What Makes A Human Essay - 1346 Words

When we look forward and anticipate the future through the means of science fiction, it seems that contributing largely to our contemporary definition of â€Å"human† is our imperfections. The very fact that we posses these imperfections is the reason that writers imagine a future where those imperfections may be eliminated; knowing that there is room for improvement drives human curiosity and ingenuity forward. So now we imagine a future where humans are perfect, ageless, precise. Would these things really still be human or closer to real life cyborgs? Maybe this question is too ethical, lacking in empirical evidence to give a non-angled answer. But for myself, what makes a human different from a machine is that we are not built off of automatic judgments, we are not ageless, and we all carry collective, as well as our own individual imperfections. For it is these imperfections that remind us that we were not constructed in factories, but are rather shaped by our biology and given environments. As humans, we do in fact posses many automatic functions, many of which are linked to the autonomic nervous system which controls and regulates bodily functions such as our heartbeats, blood circulation, and breathing patterns. As Descartes puts it, â€Å"Our own bodies can move without the guidance of volition.† So in this sense, the human body has a mechanical side to it, but when it comes to our reasoning of the world, being creative, and solving problems, these are functions that are notShow MoreRelatedWhat Makes Us Human? Essay1377 Words   |  6 Pagesâ€Å"What makes us human?†, is an unanswered question asked by many. Is it because of our ability to have empathy for others? Or is it because of our cognitive ability which allows us to look into the future? One of the main arguments made that separates humans from animals is our communication style; our language. Is language inherently unique to human? To answer such a question, we first ope rationally define language as; â€Å"a system of communication based upon words and the combination of words intoRead MoreWhat Makes Us Human?1394 Words   |  6 PagesWhat Makes Us Human Being a human is a lot more complex than people believe it to be. Although we can be similar, we’re unique to any other mammals or animals in the world. Humans are a difficult species to understand. We’re constantly changing and creating or discovering new things, throughout our world. Being a human isn’t always easy; we get things thrown at us suddenly like sickness or death, things go wrong such as failing a test or going through a breakup, and the most challenging thing;Read MoreWhat Makes Us Human?1228 Words   |  5 PagesWhat makes us human? For thousands of years, we have struggled to describe what it means to be human. Is it the way we walk, the size of our brain, the tools we use, or our capacity for emotion? All of these can make a difference when it comes to understanding our ancestry and what makes us special. Brain size is a determining factor in the intelligence of a species. Many people would think that the larger the brain, the smarter the species; however, a species can have very large brains andRead More What Makes Us Human?1718 Words   |  7 PagesHumans are extremely complex and unique beings. We are animals however we often forget our origins and our place in the natural world and consider ourselves superior to nature. Humans are animals but what does it mean to be human? What are the defining characteristics that separate us from other animals? How are we different? Human origins begin with primates, however through evolution we developed unique characteristics such as larger brain sizes, the capacity for language, emotional complexityRead MoreWhat Makes Us Humans?1069 Words   |  5 Pages Thought is what makes us humans. Our rationalism, our ability to make decisions based on our own reason and knowledge, is what makes humans human and not animals. Now a day we all have access to the largest library, the largest source of knowledge the world has ever known: the internet. Over 2,000 years ago we had the Library of Alexandria, a place where intellectuals would gather to discuss ideas and conduct research from over half a million books, a place where knowledge could grow. InRead MoreWhat Makes Us Humans?999 Words   |  4 PagesWhat makes us humans? Ask science, and we may receive a straightforward lesson on anatomy, but if we ponder the question deeper, we eventually find that it is actually a variety of intrinsic properties that define who we are as humans. In the novel â€Å"1984,† George Orwell enlightens us to what these qualities are and pushes us to decide whether the people of Oceana that lack these qualities are even human. The core characteristics of humanity as we know it are humor, imagination, spirituality, sexualityRead MoreWhat Makes Us Human?1905 Words   |  8 PagesHumans have made tremendous strides in learning about our early ancestors, but many questions remain about how and why we are what we are today, and there are as many theories. Chris Stringer, author of Lone Survivors, attempts to answer some of those questions. The question of â€Å"what makes us human† is a complicated one, with many different answers . Human beings evolved into what we are today not only through evolutions in genetics, brain size and body size, but also through our behaviors. So muchRead MoreHuman Nature : What Makes A Human Person?1511 Words   |  7 PagesHuman nature, the essence of what makes a human person what they are, is something that everybody has. Every person is innately a person, but how they put their personhood into action is the biggest indicator of their character, or the projection of a person’s human nature. At their core there is human nature, but their actions are what direct this source of humanity. The quality of someone’s actions is shaped by their environment and sometimes their biological makeup as well. Human nature doesRead MoreWhat Makes One Human and What Makes One Animal? Essay1635 Words   |  7 PagesGulliver’s Travels exposes the interdependency between both human and animalistic behaviors. In these travels, the word â€Å"human† does not necessari ly belong to a certain species, but is rather a characteristic of reason based on the social norms of a particular society. It also claims that animals lack reason and therefore are subdued by those with reason. Since Gulliver finds that humans are the only animals capable of reason, he sees humanity in the Houyhnhnms, who are completely governed by reasonRead MoreWhat Makes Humans Truly Unique?1551 Words   |  7 PagesWhen asking, â€Å"what is it that makes humans truly unique?