Proven research based teaching methods to meet the needs of students Essay

Proven research based teaching methods to meet the needs of students with Learning Disabilities in the middle grades - Essay Example on project in Syracuse, New York, directed by William Cruickshank and his colleagues, 1961), they reflected the traditional service-delivery model of the times - the self-contained special education classroom. Until the passage in 1975 of P.L. 94-142, the Education for All Handicapped Children Act (EHA), few states recognized learning disabilities as a handicapping condition that required the provision of special education services (Baker et al., 1995). But EHA changed all that. With a mandate to serve and with federal guidelines for diagnosis, publicly funded special education programs for students with learning disabilities became commonplace; the number of students classified as learning disabled (LD) and provided with special education services in public schools rose from 797,212 in 1976-77 to 2,214,326 in 1991-92 U.S. (Department of Education, Tenth Annual Report to Congress on the Implementation of the Education for All Handicapped Children Act (Washington, D.C.: U.S. Government Printing Office, 1988) On the other hand, in an ideal world, teaching and development would be inextricably linked. As teachers observed childrens intellectual, social, and academic growth, they also would seek to foster such progress. Routine observations with respect to childrens abilities would be complemented with consideration of how instruction or the classroom environment supports learning. This activity, the close observation of learning in response to instruction, is an exercise in problem solving and constitutes an essential element of diagnostic assessment. Whether in the classroom or the clinic, the interest is not simply to categorize a child under a particular label or diagnostic scheme but also to uncover the kind of instruction and educational setting that will lead to continued development. More specifically, the teacher must construct (a) an understanding of the childs current abilities, (b) a description of the kind of instruction the child should receive to make

How Luxury Brands Were Affected by Recession Essay Example for Free

How Luxury Brands Were Affected by Recession Essay Bovis homes group PLC, a leading UK house builder, had to review its corporate plans as a result of the recession and major cuts in government spending on building projects. Gives the high level of change in economic and political environments, is there any point in corporate planning? Justify your answer with reference to the house building industry and/or other organisations or industries you know that have been affected by such changes. (40 marks) Post 2007, global economy has been reeling under recession. Recessionary pressure began with United States economy slowing down; however it has spread globally affecting all countries in some way or the other. Income level, employment have been affected badly. Consumption levels have gone down drastically, which affected consumer dependant countries, such as the UK. Traditionally, luxury brands have not been affected by recession so much, since they have been catering to the higher end class, which is not so affected by the economic downturn. However, in recent past, the luxury has been catering to the inspirational customers, whose consumption patterns are affected due to economic recession. During times like these, companies usually dependant on corporate planning. Some of them in order to grow, others – to survive. Corporate planning is the process of drawing up detailed action plans to achieve an organizations goals and objectives, taking into account the resources of the organization and the environment within which it operates. Music and books retailer HMV Group became a company that was heavily affected by recession in 2008, as it had to close 60 UK stores in the next 12 months in response to declining sales. The 60 stores set to close represent roughly 10% of the groups UK High Street presence, which comprises 285 HMV shops and 312 Waterstones outlets. The massive store closure of outlets was an attempt to survive, as they has been hammered by competition from digital downloads as well as supermarkets and online retailers undercutting it on price. As well as the store closures, HMV said it would implement other cost-cutting measures that would save it a further ? 10m per year. However HMV’s corporate planning hasn’t proved to be successful, as it turns out HMVs share price has declined steadily throughout 2010, and the latest drop brings its cumulative fall to more than 75% over the last 13 months. Also the firms shares dropped 20% even further after it revealed the sales data, and admitted it was having trouble meeting the terms of a bank loan. As it turns out, HMV’s retail analyst didn’t expected music and DVD market falling that fast, despite their attempts to change their sales mix, offering iPods and live music in order to stay in the market. HMV is repeating Woolworths and Zavvi collapse during the recession. Fox described extremely difficult trading conditions with total sales of physical CDs and DVDs down 10% and 8% respectively against the same six-month period last year. Without a new console to fire the imagination the picture was even worse in video games where sales plunged 12%, a fall that was on top of the 30% slump seen in 2009. It is not that value is moving from physical to the digital sales – it is just that value is being lost, said Fox. Therefore the HMV is facing severe competition and tough times due to recession. Their corporate planning proved to be unsuccessful, they are trying to deal with already dead market, which don’t have any prerequisites to grow in the future. Poundland is