Corporate Risk Management Essay Example | Topics and Well Written Essays - 1250 words

Corporate Risk Management - Essay Example The expenditures of the business in order to compensate the physical damages of workplace and manpower could serve as important inputs in the process of capital budgeting that has the objective to determine the actual net present value and internal rate of return of the business (Shapiro, 2008, p. 42). Firm’s exposure to physical risk The physical risk is the foremost risk that affects the organization and its people. The establishments, factories, plants and buildings in which the business is carried out as well as the employees of the business house are subject to physical risk. The physical risk to the business occurs as result of the uncertainty of the occurrence of unforeseen situations and accidents that badly affects the infrastructure of the business and its entire business set up. The physical risk may occur due to the unfortunate incidents of fire breakout in the company buildings. There may be accidents as a result of the explosions happening inside the workplace (M egginson and  Smart, 2008, p. 63). The companies spend substantial amounts in setting up the business infrastructure. A huge amount of expenditure is incurred by the business in constructing the office set up, the interior decoration and the wooden construction for making the buildings and its rooms suitable for official use. The other expenditures include glass fittings, work place arrangement of improved designs. The corporate look in the offices is due to the standardization of the infrastructure for business that is required to be established in the workplace. The occurrence of fire accidents and small explosions inside the office buildings are huge risks as it destroys the infrastructure for carrying out business operations and also injures or adversely affects the manpower resources of the business. The physical risk for the business may also be due to the spillage of hazardous materials in the workplace. The hazardous materials like the acids, gases, toxic wastes, and toxic fumes could adversely affect the employees of the company which would in turn affect the business operations. Physical Risk consideration in Capital budgeting The capital budgeting techniques are aimed at assessing the feasibility of the business investment in a particular project. The capital budgeting techniques assess the viability of business investments with the help of various approaches that determines the extent to which the business is profitable. The assessment of the business takes into account the risk of the business. The physical risks associated to the business takes into account the several factors of uncertainty that would reduce the net valuation of the business or the expected return from the business investments (Chandra, 2008, p. 96). The consideration of the physical risk is thereby necessary to determine the feasibility of the investments through Capital budgeting techniques. The various capital budgeting techniques used to judge the viability of the investme nt are the Net Present Value method, the Internal Rate of Return, etc. The Net Present value of the business is the actual present value of the business adjusted with the initial investments required for starting the project (Lumby, 1988, p. 84). The Net Present Valu

Media analysis paper examining leadership Essay Example | Topics and Well Written Essays - 500 words

Media analysis paper examining leadership - Essay Example In episode 2 of restaurant impossible, the men’s teams are meeting to chant the way forward on an advertisement campaign to promote restaurant services (Cathy 2014). Robert Irvine who is the project manager depicts a number of characteristics leadership where he portrays a discursive technique by engaging his fellow members. We see Irvine trying to convey direct directives and bringing to the fore challenging questions for other members to ponder and find the best approach to undertake. Irvine comes up with a proposal on division of labour in form of statements, for instance he uses the phrase ‘need’ to assign roles (Northouse 2013). Robert Irvine exemplifies himself as a leader by dominating the floor as the resultant task assigner and spells out his role as the floater. According to the different leadership theories, Irvine portrays that a leader is born and made. In this perspective we find that Irvine is influenced by the situation to stand with his team to make the best alternatives. The situation influences him to stand out as the coordinator of the campaign. This can be cemented by the attributes and the use of ‘okay’ which is an approach that ensures that the members completely comprehend their roles, this is typical to most leaders as a leader as to ensure that the subordinates are ready for the tasks. Irvine displays a high degree of leadership which according to a member of his team is a positive technique (Northouse 2013). In episode 4, Robert Irvine travels to Italy to save a collapsing Italy restaurant. Robert Irvine is recognized as the leader and allowed to adopt all the changes he may require in the group. Robert Irvine accused of trying to curtail the decisions that his team mates makes on the business campaign, a member is quoted saying ‘you’re obviously getting mad that I’m thinking on my own’.