Honolulu International Airport Research Paper Example | Topics and Well Written Essays - 1750 words

Honolulu International Airport - Research Paper Example In 1947 it was renamed as Honolulu international airport. On account of its strategic position in the center of Pacific Ocean, it functioned as a halting station for many flights crossing the ocean which flew from the Asia and Australia to the regions of north and South America. It is publicly owned by the state of Hawaii. With the continuous use of the airport, many developments have taken place in the airport especially after 1950s, in order to cater to the growing needs of air transport and to facilitate the increasing amount of air traffic. In 1965 the original terminal building at the airport was demolished in for the development of the John Rodgers building. The terminal building underwent many expansions and the Diamond Head Concourse was added to it in 1970, the Ewa Concourse in 1972 and the Central Concourse in 1980. The airport covers about 2216 acres of land area and about 2210 acres of water. It has four runways with asphalt or bituminous surface and two runways on water that provide service to the seaplanes for landing and take off. Out of them, two are parallel east-west runways and two crosswind runways. The reef runway (8R/26/L) is entirely constructed offshore on reclaimed land. It has been identified as an alternate landing place for the NASA space shuttles. The airport also shares some of the defense airfield facilities with the Hickam Air Force Base. Currently, the airport provides services to 31 operating airlin... The terminal has facilities for shopping, medical service, business center with conference room, restaurant and hotel. The Wiki Wiki buses run between the terminals for transport on the airfield. Functioning as a hub and spoke airport, it acts a primary hub for international aviations and as a point to point airport for the domestic airways. It is one of the large hub airports of total 29 such hub and spoke airports in the United States. It shares 1.36% of the total passenger traffic out of the total large hubs in the United States with a total number of 84,796 fight departures and commuting a total number of 8,684,893 passengers.1 It also transfers a freight of 199,144.89 tones and 28,931.18 tones of mails in the year of 2000.2 The mode of transportation to and from the airport The airport is connected with freeways to other parts of the island and to other islands via domestic airlines as well as water ways. As of now, in Honolulu, there are no fixed rail mass transit systems. The interstate H-I freeway connects the Honolulu city with the international airport and the same road also connects the Hikam Air Force base with the airport. Nimitz Highway and the Queen Liliuokalani Freeway connect the airport with other parts of the Oahu Island. Many state-authorized and non authorized bus services shuttle between Waikiki, a well known beach resort on Oahu Island, and Honolulu Airport. The buses offer transportation to other hotels in Waikiki from where transportation services are available for other travel destination. The airport is in excellent connection with the Honolulu city with the public transportation service, called 'The Bus'. Buses commute from the place at an interval of 30 minutes to the city area thus providing good amount of connection to the

Risk Management Overview Essay Example | Topics and Well Written Essays - 750 words

Risk Management Overview - Essay Example A business may not be able to run without all these basic activities and it is also likely to collapse. Business risks are usually categorized into two groups; systematic and unsystematic business risks. Systematic risk is where the economy generally experiences a downfall due to natural calamities floods and drought, political instability, recessions, inflation or even fluctuation in currencies. Any business operating under the same economy is bound to fail or make more losses than profits (Akhter, 2010). Unsystematic risk is where a specific section of the economy or industry fails unlike systematic where it’s the overall market (Sensarma and Jayadev, 2009). The common way of counter attacking this is to employ diversification. Business risks are further categorized into strategic, compliance, financial and operational. Strategic is where there is new competition in the market, compliance is where a certain business is responding to new terms and regulations that have been n ewly put in place to run businesses. Additionally financial business risk is where for instance several customers are unable to pay back to the business and operational business risk is when for example there is burglary to the business (Akhter, 2010). The banking as an industry has risks associated with it. One of them is aggressive and almost philanthropic lending of loans to clients and selling the loans to other financial institutions and hoping to run entirely on the interest generated from it, usually with an aim of maximizing profit (Akhter, 2010). This becomes a risk when the economy collapses, experiences inflation or recession because with that, comes an automatic delay in loan servicing and sometimes the money given out looses its value with time because of currency fluctuation. Most banks are involved in lending. This involves a bank client giving a security pledge to a bank that they are able to pay back or service their loans fully. It is usually called collateral. It can be land, car or a house (Sensarma and Jayadev, 2009). In order to maximize their profit and returns, banks have increased their interest rates. This poses such a risk to the banking system because with increased interest rates comes with an exponential reduction in lending activities. This is because not so many clients are wiling or able to pay for a higher than normal interest rates, so they don’t take loans all the same. This creates a financial confusion which the bank has to solve lest it collapses completely (Devine, 2006). To solve this, banks have to lower their lending standards and attracting more clients by using new in the market methods. Liquidity risk is a type of risk that results from the unavailability of a proper market for an investment that cannot be sold fast enough in order to counter attack a foreseen loss (Akhter, 2010). Banks have severally taken houses or antiques as collateral from clients. When the clients are not able to service these loans on time the banks decide to sell these collateral. Antique is one of the hardest items to sell in the markets because not so many people know their value and there is never ready market for them (Breeden and Whisker, 2010). Many banks suffer loss before recovery before selling such products and may never sell it completely leading a major loss. Liquidity risk therefore leads to a situation where the banking institution is unable to meet it objectives or profit

