The Purposes of Dr. Martin Luther King Jr. delivered his...

On August 28, 1963 Dr. Martin Luther King Jr. delivered his â€Å"I have a dream† speech in front of the Abraham Lincoln Memorial. Attended by over 200, 00 people after the â€Å"March on Washington† for jobs and freedom. As a civil rights activist Dr. Martin Luther King Jr. gave his speech to all Americans without targeting a specific race, age group, or gender. His purpose for the speech was to inspire a change in both white and black citizens during the civil right era. He spoke about the discrimination, injustices, and segregation of African Americas that was taking place in the United States. The speech called out for the rights of all people, unity among all Americans, determination, equality and freedom among all people. Dr. Martin Luther King Jr. opens his speech with â€Å"Five score years ago, a great American, in whose symbolic shadow we stand today, signed the emancipation proclamation†, which freed all slaves and gave hope. He immediately mentions how 100 years later the Negro is still not free and is being treated unequal. He advises all Americans to take action immediately but to do so in a non-violent way. Dr. Martin Luther King Jr. made it aware that he wasn’t blind by all the pain and suffering they were going through but he was still holding on to his dream that one day everyone would be able to live in harmony. He also invokes authority by using the Declaration of Independence. Dr. Martin Luther King Jr. quotes, ‘â€Å"unalienable Rights† of â€Å"Life, Liberty and the pursuitShow MoreRelatedLangston Hughes Research Paper25309 Words   |  102 PagesIn 1919, when Langston Hughes was seventeen years old, he spent the summer with his father, Jim Hughes, in Tolu ca, Mexico. Langston had not seen his father since he was a small child, and he was excited about making the trip. However, during this visit, no affectionate bond would develop between Langston and Jim. Jim Hughes was a cold, difficult man, who was driven by ambition to make money and achieve respect. He had moved to Mexico to avoid segregation and racial injustice in the United StatesRead MoreDeveloping Management Skills404131 Words   |  1617 Pagesindex. ISBN 978-0-13-612100-8 1. Management—-Study and teaching. 2. Management—Problems, exercises, etc. Kim S. II. Title. HD30.4.W46 2011 658.40071 173—dc22 I. Cameron, 2009040522 10 9 8 7 6 5 4 3 2 ISBN 10: 0-13-612100-4 ISBN 13: 978-0-13-612100-8 B R I E F TA B L E O F C O N T E N T S Preface xvii Introduction 1 PART I 1 2 3 PERSONAL SKILLS 44 Developing Self-Awareness 45 Managing Personal Stress 105 Solving Problems Analytically and Creatively 167 PART II 4Read MoreManagement Course: Mba−10 General Management215330 Words   |  862 PagesContents Feigenbaum−Feigenbaum †¢ The Power of Management Capital 1. New Management for Business Growth in a Demanding Economy 1 1 Text Jones−George †¢ Contemporary Management, Fourth Edition I. Management 17 17 2. The Evolution of Management Thought Hughes−Ginnett−Curphy †¢ Leadership, Fifth Edition I. Leadership is a Process, Not a Position 51 51 70 1. Leadership is Everyone’s Business 2. Interaction between the Leader, the Followers the Situation Cohen †¢ Effective Behavior in OrganizationsRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesLibrary of Congress Cataloging-in-Publication Data Robbins, Stephen P. Organizational behavior / Stephen P. Robbins, Timothy A. Judge. — 15th ed. p. cm. Includes indexes. ISBN-13: 978-0-13-283487-2 ISBN-10: 0-13-283487-1 1. Organizational behavior. I. Judge, Tim. II. Title. HD58.7.R62 2012 658.3—dc23 2011038674 10 9 8 7 6 5 4 3 2 1 ISBN 10: 0-13-283487-1 ISBN 13: 978-0-13-283487-2 Brief Contents Preface xxii 1 2 Introduction 1 What Is Organizational Behavior? 3 The Individual Read MoreProject Mgmt296381 Words   |  1186 Pagescustomers outside the United States. This book is printed on acid-free paper. 1 2 3 4 5 6 7 8 9 0 WVR/WVR 0 9 8 7 ISBN 978-0-07-340334-2 MHID 0-07-340334-2 Editorial director: Stewart Mattson Publisher: Tim Vertovec Executive editor: Richard T. Hercher, Jr. Developmental editor: Gail Korosa Associate marketing manager: Jaime Halterman Project manager: Harvey Yep Production supervisor: Carol Bielski Designer: Mary Kazak Vander Photo researcher: Jeremy Cheshareck Media project manager: Cathy Tepper CoverRead MoreFundamentals of Hrm263904 Words   |  1056 Pagesbetter study smarter save money From multiple study paths, to self-assessment, to a wealth of interactive visual and audio resources, WileyPLUS gives you everything you need to personalize the teaching and learning experience.  » F i n d o u t h ow t o M A K E I T YO U R S  » www.wileyplus.com ALL THE HELP, RESOURCES, AND PERSONAL SUPPORT YOU AND YOUR STUDENTS NEED! 2-Minute Tutorials and all of the resources you your students need to get started www.wileyplus.com/firstday Student

Environmental Problems Improving the Quality of...

