Value Creation And The Components That Can Be Used

Chapter 3 Questions: 1. Define value creation and the components that can be used to determine value creation per unit. How is value creation related to competitive advantage? For any business unit, value creation will be the most important goal. Giving out values for the customers will increase in the sales along with the services and for shareholder’s, values will be generating in the method of development in stock prices, will make sure that there will be investing in funds in future. From financial insight, values are meant to be formed when an organization will have revenue, which exceeds the expenses. Value creation will be slowly being as standard as a better-quality management aim than a strong financial measures for performances and few of them are motivated for reducing the costs which will be creating short period outputs for the funds that will be refining the long period growth along with the competitiveness. Few experts recognized the importance of value creation and utilized it among all the decisions of company and also among the employees. The most important phase in achieving a company’s attention on the value creation understands all the bases along with the drivers of the value creation inside the company. Concentrating on which will be making values, will be benefitting all the managers who will be focused on the capital and the capacity on enormous profitable probabilities for the growths. If customer’s reputation is consistent value along with timelyShow MoreRelatedValue Creation And The Components That Can Be Used Essay1296 Words   |  6 Pages Define value creation and the components that can be used to determine value creation per unit. How is value creation related to competitive advantage? Value creation is creating value for the customer. Being able to solve or meet the customer requirements. Value is created whenever an action is taken for which the benefit exceeds the cost. Value creation per unit includes the following components: †¢ V-P = Consumer Surplus †¢ P-C = Profit margin †¢ V-C = Value created where o V = Value o P = PriceRead MoreBusiness Analysis : Climate Design1057 Words   |  5 Pagessatisfaction, in addition to increasing sales revenue. Model 1: Customer Value and the Value Creation Process The first framework that I would like to focus on is customer value and the value creation process. What exactly is customer value? How can you define the value customers create? Referring to a simple formula; benefits – cost = customer value, assists in the comprehension of customer value and the importance of value creation in business strategies. This formula states that the cost of a goodRead MoreWhat Is Innovation? State Two Innovations That Has Revolutionised The Current Market? Essay1625 Words   |  7 Pagesor service that creates value for which consumers will pay is called an innovation, an idea must be replicable at an economical cost and must satisfy a specific need. Innovation involves deliberal application of information, imagination and initiative in deriving different values from resources, and includes all processes by which new ideas are generated and converted into useful products. In a social context, innovation helps to create new methods for alliance creation, joint venturing, flexibleRead Moreinformation system1104 Words   |  5 Pagesï » ¿1, Distinguish data from information and describe the characteristics used to evaluate the value of data? Data versus Information 1 ,Data 2, information 3,knowledge. 1, Data raw facts, such as an employee s name and number of hours worked in a week, inventory part numbers, or sales orders .several types of data can be used to represent these facts Data Represented by alphanumeric data numbers, letters, and other characters image data graphic images or pictures Read MoreFirst Three Chapters Of Biblical Genesis875 Words   |  4 Pageschapters are more focused on the creation and the fall of mankind, they also explore the relationship between God and humanity. The chapters lay a foundation for understanding Judaism and Christianity. Most of the moral values that are established in Judaism are upheld and maintained in Christianity. The first three chapters of the Old Testament instills the values of inter-religious cooperation between various groups in the society. They focus on procreation, creation and the fall of man. The firstRead MoreMission Statement Of A Company1225 Words   |  5 Pagesservices, targeted customers, geographic markets, philosophies, and values and plans for future growth (strategic management insight). Below is the current mission statement of Coca-Cola: â€Å"To refresh the world in mind, body and spirit, To inspire moments of optimism and happiness through our brands and actions, To create value and make a difference.† (Coke) For any mission statement to be effective it should consist of nine key components; customers, products or services, markets, technology, concernRead MoreThe Dimensions Of Effective Classroom Practice1248 Words   |  5 PagesMixed Methodology The analytical approach had four main components: 1) Analysis of quantitative observation and survey data to identify underlying dimensions of effective classroom practice, 2) the use of NVivo (a computer-as sited analysis package) to analyze qualitative interviews and detailed observation field notes, 3) the development of analytical matrices at the teacher level, and 4) the creation of individual teacher profiles (Kingston, Sammons, Day and Regan, 2011). Dimensions of effectiveRead MoreThe Integration Perspective And The Christian Psychology Perspective913 Words   |  4 Pagesmodern psychology is secular, scientific, and sacrilegious. However, many Christian psychologists and counselors, organizations and associations such as the Society for Christian Psychology, are striving to unite, integrate and incorporate Christian values, principles and knowledge into modern psychological counseling, research, and practice. Two of the main perspectives that tries to merge the two principles and theories is the Integration perspective and the Christian Psychology perspective. TheRead MoreValue Creation : A Competitive Advantage1555 Words   |  7 PagesValue creation is creating value for the customers who are using the products or services of the company and also creating value for the shareholders of the company. The components that can be used to determine the value creation per unit are the value to customer, price and cost of production. If the prices of thee product or service is raised, then it automatically increases the value of that product and thereby there is a competitive advantage over other companies by generating much profit. CompetitiveRead MoreEssay about How to Solve the Foreclosure Crisis1588 Words   |  7 Pagesneighborhood in the United States. These foreclosed properties problems range from unkempt yards, broken doors and windows, as well as becoming dangerous havens for drugs and violent acts of vandalism. In addition, empty foreclosed homes drive down property values of surrounding homes and neighborhoods. Many of these homes became foreclosures because the buyers could not afford the payments. This inadvertently ruins not only their credit scores, but also ruins the chance of owning a home in the future.

