Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Baderman Island Resort Risk Assesment - Article Example

Comments (0) Cite this document
For Baderman, the aim of risk assessment is to analyze possible risks and threats, weaknesses and outcomes of the proposed solutions. Risk assessment will begin with identifying variables relevant to a firm's strategic situation, along with their causal interrelationships…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.9% of users find it useful
Baderman Island Resort Risk Assesment
Read TextPreview

Extract of sample "Baderman Island Resort Risk Assesment"

Download file to see previous pages It is also time consuming. The implementation of information systems to achieve a competitive advantage is a perfect example of a situation in which firms and governments find themselves investing a lot to enjoy a marginal ROI. If achieving a competitive advantage were easy, then a firm's competitive advantage would be no advantage. There are also risk and uncertainty in the implementation of information systems (Grey, (1995).
One approach to strategy selection is the "Z" model of strategy assessment. In table 1 (see appendix), the arrows illustrate an increasing degree of risk as they follow a z-shaped path. That is, starting with existing services and clients, there is increased risk in attempting to cultivate new clients; there is even greater risk in attempting to develop new services; and there is the greatest degree of risk in attempting to develop new services for new clients. In the case of a strategic issue for economic development, the dimensions might be cost versus return on investment (Grey, (1995). If a new software is being installed, it has a high cost and low return on investment. If a small amount of expenditure encourages improvement in performance and productivity leading to improved service and customer satisfaction, , C might be the best alternative. t is important to use objective criteria to assess competing strategies so as to determine their individual cost/benefit and to gain some information about their potential risks. The purpose of this analysis is to provide alternative approaches to use for making such assessments (Grey, 1995).
In addition to this mode, a traditional rank possible strategies to address key strategic issues along certain dimensions. This risk analysis will consist of four steps: The first step is to identify a treat. Traditionally, managers prefer to maintain the status quo rather than subject their firms to the downside risk of failure, even at the expense of losing market share. Gaining market share is the upside potential of investing heavily in IT. New information technology results resolutely from changes in strategy. Reducing resistance to change again requires investing in human, financial, and time resources (Grey, (1995). At this stage, a special attention will be given to such possible weaknesses as time of installation and limitations of the proposed software, its weaknesses and possible breakdowns. Also, the management will calculate budget expenditures required for additional services and additional training of staff.
The second step is to identify who might be harmed and how. Fortunately, the global business environment and fierce overseas competitors now focus managers' attention on computer and information resources. Firms and governments that challenge their managers to tap the potential of these resources are gaining a competitive advantage. These successes press status quo champions to change their attitude (Grey, (1995).
The third step is to analyze risks and develop contingency plans. Contingency planning provides a course of action for unplanned events. Contingency plans are preparations to take specific action(s) when an event not planned for in the formal planning process takes place. As the definition states, events in the business, political, or even personal worlds of employees and decision makers can have an effect upon ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Baderman Island Resort Risk Assesment Article Example | Topics and Well Written Essays - 750 words”, n.d.)
Baderman Island Resort Risk Assesment Article Example | Topics and Well Written Essays - 750 words. Retrieved from
(Baderman Island Resort Risk Assesment Article Example | Topics and Well Written Essays - 750 Words)
Baderman Island Resort Risk Assesment Article Example | Topics and Well Written Essays - 750 Words.
“Baderman Island Resort Risk Assesment Article Example | Topics and Well Written Essays - 750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Baderman Island Resort Risk Assesment

Los Angeles International Airport Risk Assesment

...? of the Los Angeles International Airport Risk Assessment (LAX) Introduction Risk reduction, a consequent of mortality injury and facility damages is always the major objective of policy for transport security. The systematic risk assessment, formulation of targets and strategies for its diminution with respect to safety measures and strategies and assessing the progress towards the set targets are playing a significant role in setting, formulation and execution of transport safety policy across the modes. Risk assessment varies from interpretation of data based on numerous and regular occurrences or vents to the approximation of the probability of very atypical events, amalgamated in each scenario with the measurement of exposure to risk...
20 Pages(5000 words)Essay

Risk Assesment Paper

...? Risk Assessment Introduction Risk assessment is the measure which is adopted by the individuals in protecting the environment from various aspects like accidents, diseases and pollution. The measures that are adopted should follow the social and environmental norms. The measures should not be expensive and before taking into consideration the measures should be clarified in keeping with the political concern so that individuals can get the permission to implement the steps. Generally, there are four steps which present the risk assessment such as hazard identification, dose-response, exposure and risk characterization (Davis, Hickox, & Denton, 2001). The objective of the paper is to discuss the insecticide which will be implemented...
3 Pages(750 words)Essay

