Event Management Essay Example | Topics and Well Written Essays - 2250 words - 1

Event Management - Essay Example It becomes significant for the event manager to consider the influences of an event all through implementing an effective planning process. Event impacts also capture the minds of the organisational members along with the policy makers for evaluating public expenditure on events and to assess any negative externalities (Damster & Tassiopoulos, 2006). The study related to event impacts have been arrived by the requirement to test the positive as well as negative influences of holding an event for the purpose of justifying public spending on events. The positive as well as negative influences can be observed at the time of conducting an event. The impact of event might be felt by numerous stakeholders along with the participants, local businesses as well as host community. There are different ways in which the event is likely to impact. The various areas upon which event are likely to impact include physical infrastructure, environmental, economic as well as tourism impacts, image enhancements and urban renewal. The inspirational power of any sporting event which further tends to be stimulated by media reach recommends the fact that they can be a useful tool in developing the interests of the people towards involvement in sports. It can be affirmed that the perception of an organiser relating to the socio-economic impacts of the f estivals along with other special events tends to possess four main domains such as economic benefits, community cohesiveness, social incentives as well as social costs (Gursoy & et. al., 2004). It can be revealed that the positive inflows of revenues into the country cannot be considered as the only factor towards recognising the success of an event. The negative social influence related to an event can lead to greater damages to the future of an event and the ecological influence might also lead towards premature death of any poorly administered event (Daniels & et. al., 2004). It can be identified that an

Financial Accounting Analysis of Pearson Group Case Study

Financial Accounting Analysis of Pearson Group - Case Study Example The Company operates a variety of pension plans, the largest being the UK Group plan which includes both defined benefit plans and defined contribution plans. It also operates a few smaller defined benefit plans in the U.S [(401 [K)] and Canada. Defined contribution pension plans and post-retirement medical benefit plans (PRMB) are principally for employees located in the U.S. The plan assets for the UK Group plan are held by a trust independently of the Company and hence are accounted for at their net value in the balance sheet as per IAS 19 (European Financial Reporting Advisory Group, 2008). Based on the discount rate of 5.80% (FY06: 5.20%), present value of this obligation was 1,682m (FY06: 1,683m) and the fair value of plan assets were 1,744m (FY06: 1,528). The net value of 62m was carried to the balance sheet as Retirement Benefit Asset. Deficit in FY06 amounting to 155m was reported under non-current liability as Retirement Benefit Obligations. In FY07, the Company contributed 121m (including a special contribution of 100m) to fund this shortfall and disclosed it as a reduction from cash flow from operations. The Management expects to eliminate this shortfall by FY14 and has agreed to further contribute 21m in FY08 and 21.9m per annum thereafter in excess of an estimated 30m of regular contributions. Any further deficit in funding can add significa nt burden on the Company's cash flows from operations. As per IAS 19, service cost of 29m (FY06: 27m) for UK Group plan was charged to income statement as an operating expense. Excess of expected returns on these plan assets over the interest paid on plan liabilities amounting to 12m was reported as finance income. While the expected return was 96m (FY06: 85m), the interest paid was 84m (FY06:78m). The rate used for discounting these plan assets is based on the annualized yield on the iBoxx over 15-year AA-rated corporate bond index. As required by IFRS, the Company has disclosed the details of retirement benefits arrangement for its directors and the assumptions used for estimating the present value of benefit obligations. The expected sensitivity of present value of obligations to changes in discount rate and the changes in the value of plan assets and liabilities are also disclosed under notes to consolidated financial statement. The Company has also reported Retirement Benefit Obligations amounting to 95m (FY06: 95m) under non-current liabilities as their present value of obligations were exceeded the fair value of their plan assets. These liabilities relate to other defined benefit obligation pension plans, US PRMS and other pension accruals. Service costs of these plans amounting to 3m were charged as an operating expense; whereas and the interest on the PRMS liabilities of 2m was recognized as finance expense in income statement. PRMS are unfunded but are accounted for and valued similarly to defined benefit pension plans. The total actuarial gains on defined pension benefit plans and post retirement plans amounting to 80m (FY06: 107m) was directly charged to equity and reported under Statement of Recognized Income and Expense (SORIE). Discount rate for all the U.S plans are based on a U.S bond portfolio matching model, which

