Motivating High School Student Essay Example | Topics and Well Written Essays - 1000 words

Motivating High School Student - Essay Example The report further showed that over his/her lifetime, the cost to the economy for an average high school dropout is roughly $240,000 due to lower taxes, higher government aid program receipts, and higher crime rates. One important factor in high school students dropping out or completing their classes late is the lack of motivation in studying. A study conducted in 2006 showed that 7 out of 10 high school dropouts quit school because of lack of motivation (Bridgeland, Dijulio, & Morison, 2006). Therefore, it is important to keep the high school students motivated so that they complete their classes successfully and in time. This paper discusses about some of the best ways to motivate high schools students to complete their classes, with a sense of accomplishment and pride, and graduate with their peers. Before discussing on how to motivate high school students, it is important to understand the underlying reasons that make students unmotivated to complete their classes. A study (2006 ) conducted by questioning 467 dropouts from different ethnic backgrounds shows several factors that contribute to the lack of motivation of high school students eventually leading to their dropping out. ... 2) 43% said that they had missed too many classes and were not able to catch up. 38% said that they had too much freedom and not enough rules. It was too easy for them to skip classes. 3) 42% of the respondents said that spending time with other people not interested in school was the reason they dropped out of high school. 4) Pace of instructions at high school was also identified as another reason. When students needing extra attention do not receive it, they are likely to drop out. Poor pre-high school education was also identified as a major stumbling block as 45% said that their earlier schooling had poorly prepared them for high school and 35% said that failing in school was their reason for dropping out of high school. 5) 80% of dropouts said that they did one hour or less of homework each day in high school. Also, two-thirds of them claimed that had they been demanded to study harder, they would probably have completed high school. 6) Another important reason for dropping out was poor involvement of their parents. They said that their parents got involved in their schooling only for discipline reasons or only after they learnt that their child was on the verge of dropping out. Most parents were not aware of their child’s grades. Several of respondents also said that they had to leave school for personal reasons like having to get a job and making money (32%), becoming a parent (26%), and having a family to care for (22%). Having understood the reasons why high school students choose to dropout, we now focus on the best ways to motivate the high school students so that they can overcome these problems and complete their classes. Sass (1989) asked his students to give feedback on two recent classes, one where they felt they were highly motivated and

Pauls Case Essay Example for Free

Pauls Case Essay A Misunderstood Person Paul is a very interesting character, who has struggles within himself in the story of Paul’s Case by Willa Cather. His teachers misunderstand him and see him as a trouble maker throughout the story. So Paul begins to be self-conscious about how people portray him because of his actions. Paul reflects on his actions and begins to confuse reality life to fantasy life where he is comfortable in because of all the amenities he had. Paul is misunderstood by his teachers so; Paul begins to live in his fantasy world where he makes his mistakes in the real world. Paul is misunderstood by his teachers because of the way he looks and acts during the meeting the teachers have about him with the principal. This part of the story says. â€Å"His teachers felt this afternoon that his whole attitude was symbolized by his shrug and his flippantly red carnation flower, and they fell upon him without mercy, his English teacher leading the pack. †(Cather pg. 245) This is explaining how his teachers are portraying him by comparing his body language to a flower. Which symbolizes him shrugging off what his teachers though about him but, deep inside him he cared because Paul always thought someone was watching him. As the story said, â€Å"Paul was always smiling, always glancing about him, seeming to feel that people might be watching him and trying to detect something. †(Cather pg. 245) His teachers are explaining him as being a selfish person thinking about himself all the time, but what they don’t know is that he does think about them and what they think about him. Paul thinks that someone is always watching because of his teachers always trying to find something wrong about his life style. â€Å"He stood watching the approaching locomotive, his teeth chattering, his lips drawn away from them in a frightened smile, once or twice he glanced nervously sidewise, as though he were being watch. †(Cather pg. 260) Towards the end of story he thinks before he jumps because begins to think about someone watching him. Showing how he is always thinking about what others thought about him and how know one ever quiet seem to understand him. Paul seems to always be looking for someone to understand him, but in the end he was always misunderstood because of his choices that he made. Paul begins to confuse his fantasy life to reality and begins to make bad choices in his life. â€Å"The moment he inhaled the gassy, painty, dusty odor behind the scenes, he breathed like a prisoner set free, and felt within him the possibility of doing or saying splendid, brilliant things† (Cather pg. 251) His fantasy was to become a part of theatre in any way he could. So he begins to think of going to New York to pursue his dreams, but what he doesn’t understand is that, that’s only his dream not reality. Paul pursues this