Crisis Management Essays (Examples)
Study Document
Incident Command System ICS
Introduction to the Incident Command System (ICS)
The Incident Command System (ICS) is a standardized organization model or method for incident response and management during disasters. The system is made up of standard management and leadership hierarchy procedures, including processes meant to support various types of incidents. It does not just respect jurisdictional and agency authority, but … various types of incidents. It does not just respect jurisdictional and agency authority, but also supports synchronized efforts among different disaster response and management teams and agencies. ICS supports fast, effective and efficient development of universal planning processes and management of facilities, personnel, communication, and equipment within a common structure of organization and operations. Based on pre-determined standards that involved authorities agree upon, … operations. Conflicts and uncertainty surround various non-governmental and governmental organizations on resource distribution and authority. The need for a more collaborative and open management system led to the……
References
References
AmeriCorps St. Louis. (2016). “Missouri Winter Flooding 2016.” Retrieved from https://www. americorps-stl.org/our-teams/emergency-response-team/disaster-deployment-archive/missouri-winter-flooding-2016/.
Buck, Dick A., Joseph E. Trainor, and Benigno E. Aguirre. (2006). “A Critical Evaluation of the Incident Command System and NIMS.” Journal of Homeland Security and Emergency Management, 3(3).
Bigley, Gregory A. and Karlene H. Roberts. (2001). “The Incident Command System: High-Reliability Organizing for Complex and Volatile Task Environments.” Academy of Management Journal, 44(6): 1281-1299.
Butterfield, Karen. (2016, January 21). “AmeriCorps Helping Flood Victims Find Place to Stay.” The Missourian. Retrieved from http://www.emissourian.com/local_news/washington/americorps-helping-flood-victims-find-place-to-stay/article_56f75bab-87de-5198-843e-bdfdb8229b5a.html.
Cardwell, Michael D. and Patrick T. Cooney. (2000). “Nationwide Application of the Incident Command System: Standardization Is the Key.” FBI Law Enforcement Bulletin 69.10: 10-16.
Cole, Dana. (2000). The Incident Command System: A 25-Year Evaluation by California Practitioners. National Fire Academy.
Corporation for National and Community Service (CNCS). (2014). “Disaster Response Framework.” Retrieved from http://www.nationalservice.gov/sites/default/files/documents/CNCS%20DSU%20 Disaster%20Response%20Framework.pdf.
Dynes, Russell Rowe. (1970). Organized Behavior in Disaster. Lexington, MA: Heath Lexington.
Study Document
Globalization Of Insurance
… is blown pops, as it did in 2008 the world over). Governments want increased regulation to protect themselves, as the 2008 global economic crisis showed what can happen when oversight is insufficient.
However, governments act in fits and starts and inevitably drift back towards deregulation. The 1982 … International Accounting Standards Board (IASB) are two examples of regulatory bodies tasked with overseeing accounting…[break]…just that. The problem that occurred in the subprime crisis was the result of an outcome that went back to the FASB’s desire to serve the needs of economics, accounting and finance all … spite of warning signs of recession on the horizon. Insurance companies are paying attention, since they were at the heart of the last crisis. The role that AIG played in setting off the U.S. economic crisis in 2008 has not gone unnoticed. Insurance companies are not only insuring financial products—they are also buying……
References
References
Egan, M. (2018). Tax cut triggers $437 billion explosion of stock buybacks. Retrieved from https://money.cnn.com/2018/07/10/investing/stock-buybacks-record-tax-cuts/index.html
Flegm, E. H. (2008). The Need for Reliability in Accounting. Why historical cost is more reliable than fair value. Journal of Accountancy, 205(5), 34.
Healy, P. M., Palepu, K., & Serafeim, G. (2009). Subprime Crisis and Fair-Value Accounting. HBS Case, (109-031).
Laux, C., & Leuz, C. (2010). Did fair-value accounting contribute to the financial crisis?. Journal of economic perspectives, 24(1), 93-118.
Light, L. (2019). More than Half of All Stock Buybacks are Now Financed by Debt. Here’s Why That’s a Problem. Retrieved from https://fortune.com/2019/08/20/stock-buybacks-debt-financed/
Reda, J. (2018). How Stock Buybacks Can Affect Executive Compensation. Retrieved from http://clsbluesky.law.columbia.edu/2018/08/03/how-stock-buybacks-can-affect-executive-compensation/
Young, M. R., (2008). Both sides make good points. Journal of Accountancy, 205(5), 34.
Vaughan, E. J., & Vaughan T. M., (2013). Fundamentals of Risk and Insurance, 11th Edition.
Study Document
Organizational Concepts
...Crisis management Organizational mission: the organization's mission and purpose, stated in terms of benefits to customers, employees, and society
The mission of an organization is its guiding purpose, its reason for existing beyond the superficial aims of profiting its shareholders, owners, and staff members. At the very least, the organizational mission is linked to its core goals or objectives, which include the target population or market it serves, as well as why, and most importantly, how it will achieve those goals (Ahmed, 2019). The organization can also choose to break down its mission into more specific parts, explaining factors like its operating goals, overall performance objectives, use or allocation of resources, position in the marketplace, and more (Daft, 2013). Its mission statement will typically reveal the organization’s role vis-a-vis society at large, the target market or customer base, and also its employees.