American Flamingo Free Essays

The Blue Eyed American Flamingo Who ever thought there could be so much emotion and so many qualities in a flamingo? After reading this poem author Pape expresses his feelings and the beauty in a flamingo by using analogies describing the features and the distinct details to such a simple bird. The first sentence in this poem is one of the most important. The first sentence says â€Å"I know he shot them to know them. We will write a custom essay sample on American Flamingo or any similar topic only for you Order Now † (line 1) This may seem like a very simple statement, but Greg Pape makes it very bold and is able to express himself off this sentence, by saying he now knows and understands why Audubon had the passion he did for flamingos. In Greg Pape’s poem â€Å"American Flamingo† he captures John James Audubon’s passionate view of the American flamingo. John James Audubon was an American ornithologist, outstanding artist and author of â€Å"Birds of America† (560). In the long history of writing, poetry has held a very special meaning for a human and to allow them to express all of their emotions. The poem â€Å"American Flamingo† combines the mysterious symbols of nature with the inexact emotional language. â€Å"American Flamingo† takes looking at the painting to another level. It was difficult to portray the many emotions Pape was trying to depict throughout the poem. He comes off to be exceptionally stress-free and at ease with life and what he has experienced. â€Å"However; his metaphoric character allows readers of all ages to be able to find a connection with his poetry† (Fitzpatrick). Awesomely, Pape ties several of nature’s incredible elements into his poetry and writing such as; interactions between amazing creatures and their rare or beautiful habitats. On the other hand, He recognizes the high regard he holds for using language in physical representation of objects, animals, people, and places from memories rather than offering abstractions attached to emotion. Pape was a man of very few words he powerfully described life’s minor events and unforgettable memories with metaphorical phrases and simile’s throughout the poem â€Å"American Flamingo† such as â€Å"the jockeys perched like bright beetle on the back of horses pounding down the stretch† (26-29) and â€Å"as they settled down again like a rose-colored fog on the pond† (41-42) Nature and the overlooked side of earth are given notice as Pape creates outstanding pictures with his astonishing words about the images he discovers in this beautiful, enormous world that we live in. Right similar to piece of majestic artwork, â€Å"Pape allows the reader to take a step back and enjoy all of the images that we sometimes take for granted or do not even notice† (Fitzpatrick). Many people just see a flamingo as a beautiful, intriguing, large, rose-pink colored bird that is always standing on one leg. Other than taking it to the next level and looking more in depth at the bird, like John James Audubon does in his painting and Greg Pape does in his poem. Audubon and Pape express the marvelous details to what makes this bird so magnificent. In the poem Pape gives many descriptions of the flamingo and its beauty such as â€Å"I did not know the eyes of the flamingo are blue, a deep live blue. †(2-3) And â€Å"beneath the over-draping feathered monument of the body, between the long flexible neck and the long bony legs covered with pink plates of flesh. † (18-21). Too many people these qualities are not some of the first things noticed when one takes a glance at the overly large bird. Pape and Audubon take describing a flamingo to the extreme. Even if one has never seen a flamingo in real life after reading Pape’s poem an exact image of the magnificent flamingo will be created. As the poem draws to an end Pape states â€Å"the loud flat metallic voice of the announcer fading as the flamingos, grazing the pond water at the far end of the infield, rose in a feathery blush only a few feet off the ground, and flew one long clipped-winged ritual lap in the heavy Miami light, a great swirl of grace from the old world that made tickets fall from hands, stilled horses , and drew toasts from the stands as they settled down again like a rose-colored fog on the pond (30-40). â€Å"American Flamingo† displays a range of bright pieces, often startling many with their generous spirit and frequently linking colorful memories of the past with present moments of indirect understanding or even slightly higher instances of enlightenment. â€Å"Each piece of Pape’s poetry increases readers’ awareness of relations hips between nature and humans or between us and others, especially those close to us. As well, readers attain an acute appreciation for the impact of the past and on the present, or the way fragments of stored memories may influence our everyday lives. (Edward) After reading the poem â€Å"American Flamingo† I now have a new found knowledge on flamingos. Pape’s words created a picture perfect image in my head. He sets a tranquil mood with his vivid descriptions of flamingos. My prior knowledge of flamingos was very minimal, but due to Pape’s vivid words and amazing word description, I now know every specific detail about the deep live blue eyed flamingo. Works Cited Byrne, Edward. â€Å"American Flamingo. Souther Illinois Universty Press, 21 Mar 2007. Web. Web. 13 Sep. 2012. http://edwardbyrne. blogspot. com/search? q=American Flamingo. Fitzpatrick, Kelly. Good reads. N. p. , 13 Mar 2011. Web. Web. 16 Sep. 2012. http://www. goodreads. com/review/show/148430531 . Pape, Greg â€Å"American Flamingo† Literature for Composition. Eds, Sylvan Barnet, William Burto, and William E. Cain 9th ed. Boston: Longman, 2011. 560-61. Print. How to cite American Flamingo, Essay examples