Risk Assesment : Germany

...? Risk Assessment: Germany Germany has a modern, flexible, competitive, and a very distinct economy, with a recognized potential to absorb huge financial and economic shocks. Due to low credit growth rate and inflation in asset prices, economic imbalances are few in the history of German’s exterior credit situation. As a major export-run nation, Germany continues to be exposed to changes in the domestic economy, capital markets, world economies, and trade flows. Risk Assessment: Germany Introduction The purpose of this paper is to assess the suitability and stability of Germany for both the United States Government and foreign private sector investment. Major areas to be evaluated include cultural affinity, political stability...
5 Pages(1250 words)Research Paper

The Baderman Island Resort

...Running Head Boardman Management Boardman Management The Baderman Island resort depends on effective IT management and software applications.In order to understand current needs and demands of the organization, it is important to provide Smith Systems Consulting with reliable and objective information about the company and its needs. The main areas of involvement will be: management functions and service provision. The idea is to familiarize Smith Systems Consulting with current operations and structure of the word processing software, and inform the consultant about future goals and strategic directions of the company. The word processing software should be effective for future strategic growth of the company and its development...
3 Pages(750 words)Case Study


...Structuring and managing work – exceeds standard I am highly creative professional who likes to take initiatives and meet deadlines. My work in the area of resource mobilization for development funding and media channels has equipped me with huge experience of not only meeting challenges from the unexpected quarters but it has also greatly facilitated in taking up hypothesis driven approach with creative inputs so as to improve and improvise the performance outcome. I like to follow a time based schedule and ensure quality through regular feedback processes. Since the work involves teamwork, I like to build relationships based on mutual trust and confidence so that problems are identified and solved efficiently and workplace... and managing...
5 Pages(1250 words)Essay

Risk Assesment

...Risk Assessment Risk Assessment The Preparedness Stage Poverty and high population are some fundamental factors that delay preparation of an upcoming event in which monetary resources are necessary. In the emergence of the Hurricane Katrina, the preparation stage involved the evacuation of the people by the state. However, individuals with transport means left the city on their preferred schedule. Since the city of Florida had a high population, over 100, 000 individuals had no transport means to leave the city. Consequently, this population faced the storm causing many deaths. Fundamentally, poverty and high population were the major obstacles to timely preparedness. If the 100, 000 people were financially well off, they would have left...
1 Pages(250 words)Essay

High-Risk Family Risk Assessment

...On any given day 800,000 people are homeless in the United s and homelessness is one such high risk family group amongst others (Moses, n.d Families with children are the fastest growing segment in the homeless population. Nearly one-quarter of the homeless population comprises of children. The reasons for homelessness could be with structural or individual. Structural reasons include social assurance in the form of social security or insurance or mental health support (Burt et al., n.d.). Due to the rising economy, increased rent has made accommodation out of reach of the poorest Americans. Currently thirty-one million people live in poverty in America and when unable to pay the rent, streets and homeless shelters are the only alternative...
6 Pages(1500 words)Term Paper

Risk Management of Space Tourism

The necessitates that adventure tourism is encouraged but after incorporating certain lessons learned in the process. Adventure tourism has led to advancements in technology. The economy of the region experiences growth and the cultural identity of the region remains intact. Risk and safety management has to be enforced through Codes of Conduct which could differ across sectors. Space tourism will result in positively impacting the economy and society while the environmental impact is minimal. Risk management, in this case, has been taken care of and this could bring about an absolutely new dimension in the field of adventure tourism.

The human mind is creative and forever looks for change, challenge, and adventure. Hum...
12 Pages(3000 words)Case Study

Project Risk Assessment: Qualitative Versus Quantitative Approach

The risks may vary in terms of nature or scope according to the situation. So since the risk is so common in project management, a very important aspect of managing a project is analyzing all the possible risks that are associated with that particular project. It makes no sense of going on with a project and not giving a thought to the risks that could affect the success. Once these risks are analyzed, the project manager will have all the possible risks in front of him. He will know the degree of risk and also the benefits that the organization will get if the risk is taken. Therefore only after a risk analysis, the project manager is in a position to conclude whether or not it is worth taking the risk and going on with a certain...
6 Pages(1500 words)Assignment

Three Mile Island: Crisis Management

... each contributed differently to the efforts to contain a catastrophe. Three Mile Island There was no warning that the pressurized reactor was going to experience a meltdown, making Three Mile Island a rapid onset crisis. Believing that the radioactive materials were being housed properly and that containment measures were in place, the workers and managers of that day were quite surprised when alarms began ringing that there was a problem with one of the reactors. Workers believed that the warnings were just the product of a system glitch and went about their daily business of providing power to the local region (, 1979). As time went by, the plant workers began to realise that there was risk of the core dropping...
6 Pages(1500 words)Term Paper

