health care, same-sex marriage, abortion, other forms of individual choices, more environmental protection, education for all citizens, protection for workers’ health and safety, affirmative action programs, and tax rates that rise with a person’s income. Menservants- Conservatism tou ches upon the belief that limited government guarantees order, competitive markets, and ones’ own personal equines opinions, the main task of the government should be to protect the country from foreign invaders, support economic growth by promoting competitive markets, and free fair trade, encouraging family values, rejecting Judicial laws that allow abortion, same-sex marriage and affirmative action programs. Socialism- Socialism is an economic and governmental practice that depends on public ownership involving production and exchange. Various examples of this would be represented in wanting a immensely expanded role in nationalizing industries, taxing the wealthy more than rower and middle class men, instituting a public Jobs program and cutting defense spending. Environmentalism- Environmentalism is a supposition that looks at environment instead of genes/heredity as the significant element in the growth and particularly the cultural and cognitive development of a group or individual. Examples of this would be viewed through dealing with issues regarding global warming, overpopulation, and genetic engineering. Libertarianism- Libertarianism is the ethics that fosters individual liberty and promotes minimal government, advocating a free market economy, a nonintervention’s foreign policy, and a lack of regulation in moral, economic, and social life. Examples of this include favoring major cuts in government spending and a termination to the Federal Bureau of Investigation, the Central Intelligence Agency, the Internal Revenue Service, and the most regulatory commissions, opposing all government regulation (mandatory seat- belt and helmet laws), because they believe the attitude â€Å"live and let live† and thinks that an undistorted free market will benefit individuals. I would describe the American people in terms of their political ideology as mostly well balanced, even though the majority of the groups are conservatives, according to figures 4-2, 4-3, and 4-4. My reason for this is because in all figures, they showed a significant amount of conservatives/conservative related opinions that outnumbered the moderate and liberal groups. In figure 4-2, 77% of people thinks that â€Å"there is too much power concentrated in the hands of a few big companies† (116). This issue is mostly interpreted by conservatives. Also, in figure 4-3, once I added up the totals of the sex, race, age, religion, education, and party columns for each of the 4 groups, conservatives won the majority out of the other 3 groups. In figure 4-4, it showed results that there was a slight increase of conservatives in 2008 (most recent year noted), and a steady decrease for other groups as well, including liberals, and moderates, whereas the don’t know/have not thought about it group has increased very slightly. Conclusions that I can reach about the ideology of people of the United States are the facts that ideology overtime shown in figure 4-2, is well balanced for all of the conservatives, liberals, don’t know/have not thought about it group, and moderates. Also, there has been more of an increase shown in moderate/don’t know/ haven’t thought about it group, as well as conservatives only. In 4-2, the graph shows how the don’t know/haven’t thought about it group has increased compared to all else, besides conservatives. In figure 4-3, it also shows similar results, representing that there has been an increase of moderates/don’t know/have not thought about it rope (47%), there are more conservatives (17%)/slightly conservative (12%) than liberals liberal (3%). I think that Americans are mostly a part of the moderate/don’t know/haven’t thought about it group, because there has been rising solution than the other groups’. This can lead to an indecisiveness for all people who have been passionate in the past with their former group, because they may have disappointed them with agreeing in something/many other things that the person would not agree with, and then not being able to agree with other ideologies as well. How to cite Political Ideology, Papers