† you must first ask yourself what unique means. In the grand scheme of the universe, humans may not be that unique but here on Earth we are very much so. We shape the world around us every day, for better or worse. We are by no means the most abundant species on the planet, (that title goes to ants), but we are the only species on Earth protecting other species. So in this case, unique means more progressive and more biologically advanced

I Don t Like Cops - 762 Words

Although several youth shared personal stories of their negative interactions with SROs, there are other youth that were neutral towards SROs. One youth in particular did not have empathy nor respect for law enforcement as a whole (let alone a SRO), he said, â€Å"Everytime I’m with a cop, I’m always getting arrested for no reason. [We’ll] be co-operating and they’ll be throwing my (expletive) on the floor. They’ll tighten the cuffs even more for no reason while we’re cooperating and shit. That’s the reason why I don’t like cops.† Another youth expressed neutrality by stating, â€Å"Some of them are good to an extent. Some of them, just like how there’s good people, there’s bad people that abuse their power like a dictator.† Authoritative Separatism Youth expressed their discontent with the current SRO on their school campus. Youth informed the researcher that the former SRO was more genuine with his interaction. For example, many of the youth responded, â€Å"He actually played football with the kids out there†, â€Å"Like he’ll talk and have a conversation with you†, and â€Å"He would talk to you. Like when you talk to a cop, there’s somewhat or a little bit of intimidation. With him [Burns], you don’t feel like that. You feel like you’re talking to a normal person.† Allowing SROs the capability to develop personal relationships with youth can ease the existing tensions and lessen the stigma surrounding police officers as a whole. Although SROs are easily distinguishable through their policeShow MoreRelatedRacism Is A Big Problem1249 Words   |  5 PagesUnited States.â€Å"Racism Really† I chose this title because I wanted to know more about racism. Such as, what happe ned during the Ferguson destruction, and why is that so many white cops shoot at innocent men, and how long has this been going on. The ‘really† part is about why would you really want to do this. Do you know you can go to jail or police can get fired for harming innocent people. What do white cops have against black men? I think that white cops don t like black men because they think thatRead MoreThe Bus Lane At Lion s Park Train Station1036 Words   |  5 Pagesthere, I thought, happy to be done with another stressful day of classes. After most of the other passengers disembark to board the train, those of us which stay on the bus each have our own seats. The bus driver steps off the bus, as he does each day, to smoke a cigarette. Each day I contemplate how the complex interplay of individuals can become simple routine, reduced to the same exhausted ride to school every morning, matched to the seemingly endless ride home every afternoon. I wouldn t be ableRead MoreRacial Injustice And Police Brutality1208 Words   |  5 Pages I stand here today to present you with the issue that needs to be addressed immediately: racial injustice and police brutality. America is base on the fundamental principle of equality and freedom to be individual. However, this cannot happen due to the unjust to we, the blacks. Our ancestors helped through the civil revolution, many great people- such as Abraham Lincoln, Martin Luther King, President Obama that try to create equality for people. America is a place where people of differentRead MoreBlack : A Black Person1199 Words   |  5 Pagesseems blunt, in your face, politically incorrect even, but it is unapologetically exactly what I am. As a black person, most of my youth has been spent trying not to be defined by the color of my skin, but unlike Caucasian skin, it is something that cannot be ignored or disregarded, it is the first thing that people see when they see my face, and so being black has gone beyond merely what I am but who I am. Being black especially in our country comes with a lot of assumptions and beliefs aboutRead MoreRacism, Hatred, Skin Color, And Judging Are All Parts Of Racism947 Words   |  4 Pagesis that there have been a lot of immigrants coming into this country. They are coming into this country and taking numerous jobs. The problem that America has they don t like the fact that people who were not born in this country taking their jobs. First of all, the reason immigrants are taking those jobs is because Americans don t like hard labor. Immigrants are willing to take these jobs and be happy of what they can afford. Another reason why this country has hatred towards other race, becauseRead MoreGender Inequality For Women Working1209 Words   |  5 Pagesand same tasks, in some jobs women do a better job at what they do than men, but they don t notice that. Even tho women are being hired 51% of the women hired to work in the US labor force is mainly given the position at a healthcare department or something very basic. Are men afraid of women taking their jobs? Of society thinking less of them because a women can make more money than them? This doesn t just affect the normal people, it affects everyone even movie stars and singers. SectionRead MoreMad Max : Fury Road980 Words   |  4 PagesReflecting on my childhood, my sister would say a shark