The Relationship Between Security, Risk and Health in a Large Organisation

...The relationship between Security & Risk and Health & Safety in a large organisation "Assess the relationship between Security & Risk and Health & Safety in the context of a large organisation. Are they complimentary or the demands of one conflict with or inhibit the realisation of the other? Identify and discuss the implications of your assessment for the roles of the security manager". 1. Introduction The development of commercial activities worldwide has been extremely rapid; firms operating in various industrial sectors need to confront a series of challenges in order to ensure the limitation of risk related with their strategic initiatives. Within this context, the issues of security, risk, health and safety are very likely to appear...
9 Pages(2250 words)Coursework

Heavy Menstrual Bleeding, Its Treatment and Risk

... of Faculty of …….. Heavy Menstrual Bleeding, its treatment and risk Case Study of the patient of patient: Diagnosis of patient: Multiple fibroids in the intramural and sub serous walls. Differential Diagnosis: Dysfunctional Uterine Bleeding, Chronic PID, Hypothyroidism Complications: Anaemia, Uterine Obstructions ( hydronephrosis) Name of Student: Group No: Date: Heavy Menstrual Bleeding The case history of the patient indicates many details that are very useful in diagnosing and providing the adequate medical assistance...
6 Pages(1500 words)Case Study

The Issue of Business Risk

...Introduction The large scale corporate scandals such as Enron and WorldCom and the current economic crisis has resulted into the debate regarding theeffectiveness of the audit as the valid tool to critically analyze and expose the illegal and imprudent management and accounting practices that have resulted into the losses for the shareholders. The development of approaches such as Business Risk Audit was one of the manners in which audit community as a whole attempted to bring in a new and more refined approach to audit in order to overcome the traditional weaknesses of the audit tools and also cope with the increasing complexities of the modern business. This new approach was based on assessing the risk in business as well as process...
6 Pages(1500 words)Literature review

Hazard Identification Risk Assesment and Control Procedure

Somewhere down the lane, the road terrain slopes towards the side of the closest mountain, and indeed this leads to narrow pathways, though perfectly trodden, but loosely hanging on the side of the mountain. Just beneath the mountain, a slope curves downwards to join with the one at the base of the opposite hill to form a valley. This is also inhabited by twenty villages in estimates. The area is set up in a polar region, where it often snows in winter.
The car in question for this context is the Mitsubishi Eva. The automobile is designed by various sophistication mechanisms, for instance, the automated controller button. This is a mechanism that detects any dysfunction in the engine system. It makes it more efficient by being...
7 Pages(1750 words)Case Study

Risk Management

Financial risk is the risk of getting losses because of market changes or the operations of competitors in the market (Das, 2006 ) On the other hand, operational risk refers to those risks of losses due to non-financial business inputs, outputs, and operations. Operational risk can be further classified into pure and speculative risks. Pure risks are those that on occurrence lead to loss and if they do not occur, they would not lead to any profits either. Speculative risks are those kinds of risks whereby on occurrence they lead to a loss but when they do not occur, they lead to profits (Das, 2006). These two kinds of risks occur on a daily basis in any market situation and each business unit needs preparation for them.
7 Pages(1750 words)Term Paper

Indoor Air Pollution as a Risk Factor for Lung Cancer

...Executive Summary In the UK, most individuals spend over 80% of their time completing activities in indoor environments, such as schools, offices, private homes, shopping centres, hospitals, day care and so on. Therefore, an assessment of the health risks associated with contaminated air is essential to assist stakeholders in taking the appropriate measures to promote strategies for reducing the emissions of appliances, controlling indoor emissions and individual exposure to harmful emissions. This study examines the relationship between gas stoves and household heating appliances and their contribution to the emission of nitrogen dioxide, and thus the health risk they pose to the human respiratory system. However, the approaches used...
12 Pages(3000 words)Assignment

Texting While Driving: A Life at Risk Behind the Wheels

...First and and Section Number of Assignment Texting While Driving: A Life at Risk Behind the Wheels Introduction Mobile devices have become not just an integral but an inevitable part of everyday lives. The vast number of purpose they serve, apart from being simply a means of communication, makes it almost impossible not to use them in a day, sometimes even in a minute. One would check his cellular phone every so often regardless of how important the task at hand is or how limited the time left to spend with valued people. At times, if it is not possible to do two things at the same time, then even for a fraction of a second, the mobile phone somehow comes first. This is where the problem begins. Setting aside the social and work-related...
7 Pages(1750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Article on topic Baderman Island Resort Risk Assesment for FREE!

Contact Us