Journals reading Essay Example | Topics and Well Written Essays - 750 words

Journals reading - Essay Example Additionally, these guidelines are necessary for guiding the decision-making the process of the writer. Just like the writing process demands the writer to come up with everything before writing, artists also look for ideas and inspiration before beginning their artwork. They brainstorm and come up with various ideas they feel suitable to their topic or intention. Equally important, the artist also plans and structure before painting (Armstrong 24). The article uses direct speech quoted from various speakers. Use of direct speech is important in sentence construction since it makes the message look authentic and real to the reader and different audience. Furthermore, it also limits distortion of the message because it is quoted. According to the chapter Planning, the cool down is the reduction in intensity of writers’ frustration and temper. Various authors when faced with difficult writing tasks always develop frustration and anger that leads to random thinking. Through random thoughts, writers get the ideal and perfect opportunity to cool down and rationally think. As a result, they manage to solve the problems and eventually start writing. Moreover, free writing is the best and most useful writing strategy. According to Stafford, free writing is useful since it allows the writer to write various articles or material quickly (32). It also helps writers to enhance their speed, creativity, and memory. Equally, free writing provokes critical thinking since a writer is expected to write what he/she can recall. Moreover, it ensures construction of relevant and detailed work because writers are expected to proofread. Through proofreading, writers can remove irrelevant and unusual points or sentence from their work. They also correct grammar and spelling mistakes in their work. Besides, Speculation is to conceive or try to figure out an idea without knowing the exact meaning or purpose of it. Speculation of ideas is important to

Corporate Risk Management Assignment Example | Topics and Well Written Essays - 2250 words

Corporate Risk Management - Assignment Example Derivatives Derivatives refer to a method where one party owning a risk transfers the risk to another individual (Malz 189). The party receiving the risk bears the risk but at the same time has the advantage of making a profit is the risk does not materialise. The original owner of the risk does not have to pay anything to the risk buyer but has to forego any benefits derived from the non-occurrence of the risk. The advantage of this method of risk management to the business over using insurance is that the business is not obliged to pay any insurance premiums and therefore the only cost is the opportunity cost which the business has to bear due to not being able to benefit when the risk does not occur (Deventer & Imai, 48). The market for derivatives has grown significantly for some time, perhaps because of the increasing risks in the global business environment. Globalisation and technology have brought numerous opportunities to the business environment but at the same time brought numerous risks to businesses around the worlds (Norman, 58). As several risks have increased and their intensity in terms of likelihood and impact has increased, the need to have better ways to manage the risks has also increased. In such an environment, derivatives made from financial risks have increased and there are firms which are dedicated to trading on derivatives. Derivatives come on all sorts of nature, depending on the nature of risk (Triantis, 563). Forwards Forwards are a very good tool for managing some types of financial risks. These are risks associated with unexpected unfavourable changes in the market environment in the future (Darrell, 78). For instance, a firm may be concerned that the rate of exchange will change unfavourably in the future and thus affect its revenues. This usually happens with regard to firms which operate across international borders. In this kind of scenario, the firm can choose to have a forward contract with its customers or suppliers (Verz uh, 59). Forward contracts help the business in guaranteeing that its revenues or its business will not be affected in the future by making sure that the natural laws of the market will not come into action. For instance, in the example given above, a firm may have a forward contract which binds its suppliers to deliver the goods at a predetermined dollar rate regardless of the currency exchange rates in the future. This means that such a firm will operate without worrying that unexpected foreign exchange rates will affect its revenues in a negative way. Decentralising the business functions As identified above, currency risk is one of biggest risk which international businesses have to face today. In a modern business environment, even a slight change in the currency exchange rates can lead to massive losses for firms which manufacture their products locally and sell them abroad (Gregory 57). In this regard, apart from forward contracts, there are other options which such firms can consider in order to eliminate currency risks. These include the decentralisation of business to other countries especially where the business has the biggest markets. This has been demonstrated by the recent trend of American manufacturers going to china to set their manufacturing firms there. One of the firms which have been known to have been the first one to use this strategy of