was under my bed and I was so scared of sharks. Doing this, she was able to keep it as a threat and use it to get what she wanted. If she wanted a drink, she would make me go get it. If I didn t, she would say she would tell the shark what I did. This is also like in Mad Max and the Pedestrian. The Immortan Joe, Aunty Entity, the Cop Car, and Emptiness are use paranoia to keep themselves in control. First, In the movie Mad Max: Fury Road,Read MorePolice Brutality And The Police851 Words   |  4 Pagesmind, in October 2015 alone, there was 81 deaths by the police. With that being said, who’s to protect us from whose protecting the block? I don t care who you are, you have to be able to realize nowadays that the police brutality is getting out of hand, that the power surge is growing and growing. Look around, there s an increase of civilians death via cops, an increase of reports of police wrongdoing, and an increase of more officers standing trial for a case relating to police brutality. Read MoreCommunity Policing At The Cops795 Words   |  4 Pagescommunity policing in their mission statement community partnership(arguably the most important part) is the least used in many departments(Maguire, Katz, 2002). Many departments inflate their involvement in community policing especially since the COPS(community oriented policing services) give federal grants to departments who use this. Actually billions have been spent on community policing and millions on researching it but no definitive evidence of its success on crime has been made by the earlyRead MoreResponse Paper : The Milwaukee Police Department 911 Words   |  4 PagesChukwudalu Ejimbe CRJ 204 1400 Spring 2016 RESPONSE PAPER # 2 1. In Part One of Cops see it differently, Chief Flynn from the Milwaukee PD says that â€Å"at the level of cop working in neighborhood, race is irrelevant. It’s just people.† He argues that police in his city are not biased against Black residents, but rather that the majority of crimes happen in neighborhoods that are overwhelmingly African American. What evidence is presented

Appreciation of Microsoft Office 2007 Free Essays

APPRECIATION OF THE MICROSOFT OFFICE 2007 Introduction In the early productions of the Microsoft Office applications, users utilized a scheme of toolbars, menus, and task panes to get their work completed. The prior Microsoft Office applications worked fine when the applications had a small amount of commands. Now that the programs have been so much more revolutionized, the older features do not work as well. We will write a custom essay sample on Appreciation of Microsoft Office 2007 or any similar topic only for you Order Now Microsoft Office wanted to create a more orderly computer unit that limits disruption. The reason for that was so that Microsoft Office users would commit more time focused on their work. Microsoft knowing that they wanted to make this possible developed a domino effect approach that would make it much easier to generate great results using the Microsoft office applications and that gave rise to Microsoft Office 2007. Microsoft Office 2007 Microsoft Office 2007is one of the sets of desktop applications and servers as an office suite, and is a new system recently launched by Microsoft Company. The office 20007 contains a number of new features, the most notable of which is the entirely new graphic new interface called the fluent user interface. It went in place of the menus as well as toolbars that have been the cornerstone of office since its inception with a tabbed toolbar, known as the ribbon. As a matter of fact, Microsoft Office has made enormous improvements to enhance its features. One of the new main features is the ribbon, this feature consists commands organized into a set of tabs. These tabs make things easier when it comes to using the application features because they categorize the commands in a way that communicates straight to the daily tasks people perform in these applications. Another main new feature is the Microsoft office button. This button is new and efficient because on the older versions of Microsoft you had to find the tab that said file and search for what commands you wanted. With this new Microsoft button at the click of a button everything you want to accomplish is right there for you, no searching necessary. Two other new features is the gallery and Contextual tabs. The gallery consists of spreadsheets, presentations, documents, or Access databases. In an attempt to appreciate the introduction of Microsoft Office 2007 to me as a user, comparisons will be used between Office 2007 and other Offices before it- Microsoft Office 2003, 2000, 1997 e. . c. most suites or programs of Microsoft Office 2007 allow users to evaluate the product. The trial version of 2007 Microsoft Office system can be installed by using a 25-character trial product key available from Microsoft while you download the free office software and you can use the Microsoft office 2007 programs with full functionality for 60 days. The c omparisons will be made in respective of their set of applications such as the Microsoft Word, Microsoft Excel, Microsoft Outlook, Microsoft project, Microsoft Power Point, and Microsoft Access. Microsoft Office 2007 vs. Microsoft Office 2003 Firstly, the Office 2007 and Office 2003 will be compared on the basis of Microsoft Office Word. When comparing Microsoft Office Word 2003 and 2007, there are barely many differences between these two applications. The traditional Microsoft Office Word 2003 has a very basic look which is similar to Microsoft Office Word 2000, which a little bit of color changes. There are some major improvements in the Microsoft Office Word 2007 in terms of how the interface’s appears. Word 2007 is now having more colorful interface, and it reorganizes all the little applications. This takes a while for users to get use to it. Another major change is that Microsoft Office Word 2007 now supports a new document format known as DOCX. However, users can still save in DOC. Format, which will allow the old software to open the