Hong Kongs Approach to Financial Stability Essay - 1

Hong Kongs Approach to Financial Stability - Essay Example The fact that during a crisis there is a limited amount of time to solve the crises situation makes it even more difficult. Most of the crises oppose as threats to major organization and thus if not properly dealt with results to serious consequences to the organization. It may be the downfall of the certain organization or company facing the crises. Most of the financial organization lack a crises manager whose main work is to foresee the unpredictable circumstances or events that pose as a threat to the organization. This makes it even more difficult to face the problems. Planning in detail for response to as many potential crises is crucial. Due to the financial constrains that most of the organization face it becomes very difficult to set a lot of funds aside to plan in response for a crisis? Establishing monitoring systems to foresee the threats in an organization is also very expensive. Training and the establishment of a crises management team is very crucial which little financial organization take for granted. It becomes very difficult for an untrained team to handle crises and in many cases; they will mismanage the crises (Chan et al, 102). Because of the recognition that financial crises are probably unavoidable; the authorities in Hong Kong have maintained a conservative approach to regulatory and supervisory policies. a number of policies have been carried out in the Hong Kong’s Approach to ensure that there is financial stability in avoidance of crises. If there were better warning signs and indictors, organization could have the ability of avoiding major crises such as the trans-Atlantic financial crises. Many warning indicators have been set in the many departments to alert organizations in case of any crises to result. Market intelligence is also an important strategy employed by the different organizational departments when dealing with crises. Cooperation between essential organizational departments has also

Martin Luther King and Malcolm X Essay Example | Topics and Well Written Essays - 500 words

Martin Luther King and Malcolm X - Essay Example Political philosophy: The deep differences in their political philosophy are an example of the extent to which their formative years impacted their adult life: King drew inspiration from the champion nonpareil of nonviolence, Mahatma Gandhi, who, without so much as lifting his little finger, had brought the behemoth of British imperialism crumbling down. Apart from an unswerving commitment in theory and practice to nonviolence, both Gandhi and King drew from the core ideals of their respective religions. If the Mahatma embodied the tolerance and spiritual expansiveness of Hinduism in all its depth, King was the practitioner of the quintessential Christian virtues of inclusiveness, compassion, and forgiveness. (Lischer 53) On the other hand, Malcolm despised the religion he was born into, frequently abused and cursed the Book of God, deserted Christianity, (Malcolm X) and was vehemently committed to the policy of racial exclusiveness and separatism. His beliefs were based on the †˜eye for an eye’ doctrine. (Adams) Legacy: Another area that characterized the sharp difference between the two related to their legacies. If King was to leave behind a legacy as a champion of nonviolence, a principle to which he swore till the end, the finest culmination of which was the Nobel Peace Prize in 1964, a year after winning the Time’s ‘Man of the Year’ award, (Cone 86) Malcolm left behind a legacy that was totally dissimilar to King’s, and was as tormented as his life and principles.