dream by stealing, â€Å"There was above two thousand dollars in checks, and nearly a thousand in the banknotes which he had taken from the book and quietly transferred to his pocket. † (Cather pg. 255) Paul takes the money for his selfish reasons of wanting to live his fantasy. It is wrong because he is living in his fantasy life and thinks nothing about it. All Paul wants to do is be rich because that’s the way he portrays himself in his fantasy life without working for the money. â€Å"Presently he came out of his white bathroom, resplendent in his new silk underwear, and playing with the tassels of his red robe. The snow was whirling so fiercely outside his windows that he could scarcely see across the street† (Cather pg. 254) In the hotel Paul is living the good life because of the money he has stolen just as in his fantasy. The following sentence shows how he finally begins to see reality because it’s showing how he is having a battle within himself about the bad things he did, which end up killing him inside. At the end of the story Paul ends up killing himself because he was never understood by his teachers or anyone else in his life. That made him unhappy within himself so he began to believe more in his fantasy world because he felt comfortable there. Paul didn’t seem to care about anything because he was living his fantasy life of being rich and going to New York. It took Paul a while to understand that he was doing wrong by stealing money and living in his fantasy life instead of reality. Towards the end Pauls’ fantasies end up killing him, since he is never figure out he tries to escape to his fantasies to make him happy but, by doing so he causes more problems to himself making him deeply unhappy. So he decides to kill himself to live free from all the worries that made his life so confusing to him.

The Performance Management At Hewlett Packard Commerce Essay

The Performance Management At Hewlett Packard Commerce Essay   Ã‚  Ã‚  Ã‚  Ã‚  Hewlett-Packard is believed to be one of the most popular companies in the universe. It markets all over the world and distinct locations. Bill Hewlett and Dave Packard founded HP in the year 1939. The company has its own philosophy to attain success and stand different from its competitors in the market. Management by Objectives (MOB) is one of the successful trends carried out by HP Company to measure its performance management and appraisal system. Therefore many companies were following this method for evaluating their performance management. The objective of this report is to identify the performance management effectiveness and frequency of appraisal and also recognize the strength and limitations at HP Company and to make recommendations regarding their limitations and possible ways to overcome them (Armstrong 2005). Hewlett-Packard   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Hewlett-Packard (HP) is a multinational company marketing allover the world. The company offers a wide range of consumer and IT products such as personal computers, Laptops, printing machines and services, Ink, Toner paper, Monitors, Accessories and softwares, Scanners, Smart Phones etc. The HP Way   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  The HP way is not entirely different from other companys management philosophy. But the company has got its own principles and management frame implemented by its founders in approaching the top to bottom level management in distinct way. It implies that the company should trust and respect every individual and they believe in their employees intelligence leads to company success and they followed decentralized system (Peter Burrows business week 2004). This leads HP Company to retain the second top most places in the hardware industry globally (Hardware Top 100 2010). System Aim Performance management is a process carried out by organizations in order to attain the organization goals by identifying their employees performance individually and in teams (Armstrong Baron, 2005). The management levels may differ from organizations to organizations thus every management has its own performance appraisal system to identify, support, ascertain problems, develop and appreciation to the employees regard their work performance (Sims 2002a, p. 81). Performance management evaluates the companys performance of the employees, which helps to give effective feedback in order to improve their employees working performance and to succeeded organization targets. The organizations targets are considered to be the long-term goals and to attain that performance appraisal system are to be carried as short-term goals. Controlling process, which is the most important role of any organization to monitor the individual employees performance and this helps to compare the employees per formance and to analyses the overall management performance (Sims, 2002a). The basic need for controlling system is to initiate performance principles, observing performance of the employees and comparing it with the primary principles framed by the organization and finally taking required action to manage the performance. Hewlett-Packard applies the quality management therefore their organizations aim and objective is concerned about the ultimate customers. Therefore, HP employees practice the scheme called Management by Objectives (MOB). This scheme has structured the company objectives into two elements as long-term objectives and short-term objectives. These objectives were discussed between their distinct management levels that are communicating the performance criteria with the individual employees and as department vise were negotiated. The Management by Objective (MOB) scheme finds how the employees complete their task successfully, which indicates the process of mentoring and coaching. This process is made efficient by interconnecting the monitoring process at all levels throughout the HP Company. MOB also involves in the strategic planning of HP Company as a part that