Risk management at wellfleet bank free essay sample

This case illustrates risk management in the world of corporate lending which is quite di? erent from the retail, subprime, and mortgage lending at the root of the recent banking turmoil. It is also interesting because Well? eet (actually, Standard Chartered PLC; ticker symbol: STAN) is one of the few banks which successfully weathered the 2007-2009 credit crisis. Chief executive Alastair Dowes has to decide if the risk governance process is adequate to uncover mega-risks in light of the current risk-assessment process and the credit decision regarding a $1bn loan application. Working for the Chief Credit O? cer (CCO) as a senior loan supervisor, you have been asked to assess and review the risks in the proposal and to make a credit recommendation, i. e. , whether Well? eet should accept the loan application or not. At the same time, you are worried about gray-area risk decisions and, in particular, the fact that risk-adjusted performance measurement can rarely be automated. We will write a custom essay sample on Risk management at wellfleet bank or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Risk governance requires executives to strike a balance between risk modeling and qualitative business judgment—a holistic (rather than silo-based) view of risks. You are preparing either an executive memo to the CCO and CEO or a presentation to WellFleet’s credit committee. The following questions are meant to guide your analysis: 1. How much credit risk should banks take? What avenues do they have to manage credit risk ex ante and ex post? 2. Research the history of WellFleet = Standard Chartered. How well has Well? eet performed? Why and how has it avoided major problems in its orporate loan portfolio? Was the bank lucky or smart? 3. Analyze the risk management process at WellFleet Bank. What suggestions might you make to the CEO about improving the process? (a) What are the objectives of loan o? cers and supervisors, respectively? What about the risk management unit? (b) Are the incentives of line and risk management units aligned? Why or why not? (c) How would you organize origination and risk management activities? What risk factors drive the credit exposure to Gatwick? Analyze what a credit bet on Gatwick really amounts to. a) Download stock prices for pure gold-mining companies such as Barrick (ticker: ABX) and Newmont (ticker: NEM) as well as a gold prices and the SP 500. Calculate the instantaneous return Rit = ln PPit . it? 1 (b) Compute the correlation matrix for the 4 variables. How would you interpret the results? (c) Run a CAPM-type regression of the gold-miner’s return Rit on a constant, the SP 500 return Rmt the gold return Gt by OLS, i. e. , estimate the following model: Rit = ? + ? Rmt + ? Gt + ? t How would you interpret the results? What does it tell you about the credit exposure? 2 5. Calculate the Expected Loss, Economic Revenue and Economic Pro? t for both proposals. What would your decision regarding the two credit proposals be? Why? (a) What steps if any could Well? eet take to reduce its credit exposure to Gatwick? (b) What avenues are open to the bank to manage its credit exposure ex ante (before and in the lending process) and ex post (after the loan went onto its books)? 6. Given Well? eet’s new focus on large corporate deals and its need to recruit relationship managers from investment banks, what are the challenges for the risk culture of the organization, and its style of risk management in particular? Risk management at wellfleet bank free essay sample This case illustrates risk management in the world of corporate lending which is quite di? erent from the retail, subprime, and mortgage lending at the root of the recent banking turmoil. It is also interesting because Well? eet (actually, Standard Chartered PLC; ticker symbol: STAN) is one of the few banks which successfully weathered the 2007-2009 credit crisis. Chief executive Alastair Dowes has to decide if the risk governance process is adequate to uncover mega-risks in light of the current risk-assessment process and the credit decision regarding a $1bn loan application. Working for the Chief Credit O? cer (CCO) as a senior loan supervisor, you have been asked to assess and review the risks in the proposal and to make a credit recommendation, i. e. , whether Well? eet should accept the loan application or not. At the same time, you are worried about gray-area risk decisions and, in particular, the fact that risk-adjusted performance measurement can rarely be automated. We will write a custom essay sample on Risk management at wellfleet bank or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Risk governance requires executives to strike a balance between risk modeling and qualitative business judgment—a holistic (rather than silo-based) view of risks. You are preparing either an executive memo to the CCO and CEO or a presentation to WellFleet’s credit committee. The following questions are meant to guide your analysis: 1. How much credit risk should banks take? What avenues do they have to manage credit risk ex ante and ex post? 2. Research the history of WellFleet = Standard Chartered. How well has Well? eet performed? Why and how has it avoided major problems in its  corporate loan portfolio? Was the bank lucky or smart? Analyze the risk management process at WellFleet Bank. What suggestions might you make to the CEO about improving the process? (a) What are the objectives of loan o? cers and supervisors, respectively? What about the risk management unit? (b) Are the incentives of line and risk management units aligned? Why or why not? (c) How would you organize origination and risk management activities? 4. What risk factors drive the credit exposure to Gatwick? Analyze what a credit bet on Gatwick really amounts to. Calculate the Expected Loss, Economic Revenue and Economic Pro? t for both proposals. What would your decision regarding the two credit proposals be? Why? (a) What steps if any could Well? eet take to reduce its credit exposure to Gatwick? (b) What avenues are open to the bank to manage its credit exposure ex ante (before and in the lending process) and ex post (after the loan went onto its books)? 6. Given Well? eet’s new focus on large corporate deals and its need to recruit relationship managers from investment banks, what are the challenges for the risk culture of the organization, and its style of risk management in particular?