Improving the Quality of International Agreements Human production and development systems have increasingly made use of the earths resources, gradually leading to what can now be described as environmental crisis. Without immediate and future concern for the ways humans treat the planet and surrounding atmosphere, humans could be the creators of their own destruction. Economic, social, and political systems have all added to the degradation of the environment, such as mineral resource extraction, wars, political boundaries, and policy for actions taken within those boundaries. In order to attack the root causes of environmental destruction, we must first confront the reasons behind human actions, and develop ways to overcome the†¦show more content†¦Canadas position internationally should be to promote significant environmental and social values and concerns. Canada must respect and employ the most appropriate actions and efforts of other nations in the facilitation of environmental concern, while promoting its own ideas a nd knowledge. Facilitate International Co-operation A primary requirement in the global effort to promote environmental concerns and raise awareness of environmental problems is increased co-operation between nations. Canadas position at the Earth Summit should be to promote the ability of nations to co-operate, emphasising improved diplomacy and interaction. Environmental degradation is presently occurring throughout the world, and is the result of international social, political, and economic processes and movements. The environment is an open system, and the causes and effects of pollution are not constrained to any anthropocentric boundaries. If we are to improve our situation world-wide, Canada must work together with other nations to incorporate international concerns, knowledge, and action. Many attempted efforts to promote international agreements in the past have been acknowledged, but many have failed to gain overarching support and complete dedication from the majority of involved nations. The Kyoto protocol, for example,Show MoreRelatedDesertification As A Global Problem1138 Words   |  5 Pages(Hellden 372). Although less publicized, desertification is an issue that requires international cooperation as the victims of drought, famine and the numerous environmental problems of dry lands are over 250 million, and more than one billion people in over 100 countries are at risk (â€Å"Desertification as a global problem† 1). Additionally, desertification tends to affect communities in poverty, thus international cooperation and sharing of global resources is required to solve the issue. The UNCCDRead MoreA Brief Note On An International Environment Agreement1310 Words   |  6 PagesAssignment 2: Individual Research Paper on an International Environment Agreement United Nations Convention to Combat Desertification: Empowering Local Populations to the expense of concrete results Introduction The United Nations Convention to Combat Desertification (UNCCD) was adopted in 1994 as a product of the Rio Conference which took place in 1992. It attempts to combat desertification which is defined as â€Å"land degradation in arid, semi-arid and dry sub-humid areas resulting from variousRead MoreEnvironmental Scarcity And Food Insecurity786 Words   |  4 PagesA. According to the FAO estimation, there are 840 million undernourished people in the world, and 95% of them are from developing countries. B. Environmental scarcity and food insecurity are critical factors that intensify the issue of malnutrition among people in most developing countries. C. d. Evidence health issue: - protein-energy malnutrition (PEM) refers to a form of malnutrition where there is lack of calories and protein intake. There are two kinds of PEM: the nutritional edema andRead MoreClimate Change Is A Collective Action Problem1712 Words   |  7 Pagesdevelopment on the environmental degradation in the long term (p. 4). There is also no linear association between economic growth and environmental deterioration, as maintained by Ferguson et al. (1996, p. 28) that the existing evidence â€Å"cannot be used to justify a view that economic growth (†¦) will automatically be good or bad for the environment† (cited in Neumayer 1998, p. 16). The climate change impacts of greenhouse gases threaten the economic development and environmental quality. These threatsRead MoreThe Impact Of Development Strategies On Economic Growth And The Quality Of Life For An Economy Other Than Australia1159 Words   |  5 PagesAnalyse the impact of development strategies on the economic growth and the quality of life for an economy other than Australia. (20 marks) Globalisation, is the process of increasing integration between different countries and economies resulting in the establishment of a single world market and the increased impact of international influences on all aspects of life and economic activity. China’s global integration has assisted their impressive economic performance and the associated improvementsRead MoreLogging And Land Conversion Activities For Agriculture And Palm Oil Plantation1605 Words   |  7 Pageseconomic, social, and environmental loss, posing serious health risk and inflicting regional tension (Jones, 2014; World Bank, 2015 Islam et al, 2016). The government of Indonesia has introduced a number of legislations regarding the prevention and prohibition of burning forest and land, such as environmental protection and management and the control of pollution and environmental damage due to land and forest fires, however, it is far from satisfactory in tackling the THP problem. In terms of ASEANRead MoreE ssay On Fair Trade And Free Trade1174 Words   |  5 Pages provide service to planetary protection, and pay minimum wages. Free trade removes the boundaries between all parties by permitting international export and import, cutting out all taxes and tariffs, allowing extremely low minimum wages, and authorizing negligible worker protection. The debate around free versus fair trade is an unsettled problem in international relations which is constantly approached by polarized political views. In this essay, I will attempt to distinguish the differences betweenRead MoreTrading: Global Level1225 Words   |  5 Pagesintercede in third world economics must be indicated. All of