describes the aim or goal of the company. The companys top management involves in performance management system and introduces the performance appraisal process to the employees and given chances to fix their goals. Even the workers at bottom management level are encouraged to participate in the process of decision making by suggesting their views for attaining targets successfully this process is carried out for every six months between all levels. The Mobs objectives are to serve as day-to-day to help in making decision for tremendous growth of the company. Dave Packard believe in if HP made every individuals understanding their company objectives and goals and what the company planning for, then they could easily get every employees narrow attention towards attaining the goal. This is known as the HP Way. Frequency of Appraisal:   It is a process of identifying the employees characteristics during the working period that basically indicates quantitative and also qualitative features of management performance. This can be identified by adopting certain appraisal methods in order to find how the employees work efficiently and perfectly. Accordingly performance appraisal has goal setting and performance evaluation as arching targets. These targets are combined because of the performance management criteria used by the managers/supervisor in order to encourage the employees by giving proper command about how to transfer results to compete distinct levels of performance. 1. Goal Setting In HP Company they traditionally practice the HP Way, according to it they give respect and importance to each individual employee, therefore people in top-to-bottom level management have determined their goals. According to Bill Hewlett (co-founder of HP) a organizations performance should be measured by setting up of Goals also that should be measurable in both qualitative and quantitative terms for efficient management performance (mystrategicplan). 2. Performance Evaluation In Hewlett-Packard, the performance evaluation method is implemented as a basic development device. The company conducts frequent meetings by mixed up with all level of management people at one roof to evaluate about the management performance quarterly. According to the HP Way the employees are given full freedom to place their requests and ideas in the meeting and their suggestions are strongly supported. They practice an informal way of approaching to the analysis the performance of its management by giving feedbacks to the employees on an ongoing basis. This reflects and made the company to introduce 360-degree and MOB appraisal method as measuring the companys performance. Method of Appraisal Management of Objectives In HP Company their managements performance is analyzed by carrying out the management of objectives appraisal method. Through this method the company find their employees rating during the work time and those who attain top rating are awarded with promotions and offers on the other hand the employees who got poor performance rating will be taken necessary actions to make them correct accordingly. This appraisal scheme followed by the Hewlett-Packard Company measures both the qualitative and quantitative aspects of their employees performance. The company follows a quality management hence their objectives

Our War Against Terrorism is Justified Essay -- September 11 Terrorism

Our War Against Terrorism is Justified    This essay will address the question whether the war against terrorism declared by President George W. Bush is a just war.    According to the September 22nd edition of Star-Ledger, Professor Richard Falk, of Princeton University said   Ã¢â‚¬Å"the mainstream media have turned into a 'war-mobilizing mechanism' leading to intense indoctrination of the public in support of a military response." "We are living in a society that is so convinced of its own innocence that it is ready to embark on its own 'holy war,'" Falk said. He said that if and when the United States decides to use force, it should do so only in conformance with international law and according to the principles of a "just" war. "These would include making it illegal to target non-military sites or people, making sure the response is proportionate and ensuring that no unnecessary pain is inflicted. "In Bush's address (Thursday night) I saw no signs of sensitivity to any of these limits, no deference to the authority of the United Nations," Falk said.    Contrary to what Prof. Falk suggested, our country does consider before undertaking such actions whether it complies with the description of a "just war." We had such a discussion, for example, before moving to turn back Iraq's invasion of Kuwait in 1990. There was a good interview on the CNN website on the topic of a just war.    I don't believe there is any disagreement that non-violent methods of resolving conflicts must always be used when they are possible. But this is not always possible. Therefore the first thing to note is that there is such a thing as a "just war." The tradition goes back to St. Augustine and has been highly developed over the cent... ... While moving against bin Laden and the ruling Taliban which protects him, Pres. Bush and his advisers have clearly stated that we have no quarrel with the Afghan people. Instead of dropping bombs on them, our government has started to airlift food to alleviate the acute distress caused by more than twenty years of uninterrupted war. There has not been any military action merely for the sake of taking action or assuaging any supposed public desire for revenge.    Thus I conclude that the war against terrorism meets all four criteria of a "just war."   Sanity, virtue, and a sense of humor all depend, though in different ways, on having a proper sense of proportion. I suggest that early critics of the war on terrorism lack the necessary sense of proportion. They take themselves too seriously, and the situation and the ideas it contains not seriously enough.

