Mayan Civilization Essays - Maya Classic Period, Maya Civilization

Mayan Civilization Mayan Civilization INTRODUCTION The Mayan Civilization was an Ancient Native American civilization that grew to be one of the most advanced civilizations in the Americas. The people known as the Maya lived in the region that is now eastern and southern Mexico, Guatemala, Belize, El Salvador, and western Honduras. The Maya built massive stone pyramids, temples, and sculpture and accomplished complex achievements in mathematics and astronomy, which were recorded in hieroglyphs. After 900 the Maya mysteriously disappeared from the southern lowlands of Guatemala. They later reappeared in the north on the Yucatn Peninsula and continued to dominate the area until the Spanish conquest. Descendants of the Maya still form a large part of the population of the region. Although many have acquired Spanish ways, a significant number of modern Maya maintain ancient ethnic customs. PRE-CLASSIC PERIOD The Pre-classic period is the span of time in which the foundation of the more modern Mayan civilization was formed. The people went through huge developments in society and built up strength. Early Mayans were farmers and helped the community in keeping up the fields. They first used sticks to punch holes in the ground, but later, assumed more advanced farming techniques. Their main crops included maize (corn), beans, squash, avocados, chili peppers, pineapples, papayas, and cacao, which was made into a chocolate drink with water and hot chilies. Hunting and fishing were also a source of food for the early Mayans. They often hunted rabbits, deer, and turkeys, which were made into stews. When they were not hunting, fishing, or working in the fields, Mayan men and women took part in crafting useful items, such as stone tools, clay figurines, jade carvings, ropes, baskets, and mats. Women specialized in making clothing, such as ponchos, loincloths, and skirts. Like other ancient farming peoples, the early Maya worshipped agricultural gods, such as the rain god and, later, the corn god. Eventually they developed the belief that gods controlled events in each day, month, and year, and that they had to make offerings to win the gods' favor. Maya astronomers observed the movements of the sun, moon, and planets, made astronomical calculations, and devised almanacs. The astronomers' observations were used to divine auspicious moments for many different kinds of activity, from farming to warfare. Rulers and nobles directed the commoners in building major settlements. Pyramid-shaped mounds of rubble topped with altars or thatched temples sat in the center of these settlements, and priests performed sacrifices to the gods on them. As the Pre-classic period progressed, the Maya increasingly used stone in building. Both nobles and commoners lived in extended family compounds. During the Pre-classic period the basic patterns of ancient Maya life were established. However, the period was not simply a rehearsal for the Classic period but a time of spectacular achievements. CLASSIC PERIOD Classic Maya civilization became more complex as the population increased and centers in the highlands and the lowlands engaged in both cooperation and competition with each other. Trade and warfare were very important to cultural growth and development. Societies became more complex, with distinct social classes developing. Under the direction of their kings, who also performed as priests, the centers of the lowland Maya became densely populated jungle cities with vast stone and masonry temple and palace complexes. During the Classic period, warfare was conducted on a fairly limited, primarily ceremonial scale. Maya rulers, who were often depicted on carved stone monuments, carrying weapons, attempted to capture and sacrifice one another for ritual and political purposes. The rulers often destroyed parts of some cities, but the destruction was directed mostly at temples in the ceremonial precincts; it had little or no impact on the economy or population of a city as a whole. Some city-states did occasionally conquer others, but this was not a common occurrence until very late in the Classic period when lowland civilization had begun to disintegrate. Until that time, the most common pattern of Maya warfare seems to have consisted of raids employing rapid attacks and retreats by relatively small numbers of warriors, most of who were probably nobles. Lowland Maya centers were true cities with large resident populations of commoners who sustained the ruling elites through payments of tribute in goods and labor. They built temples, palaces, courtyards, water reservoirs, and causeways. Sculptors carved stelae, which recorded information about the rulers, their family and political histories, and often included exaggerated statements about their conquests of other city-states. RELIGION Mayan religion consisted of a wide range of diverse and varied supernatural beings or deities. They considered Hunab Ku to be the chief god and creator of the world, followed by other varied gods, including Itzamna, the lord of the heavens;

