Importance of Risk Management - 1157 Words

MGD426 Risk Management Overview A risk is, consequently, a hazard that can derail an organization from accomplishing a business process, project, or any activity that is vital to a company’s sustenance. There are different classifications of risks: financial, operational, infrastructure, human capital, and marketing risks. These risks embody subcategories of risks that can negatively affect the company. Leverage, receivables, and investments are risks can hinder the financial situations of a company. The decline of profits, increased losses, and negative impact on business processes are some of the costs in the failure to control risks. Similarly, operational risk includes many losses that are associated with â€Å"internal processes,†¦show more content†¦By terminating risks, you are, inherently, doing things in a different manner and, thus, removing the risk. Tolerate means that nothing can be done a reasonable cost to mitigate the risk or the likelihood and impact are at a reasonable level. Moreover, treating risks is taking certain actions to control a risk by, either, mitigating the likelihood of it emerging or limiting the effect it will have on the business process/project. Lastly, transfer of risks is primarily the underlying principle behind insurance transactions. Specifically, a risk, outline in the insurance or contract, can be passed from a party who does not want the risk to another party who will take it (either for free or a premium – insurance). Financial Risk Management Financial risk management is, primarily, concerned with the economic value of an organization and the effects to it. The management aspect deals with the exposure to risk, and the response to it. Two primary risks involved in financial sectors of firms are credit risks and market risks (while others include Forex (foreign exchange), volatility, liquidity, inflation, etc.). Since financial risk is a factor in all organizations, it is important to respond to any volatility that may occur – as it would affect the firm negatively. These risks primarily mean that a firm who is unable to appropriately manage their financial operations will be subjugated by losses.Show MoreRelatedThe Importance Of Risk Management2232 Words   |  9 Pagesthe importance of risk management. Then, the paper analyses the use of derivative instruments that American Airlines to manage its business risks. What is risk management? 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Aligning anRead MoreThe Importance Of IT Risk Management Training Program1161 Words   |  5 PagesAn appropriate IT risk management training program must above all be relevant to the skills required to mitigate the kinds of risk to which an organizations critical information is exposed. A poorly framed or overly generalized risk training program may fail to adequately prepare employees for real-world threats to an organizations critical IT infrastructure. It is with this in mind that the assignment at-hand seeks to explore training program requirements for an organization that deals withRead MoreThe Importance Of Risk Management Function Within Businesses1044 Words   |  5 PagesState-of-the-Art-Review Risk Management is the process of recognising, measuring, and handling the risks that an organisation faces. As the outcomes of business activities are uncertain, there are some forms of risk taking place, for example: strategic failures, operational failures, financial failures, market disturbances, environmental disasters, and regulatory violations. (Lexicon.ft.com, 2015). Trends Many institutions have evolved into more complex and sophisticated when it comes to risk management functionsRead MoreThe Importance Of Pharmacist Care At The Management Of Cardiovascular Disease Risk Factors988 Words   |  4 PagesImportance of Pharmacist Care in the Management of Cardiovascular Disease Risk Factors Cardiovascular disease is the leading cause of mortality and morbidity in adults worldwide and it accounts for approximately one-third of mortality in Canada and in the United States. Elevated blood pressure (BP) is also another major cause of death worldwide. 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Year One Ba-Hons Photography Image Analysis Free Essays

Photographs are one of the media or instruments of visual representations. It is an embodiment of visual elements which appear as symbols and are linked together to convey several meanings. According to McLean (1973), they are pictures which have many characteristics and attributes in common with other images (quoted in Noth 1995: 461). We will write a custom essay sample on Year One Ba-Hons Photography Image Analysis or any similar topic only for you Order Now They play an important role, along with film, in broadening the visual field for examination and analysis and in molding critical approaches to visual representation (Chaplin 1994: 80). This paper aims to present an image analysis of Nick Ut’s Trang Bang (1972). It will narrate a brief biography of the