Thursday, October 31, 2019
Enron Corporation Case Study Example | Topics and Well Written Essays - 1500 words
Enron Corporation - Case Study Example Executive Summary Some stories are so unbelievable that they become Hollywood movies. One of those stories is the Enron scandal. The movie called Enron the Smartest Guys in the Room was created based on the Enron story. Enron was once the biggest company in the energy industry, but a complex fraudulent scheme that began many years prior to the revelation of the fraud led to its demise. The corporate executives of the company were the primary agents that designed one the biggest accounting scandals in United States history. Two of the accounting tools that were used by Enron to cook up the numbers were market to market accounting and off balance sheet liabilities. The company would own only 49% of a subsidiary in order not to have to report liabilities of the entity. Debt from Enron was hidden in thousands of hedge funds or subsidiaries. It was all a huge scam. The organization violated or used to its advantage a variety of organizational theories. Five of the theories that influenced the behavior of Enron management and its employees were agency problem, corporate culture, teamwork, perception, and leadership. Agency problems exist at Enron in terms of the yearly bonuses, inside trading activity, and in the partnership scheme particularly the LJM partnership. The executive management team colluded with each other in a team effort. The leadership abilities of the top executive managers were outstanding. The corporate culture of the company was based on greed, disloyalty, and unethical behavior. The managers of the company were able to create a perception of a superb company that had tremendous financial performance. This was not true since the company was a fraudulent firm. Statement of the Problem Enron Corporation cooked up the numbers by violating the conservatism principle in market to market transactions and used deceptive accounting practices to hide liabilities by creating a complex network of partnerships. The mastermind of the network hedge funds was An dy Fastow. All the top corporate executives were crooked. The traders were unethical and money hungry. In a partnership called LJM Fastow stole $45 million. The company had a rotten corporate culture where the employees had tough pressures to perform or they would be fired. The company got corrupted and collusion occurred which led to the biggest corporate crime of the 21 century. Analysis of the Problem The Enron accounting scandal was a well orchestrated machine. Prior to the whistleblower revealing the truth nobody knew that the accounting of the company was not truthful. The Securities and Exchange Commission approved the use of market to market accounting for Enron. They could have never imagined that it was going to be used as a tool for deception and financial fraud. When the company got a new energy contract they would recognized the profits immediately without any cash coming in. The executives exaggerated the benefits of the energy contracts in order to boost profits and r eceive bonuses and rewards for fake money. The company was creating monopoly money that did not really exist. In the year 2000 the company reported $1 billion in profits. The truth was that they did not make any money whatsoever. The company for years was overstating the value of the energy contracts. As time passed most of the earnings did not manifest themselves. The company in reality was
Tuesday, October 29, 2019
Criminal Sentencing Essay Example for Free
Criminal Sentencing Essay A basic question in criminal sentencing is â€Å"What are the purposes of criminal sentencing?† Scholars, too, reflect on the purposes of punishment. There are commonly four identified purposes: Retribution. The oldest but considered the most important purpose for sentencing is retribution, that is, inflicting on an offender suffering comparable to that caused by the offense. An act of social vengeance, retribution is grounded in a view of society as a system of moral balance. When criminality upsets this balance, punishment exacted in comparable measure restores the moral order, as suggested in the biblical dictum â€Å"An eye for an eye. †While contemporary critics of retribution sometimes charge that this policy lacks the force to reform the offender, it still remains a strong justification for punishment. A second purpose for sentencing, deterrence amounts to the attempt to discourage criminality through punishment. Initially, deterrence arose as the banner of reformers seeking to end what they saw as excessive punishments based on retribution. Critics asked, â€Å"Why put someone to death for stealing if that crime could be discouraged with a prison sentence?