Capacity Crisis in Disaster Risk Management

Question: Discuss about the Capacity Crisis in Disaster Risk Management. Answer: Introduction Risk is an important concept in every field. Risk management is the process of identifying and assessing the risks for minimizing the impacts of the disastrous event or to increase the understanding of new opportunities. The major objective of risk assessment is to guarantee that uncertainty does not repel the efforts from the business goals. The risk management in the disaster and emergency situations includes reducing the damage, which is caused by the natural hazards like; flood, drought, earthquakes, and cyclone or any emergency event. This report on risk management includes the critical elements, which guide the risk of emergency or disaster. Furthermore, it discusses the impacts of emergency situations and disaster on local communities. The report will help in understanding various key concepts regarding the risk assessment and management in the emergency situations and disaster. Emergency and disaster situation can arise anytime. It can disturb your life or can put you in the danger. Emergency is a circumstance, which poses risk to life, property, health, environment and life. There may be some emergency situation, which need urgent involvement to inhibit this bad situation (National Center for Disaster Preparedness, 2017). Natural disaster can include various events related to the weather and regulated by the geographic location. Most of the disaster situations can be expected allowing the individual and communities the chance to prepare earlier for the event. Difference between Emergency and Disaster There are some differences between emergency and disaster, even though an emergency situation can feel like the situation of disaster to the people, those are involved in it. Disaster is described as a sudden disastrous event, which brings loss, damage or a failure, whereas emergency can be defined as an unexpected mixture of the situations of the situation, which calls for instant action. It needs a relief and assistance. A situation of disaster can impact more people and can have disturbing consequences, which that of an emergency (Paton, 2007). The emergency situation can convert into a disaster whereas a disaster is naturally a situation of emergency. It can be said that the results of emergency situation will lead to the disaster. Thus, the situation of disaster and emergency are two different things and sometimes they are confused, but both are related to each other. Among other factors, risk perception is supposed to impact the preparedness of the people for, reactions to and reclamation from the natural disasters. It is very important for implementing effective risk management strategies. In the process of handing with the happening of natural disasters, New Zealand has gained a better experience in managing the resources to combat the disaster risks (Lawrence, 2016). Though, the risk management is controlled by the technocratic pattern. The social facet is generally unnoticed. The government in the country has made efforts time to time for the publics good, but is does not give attention to tat how the community looks at these disasters. Various studies have been conducted to know about the perceptions of people about the natural disasters risk in New Zealand. It is revealed that the public in the country is aware of the natural emergencies and disasters and associated risks. After conducting a study of eight New Zealand groups, it is analyzed that earthquakes got the highest risk exposure ranking over the 24 hazards. Trends in Emergency and Disaster Occurrence The population of New Zealand is at the risk from variety of hazards. Many infrastructures, industrial and residential areas, situated in New Zealand are affected by these hazards. Country is facing increasing trends in emergency and disaster occurrence. The country is affected by the technology and other human-made events (Edens, 2016). The emergency and disaster occurrence in New Zealand includes various events, like; landslides, Coastal hazards, snow fall, droughts and severe winds. Coastal hazards: In the New Zealand, there is 18000 kilometers of coastline, which is continuously changing through high storm surges. So, it is very challenging to manage economic and residential use of this coastal atmosphere. With the increase in the seaside residential area, people, infrastructure and property are at risk. Landslides: landslides in the New Zealand are caused by the earthquakes or extreme rainfall. There are two major landslides happened in New Zealand; are in Matata, Eastern Bay of Plenty (North Island) in the year 2005 and Abbotsford, Dunedin in south Island in year 2005. Snowfall: Snowfall in winter is very common above 1000 meters in the North Island and Southern Alps. There