artist then it will reveal the photograph’s visual elements and their corresponding meanings. It will also identify the underlying symbols behind the image and demonstrate their impact on the society. Furthermore, it endeavors to express and to show the implication of photographs with regards to visual culture and visual literacy. Nick Ut (b. March 29, 1951- ) whose real name is Ut Cong Huynh is a Vietnamese photographer. His photography career begins when he has been introduced by his mother to the Associated Press office in Saigon; he is 14 years old then. The occurrence on the rainy day of the 8th of June, 1972, the epoch when the Americans and South Vietnamese invaded Cambodia, draws attention with his career when he shoots Kim Phuc—a nine year old girl—running and blaring naked in down Route 1 (Ut 2007); the photograph is entitled as T rang Bang. Trang Bang, a gelatin silver print, depicts the June 8, 1972 event when the children and their families run away and flee the village of Trang Bang down Route 1; their bodies are being burned and seared by napalm (Faas and Fulton n. d. ). The image encompasses five children that are running and screaming and behind them are militant troops, walking after the terrified kids. The focus of the picture is the naked little girl who is squealing. Figure 1 Children Fleeing an American Napalm Strike, Trang Bang, June 8, 1972 Her stretched arms bestow a line element in the image which illustrates balance and symmetry. The eyes of the spectator will usually fix on the dead center due to the strong and powerful expression of Kim Phuc, revealing an excruciating pain. Nevertheless, if the focus of the picture will be given to the screaming boy on the foreground whom is said to be Kim Phuc’s brother Phan Thanh Tam, technically speaking, Ut demonstrates the rule of thirds in his masterpiece due to his manipulation to the placement of the subject which is off the center; therefore the eyes of the spectator will definitely turn and fix with the other elements in the whole picture per se. He also displays a shallow depth of field in the photograph because only the subjects of interest or focus are enhanced—the shrieking and running children, the other element—the troops—is quite out of focus due to the blurry details of the figures. The black smoke on the background gives a strong contrast in the picture. The said photograph is a historical account that records and synthesizes the incident of June 1972. It analyzes and demonstrates the notion of horror and agony during wars which can be pulled out from the facial expressions of the children especially Phan Thanh Tam’s. He summarizes and encapsulates the terror, fear and affliction of the people during the Vietnam War (Pyle 2000). That image can imply a lot of things if it will be based to John Berger’s Way of Seeing theory (1972): it is seeing which establishes our place in the surrounding world; we explain that world with words, but words can never undo the fact that we are surrounded by it. The way we see things is affected by what we know or what we believe (Berger 1972: 7-8). With that, it can be hauled that whatever the interpretation or analysis of the spectators with the image, it will still be anchored on what he or she knows regarding the event that has transpired in Vietnam during the year 1972. The photograph is a representation of the reality that it portrays (Noth 1997: 46). However, Eco (1984) disagrees because according to him, a photograph can lie (quoted in Noth 1997: 461), by which Berger (1984) states that the result of the treatment and manipulation of the reality is that to a definite level, â€Å"the photographer creates the reality of the photograph (quoted in Noth: 461). Nevertheless, in the case of Nick Ut’s Trang Bang, it cannot be implied that the photographer has altered and manipulated the reality that he has documented during the occurrence in 1972 because the reproduction of the image, which have been placed in newspapers, magazines, etc. , creates a different perspective from the original photo that is taken by Ut. The reproduction delineates a cropped image of the original (Look at figure 1 and 2). Figure 2 Napalm Bomb Attack, Vietnam It shows that the original, which has been signed by Ut, encompasses other elements in the picture, for instance, the official member of the press who looks like fixing his camera, the lines on the background which probably signifies the napalm. The manipulated image appears more closely to the spectators and constructs a more focused representation of the event. Because of the reproductions, Ut cannot be blamed for the cropped photo because of the intervention of the press with regards to the dissemination of the image to narrate the historical event. It is definitely the press’ responsibility as to how they will broadcast and transmit the information with wide, visual consumers all over the world. According to Gillian Rose in her Visual Methodologies (2001), the novelty and advantage of photography branch out from its most evident