InstructionsSmall to medium businesses are exposed to risks on a daily basis. The impact of these risks could cause a decrease in revenue and/or an increase in expenses. As we all know, every business is subject to risks at any time. The potential losses as a result of unmanaged risks could be catastrophic. As discussed in the unit lesson, insurance policies can be purchased that can help protect businesses from risks caused by certain events and from risks to their employees' personal security.You have been given the task of persuading your business's board of directors to purchase insurance policies that will help manage the risks mentioned above. The insurance policies have already been chosen, but now you must explain the details of the insurance policies, including the contracts involved in the policies, to the board and convince the board that these policies really will protect the business from risks. In addition, you must describe what the terms in the insurance contracts mean and how they can be applicable to each business area.In order to this, you will need to create a PowerPoint presentation consisting of at least 10 slides, and complete the following tasks:Define insurance and an insurance policy.Identify the two basic types of insurance.Describe how insurance policies can be used to protect the business from risks caused by certain events and from risks to their employees' personal security while on the job.Define the four essential elements of a valid insurance contract: offer and acceptance, consideration, legal capacity, and purpose.Identify the common terms found in insurance contracts that specify exactly what risks an insurer will cover.Define catastrophe theory and how it differs from risk management principles.Discuss how catastrophe theory can be utilized by your organizations to manage and recover from risks.Please ensure that all sources used, including your textbook, are formatted properly using APA style. Keep in mind that the 10-slide minimum does not include the title slide or references slide.

Case #5: Ritz Carlton - What is Ritz-Carlton’s business strategy? Who are their primary customers? - Among customers, what accounts for Ritz-Carlton’s reputation as a high—quality hotel? How is quality defined by customers? - How is quality defined within Ritz-Carlton? Does the DQPR data in the ritz.xls spreadsheet indicate any significant quality problems? - If you were to select a category of defect to address from the DQPR data, which category would you address first? Why? - For the defect category you selected, consider the process that generates the defects. Generate hypotheses about the possible root causes of the defect and potential solutions. **** All case write ups shall be written using Ariel font, double-spaced, 11 pt. font, normal margins. Individual write-ups shall be a maximum of 3 pages, not including any charts, graphs, etc.

Week 2 Discussion: Leader as Individual - Mind & Heart Please watch the short video of W. Mitchell above. I can't think of many people who have more reasons than Mitchell to blame, complain, and become a victim of circumstances. Let's try to look at our workplaces from a new perspective. 1. Using the mindset of Mitchell (personal freedom, responsibility), identify an issue in your respective roles/workplaces (former or current) that needs improvement. Describe the problem/situation. 2. Putting on the "glasses" (paradigm, mindset) of Mitchell (perhaps removing an old pair of "glasses"), explain how you will become part of the solution to the problem you identified in (1) above using this mindset of service (love).