Whois & Analysis for riskandinsurance.com

Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.

Risk management’s objective is to assure uncertainty does not deflect the endeavor from the business goals.

Structural functionalism, or simply functionalism, is a framework for building theory that sees society as a complex system whose parts work together to promote solidarity and stability.

This approach looks at society through a macro-level orientation, which is a broad focus on the social structures that shape society as a whole, and believes that society has evolved like organisms.

This approach looks at both social structure and social functions.

Functionalism addresses society as a whole in terms of the function of its constituent elements; namely norms, customs, traditions, and institutions.

A common analogy, popularized by Herbert Spencer, presents these parts of society as "organs" that work toward the proper functioning of the "body" as a whole.

In the most basic terms, it simply emphasizes "the effort to impute, as rigorously as possible, to each feature, custom, or practice, its effect on the functioning of a supposedly stable, cohesive system".

For Talcott Parsons, "structural-functionalism" came to describe a particular stage in the methodological development of social science, rather than a specific school of thought.

Essentialism is the view that for any specific entity there is a set of attributes which are necessary to its identity and function.

In Western thought the concept is found in the work of Plato and Aristotle.

Platonic idealism is the earliest known theory of how all things and concepts have an essential reality behind them (an "Idea" or "Form"), an essence that makes those things and concepts what they are.

Aristotle's Categories proposes that all objects are the objects they are by virtue of their substance, that the substance makes the object what it is.

The essential qualities of an object, so George Lakoff summarizes Aristotle's highly influential view, are "those properties that make the thing what it is, and without which it would be not that kind of thing".

This view is contrasted with non-essentialism, which states that, for any given kind of entity, there are no specific traits which entities of that kind must possess.

Advertising is an audio or visual form of marketing communication that employs an openly sponsored, nonpersonal message to promote or sell a product, service or idea.

Sponsors of advertising are often businesses who wish to promote their products or services.

Advertising is differentiated from public relations in that an advertiser usually pays for and has control over the message.

It is differentiated from personal selling in that the message is nonpersonal, i.e., not directed to a particular individual.

Insurance is a means of protection from financial loss.

It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.