which must be derived from chapter #6 #7 of Carbaugh’s discussion within the text to both support and extrapolate a conclusion (Poolen, 2013) (Carbaugh, 2011) . Developing nations’ problems, trade policy, export growth, or industrial policies should be addressed as topical discussion for this a ssignment. Analysis of internal as well as external governmental factors must be included in the extrapolation to include political and economicRead MoreThe Impact Of Globalization On Public Health1208 Words   |  5 Pageseconomic growth are improving health services and prolonging the lives of people in industrialized countries. Developing countries, especially the least developed ones, still need to establish sustainable health systems so that, at a later stage, they can benefit from that development Globalization of technology could help to save people life because the improvement of medical equipment. Technological advances, the decomposition of human genotypes and rapid economic growth are improving health servicesRead MoreIfrs Vs. Gaap Ifrs923 Words   |  4 Pagesbenefits of IFRS can not be seen until later point because of the fact that it takes some years for the harmonization and to have enough and sufficient years of financial statements to be made under IFRS to benefit and improv e consistency. Their main problem of converting to IFRS that has stressed with high importance is the usage of fair value as the primary basis of liability and asset measurements. And the spectators and interviewers think that this principle will bring increased volatility as the

Recruit - Select and Induct Staff

Question: Discuss about the Recruit, Select and Induct Staff. Answer: Recruitment, selection and induction Volunteers, while joining any organisation are guided by certain expectations and motives. They come from diverse backgrounds and interests. They all have miscellaneous experiences and skills. It is thus very important to be sure about how to appoint these volunteers that best fit the criteria of your organisation. Moreover, the volunteers feel cherished at work. To catch the attention of volunteers who fit the need of your organisation and add to the programs you must be well aware of the kind of volunteer roles that are necessary to achieve the objectives of that program. You must be able to judge if these people suit the roles to affect the program positively. An appropriate policy on how to choose the correct volunteer helps in ensuring that you have a clear understanding about: What sort of volunteer-based facility you are offering How will you recruit the volunteers to work in your organisation What sort of people you plan to recruit for the programs How the volunteers will be engaged It also summarizes your way of locating and appointing the volunteers. For example, the function of the policy might be to make certain that: The positions available for volunteering are filled up with the people appropriate for it You must ensure that all the selections conducted maintain a fair and are based on merit Selection as well as recruitment policies and processes should adhere to and maintain the Equal Opportunity Policy For recruitment in all the positions of the volunteers a standard approach is taken up Even if the procedures keep varying between the different organisations but it should summarize how the policy will be executed in reality. You should describe the process with proper reference to whichever checklists, forms or documents that are needed. You might include the following points too: If you want to create an opportunity for volunteering or create an advertisement for that, do you need permission to do so? If yes, what is the procedure of getting it approved and who can approve this? If the job descriptions are written, who are responsible for writing them? There will be unsuccessful candidates, who will take care of letting them know about it? Selection The process of selection comprises of choosing the person who meets the needed requirements of the position in the most appropriate way. The process must be transparent and fair. Thus, the whole process of choosing the best volunteer for any vacancy must follow a clear process. It may also protect you in case there is someone who applied and is not appropriate for the role. Selection of individuals for any vacancies in volunteering roles consists of an informal talk concerning the requirements and the position of the job. Other organisations usually follow a rather formal process of selection. Your policy should clearly point out if the following points are required or not as a part of the policy Addressing the selection criteria Application form Interview Attendance at information sessions or workshops Following up and checking of the personal references provided Timelines Checks Checks The volunteer policy of the organisation usually mentions various points of checking. These checks are important for recruitment of volunteers in that organisation. They are: A policy check Identity proof Certifications or qualifications Previous work history Any medical history relevant to the job A working with children check The recruitment process finally ends with orientation. All the recruited individuals are now welcomed as new members of the organisation. These new members receive adequate information about their position in the organisation along with daily operations. They become aware of the key or important people in the organisation on the day of orientation. The main aim of a well planned orientation or induction process is to lessen the stress of the new volunteers. With proper knowledge about the daily operations and important people in the organisation the volunteers feel more at ease while assuming their position. A well planned orientation must have enough time when you can talk about the details of the job like working hours, various responsibilities and expectations. A printed copy with this information will help them remember these easily. Orientations also include the following: Familiarise the new volunteers with resources, equipments and facilities Go through the opening and closing times of the organisation Properly explain the emergency and evacuation plans and processes Provide copies of the current annual reports, marketing material and newsletters Give a suitable introduction to