documents. Other good features such as live preview, which users can preview the section of the document when picking up a new font for the documents. Other little new features are ribbon, quick access tool bar, title bar, application close button, maximize/ restore button, minimize button. It seems Microsoft Word’s improvements are apparently endless. For example, from the toolbars located at the top of the Microsoft Office Word window to the professional business templates for documents such as, resumes, and memos. Ms Office PowerPoint 2007 and Ms Office PowerPoint 2003 Microsoft Office Power point 2003 and Microsoft Office Power point 2007 do not have any major difference. The difference is mostly in templates. Users can relatively have more choices of templates in PowerPoint 2007 than PowerPoint 2003, and it also has more effects for the templates. In Office PowerPoint 2007, tabs are designed to be task-oriented, and groups within each tab break a task into subtasks. Command buttons in each group carry out a command or display a menu of commands. In 2007, Users can also temporarily hide the Ribbon. However, the Microsoft button function is the same as the Microsoft Office word 2007, so as the mini tool bar will appear when working the slides. Tabs will only appears when the users need it them. Also the users can put commands and customize the toolbars. Despite more shapes and more research tool has been implemented into the new 2007, users can also design elements with galleries. Microsoft Office Excel 2007 and Microsoft Office Excel 2003 Microsoft Office Excel is a powerful and widely used tool that helps people analyze information to make more informed decisions. Using Microsoft Office Excel 2007 and Excel services, one can have an opportunity to share and manage oneself analysis and insight with co-workers, and partners with grater confidence. Similar to Microsoft Office Word and Microsoft Office Power point, Microsoft Office Excel 2003 and 2007 have very similar functions. In Microsoft Office Excel 2003, Enhancements have been made to the list functionality, which make lists easier to use. It also added automatic filter and border. When users want to create a list, they just simply highlight the data, and then select Data ; List ; Create List. When users click into the list, they will see the new List toolbar, which will help the users to work with the list. Users can toggle the total row on/off, and use the dropdown menu of functions to choose from in the total row, such as Average, Count, Sum, etc. | | | | Whilst Microsoft office Excel 2007 also has a different ribbon compare to Excel 2003. There are seven tabs across the top which represent all the core tasks you do in Excel. All the related items have been group together under each tab for convenience of the users. Number three is the command button. It is a box to enter information or a menu. Conclusion Office 2007 may not be right for you, but there is no arguing the fact that it is a huge improvement over previous versions of Microsoft office. This may not hold true for the user interface, but that is simply a matter of preference. I, for one, could not be more satisfied with any of Microsoft’s products. The changes to the user interface are exactly what I wanted to see. I have always been annoyed with the old menu system and having to navigate through it all only to encounter an enormous dialog box that you have to wade through. The new system is so much more smooth and flowing, and it exposes everything so that there is no navigation or searching required. It is all right there at the click of your mouse. So, the opinion is, Office 2007 is good for users who can put forth enough effort to get used to the user interface, but bad for those who prefer the traditional menus. I would encourage you to at least give it a try on computers that have it before deciding to buy it or not. If this isn’t possible, you can download a 30-day trial version from Microsoft’s website. Chances are that if Office 2007 isn’t for you, you already know it. The only catch is, if you want to take advantage of all the new features, the ribbon comes with it. No matter what you choose, I hope that you can benefit from and enjoy your choice as much as I enjoy Office 2007. References: Bonfield, B. and Quinn, L. S. Microsoft Office vs. Open Office. Accessed from; http://www. idealware. org/ [Date accessed: 04. 04. 10]. How to cite Appreciation of Microsoft Office 2007, Papers

Sustainable Procurement - National Bank of Australia Limited

Question: Describe the Report for Sustainable Procurement for National Bank of Australia Limited. Answer: Introduction The National Bank of Australia is among the top most banks in Australia. The Bank was established 150 years ago and since then the bank has been serving a large number of customers across the country. Today, the Bank has over 35000 employees, 10 million customers and over 800 branches across Australia. Also known as the National Australia Bank, it is the biggest business bank that has been supporting SMEs and corporates to start, function well and grow considerably. It has funded a large number of infrastructural projects over time. Some of these include, schools, roads and hospitals etc. The administration of the NAB believes in innovating the services it has been offering consistently with the provision of the best in class services to customers (NAB Official Website, 2016). With headquarters in Australia and a strong leadership team, the NAB has grown considerably in the past few decades. The bank has a well defined corporate responsibility policy and a strong Human Resource Management. The primary goals and objectives of the bank include the provision of better services for individuals, businesses, the economy and the community as a whole. The values of the bank include motivating its employees, provide excellent services and products to customers, formation of a will to win, ensuring the right thing is done and showing respect for the customers. The Bank is very passionate for the Values that it has set in for the