Friday, November 29, 2019

Aviation insurance Essays

Aviation insurance Essays Aviation insurance Essay Aviation insurance Essay Words fall short to express my deep sense of gratitude towards them all, who have imparted their valuable time, energy and intellect towards the beautification of my project. I express my sincere gratitude to our principal our coordinator for their continuous support and encouragement. I extend my sincere gratitude to PROOF. PROHIBIT JITTERS my guide for guiding me throughout the project and for helping me whenever required. I also thank my collage library for also thank My God, My parents and My friends for their contribution towards the project. Objective of the project This project has been undertaken with following objectives in mind: To understand the Insurance Sector in India, its nature functioning. To understand the concept of Aviation Insurance. To comprehend the impacts of the new norms on the functioning of the Insurance sector in India. To understand how these norms are put to practice. This involves understanding of the coalition of input data, the process of data sorting, computing according to the norms, assessing different stress scenarios and the final output of such computations. It also involves close observation of the problems faced in implementation. To draw a parallel of this situation to the Insurance industry as whole. RESEARCH METHODOLOGY Research always starts with a question or a problem. Its purpose is to question through the application of the scientific method. It is a systematic and intensive study directed towards a more complete knowledge of the subject studied. There are two types of data collection method use in my project report. Primary data For my project, I decided on primary data collection method for observing Aviation Insurance Company. For this information I visited to the Reliance General Insurance. Asked the questions to sales manager about the aviation insurance. Secondary data I decided on Secondary data collection method was used by referring to various websites, books, magazines, Journals and daily newspapers for collecting information regarding project under study. Executive Summary Aviation Insurance was first introduced in the early years of the 20th Century. The first aviation insurance policy was written by Loads of London in 1911. The company at an air meet caused losses on many of those first policies. Insurance is one of the most popular in business today since they characterized the new economy acceptance of country boundaries. The purpose of these study the valuation process approaches in aviation by analyzing the insurance corporation case base upon the valuation this report will identify the why aviation insurance is needed. This report the Indian Insurance sector, History of insurance in India, History of Aviation Insurance, products features of Aviation Insurance, Effects Of 9/1 1 Attack On Aviation Insurance INDEX SIR. NO CHAPTER History Of Insurance 9_15 2. Origin Development Of Insurance 16-21 3. History Of Aviation Insurance 22-27 4. Products Of Aviation Insurance 28-37 5. Future of aviation insurance 38-49 6. Case Study 50-58 7. Conclusion Bibliography Aviation Insurance CHAPTER 1 HISTORY OF INSURANCE 1. 1 Introduction Humans have always sought security. This quest for security was an important motivating force in the earliest formations of families, tribes, and other groups. The groups have been the primary source of both emotional and physical security since the beginning of humankind. Humans today continue their quest o achieve security and reduce uncertainty. We still rely on groups for financial stability. With industrialization our physical and economic security has diminished. Mankind is exposed to many serious hazards, which cause stoppage of income. The biggest worry any human being has is the economic worry. He is always thinking of tomorrow and the days to come and he will be planning to meet the demands of his family, his business and that of his own needs. The economic worries may arise due to stoppage of income. Our income dependent, wealth- acquiring lifestyle renders us and our families more vulnerable to environmental and social changes over which we have no control. There may be accidents, sickness disability, or due to premature death of the readiness. It is impossible to prevent such calamities. But it is always possible to provide against the loss of income that may result out of such these perils. Risk is defined as uncertainty of financial loss. If the event were certain to happen, then there be no loss if the event were certain not to happen, then also there is no loss. It is the uncertainty about the time of loss that worries the mankind. Insurance in India The insurance sector in India has come a full circle from being an open competitive market to nationalization and back to a liberalized market again. Tracing the developments in the Indian insurance sector reveals the 360 degree turn witnessed over a period of almost two centuries. 1. 2 An Overview of Insurance Industry Insurance has a long history in India. Life Insurance in its current form was introduced in 1818 when Oriental Life Insurance Company began its operations in Triton Insurance company set up its base in Kola. History of Insurance in India can be broadly bifurcated into three areas: a) Pre Nationalization b) Nationalization and c) Post Nationalization. Life Insurance was the first to nationalize in 1956. Life Insurance Corporation of India was formed by consolidating the operations of various insurance companies. General Insurance followed suit and was nationalized in 1973. General Insurance Corporation of India was set up as the controlling body with New India, United India, National and Oriental as its subsidiaries. The process of opening up the insurance sector was initiated against the background of Economic Reform process which commenced from 1991. For this purpose Malory Committee was formed during this year who submitted their report in 1994 and Insurance Regulatory Development Act (ERDA) was passed in 1999. Resultantly Indian Insurance was opened for private impasses and Private Insurance Company effectively started operations from 2001. 1. 3 Global Standards While the world is eyeing India for growth and expansion, Indian companies are becoming increasingly world class. Take the case of LICK, which has set its sight on becoming a major global player following an Rests-core investment from the Indian government. The company now operates in Mauritius, Fiji, the I-J, Sir Lankan, and Nepal and will soon start operations in Saudi Arabia. It also plans to venture into the African and Asia-Pacific regions in 2006. The year 2005 was a testing phase for the mineral insurance industry with a series of catastrophes hitting the Indian sub- continent. However, with robust reinsurance programmers in place, insurers have successfully managed to tide over the crisis without any adverse impact on their balance sheets. With life insurance premiums being Just 2. 5% of GAP and general insurance premiums being 0. 65% of GAP, the opportunities in the Indian market place is immense. The next five years will be challenging but those that can build scale and market share will survive and prosper. 1. REGULATORY ACTS A number of acts govern the insurance sector The Insurance Act, 1938 The Insurance Act, 1938 was the first legislation governing all forms of insurance to provide strict state control over insurance business. General Insurance Business (Nationalization) Act, 1972 The General Insurance Business (Nationalization) Act 1972 was enacted to nationalize the 100 odd general insurance companies and subsequent ly merging them into four companies. All the companies were amalgamated into National Insurance, New India Assurance, Oriental Insurance, and United India Insurance. Insurance Regulatory and Development Authority Act, 1999 Till 1999, there were not any private insurance companies in Indian insurance sector. The Gobo. Of India then introduced the Insurance Regulatory and Development Authority Act in 1999, thereby De-regulating the insurance sector and allowing and capped at 26% holding in the Indian insurance companies. 1. 5 Regulations for Indian Insurers To protect the interests of holder of insurance policy and to regulate, promote and ensure orderly growth of the insurance industry Insurance Regulatory and Development Authority (ERDA) was established. Under the new dispensation Indian insurance companies in private sector were permitted to operate in India with he following conditions: Company is formed and registered under the Companies Act, 1956. The aggregate holdings of equity shares by a foreign company, either by itself or through its subsidiary companies or its nominees, do not exceed 26%, paid up equity capital of such Indian insurance company. The Companys sole purpose is to carry on life insurance business or general insurance business or reinsurance business. The minimum paid up equity capital for life or general insurance business is crossers. The minimum paid up equity capital for carrying on reinsurance business has been prescribed as crossers. . 6 Role Functions of ERDA: Section 14 of ERDA Act, 1999 lays down the duties, powers and functions of ERDA. Subject to the provisions of this Act and any other law for the time being in force, the Authority shall have the duty to regulate, promote and ensure orderly growth of the insurance business and re-insurance business. Without prejudice to the generality of the provisions contained in sub-section (1), the powers and functions of the Authority shall include. Issue to the applicant a certificate of registration, renews, modify, withdraw, suspend or cancel such registration. Protection of the interests of the policy holders in matters concerning assigning of policy, nomination by policy holders, insurable interest, settlement of insurance claim, surrender value of policy and other terms and conditions of contracts of insurance. Specifying requisite qualifications, code of conduct and practical training for intermediary or insurance intermediaries and agents. Specifying the code of conduct for surveyors and loss assessors. Promoting efficiency in the conduct of insurance business. Promoting and regulating professional organizations connected with the insurance and re-insurance business. Levying fees and other charges for carrying out the purposes of this Act. 1. 