your organisation Provide a copy of volunteer responsibilities and volunteer rights Introduce the key staffs and volunteers of your organisation Familiarise the new volunteers with operations that are needed daily like using the photocopy machine, alarm systems telephone, filing system, keys, kitchens, etc. Familiarise the new volunteers with the various procedures and policies, which include sexual harassment, disputes and complaints resolution, equal opportunity, safety and health Provide whichever specific training that is necessary Recruitment Recruitment is the process of seeking out and acquiring a host of potential applicants with the considered necessary skills, experience and desired knowledge. The organisation chooses the most suitable individuals to take position of the available vacancies against job descriptions and essential specifications. The main function of the recruitment procedure is to gather the widest pool of candidates so that the organisation has the greatest opportunity to go through and choose the best suited people for the vacant positions of the organisation. Obtaining the best candidates for the needed roles will result in competitive advantage for the organisation. An organisation may be effected negatively with ineffective recruitment. Ineffective recruitment usually produces enormous disruption, interpersonal interruptions and difficulties in operations, highly reduced productivity, customer services as well as long term costs. Selection Selection is the process which includes testing or interviewing or reference checking or all three together to filter out the most appropriate candidate among the pool of applicants that have been previously identified through the process of recruitment. This process assures the most suitable individuals or candidates to be appointed for the roles by applying the means of fair, equitable and effective assessment activities or tests. Key Criteria Selection The other name for job selection criteria is KSC, that is, key selection criteria. These criteria are designed in such a way that they help the organisation an accurate match between the skill set of an individual and the requirements of the vacant position. Certain sections of government have need of applicants responding to very specific KSC. You will not be allowed to clear the procedure to reach the interview stage irrespective of your skills and abilities if you do not fulfil the mentioned criteria. As requirements vary from agencies to departments, you must check and re-check the information you provide on the application form before submitting it. Some pointers to get started Understand the requirement of the job as well as the key selection criteria Think carefully to come to a decision if you are eligible for the job Gather information about the employer of the organisation Understand the requirement of the job as well as the key selection criteria To start with, study the description of thee position carefully including the key selection criteria. Read up on the other collected relevant and necessary information regarding the job. You can call the contract officer to clarify any doubts you encounter during the normal office hours. Their contact details are provided along with the job description and they will happily respond to your doubts and queries. There are three main parts of position description Values Values inform you about the ways the organisation functions and its expectations from the employees. If you wish to work with the organisation you must be comfortable with their values. You should also check if this is the way you wish to work. Accountabilities Accountabilities can be described as an inventory of the daily responsibilities along with the errands of the role. Each job has a point of focus- for example, some are focussed on managing resources, some on supervision, etc. It is important that your interests and career backgrounds line up with the accountabilities and requirements of the role. Key selection criteria Candidates must be chosen o the basis on merit which requires fair and consistent assessment of the contestants. This is enforced by law. We achieve this by offering key selection criteria for each job and all applicants are tested against this. You can notice while applying for any ob, the KSC for the particular job is clearly mentioned in the job description section so that you are fully aware of what are the basic requirements. You can check out the job advertisements on any career website for understanding this better. The KSC sketches out the skills, qualities and knowledge necessary for the job. For certain jobs you are required to write attractive which promote and explain your capabilities against the KSC. You must provide these statements against specific examples or situations. Maybe you have had experience working in similar posts in other industries or have special interest towards it. Keep in mind all these things while applying for the job. Being capable of writing a proper and excellent KSC reply statement ultimately prepares you for the interview stage in the selection procedure. You are now well versed with the specific examples which will help you satisfy the questions about the capability of performing well in the job. We will be well informed about your suitability and ability to fulfil the job when you provide a description of how you meet the KSC. You can either cut-paste from a document you have already prepared previously or type it out in the space provided on the application forms. Be careful about the grammar and spellings. KSC statements traditionally comprise of a combination of personal qualities, skills experience and knowledge. For example, you may write Ability to maintain as well as develop processes and systems of mail distribution and Ability to perform under pressure, meet mentioned deadlines, prioritise tasks and maintain tolerance to describe yourself. Nowadays key capabilities are focused on while describing job selection criteria. They include: Resilience staying calm under pressure; abilities to cope with setbacks; accept all sorts of constructive criticism and perform better. Problem solving- identify and workout viable solutions; seeking problems from different perspectives; ability to see all pertinent facts; capacity to draw sound inferences.

