Hotel operation management Essay Example | Topics and Well Written Essays - 4000 words

Hotel operation management - Essay Example The analysis of this report focuses on analyzing the strengths, weaknesses, opportunities and threats which the seaside hotel faces in the industry. The financial analysis of the three years reveals that the hotel has increased its performance from the first year to the second year. However, from the second years to the third year, there was a reasonable decline in the overall revenue of the hotel. During the third year, the hotel offered discounts to the customer which was not reflected on the sales of the hotel. Further, the third year witnessed stiff competition as the facilities and services of the rival hotels and resorts were ranked higher than that of seaside hotel. This led to a decline in the revenue. The strengths of the company lie in the ability to compete favorably in the industry while encroaching into new markets. As such, Sea side endeavors to undertake several strategies in year 4 which will see the development of the conference facilities which are more updated due to increased demand. The hotel also wished to expand their operations by application of successful and sufficient advertising mechanisms for their different sectors such as conference facilities, bar and restaurant. The purpose of this report is to provide an analysis of Seaside hotel using the financial data of three consecutive years to analyze it performance and trends. The hotel is a 3 star hotel, for this reason it is characterized by a restaurant, bar, small health club, conference facilities and business services. There is also ample car parking and grounds that many a times have brought revenues from the weddings. Over the last three years the hotel has really performed quiet well. The hotel has been able to survive in a competition intensive market and managed to develop more and more into a major hotel in the region. This section will analyze the performance of the hotel for the last three years. It will be guided by the financial analysis of

Anthropological linguistics Essay Example | Topics and Well Written Essays - 750 words

Anthropological linguistics - Essay Example Phonemes, Morphemes and Grammar Phoneme is considered to be the first building slab of language. These are the most fundamental unit of our speech; an individual sound. Phoneme is the common feature of all languages. English uses around forty phonemes. They can have further distinctive classifications and features like voiced or unvoiced components. Phonemes are so fundamental that they do not convey any meaning until put together. (Kendon, 2000) Morpheme is the second building slab of language. A morpheme, as defined by linguists, is the smallest meaningful unit of language, produced from an arrangement of phonemes. As far as their further classifications are concerned, morphemes are of two types, the first ones are content morphemes and the second ones are function morphemes. The basic meanings of a word are held by content morphemes while prefixes and suffixes work as function morphemes. The main characteristic of function morphemes is this that they add a little additional meanin g to the word. Grammar is considered to be the last and final building slab of language. According to grammarians, grammar is the collection of set rules of language that stipulate how phonemes, morphemes, phrases and words should be arranged and combined to communicate meaningful thoughts. Besides this, grammar also governs how to employ different classes of words and their inflections. Grammar is a combination of two ingredients; syntax and semantics. (Kendon, 2000) Syntax is the set of grammatical rules that state in what order the words and phrases should be arranged in a sentence in order to convey meaning. In human life development, by the time one is proficient to read, his or her syntactical perceptive sense is exceedingly developed. Furthermore, this makes it sound like even sentences that are composed or based on of unfit or apparently odd words make sense because they follows appropriate syntax. Syntax and syntactical rules are different and diverse in every language. (Ke ndon, 2000) For example, English speaking people place adjectives prior to nouns while many other languages place the adjective after the noun. Another important field of linguistics is semantics. Semantics are the meaning itself or study of meaning derived from morphemes, words and sentences. Semantics depend upon a variety of relevant factors such as word choice, context and whether the speaker’s intent is figurative or literal. All these are building slabs of human language and are integral part of all human languages in anthropological linguistics. Without these building slabs humans, speaking any language of the world, would not be able to converse with each other. These are the core rules and units of speech which are all significant components to help convey our opinions, thoughts, ideas, feelings and personal experiences through language. Non Verbal Communication Non-verbal communication is used so often that we actually forget that we are using it. We do not realize how much we rely on non-verbal communication; the reason for this is due to the fact that most non-verbal communication transpires on a level that is below our conscious awareness. (Kendon, 2000) While many aspects of nonverbal communication are culturally specific, some, e.g. facial expressions and gestures, appear to have near universal levels of recognition. Non-verbal messages are also viewed as more authentic because behavior cannot be restricted as effortlessly as spoken words. (Kendon, 2000) Perhaps the most

How to Write a Good Dental School Essay Example for Free