7 Functions of Insurance The function of insurance is to safeguard against such misfortunes by having contributions of the many pay for the losses of the unfortunate few. This is the essence of insurance- the sharing of losses and, in the process, the substitution of certain, small loss called the premium for an uncertain, large loss. From an economic perspective, insurance is a financial intermediation function by which individuals exposed to a specified contingency each contribute to a pool from which overfed events suffered by participating individuals are paid. Insurance then is a is an agreement, the insurance policy or insurance contract, by which one party, the policy owner, pays a stipulated consideration called the premium to the other party called the insurer, in return for which the insurer agrees to pay a defined amount of provide a defined service if a covered event occurs during the policy term. The person whose life, health or property is the object of the insurance policy is referred to as the insured. Insurance provides certainty of payment of sum assured at the happening of the event. Since no one can predict the happening of the event in advance, it is not possible to compensate against the loss There is an uncertainty about the time of the event happening. We will not be also sure about the quantum of loss. Provides Assistance to Business Large capital investments on buildings and machinery can be protected against loss by Insurance. The cost of Insurance will be very small compared to the total loss. Provides financial stability to commerce and industry When material damage takes place due to peril, there will be stoppage in production resulting in reduction in profit. Loss of profit Insurance can take care of the loss in net profits in addition to loss of machinery. Insurance serves as a basis of credit Industry and commerce approach banks and financial institutions for financial assistance to develop their business. A collateral security may be necessary to secure against the finance advanced. Insurance policies can provide against such advances. Insurance plays a role in reduction of losses. Insurance companies render advice as to how losses can be minimized by using various safety measures because of their experience. Insurance provides fund for investment The Insurer will have huge funds collected from Insured by way of premiums. These funds are not kept idle, but invested in nation building activities. Insurance earns foreign exchange Indian Insurance companies have branches in different countries, where large volume of business is transacted. This will fetch huge amount in foreign currency. 1. Nature of Insurance Sharing Of Risk Insurance is a social devise to share the financial loss, which may befall individuals due to many events. Whereas it is not possible to share deaths, accidents or sickness, it is always possible to share the economic losses, which come out of Hess events. All persons who are exposed to similar risks come together and share the loss. Co-operat ive Endeavourer In every type of Insurance, large number of persons are brought together to share the loss. They have a common goal biz. , to plan the economic future. Such people come together voluntarily or through publicity or through soliciting. It is the Insurer who compensates the loss of few from the contributions received from many. Value of risk The risk or financial loss is measured in terms of money before insuring. This is done by means of past experience of the Insurer. This will enable him to collect the cost of Insurance in adequate measure. Payment at contingency insured. It may be premature death or end of the term in Life Insurance. In non-life, it may be the happening of the event. Amount of payment In Life Insurance the amount is fixed at the beginning of the contract and full amount is paid at death or end of term. But in other types of Insurance the amount of loss only is paid. CHAPTER 2 Origin and Development of Insurance 2. 1 Introduction Insurance in the modern form originated in the Mediterranean during 14th century. The earliest references to insurance have been found in Babylonian, he Greeks and the Romans. The use of insurance appeared in the account of North Italian merchant banks who then dominated the international trade in Europe at that time. Marine insurance is the oldest form of insurance followed by life insurance and fire insurance. The patterns that have been used in England followed in other countries also in these kinds of insurance. The origin and growth of Marine Insurance, life Insurance, Fire Insurance and miscellaneous insurance are given below: 1. Marine Insurance The oldest and the earliest records of marine policy relates to a Mediterranean voyage in 1347. In the year 1400, a book written by a merchant of Florence, indicates premium rates charged for the shipments by sea from London to Pisa. Marine Insurance spread from Italy to trading routes in other countries of Europe. Marine Insurance in India There is evidence that marine insurance was practiced in India some three thousand years ago. In earlier days travelers by sea and land were exposed to risk of losing their vessels and merchandise because of piracy on the open seas. Moreland has maintained that the practice of insurance was quite common during the rule of Kafka to Rearrange, but the nature and coverage f insurance in this period is not well known. It was the British, insurers who introduced general insurance in India, in its modern form. The Bruisers opened general insurance in India around the year 1700. The first company, known as the Sun Insurance Office Ltd. Was set up in Calcutta in the year 1710. This followed by several insurance companies of different parts of the world, in the field of marine insurance. In 1972, the government of India nationalized the general insurance business by forming GIG. 2. Life Insurance The early developments of life insurance were closely linked with that of urine insurance. The first insurers of life were the marine insurance underwriters who started issuing life insurance policies on the life of master and crew of the ship, and the merchants. The early insurance contracts took the nature of policies for a short period only. The underwriters issued annuities and pension for a fixed period or for life to provide relief to widows on the death of life of William Gibbons for a period of 12 months. Life Insurance in India The British companies started life insurance business in India, by issuing policies exclusively on the lives of European soldiers and civilians. They sometimes issued policies on the lives of Indians by charging extra. Different insurance companies like Bombay Insurance Company LTD. 1793) and Oriental Life Assurance Company (1818) was formed to issue life assurance policies in India. Gradually, the first Indian Company named as Bombay Mutual Life Insurance Society Ltd. Was formed in DCE. 1870. By 1971, the total numbers of companies working in India were 15, out of which 7 were Indian and the remaining were British companies. After several changes have been made for the period from 1930 to 1938, the Government of India passed Insurance Act, 1938. The act still applies to all kinds of insurance business by instituting necessary amendments from time to time. . Fire Insurance Fire insurance has its origin in Germany where it was introduced in municipalities for providing compensation to owners of the property, in return for an annual contribution, based on the rent of those premises. The fire insurance in its present form started after the most disastrous fire in human history known as the Great Fire in London, which had destroyed several buildings. It drew the attention of the public and the first fire insurance commercially transacted in 1667. The Industrial Revolution (1720-1850) gave much impetus to fire insurance. The Nineteenth century marked the development of fire insurance. Fire Insurance in India In India, fire insurance was started during the British regime. The oldest of these companies include the Sun Insurance Office, Calcutta (1710), London Assurance and Royal Exchange Assurance (1720), Phoenix Assurance Company (1782), etc. 4. Miscellaneous Insurance Due to the increasing demands of the time, different forms of insurance have been developed. Industrial Revolution of 19th century had facilitated the placement of accidental insurance, theft and didactic, fidelity insurance, etc. In 20th century, many types of social insurance started operating, biz. , unemployment insurance, crop insurance, cattle insurance, etc. This way the business of insurance developed simultaneously with human and social development. Today, the use of computers in the field of insurance is frequently increasing. Insurance becomes an inseparable part of human development. Miscellaneous insurance are of many types like: Health Insurance All-risks Insurance Consequential Loss Insurance General Public Liability Insurance Burglary Insurance Golf Insurance Money Insurance Fidelity Guarantee Insurance Workmen Compensation Insurance Aviation Insurance which is again a type of miscellaneous insurance, concentrating on each and every aspect of aviation insurance and how it has affected the service sector in recent times. Aviation is the most expensive industry means of transport today. This sector gained importance and created awareness after the 9/1 1 attack on the twin towers of America. After this attack lot of changes took place in the aviation sector and also lot of amendments were made by the law to regulate the aviation insurance contracts. So let us see what these changes are and how aviation insurance forms one of the important part of any countrys insurance sector. 2. 2 Effects of 9/1 1 Attack on Aviation Insurance Following the September 1 1 the attack in the United States, the subject of aviation insurance attracted much attention in the media and elsewhere after aviation insurers worldwide withdrew cover for the specific acts of war and terrorism. As a result, many national governments stepped in to provide temporary insurance cover to ensure that airlines continued flying. Short to medium term solutions At the request of the airline industry the International Civil Aviation Organization established a special group on war risk insurance (SWIG) which, as a short and medium term measure recommended the setting up of an international mechanism funded by insurance premiums to provide no concealable third-party aviation war risk coverage through a non-profit special purpose insurance entity (GLOBAL TIME) with multilateral government backing for the initial years. As a long-term solution the SWIG recommended that an international convention be developed which would limit the third-party liability of he aviation industry for losses arising from war, hijacking and allied perils. Uncertainty ahead? Some four years on from 9/11, most governments have withdrawn guarantees for hull and over to airlines and airport service providers. Notable exceptions include the United States, China and Singapore. The market has now responded with certain insurers offering major airlines limited no concealable third party coverage. Enthusiasm for GLOBAL TIME has waned and a new convention on damage caused to third parties on the ground has yet to be agreed. In Asia at least, the airline industry has experienced a dramatic turnaround in retunes with renewed prosperity. However, as with other classes of catastrophe business, there remain underlying uncertainties in the aviation insurance market that could dramatically change the environment. Convention and statutory limits The Montreal Convention 1999, which governs the liability of airlines in relation to passengers and cargo interests, requires airlines to obtain adequate insurance to cover their liabilities under the Convention. In addition, airlines are required by many states to have minimum insurance limits to cover such liabilities including third party surface damage. After the September 1 1, 2001,