complitely different business, with different approach and corporate plan, as they grow during the recession periods. They are aimed at consumer who requires value. Some of that is driven by the economy or the economic conditions, some of that is because the people have low disposable incomes and traditionally that’s been the case, and they have needed to seek value. During tough economic conditions, that was always the case. When US recession just took place, in 2008, poundland started to grow using external growth. At christmas 2008, when Woolworth post-administration 600 stores became available, poundland took 70 of those over three years. Big success from the very beginning was due to , very talented property team, who use a network of agents so they are are constantly searching for new opportunities of expansion. A number of other opportunities have arisen over the years as well and they have been able to convert those quite quickly because they had a new store opening team and a refurbishment programme, which really is about pie-cutting. So there’s a process. The average around 60 stores a year now, so over one a week, which I think is testament to the quality of the team, the sourcing of the stores and the continual improvement in the performance of the business, which of course helps finance those opportunities. In the recession – or difficult economic periods, all decisions needs to be discussed and implemented using professional team, which will make your business distinguish from arising competition. In the conclusion I would like to say that recession is not true for every business. As we have seen above, poundland did well during the recession period, as they targeting those on low-incomes and those, who willing to save, however a situation in a luxury industry differs: The wealthy are not much affected by economic downturn and to use luxury goods is a kind of addiction; it isnt easy to change the lifestyle even if personal income dropped. The Geneva motor show 2013 is happening right now. Rolls Royce is selling better than they did last year, as is Lamborghini. The Middle East, Russia do not seem to be feeling the crunch for the time being. The general feeling is that desire for the super luxury brands remains high but purchases are being delayed. Lamborghini always under produce and have enough orders to remain keep production going for a long time whilst mass to mid luxury car factories are laying off workers, that is the trend that works in the luxury sector. However, the middle-class luxury brands will be heavily affected due to concept that was stated above with an example of poundland. Surely some of them could be richer during the trouble times, but most are struggling and havent the mind to spend freely money for luxury items as before. The wealthy never stop spending, they just change what they spend their money on. For example companies like Hermes, Alfred Dunhill, Vacheron Constatine, and Botega Veneta are designed to be recession proof. Marc Jacobs and Chanel on the other hand will feel the pain. As stated above its all about client base and how corporate plan was developed and implemented.

Introduction Of Vodafone Company

Introduction Of Vodafone Company Vodafone Company has a long way since them making the first ever mobile call on 1 January 1985. Today Company operating with more than 371 million customers around the world. A small mobile operator in Newbury has grown as a global business and the seventh most valuable brand in the world. Now run its operation in more than 30 countries and partner with networks in over 40 more. C:UsersuserDesktop7.jpg In this connected world, its no longer just about being able to talk and text. Vodafone network allows people to share their images and videos as soon as theyre captured. In 1991 Vodafone company made worlds first international mobile roaming call, and very recently introduced Vodafone Money Transfer which allows emerging market customers to send and receive money safely and easily using their mobile phone. 1.0.1-Mission We will be the communications leader in an increasingly connected world 1.0.2-Vision Unleash the power of Vodafone to transform societies and enable sustainable living for all 1.1-Introduction of Lanka Bell Lanka Bell is a world class Telecommunication operator that provides best quality service to businesses and its residential customers. Lanka Bell was started in 1997 within an investment of over US $ 150 million. C:UsersuserDesktopla.jpg 1.1.1-Vision Be Sri Lankas premier Next generation communication Information Solution Provider 1.1.2-Mission To provide innovative next generation technological solution by identifying and meeting customers need better than any other industry player, while maximizing the growth of our business for the benefit of our stake holders Organization structure of Vodafone Company Group CEO Chief of staffs Internal Communication Board of Directors Europe Group External Affairs Group Legal Group HR Group Finance Group Techno-logy Group Comm-ercial Strategy Business Develop-ment Africa, Middle East Asia Pacific A Departm-ent for each Country A Departm-ent for each Country Structure of Vodafone Company Matrix structure is a type of management system that workers report more than one person, effectively having more than one supervisor at the same time. As the structure of Vodafone Company they follow matrix structure. Read more: How to Define Matrix Structure | eHow.com http://www.ehow.com/how_4423113_define-matrix-structure.html#ixzz25WQ3YFvr Some features of Matrix Structure This structure allows focusing on their areas of expertise for the supervisors. And functional supervisors could focus on hiring, training and managing employees in their field and project supervisors can focus on achieve the goals of specific projects