† As the concept of deterrence in sentencing gained widespread acceptance, execution and physical mutilation of criminals were gradually replaced by milder forms of punishment such as imprisonment.                       There are two types of deterrence, specific deterrence demonstrates to the  individual offender that crime does not pay while in general deterrence, the punishment of one person serves as an example to others. Rehabilitation. The third purpose for sentencing, rehabilitation, involves reforming the offender to preclude subsequent offenses. It resembles deterrence by motivating the offender to conform. But rehabilitation emphasizes constructive improvement while deterrence and retribution make the offender suffer. In addition, while retribution demands that the punishment fit the crime, rehabilitation focuses on the distinctive problems of each offender. Thus identical offenses would call for similar acts of retribution but different programs of rehabilitation. Social protection. A final purpose for sentencing is social protection, or rendering an offender incapable of further offenses either temporarily through incarceration or permanently by execution. Like deterrence, social protection is a rational approach to punishment and seeks to protect society from crime.                The different forms of sentencing used in different jurisdictions include institutional sanctionsâ€â€time to be served in prison or jail; and noninstitutional sanctionsâ€â€fines and forfeiture of the proceeds of crime, and service of the sentence in the community in the form of probation or parole. Recently the arsenal of punishments has been considerably enlarged by the creation of mixed sanctions and alternatives to either institutional or noninstitutional sanctions. The following are the variety of options for sentencing: Death penalty. In thirty-six states (as well as the federal courts), courts may impose a sentence of death for any offense designated a capital crime, for example, first-degree murder. Incarceration. The defendant may be sentenced to serve a term in a local jail, state prison, or federal prison. Probation. The defendant may be sentenced to a period of probationary supervision                within the community. Split sentence. A judge may split the sentence between a period of incarceration and a period of probation. Restitution. An offender may be required to provide financial reimbursement to cover the cost of a victim’s losses. Community service. An offender may be required to spend a period of time performing public service work. Fine. An offender may be required to pay a certain sum of money as a penalty and/or as an alternative to or in conjunction with incarceration. This leads us to the next question, â€Å"What are some reforms that have been proposed? A recent reform growing out of the victims’ rights movement in the sentencing process is the consideration of statements by the victim, known as â€Å"victim impact statements†(VIS). Twenty-six states have mandated the use of VIS in criminal cases, while another twenty-two states have adopted so-called â€Å"victim bills of rights†that include recognition of the right of a victim to present a VIS. In the VIS, the victim provides a statement about the extent of economic, physical, or psychological harm suffered as a result of the victimization. The victim also can make a recommendation about the type of sentence an offender should receive. Usually the VIS is incorporated into the pre-sentence investigation report written by the probation officer. Research has revealed that a judge’s choice of a sentence is influenced much more by legal considerations than by victim preferences in cases where VIS has been presented (McGarrell, 1999). The third reform proposal is â€Å"restorative justice.†Restorative justice has been a feature of justice systems for a long time, though it was little used until a group of criminologists in the United States and the Commonwealth countries brought the idea back to life. The term restorative justice was virtually unknown a decade ago, and it is still in search of a commonly accepted meaning. Yet, the literature related to this subject has grown rapidly, so that we venture to define it in terms offered by Howard Zehr, published in a symposium of The Justice Professional, entitled â€Å"Criminology as Peacemaking.†Zehr provides contrasting paradigms between the traditional, retributive sense of justice and the newly emerging (or reemerging) restorative sense of justice.            