Monday, November 25, 2019

Free Essays on A Literary Analysis Of Porphyrias Lover

The Demented Mind of Porphyria’s Lover Audience: Person’s interested in learning more about Robert Browning’s â€Å"Porphyria’s Lover.† Purpose: To Educate. Proposal: I will tell you my interpretation of Robert Browning’s â€Å"Porphyria’s Lover.† Tone: Objective Constraints: The poem is from the nineteenth century which brings a whole new aspect to some of the customs in dating and life. The Demented Mind of Porphyria’s Lover Is it truly love if you would kill your lover so you can be together forever? Sounds like dementia, does it not? In Robert Browning’s â€Å"Porphyria’s Lover† the speaker of the poem kills his lover. He does this because he fears she will go back to her family and leave him. He believes that if he kills her they will be together happily ever after. From the beginning of the poem there is a feeling that something is wrong, a rainy windy night when trees are getting blown down. Then Porphyria comes home to her lover and, in his eyes â€Å"She shut the cold out and the storm† (7). The speaker of this poem views Porphyria as somebody who can make everything okay. She also brings happiness and warmth to his life. This is symbolized in the fact that she â€Å"made the cheerless grate/ Blaze up, and all the cottage warm† (8). Throughout the first twenty five lines of the poem the anaphora â€Å"And† is used to emphasize Porphyria’s life and her caring actions. It is always used to begin a line where she is doing something for the speaker. However, there is a volta at the beginning of line twenty six â€Å"But passion sometimes would prevail† (26). Here a negative attitude is emitted by the speaker and this anaphora ends, at least until after Porphyria is dead. After starting a fire and warming the cottage Porphyria removed all of her wet clothing and sits beside her lover. At this point she is talking to him but there is no response. This is probably because he is already contemplat... Free Essays on A Literary Analysis Of Porphyria's Lover Free Essays on A Literary Analysis Of Porphyria's Lover The Demented Mind of Porphyria’s Lover Audience: Person’s interested in learning more about Robert Browning’s â€Å"Porphyria’s Lover.† Purpose: To Educate. Proposal: I will tell you my interpretation of Robert Browning’s â€Å"Porphyria’s Lover.† Tone: Objective Constraints: The poem is from the nineteenth century which brings a whole new aspect to some of the customs in dating and life. The Demented Mind of Porphyria’s Lover Is it truly love if you would kill your lover so you can be together forever? Sounds like dementia, does it not? In Robert Browning’s â€Å"Porphyria’s Lover† the speaker of the poem kills his lover. He does this because he fears she will go back to her family and leave him. He believes that if he kills her they will be together happily ever after. From the beginning of the poem there is a feeling that something is wrong, a rainy windy night when trees are getting blown down. Then Porphyria comes home to her lover and, in his eyes â€Å"She shut the cold out and the storm† (7). The speaker of this poem views Porphyria as somebody who can make everything okay. She also brings happiness and warmth to his life. This is symbolized in the fact that she â€Å"made the cheerless grate/ Blaze up, and all the cottage warm† (8). Throughout the first twenty five lines of the poem the anaphora â€Å"And† is used to emphasize Porphyria’s life and her caring actions. It is always used to begin a line where she is doing something for the speaker. However, there is a volta at the beginning of line twenty six â€Å"But passion sometimes would prevail† (26). Here a negative attitude is emitted by the speaker and this anaphora ends, at least until after Porphyria is dead. After starting a fire and warming the cottage Porphyria removed all of her wet clothing and sits beside her lover. At this point she is talking to him but there is no response. This is probably because he is already contemplat...