How to Write a Good Dental School Essay This article was created by a professional writer and edited by experienced copy editors, both qualified members of the Demand Media Studios community. All articles go through an editorial process that includes subject matter guidelines, plagiarism review, fact-checking, and other steps in an effort to provide reliable information. By WayneS, eHow Contributor Writing a good dental school essay may may be the difference between being accepted and rejected. An important part of applying to dental schools is writing a personal essay. The essay provides applicants with a chance to relate the attributes they would bring to the school and show their commitment to the field. It also offers applicants a chance to demonstrate how dental school will fulfill their professional and personal goals. Essays can be a deciding factor when schools make admission decisions, so applicants should put a lot of careful time and effort into writing them. Instructions Devote a lot of time to brainstorming. A clear understanding of exactly what you want to say is a necessary step when writing a compelling and effective dental school essay. While brainstorming, keep the three major goals of the essay in mind. First, establish exactly why you want to be a dentist. Second, think of any personal experiences that will prove helpful in dental school. Finally, search for qualities that would make you a good dentist. These can include schoolwork, clinical experience and community activities. Think of personal stories that will show you can be successful in dental school and dentistry. These stories should demonstrate the compassion needed to be a good dentist and identify experiences and skills youwill bring to dental school. Start the essay by using one of these stories. This will draw the reader into the essay more effectively than a list of accomplishments. Organize the essay. Determine the major points that you need to make in the essay and organize stories and information around those points. Instead of just relating all the stories at one time, organize the essay by topics. One topic can be how you have enthusiasm for the field. Then, use stories and information to demonstrate that enthusiasm. Â  Write the essay so it reflects the way you speak. It should flow naturally and be easy to read, not pedantic and full of jargon. The purpose is to sell yourself to show how you would be a great asset to the school and the field of dentistry. Â  Avoid cliches and worn-out themes. Use stories and practical examples to show the why the school should admit you. Do not just say that the you are committed or enjoy helping people. Provide practical examples of this commitment and desire to help. Have someone with a solid journalism or English background proofread the essay. Typos and misspellings can make you appear unprofessional and increase the chances of rejection.

Analysing Invisible Man Essay -- Invisible Man Ralph Ellison Essays

Analysing Invisible Man After reading this book I wondered what it would be like to be blind then gain sight, but realize you cannot see yourself because you are invisible. It seems like a cruel joke that once you can see you realize that you still cannot see who you are. Even though this seems like a very depressing event Ellison makes it seem like a positive thing. While, at the end of the story, the narrator still does not know his place in the world he seems to be glad that he is no longer blindfolded. He even questions the reader's ability to see, "Who knows but that, on some lower frequencies, I speak for you?" What Ellison does well is the evolution of the narrator's blindness. The blindness motif seems to first show up at the battle royal. The blindfold scares the narrator. He was not used to darkness, and it put him in a "blind terror." This is the first time that the narrator admits his blindness, but at the same time he also shows the blindness of others. All of the men in the battle royal are blindfolded. Is this symbolic of the African-American's plight in society? The whites have blindfolded them and they have no idea who they are fighting against. So they end up beating each other rather than the real people they should be fighting. I think Ellison goes even deeper than mere race relations in this scene. I think he is showing the plight of the individual in society. I think Ellison is saying that we fight blindly amongst ourselves, and it is not until we take off the blindfolds that we can band together and fight the real enemy. When the narrator finally is allowed to remove his blindfold he is so preoccupied with what he believes he is there f or that he can not really focus on his fight with Tatlock. Again Ellison is commenting on the plight of the individual. The narrator is also blind to Dr. Bledsoe's true nature. It is not until later in the story that he realizes that Bledsoe wears different masks in front of different people. The narrator cannot be completely held at fault here because others are also fooled by Bledsoe. Bledsoe also dupes Barbee. Ellison then lets the reader know that Barbee is physically blind. Why is that fact important? I believe that Ellison is saying that anyone who buys into Bledsoe or Bledsoe's way of thinking is also blind. There is a point in Barbee's speech where he is "turning toward Dr. B... ... fact that he can be mistaken for Rinehart proves that Rinehart has no identity himself, but it also proves the same thing for the narrator. This seems to be why the narrator is never given a name. How do we identify people? By their names, and he has no identity so he is nameless. The Epilogue is as important as the Prologue. Here we learn that the narrator is ready to go out and search for his identity. However, now he seems to see himself as higher than others because of his experiences. He states that everyone has experienced the same thing he has, but on a "lower frequency." Is this conceit, or is he trying to relate to everyone? If it is conceit then I am less likely to trust the narrator and his point of view on all that happened to him. However, he speaks of his "social responsibility" so he seems to be a caring person, and it is because of this that I trust him. Questions: 1. Is Mr. Norton wrong in believing that the narrator is "his destiny"? 2. Who is the most "visible" person in the book? 3. Ellison seems to be speaking out against stereotyping, yet most of his characters are types rather than characters. Is he the very thing he is speaking out against?

