Crisis management Essay Example | Topics and Well Written Essays - 1250 words

Crisis management - Essay Example While some crisis as the Cuban missile crisis was resolved within a period of 13days, others such as the World War I took over 4 years before they were finally settled. This essay seeks to evaluate the success factors of conflict resolution and analyze how they were applied in the Cuban missile crisis and the World War I. Kouzmin (17) points out that the timeliness of the response is a critical factor that determines the ability of the government or the involved parties to resolve their conflict. Crises are emergency situations that often have adverse effects to the social political system if prompt actions are not taken. The more the time that is taken to resolve a conflict, the more likely that the impact of the war is likely to be felt in the affected regions. While it is important to define a good background to resolve a conflict and to avoid hurried decisions that may fuel the war, there is need to develop a quick plan to initiate resolution strategies to reduce the ill effects that come along with such situations of war. Caldwell (6), a professor and a political analyst, commends President Kennedy for his prompt action to neutralize the looming danger of a heated nuclear war in a time of emergency. When the Cuban president stationed missiles in Cuba, there was already high tension that the two countries would engage in big fights whose repercussions would be out of magnitude. At this time, President of America prioritized this issue and focused on the emergency situation. First, he immediately dropped his support for North Korea attack on South Korea and engaged a consultative meeting to come up with a plan to resolve the conflict. Consequently the conflict was resolved within 13 days and no impacts of the looming war were experienced in America. Crisis management in the World War I seems to have taken a slow pace. Mulligan (73) points out that the reason why this war took too long to solve is because the governments had an attitude that any attempts to l aunch a crisis management plan would be futile. The impact of this delay is that World War I became one of the most catastrophic crises in the world history as many people lost their lives. The magnitude of the crisis is a factor that cannot be ignored while designing a strategic plan to mitigate the effects of a crisis. The geographical scope of a disaster is used to measure the intensity of a crisis and the population that is likely to be affected by the effects of the conflict. A disaster that involves only a few countries has less impact compared to one that affects the entire world. While planning the conflict resolution strategy, it is important to consider the applicability of the strategy to all the nations especially in a conflict that spans out in several countries. Kouzmin (7) warns that the domain of the threat has to be considered if the intervention strategy has to be successful. The First World War was a worldwide disaster the war was manifested in different ways in v arious countries. Mulligan (227) states that this war was a result of various threatening forces and determining the motives of the war was quite a complex issue, a factor that delayed the process of peace making. Governments took longer to agree on the best procedure to conflict resolution and this slowed the process while more people continued to suffer

An Epidemic Essay -- Health, Coronary Heart Diseases

The focus of this research is coronary heart disease (CHD) and the vulnerable population in the community in Duval County, Jacksonville, Florida. To understand the population, one must be aware of the demographics of the community in question. Duval County is on the Northeast coast of Florida and has a population of over 900,000 (Duval County Health Department, Institute for Health Policy and Evaluation Research [DCHD], 2008). Of this population, 64.4% is white, 31.3% is black and 4.1% is other races (DCHD, 2008). Approximately 51% is female and 49% is male (DCHD, 2008). Duval County consists of suburban, rural, and urban areas and has a total of six health zones made up of zip codes (DCHD, 2008). The community in emphasis is The Clara White Mission and its surrounding area. The Clara White Mission is located in health zone one and their zip code is 32206. Health zone one is considered the most urban area in Duval County with a population density of 2766.5 people per mile compared health zone five being the most rural with a population density of 177.1 people per square mile (DCHD, 2008). Zone one also has the largest number of minority residents in Duval County, which is 83% of the population compared to the lowest minority in zone six with a population of 18% (DCHD, 2008). In Duval County 41% of all blacks live in zone one. Health zone one has the lowest average household income with $21,815 and the highest poverty level with 26% of the population living below poverty level in comparison health zone five has the highest average household income with $53,972 and the lowest poverty at a rate of 5% (DCHD, 2008). Duval County’s average household income is $41,118 (DCHD, 2008). In 2000, health zone one had the lowest e... ...ck, and 470,000 will have a recurrent attack this year (AHA, 2010). CHD makes up for more than half of all cardiovascular events in men and woman over the age of 75 years old (AHA, 2010). Furthermore, the lifetime risk for developing CHD after the age of 40 is 32% for women and 49% for men (AHA, 2010). In closing, it is apparent that the population, density, income and education, and race may be associated with the CHD mortality and morbidity rates in this population in Duval County. In addition, other factors may be associated with the CHD rates as well, such as behavioral risk factors and access to health care. We need to emphasize the health and wellness of the vulnerable population in the community of 32206 in Duval County. To help these individuals achieve healthy lifestyles and avoid or better manage CHD, for their future we need to create awareness.