potential: it is about rendering that particular moment in time (quoted Mirzoeff 1999: 67) by which Ut demonstrates in his Trang Bang. In accordance with what he said during an interview, â€Å"the girl was running with her arms out. She was crying, ‘nong qua! Nong qua! (Too hot! Too hot! ). She had torn off all her clothes. When I saw she was burned, I dropped my camera beside the road. I knew I had a good picture. I got her into our van and took her and the family to the Cu Chi hospital. † (quoted in Pyle 2000). Moreover, his magnum opus implies that photography makes achievable ways of seeing what is unimaginable then (Mirzoeff 1999: 68). It does illustrate that the language and expression of the photograph is to combine naturalism and realism. The artifact then evolves to be reality (quoted Molyneaux 1997: 80). Nick Ut’s Trang Bang may be manipulated or not, it still conveys a scheme of meanings and symbols. The implication of an image is created from an interaction of a myriad of schemes and codes. A photograph is not a realistic illustration of what is real in spite of its appearances. It is a material that has been produced in an elaborate manner and approach of production and has been dispensed, circulated and consumed by a set of social relations (Forrester 1996: 140). Burgin (1982) has argued then that a photograph presents itself as something that cannot be disagreed with in which he states as â€Å"an offer you cannot refuse† (quoted in Forrester 1996: 142). Trang Bang being an object of representation communicates with its spectator about the Vietnam War that happens in mid-1972. Nick Ut, as one of the war photographers, has to deal with the lack of viewing space for his work because he is confined and restricted to what he sees in the lens compared to other artists who can demonstrate an array of symbols and emotionally-driven and affecting scenes however, war photographers are offered with revolutionizing and altering the reality into an allegorical and symbolic masterpieces (Marien 2006: 46). How to cite Year One Ba-Hons Photography Image Analysis, Papers

UniSim Student Handbook free essay sample

While the information provided in this Handbook was correct at the time of publication, the University reserves the right to alter procedures, fees and regulations should the need arise. You should carefully read all official correspondence, other sources of information or students and the official University notice boards to be aware of changes to the information in this Handbook. Apart from this Handbook, you will receive other course/study guides at the Start Of your studies, produced by your School, setting out all the essential information pertaining to your programmer of study and the academic requirements.The University reserves the right to discontinue or vary courses at any time without notice. You should always check with your Schools officers when planning your courses. Some courses and units may be altered or may not be offered due to insufficient registration or changes to teaching personnel. Rights and responsibilities You have both rights and responsibilities as a student at the University. The formal relationship been you and the University is set out in the Honor Code and Student Contract which you signed at enrolment. This included an undertaking to abide by all the Universitys rules and regulations.The key rules and regulations are set out in Section 5 of this Handbook. The Honor Code is set out in the Appendix to this Handbook. The University is keen to ensure that your student experience is a positive one. Making your views known can help to bring about improvements, both for you and for future students. If you feel something is not right, please raise your concerns promptly. The Student Grievance Procedure (see Section 5) provides guidance on how you can initially try to resolve the problem informally and also sets out the more formal procedures available to you.Equality The University values the diversity of the student body and is committed to creating and sustaining a positive and mutually supportive environment. All students are equally valued and respected and are encouraged to thrive academically. Brief facts about the University Background and Core Values SIMI University is a university in Singapore dedicated to working adults, lowing them to pursue lifelong learning and higher education while balancing career, family and social responsibilities.It adopts a flexible and practice-focused learning approach and offers more than 50 academic programmer in various disciplines. Eligible Singapore and Permanent Residents taking SIMI University undergraduate programmer enjoy a govern ment subsidy of up to 55% of tuition fees. Page 1 The Universitys core values are: Spirit of learning Passion for excellence integrity Respect and trust for the individual Innovation Teamwork Management The governance of the University comes under the purview of the Board of Trustees (the Board).The Board appoints staff and determines the terms of appointment. It also