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There is a growing recognition that flood risk can be mitigated making space for water through sustainable management. Management of Flood has started considering dilemmas, challenges, and problems” (Begum, et al., 2007). Vulnerability and Flood risk is increasing due to changes in land use and development in flood prone districts as a result of socio-economic demand, changes in climate and rainfall pattern, increasing frequency of extreme events (Begum, et al., 2007).
Jeddah is the most cosmopolitan and second-largest city in Saudi Arabia and the gateway to millions of Muslims who want to go to the holy city of Makkah. Jeddah city, which is the main porter of the country’s wealth, the largest seller of oil in the world at all times, and which has paved the way for single currency in the Gulf with its emergence as the second largest bloc in the monetary world, was affected by heavy rains. The rains which lasted for no more than two days caused massive flooding. This flood caused the deaths of more than 120 citizens (al-Ahmed, 2009). To lessen the embarrassment caused by these deaths, spokesperson and media reports reduced the number of flood deaths in the first four days to less than 80 citizens.
(Abumansour, 2009) This massive flood was the strongest natural calamity that Saudi Arabia has seen in its history which is less than 100 years old. However the actual reason for destruction and death that occurred in November 2009 is the corruption in some of the sectors of the municipalities in Jeddah.
More than four million citizens live in this city and the city still lacks treatment facility and a sewage system. Hundreds of bodies were found during flood rescue operations and some were registered as missing. The main street going to the Holy City was blocked with hundreds of cars floating in the water. The cars were dragged by the water that could not
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The risk management practices also aim to maximize the realization of opportunities. The effectiveness in risk management practices determines the performance level of an organization. Similarly, persons at the helm of affairs of risk management team must be capable dealing with any contingency equanimously.
Operations risk management involves the actual risks of company operations. The overall ethic of risk management is referred to as the risk culture of a company. A Strong Risk Culture The general features of a strong risk culture include leadership and management.
With an ambition to be the leader in world air travel business, emirates Airline has over the years put in place measures and strategies that ensure that its cherished customers are give the very best of service. Part of these services is the practice of ensuring safety and security.
The first is that of addressing uncertainty explicitly. Through defining risk and expressing it explicitly, the risks have value and can be addressed for the specific meaning to the organization. The second is through tailoring the risk management to the needs of the organization so that it is relevant.
The investments in housing, real estate and properties were lucrative in the initial days. The investors had the opportunity to multiply their amount of investment in a short period of time due to appreciation of prices of the land properties. In addition to that the US government also passed laws to ensure that all the citizens of US irrespective of their financial status should have land ownership rights.
While the course has offered diversified elements of risk management, I considered some lessons and themes more significant. This paper identifies the important themes and makes recommendations to the U.S. government, the Federal Reserve, and large multinational manufacturer of consumer personal care products for coping with risks over the next 1-3 years.
It accompanies policy driven actions. Systemic risk is not restricted to the national borders. They are not able to be managed through the events of a single sector (J. Vaughan & T. Vaughan, 2012). They need healthy approach to governance to be managed adequately.
7-Eleven is headquartered in Dallas, Texas and it has various subsidiaries in different locations which are operated by in excess of 45,000 of its employees. The organisation is further recognised as one of the
With the many examples of risks provided by the speaker such as mountain climbing, it is easy to make out what the speaker is bringing out in their speech. Through the speech as well, one can easily plan on how to handle with risks that
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