Identify And Briefly Describe The Major Industry Activity

Submitted By Geemaa

Words: 444

Pages: 2

Open Document

Section 3
Identify and briefly describe the major industry group in which your company participates TechStorm Industries is striving to become the leader in manufacturing game consoles, gaming peripherals and other tech hardware. The industry is filled with beginners, advanced and professional level gamers as well as tech enthusiasts leaving TechStorm Industries to only develop the best. Gaming is taking the world by storm and is being more and more popular as the years come. From smart phone gaming to tablets to console and all the way up to extreme computer gaming, consumers want to play. Playing video games is not just for nerds anymore, it has become a passion and a pastime hobby for millions. Competitive gaming now even broadcasts on live TV with huge amounts of sponsors and even a larger amount of people watching it. The gaming industry is not just about getting frags, it is also about a place of employment and provides a sense of creativity and learning. The gaming and tech industry provides consumers with a sense of accomplishment when beating the next level or working on a certain part of the game until they are able to move on. It also helps develop social interaction, those who normally do not have the chance to communicate with others will be able to work and develop on their social skills. Gaming and other technology allows gamers and techies to be part of a community, bringing people together, develop many life skills and possibly even create the next innovated piece of technology to change the world.
Identify key competitors your company faces TechStorm Industries faces a few competitors, like any

How To Minimise Risk In A Business

Risk Assessment Risk can be described as an uncertain event or condition that, if occurs, has a positive or negative effect on a business (Marchewka; 2006). In business it is imperative to continuously monitoring risk as the environment is constantly changing. According to Cadle and Yeates (2008) the identification of risk will help a business to plan, prioritize and formulate responses to those risks that provide the greatest threat or opportunity for the business. Businesses must acknowledge that…

Words 868 - Pages 4

How Risk Affect Car Insurance

Have you ever wondered how the cost of car insurance is determined? Do you feel like the bulls-eye on the dartboard where you are the target of the highest rate imaginable? These feelings can be relieved somewhat by understanding what factors have an impact on automobile insurance premiums. Risk Affects All Quotes on Car Insurance First however, this is a good time to mention the term risk. Risk is a basic premise found behind every insurance policy issued and the concept of risk and the idea behind…

Words 1238 - Pages 5

How Can Organizations Educate Their Employees Traveling To High Risk Areas

How can organizations educate their employees traveling to high risk areas? Educating employees on high risk areas must start with setting expectations. We have a responsibility to provide the employee with as much information about the destination as possible, and then ensure that new/current information gets to the employee as quickly as possible. There is also a need to ensure that the employee maintains a level of situational awareness appropriate to the location and the issues…

Words 623 - Pages 3

How Should Risk Assessment Help To Guide The Decision Process On Veterinary Biologicals

int/eng/publicat/A_RT14.htm Limitations, definitions, principles and methods of risk analysis D.W. NORTH Summary: Decisions on veterinary biologicals involve large uncertainties, complexities which cut across many scientific and technical disciplines, and large potential adverse impacts on public health and on important sectors of the economy. How should risk assessment help to guide the decision process on veterinary biologicals? How can risk assessment practices be harmonized internationally, given the different…

Words 4635 - Pages 19

Expropriation Risk In Chin How Much Should We Worry About The Alipay Transfer?

WebQuest Business Insider Join Log In Tech Money & Markets Briefing Ideas Executive Life TECH Expropriation Risk in China: How Much Should We Worry About the Alipay Transfer? STAN ABRAMS MAY 31 2011, 10:31 PM BOOKMARK A lot of folks are still talking about the ongoing fight between Yahoo and Alibaba. As you no doubt recall, Yahoo is a tad bit miffed at China e-commerce behemoth Alibaba. Yahoo owns 43% of Alibaba, which until recently gave the American firm partial interest in valuable…

Words 410 - Pages 2

Essay on How I Would Implement Risk Control Strategies To Overcome The Following WHS Problems

and how to avoid them. Also, you will have information about steps you would take to investigate and record the incident. How I would implement risk control strategies to overcome the following WHS problems? Back strain due to lifting heavy objects Use of engineering controls: Firstly, I will change workstation layout, which might include using height adjustable workbenches or locate tools and materials within short reaching distances. This will assist in eliminating or reducing the risk factors…

Words 896 - Pages 4

ERM Study Notes Essay

decades earlier? The unintended consequences of shorter CEO tenure are this can make the CEO overly risk averse. It makes CEO decisions more conventional and less risk taking is involved. Also CEO’s focus more on short-term goals than long term. 2. What are some barriers to the board’s effectiveness in risk oversight? Boards members rarely have an understanding of key enterprise strategies or risks. They have no clear sense of their companies’ prospects 5 to 10 years down the road. They have limited…

Words 8317 - Pages 34

Culture: Risk Management Essay

Risk Culture & Enterprise Risk Management IRM Risk Culture Seminar 28th February 2013 Alex Hindson What do we mean by Risk Culture? Why is risk culture so important? How does culture affect risk management? What does a good risk culture look like? What can the board do about risk culture? How can you change a culture? What will this presentation cover? • • In January 2011 a team was established to develop some usable industry guidance on Risk Culture This presentation is an introduction…

Words 996 - Pages 4

RB1 Very Short Essay

BANKING – Juggling risks - for profit How do it? How learn how to do it? How develop Retail Bank? How get Competitive Advantage? RETAIL BANKING – Juggling risks - as teams & organisation How do it? How learn how to do it? How develop Retail Bank? How get Competitive Advantage? Real world Models of Retail Banks Overview – ‘juggler’ Retail banking – juggling financial risks - and returns /profits Individuals & teams in Bank firms Retail banking – juggling financial risks - and returns /profits…

Words 2982 - Pages 12

Essay on Minutes: Week-day Names and Imran Dave Apologies

due to complications at work Minutes Group present decided on refrigerator idea. Imran to research competitors – names, products offered, price, features, drawbacks Bogdan to research marketing risks (Section 12) – what the risks are and how to manage them Dave to research requirements – how to develop it, what it is being developed on, who will develop it, what is needed to develop it. Dan to research promotion and advertising All to be done by Monday 20.00! Next meeting to be at Bogdan's…

Words 2300 - Pages 10