Big Band Era Essays - Instrumentals

Glenn Miller And The Swing/Big Band Era Essays - Instrumentals Glenn Miller and the Swing/Big Band Era Glenn Miller led the most popular big band in the world during 1939-42 and the most beloved of all the swing-era orchestras. His big band played a wide variety of melodic music and had tremendous success in every area of music. He was with the group for two years, and put together an enjoyable and well-rounded show. Glenn Miller was a man who influenced bands greatly for years. Alton Glenn Miller was born on March 1, 1904 in Clarinda Iowa. His family had a tendency to move frequently, to places such as North Platte, Nebraska, and Grant City, Oklahoma. It was in Grant City that Glenn bought his first trombone, at the age of 13. He earned the money by milking cows for $2 a week (Glenn Miller Biography). Glenn attended high school in Fort Morgan, Colorado. He studied at the University of Colorado for 2 years. It was in college that his interest in music flourished. He continued to play the trombone, his favorite instrument. Even at his young age, he was good enough to play in the Boyd Senter Band in Denver. At that point his love for music took over. Miller dropped out of school and went to the west coast to try his luck at being a musician. Miller played with many small bands until he had the opportunity to join Ben Pollack's orchestra in 1926. At that time the band included such well-known musicians as Loschiavo 4 Benny Goodman, Gill Robin, Fud Livingston, and Dick Morgan. In September of 1926, the Pollack Band went into the recording studios and worked on "When I First Met Mary" and "Deed I Do". These were probably the first record arrangements that Glenn Miller wrote. He stayed with the band until it went to New York in 1928 (Glenn Miller Story). It was then that he married his early love, Helen Berger, and moved with her to Manhattan. In the coming years, he developed his talent by working with Red Nichols in pit orchestras, as Smith Ballew's musical director, and with the Dorsey Brothers. In 1934, Miller helped form Ray Noble's American Orchestra, which soon became popular through radio broadcasts. Miller was the lead trombonist and arranger. In 1937, he left the band, and his own popularity among big band circles enabled him to form his own band, the Glenn Miller Orchestra. They brought out a few records, and went on tour, but the attempt was doomed from the start. He could not keep the orchestra together and had to let all but four musicians go. What Miller needed was his own trademark to distinguish him from the other bands. In 1938, with encouragement from friends, he gave it another try, and Miller built up his new orchestra on the basis of the four remaining musicians Hal McIntyre (alto), Rolly Bundock (bass), Chummy MacGregor (piano) and Bob Price (Glenn Miller Story). This time Miller was lucky enough to be supported by one of the most important agencies of the General Artists corporation and to obtain a record contract with RCA Victor's Budget Bluebird Label. Glenn Miller again went on tour. At this time, he had the distinguishing characteristic in Loschiavo 5 his music of having a clarinet double the sax melody an octave higher. Times nonetheless, were hard until the big breakthrough came in 1939. The General Artist Corporation managed to get Miller an engagement at the Glen Island Casino New Rochelle. Glenn Miller's time had come: on May 17 the band played its first night to a sold-out house and by the end of the engagements all box-office records had been broken. From there they traveled to Baltimore at the beginning of September. At Baltimore's Hippodrome Theater all records were again broken. The orchestra returned to New York and played in front at the largest audience in the city's history at the New York State Fare. On September 9, he broke Guy Lombardo's record attendance from the year 1931 and on October 6 helped Carnegie Hall to achieve new record receipts. The recording was also going full swing. Four records per week were being recorded by the orchestra. It was during this period, on April 4, that Miller's signature