people (NAB Official Website, 2016). The Vision of the Bank includes transforming customers into advocates of the Bank, increasing engagement of the people and getting an attractive return on equity. The Strategy of the bank includes increasing the amount of Australian Banking operational expenses and hiring the ideal number of employees to serve the varied segments. In addition to this, the strategy also highlights the hiring of best bankers to serve priority segment customers, raising the amount of marketing spend, laying target on priority segments and putting the focus again on big projects and initiatives. Furthermore, a line of broad strategies have also been laid by the bank through making it simpler for customers to get services or products from the bank, increasing the depth of bank and customer relationships, providing innovative solutions, driving the performance, ensuring the execution is done well and the transformation of the processes in such a manner that they are faster and more reliable (National Austr alia Bank, 2015). The internal environment of the company is healthy. The bank has taken up a number of initiatives to promote the wellbeing of employees. Some of the primary strategies adopted by the bank include development of employees, training, increasing diversity, planning and development of successors and proposing of graduate programs for the talents students. Along with this, the bank has also been promoting ethical code of conduct and ensuring mental health and well being of one and all. The board of directors of the company also showcases diversity and healthy lifestyle (National Australia Bank, 2015). With regards to the external environment of the Bank, digital transformations are a challenge in which the company operates. Along with this, the bank has been facing fierce competition from other private and public banks. It is noted that regulatory change and maintenance of funding index has been an issue for the company for quite some time now. Furthermore, it is extremely crucial to manage the non core businesses of the bank that have been giving a considerable amount of support to the organization. Lastly, there is a dire need for transformation of technology and integration of some of the recent technological advancements in order to get the best out of the market (National Australia Bank, 2014). Stakeholder Identification According to the Annual Report of the National Australia Bank, the bank offers the dividends to its shareholders in a number of ways. The distribution of dividends has been done religiously and consistently, giving a stronger image to the bank as a whole. Some notable names have been identified in the list of the stakeholders at the NAB. The stakeholders of the bank have a considerable amount of say in the overall functioning and have an impact on the strategic direction of the bank as well. The Bank has both Internal and External stakeholders. For the external stakeholders, the information about the company is made available in the website and the annual review, however, the internal stakeholders are informed through the intranet of the bank. With regards to the identification of the stakeholders, the bank clearly mentions them as individuals, group of people and companies who are affected by the activities of the banks products or services. A strong communication channel is maintained between all internal and external stakeholders of the company and consistent reports on the Corporate Responsibility are also shared. Apart from this, the bank also holds an Annual Stakeholder Engagement Program to invite issues and discussions related to the business of the company (National Australia Bank Limited, 2015). Some of the key stakeholders of the company include, customers, employees and contractors of the bank, investors (who have a share in the company, funding managers and superannuation funds), analysts, governmental regulatory bodies, associations, industry associations, suppliers, NGOs and community partners of the bank and the media in general (NAB Official Website, 2016). Risk and Opportunities Risk Management Fundamental Steps Source: MITRE NAB is committed to maintaining an ongoing focus on risks and managing them actively. With the help of Risk Committee the NAB Board oversees the risk management framework. The Risk Committee is made up of non- executive board of directors who are independent. The Board of Directors at NAB are accountable for systematic functioning of the Organisation and manage risks. These risks are managed with the help of a pattern calledThree Lines of Defence. They are: Line Management, Risk and Internal Audit. The Line management handles the risk that comes from within the business (Internal Risks), In the second model, the management is accountable for ensuring that risks and the environment are appropriately handled, make policies and develop tools to manage the risks, they monitor and challenge the team to perform keeping in mind the risks involved and minimise them. The team also informs the team on minimum standard expected and provide in-depth understanding. The function of the internal audit is to monitor the first and second line risks and a periodic review of the same. They also evaluate the general efficacy, manage the risks and the environment as well as encourage self- assessment. Below are a list of nine risk categories which can potentially harm the companys image. These risks are connected to each other therefore the management evaluates them collectively from time to time in order to deliver optimal customer satisfaction. Credit Risk: Credit risks are those where a party or customer fails to meet the standards of NAB based on their accepted terms and conditions. Operational Risks: These risks occur when the functions of the organisation are inadequate. Theses risks may also occur as a result of external aspects and people. Compliance Risk: When there is a failure to comply with company laws, regulations, licensing conditions, code of conducts in the industry which are self regulatory, internal policies various