If the proposed reform of restorative justice were adopted, where would that leave us with respect to the traditional â€Å"aims†or â€Å"justifications†of criminal justice? As to retribution (or just desserts), we would still be limited to never imposing an obligation (sanction) that outweighs the harm done. As to incapacitation, even the staunchest advocates of restorative justice recognize that some offenders are far too dangerous to be returned to the community and that their separation from the community is necessary. But the prison population could be vastly reduced. As to resocialization or rehabilitation, the very idea is built into restorative justice, which aims at   restoring the community. Some of the current issues in federal sentencing according to the U.S. Sentencing Commission at https://www.ussc.gov. are the following: The issue on the amendment pertaining to offenses involving cocaine base (crack) and the amendment pertaining to certain criminal history rules, see 72 FR 28558 (May  21, 2007); 72 FR 51882 (September 11, 2007), should be applied retroactively to previously sentenced defendants. The issue of the Judicial Conference of the United States, the and the United States Sentencing Commission has decided to establish a standing victim’s advisory group pursuant to  28 U.S.C.  § 995 and Rule 5.4 of the Commission’s Rules of Practice and Procedure. It was stated that the purpose of the advisory group is (1) to assist the Commission in carrying out its statutory responsibilities under 28 U.S.C.  § 994(o); (2) to provide the Commission its views on the Commission’s activities as they relate to victims of crime; (3) to  disseminate information regarding sentencing issues to organizations represented by the   advisory group and to other victims of crime and victims advocacy groups, as appropriate; and (4) to perform any other functions related to victims of crime as the Commission requests. The victims’ advisory group will consist of not more than 9 members, each of whom may serve not more than two consecutive 3-year terms. The issue on New Yorks Rockefeller laws to curb the drug trade – which directly contributed to a dramatic increase in the states prison population costing the state millions of dollars, but failing to impact drug trafficking. According to a New York  Times editorial, â€Å"New York has made incremental changes to the Rockefeller laws in recent years, but has stopped short of restoring judicial discretion.†A governor-appointed commission charged with studying state sentencing practices, however, has produced a report calling for the end of â€Å"indeterminate sentencing†– the process by which a judge imposes a minimum and a maximum sentence and the Parole Board decides when to release an offender. It further suggests that nonviolent offenders be considered for community-based treatment instead of prison. Finally, Gov. Elliot Spitzers commission recommends restoring prison-based educational and training programs as a means of helping to lower recidivism rates. The website of the Sentencing Project at http://www.sentencingproject.org. mission is to promote reforms in sentencing law and practice, and alternatives to incarceration through their advocacy and research. Moreover, the Sentencing Project provides defense lawyers with sentencing advocacy training and to reduce the reliance on incarceration. Hence, the Sentencing Project has become the leader in the effort to bring national attention to disturbing trends and inequities in the criminal justice system with a successful formula that includes the publication of groundbreaking research, aggressive media campaigns and strategic advocacy for policy reform. As a result of The Sentencing Projects research, publications and advocacy, many people know that this country is the worlds leader in incarceration, that one in three young black men is under control of the criminal justice system, that five million Americans cant vote because of felony convictions, and that thousands of women and children have lost welfare, education and housing benefits as the result of convictions for minor drug offenses. Thus, the Sentencing Project is dedicated to changing the way Americans think about crime and punishment which coincide with the interests of the National Association of Sentencing Advocates. References            McGarrell, E.F. Restorative Justice Conferences. Indianapolis, IN: Hudson Institute, 1999; Edmund F. McGarrell, â€Å"Cutting Crime through Police-Citizen Cooperation,†American Outlook, Spring 1998, pp. 65–67. The Sentencing Project at http://www.sentencingproject.org. U.S. Sentencing Commission Available at https://www.ussc.gov. Zehr, H.  â€Å"Justice as Restoration, Justice as Respect,†The Justice Professional 11,    nos. 1–2 (1998), pp. 71–87.