or products. Allows employees from different departments to come together temporarily to work on special project team. Provides flexibility to respond quickly to a customer need by creating a team of people who devote all of their time to a project then return to their departments or join a new project team. Culture As a Vodafone Company they following Task culture, task culture works as selecting a team to complete a particular task. This is one of the effective ways in todays modern business world to complete a task to date. There are benefits: They can make decisions within team members They feel valued because they selected within the team They have full responsibility to bring the task successful end Team members feel motivated because they are empowered to make decisions. http://www.learnmanagement2.com/culture.htm Organization structure of Lanka Bell Board of Directors Managing Director Other Staffs Laborers Senior Staffs General Manager-Information Technology Deputy General Manager-Credit control General Manager- Enterprise International Business General Manager- Technical Operations General Manager-Admin Logistics General Manager- Legal Structure of Lanka Bell Assumption Its an assumption that Lanka Bell is using Functional structure. Lanka Bell structure is based on Functional structure. This is one of the most common structures using within the company, this structure consists of units and departmental groups identified by specialty. Such as engineering, marketing, finance, sales and human resources that are controlled by the top level of management. Some advantages of Functional structure Specialization- each department focuses on its own work Accountability- someone is responsible for the section Clarity- know your and others roles Easy to focus on single product or service Creates teamwork Creates a career ladder Read more: The Functional Structure of an Organization | eHow.com http://www.ehow.com/about_6134117_functional-structure-organization.html#ixzz25cK37j32 Culture Lanka Bell culture is based on power culture. In power culture is influenced by key people. In this type of culture all the decisions are made by key people in the organization. Hence, manger is the person who will take the decisions. To adopt this culture its important all the employees need to make good relation with each other. In another hand mangers and senior management never consult form employees while taking decisions. This end up most that employees get de-motivated because, of not consulting. Relationship between an organizations structure and culture can have on their performance of Vodafone Lanka Bell. Organizational culture and structure have a dependent relationship with one another. And these are one of the most important elements that need to successfully run the organization. Organizational structure is the way in which arranges management of the company and power lines. As based on Vodafone and Lanka Bells structure and culture, it has difference between two companies. Vodafone uses Matrix structure and task culture, and Lanka Bell uses Functional structure and power culture. Strength of structure and culture of Vodafone Company Maximizes co-operation and communication among team members. Freedom and autonomy to take responsibility for their work activities. Having opportunity to achieve companys goals as a team. Strength of structure and culture of Lanka Bell Company Each and every staff has specific task to complete Every staffs are specialize for their role It will be easy to take decision http://www.wisegeek.com/what-is-the-relationship-between-organizational-structure-and-organizational-culture.htm How organization theory underpins the practice of management Organizational theory used in many aspects of a working business. In every organization, many staffs they believe the theory help them become better on their jobs and more successful in their life. Although this may lead them having to sacrifice some of their main beliefs in order to succeed. One example of organizational theory in the financial sector would be an employee or manager who wants to know how to achieve goals by having a set structure to follow. In addition someone in a human resources sector will have to make decisions throughout their working day that will definitely change the structure and practice of a working day for all other staff in the company. http://management.blurtit.com/q7346416.html Different approaches to management used by the Vodafone and Lanka Bell. Human Relations Approach. Human relation approach has been followed by both companies. Lanka Bell and Vodafone. Professor Elton Mayos (1880-1949) research, human interaction or group relationships effects the productivity and it increase the motivation of the employees. So as far as this approach concerns Vodafone allows more human interaction as they practice little bit of team approach within the company, also their department have coordination. However, Lanka Bell human interact is limit to some extent as they have divided into separate division. Each division will work separately to achieve its target, more often divisions may deviate from the organizational goals as they work as separate divisions. System Approach Section:2 Different Leadership styles in Vodafone and lanka bell Assumption Its an assumption that Vodafone is using democratic leadership and Lanka Bell is used in Autocratic leadership style. Democratic Leadership According to Vodafone Companys information it shows that the company is following democratic leadership style. In democratic leadership style manager will never take a decision without consulting to subordinates. This means that employees get a chance to express their ideas to the management level. Democratic leader ship also helps employees to share their ideas among the team. While