All organizations serve some sort of need, typically via the……
References
References
Ahmed, A. (2019). Importance of mission vision in organizational strategy. The Chronicle. Retrieved from: https://smallbusiness.chron.com/importance-mission-vision-organizational-strategy-16000.html
Daft, R.L. (2013). Organizational theory and design. Boston: Cengage.
Metcalf, T. (n.d.). Contingency theory of organization. The Chronicle. Retrieved from: https://smallbusiness.chron.com/contingency-theory-organization-73865.html
Morgan, G. (2006). Images of organization. Thousand Oaks, CA: Sage.
Sire, J.W. (2009). The universe next door. Intervarsity.
Suhomlinova, O. & Currie, G. (2016). Organizational contingencies. The Blackwell Encyclopedia of Sociology. Retrieved from: https://doi.org/10.1002/9781405165518.wbeoso019.pub2
Study Document
Symbolic Frame Of Organizational Analysis Walt Disney Company
… create a sense of unity amid the diversity within the organization.
Third, symbols have an especially tangible value during times of change or crisis. Symbols can help members of the organization find guidance, resolve conflict and confusion, increase the locus of control or sense of certainty, or … of human consciousness and cognition (Bolman & Deal, 2013, p. 254). The symbolic frame shows how organizations create and implement long-range strategies for management, marketing, and more.
Framing Disney
Few organizations could possibly prove to be a better example of the symbolic frame than the Walt Disney … potentially limitless categories of consumer goods and merchandise branded with its characters.
All aspects of the Walt Disney Company, including its human resources management, its political culture, and its organizational structure, depend on the salience of the stories the company tells and sells. Disney manages to blur ……
References
References
“About the Walt Disney Company,” (2020). Retrieved from: https://thewaltdisneycompany.com/about/
Boguszewicz-Kreft, M., Kreft, J. & Zurek, P. (2019). Myth and storytelling: The case of the Walt Disney Company. Myth in Modern Media Management and Marketing. DOI: 10.4018/978-1-5225-9100-9.ch002
Bohas, A. (2014). Transnational firms and the knowledge structure: The case of the Walt Disney Company. Global Society 29(1): 23-41.
Bolman, L.G. & Deal, T.E. (2013). Reframing organizations. John Wiley & Sons.
Di Giovanni, E. (2014). Cultural otherness and global communication in Walt Disney films at the turn of the century. The Translator 9(2): 207-223.
Forbes, W. & Watson, R. (n.d.). Destructive corporate leadership and board loyalty bias. Retrieved from: https://www.city.ac.uk/__data/assets/pdf_file/0005/56372/2A_Forbes.pdf
Wasko, J. (2001). Challenging Disney myths. Journal of Communication Inquiry 23(3): 237-257.
Study Document
Self Regulation Proposal
… is not only a viable alternative to external regulation by third party agencies, it is also a necessary step towards the reduction and management of risk. Companies alone have the most access to records and numbers, to workers and actions that may need investigating: external regulators do ……
References
References
Arner, D. W., Barberis, J., & Buckey, R. P. (2016). FinTech, RegTech, and the reconceptualization of financial regulation. Nw. J. Int'l L. & Bus., 37, 371.
Arnone, M., & Padoan, P. C. (2008). Anti-money laundering by international institutions: a preliminary assessment. European Journal of Law and Economics, 26(3), 361-386.
Greene, E., & Odorski, C. (2015). SEC enforcement in the financial sector: addressing
Omarova, S. T. (2010). Rethinking the future of self-regulation in the financial industry. Brook. J. Int'l L., 35, 665.post-crisis criticism. Bus. L. Int'l, 16, 5.
Omarova, S. T. (2011). Wall street as community of fate: Toward financial industry self-regulation. University of Pennsylvania Law Review, 159(2), 411-492.
Pritchard, A. C. (2003). Self-regulation and securities markets. Regulation, 26, 32.
Study Document
Federal Reserve Operations And Market Impact
...Crisis management What tools are used by the Federal Reserve to implement monetary policy?
Monetary policy refers to the actions undertaken by the Federal Reserve, which is the central bank, to control credit and its flow within the United States economy. Significantly, what occurs with money and credit influences interest rates and also the performance of the nation’s economy as a whole (Federal Reserve Education, n.d).
The Federal Reserve presently utilizes numerous tools in the implementation of monetary policy about its statutory obligation to nurture maximum employment and stability in prices. The following are the tools:
1. Open market operations (OMO)
The Fed carries out OMO in domestic markets. The terminology open market implies that the Federal Reserve does not decide on its own concerning the kind of securities dealers it will carry out business with on a certain day. Instead, this choice emanates from an open market whereby the different securities……
References
References
Brandl, M. (2020). Money, banking, financial markets & institutions. New York: Cengage Learning.