Sunday, October 27, 2019
Why Do Small Businesses Fail And How To Minimize Risk Finance Essay
Why Do Small Businesses Fail And How To Minimize Risk Finance Essay Abstract It has been suggested that the impact of potential causes of small enterprise failure might be reduced if business owners got appropriate advice. This paper reports the results of a national study of small retail and service firms to determine the failure reasons of starting a business. Much of the literature indicates that success and failure of small businesses has a lot to do with preparation of the business owner. People who establish a plan for success are usually the people that have better chances of success with their small businesses.The primary audience for this paper are people who are considering starting their own business. A review of the literature was conducted to determine reasons for business failure. The paper concludes with suggestions of how might build on these efforts. Table of Contents Introduction P.4 2.0 Hypothesis Development P.5 3.0 What is business failure? P.5 4.0 Literature review 5.0 Method 5.1 Research Design 6.0 Statement of Results 7.0 Analysis and Discussion 8.0 Conclusion 9.0. Recommendations 10.0 References P. Introduction More and more people are considering starting their own business. By opening a business there could be large profit to be made. However, there are losses may occur as well. Some peoples argued that starting a business in a field that they know well would not fail. Knowing if starting a business at all is what most small businesses fails to consider. According to an SBA Study done in 2005, About 1/3 of Small Businesses fail in the first 2 years, and just over half fail within 4 years. (as citied in Shawn, 2009). These statistics are depressing for people looking to start up a new venture. Richard (2000) claimed SMEs in successful business networks can generate up to 50% more in gross revenues than firms that work in solitude. (p.12). However, Richard (2000) concluded that the most significant reason for this high failure rate is the inability of SMEs to make adequate use of essential business and management practices. (p.12). Abdelsamad and Kindling (1978) stated that although failure s cannot be completely avoided in a free enterprise system, the failure rate could be reduced if some of its causes are recognized and preventive action is taken. (p.24). It is important that small business owners evaluate if they are compatible with entrepreneurship in order to prevent from being part of the failure statistics. Most of the studies on business failure have been elaborated into a predictive perspective. Those business failure prediction literatures mainly analyses statistical models that tend to determine. Moreover, the predictive literature has strong limitations and it provides few clues as to why and how business failure takes place. In fact, predictive studies propose a classification of firms in a default and credit risk management perspective without giving any concrete information about the potential causes of their failure. With tough economic conditions, knowing the reasons business fail and how to avoid failure can increase your chances of success. The results of this study will benefit entrepreneurs to understand the factors of failure involved in new venture startup, to help entrepreneurs to balance between expectation and reality in the process of starting the businesses. The aim is to let business owners know more about preventive measures to avoid such failure and improve chances of success with good preparation and planning and insight. A brief literature review is presented in the next section, followed by the description of the sample and methodology, results and implications, and finally the summary and conclusions. Hypothesis Development People keen on starting a small business sometimes forget about the managerial and entrepreneurial skills necessary to run a business. According to Steiner and Solem (1988), key success factors in small manufacturing businesses would include an owner/manager with experience in the business or prior experience; adequate financial resources; a competitive advantage based upon customer and product specialization; and strategic planning.(p.5). (as citied in Linda Shonesy Robert D. Gulbro ,1998).When going to start a successful small business, you are required to have expertise in business planning, financial management, marketing, human resources management etc. Business knowledge should be on the top of any requirements for small business success. If you dont know anything about the products, how can you sell the products to customer? You can acquire this knowledge through trial and error when starting a small business, but you will probably have to declare bankruptcy before you learn them all. My theory is that lack of entrepreneurial skill is the main reasons of small business fail. Many people think the business would not be failed if resources provided, such as capital and manpower. Of course, financial management and business planning are also absolute necessities for being a successful entrepreneur. Certainly, you are unable to satisfy customers without these skills. In brief, the question is, however: is entrepreneurial skill the most important factor to prevent business failure? What do we mean by Small Business? Every country has own definition of small business. Some of them defined for different business sectors or industries, while some determined by number of employees. Typically, definitions are based on the number of people employed. For example the traditional definition in Germany had a limit of 500 