team member will feel good in the working environment, as they will also looking benefits this leader ship style also can lead for better ideas and knowledge. Leads to higher productivity among group members. Autocratic leadership style The leadership style used in Lanka Bell is Autocratic and this not a modern style. As autocratic style manager retains more power as well as decision making authority. In this style staffs they do not have their role in decision making and they are not allowed to give input. So this style is not good for work as a team. And this is one of the best leadership style that can use in situation where control is necessary. Section:2 Significant technological breakthrough has taken place last week that affects both Vodafone and Lanka Bell and also the industry as a whole. Discuss the impact that different leadership style may have on motivation of employees of Vodafone and Lanka Bell in this circumstance. This is an assumption that 3D mobile phone has been introduced. Last week apple has been introduced Glasses-free 3D I phone to the market. And this is the first 3D mobile phone that could use without glasses. So many of the mobile service provider in the world are planning to upgrade their network for the new technology, includes Vodafone and Lanka Bell. Vodafone Company As the Vodafone Company they are using democratic leadership, so their staffs are having wide participation in decision making and it is not a difficult for the management of Vodafone to get new idea from the staffs. As a result of democratic leadership style: It increase staffs motivation and commitment to the decision made It helps employees strengthen their professional development by participating in dialogues. And also it helps to improve job satisfaction. By having group discussions which can offer useful ideas. And management put trust in employees and they encourage them to make decisions. So it will be easy to motivate staffs through democratic style. http://www.skills2lead.com/democratic-leadership-style.html Lanka Bell Company As the Lanka Bell Company, they are using autocratic leadership style. So its not easy to motivate their staffs as compare the democratic style. Because Company decisions are taking by management level and there are no involvements of company staffs. In autocratic leadership style: In autocratic leadership, staffs participation is limited in most aspects of work. And also they have no particular responsibilities so it will be difficult to motivate Lanka Bell staffs in breakthroughs like this. Staffs that working middle management and lower management should follow the decisions taking by manager or Ceo. One of the main features of autocratic style is Managers or senior staffs do not trust staffs, and simply they give orders that they expected to be obey. So staffs feel that they do not have independent working environment. Because of this management faces difficulties to motivate the staffs. Section-3 Apply different motivational theories within the workplace of Lanka Bell and compare them Maslows Hierarchy of Needs As Maslows theory every human must need five basic needs, it include; physiological needs, safety need, love or social needs, esteem needs and self- actualization. If Maslows theory applies in Lanka Bells lower level workers could be motivated by having them their basic needs such as; salary. If the company offers good salary workers would show their maximum. And also its very important to provide security like insurance and retirement benefits. To motivate workers there are some other factors that can affect social needs, status needs and self-fulfillment needs. Frederick Herzbergs Two factors theory Frederick Herzbergs theory is depends on main two factors, that is Motivational factors (need for personal growth) and Hygiene factors (need to avoid unpleasantness). As Lanka Bell they have applied motivational factors as that their employees by having challenging tasks and by recognizing staffs achievements. And also by having good salary and providing very well working environment. Comparison of two theories As Maslows theory it is based on the hierarchy of human needs and identified five (physiological needs, safety need, love or social needs, esteem needs and self- actualization) priority basis and their satisfaction in motivating employees. But according to Hertzberg theory he refers hygiene and motivating factors in his theory. Hygiene factors are dissatisfiers while motivating factors motivate subordinates. And it is not included hierarchical arrangements. Motivation theory for managers of Lanka Bell, and evaluate it usefulness in carrying out their job responsibilities effectively After the research did for identify the best motivation theory for the Managers of Lanka Bell Company, it shows one of the best and effective theory for every one (workers and Managers) is Frederick Herzbergs two factor theory. It includes; Hygiene factors Motivators Hygiene factors As the workers, there are some factors that should be fulfilled for the managers better than subordinates. Such as salary, job security and working conditions. By offering good salary and other benefits to the managers they would motivate employees to work hard and they would feel they are one of the most important assets of the Company. Motivators As Herzberg theory there are important factors (motivating factors) act as forces of job satisfaction. With these factors it makes managers and staffs happy with their jobs because they serve mans basic needs for psychological growth. In Herzberg theory these factors are five and are called motivators. Motivating factors are Achievement Recognition for Accomplishment Increased Responsibility Opportunity for growth and Development Creative and Challenging work

Code of Ethics Essay -- Ethical Issues, Good Ethics

