Is Schizophrenia A Class Of Mental Disorders - 1119 Words

Schizophrenia is a class of mental disorders often symptomatic of a broad spectrum of behaviours which ultimately fail to determine what is real. Some of the symptoms that make up the spectrum of schizophrenia include hallucinations, invalid or illogical beliefs or thought processes, and abnormal social expression. It is worth noting that schizophrenia does not mean multiple personality disorder but rather a separating of mental function and is also rarely diagnosed separately but along with other conditions, such as depression, mania, and anxiety disorders. As to the causes of schizophrenia, both genetic [1] and environmental factors [2] have been found to influence the progress of schizophrenia, but there is still much which is unknown†¦show more content†¦counselling) and antipsychotics. Antipsychotics do not cure the subject of their psychosis but merely treat the positive symptoms by mainly blocking the dopamine receptors in the brain. Hence, new drugs and treatments ar e continuously in the pipeline to find a drug that manages the symptoms of schizophrenia with relatively few (preferably none) side-effects. Antipsychotic drugs are classified as either typical or atypical, based on their relative potency and side-effects. This classification is usually substituted with referring to typical as first generation and atypical as second generation, due to atypicals comparatively safer side-effects. However, it has been argued that due to the severe side-effects of both, the amount individual variation between psychotic patients, the patient’s tolerance to individual drugs, and the fact that antipsychotics treat symptoms rather than the psychosis, it might be better to class the drugs in regards to their mechanisms rather than their relative potencies [6][7]. Typical antipsychotics antagonise the D2 receptors and atypical antipsychotics target the D2 receptors among others (e.g. D3 and 5HT2 receptors). Currently, the main drugs used to treat schizophrenia include clozapine, risperidone and haloperidol. It is still debatable which class, as stated above, whether typical or atypical antipsychotics are better and produce relatively safer side-effects among

Business Strategy-Kfc Company Overview 1 - 1080 Words

KFC Company Overview KFC Corporation (KFC, founded and also known as Kentucky Fried Chicken) is a chain of fast food restaurants based in Louisville, Kentucky in the United States. KFC has been a brand and operating segment, termed a concept[2] of Yum! Brands since 1997 when that company was spun off fromPepsiCo as Tricon Global Restaurants Inc. KFC primarily sells chicken pieces, wraps, salads and sandwiches. While its primary focus is fried chicken, KFC also offers a line of grilled and roasted chicken products, side dishes and desserts. Outside North America, KFC offers beef based products such as hamburgers or kebabs, pork based products such as ribs and other regional fare. The company was founded as Kentucky Fried Chicken by†¦show more content†¦Business Unit Strategy - is concerned more with how a business competes successfully in a particular market. It concerns strategic decisions about choice of products, meeting needs of customers, gaining advantage over competitors, exploiting or creating new opportunities etc. Operational Strategy - is concerned with how each part of the business is organized to deliver the corporate and business-unit level strategic direction. Operational strategy therefore focuses on issues of resources, processes, people etc. Strategic Management In its broadest sense, strategic management is about taking strategic decisions - decisions that answer the questions above. In practice, a thorough strategic management process has three main components, shown in the figure below: Strategic Analysis This is all about the analyzing the strength of businesses position and understanding the important external factors that may influence that position. The process of Strategic Analysis can be assisted by the number of tools, including: * PEST Analysis - a technique for understanding the environment in which a business operates. * Five Forces Analysis - a technique for identifying the forces which affect the level of competition in an industry. * Market Segmentation - a technique which seeks to identify similarities and differences between groups of customers or users. * Directional Policy Matrix - a technique which summarizes theShow MoreRelatedJob Analysis And Talent Management Essay1422 Words   |  6 PagesROYAL BUSINESS COLLEGE Image MARKETING LEVEL – 7 Human Resources Management HRM 7010 Report By Dhanekula Vinay (C2266) SaiRam Koduru(C2275) Simranjeet singh (C2279) Tables of contents Page numbers Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.2 Company overview†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...2 Job analysis and talent management†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.2 Recruiting process†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreCase Study : Royal Business College Essay1414 Words   |  6 PagesROYAL BUSINESS COLLEGE Image MARKETING LEVEL – 7 Human Resources Management HRM 7010 Report By Dhanekula Vinay (C2266) SaiRam Koduru(C2275) Simranjeet singh (C2279) Tables of contents Page numbers Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.2 Company overview†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...2 Job analysis and talent management†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.2 Recruiting process†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.3 Methods of recruitingRead MoreJob Analysis And Talent Management Essay1391 Words   |  6 Pages Tables of contents Page numbers Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.2 Company overview†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...2 Job analysis and talent management†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.2 Recruiting process†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.3 Methods of recruiting and sources†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.3 Selection practice†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...4 Interviewing candidates†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.5 Performance management/training†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.5 Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreKfcs Big Game of Chicken1081 Words   |  5 Pagesfood industry, KFC has gained a substantial global recognition and developed multinational operation in past decades. 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The Glaze Storms of 1998 Free Essays