Project management of a company Essay

With the current rapid development of various business. Market competition becomes more and more fierce. Hence, a specific business plan is crucial to help a business successfully achieve goals and become competitive. The aim of this report is to prepare a business plan for a business. Some parts will be analysed in detail below which include a description of the business, sales and marketing strategy and risk management plan. A famous interior designer, Mark, owns Master Furniture (MF) which is located countryside in Melbourne. The major function of MF is providing customized furniture. There are three options provided to customers by MF: buying the existing furniture without any changes, changing the design of existing furniture displayed in showrooms, and providing design plans by customers themselves. In the next five years, MF plans to develop its own ERP system and expand his business to open linkage shops around Victoria. The main marketing principle is that the entire efforts of a company should be directed towards customers needs. MF is positioned as a high quality retailer that offers a unique selling proposition. MF sets its business apart from others due to its unique feature of providing customized goods to its customers. Advertising and Promotion also necessary through a variety of channels in order to attract customers. These approaches include the Internet, newspaper, radio, television and tradeshows. Besides sales and marketing strategy, risk management plan is also a significant factor that cannot be neglected. Specific and deliberate risk management plan should be established in order to minimize the negative influences on the business development and better achieve business goal and objective. The risk management plan contains the following parts, identifying and recording the potential risks, classifying the identified risks and assessing impacts of risks and developing the risk mitigation strategy for each risk. Those identified risks are categorized into six groups, including customer risks, supplier risks, staff risks, competitor risks, product risks and financial risks. 2.Description of the product/service Master Furniture (MF) is a business planned to provide furniture design and sale services for both individual and companies who have special or unique furniture requirements. Goals of enterprise are to provide high-quality customized service that is reliable and convenient. Mark, the owner of Master Furniture, also is a famous interior designer and won many relevant international prizes. Mark praised free spirit as his operation concept, which also directly affects his design. Purposes of establishing this entity are expressing and disseminating his artistic concepts, as well as exchanging ideas with professors and hobbyists. Customers are on top and middle class of society, who have special requirements and enthusiasm for furniture designing are targeted customers. The primary market focuses on special groups, such as the blind, the elder and people who are passionately fond of designing personal furniture. The physical shop locates in the city of Melbourne. Therefore, the target market areas are the suburbs around Melbourne. The shop includes three showrooms, which divided into bedroom, living room and kitchen. Mark designs all furniture displayed in the shop. There also have one meeting room and one stock room, which store the art works and goods customers ordered. Initially, the major function of MF is providing customized furniture. There are three options provided to customers by MF: buying the existing furniture without any changes, changing the design of existing furniture displayed in showrooms, and providing design plans by customers themselves. For the first situation that customers buy furniture directly from the shop and without any change, MF provides discount in delivery service if customers do not want to pick up by themselves. For the second situation that customers want to change the size, color or materials of furniture based on the design of Mark, MF charges extra service fee. The extra service fees are based on the change of furniture. For example, MF charge extra 20% of the furniture price for changing color and extra 30% of price for changing size. In this case, MF provides the design drawing directly to customers in the shop or sent to customers by email. After customer confirm the design, especially in size and color then it will be sent to factory. For the last situation that designs are provided by customers, Mark may provide professional suggestions based on design, such as budget, drawbacks, and safety risks. After the negotiation between Mark and customers, the design drawing will send to the factory. MF owns a truck, which is able to provide delivery service to customers. For loyal customers who had transaction records in MF database, can enjoy discount delivery service as well as customers buy furniture directly from shop and do not have any change. On the other hand, customers also can pick up by themselves. All advertisements