Definition of a Business Essay

Fuzzy Dice, Inc. manufactures and distribute novelty items. Fuzzy is having a great demand on their products and are holding a large amount of cash on its balance sheet. In the same area are other manufacturing companies, among them Tiny Toys LLC, a children’s toy manufacturer. Tiny has been having financial troubles and recently filed for Chapter 11 bankruptcy protection. Fuzzy is interested in Tiny’s manufacturing facility, location and capabilities. Tiny’s manufacturing equipment is operational; they don’t have any goodwill, but have some intangible assets. Since, Fuzzy is holding so much cash they decided to buy Tiny’s and are in the final stages of the transaction. The Company is not certain in how to use Tiny’s facilities. They will either: a. continue to use the facility to manufacture toys or b. renovate the factory in order to expand their current operations. Issues: Fuzzy is having trouble determining how they should record the transaction. There are three scenarios: -Operate the factory in its current capacity to manufacture toys. -Refurbish the factory to manufacture novelty items. -Structure the acquisition through its French subsidiary, which issues stand-alone financial statements under IFRS. For each scenario they should determine if they would record the transaction as an acquisition of a business or acquisition of an asset. Research: Asset acquisition: The purchase of a company by buying its assets instead of its stock. An asset acquisition strategy may be used for a takeover or buyout if the target is bankrupt. Market knowledge, research and experience are important to a successful asset acquisition strategy. In some cases, a plan for selling the asset, called asset disposition, is built into the asset acquisition strategy. Bankruptcy proceedings represent an opportunity for a company to implement an asset acquisition strategy. By taking advantage of one company’s distressed position, another company can purchase  assets like equipment and machinery for its own business at reduced prices. Business Combination: A transaction or other event in which an acquirer obtains control of one or more businesses. Transactions sometimes referred to as true mergers or mergers of equals also are business combinations. If a business combination occurs because of a bankruptcy reorganization or troubled debt restructurin g under fresh start accounting, the purchase consideration should take into account the value of the restructured debt. In these cases the original book value of the debt will likely differ from its fair value. Business (ASC 805): An integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing a return. This definition is broad and can result in many transactions qualifying as business combinations when they are actually only asset acquisitions. When determining if a set of assets and activities is a business, the relevant factor is whether or not the integrated set is capable of being conducted and managed as a business and not if the seller operated the set as a business or if the acquirer intends to do so. Unless there is evidence to the contrary, any set of assets that includes goodwill is assumed to be a business. However, the existence of goodwill is not required to meet the definition of a business. If the acquired assets are not a business, the acquirer will account for the transaction as an asset acquisition. The definition goes on to explicitly discuss mergers of equals. A change of control can occur without the exchange of co nsideration or even without the acquirer holding any ownership interest. The acquisition date is defined as the date the acquirer obtains control of the acquiree, regardless of the legal date of the transfer or the date the consideration is transferred. If a business combination is affected primarily by transferring assets or by incurring liabilities, the acquirer is usually the entity that transfers the assets or incurs the liabilities. If a business combination is affected by transferring equity interests, the acquirer is usually the entity that issues its equity interests. However, in some business combinations, commonly called reverse acquisitions, the issuing entity is the acquiree. In a reverse acquisition the legal acquirer is defined as the acquiree for accounting purposes. 55-4 A business consists of inputs and processes applied to those inputs that have the ability to create outputs. Although businesses usually have outputs, outputs  are not required for an integrated set to qualify as a business. The three elements of a business are defined as follows: a. Input. Any economic resource that creates, or has the ability to create, outputs when one or more processes are applied to it. Examples include long-lived assets (including intangible assets or rights to use long-lived assets), intellectual property, the ability to obtain access to necessary materials or rights, and employees. †¨ b. Process. Any sy stem, standard, protocol, convention, or rule that when applied to an input or inputs, creates or has the ability to create outputs. Examples include strategic management processes, operational processes, and resource management processes. These processes typically are documented, but an organized workforce having the necessary skills and experience following rules and conventions may provide the necessary processes that are capable of being applied to inputs to create outputs. Accounting, billing, payroll, and other administrative systems typically are not processes used to create outputs. †¨ c. Output. The result of inputs and processes applied to those inputs that provide or have the ability to provide a return in the form of dividends, lower costs, or other economic benefits directly to investors or other owners, members, or participants. Identifying a Business Combination Classifying or Designating Identifiable Assets Acquired and Liabilities Assumed in a Business Combination 25-6 At the acquisition date, the acquirer shall classify or designate the identifiable assets acquired and liabilities assumed as necessary to subsequently apply other GAAP. The acquirer shall make those classifications or designations on the basis of the contractual terms, economic conditions, its operating or accounting policies, and other pertinent conditions as they exist at the acquisition date. 25-7 In some situations, GAAP provides for different accounting depending on how an entity classifies or designates a particular asset or liability. Examples of classifications or designations that the acquirer shall make on the basis of the pertinent conditions as they exist at the acquisition date include but are not limited to the following: a. Classification of particular investments in securities as trading, available for sale, or held to maturity in accordance with Section 320-10-25 b. Designation of a derivative instrument as a hedging instrument in accordance with paragraph 815-10-05-4 c. Assessment of whether an embedded derivative should be separated from the host contract in accordance with Section 815-15-25 (which is a matter of classification as this Subtopic uses that term). Identifiable Intangible Assets 25-10 The acquirer shall recognize separately from goodwill the identifiable intangible assets acquired in a business combination. An intangible asset is identifiable if it meets either the separability criterion or the contractual-legal criterion described in the definition of identifiable. Additional guidance on applying that definition is provided in paragraphs 805-20-25-14 through 25-15, 805-20-55-2 through 55-45, and Example 1 (see paragraph 805-20-55-52). For guidance on the recognition and subsequent measurement of a defensive intangible asset, see Subtopic 350-30. 