Thursday, November 21, 2019

Political science Assignment Example | Topics and Well Written Essays - 500 words - 4

Political science - Assignment Example liberal values, which will necessitate expansion, and spread of democracy across several countries in the world, will benefit the USA in achieving its goals that advocate for increased democratic space. With increased democratic space, the United States is able to spread its economic and international policies and this minimises the extent of threats that might befall the USA (In Commager, 2003). For the case of realism, the theory perceives that a struggle for world power or supremacy between an existing and an ascending contender may create disharmony, hence the Unites States handles such cases cautiously for the well being of the US and its people (In Commager, 2003). However, on the other hand, the theory of isolationism affects the US inhabitants directly, because US as the 21st super power has failed to embrace internal accommodation of each other. This has created immense and disastrous effects for them and the general human race. The logic of realism has seen the US follow up its interests by use of the military in pursuing its interests. For example the spirited wars against Iran, Iraq and other nations, help in one side but the larger potion forms the American war for self interest. On the other hand, the logic of isolationism has helped the US to keep a distance from nations of intense interests (In Commager, 2003). This makes the US to gains from such nations in a peaceful

Wednesday, November 20, 2019

The fall of Satan Essay Example | Topics and Well Written Essays - 750 words

The fall of Satan - Essay Example Satan always yearns to be God. He once tried to convince Adam and Eve by telling that if they eat the forbidden fruit, they will be as God. Satan’s desire and purpose is nothing but to be God. We find in the passage that Lucifer wanted to raise his throne above the stars of God. Satan is the author of desire, lust and thirst for position. His mind is clearly revealed in this passage. He wanted to be like the most high. Throughout the bible we find Satan relentlessly attempting to make himself like God. Yet another passage that confirms the mentioning of Satan in Isaiah 14 is Ezekiel 28. Here we find a proud king, king of Tyre who represents Satan. Satan, the father of pride and idolatry is ruling the heart of king of Tyre. We find the lamentation about king of Tyre, Satan. We find that he was in the Garden of Eden, among the fiery stones. He was adorned with precious stones, and was a shining star in heaven. In the same passage we find Satan being thrown out of heaven. His pri de pushed him out of heaven. We find his fall to the earth from heaven. It is the same fall Jesus mentions in Luke 10:18. The description of the fallen star in Isaiah 14, Luke 10 and Ezekiel 28 refer to Satan, the fallen angel. The pride of the fallen star mentioned in Isaiah 14 and Ezekiel 28 accounts to Satan alone. Satan’s status before the God prior to his fall is also explained in Isaiah 14 and Ezekiel 28. In Ezekiel we read that â€Å"Thus says the Lord God: â€Å"You were the signet of perfection, full of wisdom and perfect in beauty. You were in Eden, the garden of God every precious stone was your covering, sardius, topaz, and diamond, beryl, onyx, and jasper, sapphire, emerald, and carbuncle; and crafted in gold were your settings and your engravings. On the day that you were created they were prepared. You were an anointed guardian cherub. I placed you; you were on the holy mountain of God; in the midst of the stones of fire you walked. You were blameless in your ways from the day you were created, till unrighteousness was found in you† (The Holy Bible). Who other than Satan was found in the Garden of Eden? Satan who remained as the guardian angel for Adam and Eve sinned against God and man because of his pride and thirst for glory and power. This unrighteous attitude of Satan is mentioned in the passages. Satan’s unrighteousness was found on the day he developed the desire to place himself above God. Isaiah explain this unrighteousness as â€Å"You said in your heart, ‘I will ascend to heaven; above the stars of God; I will set my throne on high; I will sit on the mount of assembly in the far reaches of the north; I will ascend above the heights of the clouds; I will make myself like the Most High’† (The Holy Bible). The consequence of Satan’s pride is also mentioned in Isaiah 14. We read that â€Å"How you are fallen from heaven, O Day Star, son of Dawn! How you are cut down to the ground, you who laid the nations low!† (The Holy Bible). The explanation of Satan’s position before God, his beauty, his adornment, his perfection and his place (in the Garden of Eden) in Ezekiel resembles to the glory and honor of Satan mentioned in Isaiah 14. Isaiah describes him as morning star, son of the dawn. Ezekiel finds him walking in the stones of fire. The status of Satan before and after the fall coincides in all the three passages. There is no character in the Bible who can be attributed to the characteristics

Monday, November 18, 2019

Report on the Religious Life of Planet Earth Essay - 2

Report on the Religious Life of Planet Earth - Essay Example These include the religion of Islam which was revealed by the prophet Muhammad and its adherents are spread all over the world such as in the Middle Eastern countries (Swatos & Kivisto, 998). Second, the religion of Christianity is notably the largest faith and has its teachings firmly grounded in the Bible. Evidently, it has approximately over 2 billion followers in the entire. Buddhism is equally another famous religion which teaches the adherents on the best way of living in accordance to Siddharta Gautama (Swatos & Kivisto, 998). Hinduism is a religion in which the faithful have their ideas firmly founded on Indian religious beliefs. The Candomble religion represents an African driven belief system of religion that traces its origins and followers in Brazil. On the other hand, Taoism connotes ancient religious, philosophical tradition that has its belief founded in Chinese worldview. There are equally contemporary and growing religions such as the Bahai religion. The aforemention ed religions are just but a sample of the many religions in the Earth. Their existence and adherents that subscribe to the religions offer part of the proof of the religious nature of man on Earth. The belief in the existence of supernatural beings is a foundational precinct in the belief system of religious people. To this end, they acknowledge the existence of supernatural beings such as gods, spirits or a supreme God. Evidently, the belief in supernatural beings offers a connection to the existence and experiences of humans. For example, among Christians they believe in a supernatural being of God who is composed of three elements. That is, The Holy Spirit, God the Father and God the Son. In addition, they believe in Jesus Christ as the Son of God. On the other hand, the Islamic adherents believe in Allah as a supernatural being and in Muhammad as his prophet. The Hindus on their part believe in the existence of 330 million gods but in one supreme ultimate god known as the Brahman. Contemporary religions such as Bahai express their faith in Bahaullah as the reincarnation or