This essay will discuss the following main statement; the adoption of a proposed new look Code of Ethics, based on the international Federation Accountants’ code, will ensure that New Zealand Charted Accountants meet their ethical responsibilities. Within this essay an adverse position will be taken towards the previous statement. The international Federation of Accountants (IFAC) states that, professional standards and the code of ethics form important benchmarks that should be met by practicing accountants. Accountants should understand and apply them when conducting any type of work (Pickett 2005). The New Zealand Institute of Charted Accountants (NZICA) is a member of IFAC, as part of its member obligations NZICA has to apply the same standards as IFAC (nzica) . This is how the previous statement arises, due to IFAC recently going through a major revision of the code in the area of independence. (nzica) .This essay will appoint different issues and concerns about adopting a new code of ethics and how this change will actually affect the society. Such points are; personal moral judgment, ethical education being a factor of ethical responsibilities and unclear types of enforcement and points of the Code of Ethics. â€Å"Good ethics, whether at work or home, demands self-knowledge, Whereas some groups want to see ethics as a skill or a particular part of organizational transformation, practising good ethics ultimately comes down to you and how you make decisions.†(6). Moral judgment is unique to any individual, adjustments to the NZICA Code of Ethics will not provide a higher rate of success in ethical decisions by professional accountants this is stated in certain studies .Such studies show that moral judgment is not affected ju... ...de of Ethics show the problem is far more extensive than just a few overlook of the previous code. To ensure that New Zealand Charted Accountants act ethically there is need of bigger changes. Ultimately , this essay discussed why the statement; the adoption of a proposed new look Code of Ethics, based on the international Federation Accountants’ code, will ensure that New Zealand Charted Accountants meet their ethical responsibilities, is not essentially right. Throughout the essay with the aid of journal articles, books and other resources a point of agreement that the previous statement is not correct has been achieved. Three different points were arise, personal moral judgment, ethical education being a factor of ethical responsibilities and unclear types of enforcement and points of the Code of Ethics to prove that the previous statement was not correct.

A approach towards hotels

Risks in relation to Opportunities, measurement of decisions Appendix 10. 5: 24 Probability of risk occurrence Appendix 10. 6: Provisions of outcomes incorporating and eliminating the influences of controllers 25 Appendix 10. 7: 26 Influence of a risk in relation to costs Appendix 10. 8: 27 Checklist for evaluating risks 2 1. 0 The risks are now attached powers related with the lifespan of hotel ‘s projects or activities in the specific region, combining unreliable nature of vague commodities, quickly changing market, advances in technology, and the revolution of the customer' s requirements.Hotel ‘s projects usually consume large capital investments to achieve profitability and momentum within the market, but perhaps associated unpredictable risks generate restrictions or even a substantial loss of investment. Consequently, risk management is applied uninterruptedly through the life cycle of the hotel ‘s project to reduce or minimalism the undesirable effects of ri sks from the project' s schedules, costs and performances, in order to ensure achievement of economic goals.This report is initiated to analytically examine the procedures of risk management regarding the hotel industry. Initially, this report ascribes theoretical context of risk management and of its perception and significance within the industry of hotels. In addition, this report analyses and reviews risk a managing procedure, including risk identification then the analysis and controlling of risk, to finalize with risk reporting. The report investigates how risk potential dangers and facilitates the project's procedure regarding decision-making (Kite & Eluding,1997, p. ). This report also shows how risk management sequences benefits the assignment ‘s responsible to evaluate if they acquire satisfactory possessions for the project to manage the risk connected with high existence possibility and significance that not all risks are of equal weight. Furthermore, risks may be various and theoretical; consequently the report will establish the significance of finding parts and mutual risks methods, which are advantageous to aware the management of the hotel from dangerous risks.Additionally, the report shows the value of the statistical normal distribution, and the likelihood of risks within the project management of hotels, including a strategy of efficient warning methods and emergency forecasting in order to monitor future risks. This report continue explaining in what way risk reporting would be efficient in delivering the results of the conducted analysis and control of risks so the hotel ‘s project to accelerate investing conclusions.Yet, this report shows important debates concluded through a concise summary of the risk management progression and its values within the hotel industry. Additionally, references, and appendices serve an as extra resource that highlights key philosophies in this report. 1. 1 Aim & Objectives This report main aim i s to analyses the procedures of risk management and how it effects project management within the industry of hotels. Goals: To diagnostically examine the academic frame of risk management in relation to project management within the industry of hotels. 