Alon Together

Yuqin Ge Prof. Joshua November Final Draft 4 4. 8. 2013 Imagination and Reality Individuals live with both imagination and reality. Often, imagination is based on reality and rooted reality. They utilize their imagination to image something they have never seen to fulfill their curiosity or something they are eager to realize. In â€Å"The World and Other Places,† Jeanette Winterson depicts a boy, a fictional character, who imaged flying to many places in his childhood. When he grew up, he joined the Air Force and realized the reality was not as fantastic as he had imagined.In â€Å"Bumping into Mr. Ravioli,† Gopnik uses his daughter Olivia and her imaginary playmate Charlie Ravioli, who is always too busy to play with her, to reveal a deeper truth about New York. Gopnik explains how imagination can be beneficial in understanding reality. Gopnik and Winterson both confirm that imagination is beneficial because it can help individuals to develop their identity and to hav e fun. One the contrary Gopnik contradicts Winterson, suggesting that imagination can also let individuals feel disappointed when imagination can not match reality.Individuals can develop their identity with imagination. Gopnik confirms Winterson on people can develop their identity through an imaginary sense. In Winterson’s story, the narrator was disappointed because reality was so different than his fantasies in his childhood. He supposed the real places and the people would be like fantasy as he imaged; however, his reality let him down. He lost himself and tried to find a specific answer to his identity, â€Å"How shall I live? † (287) Until one day, the narrator met an old woman in the park, he realized he could develop his identity through his imagination.Although the old woman was in poverty, she was happy, â€Å"Happy. The kind of happiness that comes from a steadiness inside. This was genuine. This was not someone who had turned away from the bolted door. It was open. She was on the other side. † (288) The narrator imaged there was a bolted door and the old woman was on the other side from him, because the old woman knew her identity and her expectation clearly. Here, the narrator learned he could not find his identity because he was not satisfied with his expectation from the old woman who was on the other side.He realized and developed his identity due to the usage of imagination. Gopnik confirms Winterson that Gopnik develops his identity through his daughter’s imaginary friend Charlie Ravioli who is always too busy to play with her. Olivia creates an imaginary friend based on the real world where she lives. There is a big difference between children like Olivia and children from out of New York. Olivia lives in New York which is busy, tight and huge, and the children who live outside of the cities live in a world where they can be free to play and do as much as they want to.Charlie Ravioli is a typical New Yorker, â₠¬Å"fit, opinionated, and trying to break into show business. † Gopnik notices that almost every single person in New York is as busy, or may pretend as Charlie Ravioli. Gopnik is also a New Yorker, and he realizes, â€Å"Busyness is our art form, our civic ritual, our way of being us. Many friends have said to me that they love New York now in a way they never did before, and their love, I’ve noticed, takes for its object all the things that used exasperate them—the curious combination of freedom, self-made fences, and paralyzing preoccupation that the city provides. (160) He realizes that the busyness in New York is more different than before. Gopnik realizes himself as a New Yorker like Charlie Ravioli, and then he develops his identity. Winterson’s developed his identity, and then he continued to seek the answer â€Å"How shall I live? † much deeper through his imagination. Gopnik also develops his identity and he knows himself and New Yorkers w ell. Both Winterson and Gopnik confirm that individuals can develop their identity with imagination. Gopnik confirms Winterson’s that individuals can have fun with their imagination.In Winterson’s story, when the narrator was a child, he and his family were too poor to travel anywhere, but they spent time on an imaginary trip in their living room. They used their imagination to fly away to better places such as â€Å"Bombay, Cairo, Paris, New York† and escape the reality of poverty that they faced (283). When they reached destination, they enjoyed themselves in their trip. The narrator stated, â€Å"When we reached our destination, we were glad to stand up and stretch our legs. Then my sister gave us each a blindfold.We put it on, and sat quietly, dreaming, imagining, while one of us started talking about the strange place we were visiting. † (284) Although