Saturday, November 16, 2019

Pro Social Behaviour And Islamic Spirituality Religion Essay

Pro Social Behaviour And Islamic Spirituality Religion Essay Spirituality has been defined as that which gives people meaning and purpose in life. Spirituality can be achieved through participation in a religion, but can be much broader than that, such as belief in God, family, naturalism, rationalism, humanism, and the arts. Islam is a religion based on a total submission to the will of the Almighty. The real place for the growth of the spirit is in the midst of life through carrying out all deeds and actions, both spiritual and worldly, as per the will of Allah. As the Quran mentions Those who spend in prosperity and in adversity, for those who curb their anger and those who forgive people. And Allah loves the charitable. In Islam there is significant emphasis on pro-social behaviour as a means to carry out the will of God. It is however seen that this aspect has not been emphasised either in formal training or informal socialisation in the practice of Islam. Accordingly a number of commentators have remarked that some of the ills presently afflicting Muslims in the sub-continent have been due to the neglect of the pro-social behavioural aspect. The present paper is an attempt to throw light on the importance given to pro social behaviour in Islam. Religion Spirituality, definition by psychologists, Islamic phil Pro social behavior, definition, altruism, giving etc Prosocial links with spirituality, other religions, and Islamic spirituality Conclusion: judeo-christian, why not in norms and moral imperative, not there, so conflicts, unhappiness in society, therefore promote spirituality, true meaning of life From an evolutionary perspective, early humans survival relied strongly on the processes of giving and helping. Religious practice has also been associated with prosocial and helping behaviors, as helping is often considered a religious obligation. Weight on giving and helping in the Judeo-Christian culture can be considered a primary reason that prosocial behavior is a social norm and moral imperative in Western Culture today  [2]  . Similar is the case with other religions where prosocial behavior is encouraged although to what extent it has percolated down to becoming a social norm is a debatable issue. The universal presence of prosocial behavior amongst humans has long been a significant puzzle in the social sciences  [3]  . Prosocial behavior can be defined as voluntary actions intended to help or benefit another individual or group of individuals. Prosocial behavior occurs when someone acts to help another person, particularly when they have no goal other than to help a fellow human. Actions that benefit other people or society as a whole are classified as prosocial behaviours. One of the characteristics of prosocial behaviour is that helping does not benefit the helper. It is opined that prosocial behaviour is often accompanied by a cost. Thus the decision to help others is often at a cost to the doer. Prosocial behavior has come to be seen as key in harmonious interpersonal and group interactions. A few terms and concepts frequently overlap in any discussion on prosocial behaviour. Terms like philanthropy, altruism, spirituality, volunteerism, charity, giving, and forgiveness etc are used while discussing prosocial behaviour. It would be useful to throw light on these concepts for a fuller understanding. Philanthropy is voluntary action for the common good, including voluntary giving, serving, and association. The key mechanisms that have been identified as determinants of philanthropy are: (1) awareness of need; (2) solicitation; (3) costs and benefits; (4) altruism; (5) reputation; (6) psychological benefits; (7) values; (8) efficacy. One of the explanations of prosocial behaviour is that people are motivated to behave in ways that help them attain some goal. Often ones own image becomes the prime mover in prosocial behaviour. Thus considerable prosocial behaviour is motivated by reputational incentives. Altruism on the other hand is performed without any reputational incent ives. However personal gratification as a reward cannot be ruled out even in altruistic behaviour. It is also seen that societal pressures and norms impact peoples choice of behaviour. Often people evaluate their lives and find that there is a need to make it more fullfilling by engaging in prosocial behaviour. Giving is viewed as a positive thing to do, especially when giving reduces inequality and when giving is less costly, recipients are not to blame, and is more effective. Giving may contribute to ones self-image as an altruistic, empathic, socially responsible, agreeable, or influential person. In addition, giving is in many cases an almost automatic emotional response, producing a positive mood, alleviating feelings of guilt, reducing aversive arousal, satisfying a desire to show gratitude, or to be a morally just person. There is ample evidence from studies on helping behaviour that helping others produces positive psychological consequences for the helper. There are several reasons why humans may have pleasurable psychological experiences upon giving: people may alleviate feelings of guilt (avoid punishment), feel good for acting in line with a social norm, or feel good for acting in line with a specific (prosocial, altruistic) self-image. Clary and Sneider  [4]  proposed a mod el identifying the factors that initiate volunteerism. They found that it is a combination of the desire to be altruistic, wish to be part of a group, wish to reduce guilt, and the desire to acquire knowledge and skills. Religious texts of all major religions encourage prosociality amongst their believers. The hypothesis that religions facilitate costly behaviours that benefit other people has been variously tested and commented upon. It has also been pointed out that the acute human sensitivity to prosocial reputation is a psychological mechanism, originating unrelated to religion that evolved to facilitate strong reciprocal cooperative bonds within groups  [5]  . It is seen that the threat of being found out therefore became a strong motivator for good behaviour. Norenzayan Shariff  [6]  point out that religious devotion is expected to be context-sensitive, with clear boundary conditions and religious situations habitually facilitate prosocial behaviour. It has also been seen that if religiosity is related to prosocial behaviour in some contexts, it is possible that having a prosocial disposition causes one to be religious. Spirituality is a universally accessible state of mind. It is inexplorable tied to the concept of religion. Pergament  [7]  discussed the question of what makes religion special and concluded that it is the unique substance and function of religion that makes it special. Thus the defining essence of religion is the sacred that refers to things set apart from ordinary life because of their connection to God, the holy, the divine; to transendent forces, Ulitmate truths and Utlimate reality. As Baumgardner and Crothers  [8]  put it, religion is not just a set of beliefs and practices; it also involves how these beliefs are used to answer lifes most profound questions and cope with lifes most difficult challenges. Pargament defines religion as a search for significance in ways related to the sacred and spirituality as a search for the sacred. Religion and religious behaviours represent the many ways in which the search for the sacred becomes organised and sanctioned in society. T hus spirituality becomes a means to address lifes most important questions. It would be interesting to examine the definition of spirituality as proposed by Hill et al  [9]  who define it as the feelings, thoughts, and behaviours that arise from a search for the sacredà ¢Ã¢â€š ¬Ã‚ ¦ people can take a virtually limitless number of pathways in their attempts to discover and conserve the sacred. These pathways to the sacred may also be described as spiritual strivings, which include personal goals associated with the ultimate concerns of purpose, ethics and recognition of the transecndent. Prosocial behaviour as it is understood can be classified in two broad groups on the basis of motivation, one a purely secular prosocial behaviour where actions to benefit others originate purely out of secular and personal concerns with no obvious and material benefit to the giver / helper. On the other hand a religiosity driven prosocial behaviour is where there is definite benefit to the individual in the form of promised salvation or pay offs as a result of following strict religious injunctions and duties. Let us take the example of Islam to examine how religious injunctions and prescriptions enjoin upon its followers to engage in behaviours that could be termed as prosocial behaviour. Islam is a religion based on a total submission to the will of the Almighty. According to Islam, Allah has appointed the human soul as His Khalifah (vicegerent) in this world. He has invested it with a certain authority, and given it certain responsibilities and obligations for the fulfillment of which He has endowed it with the best and most suitable physical frame. (Maududi). In his capacity as the vicegerent (Khalifah) of God, man is answerable to Him for all his activities. It is his duty to use all the powers that he has been given in accordance with the Divine will. He should utilize to the fullest extent all the faculties and potentialities bestowed upon him for seeking Allahs approval. In his dealings with other people he should behave in such a way as to try to please Allah. In brief, all his energies should be directed towards regulating the affairs of this world in the way in which Allah wants them to be regulated. The better a man does this, with a sense of responsibility, obedience and humility, and with the object of seeking the pleasure of the Lord, the nearer will he be to Allah. Islam rejects and condemns the ascetic view of life, and proposes that the spiritual development of man would take place not outside this world but inside it. The real place for the growth of the spirit is in the midst of life and not in solitary hibernation. In Islam, spiritual development is synonymous with nearness to Allah. Distance from Allah signifies, in Islam, the spiritual fall and decay of man. Maududi  [10]  points out that what will distinguish the actions of the secular and religious will be the nature of their relationship with Allah and the aims behind their actions. Whatever a religious man does, will be done with the feeling that he is answerable to Allah, that he must try to secure Divine pleasure, that his actions must be in accordance with Allahs laws. A secular person will be indifferent towards Allah and will be guided in his actions only by his personal motives. This difference makes the whole of the material life of a man of religion a totally spiritual venture, and the whole of the life of a secular person an existence devoid of the spark of spirituality. Thus spirituality is linking of actions to the purpose of life. Actions on their own, without using this framework are just actions or material constructs. The Islamic road to achieve spirituality passes through several stages, starting from Iman (faith) and progressing towards It~at (obedience, subservience), Taqwa (piety, Allah consciousness), to Ihis~an (Godliness). Faith (Iman) in Islam is a state of happiness acquired by virtue of positive action and constructive conceptions as well as dynamic and effective measures (Hammudah AA  [11]  ). According to Islam, true faith has a decisive effect on the spiritual and material lot of man, and also on his personal and social behaviour as well as his political conduct and economic life. There are numerous references in the Holy Quran and traditions of the Prophet on this aspect. The laws of practical ethics in the holy Quran rest largely upon the principles of justice, but charity, philanthropy, generosity, gratitude and sincerity are also recommended. Strict honesty is demanded in business dealings, with just balances, and upright intentions. Lies of all kinds are condemned, the taking of bribes is strictly forbidden. This is especially the case in regard to trusts concerning orphans. Wrong to the orphan is held to be a grievous sin, and in many Suras of the holy Quran there are one or two verses which say in effect Do not touch the property of orphans. Charity and philanthropy occupy a very important place. There are several commands like Pray, give alms, and the good which you do will find with God, who sees all your actions (Patrick, 1901). Thus we see that one the one hand, Allah commands man to follow all is commands and injunctions, yet at the same time prescribes a prosocial behavioural path for him to follow. In essence, the spirituality of Islam is in fact the righteous and prosocial behavior with the knowledge that it is being done with the pure intention of pleasing Allah.