Key Performance Indicators in Alliances essays

Key Performance Indicators in Alliances essays Strategic alliances are formal relationship between two or more parties that meet critical business needs while allowing organizations to retain their independence. While retaining their individual independence, firms gain access to specific resources, manufacturing capabilities, project funding, capital equipment, knowledge, expertise, and intellectual property. However, if these alliances are to succeed, they must have established means to track and measure organizational performance, this requires establishing negotiated key performance indicators that will improve open communication while reducing organizational friction. Key Performance Indicators in Alliances It is no secret that the world is becoming a global market place and that organizations that wish to remain competitive are forming strategic alliances. Described as a formal relationship between two or more parties, strategic alliances are meant to meet critical business needs while allowing both organizations to retain their independence (Brown The Importance of Negotiating Key Performance Indicators Organizations that choose to partner, create a unique competitive advantage that is built on trust and commitment (Gibbs, 2009). Furthermore, once the alliance is established, it is hoped that each partner will learn from each other, thereby creating a benefits multiplier that is advantageous to both partners. Therefore it is essential that each organization negotiate KPIs that will attract custo...

Advance Directives

These are health care decisions made by a person on what he/she would like to be done to in case he/ she becomes incompetent at some time in future.   Decision making on health care issues is not easy and people are advised to seek advice from so many medical professionals in order to make the right kind of decision.   It is not only a persons doctor who should give directions on what to do then conclusions made from there, more information can be obtained from other health care professionals to help the person make satisfactory decisions on what he/she wants (Monagle and Thomasma 2004: 141). Advanced directives are made when one is mentally competent and are made on different forms as will be discussed.   Different patients suffer different illnesses or diseases and there are various cases of emergency.   Most cases that do occur are those of cardiac problems, respiratory and life sustaining problems.    Advance directives indicate what a person would like to be done to in case he/she can no longer make his/her own decisions (Monagle and Thomasma 2004: 141). A person is also allowed to assign this decision making role to a physician he/she trusts and knows his/her health status, therefore can make appropriate decisions.   Advanced directives as have been indicated, apply in different sections of healthy care.   Different health care departments have to abide by the advanced directives of the patients.   Almost all health care departments receive these advanced directives on what a patient would like to be done to.   An example is the emergency department that deals with resuscitation of patients with heart problems, respiratory problems among others (Bledsoe et al, 2008: 156). The paramedics in this department in most cases do not have the time to read and analyse the advanced directives written by the patient and the advanced directive may not even be available at the time of emergency.   They are always fighting to save the life of the patient at the time of emergency as their protocols dictate, giving them a hard time in consideration to advance directives documentation as well as information retrieval about the advanced directives. They therefore have problems with the advance directive system and forms.   Some countries or hospitals have developed different forms of advanced directives that suit the emergency department as well as other medical departments (Bledsoe et al, 2008: 157).   This will be discussed later.   The different forms of legal advanced directives are not known to so many people and so they do not know which one to use when in need of an advanced directive. Every adult in a mentally competent state is allowed to make a decision and write an advance directive.   It does not mean that if one does not have an advance directive then the person will not be treated or offered health care services, this is an optional measure just meant to give people a decent death or health care service of choice.   It is not only the people with terminal cases that write advanced directives.   Normal people who feel that accidents can occur to them and may need specific medical treatment write advanced directives indicating what they want and what they do not want when such a situation occurs (Cotts 2006: 5). This may be a problem though since the person at the time of decision making, do not know how the accident will occur or how his life will be affected after the accident.   It is only after the accident that the real facts can be revealed to the person.   This always causes problems with the close relatives to the incapacitated person.   Most cases of advance directive are on those with terminal illnesses who know that their life will not be good after some period of time and therefore make decisions on their life when they are fully competent (Cotts 2006: 5). People always make decisions not to be put into any life sustaining machines, not to be resuscitated or allow themselves to be treated so that there lives can be sustained.   An advance directive is just a guideline to a doctor on what the patient wants to be done to in cases of incapability.   An example of an advance directive is the Do Not Resuscitate, which dictates that a doctor should not resuscitate a patient in case of heart failure, or respiratory problem that makes the person not able to breath (Atkinson 2006: 46). There are different types of advanced directives.   These are anatomical donation, a living will and a health care surrogate designation.   There is a different form in case of emergency medical care.   If someone does not want any resuscitation in case of respiratory or cardiac rest, then a form of advanced directive known as the DNR (Do Not Resuscitate) is used.   All these types have specific areas of use (Atkinson 2006: 46).

