Crisis Management The occurrence of an emergence creates an immediate need for communication. In a business setting, for example, it is critical to immediately reach the customers to calm their curiosity about what could happen to them. Also, indirect stakeholders such as regulators and government officials should be briefed since society will be expecting information from them. Under normal circumstances, a firm will have neighbors who will also need immediate details as to whether the emergency will affect them. A business should ensure a vigilant communications department to ensure that the relevant audiences get information in time to avoid unnecessary tension. Preparedness of a business crisis communication department can be measured by the rate at which the business responds during an emergency both during and after the emergency has occurred. The relevant audiences that include customers, employees and families, survivors of the crisis, media, managers, and investors, government officials and suppliers must be reached immediately with information related to the specific interests and needs. Developing a comprehensive crisis management program to handle information during disasters is critical for the…
Banking royal commission http://www.abc.net.au/news/story-streams/banking-royal-commission/ Visit the page above and select one of the ASX listed companies being investigated by the Banking Royal Commission (for example AMP, BankWest, Suncorp for example, any but the Commonwealth Bank) and develop an ethical question based on an issue of your choice (for example: how people have been charged bank fees for an extended period of time after their passing, or how some funeral insurers have been operating and charging people), after that you need to analyse the topic/company using the structure/ Marking Criteria provided in this document, as a summary see the three points below: Use stakeholder theory (chapter 3, Lecture 4) Provide arguments based on a “sufficient number” of theories of Corporate Governance, Corporate Social Responsibility (CSR) and/ or Creating Shared Value (CSV) to justify or criticise the actions and decisions taken while under the control of the board of directors. Analyse these decisions and actions using ethical as well as justice and economic distribution theories.[unique_solution] We expect that you demonstrate a well-developed ability to use critical thinking when analysing the topic and…
Balancing finances Balancing finances is an essential aspect not only for any business but also when handling personal finances. According to 2000018, finances encompass more than just counting; rather, it covers the genuine lifeblood of a company since it provides the required finances required for the day to day operations of the business. A company which is sound financially have the ability to pay their bills on time, the staff and other operations are proceeding as planned, including purchase and distribution of goods and services. Companies must generate revenues through trade and utilizing the acquired cash by minimizing costs. Therefore, all departments in a firm need to work closely together, particularly with the finance department. This is essential in the sense that the finance department provides relevant reports that can be used to make an appropriate decision. Different departments are in charge of various activities in the firm. However, their decisions must be guided by financial reports acquired from the finance department. Additionally, the reports are used to determine the short-term and long term objectives for each section. One measure…
Smart Tips For Small Business Owners To Manage Finances In Right Way Small business owners need a diverse set of skills to operate a business. The most crucial is knowing how to manage finances. It is a challenge for many small businesses, with more than 30% failing due to cash flow problems. This is the reality of many small companies as they struggle to get a firm financial footing in the market. Performing a financial overhaul goes a long way in improving a company’s financial state and helping a business grow. Here are ways to help you do it: Create Separate Accounts for Personal and Business Expenses Mixing business and personal expenses also make it difficult to file taxes and calculate the value of the company. Separating the accounts provides a clear outlook on the incomes, revenues, and general performance of the business. It also eliminates the likelihood of developing a cash crunch caused by making numerous withdrawals for personal expenses. As such, it is essential for business owners to open a business checking account and credit card for business…
Honor Latest Model with Prices Honor 20 Pro It is an amazing phone of the New Honor Company with huge storage with 256GB built-in, 8GB RAM. It’s an amazing version of this series. This handset has Quad camera quality which is set up with 48MP, 16MP, 08MP with a dual-LED, depth sensor. You can record your videos with very high quality with an amazing result of images and videos. It also has a front camera with 32MP camera quality. It is also known as an android smartphone with fun touch 9.0 pie. The weight of this handset is 182g. It is available in many colors Phantom Blue, Phantom Black. It has a frequency of 2G to 4g LTE Band. This handset has a built-in processor with CPU and Chipset of HiSilicon Kirin 980 7nm. The size of this handset is 6.3 inches. The resolution quality of this handset is very high. The Retail Price of this Vivo smartphone is $745. Honor 10 The retail price of Honor 10 is $447. It is the new version of Honor series that are…