Wednesday, November 13, 2019

Essay examples --

Since the mid-1990s, the United Nations (UN) and other multilateral bodies have asserted authority for the administration of war-torn territories and shouldered the responsibility of placing them on the trajectory of political change (Knoll 2008: 2). In 1995, right after Dayton Peace Agreement, the UN assumed responsibility in Bosnia and Herzegovina (Chesterman 2004: 2). In 1999, following NATO’s armed intervention in Kosovo, the Security Council adopted Resolution 1244 establishing the United Nations Interim Administration Mission in Kosovo (Brabandere 2009: 37). Just a few months later, a transitional administration was created with effective sovereignty over East Timor until independence (UNTAET). These expanding mandates continued a trend that began with the operations in Namibia in 1989 and Cambodia in 1993, where the United Nations exercised varying degrees of civilian authority in addition to supervising elections (Chesterman 2004: 2). However, although the UN had assumed responsibility in 68 countries since 1948, the missions in Bosnia, Kosovo, and East Timor are commonly seen as unique in the history of the United Nations (Chesterman 2004; Doyle 2001; Chopra 1998; Wolfrum 2005; Stahn 2008). First, international administrations of these countries represent the most comprehensive missions ever deployed by the United Nations. Second, these cases also represent clear examples of democratic regime-building efforts on the part of international administrators. In the three cases, democratic regime-building has been an explicit goal, and international administrators have sought to oversee and involve themselves in a full process of regime change (Tansey 2009). Lastly, the three cases also display variation on both independent a... ...lack of interviews or surveys represents a limitation in this respect. These gathering-data techniques could enormously supplement the present paper in addition to primary documents, academic literature and non-academic materials published by think-tanks and NGOs. Second, following Przeworski et. al. (2000) and Mainwaring et. al. (2001), the present paper it leaves out substantive results such as social equality and economic development. Nevertheless, although these caveats are significant and may serve as the impetus for further research they do not overshadow the modest endeavor of the present paper. As Mainwaring et. al. (2000) suggests, by applying a trichotomous scale with a modest information demand, the number of coding errors significantly would be reduced and thus achieve greater reliability than would be possible under a more demanding measurement scale.