Types of Medical School Admissions Interviews

Types of Medical School Admissions Interviews If you are the recipient of a coveted email inviting you to interview for medical school admission, start preparing now. There’s a great deal of general advice on the process of interviewing for med school, including tips on what to wear, what to ask, what you may be asked, and what to ask. Recognize, however, that there is no one standard interview format. Who Will Interview You? You can expect to be interviewed by any combination of faculty, admissions officers, and, sometimes, advanced medical students. The exact composition of the med school admissions committee will vary by program. Prepare to be interviewed by a range of faculty with differing interests and perspectives. Try to predict the interest of each potential committee member as well as something that you might ask of him or her. For example, you might ask the med student about opportunities for clinical experience. Recognize that there is no standard interview format. Some medical schools conduct one-on-one interviews, others rely on a committee. Sometimes you might be interviewed alone. Other programs interview a group of applicants at once. The interview format also varies. Below are the major interview types that you can expect. Panel Interview This is a meeting with several interviewers (referred to as a panel) at once. The panel usually includes a variety of faculty in different medical areas and in clinical medicine as well as basic research. A medical student is often a member of the interview committee. Try to anticipate the questions each member of the committee might have and be prepared to speak to the concerns of each. Blind Interview In a blind interview, the interviewer is â€Å"blinded† from your application, He or she knows nothing about you. Your job is to introduce yourself to the interviewer, from scratch. The question you are most likely to face in this interview is: â€Å"Tell me about yourself.† Be ready. Be selective, yet detailed in what you present. Remember that the interviewer has not seen your grades, MCAT scores, or admissions essays. You will likely discuss much of the material in your admissions essays as well as explain why you want to be a doctor. Partial Blind Interview Unlike the blind interview in which the interviewer knows nothing about you, in a partial blind interview, the interview has seen only part of your application. For example, the interviewer may read your essays but know nothing about your grades and MCAT score. Or the reverse may be true. Open Interview In an open interview the interviewer reviews applicant material at his or her discretion. The interviewer may choose to be blind to all or part of the application. Therefore an open interview may include the basic question such as â€Å"Describe yourself† or detailed questions designed to follow up on your admissions essays. Stress Interview A stress interview places the med school applicant under a magnifying glass. The intent is to see how you function under pressure. The interviewer or interviewers ask questions to make you uncomfortable to observe how you speak and behave when stressed. The stress interview is intended to find out what a candidate is really like, apart from the interview preparation and etiquette. A stress interview might include questions about sensitive topics or personal questions that are not permitted. Applicants might gently call the interviewer on the question, asking why it is relevant. He or she might diffuse it or choose to answer it. The interviewer is more interested in how the applicant responds than what he or she says. Other questions might be factual, with trivia-like details. The interviewer might respond negatively to everything that you say by making negative remarks or through body language such as crossing the arms or turning away. If you find yourself in a stress interview remem ber that the interviewer is interested in how you function under stress. Take your time in responding. Keep your cool. Remember the Purpose As you plan for your medical school interview, remember that the purpose is to let the interviewers get to know you. Until your interview, you are nothing but a transcript, MCAT score, and essay. Be yourself. Plan ahead by considering topics of discussion and the points you would make, but be natural. During your interview say what you think, ask questions about topics that are important to you, and be authentic.

Marketing Research Essay Example | Topics and Well Written Essays - 3000 words - 3

Marketing Research - Essay Example According to McNamara, C (2008), marketing analysis is carried out by an organization or business venture in order to gauge the market niche. To Hunt, N & Tyrrell S (2004), marketing is all about advertising the products one has, enhancing public relations and efficient customer service. Effective marketing of products generally depends on many aspects ranging from security, trust, usability of the product, its appearance and its ability to satisfy customer requirements. The kind of business one is doing does not matter, the first thing to consider is the nature of products and services which you plan to offer your targeted customers and the best way to market it to them (Field, A 2009). Each and every business needs a marketing plan which is reliable and attainable. Customer trust is built through; Products need to be test-retested to ensure security of the consumers. Side effects and other negative perceptions by customers drive them away (James, T.F Et al. 2001). Again, if a product is not easy to use, then continuity is impossible. According to Morris, C (2008), gender is an important aspect in marketing since some forms of marketing suits females while others are meant for males. In order to ascertain this, a random sample will be selected from the database given and a new one will be developed based on the selected sample. Random sampling, stratified sampling and cluster sampling are some of the methods used to sample data. Random sampling is used in case the database to be used is made up of homogenous data; data with same character traits and the elements are selected randomly from the entire database. On the other hand, stratified sampling is used when the database is heterogeneous. In this case, elements with the same character traits are put together and then a random sample is selected. The different data groups are then combined to for the stratified sample. This sampling technique will be used in this case. Lastly, cluster sampling is the