processes and framework. Balance Sheet and Liquidity Risk: This involves risks related to the book activities in NAB. It includes various other external aspects such as foreign exchange, interest rates, foreign equity, providing funds and liquid assets. Traded Market Risk: These risks are caused by uncertainties in the market trends, foreign exchange, interest rates and credit spreads which finally has a harmful effect on NABs book trading activities. Life Insurance Risk: When the bank has to pay a higher amount to its customers ,from that which is collected as premiums as well as the income earned from investments this becomes a big reason to worry and can cause considerable damage to NAB. Regulatory Risk: This happens when the legal changes are not accurately monitored. This affects NABs relationship with the regulators. As a result they fail to help the Regulatory board in developing upcoming legislative activities and make the necessary changes. Defined benefit pension risk: This happens when there is a deficit in the pension schemes that are given as benefits. This deficit happens when the assets of the pension are lower than the existing pension requirements. Strategic Risks: These are positioning strategies that the organisation makes depending on the expectation in future environmental changes. Then there are executory risks where the company fails to execute the strategies planned. The following table showcases the degree of risks and a detailed classification of the risks on certain grounds: Risk Consequences Likelihood (Low/ Medium/ High) Magnitude (Low/ Medium / High) Recommendation to reduce/ mitigate Strategic Risks Monetary losses Low Medium Constant monitoring of environmental changes Traded Market Risks Fall in interest rates High High Evaluating Market trends constantly Operational Risks Impact Companys image and Revenue Medium Low Constant communication and expectations of the Management Regulatory risk can be analysed and discussed at length in order to understand how this can impact the company and its reputation. Regulatory Risks are risks that are connected to the laws made by the government or any Regulatory body. These changes can be in the form of increasing the costs for a firm in order to continue to operate, policies that can decrease the attractiveness of the offers of the bank. The regulatory body can decide on the interest rate that banks must charge their customers or limit the margin that investment accounts can possess. There may be regulations in the manner in which the banks can operate, these regulations have major consequences to the business. Their revenue gets affected, the banks can lose their customers as a result of change in policies that decrease the attractiveness of the packages. Then there are risks involved in ignoring regulatory changes.Ignorance can not be accepted as an excuse to fail to meet regulatory rules. If the company does not stand to meet the new policy changes by the Regulatory body it can damage their name publicly because the government may take legal proceedings against the bank. This is a serious risk, therefore it is important that the Bank makes sure that they comply with government policies and updated laws at all given time to avoid making such blunders. (NAB official website) Control Strategy and Action Plan Operational risks are those where the roles are not well defined. When a company does not have their regulations in place for an appropriate functioning or a well defined list of who your potential customers for credit loans must be, then the bank suffers a great deal. Let us look at a few control strategies in order to mitigate the risks and its influence on the bank. Governance: The Board of directors define main objectives of the bank and monitors its effectiveness, by evaluating if these objectives are in place. They also oversee its progress in achieving these objectives, periodically. A complete operational risk culture is discussed in the bank which enables them to follow a roadmap to implementing these risk management strategies. When the risk strategy is successfully executed it results in the bank employees to be consciously incorporate risk awareness in every aspect of the operations in the bank. Strategy, Structure and Execution is set by good governance. Strategy: The operational risk strategy formulated by the bank helps the proper workings of the bank in other management divisions and gives a clear direction about the policies, procedures for a regular risk management process. Appetite and Policy: The real sign of an ideal policy structure is to make sure that the behaviour of the bank is in correspondence with risk appetite. Having a strategy ensures well informed business practices and banks investments. Clear Definition and Communication Policy: It is important for the top management to have a strategy in hand. Identifying risks, developing policies, assessing, deciding and implementing must be done at every levels. Furthermore the management must see to it that these decisions, assessments and policies with regard to operational risks are communicated to the rest of the employees. Periodic Evaluations based on Internal/ External changes:Regular assessment and evaluation will improve risk performance on a superior level. A thorough review of the policies must be done based on internal operations and external factors must be done to ensure that the bank is being taken in the right direction. Structure: A complete risk scenario must be present while making the structure for operational risk management.Providing a hierarchical structure that holds the ongoing risk processes, different forms of measurement models to evaluate the regulatory and economic assets, developing risk assessment theories, risk information collected through individual assessment throughout the organisation etc; are all ways to handle risks throughout the organisation. Execution: Once the structure has been formulated, the time comes to finally implement those concepts into action plans. This will include, firstly, identifying the