they had never been to these places and didn’t know the appearance of these places, they con sidered these locations as amazing places to travel to. The narrator had so much fun flying an aeroplane with his imagination. Likewise, in Gopnik’s essay, his daughter Olivia has fun with her imaginary friend, Ravioli. A paracosm is an extension of imaginary friend, it is an imaginary world.He mentions about his daughter that â€Å"The existence of an imaginary friend had liberated her into a paracosm, but it was a curiously New York paracosm† (160) Author Gopnik uses the word paracosm in his essay which describes a detailed imaginary world which his daughter creates. His daughter has made herself her own little world with her imagination, kind of a mini New York. In this world she lives the life of a New Yorker with a busy life and with friends who have no free time to sit down and play with her.Although she is unlike the other children who play, have a nap and pay a visit to the Central Park Zoo, â€Å"she is too hurried to share them, that she dose have an indepen dence social life, by virtue of being to busy to have one. † (154) Olivia enjoys herself in her imaginary world, so she is too hurried to share them. Olivia’s childhood is different from other children’s. She creates her own world which based on reality. She enjoys herself with her imaginary friend in her own world. In her site, she regards this imaginary game as fun and she has fun with this creating world.The narrator had fun in his fantastic travel and Olivia enjoys herself and has fun with their imaginary world and friend. Therefore, Gopnik confirms Winterson’s on individuals can have fun with their imagination. Imagination is a double-edged sword. It can benefit individuals but can also make individuals disappointed. This depends on if it is based on reality or not, Gopnik complicates Winterson’s negative stance on reality. In Winterson’s story, when the narrator was a child, he and his family would spend time in their living room on tra veling with their imagination.They used their imagination to fly over better places, such as â€Å"Bombay, Cairo, Paris, New York† and escape the reality of poverty that they faced (283). After years of dreaming of these places, the narrator joined the Air Force and physically traveled to these places he imaged traveling to in his childhood. After all his traveling, he stated, â€Å"Bombay. Cairo. Paris. New York. We have invented them so many times that to tell the truth will be a disappointment† (289). After traveling to all these â€Å"amazing places,† he was disappointed because he was unable to tell his amily the truth that these places were not as amazing as they had imaged them to be. He was disappointed because he had imaged these places in his childhood with his imagination, and they didn’t match his expectations. Unlike the narrator, imagination benefits Gopnik’s daughter, due to the fact that her imaginary world is based on reality. In G opnik’s essay, he illustrates how beneficial the imagination is. Gopnik’s daughter, Olivia, has an imaginary friend Mr. Ravioli, who is too busy to play with her.Gopnik’s sister certifies that children create an imaginary playmate â€Å"not out of trauma but out of a serene sense of the possibilities of fiction-sometimes as figures of pure fantasy, sometimes, as Olivia had done, as observations of grown-up manners, assembled in tranquility and given a name. †(155) This means imagination is not a trauma, is beneficial to help Olivia cognize the reality. Olivia begins to understand how to organize her experience into stories through her imagination.She created an imaginary friend based on her observation of the adults living in New York. This creation of the imagination is rooted in reality because her imagination can match the reality where she lives. Gopnik’s daughter creates an imaginary friend who benefits her to cognize the reality; however, in Winterson’s, the narrator disappointed because the reality didn’t match his expectation. Gopnik contradicts Winterson on imagination can benefits individual when imagination depends on reality. Imagination is a double-edged sword.If individuals are able to connect imagination with reality, they will be able to develop their identity and have fun with their own world. But if individuals cannot match imagination with reality, they would be disappointed, just like the narrator in Winterson’s. In Gopnik’s essay, because Gopnik match reality with his daughter’s imaginary playmate, he develops his identity in New York. Winterson confirms Gopnik, because the narrator developed his identity through his an imaginary bolted door. Both Winterson and Gopnik confirm that individuals can have fun with their imagination.