employees, while in Belgium for 100. In the United States, small business is defined by the number of people employed and it refers to less than 100 employees. There are lots of different definitions of small and medium sized firms. In the recent literature, there is nevertheless a large tendency to differentiate between micro, small and medium size firms. Medium sized firms have a structure and an organization that tend to be closer to the ones of large firms and as the impact of human and psychological factors is less important in these firms than in smaller one. This research is based on the definition of small businesses adopted by the European Commissions definition (2003). Table 1 summarizes the criteria which delineate small business. Enterprise category Headcount Turnover or Balance sheet total medium-sized à ¢Ã¢â‚¬ °Ã‚ ¤ à ¢Ã¢â‚¬Å¡Ã‚ ¬ 50 million à ¢Ã¢â‚¬ °Ã‚ ¤ à ¢Ã¢â‚¬Å¡Ã‚ ¬ 43 million small à ¢Ã¢â‚¬ °Ã‚ ¤ à ¢Ã¢â‚¬Å¡Ã‚ ¬ 10 million à ¢Ã¢â‚¬ °Ã‚ ¤ à ¢Ã¢â‚¬Å¡Ã‚ ¬ 10 million micro à ¢Ã¢â‚¬ °Ã‚ ¤ à ¢Ã¢â‚¬Å¡Ã‚ ¬ 2 million à ¢Ã¢â‚¬ °Ã‚ ¤ à ¢Ã¢â‚¬Å¡Ã‚ ¬ 2 million Table 1: Definition of Small and Medium sized Enterprises (European Commission, 2003) Definition of Business failure We have to consider the meaning of the business failure concept during the research. Some researchers defined their meaning of failure as bankruptcy, while some researchers defined as discontinuance of a business for any reason. The concept of business failure has been differently defined according to the context and the characteristics of the sample of firms. Business entity does not follow the rules and achieves the goals set forth in their business firm, as a result, earning an adequate return and may caused discontinue existence. Business firm stops working due to retirement or businesses are sold for a profit without leaving any liabilities are not classified as a failure. According to Bruno Leidecker (2001), no two experts agree on a definition of business failure. Some conclude that failure only occurs when a firm files for some form of bankruptcy. Others contend that there are numerous forms of organizational death, including bankruptcy, merger, or acquisition. Still others argue that failure occurs if the firm fails to meet its responsibilities to the stakeholders of the organization, including employees, suppliers, the community as a whole, and customers, as well as the owners. (p.51-52).In this paper, business failure is considered as incapability of business firm to maintain due to loss of capital. Literature review There are many studies to better understand business failure. However, according to Gaskill, Van Auken and Manning (1993), there are many questions still to be resolved and warrant additional explorationprevious studies do not provide a comprehensive or unified explanation for small firm failure.(p.10) (as citied in Robert, 1996). Why some businesses fail and why some succeed is a matter of debate, although there are some common mistakes that can sink a business in no time. One key area that small business owners often overlook is the importance of planning. Dennis (2001) found that management skills could ensure that small and medium sized enterprises are better prepared to compete in domestic and international (p.52). It is required to know what kinds of planning you should do before starting the small business. It includes unplanned financial management and unplanned marketing research. The results of failure are many; however, no one is concerned on it. Therefore, the researchs p urpose is to discuss the significant reason of why small business failure. Poor Business Planning Small businesses often face variety of problems according to their size. Research indicates that poor planning is responsible for most business failures. Doug  Derek (2006) found that the single largest barrier to succession can be identified as those who do not have a succession plan.(p.308). People work hard to turn small businesses into successful enterprises. However, they have no plan for what will be happened to their business. Cause of bankruptcy often a result of poor planning rather than economic conditions.Most of the business owners who do not have succession plan indicated that it is too early to plan. However, Doug  Derek (2006) found that professional advisers indicated it is never too early to start planning. (p.308). In contrast, it is a barrier to overcome if succession occurs over a short period of time. It is inadequate time for the business owner to plan and execute. Another reason why small businesses fail is poor planning of both finances and future growth. According to the Small Business Administration and the US Department of Commerces statistic, businesses that fail because their principals cannot, or do not, use financial information appropriately. (as citied in Brian, 2003).Some business owners often lack of the necessary start up funds and cannot come up with adequate financing. Business owners have to arrange adequate money on hand to cover all your financial needs of the business before starting their small business. Also, it is required to calculate how much money needs to carry out daily living expenses and how much money is required to run your business. Furthermore, some of them have no cash and expect either a bank to provide financing. They wrongly assume the banks will provide them with financing based only on their good ideas. But in most instances, the banks would not take into consideration as it reflects poorly the persons ability to manage finances if has no cash. And also, owners cannot ignore the demands of new ven ture. Many business owners do not know what they need