Writing Assignment Procedural Message Writing Sample

Outside its headquarters, there are two large production facilities? one in Nebraska and one in Oklahoma. Furthermore, Yielder employs sales force personnel in every state in the U. S. To serve its customers locally. The company has three servers located at its headquarters?Active Directory Server, Linux application server, and an Oracle database server.

The application server hosts Wielder’s primary software application, which is proprietary program managing inventory, sales, supply-chain, and customer information. The database server manages all data stored locally with direct attached storage. All three major sites use Ethernet cabled local area networks (Lana) to connect the users’ Windows Vista workstations via industry standard, managed switches.

The remote production facilities connect to headquarters via routers T-1 (1. Mbps telecoms circuit) LANA connections provided by an external Internet service providers (ISP) and share an Internet connection through a firewall at headquarters. Individual sales personnel throughout the country connect to Wielder’s network via virtual private network (VPN) software through their individual Internet connections, typically in a home office. Task: would have to say the most likely pairs of threat/vulnerability are location, equipment failure, social engineering, Denial of Service (DOS), and Mall ware.

These threats seem to be the most problematic for this company. The first one is location; the servers are all housed in the company headquarters where if a natural or manmade disaster would cripple the company’s infrastructure. They need to distribute their servers to different locations. Another pair is equipment failure; each server has its own specific function that it handles and nothing else. It would help mitigate some of the risk that would happen if each server handled their own problems.

Social engineering is a problem because it is dependent on the user which another person can hack the person for information that could get access to the organizations system. DOS is a problem because the public systems are not protected by firewalls and anti-virus program. This makes service availability a loss. The final problem is mallard which is caused by the lack of anti-virus or out of date virus definitions.

There are six risk management steps you can use to protect your company:

  • Determining the objectives of the organization,
  • Identifying exposures to loss
  • Measuring those same exposures,
  • Selecting alternatives,
  • Implementing a solution,
  • Monitoring the results.

Would suggest using all six steps to insure that my company is protected. The primary objective of an organization growth will determine its strategy for managing various risks. Identification and measurement of risks are relatively straightforward concepts.

Key Term: Operational Risk

I am interested in researching this because of the events of the global financial crisis from a few years ago. When the financial crisis hit the United States, people were worried about the bailouts of the automakers and banks within our nation. Doing that time, the government bailout was not that popular with many people. I thought to myself if companies, and for that matter, our government, do not start looking at operational risks (government spending, processes, the people we hire or how we practice hiring), and then we are doomed to spend up our resources, and thus, be back in the same situation, or worse.

As Christians, many of us think we should solely focus on building up heavenly rewards, and rightly so; but we are also called to be good stewards of what we are entrusted with.

Bill Gates said once in a lecture to Harvard graduates that his translation of that verse is, “From those to whom much is given, much is expected.”  I believe that we are expected to gain wisdom and be good businesspersons and women, which requires us to assess risk, and take precautions to guard against these risks.EXPLANATION OF THE KEY TERM Satterlee defines operational risk’s as the failure of a process or people which results in the business or organization losing money and the result of monetary losses from an inadequate failed internal systems or external events. Operational risks play an important factor how a company carries out its decisions; it can be financial decision or risk, embracing a bad business strategy or a member of staff making mistakes. MAJOR ARTICLE SUMMARY I studied five scholarly…

Understanding Of The Theory Of Financial Intermediation

The leading principle of the theory of financial intermediation is the paradigm of the classical idea of the perfect market that was introduced by Marshall and Walrus. It suggests that financial intermediaries are active and have a function only because financial markets are not perfect. The most relevant market imperfection is the informational asymmetry between savers and investors. Financial intermediaries, banks specifically, fill information gaps between ultimate savers and investors, which provides them with a comparative informational advantage over the savers and investors.

They screen and monitor investors on behalf of savers, justifying the transaction costs they charge to parties. They likewise bridge the maturity incompatibility between savers and investors and facilitate payments between economic parties. “To ensure the sustainability of financial intermediation, safety and soundness regulation has to be put in place”, providing “the basis for the intermediaries to enact in the production of their monetary services. (Whenever & Colleens, 2003) Without the existence of market imperfections, intermediaries become redundant since avers and investors trade and dispose of the perfect information needed to find each other directly in an optimal way, without any obstacles or costs. This contrasts with the economic and social relevance of financial intermediaries in developed modern economies. Traditional theories of intermediation are based on transaction costs and asymmetric information. They are designed to account for institutions which take deposits or issue insurance policies and channel funds to firms.

However, in recent decades there have been significant changes. Although transaction costs and asymmetric information have declined, intermediation has increased. Gurgle and Shaw (1960) and many subsequent authors have stressed the role of transaction costs, stating that fixed costs of asset evaluation signify that intermediaries have an advantage over individuals because they allow such costs to be shared and that trading costs mean that intermediaries can more easily be diversified than individuals.

Leland and Pyle (1977) suggest the role of asymmetric information as an alternative rationalization for the importance of intermediaries, affirming that an intermediary can signal its informed status y investing its wealth in assets about which it has special knowledge. Morton (1995) defends a much more cyclical tendency, moving back and forth between the intermediaries and the markets as a path of the development of financial functions.

It is important to mention that efficient financial intermediation convenes two significant benefits: it raises the level of investment and savings, and it increases the efficiency in the allocation of financial funds in the economic system. Levine (1997) states that there has been increasing recognition for the positive impact of uncial intermediation on the economy, proposing that “the efficient allocation of capital within an economy fosters economic growth by acting on the saving rate, on the fraction of saving channeled to investment or on the social marginal productivity of investment. Over the years many traditional financial markets have expanded and new markets have come into existence. Transaction costs have tumbled and information has become cheaper and more accessible. However, these changes have not coincided with a decrease in intermediation. In fact, the reverse has occurred. Intermediaries have grown in importance in traditional markets and represent a large majority of the trading in new markets.

Standard theories of intermediation based on transaction costs and asymmetric information are problematic to reconcile with the changes that have taken place. Participation costs are crucial to understanding the current activities of intermediaries and in particular their focus on risk management.

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