Commercial Insurance Essay Example | Topics and Well Written Essays - 1250 words

Commercial Insurance - Essay Example Dealing with the business’ risks will involve evaluating the existing risk factors and developing robust contingency plans on ways of dealing with the risks whenever they occur. Therefore, laying down a concrete plan for these risks will be the central theme of ensuring efficient management of the business risks. In addition, with the understanding that it will be impossible to plan for everything, the hotel’s risk management plan will provide for efficient ways of reacting whenever risks emerge. The plan to establish the hotel involves the designing and construction of the hotel premises. This means that I will require a professional design and building team, which will not only be tasked with developing a concrete design for the premises on which the hotel will be based, but also building the hotel based on my specifications, as well as those of the state planning department. Rather than embarking on the designing and construction processes on my own, for instance, by hiring a design and construction team, I will float a design and construction tender in the local newspaper and journal for a specified duration. This will primarily be in order to avoid the risk of poor construction due to lack of expertise, or high costs. Consequently, the appointment of the best design and building group will involve tendering, specifically open tendering method. This tendering approach will mark a massive step in risk avoidance (Edwards and Bowen 43). Essentially, risk avoidance encompasses taking steps to deter a hazard thereby ending particular exposure. Additionally, open tendering is the preferred method since it will increase competition thereby guaranteeing the highest value for money on the design and building project. Open tendering will also enhance risk avoidance by ensuring that bidders or respondents are willing to work at low costs while also increasing their likelihood of accepting increased responsibility and risk. This will enable the hotel avoi d a vast proportion of the risks associated with designing and construction, including fluctuating costs of materials and difficulties transporting construction material. Additionally, open bidding will ensure the realization of a superior quality product, especially through the incorporation of a quality matrix in the assessment procedure (Edwards and Bowen 64). Another significant way through which open tendering will ensure risk avoidance is by the enforceability of the design and building contract, which will evade rogue contractors. As soon as the hotel begins serving customers, I will ensure risk reduction by adopting the public order approach. This will ensure that the hotel’s risk of theft, insecurity and fire is significantly reduced. Risk reduction encompasses the implementation of effective measures to diminish the severity or frequency of the occurrence of losses. Consequently, risk reduction is also referred to as loss control (Edwards and Bowen 120). In the hote l, risk reduction will involve fire protection, for instance, through the installation of fire extinguishers and training the staff on fire fighting approaches. In addition, routine safety inspections will be a mainstay of the hotel’s risk reduction strategy, particularly since hotels are

What do you consider to be the importance of witches in Macbeth Essay

What do you consider to be the importance of witches in Macbeth - Essay Example Their very presence offers a comparison between good and evil, natural & the supernatural, contrasting morality with Macbeth's ambition. It empowers Shakespeare to not only single out Macbeth's weak trait, but also stresses on these human flaws, which at certain times becomes a thin layer of difference between humanity and supernatural powers. Time element plays a dubious role because the "weird sisters" do not tell Macbeth what time he would become king; they predict such a happening in future but without specifying the time of his becoming the king. Therefore, their foretelling negates time. The impact of this negation of time element might indicate that the witches’ foretelling is a puzzle to be solved, and that the impact it has on Macbeth, leads him rather from listening to taking action. It derives then that the notion of the witches and their extra-ordinary abilities, are conspiring Macbeth's mind; he is instigated to fulfil his desires. It offers an evaluation of his p sychological state and feeling of humanity, knocking at Macbeth's human instinct. The presence of witches creates an element of uncertainty in the character of Macbeth. His state of mind remains unstable to the extent of further deterioration throughout the play. Audience reacts by studying Macbeth’s state of mind.... That’s the reason behind Shakespeare making extensive use of the â€Å"weird sisters†, bringing about a transformation in the character of Macbeth, as he murders King Duncan and his so-called best friend, Banquo. The clear purpose of Shakespeare's inclusion of the witches and their wicked ways was to create element of horror for his 17th century spectators (Aimee par. 5). Comparing present-day spectators of Shakespeare’s Macbeth with Shakespeare’s audience, one does not feel that emotional reactions to the appearance of ghostly figures would be the same. Modern spectators have gone through different and varied experiences and do not relate themselves with fearful expressions; rather they may take such appearances funny way. Portrayal of witches in Shakespeare’s times was inhuman. â€Å"You should be women; and yet your beards forbid me to interpret that you are so† indicates that the witches are neither masculine nor feminine. Shakespeare has given a totally distinct image of the witches. Perhaps, he wanted to give a message that human beings blamed for being witches were falsely implicated, as witches looked abnormal and inhuman in appearances (Aimee par. 6). Shakespeare has given a different colouring to his presentation of witches, alluding them to human desires, suggesting them to be the inside presence of evil in Macbeth and human beings. It is the personal decision of each human being to bend before the evil inside or not. It also indicates that witches are just representations of one’s own mind’s evil, as it is weaved in Macbeth’s mind; actually, these are the spiritual framings of his inner desires (Aimee par. 7). Witches succeed in instigating Macbeth to the extent that