string(37) " forest ecosystems in North America\." Ice storms, also referred to as glaze storms, cause considerable damage every year to trees in urban and natural areas. They vary considerably in their severity and frequency. Ice storms are result of the ice formation process, which is influenced by general weather patterns. We will write a custom essay sample on The Glaze Storms of 1998 or any similar topic only for you Order Now Ice accumulates when super cooled rain freezes on contact with surfaces, such as tree branches, that are at or below the freezing point (0’C). This generally occurs when a winter warm front passes through an area after the ground-level temperature reaches or falls below freezing. Rain falls through layers of cooler air without freezing, becoming super cooled. Periodically, other climatic events, including stationary, occluded, and cold fronts, also result in ice storms. The purpose of this paper is to gain a better understanding of the1998 ice storm. This paper features three main section: An introduction, the main body (damage to woodland), and finally, a conclusion. In the main body of this paper, the effect of fire and pest/disease is discussed in detail. In the conclusion, comparison is made between fire and pests/disease versus ice storm. By the end of this paper, one should gain a better understanding of the severity of the 1998 ice storm as well as other damaging agents that affect the woodland in eastern North America Ice storms are often winter’s worst hazard. More slippery than snow, freezing rain or glaze is tough and tenacious, clinging to every object it touches. A little can be dangerous, a lot can be catastrophic. Ice storm in Northeastern America has been common but the 1998 ice storm was exceptional. Ice storms are a major hazard in all parts of Canada except the North, but are especially common from Ontario to Newfoundland. The severity of ice storms depends largely on the accumulation of ice, the duration of the event, and the location and extent of the area affected. Based on these criteria, Ice Storm’98 was the worst ever to hit Canada in recent memory. From January 5-10, 1998 the total water equivalent of precipitation, comprising mostly freezing rain and ice pellets and a bit of snow, exceeded 85 mm in Ottawa, 73 mm in Kingston, 108 in Cornwall and 100 mm in Montreal (Environmental Canada, Jan 12/1998). Previous major ice storms in the region, notably December 1986 in Ottawa and February 1961 in Montreal, deposited between 30 and 40 mm of ice – about half the thickness from the 1998 storm event! (Environmental Canada, Jan 12/1998). The extent of the area affected by the ice was enormous. Freezing precipitation is often described as â€Å"a line of† or â€Å"spotty occurrences of†. At the peak of the storm, the area of freezing precipitation extended from Muskoka and Kitchener in Ontario through eastern Ontario, western Quebec and the Eastern Townships to the Fundy coasts of New Brunswick and Nova Scotia. What made the ice storm so unusual, though, was that it went on for so long. On average, Ottawa and Montreal receive freezing precipitation on 12 to 17 days a year. Each episode generally lasts for only a few hours at a time, for an annual average total between 45 to 65 hours. During Ice Storm’98, it did not rain continuously, however, the number of hours of freezing rain and drizzle was in excess of 80 – again nearly double the normal annual total. One of the most appealing features of Eastern Ontario is the extensive forest cover. This is made up of woodlands of varying structure. These woodlands, as well as natural fencerows, windbreaks, and plantations of pine and poplar, dominate the landscape. Icing impacts may best be understood by treating spatially larger scales, starting with individual trees, proceeding to stands, and finally to forest landscapes. Ice damage to trees can range from mere breakage of a few twigs, to bending stems to the ground, to moderate crown loss, to outright breakage of the trunk. In the 1998 Northeastern ice storm, icing lasted long enough that many trees which were bent over had their crowns glued to the snow surface by the ice in many instances for as long as 3 weeks. Some of those trees actually erect posture after release from the snow, while many others remain bent over after 2 years. The severity of damage is generally believed to be closely related to the severity of winds following the heaviest ice accumulations. Damage varies across a range of severity and subtlety: minor branch breakage; major branch loss; bending over of crowns; root damages; breakage of trunks and in some hardwoods, trunks can be split. Depending on the stand composition, the amount of ice accumulation, and the stand history, damage to stands can range from light and patchy to the total breakage of all mature stems. Complete flattening of stands occurred locally in the Northeaster 1998 storm. In response to more moderate damage, effects on stands could include: shifts in over story composition in favor of the most resistant trees; loss of stand growth until leaf area is restored; and loss of value of the growth due to staining or damage to stem form. The term landscape refers to a ‘group† or a ‘family† of trees. I use the term vaguely