Risk framework analysis - Free Essay Example

Sample details Pages: 7 Words: 2123 Downloads: 2 Date added: 2017/06/26 Category Marketing Essay Type Argumentative essay Did you like this example? Table of Contents Introduction Types of Business Risks Risk Framework Strategies and Initiatives of the Selected Companies Effective Risk Management Framework of Abu Dhabi Insurance Company  ·Assessment Techniques  ·Effectiveness Measures Risk Management tools in Market International Insurance Company Abu Dhabi National Insurance and Market International- A comparison of financial statements 1.Capital management framework: 2.Regulatory Framework: Conclusion References Comparison of risk management between Abu Dhabi National Insurance Company and Market International insurance company. Introduction Risks are a natural part of all types of businesses. Every organization be it a public or private sector organization has to face several kinds of risks. These may be systematic or unsystematic risks. No matter whatever is the type of risk, it needs to be assessed as soon as possible and it must be countered by using the most effective tools and techniques. For this purpose, various risk management frameworks have been designed (Zelenskaya, 2013). This paper attempts to analyze the risk management frameworks of two insurance companies, one of which is based in Abu Dhabi and the other one is a foreign international company. The paper will explore the similarities and differences between the methods of risk measurement used by these companies and their impact on the organizational performance. Don’t waste time! Our writers will create an original "Risk framework analysis" essay for you Create order Types of Business Risks Risk refers to the chance of suffering any kind of financial loss by the company. It is a danger for the organization because it presents a threat to financial returns of the company. Following are the different types of risks usually faced by any business: Strategic risk occurs in an industry because of changing customer demands or preferences or by the emerging technology of the competitors. This risk can be countered by collecting timely feedback from the customers. The second is the compliance risk which occurs due to bureaucratic or regulations and thus impacts the investment procedures of the company. Another most important type of risk is the financial risk which impacts the gross profits of the company which is one of the objectives of the organization therefore; this risk must be immediately countered. Moreover, the company might also face operational risks which might occur due to the internal processes, systems or people of the company. Sometimes, it might also be due to external factors. One kind of non-financial risk is the reputational risk which has the capacity to harm the business to a great extent. It might occur due to product failures or other similar procedures. This might result in loss of a large number of customers. Reputations take lots of years to establish but they can be destroyed in a single day or even by a single wrong activity Apart from the above mentioned categorized risks, there are several uncategorized risks for example: there might be any disturbances due to natural disasters, high employee turnover and so on. (Griffin, n.d.). Thus, it can be said that the business environment is never safe. It always faces many risks which need to be resolved through the development of proper frameworks. It is not necessary that every firm is facing all of these risks at the same time. Major types of problems that are associated with the insurance companies are insurance related risks, financial instability, loss of customers, transfer risks, underwriting risks and so on. All of these must be assessed in order to make sure that the company is moving in the right direction to achieve its goals and objectives (Jolly, 2003). Before moving on to analyze the risk assessment frameworks used by the selected companies, a brief overview of risk frameworks is presented below in order to develop a deeper insight into how these organizational structures counter the financial and other related risks. Risk Framework A framework refers to a systematic tool used to counter all the types of risk mentions. For instance: company might use specific software for this purpose, some other company might use spreadsheets, internally developed system of the company and so on (Shortreed, Hicks, Craig, 2003). Any risk management framework is based upon proper timeline of procedures which have the following aims: To make the organizational operations more smooth, transparent and easy to understand for the stakeholders. To make all the organizational processes more efficient and effective To allow proper risk assessment, estimation, monitoring and control in terms of standard procedures and methodologies. No matter what is the type of method used, the risk measurement basically follows the analysis of following steps or procedures: The first step is to categorize the type of risk being faced by the company. After that, the right kind of system must be selected according to the categorized risk. There must be proper compatibility between the two factors i.e. the risk and the selected system. The company must then assess how it can reduce the level of the selected risk. After assessment, proper implementation procedures must be designed and followed. The system must be authorized to measure any risk related changes in the operations, individuals and systems of the company. In the end, the company must monitor whether its selected system has proved to be successful in the reduction of risk or not. Strategies and Initiatives of the Selected Companies The study conducted on Abu Dhabi Insurance