It's time to prove what I have learned Essay Example | Topics and Well Written Essays - 500 words

It's time to prove what I have learned - Essay Example Besides passing, I have developed confidence in writing and I can handle all types of research. I vividly remember my first assignment in this class. The paper did not have a thesis statement, had numerous grammar errors, and it did not have a proper introduction. It saddened my heart that I did not have the very basics to this subject. Although this discouraged my young heart, I did not allow it to rule in me. Instead, I decided that I will make it in this class. Every time I submitted a paper, my teacher wrote some comments that I took very seriously, which helped improve my writing. First, I started with developing skills to a good thesis statement. I realized that a good thesis statement must incorporate the purpose of the writing and stipulate all the issues to be discussed in that paper. Secondly, I worked on the introduction of my papers. With the help of the teacher, I realized that introductions should be as captivating as possible to capture the audience attention. Previously, my introductions did not carry enough weight and background knowledge of the study. This meant that I could not earn good marks on the introduction part. Thorough research on the issues I intend to write about helped overcome this problem. Thirdly, In my out-of-class essays I learned other skills that add credibility to an essay. Proper organisation of the bodywork adds more weight to a paper, giving the reader an urge to read on. Using logos and ethos, I could now convince my audience on the issues I am writing about. In addition, I have to choose my words correctly to because I realized that I can convince the audience with my character. Use of diction and figures of speech are other things I learnt out-of-class that have added competency in my writing. One thing I came to accept as a writer is that I had to read a lot of books, journals, websites, and magazines to learn how others do it. No, wonder that my grammar and

Human resource line manager Essay Example | Topics and Well Written Essays - 1250 words

Human resource line manager - Essay Example The goal of this paper is to resolve the eternal Line Manager-HRM Manager dilemma and show how these two professions interact in a Soft and Hard HRM models. This paper does not merely define the concepts and scope of obligations but performs a detailed analysis of the controversies surrounding the roles of LM and HRM professionals operating collectively in one and the same organizational structure. This paper teaches a good lesson of excellence in organizational performance: only constant cooperation between HR and Line Managers can lead organizations to the desired strategic outcomes. Overview of Human Resource managers and Line managers It is hard to describe the general responsibilities of HR managers, since the scope and range of their obligations largely depends upon the organizational structure in which they operate or the HRM model they pursue (Mullins,2005). Generally, a HR manager’s goal is to achieve excellence in employee performance and use is as a valuable organiz ational resource. HR managers work to maintain a close association between employee skills and their job obligations. Therefore, they have a significant effect on the staff and their levels of performance and productivity (Bovee et al 2007). Line managers are department based managers, who are aware of how business operates and what exactly customers need (Marchington & Wilkinson 2005). Line managers are experts in their own field, and usually they are not supposed to have knowledge of Human resource management (Mullins 2005). Rather, Line Managers exemplify a strong bridge between lower and higher managerial levels, thus letting them accommodate their operational priorities (Power et al 2008). In a company that considers itself efficient, communication between HR managers and line managers is crucial. Human resource managers may be effective at the organization level, but they need to interact with line managers, who have access and connect them to lower rank managers. Line manager s have instant responsibility at departmental level (Mullins,2005). Hard Model (Resource Based) Hard approach emphasises managing the head count resource in rational ways as for any other economic factor like land or capital (Truss et al.,1997). The Hard model concentrates on quantitative, measurable criteria and control and performance management, to create competitive advantage and add value to all department decisions and operations (Gill,1999). According to Storey (2007), the main goal of HRM in the resource-based model must be that of encouraging employees to enhance their engagement with workplace tasks and organizational compliance. WBBS adopted hard HRM model successfully West Bromwich Building society initiated the development of a new management approach, which will become the fundamental part of its business strategy. They tried to create an employee-customer-service-profit cycle, with employee engagement as its core element. The concept of engagement is essentially about people's willingness and ability to contribute discretion efforts. WBBS began to train their line managers at twelve different strategies, including culture changes and coaching. Following the implementation of the framework, engagement in all departments was measured. All results were taken seriously and sent to inform department heads. The outcomes of the model implementation are clear: improved customer satisfaction, record-breaking financial results, UK business excellence award

Design, Drawing and Practical Skills Essay Example | Topics and Well Written Essays - 1000 words