controls the Universitys finances, property and general affairs. The highest academic body of the University is the Academic Board, which regulates the admission and examination policies and processes of the University and has the power to award degrees, diplomas and certificates. The President is the academic and administrative head of the University, assisted by the Provost, Registrar, Vice-President (Learning Services) and Deans of the Schools.Academic Structure The University has four Schools offering courses on a diverse range of subject areas, each led by a Dean: School of Arts and Social Sciences, School of Business, School of Human Development and Socia l Services, and School of Science and Technology. Each School comprises a number of programmer each managed by a Head of Programmer (HOP). Although students may read courses from more than one programmer, each student belongs to one School only, for admit estimative purposes.Page 2 GLOSSARY OF TERMS AT Academic Termination GET Continuing Education and Training CAP Cumulative Grade Point Average credit exemption a credit exemption award exempts a student from one or more specific courses in a programmer reedit recognition a credit recognition award reduces the number of cue that a student needs to obtain to qualify for the degree that he/she is pursuing Curriculum Plan Credit Unit DAB Disciplinary Appeals Board Examination Administration Department EACH Examinations and Awards Committee ecru Electronic Course Registration GAP Grade Point Average GAS General Studies HOP Head of Programmer Family the email account provided by the University to each student for use in the course of his/her studies with the University Unisom the Universitys Learning Management System COCAS Overall Continuous Assessment Score GOES Overall Ex aminable ScoreSOAR Office of Student and Alumni Relations RSI Rank Score SACS Student Affairs and Support Committee SAG Student Disciplinary Group TAMA Tutor-marked Assignment TOP Transfer of Programmer Score University Core Courses page 3 Enrolment and Course Registration Enrolment is the process through which you formalism your agreement with the University to undertake your studies for a given academic programmer. When you enroll, you become entitled to receive tuition, use the university facilities and ultimately receive the qualification for which you are studying. It also imposes on you an obligation to pay all tuition and other applicable fees o the University. The sanction against non-payment of debts to the University begins with having certain services withdrawn (e. G. Library and computing access) and can lead to withdrawal of your enrolment. The university wants to help you resolve any financial, academic and/or other problems that you may have.Please contact the Student Support Department for help in dealing with any difficulties as soon as possible in order to resolve these prior to course registration. 1. 1 Enrolment 1. 1. 1 New students. To be admitted into the University, you must accept the Universitys offer of a programmer on or before the specified deadline. If you fail to do so, the Universitys offer will be deemed to have been withdrawn. 1. 12 Existing students. You are entitled to continue your studies in each us bequest semester, provided: you have completed the electronic course registration for the following semester (see Section 12. 1 below); and 1. 1. 3 you are not in debt to the University; you have made academic progress within the maximum candidature period (see Section 1-8. 1 below).To qualify to be enrolled as a student of the University, you must fulfill the following age criteria as at 1 January / 1 July of the semester of study: (a) . 2 18 years or older if you are applying for the Continuing Education and Training (GET) courses; and 21 years or older if you are applying for all other programmer. Course registration 1. 2. 1 Electronic Course Registration (ecru). The ecru is an important tool to help you plan the course(s) that you would like to read for the following semester (including those that you need to repeat). In April and October of each year, you will be informed via an announcement in the Student Portal to choose your next semesters course(s) by the stipulated deadline through the ecru subject to you passing all the courses in the then current semester).If you do not submit your course registration by the stipulated deadline, you will not be able to proceed to the next stage of your programmer and your enrolment may be withdrawn at the discretion of the University (see Section 1. 8. 2 below). Please refer to the ecru guide for more information. Note: You are required to complete your course registration notwithstanding that you do not wish to take any course in the following academic semester or that you will complete your programmer (I. E. Acquiring remaining final cue) by the end of he then current academic semester. This enables you to exercise your option to repeat if necessitated by your results of the then current semester. Page 4 122 Offer of course(s).