Case study analysis Essay Example | Topics and Well Written Essays - 1000 words - 6

Case study analysis - Essay Example Many foreign business people were encouraged to invest in Russia and a privatisation programme was introduced, as well. The economic reform policy led to high inflation rates in 1992 and the succeeding eight years. The national output fell by almost 20 per cent in 1992 leading to increased unemployment rate in the same year. There was a huge government deficit in 1992 rising from 1.5 per cent in the first quarter to 15 per cent in the last quarter. The economic growth rate slowed down in 1993 until 2000 where the economy almost realised full recovery. Inflation may refer to the general increase in prices of commodities in an economy. Following the introduction of the reform policy in 1991, Russian economy experienced a hyperinflation in 1992, which amounted to 1527 per cent. The reform critics argued that the Russian economy was very rigid to adopt the mixed economy system. They added that the increased rate of money supply of 600 per cent contributed to the increased inflation rates. When the government abolished the price controls, the monopoly producers hiked the prices of their products. The consumers, on the other hand, could not afford the goods sold at high prices and this lead to a huge decline in demand. The forces of foreign investors lead to some local producers escape the industry and, as a result, there were huge shortages of commodities in the market. Consequently, the decreased supply levels led to increased prices of commodities, such as food and clothing (Leitzel 213). The rate of inflation rose from less than 200 per cent in 1991 to more than 1400 per cent in 1992. In 1993, the inflation rate fall drastically to around 300 per cent and reduced gradually to a value below 10 per cent in 1997. Despite the financial crisis in 1998, the rate of inflation remained constant until 199 when it rose with a small per cent. Since 2000, the rate of inflation has remained below 15 per cent until 2008 (see the blue curve). The real GDP declined

Contingency plan for sailing yachts charter Essay - 2

Contingency plan for sailing yachts charter - Essay Example It includes fire prevention, fire fighting practices, and pirating activities as they might impact business operations or the well-being of ship and crew. Because this represents a luxury market, kidnapping and resource plundering as the result of pirating activities, which are on the rise, must be recognized. Fire represents the largest assessed risk for the business’ disaster management programme. In the event of disaster situations, the vessel and its associated dispatch and control teams will establish an incident control system modelled after that in use by the U.S. Department of Homeland Security. The ICS structure â€Å"establishes common terminology that allows diverse incident management and support entities to work together across a wide variety of incident management functions and hazard scenarios† (thebreakingnews.com, 2004, p.16). ICS modelling for incident control provides an organizational framework by which to handle different real-time disaster situations. Dispatch efforts will include making appropriate contact with local coast guard authorities if the situation cannot be controlled effectively by the officer in charge as well as the Fire Brigade. ______________________ The existence of rogue waves and other atmospheric phenomenon is a genuine risk to operating the business and pose potential risks to the health and safety on crew and customers. There are no appropriate mitigation risks in the event of these scenarios, however wave measurement technology includes fully-functional measurement systems to identify risk (chl.erdc.army.mil, 2009). It is the responsibility of the information technology support team to ensure these technologies are implemented on board and functioning properly for ongoing risk mitigation. This is controlled at the operational and organizational levels and will be run through diagnostic systems checks periodically as mandated by technology needs. In the event of