may be Snowstorms, which can rarely bring the snow to lower heights (Wilson, 2006). For example, there was a case in New Zealand in the June 2006 (Canterbury Snowstorm). Droughts: Drought is one of the most common and expensive hazards in New Zealand, because it can impact a large area and the effects of them can be felt for several years of occurrence. It causes shortage of water and affects the irrigation supplies. It affects the rural and agriculture sector primarily (Edens, 2016). The electricity generation in the country depends on the levels of river and lakes. It was seen in the hydroelectric drought in 1991 and Auckland water supply drought in the year 1993. Earthquake: Earthquake is badly damaged the people, property and assets in the city. Currently, the earthquake occurred in the year 2011, i.e. Christchurch earthquake. In this, 185 people were killed and several thousand people were injured. Thus, the country is facing different types of natural hazards. It is affecting the lives of people, residing there. The Below- mentioned graph shows trends in natural disaster in New Zealand. It also indicates the number of deaths in a particular disastrous event. World Health Organization/ International Disaster Database Without understanding the risk or uncertainty, it is difficult to know about the risk management in the unfortunate situations. The concept of risk is somewhat different in different situation. Risk is the uncertainty or threat of loss, damage, danger and injury, which is caused by any internal or external exposures (Jorgustin, 2012). The risk can be avoided by taking any preventive action. The meaning and causes are different in different areas; like insurance, finance, food industry and any other industry. There may some events, which generate the risk of natural disaster or emergency situations, like; flood, drought, earthquakes, and cyclone. Risks from emergency situations and natural disaster are very common in the New Zealand. It can be from the storms, landslides, floods, severe weather, earthquakes and tsunami. Increasing awareness and knowledge about the risk and risk management is necessary to minimize the vulnerability of the local communities (Tiwari, 2015). Hazard is an important concept of risk management. It can be defined as a human activity or occurrence that may lead to injury, loss of life, damage to the property, environmental deprivation or impact on human health. These hazards may be combined, single or sequential in their impact. Each and every hazard is categorized by its geographical location, frequency, probability and intensity (United Nations, Office for Outer Space Affairs, 2015). Hazard has been identified as the risk, but it is accepted that it is a component of risk not the risk. There are some examples of socio-natural hazards, like; flooding, landslides, which are associated with the human brought environmental changes and hazards related to climate changes. Vulnerability can be defined as the situations, which are determined by the social, physical, environmental and economic factors, which surge the exposure of a community, people, resources or systems to the effects of hazards or risks (Campbell, 2009). This situation is multi-dimensional in the nature. People differ in their susceptibility to the risk as a result of their gender, social group, age, ethnic and some other factors. It can differ in its types, like; poverty means that housing is not able to bear an earthquake; it may result in the slow response to the situation of disaster. It can lead to a great loss of life. Examples of vulnerability include like; less protection of resources or assets, poor construction of buildings or houses, high level of education or poverty and lack of awareness and information among population (Shaw, Pulhin Joy, 2010). Capacity defines the ability of an individuals and communities to deal with the hazards, which depends on the exposure, level of impact and capacity to adjust in the situation of damage and taken the benefits of opportunities and handle the impacts of alteration. Like concept of vulnerability, capacity is dynamic and it will change according to the situations (Gaillard, 2010). The individuals and communities must have some specific capacities, like; capacity to foresee the risks, capacity to give responds to the natural hazards and capacity to recover or adapt the changes. Resilience can be defined as the capacity to withstand, adapt to or fast recovery from an emergency or disaster situation. According to a research, the communities with the greater ability, who have better access to the social, human, economic and political capital and the people who have the abilities in developing and getting these resources are more resilient in the situation of disaster (Kenney, Phibbs, Paton, Reid Johnston, 2015). There are many researchers, who defined the disaster resilience as an outcome and a process. Outcome has inclined to implement the reactive methods which can serve that situation and take focus from imbalances, which result from disaster. As a process, creating the resilience in situation of disaster includes assisting the abilities of people, communities. Impact of Emergency situations and disaster on local communities Communities play an important role in the emergency situations. At local