2.To identify the settings of risk management and its effects on hotel ‘s project. 3. To investigate the procedures of risk management within the hotel industry. 4. To discover the significance of managing risk in project management within the industry of hotels. To analyses the risk management procedures and its effect towards hotel ‘s approach of managing risks within projects. In accordance to Serener, (2006, p. 1 1), risk management is defined as an organized function procedure useful in a methodological approach in order to cope imaginable risks offered to a company.Moreover, Mills, (2001), argues that risk management if systematic, is a crucial tool for company's in order to control and obtain the possible occurring risks, which could simplify the process of dealing with the actual risk. Moreover, the risk management procedure where the team monitoring is accountable for couple of areas of responsibility: recognizing, evaluating, forecasting, tracing, controlling and communicating (NASA NIPPERS. A 2004 p, 5).The usefulness of risk management provides hotel management to a opportunity to reduce the risk through using the systematic approach for better a better adaptable response to risks, and eliminating the accomplishment of strategic objective and profits (Rival & Fuchsia, 2007, p. 4). Noticed by Mills, (2001) that risk management don't only emphasizes on classifying the risks after a ranking system, it also monitors and administers risks to be able to decrease imaginable damages to the business ‘s entity.However, Serener (2006) claims that the purpose of risk management is not to serially eliminate risks, therefore, focusing on the risks that are involved in the furthermost effective me thod or reactive actions. Further down the line of a project, the possible risks could drive the project or organization to unnecessary expenditure, fiasco, or liquidation (appendix 10. 1). According to Scott, (1997) there is a significance importance to include the process of risk management within the decision-making procedure by hotel ‘s leaders, in order to reduce the negative impacts of risks such as efficiency, implementation and budget problems.Within the hotel association, inconsistency concerning established objectives and actual implementations is created due risks being very stretched to projects (Kindlier, 2009). To continue, there are very high cash investments within properties and assets belonging to hotels, which triggers a bigger risk if the particular hotel fails to produce profit and inevitably lose investor's investment.In addition, prompt alterations and high manipulations origins greater risks to hotel ‘s developments, impacting the day-to-day proce dures and generating insecurity in decision-making (Serener, 2006). So, through arranging risk management at the entree, hotels can certify adaptive reactions to risks in a well-timed method; evade upcoming damages, enabling supervisors to create a contingency plan to response towards risks, and seizing hypothetical opportunities (Kindlier, 2009).Enterprise Risk Management (ERM) – Project Risk Management Enterprise Risk Management shortened term ERM, is perceived as a procedure, stimulated via an independent panel of managers, executives, and other employees, which is combined with tactical instructions throughout the business, to be able to pinpoint probable impacts measured to be forceful to the independence (Rival & Fuchsia 2007, p. ). Kindlier (2009, p. 323) argues that ERM embraces all the management of assignments, agendas and collect the concepts of risk management within a structure.In order to seize business development and reduce dangers the ERM could be focused tow ards the safety and security department of a hotel. In addition, ERM is appreciated within project risk management in order to compute and manage risks with great safety, henceforth focusing the practice of capitals. Further, discussed by Stuntman et al. , (2011, p. 336) PRM ‘s function as a procedure, which monitors all actions in order to guarantee a positive result from investments.Moreover, when a new project is offered to a hotel, PRM is highly useful in order to evaluate the foundation of the dangers, the comprehensiveness of risks, and hypothetical results designated from risks. Nonetheless, hotel ‘s plans are indistinguishable to stint of time regulating, highlighting the introduction of latest commodities or assistances towards the market, nonetheless limited by limits and certain objectives according to Groove (1997).Therefore, it is essential to apply PRM uninterruptedly during the project lifespan to successfully moderate risks and achieve project's objective s in relation to he strategic schedule, financial plan, and implementations (Stuntman et al. , 2011). The risk management process is alienated in four different boxes; it starts by identifying the actual risk thereafter follow an analysis and control of the risks and management process in order to safeguard stability between the profits versus the costs within operations (Kline & Eluding, 1997, p. ). Continuously, another elaborated definition discussed by Groove (1997) the risk management procedure is one-chain rotation, due to each step commences in a systematic approach to be able to execute risk management efficiently. Moreover, Kindlier (2009) emphasizes the importance of utilizing the risk management process, managers and supervisors would gain a holistic overview of the entire activities, reduce the uncertainty and making the hotel project reliable and profitable.In addition, the process is valuable in order to clarify if the projects are feasible or problematic. Chapman & Wa rd, (2010) introduces the first step of the risk management procedure, first step: risk identification, a procedure