05-4 Paragraph 805-10-25-1 requires that a business combination be accounted for by applying what is referred to as the acquisition method. The acquisition method requires all of the following steps: a. Identifying the acquirer b. Determining the acquisition date c. Recognizing and measuring the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree d. Recognizing and measuring goodwill or a gain from a bargain purchase. †¨ 805-10-25-1 An entity shall determine whether a transaction or other event is a business combination by applying the definition in this Subtopic, which requires that the assets acquired and liabilities assumed constitute a business. If the assets acquired are not a business, the reporting entity shall account for the transaction or other event as an asset acquisition. An entity shall account for each business combination by applying the  acquisition method. Accounting After Acquisition 35-1 After the acquisition, the acquiring entity accounts for the asset or liability in accordance with the appropriate generally accepted accounting principles (GAAP). The basis for measuring the asset acquired or liability assumed has no effect on the subsequent accounting for the asset or liability. Recognition Principle 25-1 As of the acquisition date, the acquirer shall recognize, separately from goodwill, the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree. Recognition of identifiable assets acquired and liabilities assumed is subject to the conditions specified in paragraphs 805-20-25-2 through 25-3. 55-2 Paragraph 805-10-25-1 requires an entity to determine whether a transaction or event is a business combination. In a business combination, an acquirer might obtain control of an acquiree in a variety of ways, including any of the following: a. By transferring cash, cash equivalents, or other assets (including net assets that constitute a business) †¨ b. By incurring liabilities c. By issuing equity interests d. By providing more than one type of consideration e. Without transferring consideration, including by contract alone (see paragraph 805-10-25-11). 55-3 A business combination may be structured in a variety of ways for legal, taxation, or other reasons, which include but are not limited to, the following: a. One or more businesses become subsidiaries of an acquirer or the net assets of one or more businesses are legally merged into the acquirer. †¨ b. One combining entity transfers its net assets or its owners transfer their equity interests to another combining entity or its owners. †¨ c. All of the combining entities transfer their net assets or the owners of those entities transfer their equity interests to a newly formed entity (sometimes referred to as a roll-up or  put-together transaction). †¨ d. A group of former owners of one of the combining entities obtains control of the combined entity. 55-5 To be capable of being conducted and managed for the purposes defined, an integrated set of activities and assets requires two essential elements—inputs and processes applied to those inputs, which together are or will be used to create outputs. However, a business need not include all of the inputs or processes that the seller used in operating that business if market participants are capable of acquiring the business and continuing to produce outputs, for example, by integrating the business with their own inputs and processes. FRS 3 Business Combinations outlines the accounting when an acquirer obtains control of a business (e.g. an acquisition or merger). Such business combinations are accounted for using the ‘acquisition method’, which generally requires assets acquired and liabilities assumed to be measured at their fair values at the acquisition date. Alternatives: Fuzzy Inc should determine how they will account for the transaction with Tiny Toys if either as an acquisition of assets or as a business combination. Conclusion: Using FASB’s ASC 805 definition of Business combination and acquisition of assets is hard to choose one alternative. The definitions are broad and can result in different interpretation on how to account for the transaction in the Balance Sheet, but I think the one that suits best the transaction is acquisition of assets. As guidance, I used ASC 805-05-4 Paragraph 805-10-25-1 that says: requires that a business combination be accounted for by applying what is referred to as the acquisition method. The acquisition method requires all of the following steps: a. Identifying the acquirer b. Determining the acquisition date c. Recognizing and measuring the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree †¨ d. Recognizing and measuring goodwill or a gain from a bargain purchase. †¨ 805-10-25-1 An entity shall determine whether a transaction or other event  is a business combination by applying the definition in this Subtopic, which requires that the assets acquired and liabilities assumed constitute a business. If the assets acquired are not a business, the reporting entity shall account for the transaction or other event as an asset acquisition. In addition, manufacturing equipment and trucks are functional, but the case doesn’t mention anything about other type of assets necessary (e.g computers) for the operation of the business. This means that if Fuzz is in the intention of using the facilities as Business they will not be able to meet the three elements of a business: input, process, output. Fuzz probably is using the bankrup tcy of Tiny as a strategy for acquiring needed assets and good stand geographical facility in a good price. Also, Fuzzy is not assuming any liability from Tiny. Questions 2 and 3 will be answered by acquisition of assets, considering the information above. None of these two scenarios represent a business combination since neither of them can operate as a business. In case of question 1, is more difficult to determine how to account for it. Fuzz in the position to account for it in either one of the possibilities since the definitions presented are vague in structure and cannot be taken into account to conclude one straight answer. 1. If Fuzzy decides to operate the factory in its current capacity to manufacture children’s toys, should the transaction be accounted for under ASC 805 as an acquisition of a business or an acquisition of assets? 2. If Fuzzy decides to refurbish the factory to manufacture novelty items, would this affect its assessment of how to account for the transaction under ASC 805? 3. If Fuzzy decides instead to structure the acquisition through its French subsidiary, Dà ©s Floue Inc., which issues stand-alone financ ial statements under IFRSs, should the transaction be accounted for differently under IFRSs with regard to whether it should be deemed as an acquisition of a business or a group of assets?