operational risk on a regular basis, after identifying the risks a target for tolerance level of risks must be established. Finally the risk factors are mitigated and a procedure to internally control operation is established in a way that the risk tolerance is reduced to an accepted level. Following which regular monitoring and evaluation must be done and then to check how effective the risk management strategy has been (MetricStream, n.d.). Monitoring, Review Plan Elements of Monitoring and Review Let us look at what some of the elements are: Reporting to others: There must be a clear hierarchy of activities in the monitoring and reviewing process. Once the information on a certain risks, say, operational risk is gathered, then these aspects need to be included in the governance in order to create openness and accountability. Involve stakeholders: It is important to engage stakeholders in every decision making activities, making them a part of the monitoring and reviewing process in order to achieve success. The benefits of the monitoring procedures on operational risks or any other risk must be clearly communicated to the stakeholders. This will enable them to provide complete support and a chance to willingly participate. When stakeholders are informed and allowed access to such strategies, it adds credibility to the policies. Monitor Progress: Constant monitoring allows the bank to access appropriate information which enable the management to check the progress as well as review and make adjustments to the implementation as required. It is crucial to track the implementation process regularly therefore the implementation plans must define the kind of data that would be required and the procedure to be used. Taking advice from experts during the data collection process will add credibility to the methodology. Review Regularly: Reviewing is a critical aspect of the mentoring process. It helps to evaluate the manner of implementation with regard to important issues. Reviewing is necessary in operational risk managements, checking governance effectiveness and also policy outcomes. Once the review is done, the findings can be used to improve the situations through better implementation. Evaluate the end result: In order to determine the success of all the strategies and planning that has gone into risk management strategies and plans it is important to assess the end result. The proof of effectiveness of the implementation would be visible in the end results. In order to know if the structure developed is working for the bank or not or if they are being implemented or not, A regular monitoring is vital. In addition periodic reviews help the organisation to march towards the right direction. Appropriate monitoring and reviewing warns the organisation about the upcoming issues, encourage better performance induce accountability. Let us examine the strategies for Monitoring. Strategies to achieve Success Evaluation Questions: Monitoring should make us ask some very significant questions such as, Are we doing the right thing?, Is it being done in the right manner? and finally, Are there better ways of doing it. These questions will evaluate the effectiveness of policies in respect to its impact on the world and its outcome on the target beneficiary. They also evaluate on the processes through which the outcomes are being achieved. Finally, they cause the organisation to examine healthy practices,sustainability and other alternative options to achieving the expected outcomes. Understanding the goals: In the planning process, the goals and the results of implementing the policies related to the risks must be clearly discussed and arrived at a consensus. In order to be successful in the implementation process it is important to understand how successful outcomes look like. Inviting Experts: Monitoring and Reviewing must be considered critical to implementation. Roles must be clearly allocated to the chief participants who will hold accountability and work in collaboration. In the planning processes it is important to decide the people who will be involved in the reviewing process and who will handle the information collected. Evaluation activities must be taken into consideration while governance arrangements are being made. As mentioned above the participation of every stakeholder will make the process credible. Apply the Results: Post review, these findings must be used in the best manner possible. Depending on how the recommendations are being used and in which context, the results must be specific to target audience. The application of the findings must be correspondent to the initial goal of the Organisation. This process will help to recognise if any initiative must be discontinued or if corrections are required. Review and Monitoring helps to improve the policy decisions in future, recognise areas that require more focus and how certain measures are sustainable for the external as well in internal environment. They help to understand in which direction an initiative is moving forward and reasons for celebrating milestones (Australian Government, 2013). Enterprise Risk Management Plan Banks are exposed to several risks such as the growing competition from other credit units and unwarranted changes in interest rates.Banks are subject to Regulatory law changes and technological advancements. Keeping these factors in mind we will propose a Risk management plan that will help the Bank in its operations with regards to these risks. Internal Control and Risk Management: Proper risk management policies and internal control is key to any successful Banking system which is safeguarded. An effective plan will help the bank to internally control and safeguard the Banks resources, create dependable financial reports and ensure compliance with laws. This will help to avoid errors as well as enable timely detection of errors if they do surface. General Control Environment: The general control environment sets the mood in the Bank and causes the people to be conscious about control. It is the root of all internal control