Annotated Biblography Bibliography Example | Topics and Well Written Essays - 750 words

Biblography - Annotated Bibliography Example Haseena Lockhat try to disassociate the practice with the Islamic religion, it is believed by many at the village level to be a religious requirement with even scholars divided on hadith interpretation concerning it (Von der Osten-Sacken, and Uwer) When F.G.M has been attributed to North Africa or sub – Saharan Africa, it is a common practice in the Levant, the Arabian Peninsula and the Fertile Crescent which are Islamic with information lacking only due to the curtailing of freedom for feminists and free civil society in these state (Von der Osten-Sacken, and Uwer). Differences the west and the Middle Eastern societies on sexual matters is also a problem since it is easy to lean about them concerning the west but they are very secret in the latter culture with Islamic laws being restrictive on these matters which is also complicated by the lack of sex education in the institutions of learning of the latter culture. Differences in interpretation of Hadith make the proponents to argue that Prophet Mohammed did not ban it and thus it is admissible in Islam, making it a big problem. This article will be used on the proposed research to address the problem of FGM in Muslims as it is a serious problem in Islam which requires serious attention, so that the walls of secrecy can be broken in Islamic areas where it practiced, and victims educated on their human rights and dangers involved. The process of FGM involves the removal of all or part of the female genitalia to fulfill cultural or any other non therapeutic reasons. Study by Baasher (1982) indicates that F.G.M was practiced in ancient Egypt and related it to the belief in the bisexual nature of gods. The report by Ballal (2000) and Sanderson details the existence of the practice in Europe and the U.S.A in the second half of the nineteenth century (Afolayan & Oguntoye, 76). The report also details that in Africa the practice exists in nations like Egypt, Northern Sudan, Ethiopia, Djibouti, Somalia, Kenya and

Airline Operations Essay Example | Topics and Well Written Essays - 4500 words

Airline Operations - Essay Example The current market-centric performance of the two airlines is determined by their internal and external environments. For instance the internal environment consists of the airline's strength/weakness and opportunity/threat framework, organizational culture, leadership style, management and organizational structures, quality, value chain and HR management, communication, operations, finances, marketing, operations and so on. On the other hand the external environment consists of political, economic, social, technological, regulatory/legal and general environmental factors along with external supply chain management, strategic competitive environment and so on. Their product and marketing strategies are essentially aligned to the strategic competitive environment while operational strategies are basically influenced by the internal value creation methods. Product placement policy in different segments of the market of the two airlines has shown some constraints too. Marketing strategies of the two companies also have suffered reverses in the recent times despite a higher level of activity in the domestic markets. Sustained efforts to maximize the difference between costs and revenues are motivated by the invariably intensifying level of competition in both the domestic and international sectors. The proposed alliance between the two airlines on the transatlantic route will have a far reaching impact on markets and competition policy of other airlines. Finally financial management at both the companies has to be examined against the backdrop of a deteriorating performance of market metrics including share price and sales. A turnaround requires not only a strategic policy shift away from the existing gap-filling practices but also offensive strategic reorientation in selected segments. 2. Analysis 2.1. Historical overview Historically BMI evolved from the Derby Aviation Limited created in 1949 and changed its name to British Midland Airways in 1964 after the acquisition of the Manchester Airport based schedule and the Mercury Airlines. A significant change took place with it joining the Star Alliance in 2000 followed by rebranding the airline with BMI. Since then its labyrinthine process of evolution was coloured by a variety of twists and turns, some positive and some negative. On the other hand United Airlines began its commercial flights way back in 1926, in the US. Its original name was Varney Airlines founded by Walter Varney in Idaho. In 1927 Boeing Airtransport bought Varney Airlines. With the decline of the Pan American World Airways, United Airlines purchased the former in 1991 along with its rights over the routes to the London Heathrow Airport. It co-founded Star Alliance in 1997 and formed a marketing partnership with Delta Airlines in 1998. Except for its

