Risk management Essay Example | Topics and Well Written Essays - 1000 words - 3

Risk management - Essay Example The fire disaster has occurred in the tower once and destroyed significant part of the floor of the tower under construction then. Therefore, there is no proof that it would not occur again anywhere in the tower. With increasing activities of terrorism it is important to be wary of explosions cause by them. There is no known political risk at the moment known to V-bite restaurant. Human risks that may face the restaurant are numerous including but not limited to sickness and absenteeism of the employees as well as embezzlement and pilferaging perpetuated by the employees. According to Malcom, Ward and Smith (36), the probability that the market will not be large enough to sufficiently generate enough revenues as outlined in the business plan is a serious market risk. This occurs when there are few customers in the locality or when there is a fierce competition among the market players. The market risks facing V-bite restaurant include product risks, market existence risk, sale volume risk and pricing risks. A product risk refers to the small size and poor quality of the menu available to customers. Pricing risks are evident when the prices of delicacies in the menu are higher than what other similar restaurant offer. The above risks may bring with it reputation damage, interruption of business operations, customer loss, reduced productivity as well as high damaged reduction and control cost. The cells shaded red is extremely high risk zone. Market risks have been identified as extremely high risk facing the enterprise. V-bite restaurant would not be the only restaurant that offers purely vegetarian delicacies. Instead, there are other nine restaurants offering identical or similar menu. The restaurants are Spice Kraft JLT, 77 Veggie Boutique, Sukh Sagar Swift, Sukh Sagar at the Beach, Saravanaa Bhojan Shala, Yogurberry, SMS Restaurant, Kamat and Kamat Shireen. Most of the named restaurants have been in operation for longer time.

Literature review Research Paper Example | Topics and Well Written Essays - 1500 words

Literature review - Research Paper Example In this regard, he points out that today, solar power is used even in residential homes for the production of energy used for opening gates, lighting and heating. In addition, he also noted that some cars today are powered using solar energy. Watson also pointed out that solar power also has a lot of benefits. In this regard, he argues that the use o solar power helps in reducing cost since to reduce dependency on traditional sources of energy. Moreover, Watson (2012) pointed that solar energy is eco-friendly and is, therefore, a good move towards conserving the environment. Part 2: The origin, potential, and importance of solar energy. http://solarword.blogspot.com/2012/10/the-origin-potential-and-importance-of.html. In this article, Haluzan (2012) explores the origin, potential, and importance of solar energy. He argues that the sun’s radiation is one of the most important natural resource provided free and is limitless. Haluzan (2012) argues that without the sun, the plant where we live cannot support life. He reveal that projection by the International Energy Agency announced in 2011, showed that, with the invention of new technologies, the solar radiation will provide at least a third of energy by the year 2060 based on the fact the world is currently moving towards the use of renewable sources of energy of which solar is one of them. However, Haluzan (2012) is quick to point out that many countries have not yet embraced the adoption of energy from solar fully because the technologies used in solar lack the cost-parity with fossil fuel. Nevertheless, he also points out that many countries continue to adopt the use of solar technologies by installing solar panels on buildings for both domestic and industrial use. In addition to providing energy for domestic and industrial use, Haluzan (2012) also pointed out that the use of solar power will help reduce the amount of greenhouse emissions to the environment. This will help mitigate the impacts o climat e change and make the world a good place to live. Part number 3: The advantage and disadvantage of solar energy http://exploringgreentechnology.com/solar-energy/advantages-and-disadvantages-of-solar-energy/. In this article, Whitburn (2012) discusses the advantages and disadvantages of solar energy. The advantages in this case according to Whitbun (2012) include the fact that solar energy does not pollute the environment. This is because it does not produce greenhouse gases like fossil fuels. He also noted that this is the main resource behind the advocacy for solar under the green energy technology as countries attempt to mitigate the impacts of climate change caused by greenhouse emissions. Secondly, solar energy is natural and provide free. Further, it does not require expensive raw materials, as is the case with fossil fuel. Thirdly, Whitbun (2012) notes that the use of solar power is advantageous because it offers decentralization of power since it create self-reliance in socie ty. In addition, he points out that solar power, unlike other sources of energy can be produced on or off the grid (powersourcesolar.com, n.d). Other advantages pointed out by Whitbun (2012) include that fact that its production helps in job creation, as well as saving the ecosystem and people among others. However, Whitbun