Monday, November 11, 2019

Week 2 Cmgt 554

Patton-Fuller Community Hospital is a prominent hospital that is known for specializing in radiology, physical therapy, pharmacy, and surgery. Patton-Fuller Community Hospital was founded in 1975. Patton-Fuller Community Hospital has been providing quality care to all its patients both children and adults alike. Patton-Fuller Community Hospital patients are accustomed to the quality service that the hospital provides with a focus on the different programs and services to help maintain a high degree of care for its patients.Patton-Fuller Community Hospital has an abundance of technology and can be segmented into many different areas providing an in-depth review of the advancements and shortfalls of organization. The networking department has the challenge of dissecting and breaking down the current infrastructure to ensure a comprehensive analysis is done to provide a solution that will last for the three to five years. Identifying the right solutions and architecture is key to ensuri ng the growth of the network infrastructure to support the demands of the current health care industry.The methods of how Information transmits within the hospital and externally are: Based on the Network Diagrams the Network has two segments; Administrative and Clinical. The backbone network structure for the entire hospital is 1000 Base T. The nodes of the administrative function network utilize CAT 6 cabling. The nodes of the administrative functions network are connected to an Ethernet backbone. A single mode fiber cable, transmitting 1000 Base F, physically connects nodes attached to the clinical segment. All nodes attached to the clinical function segment is physically connected by single mode fiber cable and transmitting 1000 Base F.Both segments connect via a network bridge. A DHCP server provides all workstations on the administrative function segment with IP addresses. A good security practice for the network black/white and color laser printers are to utilize a static IP, so the MAC address is registered with the DHCP server to prevent malicious activity. To prevent any unwanted malicious activity the Nodes on the clinical function segment IP addresses are static IP’s. The DHCP service is run on the Exchange Server housed in the IT data center. The domain naming solution is also hosted on this server.Active Directory centrally manages user account management in the domain. All web traffic is relay through a proxy that masked the identity of the IP address. To ensure the hospital has adequate Disaster Recovery (DR) capability the entire hospital has a complete power backup system that automatically cuts over to a large diesel motor generator set. The Patton-Fuller Community hospital network bridge connects to the logical network. The bridge connects multiple internal segments at the data link layer, which is Layer 2 of the OSI model.The Data Link Layer enables data to be transferred between network entities and might provide the means to detec t and possibly correct errors that may occur in the Physical Layer. The hospital’s network is an Ethernet network. Within the Patton-Fuller Community Hospital architecture the physical layer can be found within the appliance in the operating room and intensive care unit along with the patients rooms. The data link layer is where the physical transmission of data is managed. This creates and distributes messages boundaries. At the network layer the management of the data is routed where the routing takes place.This is the Internet level of the protocol stack. Routers are designed to forward packets of data to other routers and active switches. Patton-Fuller Community Hospital data center uses a Cisco router model 7609 to perform these tasks. At the transport layer it is responsible for breaking large strings of data into manageable smaller packets. Error checking and elimination of duplicate packets is done at this layer as well. Patton-Fuller Community Hospital utilizes a net work gateway device to interface both their clinical and administrative networks with the Internet. At the session layer it manages the session for all users on the network.The session layer also manages the amount of time spent to transferring the data. A network gateway is considered a session layer device. At the presentation layer this layer is concerned with formatting, and resolving differences of data format between two different machines. It also takes the data from applications format to the network format. One example of this method is the Advanced Encryption Standard utilized by the Patton-Fuller Community Hospital. At the application layer it defines the interfaces for communication and data transfer. This is also the end user’s access to the Internet.One good example of the application layer would web pages. Patton-Fuller Community Hospital has the backbone infrastructure that provides adequate bandwidth to support video and other high quality of service services . However it does not have the necessary requirements for future needs. With the sale and deployment of networked equipment within the medical industry it is becoming more apparent that Patton-Fuller Community Hospital invest their future. References Patton-Fuller Community Hospital Virtual Organization, (Apollo group, 2011) https://ecampus. phoenix. edu/secure/aapd/cist/vop/Healthcare/PFCH/index. asp

Saturday, November 9, 2019

The importance of life Essay Example

The importance of life Essay Example The importance of life Essay The importance of life Essay Essay Topic: Life Is Beautiful How many of us value the importance of living? Do we really appreciate the fact that we wake up every morning breathing? We should. Every one of us should pray every morning thanking God for the opportunity of another day of living In this wonderful world of ours. Every morning we should look up and say Thank You my Lord for another day because as we hear It many times tomorrow Is not promised to any one. We human attend to Ignore the lord and what he has done for us. For over a millions and a millions of years we been living under the sky, on this absolute beautiful world without paying anything. Do we ever think Oh God thank you? No, but we should, and shouldve every day such a confusing, ambiguous society sometimes you never really know what Its all about. Often times people will feel Like no one needs them In this world. As much as It can sometimes seem as though the sun is always setting, somewhere on the globe it is also always rising. The beauty of your life is that you can change it all, it all starts with what you want to see. Adequate, then you must make a change to live differently. Maybe you should just try something new, call up some old acquaintances, make some friends, or even start a garage band. Branch out and try something that isnt Just based on your own efforts. Friends can always have an impact on each other. O Dont Have to Change the World. We dont live in a fly or die society. There is plenty of room to sight see and blaze a different trail. The most important person to be important to is yourself.

