Managing Contract Risks Assignment Example | Topics and Well Written Essays - 2500 words

Managing Contract Risks - Assignment ExampleIt is evidently promiscuous from the discussion that set out is a legal agreement which binds parties with the intention of performing obligations in exchange for impregnable consideration which is generally done formally in writing or by verbal agreements. It is each bilateral or unilateral. The mutual assent of parties, however, gives rise to obligations between parties involved and breaches thereof ar remedied by law either by payment of damages, otherwise known as monetary compensation. As an scotch activity, contracts also consider the sociological, anthropological and environmental terms of the agreement. Contract moreover is described as an entreat accepted by another party based on the meeting of minds and some evidence demonstrate their mutual assents to discourage ambiguities of terms. The consideration inherent in this agreement is of value in exchange for goods and run that will be rendered or delivered. Such considerat ion must be sufficient on its own. A contract fire be illustrated in purchase agreements where one party delivers a thing or good in exchange for payment. Other examples can be mirrored in specific process of services in exchange for just compensation or payment. This is evident in a contract of employment or in case of constructing facilities as in the case of hiring engineers to perform the actual construction. Generally, contracts atomic number 18 made if parties have the legal capacity to make a contract the purpose is legally warranted and forms are legal parties have the intention to create legal relations, and mutual consent is adduced. Under the law, the contract can be vitiated when one of the parties of the contract made an irreparable mistake is legally incapacitated if nexus is exacted out of duress and undue influence if the contract is done in unconscionability and of misrepresentation and, contract rag the purpose.

Paper summary Essay Example | Topics and Well Written Essays - 1000 words

Paper sum-up - Essay ExampleThe essay hereby aims to explain the points of newss as structured in the main sections of the article. Further, with the provision of examples and by critically analyzing the contents, the discourse would determine if the authors achieved their objectives through the structure, presentation and handling of determine concerns. Achieving learnedness Effectiveness The authors averred that the way to gauge or measure business gaming simulations (BGS) is through learning authority or educational validity. dickens crucial considerations influence learning effectiveness, to wit effective design and the flair of implementation. The manner of presentation of crucial concerns is perceived to be confusing with intermittent references to various researches conducted on the subject. Sub-topics could impart clarified points of discussions. For instance, there could be a sub-heading on problems affecting the design, where algorithmic validity and realism trai n takes precedence. Under realism, there are again factors that contribute to difficulties in designing appropriate BGS the knowledge of the occasion and perceived biases. Then, another sub-heading that could give readers a more accurate presentation and understanding of the topic is business office of the participator. However, during its discussion, another new topic was discussed the three types of participant dynamics which should have been discussed separately and in greater detail. The discussion of effective implementation explained the role of experiential learning to achieve effectiveness. By providing a cod definition of the term and the means to actively engage in it, the authors clearly proffered information on the subject. Two relevant factors the agree from a coach and a perceived level of personal motivation were discussed with support from previous researches. Establishing a Research Methodology Framework for Educational Validity Assessment The structure for the discussion of the methodology framework was clear, concise and appropriately explained. The section on definition of objectives and the presentation of theoretical propositions identified three propositions referring the previous works conducted on inborn educational validity, external representational validity, and external educational validity. Under research design, the authors recommended the multi-case study as the design and explained the rationale by quoting Yin, to wit the case study method allows investigators to retain the holistic and meaningful characteristics of real-life eventssuch as . . .managerial processes (Yin, 2003, p. 2). This particular research design was elect in its ability to address the issues that are questioned in terms of why and how. A long discussion on achieving validity in research design ensued qualifying validity in terms of construct, internal and external validity, and their reliability. A tabular illustration effectively summarized crucial hi ghlights to enhance the readers understanding and preview comparative elements at a glance. Designing and Building an Effective Simulation Model Objectives and Process Stainton, et.al. (2010)

International Tourism Marketing Essay Example | Topics and Well Written Essays - 4000 words - 1

International Tourism Marketing - Essay ExampleThis number delineated a growth of 6.6 percent when compared to that of 2009. Receipts for international tourism grew by $919 billion in 2010, a number that corresponded to a rise in real terms of 4.7 percent (Corigliano and Baggio, 2004301). Many countries around the introduction used to depend solely on other means of generating income. Introduction However, as time went by and economic analysts realized what tourism and its related businesses could do for a countrys growth, they initiated measures that aimed at promote intensive investment in tourism. In contrast to those other economic activities, tourism bases on militant advantages and has the potent ability of creating additional income, growth, and job opportunities for many decades to come (Au, 20104). Estimates depict that international tourist arrivals ordain be more than 1.6 billion in 2020. International tourism suffered a setback due to the terrorist attacks that took govern on September 11 that pushed the US economy and indeed many others into recession. The September 11 act of terrorism attacks led to erosion of consumer confidence in travel (Akehurst, 200952). This traumatic blow delivered directly to the US tourism and leisure travel as well as domestic travel had no comparison regular to the Kosovo or the Gulf War. As a result, the US economy took longer than projected as distant to Germany and Britain (Fayal and Garrard, 200547). Given the tremendous results of international tourism as well as the possible challenges affecting its growth, this composition will seek to analyze the significance of social media in international tourism grocery storeing. As of today, the demeanor of consumers in tourism is different due to the hyperactive competition, digitization of the world economy, and the effects of globalization. This trend is meet a multidimensional concept whereby people view it as an outcome of a dynamic clay based on relations between the processes involved in motivation, attitude, effective manifestation, information, and perception (Corigliano and Baggio, 2004302). With this respect, to research original dimensions those are congruent to consumer mien in international tourism in order to determine the habit and purchasing pattern of the respective customers is essential. This helps in tailoring and catering for the customers needs and wants, which in turn translates to growth or repeat business (Akehurst, 200953). As this essay depends highly on international tourism market and the diversity ascribing to this market, this sector requires bidders to put much focus niche marketing. Simultaneously, market segmentation becomes a slip with an attractive strategy, viability, and high as well as potential rates of profitability in this framework. The image of marketing research in international tourism market segmentation With the main objective of every company being to satisfy their customers, companie s with a strong orientation pay special attention to the behavior of consumers whereby they capitalize on the information that they obtain with the view of attracting new customers and retaining the existing ones (Corigliano and Baggio, 2004303). In this context, it is agreeable that the complexity of international tourism marketing puts more emphasis on the importance for market segmentatio