How does pricing strategy and price optimisation become strong Essay

How does pricing strategy and price optimisation become strong elements in revenue management to the independent boutique hotels in London - Essay Example 6). This piece of research paper explains how does pricing strategies and price optimisation become strong elements of revenue management in hotel industry, especially in independent boutique hotels in London. This paper details various pricing strategies like price optimisation, price discrimination and describe how these can help hotels to increase revenues as well as create customer focus. Revenue management is a process of managing capacity profitability that a hotel is involved in selling right inventory to the right customers at right time and for right price. One of its basic elements in allocating undifferentiated units of capacity to the available demand to generate maximum profit (Ingold, Yeoman and McMahon-Beattie, 2000, p. 3). Past and current levels of booking records are used to help the firm forecast demand and to maximize the profits as part of revenue management (Avinal, 2004, p. 52). Tranter, Hill and Parker (2009) emphasized that the hotel industries should develop a customer-centric approach to pricing. The pricing strategies that hotel industries adopt should be basically centered upon the perceptions and buying behaviour of the customers rather than solely focusing upon the products, service and profit margins (p. 117). In today’s highly competitive marketing environment, hotel industries have realized the importance of customer focus and customer centric approach along with its pricing strategies. Most boutique hotels perceive customer value as centre to its marketing concept and pricing strategies. One of the very common pricing strategies used in hotel industries is demand-based pricing, in which the hotels research the quantities of the products or services that would be purchased at different prices. This pricing method helps hotels to ensure that amounts produced can almost be sold out, but, making accurate demand estimation

Analyse the competitiveness of Danish manufacturing Coursework - 1

Analyse the competitiveness of Danish manufacturing - Coursework Example cks here according to research is that regardless of what is measured by production, total employment and value added, the manufacturing industry have portrayed a declining importance. Cluster is taken positively by the Danish, since it is termed as a competitive advantage of nations. Here, Clusters got a prominent role due to the theory of competitive advantage of nations first witnessed in the year 1990. With its strategy, that involves a geographical interconnection of companies, service providers and specialized suppliers and organizations in industries that are related and associated it can be noted that clustering strategy have made the country to move at per, with other European countries in terms of production(Daugherty, 2009.p.75). Clustering channel is better explained by the following diagram. The industrial production is divided into hundred main components. The first one, accounts for the highest output in the country, and that was in the year 2011 which accounted for 74 percent. While, mineral fuel accounts for sixteen percent while all the mechanicals, boilers and machinery accounts for almost ten percent (Daugherty, 2009.p.102). They all cluster to give out a whole 100%. The comparison of 2000 and 2011 years, illustrates that the country faced subsidized electrical production equipment. From the manufacturing side to the purchasing side, the clustering in production of this equipment was studied as deeming. This is why; the whole Denmark affirms that the electrical part portrayed a downing advantage (Hadjilambrinos,

Radio program about 'Conservative Muslims in Liberal Britain' Essay

Radio program about 'Conservative Muslims in Liberal Britain' - Essay Example They believe that a woman should not expose her body to the public. The conservative Muslims are keen are keen on increasing the cultural gap between them and other communities integrated in the British liberal society. They take their children specifically to Muslim schools in an effort to segregate themselves and protect their culture. The conservative Muslims don’t expect their children to mix with other children claiming that they may be brainwashed and persuaded to forget about their culture. The parents go to an extent of warning their children from having English or black friends. They only want the children to attend the schools where they are restricted to other humanity subjects (BBC Radio4). The Pakistani in Britain are more conservative than the ones in their home country. This is especially evident among the Muslim leaders in Britain who think they can easily be assimilated and forget about their culture. The Palestine in their home country are more liberal and outgoing. The Muslims tend to think that their children can easily adopt the Britain culture that is illegal in their religion such as gay marriages. Some of the conservative Muslims also want to maintain their cultures t hat are illegal in Britain such as polygamy. The conservative British Pakistani are so insecure around people from other races and religions. They cluster and stay in same residences away from other people. They are also less likely to marry from a different race or tribe. They believe that intermarriage will dilute their culture and customs (BBC Radio4). They also believe in confining their women in the houses or when they move out, they completely cover themselves up with the clothing. The women are not allowed to go to the mosque or work. Even those who are lucky to work they have to find jobs near home. This has deepened the differences and in the process inhibiting integration with the other people in the