Just in Time Essay Example for Free

Just in Time Essay Students will respond to the following: †¢Discuss the pros and cons of a JIT relationship from a supplier’s point of view and a buyer’s point of view. The con of the JIT relationship is that problems would occur if the company has sudden breaks to service and the supply. This may lead to labor strikes, and then eventually a failed business. A pro of the JIT relationship would be saving cost by not having unnecessary inventories. Also another attribute is flexibility, allowing the company to answer. †¢Analyze the short-term and long-term consequences that could come from implementing this JIT relationship. The short-term consequence of implementing JIT would be the cost that ties into the culture evolving, training staff on problem solving. The long-term consequence of JIT is improving the quality of the product along with the delivery of it. Once customers realize the proficiency of the company with its product that leads to a chance of a larger profit. †¢Discuss what factors Dixon and DS should consider before making a decision on this relationship. In regards to factors that Dixon and DS should consider before making a decision is: 1.Improved Quality- measuring the quality of service, timeliness, service consistency and courtesy. 2.Utilizing Multifunction Workers – Assist with improving quality and customer service. 3.Reduced Turn Around time – The competition is steady among companies that provide services, so a company that uses JIT concepts reduces the turnaround time and increase their speed.

Victim - Original Writing :: Papers

Victim - Original Writing Such odd patterns the rain made on the wet window. It had been pouring for nearly an hour now; Rachel found it quite relaxing. She sat on the couch watching some stupid talk show about people who had been victimized by con artists. She shook her head slightly, sighed, and stirred her tea. Rising while holding the mug perfectly still, she went into the kitchen to empty what remained of her Earl Grey. Upon her return, she remembered that she had left the window in her room open. Earlier that night, she had been sitting by that very window; the rain felt cool and clean on her rosy cheeks. Rachel cursed herself for leaving it partly open, which allowed water to cover a small portion of her bedspread. "Oh well. It will be dry in a while." She said, not to anyone in particular as she was alone in the house, after all. There was one person too many in the house when he sprang from the closet. The man really didn't look dangerous. His plain white shirt and black jeans did not appear threatening. His uncombed brown hair and lean build did not startle Rachel. Even his hazel eyes, empty as they were, did not alarm her. It was the butcher knife he gripped in his right hand that chilled her blood. "Little girls like yourself shouldn't be home alone. They might get hurt or killed or†¦.." He sprang at her with the deadly blade, forcing her to the ground. She screamed from both fear and sheer surprise. He held the knife to her throat with one hand and began to unbutton her cream-colored blouse with the other. Rachel struggled violently, yelling, "Get off of me, you sick weirdo!" He only grinned and continued. She clawed his right arm with her pointy nails, breaking the skin. He shrieked and dropped his weapon. Rachel quickly snatched it in her right hand while her attacker was briefly injured. She then sliced him across the hand, shoving him off