because the size and composition of landscapes differ from region to region. The degree of damage is typically highly skewed by area. For example, in the January 1998 Northeaster storm, 1,800,000 ha of damage in Quebec was assessed by the Ministry of Natural Resource: very severe 4.2%, severe 32.0%, moderate 29.9%, and slight/trace 33.9% (The Science of the Total Environment, Volume: 262, Issue: 3, November 15, 2000, pp. 231-242 ). The effects on entire forest landscapes are highly patchy and variable. They also depend significantly on how landowners respond to the damage. Disturbance caused by diseases, by themselves or in conjunction with disturbance by insects, abiotic factors such as drought, fire and wind, and, increasingly, human activities, has played a critical role in the dynamics of many forest ecosystems in North America. You read "The Glaze Storms of 1998" in category "Essay examples" In the predominantly coniferous forests in western North America there are considerable areas undisturbed directly by human activities. In these areas, diseases kill trees or predispose them to other agents of disturbance, resulting in gradual change in stand composition and structure. In areas disturbed by forest management practices of harvesting or exclusion of fire, increased disease incidence and severity has increased the damage caused by disease, and consequently, the rate of change. In the absence of introduced diseases in the predominantly deciduous forests of the Appalachian region of eastern North America, forests are relatively healthy. Here, forests are disturbed significantly by disease only after they are disturbed or stressed by other agents, predominantly defoliating insects and drought. In the eastern montane coniferous forest, chronic wind damage is a major predisposing factor to disease. Past harvesting practices, introduced diseases and insects, and fire exclusion have in some instances resulted in large areas of similar species and relatively similar ages that exacerbate the magnitude and severity of disturbance by disease. Fire is predominantly a natural phenomenon that burns the forest vegetation, polluting the ozone and wiping out the biodiversity. One major distinction between ice storm and forest fire is the way disaster are caused. The majority of forest fire could arguably be a result of human action and ice storm as an ‘act of god,† an act that is out of human control. Foresters usually distinguish three types of forest fires: ground fires, which burn the humus layer of the forest floor but do not burn appreciably above the surface; surface fires, which burn forest undergrowth and surface litter; and crown fires, which advance through the tops of trees or shrubs. It is not uncommon for two or three types of fires to occur simultaneously. Forest management has been able to reduce the occurrence of this event but many forest fires are out of arm†s length. Humans cause the majority of forest fires. Campers that do not put out their bond fire or campers littering lit cigarette bud are responsible for such an action. Natural occurrence such as lightning could spark a forest fire but the probability is small compared to human action. The convention way of putting out or reducing the spread of forest fire has been airliners. These airliners are filled with gallons and galloons of water. With limited capacity, these airliners fly above the flame and deposit galloons of water. For the purpose of this paper, deforestation simply means the lost of trees where the lost of trees exceeds the level of sustainable development. One of the major effects of forest fire is the burning of carbon dioxide into our atmosphere. This eventually creates a greenhouse affect and global warming. The effect damages our ecosystem as well as reduces one of Canada†s precious natural resource. Many projects, both from government funding and corporate sponsors, have done a good job increasing the awareness and risk related to deforestation. Pests directly affect the quantity and quality of forest nursery seedlings and can indirectly cause losses by disrupting reforestation plans or reducing survival of out planted stock. The movement of infested stock can disseminate pests to new areas. Since control of nursery pests may be based on pesticide usage, pest outbreaks may lead to environmental contamination. Woodland damage caused by livestock is a well-documented, yet persistent, forest health problem. Soil compaction, root disturbance and trunk/root collar damage caused by livestock reduce the vigor of trees. This paves the way for armillaria root rot, borers and other opportunistic organisms. Livestock also destroy the forest under story (reproduction), which hastens soil erosion and limits the future productivity of the site. The resulting forest decline reduces the quality, value and longevity of current and future trees on the site. Eliminating livestock from woodlands is the first step toward a healthier, more productive forest. As mentioned earlier in this paper, ice storm is a natural phenomenon caused by nature whereas forest fire are a result of human actions and preventable. One of the major differences between fire and ice storm is the rate of damage. Forest fire has a direct impact on the woodlands by changing the diversity of the landscape. Forest fire wipes out an entire landscape of trees causing a release of carbon dioxide. This ‘in lieu† effect results in global warming as well as greenhouse effect. The release of carbon dioxide has a long-term effect to our ecosystem. Carbon dioxide is trapped in our ozone layer making airways less preamble. This trapping effect eventually radiates heat causing global warming. The long-term effect is hazardous and changes our biodiversity. Ice storm has very little affect to our ozone layer. Damage to woodlands as a result of ice storm is concentrated within that area. Ice storm does not spread like fire does so areas that have been hit