include leaflets, which displayed the new designed furniture and price, a phone number that potential and current customers can call to query the service. For the customers who want to change the design or designed by themselves, MF calls customers once their goods arrived in the shop. The background factory of MF is outsourced to Rojos furniture factory, which is located in the countryside of Melbourne. Once Mark confirms the design drawings and send to factory by email or fax, factory sends an invoice which includes due time of production, price, and quantity back to MF. In this period, MF will confirm the price with customers and then response factory. Factory will start to work after receiving the confirmation from MF. After factory completes the invoice and sends goods back to MF, MF will inform customers to decide whether they want to pick up by himself or herself or delivery furniture to home. MF has two full-time receptionists and one part-time driver. When customers step into the MF, the front desk receptionists, who understand Mark’s design concept completely and have excellent communication skills, will communicate with them and introduce products in the showroom to clients. If clients want to design furniture by themselves no matter completely self-design or partly design, they could make appointments with Mark to discuss. When customers decide to purchase, they need to pay whole amounts for existing products or deposit for new design products. Then receptionists will create account for clients in the MF customer information database, which can help customers get discounts for delivery service in next purchase. On the other hand, receptionists also need to confirm delivery information with customers, such as delivery address, time and payment method. Once clients confirm the delivery, it is the responsibility of receptionists to inform delivery information to the driver. The major responsibilities of driver are delivering and unloading products as well as receipts to customers. After customers signing for confirmation, the last mission of driver is bringing back confirmation of customers to MF. MF offers after-sale services to customers, such as maintenance, consultancy. In the next five years, MF will develop its own Enterprise Resources Planning (ERP) system, which includes a website for advertisement Customer Relationship Management System. Moreover, Mark is planning to expand his business, which focusing on open Linkage shops around Victoria. In order to attract more clients, membership will be applied in MF system. Based on the expanding business, more staff is required for different purpose. There are several kinds of positions will available in MF: designers, receptionists, salesman, full time delivery drivers, and back officers. Moreover, as a famous designer, Mark will provide videos in shops to show his award-winning art works, and by this way to disseminate his design concept and let more people know about furniture art. 3.Sales and marketing strategy 3.1 SWOT Based on the goals of MF: build company image, gain competitive market share and refine logistic, productions and operational systems, SWOT analysis applied to in this subsection to analyze strengths, weaknesses, opportunities and threats. The evaluation of the strategic process has to be done in order to conduct the SWOT analysis. Strength †¢In these recent years there is an increase in demand of furniture products that is modern and unique. These classifications make the house of the MF customers to be different from others. And the minimal design is used to express a maximum effect of the art used in the furniture; the arts used in minimal design mostly will be in the form of visual art and music. †¢The MF has the highly educated workers in the organization. The human resources used in both the outlet shop and the factory are skilled, capable of producing the design requested by the customer. †¢Diversity and ideas is the most important strength of the organization. This innovative idea makes us differ from our competitors. Integrating different ideas into a furniture product, that forms the critical success factors. †¢The furniture market has a big democratic market, where there is always a way to establish our organization and product information through the media. This also forms the strength of our organization. Weakness †¢The major part of the weakness lies in the stock control, which is inefficient. There are many cases where the stocks may be outdated. In some cases there may be insufficient stocks. And at sometimes the stocks would not be available on the time needed, sometime available more than what is needed. †¢Trust, forms the core of the business process. The materials that are supplied by the external organizations at sometimes create a lack of trust in them. As the furniture company is mainly dependent on external organization for the raw materials, lose their trust when the raw material is not good and when it is not supplied the time needed. †¢Master Furniture is known especially for its uniqueness in the product. When