Inquiry-Based Report (Professional Inquiry and Reflection) Essay

Inquiry-Based Report (Professional Inquiry and Reflection) - Essay Example Secondly, there is commonly a substantial distinction in classes between students who collect good marks and others who do not acquire reasonable grades. Those students who acquire low grades can be further categorized into two. One group belongs to those students who are efficient learners and understand concepts and theories which are being taught to them. Despite their efficient learning, their grades are not sufficient as compared to the other efficient learners. The other category of low grading students is consisting of those students who find it difficult to understand and reflect upon concepts and theories which are taught in class. This signifies two of most critical issues regarding the scope of education which include the role of assessment criteria and those factors which are affecting the learning capabilities of some students in a uniform environment. Regarding to these issues, the research questions for this study are: Why certain theories are emphasized in curriculums ? How assessment and evaluation criteria contribute to the issue of good learning students having lower grades? What factors are causing the distinction among students regarding the understanding of taught concepts and theories in a uniform environment? Conducting research In order to accumulate the information regarding the research question, the assessment of previous literature is essential. Kolb, Alice Y. and Kolb, David A. "Learning Styles and Learning Spaces: Enhancing Experiential Learning in Higher Education." Academy of management learning & education 4.2 (2005): 193-212. Print. In this article, authors are aimed draw a more enhanced implications for experiential learning. A framework of learning space has been introduced to the better understanding of the relationship between students’ learning styles and the learning environment of institution. It proposes that the concept of experiential learning must be applied of whole learning environment. The problem of studen ts with learning and understanding the concept due to any major possible reason, like inequity in race, gender or class, can be addressed through this literature. It also deals with the alterations in the curriculum by which the learning of students is highly associated. Mezirow, Jack. "A Critical Theory of Adult Learning and Education." Adult Education Quarterly 32.1 (1981): 3-24. Print. The author, in this article, illuminates the subjective perspectives of students in their learning processes in the light of Jurgen Habermas’s ideas. The intention and goals of learning and the accusition of learning process in the domain of academic learning of students play a sufficient role in the attainment of good grades. However, the research question regarding the assesment criteria also illuminates the institutional flaws in the description of certain criteria by which students can successfully acquire the information regarding the choice of learning process. Mezirow, Jack. "Transfor mative Learning: Theory to Practice." New Directions for Adult and Continuing Education 1997.74 (1997): 5-12. Print. In this article, a transformative learning process has been proposed by the author in that the stress is upon critical thinking. The article presents that the thinking in order to learn must be comprised of autonomous and critical cognition instead of straight absorption of

Management Article Example | Topics and Well Written Essays - 250 words - 2

Management - Article Example Techniques associated with training fall under two categories the first one being on-the-job method and lastly off-the-job method. On-the-job techniques include orientations, job rotation while the ones relating to off the job are lectures and conferences (Griffin, 395). Considering the fact that I am a new employee, orientation focusing on the mission, rules, regulations as well as a comprehensive outline of my responsibilities will enhance the performance of my present job. Coupled with the interactive nature of orientation is demonstration where the leader to whom I report to illustrates the use of both the tools and equipments necessary in the performance of my roles (Griffin, 401). Job rotation that involves changing duties is a training aspect that will grow my skill set in a series of tasks thereby improving on my efficiency and increasing my knowledge base. Moving on to the off-the-job training methods, lectures that integrate power point presentations enhance the understanding of important topics and provide an opportunity to ask questions that maybe instrumental in the practical environment (Griffin, 393). Conferences and discussions provide relevant information in an equal measure. In both, experienced experts are able to convey information on various ways of minimizing risks while performing duties effectively. This will go a long way in enabling me to solve challenges and meet the expectations of my job performance. The benefits of training in the job environment are substantial because training increase the morale of workers, reduces supervision and minimizes errors that may hamper smooth operations. Other than increasing efficiency, which translates to higher productivity, training offers an opportunity for career growth and