International risk management Assignment Example | Topics and Well Written Essays - 1250 words

International risk management - Assignment Example The paper looks at these strategies together with a contingency plan for the product we seek to develop. This strategy seeks to completely eliminate the risk of a project to level 0. With this strategy minimum allowable risk is zero (Darity, 2008). In other words risk avoidance will imply that the developers avoid undertaking the project if it has been identified to have a component of risk in it. The strategy is rarely used in risk mitigation because almost all projects to be undertaken have a risk component in them. If the strategy is employed to mitigate risk in the product, the developers will have to avoid the development of the product since it has inherent risks. Some of the inherent risks include; the power failure on the leds, the small switches failing to work, risk that the product wouldn’t gain market approval among other risks. Thus since the developers aim to go ahead with the entire project cycle, this mitigation strategy wouldn’t be advisable. Risk sharing as another mitigation strategy used as a suitable way of reducing the possible negative outcome inherent to developing a product. It is one of the most common strategies employed in risk management. Risk sharing according to Bolton and Harris (2010), is defined as a risk management strategy which aims at reducing risk exposure by ensuring that the risk component in a project is first identified. After identification, the burden of possible loss is spread among several entities, units of enterprises or other partners critical to the particular project development. This risk management method is also called risk retention. The technique is a way of self-insuring the risks taking into consideration a multiplicity of entities. In developing the product that seeks to increase the safety of those riding bikes in the urban areas either at night or in the early morning hours, risk sharing as a method of mitigating risk suggests the need to look for other entities that might be interested in

How does Baz Luhrmann interpret Shakespeare's Romeo and Juliet Essay

How does Baz Luhrmann interpret Shakespeare's Romeo and Juliet - Essay Example This research will begin with the statement that Baz Luhrmann’s reinvention of Shakespeare’s classic Rome and Juliet depicts the classic tragedy through a visual kaleidoscope of Hong Kong action picture paradigms of chaos and color. The Luhrmann production is unconventional, moving the location to Verona Los Angeles.   The trademark use of color is juxtaposed against the bleak backdrop of gang warfare, which permeates throughout the film.   At the beginning of the film, Luhrmann opens with the prologue. In stark contrast to the well known Zeferelli version of the tragedy, Luhrmann’s conveys the prologue as a newsreel on the television as a news report. The opening sequences and title scenes of the film plays a vital role in engaging the audience and preparing the audience as to what to expect from the movie with great effect.   This places the audience at ease. The opening sequences and title scenes of both films play a vital role in engaging the audience a nd preparing the audience as to what to expect from the movie with great effect.   Moreover, Luhrmann uses quick flashes of the prologue at the beginning of the film either as newspaper headlines or in bold writing. Lurhmann’s visual narrative mirrors Shakespeare’s use of symbolism in the opening scene as there appears a broken ring on the screen. This symbolizes the tragedy of Romeo and Juliet’s love story and further mirrors Shakespeare’s lexical technique of dramatic irony in his prose.