aspects which provides regularity and a proper structure. An Effective General control environment is set by responsible Management team and Board of Directors through their integrity, efficiency and their participation in the business aspects of the Bank. In order to have a good risk management programme, a healthy and stable general control environment is necessary. If it is ineffective then the financial aspects and approvals of the bank suffers. The level of control consciousness of the senior management also decides the functioning of certain control activities. Specific Internal Control Environment: On establishment of a stable General Control Environment, Specific Control Environment must be developed in order to handle the occurrence and the potential damage from losses. Specific Control can be divided into two broad categories; Preventive and Detective. Preventive measures are assurance of valid transactions being processed and various other forms of controls such as: Authorised transaction limits, transactions being approved by supervisors, duties being divided and rotated, reviewing and testing scheduled and unscheduled transactions, protection of information through the computer by protecting it with passwords. Detective Controls on the other hand assures that errors are detected and is solved. Some of the measures include: General ledger and subsidiaries are reconciled, checks and deposit forms accounted for, file maintenance review and transaction outcomes and day-to-day comparison of financial outcomes etc (Abound Resources, 2011) Recommendations and Conclusion Banking strategies and risk management has become a vital topic worldwide since 2008 and is not peculiar to banks or financial professors alone. Most of the risk management reports by major international institutions such as OECD, European Union and the Basel Committee, all focus on just one thing, that they will never allow such a situation again with regard to risk management. However, the matter of importance is not to avoid risks but to understand the level of tolerance of risk. No business can avoid risks but they can definitely minimise those risks and also minimise its impact on the bank. Organisations typically face risks at three different levels: Internal Risks: These are risks that can be fully prevented and are under the control of the bank. The bank must chalk out the right level of evaluation and implementation of their goals in order to maintain harmony within the organisation. External risks: There is less that the bank can do with regard to external factors causing risks to the bank such as a change in the financial markets, value of currency dropping which can affect the credit system in the bank etc. Strategy Risks: There are some risks that the bank voluntarily takes such as credit risks. Even though there are chances of a huge loss the possibilities of high returns are exceptional. However risks in this category can be avoided to some extent by conducting a thorough research on the persons credit ratings, his job, bank statements and an evaluation of his financial condition as well as the company he is working for. Knowing these details can give the bank an idea on the customers future ability to make payments to the bank. Finally, it is important that NAB focuses more on their internal risks and strategies in order to manage risks since these are two areas they have a control over. There is little or no room for control over the external factors, however NAB can plan their way forward based on a thorough evaluation of market trends, international financial market trends and global economic condition. Such an assessment will ensure smooth operation of the Bank. References Abound Resources. 2011. Sample Financial Institution Risk Management Policy. [Available https://cdn2.hubspot.net/hub/166442/file-18460940-pdf/docs/sample_credit_union_-_risk_management_policy_program.pdf%3Ft%3D1422311019000] [Accessed 14 October, 2016] Australian Government. 2013. Cabinet Implementation Toolkit. 5. Monitoring, Review and Evaluation. [Available https://www.dpmc.gov.au/sites/default/files/files/pmc/implementation-toolkit-5-monitoring.pdf] [Accessed 14 October, 2016] INSEAD. Banking Strategies and Risk Management. [Available https://www.insead.edu/executive-education/interviews/banking/banking-strategies-risk-management] [Accessed 14 October, 2016] Kaplan. R. S and Mikes. A. 2012. Managing Risks: A New Framework. [Available https://hbr.org/2012/06/managing-risks-a-new-framework] [ Accessed 14 October, 2016] MetricStream. n.d. Operational Risk Management (ORM) Framework in Banks and Financial Institutions. [Available https://www.metricstream.com/solution_briefs/ORM.htm] [Accessed 13 October, 2016] MITRE. Risk Mitigation Planning, Implementation and Progress Monitoring. [Available https://www.mitre.org/publications/systems-engineering-guide/acquisition-systems-engineering/risk-management/risk-mitigation-planning-implementation-and-progress-monitoring] [Accessed 14 October, 2016] Accessed 14 October, 2016] NAB Official Website. 2016. Our Values. Retrieved from: https://www.nab.com.au/about-us/corporate-responsibility/responsibility-management-of-our-business/high-performing-diverse-and-inclusive-workforce/our-values NAB Official Website. 2016. About Us. Retrieved from: https://www.nab.com.au/about-us NAB Official Website. 2016. Stakeholder Engagement. Retrieved from: https://www.nab.com.au/about-us/corporate-responsibility/responsibility-management-of-our-business/stakeholder-engagement National Australia Bank. 2015. Annual Review 2015. Retrieved from: https://www.nab.com.au/content/dam/nabrwd/About-Us/shareholder%20centre/documents/annual-review-interactive.pdf National Australia Bank. 2014. Annual Review 2014: Examples Database Retrieved from: https://examples.integratedreporting.org/fragment/310 National Australia Bank Limited. 2015. Group Corporate Responsibility Policy: Group Risk Return Management Committee. Retrieved from: https://www.nab.com.au/content/dam/nabrwd/About-Us/nab-group-corporate-responsibility-policy.pdf