level, there are so many things, which can be done to fortify the capacity of communities and moderate the impacts of disasters and emergencies. Emergency situations and disaster have large impact on the people of the community. It affects all the classes of community in different way. The people may face the loss of their property and assets, injury and death of their loved ones. Occurrence of droughts affects the rural agricultural sector severely (American Museum of Natural History, 2017). These droughts also have social and psychological impact on the communities, which are engaged in the farming process. There may be some complex emergencies, which have major impact on the public health system. For example, a significant decrease in the resources, changes in the management of heath care services and development of health services delivery. Furthermore, the affected people in the community can be categorized in three groups, like; primary victims, observers and emergency responders. The primary victims are the people, who have been affected by the loss and damage (Johnston, Becker Paton, 2008). The emergency responders are the people, who provide services in the situations, such as; police, medical group, Red Cross and local emergency services. These people support the population in the disaster area. Disaster risk management is a process of utilizing organizations, services and operations to implement the policies and strategies for reducing the negative impacts of emergency situations and disasters, hazards and probability of hazards (Fiilho, 2012). Generally, emergency and disaster management goes through three phases. These phases are; response, rehabilitation and recovery. While the rehabilitation and response efforts are completed in the days or weeks and recovery efforts are conducted in months. This includes redesigning the infrastructure and resettlement of livelihoods (Kelman, Mercer Gaillard, 2012). Conclusion This report has provided overview about the key concepts of emergency and disaster management in New Zealand. This includes the discussion about the hazards, vulnerability and resilience in the context of emergency management. The country is facing various challenges due to disasters, like; foods, landslides, droughts, earthquakes and snowfall. The communities in the country have large impact on the community and other supporting people. The prevention teams in New Zealand are playing an important role in the protection of people, property and infrastructure after the occurrence of disaster. The graph shows the trends in the emergency and disaster occurrence in New Zealand. Thus, an effective risk management is important for handling these risks. References American Museum of Natural History. (2017). Psychological effects of Emergencies. Retrieved from https://www.amnh.org/our-research/natural-science-collections-conservation/general-conservation/emergency-preparedness/emergency-response/psychological-effects-of-emergencies/. Campbell, J. (2009) Islandness: vulnerability and resilience in Oceania. Shima The International Journal of Research into Island Cultures 3(1): 85-97. Edens, J. (2016). Whats the risk of Natural Disaster in New Zealand and around the world? Retrieved from https://www.stuff.co.nz/national/87757267/whats-the-risk-of-a-natural-disaster-in-new-zealand-and-around-the-world. Fiilho, W.L. (2012). Climate Change and Disaster Risk Management. Springer Science Business Media. Gaillard, J.C. (2010) Vulnerability, capacity, and resilience: perspectives for climate and development policy. Journal of International Development 22(2): 218-232. Jorgustin, K. (2012). Disaster and Emergency, Whats the Difference? Retrieved from https://modernsurvivalblog.com/modern-survival-ideology/disaster-and-emergency-whats-the-difference/. Johnston, D., Becker, J., Paton, D. (2008). Building disasterresilient communities: the need for community-based programmes. New Zealand Local Government, 44, pp. 17-20 Kelman I., Mercer J., Gaillard J.C. (2012) Indigenous knowledge and disaster risk reduction. Geography 97(1): 12-21. Kenney, C.M., Phibbs, S.R., Paton, D., Reid, J. Johnston, D.M. (2015). Community-led disaster risk management: A M?ori response to ?tautahi (Christchurch) earthquakes. Australasian Journal of Disaster and Trauma Studies, Vol. 19, pp. 9-20. Lawrence, J. (2016). Implications of Climate Change for New Zealands Natural Hazards Risk Management. Policy Quarterly, Vol. 12, Issue 3. Pp. 30-39. National Center for Disaster Preparedness. (2017). Recovery and Resiliency. Retrieved from https://ncdp.columbia.edu/research/recovery-resiliency/. Paton, D. (2007). Measuring and monitoring resilience. GNS Science Report 2007/18. Wellington, New Zealand: GNS Science. Shaw, R., Pulhin, J.M. Joy. (2010). Climate Change Adaptation and Disaster Risk Reduction: Issues and Challenges. Emerald Group Publishing. Tiwari, A. (2015). The Capacity Crisis in Disaster Risk Management:Why disaster management capacity remains low in developing countries and what can be done. Springer Publications, pp. 53-59 United Nations, Office for Outer Space Affairs. (2015). Risks and Disasters. Retrieved from https://www.un-spider.org/risks-and-disasters. Wilson, E. (2006). Adapting to climate change at the local level: the spatial planning response. Local Environment, 11.