where potential and actual risks facing the hotel, gets revealed and diagnosed. Risk identification tributes to instructing the reject supervisors of related obstacles or risk being a factor where the achievement of goals develops the base for risk analysis and control.Second step is called a risk analysis, where a process takes place of analyzing various risks by the usage of specific techniques such as statistics. This step is also recognized as the â€Å"action† step, to conduct an analysis against the risks, which has been identified in the previous step. Furthermore, follows risk control, by endeavoring to manage the risks for modifying damaging influences and defending productivity. Last step in the risk management process, risk reporting explained by Kline & Eluding (1997), either written or oral communication of the findings from the conducted.Hotels are affected when impacted by the occurring fluctuations that are uncontrolled, such as the financial state or advantages of competitors, which are usually invisible at the early phases of the hotel plans (Stuntman, et al. , 2011, IPPP). It is further argued by Scott (1997) in order to receive high returns on invested capital, hotels should apply the process of risk management in order to systematically diminish the negative influence of risks.Continuously, the process is also beneficial regarding the assistance provided to hoteliers in order to increase the certainty of the project's future, which leads to overall better confidence in the decision-making process regarding anything related to the project from cost efficiency plans or contingency plans versus possible upcoming risks. 8 diagnoses possible impacts of the company that could trigger the risks both internally and externally.Risk identification is the first step before the risks gets analyses and purposed, thereafter becoming the foundation of the next steps in the recess; analyzing and controlling risks (Scott,1997). According to Keen, (2011) the most problematic and difficult step in the process is the risk identification, because it outcomes of strangeness or vagueness of forthcoming occurrences. However, identifying risks allows managers to distinguish the partnership between the causes and consequences of events, thus enabling the strategy of the stronger risk image, protective plan, and increase self-confidence in decision-making.If the management of the hotel disappoints in identifying any upcoming potential risks in the projects or operations, then unfortunately the non-identified risks will become hard to manage and cultivate to be devastating (Tchaikovsky, 2002). Additionally, the stage of risk identifications includes a complete analysis of the settings both internally and externally in order to interpret nature, and measure influences from risks (Meredith & Mantel 2012).Furthermore, Groove, (1997) argues that by recognizing foundations and influences of risks, for instance operational or market risks towards the projects of the hotel, the management could therefore categorize these risks if they are manageable or uncontainable. Nevertheless, even if risks are identified as uncontainable such as inconsistent seasonal demands, the management within hotels could still plan and work out a protective plan for producing short-term demands in order to change the undesirable outcomes (Ammonia. , 2008, p. 1 1).In addition, when risk management process is implemented, the procedure should be on-going and not perceived as one-off activity, as new risks are constantly occurring regarding the changes occurring within the micro and macro environment said by Tchaikovsky (2002). 4. 1 Identification of the major significant participants – Steadying groundwork, lassoing pieces – communal risks When identifying the foundation and stabilizing it, hotel's directors must have a look at the entire party of personnel carrying this project out instead of Just concentrating on the information (appendix 10. ). The managers must identify and know they key people, in other words are the very important participants, who in turn will give the vital information for the risk performance identification and enquiry steps. Furthermore, in order to stabilize the groundwork, manager or directors have to gain every part of necessary and significant data in a certain period of time. Such as the different and various sources of risks and influence areas to have a performance on the risk study efficiently and effectively (Scott 1997).However, by the conversion of information into different distinct pieces, managers should know and recognize the different risk components in the hotel's plans and the corresponding relationship in each component, which is why planning specific goals can become easier in specific risk. Additionally, when identifying and ordering distinct compon ents and pieces, there are two available approaches; it is either doing it independently or with a group (Serener, 2006). Identifying individually is considered as efficient when considering time, but can lead to limitations, narrow perceptions or own biases by ignoring the hotel's atmosphere.Uncooperative, Stuntman et al. , (2011) have argued by the identification of risks in a group, an additional stable and serious identifications can be accomplished, but, the period could take longer, costly, and very difficult for adding various information into one piece. Meanwhile, it has to be recognized that the human error, results and occurs of them who see the event on occasion basis can produce bias in recognizing risk Keen, 2011). Moreover, mutual risks have to be found and identified for its great level of danger challenging the projects.Through common risks recognition, the project managers can focus efforts on risk with great impact, because not all the risks are the same and they a ll require