Wednesday, November 6, 2019

Paul Henderson Essays - Politics And Sports, Free Essays

Paul Henderson Essays - Politics And Sports, Free Essays Paul Henderson For this project I chose as the quintessential Canadian, Paul Henderson. He is representative of the entire 1972 Team Canada. Before this famous series, it was assumed that Team Canada was unbeatable, but it soon became clear that Canada would be the underdogs and have to fight back. In the end, it was the little known player, Paul Henderson, who became the star and restored pride in the hearts of all Canadians. He is truly a "quintessential" Canadian. The 1972 Summit Series represented what was going to be a test of the best, to see who was the best "Hockey Country," Canada or the Soviet Union. Canada put their superstars up against the Soviet Union in an eight game Series where four games would be played in Canada and four in the Soviet Union. The games in Canada were played in Montreal, Toronto, Winnipeg and Vancouver while in the Soviet Union, they were all played in Moscow. The superstars for Canada included Bobby Orr, Ken Dryden, Tony and Phil Esposito, the Mahovolich brothers, Jean Ratelle, Yvon Cournoyer, Rod Gilbert, Dennis Hull, Brad Park and Pat Stapleton. Canada seemed to have a stacked team, but the Soviet Union was not about to quit. In fact, they dominated Team Canada in Canada taking two of four, losing one and tying one. Canada was embarrassed! Losing game one in Montreal 7-3 Canada had given the mental edge to the Soviet Union, but took it right back in game two in Toronto with a 4-1 win. Game three in Winnipeg was anyone's game, but neither team could get a definite lead and the final was 4-4. The series was now 1-1-1 for both teams. Convinced that they could not go to the Soviet Union trailing in the series, Canada needed a big game, but to no avail as they lost in Vancouver 5-3. Team Canada left the ice to the sound of boos. When the game was over, Phil Esposito said that they (Team Canada) were going out every night and playing their butt's off and all the selfish Canadian fans can do is boo them off the ice. He thought it was a disgrace. They were giving it 150 percent every night for one reason, because they loved their country. After that interview, 3,000 fanatic fans bought tickets to see Canada in Moscow. Down two games to one, Team Canada needed three out of four to win the Summit Series and prove that Canada was the best. Unfortunately, Canada lost the first game in the Soviet Union, and were down 3-1-1. Canada was in a state of desperation and that is when Paul Henderson stepped up. Game six in Moscow was the first of the three crucial games in Canadian history. Henderson, with one minute left in Game six, slipped the puck past a sprawling Vladislav Tretiak to get the 3-2 win. In game seven, Henderson was again the hero scoring the winning goal in a dramatic 4-3 finish. Game eight was THE biggest game in Team Canada history. This Summit Series started with Team Canada as the favorites, and that changed to the Soviet Union being the favorites and the Canadians being the underdogs. Now Game eight was here and Canadians all over the world were watching. With the series tied 3-3-1 Canada needed the win to prove they were the best. With the score deadlocked at 5 and one minute to go, Henderson made Pete Mahovlich get off the ice to let him on. With 40 seconds left, Cournoyer sent the puck ahead to a speeding Henderson. Henderson slipped and fell into the near boards. Esposito intercepted the clearing attempt by the Soviet Union and banged it towards Tretiak who made the save but left the rebound loose. Henderson, alone in front, took two whacks and on the second whack it went in to the right of Tretiak with only 34 seconds left on the clock. Canada had won the game. Paul Henderson, is the true Canadian hero and the perfect definition of the "Quintessential Canadian". Canadians all over the world were filled with a sense of pride at that moment in time. At that time, Hockey was the one thing that helped identify us as Canadians. It

Monday, November 4, 2019

Sales Management Essay Example | Topics and Well Written Essays - 1500 words - 1

Sales Management - Essay Example It is difficult for the sales persons to agree that their product is inferior to another competing product. Under such circumstances, sales person will try to convince the customers at any cost. On the other hand many others are of the view that being truthful in an imperative for sales success. Relationship building is accepted as the core of every business activities at present and sales is also not an exception. Telling lies or cheating customers will never help the sales persons in establishing strong relationships with the customers. Customers who once cheated by the sales people will never come back to the same organization. This paper analyses the question; is sales ethics an oxymoron. Is sales ethics an oxymoron? Selling ethically, like all High Probability Selling principles, has been proven to statistically boost the probability of closing sales. Many salespeople report that truthfulness also reduces the stress and anxiety associated with the selling process. Radically Hone st Selling is a Win-Win situation for both Buyers and Sellers. Buyers conduct business feeling treated fairly and respectfully. Salespeople enjoy their work more - and enjoy greater financial rewards (The Truth About Truth in Selling: Sales Ethics is NOT an Oxymoron, 2004).1 Shortcuts will help people to achieve temporary gains whereas in the long run shortcuts may create problems. In sales operations also the above fact is true. A sales person may succeed in selling his product or services using shortcuts or exaggerated claims; however the customer will realize the trap later and he may take legal actions against the company or the sales person which may destroy the reputation of both the company and the selling people. On the other hand, if the sales person adopts only the straight ways to sell his product, the customer may give more mouth publicity to that product which may raise the reputation of the company and the selling people. Both the buyers and the sellers should have met their objectives in a deal so that the relationships with the seller and the buyer may be strengthened. â€Å"A study in Business Horizons magazine from In ­diana University, found that customers increasingly base their buying decisions on whether they be ­lieve a company is ethical. Cynicism promotes fick ­le buying habits† (Bucaro , 2006, p.1)2. Corporate social responsibility is a much debated term in business arena at present. Ethical selling habits are one of the major elements of corporate selling habits. A socially committed company should never try to cheat the customers with the help of exaggerated or misleading claims about their product. Ultimately, every social setups and systems are meant for the wellbeing of the society and no company or salespersons can survive for longer periods by neglecting the needs of the society. Putting blame on others for one’s own faults is not a good business or selling strategy. In the eyes of the customer, the reputati on of the company and that of the selling person will grow only when the sales person was able to keep honesty in his approaches. Exceeding the needs or expectations of the customer will always help the sales person in building the reputation of the company. Instead of blaming the products or services of the competitor, the sales person should try to convince the customers with the help of the features and qualities of the product or service he is selling. The sales person sh

Saturday, November 2, 2019

Managing hospitality and tourism projects Essay

Managing hospitality and tourism projects - Essay Example Relying on the superiority of software, it could manage planning and estimation, scheduling, budget management and cost control, resource allocation, communication, collaboration software, quality management, decision making and administration or documentation system. Total quality management is referred to the structured and comprehensive approach towards organizational management which seeks to enhance the quality of services and products through ongoing improvements in response to the continuous feedback. Total quality management can be put into practice by any kind of organization; it was initiated in manufacturing sector and then it has been adapted in almost each type of companies including churches, schools, hotel management, and highway maintenance. The purpose of the report is to critically evaluate several concepts, theories, and tools related to the project management and decision making. Various concept of project management will be applied in the Radisson Blu Hotel at Di sneyland Paris and focus will be paid on how change management will help the company to attain success. Cost benefit analysis involves first totalling the benefits and then evaluating these with costs related with the course of action. The outcomes of the investigation are frequently expressed in terms of payback period which is the time taken for the benefits in order to repay the costs. The cost benefit analysis technique can be used in various situations such as in making decision whether to employ new member of team, during making evaluation of a novel project, and in determining the viability of assets or capital purchase (Layard and Glaister, 1994). Determine scope and objectives: The initial step involves outlining the characteristics of problem which is to be addressed. The information provided at this phase should also present an initial sign of how suitable the objectives are relative to the needs of