The Life Of 19Th Century American Poet Edgar Allan Poe

The life of 19th century American poet Edgar Allan Poe is one that the world of literary works and poetry will never cease to remember. Poe crafted several famous works of poetry during the American Romantic Movement, such as â€Å"The Raven†, a poem that helped gain him much fame after his death. Several poets have existed throughout time, but few became as well-known as Poe. The stories, conspiracies, and questions that lie behind his life are those of extreme popularity. Unlike many other great poets, Poe had a life of both mystery and melancholy that still interest readers today. Edgar Allan Poe is known for his morbid, dark, and haunting poems. He wrote mostly of death, demons, murders, sickness, and other unsettling topics. It could be†¦show more content†¦His former teacher, Dr. Bransbury, stated that he was â€Å"a quick and clever boy† (Pruette 372) and if it were not for his adoptive parents, he â€Å"would have been a very good boy† (Pruette 372). Later in Edgar’s life, as he was becoming more aware of his biological parents and his genealogy by hearing from acquaintances about the things that they became known for, he found a deep sense of pride which contributed to his arrogance. Sometimes, the knowledge of one’s family history can fuel their pronounced sense of pride. This was the case for Mr. Poe. At a young age, Edgar was already becoming extremely narcissistic, with the knowledge of who his biological parents were, and the great things they were known for. During the early ages, his adoptive parents who took so much pride in their spoiled child would hold gatherings and make Poe recite lengthy passages of poetry. During these times, Edgar acquired a taste for alcohol, which may very well have been the blame for a bit of the madness that he manifested in the later years of his life. Though it seems that Edgar had a life of luxury and the availability of whatever he requested being placed in the palm of his hand, he longed for more. While his new parents were busy making sure every desire of his was at his fingertips, they forgot to show him physical and emotional love, which is a key factor in the raising of a child. It could be said that there are only so many materialShow MoreRelatedEdgar Allan Poe; Fame Inspired by a Tragic Life865 Words   |  4 Pages The 19th century A merican poet, Edgar Allan Poe, had been plagued by grief from an early age. He was an amazing poet and author who just happened to have a darker story. Many who have studied this prestigious man feel that his works, though magnificent, were extremely dark. Some believe it was nothing more then a fancy for him to spin such gruesome tales. Others feel his work was manipulated by the misfortune of his past. These people have actually found evidence that agrees with this statementRead MoreEdgar Allen Poe: Birth and Military865 Words   |  4 PagesThe story of the 19th century Romantic era poet Edgar Allen Poe is an interesting one indeed. Throughout his life he played the role of a writer of short stories, an editor and critic of all works, and poet of emotion; revolutionizing each role through his extremely pragmatic style. As a writer, Poe wrote everything from love stories to comedies to horror stories, even inventing the detective mystery genre, and as a poet, he set out to use po etry to transmit and arouse the reader’s sense of beautyRead MoreThe Father of Gothicism1077 Words   |  4 Pagesthe story The Black Cat written by Edgar Allan Poe. Poe has been proclaimed the â€Å"Father of Gothicism† by many due to his grotesque short stories and poems. Gothic writers had their characters be more â€Å"prone to sin and self-destruction† than any other movement had experienced (Poets 2). 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