to know and lack of the capital to hire experienced business advisors. Poor Financial Management Small business financial management is a vital aspect of growing a company. According to Mark H. Friedman, founder of Real Time Strategy, Small-business owners live and die for cash flow. (as citied in Nancy , 2006). The most important thing is the monitoring of working capital. This includes accounts receivables, accounts payable and especially cash on hand. Once lack of adequate working capital would affects the particular business. When business is going really well with cash coming in, small business owners tend not to prepare for the next round of business. And cash flow problem occur. Cash flow is a basic measure of a firms ability to maintain sufficient funding to pay off its current liabilities. The owner should know companys bottom line and make good decisions. They should take control of finances by coming up with a budget before purchasing or investing. In order to avoid overspending and hence invest effectively, small business owner should stabilize their cash flow. With this approach can ease a cash crunch, it also can increase the value of the business. Most business owners raise capital from banks. However, Daniel  Richard (2005) found that early stage capital is often the most difficult to raise. (p.64). In fact, it is difficult to raise the capital required in order to properly launch and sustain a business. It will be high cost even if the capital is available. It is crucial for a new business to maintain sufficient resources especially the capital because without proper financing, a new enterprise may find it difficult to compete with competition. The owners have to know how banks approves loan before submitting an application. Financial advisors can help in this situation. gd Lack of Entrepreneurial Skills Most of the peoples think that all it takes to run a business is money. That is not true. You could be an excellent salesperson but lack the skills to handle the seemingly mundane day-to-day skills needed to keep a business running. Entrepreneurs wont make money if cant sell products. Mostly during the startup phase of a new business, lack of entrepreneurial skills in an owner can cause a business to fail. This may not be true during the later growth and maturity periods of business where more administrative and management skills are required. A small firms performance outcome is a function of many variables, including individual owner characteristics, owner behaviors, and environmental influences. Entrepreneurs generally have a high need for achievement and social awareness, and they are high risk takers. Consequently, the personal and personality characteristics of an owner can be a cause of business failure. 5.0 Methodology Subjects 5.1 Research Design Data and Sample Instruments Procedure Data Collection 6.0 Statement of Results 7.0 Analysis and Discussion 8.0 Conclusion 9.0. Recommendations
Friday, October 25, 2019
Busy Bubbles Laundromat and Car Cleaning Essay -- Observation Essays, D
Busy Bubbles Laundromat and Car Cleaning Free drying is for wash customers only May not be the most welcoming of banners, and yet if you are a wash customer you are one of the privileged and included. This wonderful space of washing, drying, tanning and car cleaning has to be the one and only Busy Bubbles. A small building just north of NDSU, this is an extraordinarily busy little corner of the world we call Fargo- Moorhead. Not only, can you wash your car and tan; this is a 24-hour laundromat that features: free drying! Doesn’t sound like much in the large scheme of things, and yet the numbers of people that visit this business in a week is staggering. And while the NDSU campus is very close, and the word â€Å"FREE†is connected to this establishment, it is not only college students that frequent this place of business. For an avid people watcher this place is a gold mine! Everyone needs clean clothes, and people of all kinds find their way to Busy Bubbles to complete this chore. Busy Bubbles is a smallish building considering all of the activity that goes on inside. The first thing you notice as you approach the building, are the standard car wash stalls. The functional appearance of the inside isn’t really surprising until you start to look around. The ordered green and white design on the wall seems a little at odds with the funky mismatched furniture, and the hodgepodge message board. Any one need a used truck or a new kitten? Maybe you would like to work out of your home? Or apply to be a foster care family? This board will cover any of your needs. The room appears a bit sterile, but there are little areas where you can’t miss the touch of humanity. Don’t forget to check the lost and found basket before you leave. .. ...le have entered. Two couples, one with a small child. I find it curious how both of these husbands disappear as soon as the laundry is in the wash. I can see them out starting to wash their cars. Do they know how to run the washers? Or are they intimidated by a group of women together chatting? Even my new friends husband has found other things to do in the midst of this chatter. Women always have something to chat about with complete strangers. Well in the middle of all this simple chatting I’ve finished my chore. I say goodbye to the friendly couple, knowing it’s likely I’ll never see then again. That’s how it is at the laundromat I guess. You meet people, pass the time, and then you all go your separate ways. I wonder out loud, as I go, if the pyjama lady will remember to come back for her clothes. I guess I’ll have to check out the lost and found next time.