Addressing Cloud Computing Security Issues â€Myassignmenthelp.Com

Question: Discuss About The Addressing Cloud Computing Security Issues? Answer Introducation Suitable for global organizations this project considers technology risk challenges such as future skill deficit. Banking operations at Aztek need servers, storage and databases management systems for numerous internet applications. Outsourcing saves on costs because Aztek only pays for services and software applications that it can accesses and use. However, compliance to business terms is necessary. Aligning Azteks project plan with its mission and values is important. It is also critical to ensure that the resources are available for the project. Aztek has an objective of implementing continuous improvement practices in its operations and functions. By setting aside resources for this plan, the company is able to avert current and future risks. A good plan guides the company in the adoption of risk management strategies such as insurance. It also encourages compliance by the business companys teams. The implementation of risk management encourages the fulfilment of business goals because it scrutinizes all areas of Aztek. Outsourcing Cloud Computing Economies of scale in cloud computing advocate for reduced costs for IT systems as an operational risk management tactic. Risks present liabilities and high cost of management(Benlian Hess, 2011). Making wrong decisions about the IT capacity needs for Aztek contributes to the risk factors. Websites operating on common applications like ecommerce are at a high risk of manipulation from cybercriminals. An effective transfer of IT app1.lications requires a reliable and safe infrastructure system. The company needs updated cloud solutions for its mobile devices, webservers, and data storage or recovery. These must be free from fraud. Making company websites accessible to multilevel, multidimensional and group systems requires effective models within the legal framework. The development, configuration and administration of applications in the global environment include privacy. Transfer of IT Applications Samandari, Havas, Harle ( 2016) identify future risks in the banking industry to identify technological disruptions among the issues of focus. Although innovation provides solutions to banks and services, it presents fresh challenges every day. Aztek deals with metadata and technology helps in portfolio management, detecting inconsistencies and making projections. Accuracy in the banking sector is a necessity and automated machines such as the ATM and mobile banking cannot afford to make mistakes. IT applications lower the risks giving the bank a competitive advantage. Of concern are privacy issues, data protection and error free business modelling. Definition of Risk E-commerce is a platform for business engagements using the internet(Chiu, Wang, Fang, Huang, 2014). Cloud computing used in the financial sector include the website links and knowledge management systems. These allow for third party access hence security and training concerns emerge. The use of cloud computing in banking services is questionable because of the banking business model. Banks are financial companies but they also stand out as well as high-risk businesses. A risk in this case is the unexpected occurrence, which may hinder the successful implementation of objective 2 of the planned portfolio. The foreseen danger may occur in any form hence there is no certain definition of its magnitude or specific. The planning process involves a cycle process of taking actions against the challenges and evaluating the controls. This is a flow showing the mission, strategy, goals and goals of Aztek as a company and its IT plans. Stakeholders play a key role in defining the process. Regulatory measures and Best practice Licensed under the Australian Banking Act, the financial regulations affect its operations(Hooper, Martini, Choo, 2013). Aztek also designs risks with consideration for the finance industry laws for credit facilities, labour laws, customer relations and banking services apply. The harmonization is under the: Good governance and conduct Privacy and personal data protection Business regulations and operations E-commerce global regulations Project Impact on Current Security Aztek strategic risks cover wide areas including corporate banking, which accommodates for its plans to venture into business alliances. Top on its plan is institutional compliance in which the Bank fulfils its responsibilities of implementing, managing and providing financial security(Rittinghouse Ransome, 2016). The IT outsourcing plan expounds on its agenda of providing reliable information to the stakeholders. Awareness creation and the implementation of risk control is important for both internal and external stakeholders. The bank has in place a system of risk management for its internal operations but it needs an elaborate framework for an external IT related plan. Current plans Azteks Risk management plan comprises of an overall organizational design as well as the departmental breakdown. The framework covers financial risks, governance, credit, developmental, strategic and operational risk levels. This plan derives its motivation from the global threats faced by the financial industry. Top on its list is the liquidity risk followed by technology and organized crime(PWC, 2017). The Australian banking service is an industry, which revolves around the consumer. Efficiency is an important factor in its value chain. Innovation also has a major role in organizations and is a best practice for the banking industry. Aztek as a company has a risk management team whose responsibility features: A risk framework for Aztek and the financial industry Development of a risk strategy and treatment plan Oversight of the risk management agenda Monitoring and ensuring compliance of the plan Coordinating risk management activities across the business Carrying out internal audits for new risk framework IT Security Risk Factors IT Security Policies and Procedures at the company also have structures laid out 3 years