Company and Market International shows that both the companies use highly effective risk management procedures. Abu Dhabi Insurance Company allocates almost 20% of its budget to risk assessment and control while the insurance company of US devotes almost 25% of its budget to risk control. This is because the latter believes that it has to face more diversity of risks therefore; the framework of budget for the two companies is also different. Insurance risks and market risks are becoming greater with the passage of time because the business world is too dynamic. Therefore; these risks are related to the internal activities of the organization. Effective Risk Management Framework of Abu Dhabi Insurance Company This company uses the ERM framework to assess and control the risks associated with its business. The company has designed proper mechanisms to measure where the gap exists between the actual and the expected performance and what are the reasons of this gap. Moreover, the company has developed a proper department which has risk supervisor managers who prepare manuals and documents that highlight the major problem areas of the company. These documents are then circulated to all the relevant departments in order to make sure that every member of the company is on the same page.  · Assessment Techniques While assessing the risks, the company has designed proper methodologies to that measure the design and performance of the company. These techniques also explain what would be the most effective tools to overcome risks. The dynamics used for assessment are the compliance methods which regulates the performance against specifically set standard procedures.  · Effectiveness Measures After making risk assessments, effectiveness of these components are measured in a variety of ways. These measures tend to improve the transparency, confidence, decision making and control procedures of the company. The CEO of Abu Dhabi National Insurance Company has emphasized on the important of all these measures and has communicated it directly to the employees of the organization so as to make sure that there are individual as well as collective efforts being made towards reducing the risks and increasing organizational productivity. Following is an illustration of the risk management framework used by Abu Dhabi National Insurance Organization: This framework provides a deeper insight into all the factors affecting the organizational smooth operations. It is used by Abu Dhabi National Insurance Company by the mangers designed specifically for this purpose. All of the factors mentioned in the table are market as either high, medium or low with differen t colors which indicates the level of the risk and its capacity to harm the organization. High risk Medium risk Low risk Risk Management tools in Market International Insurance Company Since the organizational structure of both these companies is more or less similar, therefore; there are a huge similarities between the types of risk they face in their respective environments. Despite of these similarities, many differences exist between the risk management tools designed by these companies (Chapman, 2011). Market international has a triangular risk framework which bases the whole process on three major things which are illustrated below: This is the major framework followed by the Market Insurance Company. The corporate managers or the stake holders engage in the decision making process and these long term strategic decisions include such activities which would manage and monitor the involved risks. The company uses various risk treatment procedures to evaluate these frameworks in order to resolve any issues that haunt the companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s effectiveness. In order to follow this framework, a preliminary analysis is carried out b efore the treatment. It can also be referred to as the screening level of identifying the financial risks which occur when the company does not get expected returns or when the customers leave the company. For this purpose, Market International engages in the following procedures: Risk Estimation is done to measure the magnitude of risk probability and its related consequences. Evaluation is done in order to measure the risk against the criteria or costs and benefits as well as the demands of stakeholders. There have been various treatment options that have been developed to bring down the risk to an acceptable level. Establishing the criteria has always proved to be a challenging task for insurance companies because of their dynamic and complex environment. However, Market International has developed proper consideration methods to deal with this issue. Abu Dhabi National Insurance and Market International- A comparison of financial statements Developing frameworks and tools for risk assessment and measurement is just one of the objectives. The real aim of this project is to analyze to what extent, these different tools of insurance companies have been able to reduce the level of risks they had. This can be done by looking at the values provided in the financial statements of both the companies and then analyzing these values. The values from consolidated financial statements of Abu Dhabi National Insurance Company for the year 2011-2012 are as follows: Most of the risk was insurance risk caused due to marina cargo, engineering insurance, health and motor insurance, group life insurance, property and liability insurance, aviation insurance, accident insurance and so on (ADNIC, 2012). In order to counter these risks, the company used the following two major frameworks: Capital management framework: This was used to protect the goals of stakeholders and to achieve financial