The management of financial risks in the telecom industry Essay

The management of financial risks in the telecom industry - Essay Example To study the financial risks of telecom industries, we will also introduce information regarding telecom sectors from countries such as India, China, and Philippines and so on to give an enhanced overview of existing practices. In this dissertation proposal, we will adequately sum up the reasons for this research, why it is significant, what methodology needs to be adopted, how information will be obtained and so on. As mentioned in the abstract, the purpose of this dissertation proposal is to study financial risk management in the existing telecom industry. Today, telecommunication is widespread and devices such as telephones, radios, internet, instant messaging and so on facilitate the process of communication. By definition, financial risk management means the process of identifying, evaluating and reducing financial risks. The telecommunication industry suffers from a number of problems such as market saturation2, financial recession, growing consumer prospects and so on. ... Moreover, certain external factors such as natural disasters and terrorist attacks, cross-border transactions, development of new markets and so on have added to the existing risks in the telecommunication industry paving the way for greater financial risk management. To gain a better perspective of financial risk management, let us consider some theories. Financial risk management3 becomes essential when an organisation desires an increase in its shareholders value by taking on a viable project. However, organisations alone, cannot hedge a risk correctly when the cost of the services or product is similar in the existing market and the market where the organisation desires expansion. For this purpose, these organisations require outside help in terms of financial risk management. Derivatives4 are commonly used in financial risk management as tools through which specific risks can be gauged effectively and accurately. Some of these derivativesi include swaps or forward contracts that tend to be costly; while others include trade on future exchanges that tend to be cost efficient but leave certain risks. Proposed methods As stated earlier, the purpose of this dissertation proposal is to study financial risk management in the existing telecom industry. In order to complete an efficient study of the project, the research will comprise of the following stages; a detailed literary search, anthology of a bibliography, drafting the literary review, designing the research instrument, revising, planning and organising the research, making a glossary of the bibliography, scheduling, conducting a research, collating and analysing the data generated by different agencies on a regular basis, writing the results and analysis, writing the full draft,

Battle of Gallipoli and its effects to World War I Research Paper

Battle of Gallipoli and its effects to World War I - Research Paper Example A breakdown of  the  Gallipoli  Peninsula that was carried out, identified five land systems, based on aspects  of  geology, geomorphology, hydrogeology and vegetation were identified in studying this battle and these have prompted many questions concerning the reasons why the allies were defeated. The landings  that were made in April 1915 were created at Cape Helles and Anzac Cove, and the objective of these landings was to seizure the upper ground held by the Ottoman Empire. The land system investigation that were conducted by historical scholars have come to show that these landing areas were deprived by landscape, with steep, intensely carved slopes, thin beaches and insufficient water deliveries. A afterwards landing at Suvla Bay in August 1915 consumed additional terrain benefits, with wide landing beaches and the water supply was readily available, but the strategic advantages  of  a lightly held terrain were not exploited (Doyle and Bennett, 1999). In general , the  Gallipoli  Campaign was a failure mainly because  of  insufficient preparation and leadership by the allied forces that were involved in it. In addition, the poor communications, the efficiency  of  the Turkish armies in the siting  of  defensive positions according to terrain and the lack  of  detailed information with regard to terrain and geology available to the allied troops involved in the war ensured their abysmal failure in this battle. Despite the fact that it was a tactical failure, the landing made by the allies on Gallipoli can be considered to be one of the most significant amphibious operations in the twentieth century. Enormous in extent that lasted for over ten months, this operation was ambitious in concept and was characterized by fierce fighting from the shoreline into the peninsula's steep, broken ridgelines. The  Gallipoli  invasion provided plenty of  experience on amphibious operations and it not only influenced how this type o f warfare was conducted during the First World War, but it also worked towards the shaping of  the amphibious warfare doctrine and practices in the world war that followed (Lee, 2002). The most powerful naval forces during the First World War, namely the United States, Imperial Japan, and Great Britain, all came to use the lessons  learned from this battle  to produce the primary concepts for their future amphibious maneuvers. This operation came to exhibit the magnitude of the strategic prospective  of  a naval-ground assaulting force. The idea for this operation was conceived by the British admiralty and it became one of the cornerstones for the Dardanelles campaign. It was an effort by the allies to capture Istanbul, in order to force Turkey out  of  the Triple Alliance, so that a route could be opened to send reinforcements to czarist Russia (Millett, 2000). After this battle, the failures that resulted from it came to be considered to be a black mark on the record s  of  both the future British prime minister, Winston Churchill, and the British armed organization. This resulted in accusations of  imperial mismanagement, incompetent leadership, and political maneuvering that have come to cloud the historiography on this subject since the end  of  the First World War. Because of the huge controversy surrounding this battle, a number  of  myths have come to be developed concerning it, and there were assertions that it