Modified Food Essay

The fact of the matter remains, there is potential for an amazing breakthrough in modifying the genetic components of our foods. If such a breakthrough were to come about, it could lead to a promising future of provisions for people who may not currently receive the benefits of a direct agricultural provider. There are current efforts to achieve insect, herbicide, and disease resistant crops of which could grow faster and in less fertile regions. In addition, these crop varieties could also pack in extra nutrients, take longer to ripen (extending their shelf life), and even contain essential vaccines for specific regions of the Earth. These predicted ‘super-crops’ could potentially put a large dent in the world issues of starvation, malnutrition, and disease. Obviously the future prospects of genetically modified foods are very exciting, and should continue to be explored. In my opinion, the money spent now researching and applying genetic theory could bring these possibilities to fruition and ultimately make a much larger impact then would allocating that money elsewhere. All things considered, there will always be the unknown and uncertain; in this case that remains the extension of genetically modified food use over time. Lab rat testing has warranted varying results of cancer and sickness on a minuscule level. Looking at this, we can surmise that the possibility of repercussions stemming from a continual and consistent diet of food that has been genetically tinkered with remains small. With this in mind, I would venture to guess that if we continued with the current implementation of genetically modified food into society, as well as the continual research into their future possibilities, it will end up benefiting us far beyond the influence of these negative implications. I agree that GE foods are not a direct solution to world hunger, malnutrition, and starvation; and I agree that alternative solutions should continue to be explored. Therefore, I entirely support the further investigation of genetically modified foods with the hope that it will not only lighten these societal burdens but potentially put a large dent in them. Anything will help at this point, considering how well the current system of resource distribution is working. All in all, with the prospects of what could be a fruitful future coming from genetically engineering and modifying our food, I’m all for it. BMJ 1999;318:581-584 ( 27 February ), Clinical review, Science, medicine, and the future, Genetically modified foods, Editorial by Dixon: (http://www. bmj. com/cgi/content/full/318/7183/581). Wikipedia! (of course†¦): (http://en. wikipedia. org/wiki/Genetically_modified_food) GM Food, Controversies Surrounding the Risks and Benefits of Genetically Modified Food: (http://scope. educ. washington. edu/gmfood/).

Children and Violent Video Games

â€Å"The worst thing a kid can say about homework is that it is too hard. The worst thing a kid can say about a game is it's too easy. † This was actually quoted by Henry Jenkins. Good Morning My Fellow Students and judges, as you all would know I would be discussing the topic video games cause violence and I would be talking in favor of this topic. More and more kids today are playing video and computer games — especially ultra-violent ones that are top sellers. A recent analysis shows that a majority of video games include violence and about half of the violent incidents would result in serious injuries or death in the real world.Violent video games can increase children's aggression. The number one negative effect is they tend to inappropriately resolve anxiety by externalizing it. So when kids have anxiety, which they do, instead of soothing themselves, calming themselves, talking about it or even expressing it emotionally by crying, they tend to externalize it. Th ey can attack something, they can kick a wall, they can be mean to a dog or a pet. Additionally, there's an increased frequency of violent responses from children who play these kinds of video games. Violent video games don't teach kids moral consequences.If you shoot somebody in one of these games, you don't go to jail, you don't get penalized in some way — you get extra points! This doesn't mean that children will go out into the world and shoot someone. â€Å"But they do use more aggressive language, they do use more aggressive expressions, they have less ability to control their anger and they externalize things in these violent ways. It's absolutely not good. The American Psychological Association says playing violent games correlates to children being less caring and helpful toward their peers.And these effects happen just as much for non-aggressive children as they do for children who already have aggressive tendencies. Children spend a great deal of time with violent video games at exactly the ages that they should be learning healthy ways to relate to other people and to resolve conflicts peacefully. Thus I think that playing violent video games is the same as watching violent movies, they are all scripted in the same way and they put you through the violence training. I would say that we should Jump off the video games and get a life! Children and Violent Video Games â€Å"The worst thing a kid can say about homework is that it is too hard. The worst thing a kid can say about a game is it's too easy. † This was actually quoted by Henry Jenkins. Good Morning My Fellow Students and judges, as you all would know I would be discussing the topic video games cause violence and I would be talking in favor of this topic. More and more kids today are playing video and computer games — especially ultra-violent ones that are top sellers. A recent analysis shows that a majority of video games include violence and about half of the violent incidents would result in serious injuries or death in the real world.Violent video games can increase children's aggression. The number one negative effect is they tend to inappropriately resolve anxiety by externalizing it. So when kids have anxiety, which they do, instead of soothing themselves, calming themselves, talking about it or even expressing it emotionally by crying, they tend to externalize it. Th ey can attack something, they can kick a wall, they can be mean to a dog or a pet. Additionally, there's an increased frequency of violent responses from children who play these kinds of video games. Violent video games don't teach kids moral consequences.If you shoot somebody in one of these games, you don't go to jail, you don't get penalized in some way — you get extra points! This doesn't mean that children will go out into the world and shoot someone. â€Å"But they do use more aggressive language, they do use more aggressive expressions, they have less ability to control their anger and they externalize things in these violent ways. It's absolutely not good. The American Psychological Association says playing violent games correlates to children being less caring and helpful toward their peers.And these effects happen just as much for non-aggressive children as they do for children who already have aggressive tendencies. Children spend a great deal of time with violent video games at exactly the ages that they should be learning healthy ways to relate to other people and to resolve conflicts peacefully. Thus I think that playing violent video games is the same as watching violent movies, they are all scripted in the same way and they put you through the violence training. I would say that we should Jump off the video games and get a life!