performance objectives. This internal tool analyzed the amount of capital needed to mitigate the risk and then economic impacts of this capital were used to resolve the loss crisis (The new risk and capital management framework, 2012). Regulatory Framework: This was used to manage and monitor the internal affairs and to ensure that the company maintains a solvency position to reduce the financial risks and the risks arising from natural problems. Regulations were imposed to carry out smooth operations and to reduce any kind of insolvency found within the organization. On the other hand, Market International also incurred 45% and 47% loss during the last two years and the major methodologies used by this company to counter these risks was the portfolio approach. The use of portfolio framework provided the stakeholders with right information regarding risk estimation and measurement and the stakeholders then engaged in the decision making process to mitigate these risks. Both of these techniques have proved to be useful in measuring and reducing the level of risks associated with these insurance companies (Culp, 2002). Conclusion Thus, the above project clearly indicates that risk is a natural part of any business enterprise. Insurance companies use different types of approaches to reduce these risks. Different frameworks and tools used by ABNIC and Market International show that financial risk can be best mitigated by developing the right kind of approach and then implementing this approach and framework in order to make sure that the company is progressing financially as well as non-financially. References ADNIC. (2012, December 31). Directors report and consolidated financial statements. Retrieved from https://www.esca.ae/English/Secured/Companies/Financial_Reports/annualreports/ADNIC2012EN.PDF Chapman, R. J. (2011). Simple Tools and Techniques for Enterprise Risk Management. Wilay Publishers. Culp, C. L. (2002). The Risk Management Process: Business Strategy and Tactics. Wiley Publishers. Griffin, D. (n.d.). Retrieved from https://smallbusiness.chron.com/types-business-risk-99.html Jolly, A. (2003). Managing Business Risk. Kogan Page Publishers. Shortreed, J., Hicks, J., Craig, L. (2003, March 28). Basic Frameworks for Risk management. Retrieved from https://www.irr-neram.ca/pdf_files/basicFrameworkMar2003.pdf The new risk and capital management framework. (2012, February 27). Retrieved from https://www.actuarialeye.com/2012/02/27/icaap-the-new-risk-and-capital-management-framework/ Zelenskaya, A. (2013, February 19). Framework for Improving Credit Risk Manage ment Using Champion/Challenger Approach. Retrieved from https://www.scorto.com/blog/framework-for-improving-credit-risk-management-using-championchallenger-approach/

Swot Analysis for Nintendo - Free Essay Example

Sample details Pages: 5 Words: 1367 Downloads: 10 Date added: 2017/09/13 Category Advertising Essay Did you like this example? Company overview Nintendo is a Japanese based corporation founded in 1989. It’s original purpose was producing handmade hanafuda cards. After failed attempts at changing the direction of the company, it found success in the interactive entertainment systems and software industry. It changed its name from Nintendo Playing Card Company to Nintendo Company, Ltd. in 1963. Since then, Nintendo Co. has been creating video games and gaming systems that have become tops in their respective categories. In the early 1980’s, Donkey Kong was introduced to the markets and became an instant classic. This was followed a couple years later with Super Mario Brothers and Legend of Zelda. All three of these games are recognizable by most people. After these games were introduced on Nintendo’s original game system, Nintendo introduced an upgraded version of their original gaming system and called it Super Nintendo. This 16-bit console enjoyed instant success in both the Japan and American markets. Five years later another upgrade was introduced called Nintendo 64. Don’t waste time! Our writers will create an original "Swot Analysis for Nintendo" essay for you Create order Since then, Nintendo has introduced Nintendo Gamecube and Nintendo Wii. Both systems, along with the previous consoles, have enjoyed much success along with the software (games) that they also create. Today, Nintendo is still enjoying an increase in sales with their Nintendo Wii console and games. Although Nintendo only works in the Video Games industry, the company is also the majority owner of the Seattle Mariners in Major League Baseball as well as a partial owner of the Atlanta Hawks in the NBA. The SWOT analysis of Nintendo Strengths According to Datamonitor’s company profile on Nintendo, published on September 17, 2007, Nintendo has four main strengths: A strong brand name, high returns, high employee efficiency, and debt free status. ‘ Nintendo’s strong brand name comes from about twenty-five years experience in the video gaming business. Not only do they have a strong presence in the console market but they are the leader in the handheld console market. They pioneered this market in 1989 with the original Game Boy. Since then, they have upgraded to create Game Boy Advanced and Nintendo DS, which sold 79. million units and 40. 3 million units, respectively, in fiscal 2007. The Nintendo Wii, which is their most updated console, sold 5. 