there is some situation where the organization has to share the knowledge with the other employees and external organization, the knowledge shared can be misused. These cases the organization has to take the risks. †¢The demand for the traditional structure of the furniture’s is decreasing rapidly. On the other hand new innovation and change in this industry has slow absorption. †¢Till a product is completed the quality of the product cannot be judged. Once the quality of the product fails a new product has to be created and the raw materials used cannot also be reused. As known for producing single furniture a large quantity of raw material has to be invested. Opportunities †¢Big potential is developing in the market sector for designing. As the main part of this business is designing as per requested by the customer, the minimal designs are creating new opportunities for these kind of design patterns in the market. †¢The labor cost can be reduced by outsourcing it to the other countries such as China. †¢There is a large scope in the research and development as the customers are looking forward for the uniqueness in the product they buy. So, research and development capability is high. †¢Hybrid solutions can be achieved by blending and balancing. This can be done using the effective production methods. †¢There is only a very little competition in the designing of the modern furniture’s. Threats †¢The major threat to be considered is that the cost of the raw materials, which is always showing upward trend in the rise of the prices. This causes the regular price fluctuation of the products produced. †¢The new ideas or methods that are used in the manufacturing of the product sometimes lead to uncertainties. The innovation in the product cannot be always successful. †¢The MF Company also has to hope with the fast changes and new inventions in the industry. When a new production method is introduced then there will be a change in the stock control. This will lead to a large fluctuation in stock control. 3.2 Marketing Strategy Customers are considered as core in any business. The companies manufacture goods according to the needs of its customers. They would like to increase their market share by beating their competitors through sales. One should have a proper business plan to achieve this. The company should know the likes and dislikes of its customers. Based on these factors it can build a business strategy that allows you to satisfy your customers. The two main marketing principles are: †¢The entire efforts of a company should be directed towards customers needs. †¢Profitable sales volume is more important than maximum sales volume. Positioning: Master furniture is positioned as high quality, moderate price retailer that offers unique customizes goods. As Master furniture provides special services to their customers their goods are positioned at high quality which lean towards higher prices. Their market positioning goals are accomplished through the following: †¢Appointing outstanding sales persons in Master furniture retail store who understand the customer needs. †¢Explaining their manufacturing capabilities and uniqueness through demonstrations. †¢To highlight their ability to customize and quality they should provide invitational sales. Unique Selling Proposition: A unique selling proposition is what your business stands for. It sets your business apart from others. Instead of attempting to be known for everything, businesses with a unique selling proposition stand for something specific, and it becomes what you’re known for. Master furniture sets its business apart from others due to its unique feature of providing customized goods to its customers. Price vs. Quality & Design: Master furniture maintains high quality & provides appealing customized design according to the customer needs at affordable prices. Advertising and Promotion: Master furniture will use different sources to communicate with their targeted market. Newspaper, local cable, billboards, pamphlets are different sources to attract customers. They use the electronic media to attract customers and explain their concept of customization. Their customers being the middle and high class in the society Master furniture uses radio and television to advertise. Posturing and vehicle writing methods can also be implemented to advertise. Master furniture uses media to advertise. These include: †¢Internet †¢Newspaper †¢Radio †¢Television †¢Tradeshows Internet: Advertising through the Internet is the best way to advertise these days. Social networking websites like Facebook are used for advertising. This would be the most effective advertising plot for Master furniture. Newspaper: Most people in Australia read newspaper. So for that reason Master furniture can use the most popular newspaper to advertise. Radio: Radio is also considered as a popular media item. Many people use it for audio entertainment. So Master furniture can also use radio as to advertise. Television: Television is the most popular media item. Every person in the country uses television for entertainment. Therefore Master furniture can use television to advertise. Tradeshows: The trades how is an excellent mechanism to stay connected with the market and network potential customers. Aside from sales promotion the trade shows offer you the ability to see your competition. Master furniture will attend the trade shows held every year and try to attain potential customers. 