Thursday, October 24, 2019
Ipremier Case Essay
When an event like this occurs in an organization, the first question asked post mortum is how can we prevent his from happening again. From iPremier’s perspective there are a few steps that can be taken. First, an overall evaluation of their security infrastructure and the individuals that support the structure. iPremier used a third party vendor to handle IT systems and support. This may be an area of weakness and the service that is provided by Qdata should be looked at closely. Although it may be cost effective to use a thirdy party vendor for this service, it is important to constantly evaluate their service and infrastructure compliance. Second, although Qdata manages iPremier’s IT systems it is important for iPremiere to have standard operating procudures and compliance standards. Preparing such documentation after an outage is the perfect time because a lot of what went wrong is still in their head and helps provide some ground level requirements. Once iPremier establishes their processes and procedures they should periodically â€Å"test†the process in a live drill. At my company we run several maintenance processes every month as well as disaster recovery testing once a year with some in between quarterly testing. It’s important to put the process, procedure and plan together, but equally important to test it in order to identify gaps. This process also needs to be written and locatable in the event it is needed for reference. Establishing a location for the process both in paper form an electronically is key. Lastly, communication from leadership to staff and to the clients that iPremier supports must be immediate. It is extremely important that staff be communicated to in a timely matter when information may have been compromised. There is also legal obligation on iPremiers part to notify clients that there information may have been compromised. iPremier maybe on some level required to compensate or identify ways for clients to mitigate the risk of their information being compromised. Overall, at the time of a service interruption post mortum evaluation will always find ways in which the interruption could have been prevented. Unfortunatley, organizations learn from disaster and it is the primary way in which we learn our weaknesses. Going forward if iPremier establishes the needed processes and procedures and takes the time to test their plan, they will prevent this specific issue from happening again, but are always other issues that will come up. Then it is time to re-evaluate your plan, processes, and procedures.
Tuesday, October 22, 2019
Palouse Falls
Palouse Falls Introduction and Background PaperIntroductionMy project area is Palouse Falls, which is located specifically in La Crosse, WA. I chose this location because I have heard numerous times of how amazing the falls are and I felt this would be a great opportunity to finally see the 198 feet high falls. Palouse Falls interestingly enough doesn't reside in Palouse County; its closest recognizable city is La Crosse or the smaller town of Washtucna, which are in Franklin County. The towns run right along Highway 26. However even when in these towns you still face a little drive either down Ward street Or get onto 261 to get to Palouse falls state park. ("http://wwwfs.org/")Geologic Setting, Historical, and Geological significanceMore than 12,000 years ago the largest and most powerful scientifically documented freshwater flood to occur on earth happened in the Pacific Northwest. During the last ice age, ice sheets, could be over 10,000 feet in thickness, an Ice Sheet called the Purcell Trench lobe advanced southward blocking the river in the Clark Fork Valley in northern Idaho and Montana with a 2,000 foot high and 30 mile wide ice dam.Palouse FallsA glacial lake was created that covered much of present-day northern and western Montana under approximately 2,000 feet of water in a 200-mile-long lake. ("Waymarking"). Eventually, water got into the ice dam, which broke down the dam from the inside. The water exploded out of the lake, swept across northern Idaho into eastern Washington, then rushed southwest across the Columbia Plateau, and split at a bluffpart of the flood traveled east but the main thrust traveled down the Columbia River. The floodwaters, moved up to 60 miles per hour, which in turn caused the soil to be stripped away and helped to create created the 198 feet...
Subscribe to:
Posts (Atom)