Myth Of A Classless Essays - Anthropology, Social Class, Free Essays

Myth Of A Classless Essays - Anthropology, Social Class, Free Essays Myth Of A Classless The myth of a classless American society coupled with social stratification impedes race relations in the U.S. far more than any racial differences. The never ending struggle of the have-nots to become one of the haves produces a frustration and feeling of oppression that acts as a catalyst for spawning racial tensions. Minorities see the majority of wealth in the hands of the white population and feel that the wealth is unevenly distributed. Whites hear of government programs for minorities and feel as if they are lazy or just looking for a handout. This occurs and stereotypes are formed. Combine all of this with the United States system of dual welfareand the perfect environment for racial strife is created. In our classlesssociety of false hope the working class and poor are continually seeking opportunities to excel that just aren't there. They have been led to believe that intelligence and ambition are key contributors to one's success. This belief lays blame on the unsuccessful themselves, even if they do possess ambition and intelligence. These people are in a never ending cycle of struggle, followed by minimal rewards, which eventually produces a frustration that sometimes leads to desperate measures. The Summer Stragedy, The Filling Station, Southeast Arkanasia, The Southern Road and Mending Wall are the stories and poems that depict the life of a different classes people in a society. One way you can read Mending Wall by Robert Frost is that it is about a man who rebuilds the wall seperating his property from his neighbours. This man, this person created by Gray doesn't seem to believe there is a use for the wall as he [the neighbour] is all pine and I [the persona] am apple orchard, but his neighbour believes that good fences make good neighbours. The persona tries to change his neighbour's opinion by trying to put a notion in his head? but his neighbour seems to just ignore him. So the person gets annoyed and thinks of him as an old-stone savage. This is a very simple situation which we can all relate to. But, if we read deeper into the poem we may find the meanings that Robert Frost wanted us to see. Firstly, as we know that this persona is against the building of walls where not necessary we find that it is this persona that initiates the re-building of the wall. I let my neighbour know beyond the hill. This gives the reader something to think about. It puts questions in the reader's mind as to why he would initiate this if he doesn't think it's necessary. One reason may be that this persona enjoys the company of his neighbour - but he gets frustrated with him. Maybe this person is a lonely person and any company is good company. They meet to walk the line. Maybe through mending the wall between them they are mending their friendship. These are all viable options and as we read further into the poem we may understand to a greater extent why he does this. When the two start building the wall the reader may notice that words such as we and our are used giving the feeling of cooperation and companionship. The persona once calls this task an outdoor game which connotes feelings of enjoyment, cooperation, competition. The fact that they walk the line one on a side gives a visual image in the readers mind and may remind them of a tennis game. I must emphasize that what is being told in the poem is from the personals point of view, not directly Frost's, so the reader must beware and realise that it is possible that the persona is wrong in some of his comments. There where it is we do not need the wall. This comment being straight to the point makes the reader feel as if the persona is denying the fact that it is the wall that brings the two men together to cooperate with one another and to converse with one another (to a certain extent). The line directly after this comment segregates the two from one another by contrasting the type of people they are with each other. He is all pine and I am all apple orchard. the fact that this statement comes directly after the comment on the uselessness of the wall suggests that it is these kind of attitudes that puts a barrier between people thus segregating them