4.Risk management plan 4.1Purpose and Objectives Risk management plan is to identify and record the potential risks which may threaten the company and also assess identified risks and establishing risk mitigation strategies to mitigate negative impacts on achieving goals and objectives of the business. The purpose of the risk management plan is to describe all aspects of risk management, including: 1)Identifying and recording the potential risks; 2)Classifying the identified risks and assessing impacts of risks; 3)Developing the risk mitigation strategy for each risk; 4)Allocating responsibility; 4.2 Target Audience The target audience of the risk management plan includes: all employees of MF company and its customers and the supplier. 4.3 Risk strategy In order to minimize the negative influences on the business development, the risk management procedure is developed by considering both internal and external factors. The necessary steps are risk Identification, risk assessment and risk Mitigation. All identified risks are categorized into six groups, including Customer Risks, Supplier Risks, Staff Risks, Competitor Risks, Product Risks and Financial Risks. Identified risks are measured in terms of likelihood of occurrence and impacts. By combing the likelihood and impacts, the risk rating is identified to provide the priority of the risks, which would present a better perspective for risk management. The detail information is shown in Table 1below. Table 1 †¢L=Likelihood: 1=Unlikely; 2=Possible; 3= Very Likely †¢C=Impact: 1=Minor; 2=Moderate; 3= Major †¢R=Risk Rating: L=Low; M=Medium; E=Extreme #Risk NameRisk DescriptionConsequence RRisk MitigationResponsibility ACustomer Risks A.1The company highly relies on a small number of major customers Once the larger customers turn to other companies’ product, then the company’s profit will be affected in the short time.The company’s profit and cash flow will be affected in a period of time until finding the new customers to yield revenue.22M†¢Improving the customer satisfaction and keeping long-term relationship with valuable customer groups by regularly contacting them and continually providing the superior products and services. †¢Locking the existing customers and make them become larger customers. †¢Expanding the target customer groups and seeking new and profitable customers.†¢General Manager †¢Department Managers †¢Salesmen BSupplier Risks B.1Highly depends on one supplierOnce the existing supplier is not able to provide the products and services or produce the products to the company, then the company’s normal operations will be affected.The company’s normal operations will be affected because of the shortage of supply.33E†¢Seeking alternative suppliers who are able to provide the similar products and services to the company. †¢Locking the existing supplier by the long-term contracts and maintaining the relationship with the supplier regularly.†¢General Manager †¢Department Managers B.2Product delivery delay riskThe suppliers cannot produce the product and deliver products on time.The company will not deliver products for its customers on time and loss reputation and credibility.11L†¢Seeking alternative suppliers who are able to provide the similar products and services to the company. †¢Monitoring supply contract regularly and urging products delivery.†¢Department Managers †¢Salesman †¢Customer Service Manager CStaff Risks C.1The staff turnover riskSome employees are critical to the business success, such as they deal with the key supplier and larger customers. The company will be affected by staff turnover.Resulting in disruption of the business operation and hard to find the appropriate new staff. The company has to spend both time and money to train the new staff.22M†¢Implementing a strict personnel selection mechanism to find the right employees for the company. †¢Allocating more employees to key position and training employees for backup. †¢HR Manager †¢Department Managers C.2Employee face occupational health and safety(OH&S) risksBecause of the nature of the work, the employees, such as vehicle drivers and porters, would injure in the particular event.The company will be under the risk of fines or paying for injury or death of an employee.11L†¢Establishing appropriate OH&S policies. †¢Regularly maintain vehicles and advocating safe driving.†¢Employees DCompetitor Risks D.1Competitor riskCompetitors will pose a current or potential threat to the business, such as competitors may open the new business nearby or launch similar products with lower price in the market.The sales and revenue of the company will be affected.12L†¢Improving the relationships with large clients. †¢Investing money in developing new products and services. †¢Protecting intellectual property assets confidential and proprietary information, such as designs and copyright. †¢Continually monitoring competitors.