ago. Its focus was initially on risk assessment but industry trends indicate the importance of risk management. Its agenda was to address gaps in the infrastructure and they include three levels namely, the infrastructural, software application and development (Zissis Lekkas, 2012). Cloud computing is an advanced technology that falls under this docket. As a software model, it comes with a structure and model that is distinct and critical to Aztek IT systems. It comprises of the change in technology featuring systems designed for the banking services. This change comes from demands in the global sector. The complexity of technology systems and applications calls for risk management by leveraging the company installations with global expectations. Risk assessment leads to strategic approaches to combat and deal with the impending and potential risks. Supply chain risks are inevitable and corporate governance regulations allow the bank to undertake these risk analysis and implementation. The drivers of value creation in risk management is the stakeholder who comprises of large and small companies (Upper, 2011). Risk assessment considers: Possible situations that could happen Process of his could occur What impact it could have on the system Solution to this problem The New Plan In the new plan, risk management considers the risk assessment factors as well as crisis management using a modern approach(Bessis, 2011). It incorporates liquidity risk management and the use of technology services and products. The growth of the online business brings fresh risks for the financial IT systems because consumers now have to make most of their transactions using credit cards. Online transaction risks include credit risks, market challenges, operational and liquidity challenges. The contemporary system has configurations and computer applications to address these issues. Risk management planning highlights the possible risk avenues in order to describe concrete solutions. Outsourcing IT is a major factor affecting Azteks financials and business performance. Its outsourcing framework is an interesting business model that involves a third party service provider. Cloud computing is a new approach to collective operations. IT comprise of an innovative structure that involves a third party supplier. This means the introduction of a new security plan for Aztek communication and information systems plan. It starts with the identification of its security threats and quality business processes. This brings in the IT and Information Systems configuration. Challenges Advanced technology challenges keep advancing over time. This needs strategy improvements to tackle its complex nature. The introduction of collective computing systems provides opportunities and challenges. The new business model targets deeper connectivity and quality management(Bessis, 2011). Reputable banks prepare for uncertainties across through risk management services and products. Online credit risks include the protection of customers personal data and unauthorized access to credit card data. Value Creation Reputational risks include loss of respect in public image or consumer trust. This happens when the stakeholders question the capability of Aztek to carry out its financial services effectively. Reports about the bank or its customers losing data gives a negative image on the company. It gives a negative impression of the brand and customers lose confidence in the company. The company needs a system for detecting crime and credit underwriting. Having an early warning application gives it an edge over the competitions. In the IT financial industry, having insight on the potential risks for outsourcing services is important(Low, Chen, Wu, 2011). Operational risks The introduction of an external cloud process brings new changes such as the introduction of new people, systems and procedures. Change Management arrests the impending risks arising from human and computer generated risks. The computing systems could relay incorrect data or it could leak information to criminals. Data management solves this problem by providing security installations, making changes on personal data safety, permits or licenses. It checks the facilities, capital, space, emergency, and the operational environment. Liquidity risk The reduction of losses is important for the business because it upholds the companys assets and customers. Liquidity risks include daily loses in cash transactions. Security installations in mobile banking is an effort to reduce these risks. Globally secure mobile and internet banking is a problem. Aztek needs concrete plans for this. Credit risks This covers the largest risk factor for banks in the global system. Customers access services through cloud systems and installation applications. Its dangers come from loans, foreign exchange, swiping, equities, trade financing and forex. The modern consumers uses the credit card services for online shopping and payments. Banks face threats from unsuccessful transactions arising from failed processes. The introduction of mobile banking services on mobile devices is due to customer demands, and market changes. Other risks in credit loans include credit delays, the loss of funds due to credit transactions, calculations, exchange rates and exchange value settlement different. Market risks Economic recession and financial trends determine the pricing, interest rates, forex rates and fines. Placed on consumers by the bank it brings about fluctuations in currency, commodity and equity. The contemporary consumer prefers low interest costs and banks, which have long-term strategies against their competition. Business risks include national, regional and global management issues. There are risks arising from systematic risks, which affect the economy of the bank. The external environment such as cloud computing shapes the trend in the market systems. It comprise of perceived risks such as failed investor risks(Fahlenbrach Stiultz,2011). Compliance Contracts address issues such as leases and sponsorship for the projects. In a global organization such as Aztek, the