by an ice sto rm affect woodlands Pests and disease slowly eroded the quantity as well as quality of woodland. Infected woodland slows the development of growth by eroding the soil limiting the production of trees. Pest control and good forest management could improve the quality and well as productivity in these areas. Pests and diseases cause a slow change in biodiversity. As the woodland become infested, animals feeding from leafs and branch find it less desirable, eventually leaving the area in search of more suitable woodland. Similarly, forest fire, pests and disease spread but at a much slower rate. These agents infect the trees, eventually penetrating the roots and moving on to the next host. As mentioned previous, ice storm does not spread, rather the effect stays within the area. To conclude, fire and pests/disease are similar in the way these agents spread and infect their host. The preceding sentence can be best thought of as a virus infected it†s host as an analogy. Fire spreads at a much faster rate than pests/disease and the impact are instant. Both of these agents have long-term effect, which does not work in our favor. Ice storm affects the area it hits and will not spread. Furthermore, ice storms are predictable whereas fire is not since the cause of fire is human mistake and is hard to predict. Ice storms are not preventable but human actions can be prevented. The potential of damage from fire is far more severe than that of ice storm. We must increase the awareness to ensure that our woodland remains healthy and protect our ecosystem. How to cite The Glaze Storms of 1998, Essay examples

Analysis on Accounting Theory and Using Them for Practical Cases

Question: How To Using the Accounting Theory Practical Cases? Answer: Introducation This is on the article Costs blow out for Suncorps natural hazard allowance to $350m, 4th period in row for over-size claims. Suncorp being a financial institution with the main business of Banking and insurance had faced a lot of claims in the near past and also in the period in the current topic. The article describes that fact why the same happened with the company which had over crossed their budget for the consecutive four times. This mainly happened because of two big events that took place which was Wild storms and earthquake in New Zealand which had mainly increased the claims and thus leading to negative cash flows for the company. This is somewhere effected by aggressive approach and some incorrect decisions and planning that the team is making up. Accounting Theory TheAccounting theory selected is Legitimacy Theory. This theory generally implies that what is the generalized assumption to prove that the actions of an entity are desirable, appropriate and in the interest of socially constructed norms, beliefs and definitions. The more an organization is legitimate the higher are the chances of survival in the current market situation. The entity respecting the social values finally tend to benefit from the organization activities at large.(Aldrich, 1994) The social and moral values that tend to help an entity to grow are the ones which are socially accepted and helps the management to take correction steps at the necessary time to stand up in the environment.(Hybels, 1995) Analysis In the given article for Suncorp the issue in question was the increase in the costs of claims which the company is incurring in the times and how the same is being faced by the various stakeholders of the company as well. The article describes the reason of the problem to be highly aggressive and not thinking in a legitimate manner in taking any such important decisions. The company is continuously crossing the budget allowances and still the attitude to plan and covers its liabilities is not taking place. The legitimacy theory clearly points out how the entities should think before framing any such policies and this theory integrates with the problem where the company should focus on the plans by using past trends of data and helping to have a better position in the social and required values of the organization.(RAMALLAH, 2013) The company should neither go too conservative by tucking up too much money for claims nor should they be too much aggressive with the budget that it makes for the disasters as budgets are the picture of actuals and hence the team should focus on the same before proper decisions might be taken by the company as a whole. The company and its planning might not help the investors to reach to their objective to invest in the company and should focus on the correct estimation of the losses that happened in the future along with a better disaster budget which will help to plan the things and profitability in a much better way. Hence the problem statement in the article lies in the estimation error any further values added to the same through legitimacy would add value to the situation and develop more ecofriendly situation for the company on an overall level. These theories focusing on the external environment speaks a lot about the success factors of many organizations and thus helps to take decisions in a better way and develop better market superiority.(Reuters, 2012) Conclusion The overall understanding of the case here is that sustainable thinking is very important for an organization and there are lot of factors that the companies should focus upon before giving the final outcome of a particular solution. These theories help to understand the correct way and regain the market position at difficult times. References Aldrich. (1994). Fools rush in? Academy of Accounting Management Review,, 645-670. Hybels. (1995). A critical review and integrative theoretical model. Academy of Management Journal, Best Conference Proceedings, 241-245. RAMALLAH. (2013). Abbas seeks legitimacy in Palestinian strategy splurge. Chicago Times, 1-1. Reuters. (2012). Communique To Recognise Legitimacy Of Steps Taken. Chicago Tribune, 1-1.