Discuss the impact of LUNG DISEASE (excluding that caused by asbestos) Essay

Discuss the impact of LUNG DISEASE (excluding that caused by asbestos) in the workplace - Essay Example Though the air we inhale contains mostly oxygen and nitrogen, it also has things that can damage the lungs. Bacteria, viruses, tobacco smoke, car exhaust, and other pollutants ate present abundantly in air. People with lung disease have difficulty in normal breathing. These breathing problems may prevent the body from getting enough oxygen. It is not a surprise that people with lung disease find it difficult to work as normal people, walk and swim, run or does any other work as normal person. This paper discusses the impact of lung disease in the workplace. By understanding some basics about chronic obstructive pulmonary disease (COPD) and its symptoms, it is possible to analyses its impact on the every day work or its impact on the workplace. COPD is a condition in which the air passages are damaged, leading to shortness of breath and increased coughing. Emphysema and chronic bronchitis are forms of COPD. In the case of emphysema, the lung’s air sacs loose their elasticity. As a result of this the exchange of oxygen to carbon dioxide becomes very difficult. Additionally, the air sacs are often damaged, leaving fewer of them to do the work. These factors result in the shortness of breath and make it very difficult for a person to perform normal work. Chronic bronchitis is another form of COPD. In this case the small airways within the lungs become inflamed and harden over time. Besides the cilia which are the small protective hairs that clear mucus also losses its effectiveness and the mucus glands enlarge. The narrowed airways together with increased mucus cause congestion and coughing and make it more difficult to breathe. There are many who have both emphysema as well as chronic bronchitis. Most people with these diseases find breathing trouble to be the most problematic among the symptoms (Wilkinson, 2002). According to studies it is said that COPD is the only primary cause of death that is ever-increasing in occurrence. Even though it is a well known

Islamic banking and financial in a global economy Assignment

Islamic banking and financial in a global economy - Assignment Example This growth is conspicuous from the emergence of new Shariah compliant instruments in various asset classes, ranging from equities, real estate, commodities and private equity (not bonds as interest bearing instruments are considered prohibited (haram)). Estimates suggest that since 1990, the market size of the Islamic Finance has multiplied five times from USD 150 billion to USD 900 billion in the year 2008; whereas it is expected to more than double at USD 2 trillion by the year 2010. The main markets currently involved in the Islamic finance and banking across the globe comprises mainly the active participation from the GCC countries, followed by Middle Eastern and North African countries. Slowly and gradually European states, Australia and other American states have started penetrating the market with wild growth rates. It is noticeable from the onset of Shariah compliant banking units of Citigroup (America), HSBC (Britain), and Deutsche Bank (Germany). As opposed to conventional banking, Islamic banking has its roots in the core values of the religion, Islam. Where, Islam itself is the way of life and conduct of living, the underlying theme of the Islamic Financial system is application of ethics and discipline to the banking and finance sector. It is not so simple; it does not only prohibit usury/interest (money on money), but aims at eliminating unjust behavior for the development of an equitable economy. Prohibition of interest, avoidance of uncertainty and contingency, restrictions on short selling, sharing in profits and losses are the core principles governing Islamic finance; it also places restrictions on financing sectors that engage in illegal and illicit activities – such as alcohol and tobacco, gambling, arms and ammunition, pornography and acts that are harmful for the environment. For the avoidance of all these prohibit able acts and indulgences, the community of Islamic shariah scholars have come up with

An Outline for Malden Mills Complex Coursework Example | Topics and Well Written Essays - 750 words

An Outline for Malden Mills Complex - Coursework Example The downside effect of his decision is that he lost a lot of money. On the face of his decision, Malden Mills was viewed as a company with a human face, whose main objectives were not only making a profit but also maximizing the employees’ welfare and the community at large. It’s also because of this gesture that Malden Mills was able to get a tender from the Department of Defense to manufacture high-performance apparel for its military. This contract was able to get them out of bankruptcy. Ironically, the very merits for which Malden Mills is lauded among CSR advocates are also the main causes of Malden Mills’ bankruptcy (which left its former creditor GE Capital its largest shareholder) and of Feuerstein’s fall from management. Malden Mills was a capitalist firm in competitive environment structure. Continuing to maintain idled workers expanded the cost structure of Malden Mills. Lump sum compensation for the workers would have been the ideal solution in such a situation if I were the president of Malden Mills. Feuerstein’s philosophy captures human resources management at the pick of its effectiveness. He did not allow a devastating fire to shut Malden Mills down. With the help of a people-focused leader, Malden Mills displayed tenacity, loyalty and dedication in its decision to rebuild. He made a decision - one that others in the textile industry found hard to believe. Feuerstein decided to rebuild right there in Lawrence - not to move down South or overseas as much of the industry had done in search of cheap labour (Leung, 2009). The company may have filed for bankruptcy twice but what Feuerstein did for the Malden Mills staff opened a new leaf in the field of human resources management. Though not talked about, Malden Mills had a very strong HRM team that was able to stand by it until it was rebuilt.   A private company is owned by the company founders, a group of private investors or the management.  