84 million units in the first five months in its launch alone. This system consists of motion sensors attached to the end of the controllers as well as the console, which makes the games more interactive. A high percentage of the people that play video games in today’s day are college students. Being part of that percentage, I know that I think highly of Nintendo based mainly on the fact that they created regular Nintendo. If I could choose today between playing the most technologically advanced gaming console and the original Legend of Zelda, I would play Legend of Zelda for hours. Nintendo has also been very successful in investing their resources in profitable companies and ideas. This would include their ownership in the Seattle Mariners and the Atlanta Hawks. It also refers to their high return on assets and equity when compared with other companies in the same industry. Nintendo also has high employee efficiency. According to Datamonitor, â€Å"revenue per employee was about $206,960 in fiscal year 2007, significantly higher compared to the industry average of about $3,684 during the same period. † Nintendo’s biggest strength in my opinion is their ability to stay debt free. Their most recent debt to equity ratio was zero compared to the industry’s average of 11. 9%. This not only shows that they are able to efficiently finance its’ operations but also enjoys a lot of financial flexibility. Weaknesses Nintendo’s two biggest weaknesses are having a dependence on contract manufacturers as well as having low earnings per share. In regards to the dependence on contract manufacturers, Nintendo reaches out to companies to produce the key components of their consoles as well as assembling the finished products. The problem is, the new Nintendo Wii console is under such high demand that the manufacturers are not able to supply the key components or assemble the products fast enough creating a lack of finished products to be sold. It is assumed that this shortage will have a sizeable affect on the company’s overall revenue. Low earnings per share is calculated by dividing profit by the weighted average common shares. Nintendo recorded a 12. 6% decline in its earnings per share for five year period, from 2003 to 2007, significantly lower compared to the corresponding industry average of 43. 9%. † This is important to note because it may affect the investors in the company negatively by lowering their confidence. A third weakness is the lack of games produced for Nintendo consoles. In my personal opini on, I have steered away from recent Nintendo products such as Gamecube and Wii because of the lack of games so far. Regular Nintendo, Super Nintendo, Gameboy, and Nintendo 64 all had a wide variety of games. Gamecube and Wii, however, have been overshadowed by other systems with many more games such as Playstation 2, Xbox, and Xbox360. It seems as if Nintendo is always so anxious to get their gaming systems out that they never wait to have enough games to satisfy their customers. Opportunities Nintendo has a few different opportunities. For starters, the United States game software market is soaring right now. Video games and consoles are some of the most sold items, especially during the holiday season. Because of their reasonable prices, games can be given as gifts by pretty much anyone. The video game market is also soaring as is evident by the $8 billion dollars in revenues in 2006 in addition to the consoles market generating $6. 6 billion dollars in revenues during the same year. These figures are expected to increase as well over the next couple years to reach up to $10. 3 billion dollars at the end of 2011. Another grand opportunity that Nintendo is planning on attacking is the Indian console market. Although the revenues are not nearly as much as the American market, the Indian market for consoles is expected to skyrocket to $120 million by 2010 from just $13. million in 2006. Because of Nintendo’s great brand image, as discussed under strengths, Nintendo will succeed in these new markets. The greatest opportunity, however, is in the online gaming market. The world is continuing to become more computer oriented in such that computers are now about as normal household item as a television set. Because of this, and the generation of children growing up in this kind of environment, the market of online gaming is become increasingly large. In 2006, only 46 million people were using broadband connections to play video games online. That number is expected to jump up to 413 million users by the year 2010. Nintendo has taken steps to attract this audience by setting up their Wii system to be internet accessible and have the ability to update content, including up to date weather services and news feeds. Threats There are a handful of threats that go along with all of these opportunities and strengths, however. For one, Nintendo products are often very pricey. This allows other products with similar or slightly lesser quality to steal customers by pricing their respective consoles and games to make them more affordable. Another knock on the Nintendo products is their short lifecycle. In the video game industry, products â€Å"lose their flavor† after approximately nine months, at which point a different product will come out that seems to be more updated and technologically advanced. Because of this, Nintendo will have to make sure to release all products on time and be able to meet the demand of their products with their supply. Leaving stores sold out of products will result in loss of sales in the long run due to the short lifecycle that each product will enjoy. The last threat to Nintendo products is their poor durability. The Nintendo Wii controllers have had the most significant problems when it comes to this. In many circumstances, the Wii controllers have not been properly designed resulting in the controller flying from the user’s hands and into televisions sets. Having problems such as these results in recalls, which is a very lengthy and expensive process. To prevent this, Nintendo must confirm that all products are being properly designed and manufactured prior to release.