Federal Reserve Education. (n.d). Monetary Policy Basics. Retrieved from: https://www.federalreserveeducation.org/about-the-fed/structure-and-functions/monetary-policy
Federal Reserve. (2017). Monetary Policy Tools. Retrieved from: https://www.federalreserve.gov/monetarypolicy/bsd-monetary-policy-tools-201711.htm
Lumen Learning. (n.d). Macroeconomics: How a Central Bank Executes Monetary Policy. Retrieved from: https://courses.lumenlearning.com/suny-macroeconomics/chapter/tools-of-monetary-policy/
Study Document
Home Depot Response To COVID 19
… paper explores how Home Depot is adjusting to the pandemic through changes in its operations. The exploration is based on application of relevant management theories and business strategies.
Impact of the Pandemic on Home Depot
As previously indicated, COVID-19 global pandemic has significantly disrupted people’s lives and … by the global pandemic despite its commitment to keep its stores open as it has always done during times of natural disaster and crisis (Home Depot Product Authority, 2020). The organization strives to keep its stores open amidst the pandemic because homeowners and businesses rely on it ……
References
References
Cheng, A. (2020, April 1). Walmart, Home Depot Implement Safety Measures Amid Coronavirus Pandemic. More Companies Should Follow Suit. Forbes. Retrieved April 29, 2020, from https://www.forbes.com/sites/andriacheng/2020/04/01/walmart-home-depot-did-the-right-thing-on-this-front-to-flatten-coronavirus-curve-more-companies-should-follow/#60e61a9a24d3
Home Depot Product Authority. (2020). COVID-19 Update: How Home Depot is Responding. Retrieved April 29, 2020, from https://corporate.homedepot.com/newsroom/covid-19-update-how-home-depot-preparing-and-responding
Kawshala, H. (2017, February). Theorizing the Concept of Core Competencies: An Integrative Model Beyond Identification. International Journal of Scientific and Research Publications, 7(2), 253-256.
Putra, Y.S., Sudarmiatin & Suharto. (2018, April 23). Analysis of Differentiation Strategies to Create Competitive Advantages in Facing Global Markets. In The first international research conference on economics and business, 254-269. DOI 10.18502/kss.v3i3.1888
Trefis Team. (2017, May 30). A Closer Look at Home Depot’s Growth Strategy. Forbes. Retrieved April 29, 2020, from https://www.forbes.com/sites/greatspeculations/2017/05/30/a-closer-look-at-home-depots-growth-strategy/#6c6e177b2e76
Study Document
Financial Planning
Debt management and Retirement Planning
It is very important for Howe to pay all their debts and free themselves of the liability since a lot … existing ones as economic condition might vary and Howe doesn’t have a lot of available funds to assist themselves in the time of crisis, while the college education fee and other expenditures adds up to more of a negative balance. It’s better for Howe to pay off ……
References
References
Doyle, A. (2019, May 14). How much is the average wage in America. The Balance Careers. Retrieved from https://www.thebalancecareers.com/how-much-is-the-average-raise-in-america-4582795
Solution, I. D. (n.d.). How To Set Financial Goals: 6 Simple Steps. InCharge Debt Solution.
Study Document
Major Issues Facing The European Union
… affairs without respect to what the EU has to say about it. After looking at issues such as 1) Brexit, 2) the immigration crisis, 3) the open borders policy, 4) the problem of NATO, 5) the ultra-high and potentially catastrophic levels of debt that the European Central … instead of the collective, there could be many more nations that follow the UK out the door in the coming years.
The Immigration crisis
One of the reasons for the rise of nationalism has been the immigration crisis stemming from the non-stop wars in the Middle East that have decimated the region and forced millions of migrants from their native lands. … the threat of terrorism is still high in Europe and that many new terrorist attacks have occurred in EU countries since the immigration crisis began, it is not hard to see why citizens of these countries are rallying behind……
References
References
Amadeo, K. (2019). Eurozone debt crisis. Retrieved from https://www.thebalance.com/eurozone-debt-crisis-causes-cures-and-consequences-3305524
BBC. (2020). Brexit. Retrieved from https://www.bbc.com/news/uk-politics-32810887
Chadwick, L. (2020). Recession could tip EU. Retrieved from https://www.euronews.com/2020/02/27/could-covid-19-coronavirus-trigger-a-european-economic-recession
Grose, T. (2020). Coronavirus tests Europe’s open borders. Retrieved from https://www.usnews.com/news/best-countries/articles/2020-03-02/europes-open-border-agreement-may-become-casualty-to-coronavirus
Herszenhorn, D. (2019). Europe’s NATO problem. Retrieved from https://www.politico.eu/article/europe-nato-problem-defense-procurement-training-research/
Pew Research Center. (2016). European opinions of the refugee crisis. Retrieved from https://www.pewresearch.org/fact-tank/2016/09/16/european-opinions-of-the-refugee-crisis-in-5-charts/
Wirtz, B. (2019). The Beginning Of The End Of Open Borders In Europe. Retrieved from https://www.theamericanconservative.com/articles/the-beginning-of-the-end-of-open-borders-in-europe/
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