Public good provision, punishment, cooperation, and defection Essay - 1

Public good provision, punishment, cooperation, and defection - Essay Example Along with it, in case of public good consumption, no one has the right to exclude some other individual from consuming the good. In practice, it would be difficult to find out such goods which are non-rivaled as well as non-excluded in an absolute term. However, economists generally think that although absolute non-rivaled and non-excluded goods are non-existent, there exist some goods which have the feature that approximate the concept of public goods. The paper addresses both the problems and necessity of public goods, generation of negative emotions owing to free riders and the necessity of punishments. In case of understanding the problem relating to the public good provisioning, it is necessary to build up clear understanding regarding public good. Some examples can be used here to understand the features of public goods and why it efficient provisioning seems to be so problematic. For the purpose of easy understanding let us consider the case where a person is drinking one glass of milk. Once he finishes his drinking there will remain no milk in the glass for the other person to consume. Therefore, any other person is getting excluded from consumption of the milk in the glass. Therefore, this one glass of milk is a rivaled and excluded good. In contrast, let us assume the case of breathing air. It is a well known fact that breathing air can not be reduced significantly by the consumption of it by some person. Therefore other persons can easily get access to this breathing air, and non one can be excluded from breathing. So, breathing air can be regarded as non-rivaled and non-excluded good. But there is no such problem in the provision of breathing air since it is a natural resources. No cost goes into its production. These are known as free goods. But thing is not same for all the non-rivaled and non-exclude goods. All public goods are not free goods. For a large set of public goods, huge

Risk Management Plan for Business Essay Example | Topics and Well Written Essays - 2000 words

Risk Management Plan for Business - Essay Example Practitioners have developed several approaches in resolving the adverse effects punctuated by risks. Through the years, systematic methods were devised to arrive at the best results and prevent the risks from recurring. Moreover, risk management has become part of the entire strategic planning and other similar corporate endeavors (Leland, 1998). In a more specific view, project development processes have included identification of risks as well as the provision of action plans to combat the risks. These improvements in the perception of project risks have provided leverage for organizations. The process of implementing risk management is procedural and requires intricate schemes. Ideal risk management suggests that the risk with the will create more loss and likely to happen is prioritized. Risks with low-key effects and with less probability are shelved for later actions. Based on this model, it is evident that it is difficult to create strategies to mitigate risks. It will be a challenge for firms to balance the risks and determine their impact and probability. LRH Financial is global investment management company that serves as financial intermediary. The marketing group headed by Alana Shapiro has been contemplating on creating projects that will become the marketing initiative of the company. Initially, the company has targeted the media as the most viable avenue to promote the company. The specific project was designed to make the company a primary sponsor in golf and basketball events. It is expected that such exposure will make the company highly recognizable. In addition, the company will become a commodity among households and sports aficionados. Since golf and basketball are emerging sports, television viewers are highly interested in watching such games. Despite of this expected success, the project team has realized the tendency of risks to occur. Essentially, this will provide a better picture on the manner in which the project will perform. The team will be tasked to identify the different risks according to the nature in which the risks exist. The process will be rigorous as it will require time before the team finally arrives at project plans. It is, however, advantageous for the company to explore the possibilities of barriers to the project. For the project to succeed, the project team has to properly identify the risks and determine the level of prioritization. Although risks are difficult to quantify, the team has the capacity to determine the likely impact of these risks to the company. Precision and accuracy are important in this process. It is imperative for the project to create a viable action plan that will handle the risks and anticipate the occurrence of unknown risks. Risk Identification Because the project is dynamic, it is expected that risks will exist and eventually affect its efficacy. Before identifying the risks, it is important to discuss the nature of the project. The project concerns sporting events particularly golf and basketball to be sponsored by LRH Financial. Interestingly, the budget for the project is perceived to be adequate and the support from high-ranking officials is ample. Primarily, the name of the company will be exposed in the basketball and golf games. These will be done orally through the commentators and by print using banners and video graphics. Given the nature of the