†¢General Manager †¢Designer EProduct Risks E.1Large-scale product recall riskDue to product defect, the company has to recall all sold products.The company will huge losses in expense of reworking and the sales and reputation of the company will be affected in long term.13M†¢Monitoring the quality of the products and avoid the situation which would damage the company’s reputation. †¢Training employees.†¢General Manager †¢Salesman †¢Customer Service Manager E.2Copyright riskThe company’s copyright is violated.The sales and revenue of the company will be affected.13M†¢Establishing a copyright policy. †¢Protecting intellectual property assets confidential and proprietary information. †¢Signing a confidential agreement when contracting work out to third parties. †¢Getting copyright consultancy services.†¢General Manager †¢Designers †¢Department Managers FFinancial Risks F.1Liquidity riskThe company doesn’t have enough money to pay its debts.The company’s operation will be affected.22M†¢Managing and monitoring cash flow. †¢Carefully making financial decisions.†¢General Manager †¢Finance employees F.2Credit riskDue to the products and services sold on credit, the customers may be unable to pay the money back.Resulting in financial loss.12L†¢Checking customers’ credit status and signing terms an conditions of trade with customers.†¢Finance employees †¢Salesman 5.Conclusion From what mentioned above wo can get the conclusion that a business plan which includes several parts, a statement of the business, marketing strategy and risk management plan. Establishing a detailed business plan plays a significant role in operating the business and achieving their goals successfully. When setting a plan, the organization should particularly pay attention to risk management plan which can help the business reduce loss the risks result and operate in a smooth way.

Euoplocephalus - Facts and Figures

Euoplocephalus - Facts and Figures Name: Euoplocephalus (Greek for well-armored head); pronounced YOU-oh-plo-SEFF-ah-luss Habitat: Woodlands of North America Historical Period: Late Cretaceous (75-65 million years ago) Size and Weight: About 20 feet long and two tons Diet: Plants Distinguishing Characteristics: Large spines on back; quadrupedal posture; clubbed tail; armored eyelids About Euoplocephalus Probably the most evolved, or derived, of all the ankylosaurs, or armored dinosaurs, Euoplocephalus was the Cretaceous equivalent of the Batmobile: this dinosaurs back, head and sides were completely armored, even its eyelids, and it wielded a prominent club on the end of its tail. One can imagine that the apex predators of late Cretaceous North America (such as Tyrannosaurus Rex) went after easier prey, since the only way to kill and eat a full-grown Euoplocephalus would be to somehow flip it onto its back and dig into its soft bellya process that might entail a few cuts and bruises, not to mention the occasional loss of limb. Although its close cousin Ankylosaurus gets all the press, Euoplocephalus is the best-known ankylosaur among paleontologists, thanks to the discovery of over 40 more-or-less complete fossil specimens (including about 15 intact skulls) in the American west. However, since the remains of multiple Euoplocephalus males, females, and juveniles have never been found heaped together, its likely that this plant-eater led a solitary lifestyle (though some experts hold out hope that Euoplocephalus roamed the North American plains in small herds, which would have afforded them an extra layer of protection against hungry tyrannosaurs and raptors). As well-attested as it is, theres still a lot about Euoplocephalus that we dont understand. For example, theres some debate about how usefully this dinosaur could wield its tail club in combat, and whether this was a defensive or offensive adaptation (one can imagine male Euoplocephalus bonking each other with their tail clubs during mating season, rather than trying to use them to intimidate a hungry Gorgosaurus). There are also some tantalizing hints that Euoplocephalus may not have been as slow and plodding a creature as its anatomy would indicate; perhaps it was able to charge at full speed when enraged, like an angry hippopotamus! Like many dinosaurs of North America, the type specimen of Euoplocephalus was discovered in Canada rather than the U.S., by the famous Canadian paleontologist Lawrence Lambe in 1897. (Lambe originally named his discovery Stereocephalus, Greek for solid head, but since this name turned out to be already preoccupied by another animal genus, he coined Euoplocephalus, well-armored head, in 1910.) Lambe also assigned Euoplocephalus to the stegosaur family, which was not quite as big a blunder as it may seem, since stegosaurs and ankylosaurs are both classified as thyreophoran dinosaurs and not as much was known about these armored plant-eaters 100 years ago as it is today.