product to generate money Hello I have gone through your post, and I would like to add a few points. There are some benefits that a person will enjoy from subscription services, especially when it concerns expensive products (Narsing, Sanders, Kistner & Williams, 2012). First of all, the person will enjoy the product at a cheaper cost compared to the actual price of the product. For instance, a person can subscribe to a car instead of buying it. However, the person will be paying some money as arranged with the company offering the subscription service. A person can use the product to generate money and cater to its monthly cost alongside other costs. For instance, a person can subscribe to a vehicle in which he or she will be used to transport people for some fee. At the end of the month, the person will be able to cater to his needs and pay for the cost. There are some companies that take the cover of their products, meaning that the person will not have to take another insurance cover.…
Forecast on Dow Jones Stock Price Index Abstract It is hypothesized that price charts can be observationally categorized into two parts, namely random and non-random. The non-random segment, which can be treated as around customary conduct of the prices (trend) in an epoch, is a geometric line. Therefore, the random segment varies around the non-random portion with different amplitudes. Besides, the state of a trend in an epoch might be diverse in another epoch. It is further hypothesized that statistical evidence can be found for different relations between a few sorts of trends and the course of the following developments of the prices. These hypotheses are tried on the verifiable information of the DJIA (Dow) and affirmed. In addition, it is statistically demonstrated that various trends that have happened in the close past course of the Dow can be used to foretell the distant eventual fate of the index. Therefore, there is an upcoming recession in the DJIA, which may predict an overall monetary emergency. In this thesis, the historical changes in the Dow Jones Industrial Normal index are analyzed.…
FACTORS THAT IMPACT THE CHINESE HOUSE PRICES INTRODUCTION In this chapter, discussion of the background statement, the housing prices and the historical background of the chinese housing will be elaborated. It is crucial to understand the background of the housing prices as it growth, inflation rate, interest rate, land availability historical background the determinants are important in the sense that it helps household members, investors and policy makers in making informed decisions. Subsequently, the problem statement will be explained to bring about clear illustrations of the housing prices in china. Also, the research questions and the objectives will be listed to portray the aims of the research. Additionally, the research will evaluate the literature review on the various determinants and how they impact on housing prices and finally, relationships between the variables will be determined and supported by theoretical and empirical explanations. Background statement Housing is one of the basic needs that a human being requires for proper survival. Therefore, the living standard of an individual is determined by the condition of the house of residence. For instance, the…
Based on your research of economics, what is the basic economic problem, and how do Most of us deal with it as we live our economic lives? Basic economic problem and at times referred to as central basic problem is based on scarcity and choice. The scarcity of resources that are needed to satisfy human needs. The society has a choice of producing a particular good or service. Are the resources available in the economy used in operation of more hospitals or hotels? Is mobile technology advancement more important than food processing technology? Other than choosing these, the society has to choose which is the best way to produce the desired goods and services? The most favorable and preferred way of using the scarce resources. There are many ways through which people try to solve the economic problem. To solve economic problem, one has to deal with the problem of scarcity. There are different approaches to this such as by looking at opportunity cost. This means saving on production by using the scarce resources for better produce. We go…
Main economic problem and solutions By definition, economics refers to the study of how people satisfy their wants or needs with scarce resources. The essence in the description is that there are so many needs to be fulfilled, and too little resources to satisfy such needs. The core purpose of economic activity is to fulfill a need. Scarcity, therefore, becomes the reason why needs may end up unsatisfied. Economics has to do with decisions around the production and consumption of goods and services. Production is enabled by factors of production, which are the resources. Scarcity means that such factors are limited. As a result of scarcity, we are required to make choices and prioritization regarding our needs. Such decisions call for trade-offs. Trade-offs, in this context, means that we are required to forego some things wholly or partly to acquire others (Nicholson & Snyder, 2012). The decision here is determined by factors such as price and level of need. For instance, meet is costly compared to vegetables. A rational consumer chooses to eat ugali with vegetables rather than with…