Australian regulations and statutory laws apply(Governement, 2015). These involve employees and the community as well as company installations. Engaging in a business model with an external service provider has challenges among them is the challenge of breach of contract. The Codes of conduct ensure compliance to the rules. Clients need a clear understanding of the terms and penalties, loss of revenue purchasing practices, and litigation challenges. Risk Analysis The success of this project depend on effective management approaches including an analysis of the potential risks. These require an effective management support system. An effective plan looks at the risk factors in a project in order to measure their viability. The Aztek IT Risk Assessment lead involve different stakeholders and technologists hence an effective decision-making process is required. The Australian government incorporates cloud computing among ICT arrangements as illustrated below(Kluwer Delbaere, 2016). Risk management identifies the potential risks, vulnerabilities and the risk control processes. When developing competitive processes, the financial organizations must be aware of the need for compliance with the legal framework affecting business continuity, cloud service provider, and service location. The Risks, Vulnerabilities and Threats Cloud computing and IT installation of technology from external sources poses risks. The project plans to make installations on laptops, pads, tablets and mobile phone devices. Each of these devices face challenges and exposure to malware and other effects. The incorporation of a corporate-wide email for archive systems need a compatible and compliant design. Upgrading applications on desktop operating systems also needs IT Security Policies and procedures. In order to understand the risks, it is crucial to understand vulnerabilities, threats and risks(Grobauer, Walloschek, Stocker, 2011). This clarification provides a guide on the types of risks involved in the process. Threats This is a potential cause of alarm for an organization. It includes system interference. Different agents of these threats include criminals, bank fraudsters and organized criminals. Aztek needs a plan that foresees this as a future challenge for the organization. The legal framework admonishes the financial service provider from compromising client assets. In order to prevent this failure, and combat theft, the plan makes provision for better security software and the training of its employees with codes of conduct for risk aversion(Cappelli, Moore, Trzeciak, 2012). Employees can also become threats if they are not aware of the risks. Competitors often use employees to steal crucial information and company data. The company needs protection from hacking systems and unauthorised access. In some regions, access by government and terror groups(Martini Choo, 2012). Contemporary criminals have the capacity to fabricate identity for unauthorised entries. Vulnerabilities Defined as weaknesses characterising a system, the vulnerabilities expose the system to threats. An example is weak passwords, insecure online banking and constant cyber-attacks. Data security requires privacy protection as one of the major safety measures(Chen Zhao, 2012). This service delivery approach is crucial for cloud computing which involves different IT experts and networking systems. Public clouding is vulnerable to software bugs and information leaks. Broken financial processes also expose the system to such threats. This calls for changes in hardware and software installations. Aztek needs effective measures such as backup systems and prevention of human errors. As part of its customer service, the brand needs to inform its customers about the value of having stronger passwords and protecting personal computer devices. Aztek might consider using top security OS such as Apple devices. Risks Consequences or potential losses or damages leading to the destruction of Azteks assets. This is a result of a vulnerable system or applications such as password access. Cybercrime is one of the major problems facing business organizations today. Cyberstalking and profit-oriented criminals exist in cloud systems. Aztek as a group needs to invest in software applications and systems, which prevent such disruptions. Failure to do so exposes the company to threats of money losses, compromised privacy, loss of confidence and legal suites. As a best practice, the company invests in quality systems that enhance its reputation as a safe financial service provider(Gonzalez, et al., 2012). Data damages such as service interruptions and network unavailability is another risk. In such a case, the company needs to make changes such as upgrading the systems of modification. Practical law for IT in the finance industry includes outsourcing issues(Wang, Wang, Cao, Lou, 2012). These regulations provides guidelines for procedure such as hiring global consultants, purchasing software applications for the office functions and integration of Aztek services with other businesses. A merger between Aztek and a technology company needs clear business terms. The international, local and national environments have adoption and integration. The two companies forming the merger operate within a contract policy that determines payment for technology services or software application. Risk management tackles any issues of conflict that may arise. It shapes an effective framework that includes policy changes and regulations from the industry and the two companies. Infrastructural Framework Poor Management of legal arrangements poses threats to the company image and workforce. Exposing employee data, Aztek facilities and commercial processes makes the organization vulnerable for attacks. A crisis arises when hackers access the company website and share the information to competitors. Research indicates that Australian banks are among the most vulnerable globally(Bavas, 2015). The findings by Kaspersky Lab a cyber-security firm indicated the advancement of criminal networks, which monitor banks and employees to fleece the company of