different attention and treatment (Pritchard, 2010). Nevertheless, the 10 mutual risks differ as the project proceeds, because the consequence of the risks may reduce; yet others become dominance. For example, in the lodging industry, the hesitation of the market fluctuations, economic rejections, and as well inflation may to show at the beginning of the hotel's projects.Thus, forming inconsistency among the plans and the authentic upcoming implementations argued by Haze &Kouki (2009, p 262). Analysis of risk occurs when managers' converts information gathered throughout the identification process when handling risks like rational knowledge by operating designated methods (Kline & Eluding 1997, p. 59). Risk analysis is also related to activities of examining assignments or functions to observe dangerous areas including risks in a methodical method, which might relieve risk control procedures Pritchard, 2010).Hotels could be quicker adaptable and better responsive to perce ivable occurrences, which comprehends chances and disorders (appendix 10. 4) by using risk analysis. Keel & Eluding, (1997, p. 8) states two types of risks analysis, one being quantitative and the other qualitative. Still, statistic plays a important role when risks is being analyses, in order to explain outcomes by taking a look at the frequency scattering using authentic numbers or calculations, to be able to compute data. Frequency scattering is utilized in risk analysis to review big volumes of

7 Ways to Close Out the Year with a Bang

7 Ways to Close Out the Year with a Bang At this point, 2016 is old news. It’s practically Christmas, which is practically New Year’s. But in the middle of all of the celebrating (or rushing to get projects done before your office is a ghost town for the holidays), there are some small (but mighty effective) things you can do to wind the year down in style. 1. Give your network some loveIf you had a mentor or colleague who helped you get through the year, now’s the time to let that person know how thankful you are. Nothing fancy required- a heartfelt note or a small token of your thanks is all you need to bolster your professional relationship with that person. I’m a fan of baking cookies for colleagues and friends this time of year- it’s a thoughtful, homemade way to say, â€Å"I’m thinking of you at the end of a great year.† (Of course, it’s good to know if this person has any special dietary issues if you go that route†¦ you don’t want to hand someone a plate of delicious peanut butter cookies if they have a major peanut allergy.)2. Set up your network for next yearThink about people you’d like to connect with in the new year to move your career forward. If you already know them and want to get to know them better, now’s the time to reach out with a simple holiday message that includes your hope to talk more in the new year. It’s best to try to set up a concrete date for coffee, lunch, or after-work drinks in January.3.  Take care of things on your pending listOnce you’re back in the office at the beginning of January, you won’t feel like going through and cleaning up loose ends from the year before. So do it now! Go through your inbox. If you have lingering to-dos that aren’t especially time-sensitive, now’s the time to put some time aside and check them off so that they’re not still haunting you later. While you’re poking around your inbox, take stock of any mailing lists you’re on. Which ones do you really need? Keep those, and unsubscribe from the rest.4. Clean your deskJust like your email inbox and your to-do list, you probably don’t want to come back to a messy desk. I know when I rush out the door and come back to a cluttered desk, it adds stress points before my day has even begun. Do â€Å"January You† a favor, and take some time to clean off your desk. Your pens don’t all have to be pointing in the same direction with your stapler at a perfect 90 degree angle (unless you’re into that, in which case have at it), but definitely get rid of any papers you don’t need anymore and toss outdated Post-It reminders you wrote to yourself back in May. If possible, do this as early in possible in December so that you’re not time-crunched and trying to get out of the office at the end of the month.5. Brush up your resumeDid you know that January and February are the most popular months for job change s or promotions? If you think you might be in the market for a new or upgraded gig soon, now is a great time to look at your resume and add any new skills or achievements that you’ve acquired  since you last updated it.Even if you’re not planning on changing jobs, this is still a great exercise to do annually. Be prepared! You never know when an opportunity will present itself- and wouldn’t it be great to say, â€Å"Oh, here’s a copy of my up-to-the-minute resume!†6. Revise your online profilesThis is an extension of updating your resume. What’s the point in getting your it in order if everything online still reflects the slightly outdated you? Make sure your LinkedIn profile- and any other online sites where you use your professional brand- is up-to-date and ready to go for the new year.7. Get ready to improve yourselfYou’re already fabulous, but who among us couldn’t use a few positive tweaks? Identify one or two areas wher e you could use some improvement, and come up with a game plan for 2017. Sign up for classes that start in January, or figure out where in your schedule you can take an hour or two per week to work on that skill area. Thinking about that now (and getting the ball rolling on any logistics) will make it easier to get started in January, before winter inertia settles in.So even though it may seem like 2016 is running short, you still have plenty of time for these small investments that could pay big dividends in the new year.