Disaster related risk management practices in IHG Essay

Disaster related risk management practices in IHG - Essay Example Risk management in this context can be stated as an ongoing process which sustains throughout organizational life cycle. With these considerations, the essay discusses disaster risk management practices in an organization namely InterContinental Hotels Group (IHG) in Japan. Disaster usually follows natural threats and its severity depends on the level of impact on the organization. On the other hand, the level of impact is subjected to the choices made by organizations (U.S. Department of Health and Human Services, â€Å"Risk Management Plan†). THESIS STATEMENT The essay is based on understanding the disaster related risk management practices in IHG which faced losses due to recent earthquake in Japan, in the year 2011. The objective of the study is to discuss the event along with its consequence on the risk management activities of IHG. Furthermore, it also describes the learning gained from the incident. BUSINESS OF THE ORGANISATION IHG is a British hospitality organization and is also considered as one of the biggest hotel brands in the world. IHG operates in excess of nine hotels under its name and its business strategies concentrate on driving the demand of the brand. IHG operates the business in three different ways namely franchising, joint venture and ownership. Franchising is the biggest part of the business of IHG, however, it also uses the bricks and mortar model of business (InterContinental Hotels Group, â€Å"Overview†). ... This natural disaster had created a drastic impact on the performance of IHG. Its ANA Holiday Inn, which is situated in Sendai, had to be closed down for new reservation. The organization also became vulnerable in terms of safety of its people and guests due to the disaster. Furthermore, the property of ANA Holiday Inn which was situated in the close proximity to Fukushima Daiichi nuclear plant also faced the risk of disruption. The share price of the organization also fell drastically after the incident occurred in Japan (Telegraph Media Group Limited, â€Å"Japan Earthquake: The Companies Most Affected by the Disaster†). RISK MANAGEMENT IN IHG IHG has an established international risk management procedure and outline which is entrenched in every operation and activity of the organization. The objectives of risk management of IHG are to create a vigorous, reactive and strong procedure along with a successful, respected and liable business over the long run. With respect to ri sk management, the key objective of the organization is to recognize and manage risks, in line with the strategic objectives and long-term value of the business (InterContinental Hotels Group PLC, â€Å"Corporate Risk Management†). Risk Screening The risk management process is characterized by risk screening procedure which determines the risk severity and frequency. According to risk severity and frequency, risks can be separated into minor risks which do not necessitate much management attention and significant risks which require considerable management attention. There are two types of risks an organization can face such as internal risks and external risks. Internal risks comprise management, cost and cash flow related risks. On the other hand, external risks are usually related with

Vik Muniz's Action Photo 1 Essay Example | Topics and Well Written Essays - 1250 words

Vik Muniz's Action Photo 1 - Essay Example The following is a discussion that seeks to evaluate Vik Muniz’s action photo on the use of the edible medium, subject and meaning, socio-cultural context, and general reflections. Question 1 The action piece of art by Vik Muniz enforces the use of chocolate and sugar as the media of painting. As argued for initially, the word action emanates from the practice of art whereby artists spread and splash paint randomly to eventually develop artworks in accordance to their perceptions. The artist’s paintings shows the legendary artist, Jackson Pollock busy painting on a piece of material lying on the floor. The artist uses chocolate syrup, and uses the paint to implement a stylistic painting approach whereby the audience will conceive an attitude of edibility. Therefore, the form taken by Vik Muniz emulates an emotional perception that the painting is as important as most of the delicacies known to the society, for example, chocolate (Respini 45). The work is presentable des pite the use of chocolate and sugar as the media. It contains allure and luster at the edges where the artists initiated change of chocolate medium to sugar. The main linings seem to establish a glittering reddish outline and possibilities are that the painting’s advantage emanates from the use of little chocolate to more sugar syrup over the wire lining. As the work portrays Pollock busy in the action art, the artist lures all viewers into conception that art is extremely important in our lives just as food and water. Through keen observations, an audience can easily tell of the advantages of varying the glossy chocolate in production of an attractive photo. The photo measures at 60cm by 48cm.The photo displays Pollock as a busy artist and the glossy texture of the observed from the photo might illuminate his passion (Durant 55). Arguably, Muniz photo establishes a series of events whereby the photo looks like a painting, and the use of an edible medium to represent a genera l paint. Question 2 The theme of the art piece of action photo by Muniz is intense and relative to setting an understanding on the importance of artists in the artist. Arguably, Muniz seeks to implement the allure of the abstract expressionism, which Americans declined to perceive its importance and sense for a long period. Muniz extensive use of edible media in the artwork remains significant and misinterpretations since an artistic meaning underlies therein (Van 67). Mainly, Muniz drew the original painting and photographed it before it lost its glossy appeal. The photo denotes action as Muniz develops it stylishly to show the struggle that Pollock endured in order to develop his personal expressionism paintings. Arguably, Vik’s action photo seeks to enlighten the audience on the struggle that Pollock survived in order to develophis art through the spontaneous and random splash of paint (Respini 48). Therefore, Muniz used chocolate and sugar as the media of painting to show Pollock in the field of art. With the use of such media, it is evident that Muniz wanted to emphasize on the importance action art that was always Pollock’s art approach in reaching the society embarking to expressionism. However, Muniz is more precise and uniquely presents the painting such that Pollock’s artwork gains the desired appraisal in the society (Van 68). It is through Muniz’