Design, Drawing and Practical Skills - Essay Example This it does by providing the describing the conceptual structure and empirical design. The document further applies the knowledge and skills for executing or developing product effectively and efficiently. Effective design specification gives a clear understanding of the objective of the project and helps identify the constraints involved. It further assists the design concept by allocating the required tools and resources for the whole project. It can help in installing checkpoints and regulations and ensuring the quality of the product by tracking progress (Landa 2011, p78). The required tools for the multi design include design requirement description and the work plan or the enterprise framework of the design, which carries the principles, policies and the regulation guiding the processes. It is vital for the team members of the design team have the guide that enables them get solution to their queries. The design specification document assists in the identification of the risks projected and ways of minimizing their chances of occurrence. Effective Project management in a multi-disciplinary design team is essential as it guides the activities in the project, in line with the available time and resources. Without a systematic project management framework, it is possible that the some tasks will take unnecessarily longer durations to complete, or may consume more resources. There are many project management tools as presented in the list below, Each of the tools is applicable in different project environments and specific nature of projects. Activity network for example applies in projects where the calculation of the critical path is required. Gantt chart is necessary where the sequence of activities, resources consumed and the time spent in each task is required. It also presents a graphical representation of the project activities. Work schedule is very simple as it contains the timing of each task

RISK ASSESSMENT Term Paper Example | Topics and Well Written Essays - 1250 words

RISK ASSESSMENT - Term Paper Example In terms of its performance, it is observed that GDI has experienced a consistent growth with regard to its operations for a substantial period of six years with the incorporation of well-crafted management strategies. GDI intends to focus on augmenting its operational performance through technological innovation as well as automation. . The operations of GDI are controlled by the effective leadership of Chief Executive Officer (CEO) Jamie Pierce. Identification of the Organizational Assets Assets can be defined as the tangible or intangible items or variables which are possessed by an organization which are made use of in the process of executing their primary functions. Moreover, assets also yield economic values to the organizations in future under certain circumstances. Furthermore, assets are divided into two parts which comprise fixed and current assets (Harrison, 2006). Fixed assets can be stated as the assets purchased by the organizations for long-term use which can be ident ified as property, machinery and furniture among others (University of Cambridge, 2000). Current assets can be defined as the type of assets which are utilized by the organizations into their operations on a daily basis which include cash in hand, inventory, goodwill and short-term investment among others (Svensson, 2008). With due consideration to this aspect, it can be stated that GDI also has certain pertinent assets through which they operate and serve their customers. Furthermore, the assets of GDI comprise certain number of infrastructures located in Canada, the United States and Mexico and the organization is also having a center situated on 9th floor of the corporate tower. Furthermore, GDI also has certain number of information technology based resources along with heavy and light vehicles which also act as an asset for the organization. The existing employees can also be termed as the tangible assets for GDI this is because with the assistances and performances of the empl oyees the organization earns profits and growth as well as sustainability. Along with the employees, the prevailing shares of GDI also act as an asset for the organization. Assessment of the Organizational Risks From the presented scenario, it is derived that the CEO of GDI Jamie Pierce decided to take certain measures for reducing the operational cost of the organization by lowering manpower by means of incorporating outsourcing along with 30% of the organizational budget. In relation to these measures, GDI can face certain problems while running the business processes. The problems can be identified as political issues, ineffective strategic planning, improper flow of organizational operations or processes and lesser security related to organizational data due to the activities. The political related issues can arise from the reduction of manpower within GDI because the employees generally have certain association with labor unions as a result massive reductions of employees from the organization can lead to strikes or problems while running the business process. Ineffective strategic planning can also come in the way of operating the business efficiently because the reduction of budget and manpower from the operations can de-motivate other employees. The reduction in percentage of budget also can lead to unavailability of required resources at the time of emergencies or while planning and serving with their related products or services. The reduction of bu

Product Differentiation Essay Example | Topics and Well Written Essays - 1000 words

Product Differentiation - Essay Example In addition, the company sells original stereographs (Noel, and Glazer, 35). This new and interesting technology will open up a world of opportunity for Miss Woolpert and aid in expanding her business. Information will reach potential customers through testimonials of those who see the display in the public museum and will later be able to come full circle and grow TwinScope. TwinScope has quite a few targets that it hopes to attain. First, there are couples of thousands of members from various clubs. These may be the collectors of such products. Along those same lines, TwinScope hopes to target at least big institutions 37 such as museums, which will aid in increasing awareness of the stereographs. While these organizations occupy an estimate of close to 55% of the market share, Twin Scope will most likely be focusing on the niche market of stereograph club members (Sally, 118). Large-scale production of the stereograph needs various costs such as the fixed costs and variable costs. With the intended TwinScope plan of economy of scale the organization will need to have an estimated expenditure cost of $56,000 for raw materials and equipment. The large-scale production will reduce the cost of one unit by at least 10% (Donald, 39). The high degree of brand loyalty for stereoscope firms will require TwinScope to spend money on advertising the new ideology of a ‘hanging art piece’ to develop its own brand loyalty. Breaking through the barrier into museums also proves to be a very difficult task.