millions through customer account. Aztek has the private cloud system for its employees across different branches and it has software installations for different services accessed by the consumers. Other stakeholders such as partners also have portals. A reliable infrastructural network that is free from third party access hinders interference from hackers, and malware. Compliance with legal terms helps customers to download applications from reputable company sites. It thus prevents the risks by controlling damage. In case of a breach, or IT systems exposure to fraud, the company also needs a crisis management plan. This includes reorganization of the system and infrastructural networks. Risk management mechanisms have consideration for components such as events, changes in technology, target profile, negative public perception and software manipulation. A comprehensive solution has provisions for Abuse from legitimate users, illegal or rogue users and software vulnerabilities. Sometimes additional installations pose a threat hence Aztek needs an authentic database and Denial of Service (DoS) installations(Zargar, Joshi, Tipper, 2013). Data Security Cloud computing service models comprise of infrastructural systems (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS)(Subashini Kavitha, 2011). Security installation at all these levels is necessary. Mitigating the risks calls for strengthening the IT systems in order to prevent stolen passwords. This includes security installations in multimedia applications for downloads and uploads. Regular hardware and software maintenance must be in place. This includes checks against any communication vulnerabilities that may arise. Employees and other human vulnerabilities also need to be in check. Assessing IT Risks Assessing the IT systems for risk in business terms is critical because it highlights the quantitative and qualitative risk management approaches. This comparison identifies the external factors, internal manipulations and system errors. The quantitative analysis points out the incremental attacks and interference from other channels. It takes note of network weaving and frequency in authorization attacks. It facilitates for the identification of information vulnerabilities arising from IT capacity and software disruption as well as scripts. The quantities risk quantifies objectives, decisions and achievable metrics such as costs and schedules or targets for system installations and upgrades(Shaikh Karjaluoto, 2015). This gives a higher quality analysis with data variations for a better risk analysis. It gives projections for the projects timelines too. Qualitative analysis looks at the business trends and management challenges. It recommends weaknesses in business processes and inadequate controls for effective change management. This form of risk assessment, which facilitates for the classification of risks. It also indicates the relationship between causes of IT insecurities for Aztek and its cloud systems effects. This helps to identify the pros and cons of the broad network access used in the project, which advocates for the use of mobile phones and tablets(Benlian Hess, 2011). Although the quantitative analysis provides for a deeper understanding, it takes time and it may not explain the probability. It is important to have a practical description of the threats for an understanding of the impact and extent of the risk exposure. Therefore, both methods are effectively used together. The qualitative analysis checks for performance metrics in order to bring out the occurrence of the threats. The distribution of the risks helps stakeholders in the industry to make the necessary changes such as system upgrades. Aztek depends on the quantitative risk factors for mathematical simulations but it needs to combine the risks for effective application across the projects. Cloud computing and installation of external software involves a complex IT project that needs software and system applications(Aleksandro, Fedorovich, Victorovna, 2016). Insurance As IT risks continue to advance, companies adopt smart tactics such as risk insurance because technology is expensive. Managing risks calls for limitations or risk transfers. Based on the fact that risks are inevitable in clouding and technology installations, this approach examines the company profiles to create a plan for acceptable and unacceptable risks. Business risk liability can bring down a multinational company hence liability insurance includes IT for data protection and recovery. This is a cover plan for uncertainties(Corner, 2013). It caters for data migration, risk mitigation and insecurities faced by businesses today. The availability of a wide variety of insurance plans includes personal devices such as laptops, pads, and PDA. Such networks are prone to attacks from malware and the financial industry is at the highest risk. In Australia the law is unclear about the external storage of data hence most companies are sceptical about cloud computing insurance. General liability caters for risks in business activities including data damages and losses(Jain Shanbhang, 2012). Risk rating guide Insurance risk rating compares the losses and the compensation. In IT insurance, there are provisions for short-term and long-term coverages for systems protection. The ratings addresses security breaches, down time and effects that this may have on users(Cloud Insure, 2014). In this case, it protects customers from server complications and inconveniences. This is a business strategy for Aztek as well as its IT cloud service provider. Forming partnerships in the acquisition of insurance is one way to overcome these liability challenges. Conclusion Aztek is a financial service in the contemporary system where technology is part of management practices. Innovation improves functions and operations in a financial business. As a best practice, industry players invest in it for successful implementation. This report analyses cloud computing and software installations as a major project underway for Aztek. 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