Strategic management - C5 Intel Essay Example | Topics and Well Written Essays - 750 words

Strategic oversight - C5 Intel - Essay ExampleBefore Paul Pressler became the CEO of Gap Inc. between the years 2002 2006, he was the learning ability of the Disney Store. (Duxbury, 2007 Niles, 2002) Gap Inc. under the leadership of previous CEO Pressler failed to have consistency when it comes to building image ground on its target customers preferences in style and fashion. In the past, Pressler attempted to renovate Gap store outlets and fall in new prototypes thinking that he could attract the consumers to patronize Gaps products. However, customers did not even witness minor changes. (Diva, 2007)Basically, Presslers in hard-hitting commercializeing strategies, lack of knowledge and sense in fashion, garments, and style including his rawness in handling apparel business caused Gap, Inc. to experience a decline in revenue and market share. (Duxbury, 2007 Niles, 2002)Glenn Murphy as the recently appointed and chairman of CEO of Gap Inc. have more than 20 years of experience in retail business and branding of food, health and beauty products, as sound as books. (Gap Inc., 2008) Although he has a limited experience in handling apparels, Murphy is capable of innovating effective marketing strategies for new products and services aside from his ability to manage the business operations.Given that Murphy has a limited knowledge and experience in fashion, as the CEO of Gap Inc., he should make positive(predicate) that a group of individuals who has a good sense of fashion should be hired as stop of the companys buying department. This will increase the rate of marketability of Gaps apparels based on the latest fashion and styles that looks appealing among Gaps target customers.The company should also monitor its purchasing department by developing business procedures that will prevent corruption. By keeping the costs of garments emit and maintaining the quality of clothing high, the company could benefit having a bigger profit

Financial Crisis Assignment Case Study Example | Topics and Well Written Essays - 1250 words

Financial Crisis Assignment - Case Study ExampleIts effects were far reached and close everyone on the globe was impacted by it on some level. Those who were closer to financial markets and deeply bear on in the investment business faced greater impacts and are still incurring huge losses. This crisis raise questions that pointed fingers on the biting of the global financial markets. The liquidity crisis was triggered by a bunch of policies that were implemented by the United States banking system to promote massive investment and growth in the economy. Nevertheless, what started as an attempt to cast up consumer spending and encourage investor confidence soon turned out to be the underlying weakness in the financial system. The imbalance in the global economy became too massive for any individual establishment to control and with the passage of era it only worsened. A critical part was played by the develop economies whose excessively loose monetary policies during the early part of this decade contributed in widening the gap amidst the West and the East. It is very interesting to know that the budget deficit of the United States was at an all time high during 2006-2007, while on the different hand huge surpluses were being recorded in Asia, oddly China and other oil exporting countries of Middle East. If we look at figures they reveal a clearer picture, the contemporary account balance as a percent of GDP for US was -4.7%, while for China, Saudi Arabia, Russia and UAE was 10%, 28.9%, 6.1% and 15.8% respectively. Analyzing the figures it clarifies that even after the West was generating billions of dollars in revenue, the global net flow was concentrated towards the Eastern giants as they were becoming powerful by the day. This can be strongly attributed to the fact that the gap between the saving-investment function was extensive and this gap was only widening with time since developing countries started relying more heavily on developed economie s to provide for their development expenditures. There were some direct impacts of these huge cross-border financial flows on the financial intermediation process. (Mohan) One of the major causes of the crisis is attributed to the sub-prime lending in the housing industry in America. In order to append the share several banks gave loans to individuals who were doubtful of paying back their installments in the future. Nevertheless, since in the short run it would luff an artificial boast in the economy along with a positive growth of the company some(prenominal) bankers and financial institutions to fulfill their personal interest gave top notch credit ratings to doubtful individuals. This resulted in a massive spending in the housing sector even though it was clear this was only short-lived. Banks gave loans on negligible interest rates at times even below 1%, showing the outcome of how eager they were to raise their customer base. The financial sector was involved in a persona l engagement to widen its customer base. Derivates were used to inject huge sums of money from the investors in the market, but these derivatives were passed on to other investors and so on. The original derivative holder had no idea who was in possession of his derivative as it was a long chain that no one was aware of. The derivative market surpassed the whole US GDP number and according to estimates in 2010 the US GDP stood at $14 trillion dollars compared to the $ccc trillion derivative market. It is apparent that the market was financially diluted and