The Saxophone in Jazz Music Research Paper Example | Topics and Well Written Essays - 1250 words

The Saxophone in Jazz Music - Research Paper Example The invention of the saxophone is credited to a Belgian by the name, Antoine-Joseph Sax. Adolphe was born on 6th November 1814 and gained interest in musical interest from his father Charles. Adolphe’s father was a professional craftsman of musical instruments. To this end, Adolphe became an expert craftsman of musical instruments when he was just six years old. Some of his notable specimens included clarinets and flutes. Moreover, he devoted more time to studying these two instruments at the Brussels Conservatory. As a result, Adolphe noticed that there was a difference in tone between woodwinds and brasses. Evidently, he discovered that woodwinds were being overpowered by the brasses. Moreover, he equally noted tonal differences between the winds and strings whereby the latter was overpowered by the former. Consequently, Sax identified the need to invent a new instrument that achieved some semblance of balance between the strings, brass, and woodwinds. He envisioned a sound that combined the brass tone from the trumpet and the woodwind sound from the clarinet. As a result, Adolphe innovatively incorporated the mouthpiece from the woodwind and the structural form of the brass instrument. The end product was the saxophone.To this end, the pioneer saxophone was a C bass which Sax displayed to the prominently renowned composer, Hector Berlioz in 1841. Berlioz was mesmerized by the versatility, dynamic control and unique tone of the saxophone. As a result, in 1842, Adolphe migrated to Paris to publicize his saxophone.... Consequently, Sax identified the need to invent a new instrument that achieved some semblance of balance between the strings, brass and woodwinds. He envisioned a sound that combined the brass tone from the trumpet and the woodwind sound from the clarinet. As a result, Adolphe innovatively incorporated the mouth piece from the woodwind and the structural form of the brass instrument. The end product was the saxophone. To this end, the pioneer saxophone was a C bass which Sax displayed to the prominently renowned composer, Hector Belioz in 1841(Koenig 295). Belioz was mesmerized by the versatility, dynamic control and unique tone of the saxophone. As a result, in 1842, Adolphe migrated to Paris to publicize his saxophone. At around the same time, an article entitled ‘Journal des Debats’ was published by Hector Belioz. The article described Adolf’s innovative saxophone in depth. Consequently, by 1846 Adolphe Sax was officially recognized as the owner of the saxophon e when it was exhibited in public during the Paris Industrial Exhibition. Moreover, in 1844 a concert organized by Hector Belioz and known as the Chante Sacre featured the saxophone for the first time. However, it was the opera of the ‘Last King of Juda’ that marked the orchestral debut of the saxophone. Apparently, Adolphe proposed a contest between bands. The contest pitted his army band composed of saxophones against another one that was composed of traditional instruments. Evidently, Adolphe’s band carried the day and hence proved that saxophones had the capacity to improve the quality of tone in all the bands. By 1845, the B and E flat saxophones replaced the French horns, oboes and bassoons that were used in French military

How to bee agood leader Essay Example | Topics and Well Written Essays - 1250 words

How to bee agood leader - Essay Example My research has shown me that task oriented skills as well as communication and interpersonal skills are very much necessary for effective team leadership. Similarly, facilitating the group processes is a significant role of the team leader and timely execution of the task necessitates proper planning, organization, coordination, decision making and problem solving skills, motivation, and sharing of roles from the part of the team leader. Besides, as a team leader I should be a good listener and communicator. I need to communicate my visions to the team members while listening to their valuable suggestions. As my major is in electrical engineering I would prefer to assume a team leader position in electrical engineering. I am aware that electrical engineering involves a lot of technical skills and that collaborative team work is very much essential while undertaking complex projects. Being a team leader is quite challenging as it offers one a unique opportunity to exercise one’s leadership qualities, communication, interpersonal and persuasive skills. For me, it is like a dream come true as I have always yearned to assume a leadership role where I can unleash my potentials. An effective team leader, in my opinion, understands the potentialities and competencies of his team members and inspires them to achieve the organizational goal. The team is most likely to benefit from my leadership as I am aware of the team processes and will make all possible efforts to expand the team capabilities through collaborative team work. Promotion as the workplace team leader has, in fact, increased my responsibilities and roles within the organization and this has prompted me to have greater understanding of the essential qualities of an effective team leader. Bachiochi et al, while reviewing the literature on team leadership, point out a number of qualities required of a successful team