Risk Analysis Development Of Risk Analytics - 1873 Words

Development of Risk Analytics in the future 14 Thursday, Apr 2016, posted by Danni Guo (Team N) Risk analysis has played an increasingly important role in both academic and business worlds. In the previous three blogs, we have discussed the definition and significance of risk analysis, the organizations and users who benefit from risk analysis, and the cutting edge technologies and limitations of risk management. In this blog, we ll look forward to the future of risk analysis to explore both its advanced application and upcoming challenges. THE DEVELOPMENT PHASES OF RISK ANALYTICS †¢ Risk Identification and Evaluation Phase (1995 – 2000)[1] The field of risk analytics originated from around 1995. And in this first phase, the goal of risk analytics was to identify and evaluate the risk. It focused on three problems. What risks have happened? When did they happen? What was the negative effect of them? Due to lack of advanced and complex techniques, people just can identify the risk after it happens and make risk analysis according to the negative results using simple data visualization and data mining knowledge. The risk analysis in this phase has three main parts: 1. Risk identification: Identify the risk which has happened and definite it 2. Loss Analysis: Analyze the loss of the victims due to this risk 3. Risk Alerts: Alert people to avoid the risk †¢ Risk Causal Analysis and Modeling Phase (2001- 2010) [1] With the development of computer science and data miningShow MoreRelatedThe Three Levels Of Analytics, Descriptive, Predictive, And Prescriptive1707 Words   |  7 Pageslevels of Analytics (Descriptive, Predictive, and Prescriptive). Give a brief example of how they might be used to solve business decisions. 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A research into the main causes of poverty and its reduction among educatedRead MorePlanning, Scheduling, Budgeting, and Risk Management for Desire2Learn Learning Management System1154 Words   |  5 PagesPlanning, Scheduling, Budgeting and Risk Management for the Desire2Learn (D2L) Learning Management System Overview Translating the many project requirements, risks and costs into a single cohesive platform to manage the implementation of the Desire2Learn (D2L) learning management system is the intent of this analysis. One of the most critical success factors of any project plan is the balancing of risk, costs and time constraints to ensure the overarching project is completed on or before scheduleRead MoreWhat Is Data Analytics The Future Of Audit Engagements1629 Words   |  7 PagesData Analytics the future of Audit Engagements Data analytics, according to the International Auditing and Assurance Standards Board (IAASB), is defined as â€Å"the science and art of discovering and analyzing patterns, deviations and inconsistencies, and extracting other useful information in the data underlying or related to the subject matter of an audit through analysis, modelling and visualization for the purpose of planning and performing the audit† (Alawadhi et al., 2015). Under this definitionRead MoreAnalysis On The Digital Age Insurance1549 Words   |  7 PagesProfitability. The Biggest challenge the Insurance companies face begins when they begin extracting meaningful insights from this explosion of data. 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This analysis will begin with an overview of five specific areas where IT represents a risk to a companys competitive advantage, followed by an analysis of five specific areas whereRead MoreInstalling A Sophisticated Cyber Defense System1255 Words   |  6 PagesSUMMARY This paper explains the need of a sophisticated Cyber Defense system in organizations and Government agencies and how this can be achieved by using Cyber Analytics. INTRODUCTION Today’s â€Å"Cyber Domain† is growing rapidly to keep pace in an ever more competitive world. Businesses are adopting new ways of doing Business due to the increasing dependency on networked communication devices, network access points and cloud-based services. Building a sophisticated Computer Network Defense (CND)Read MorePrescriptive Analytics : Descriptive Analytics1262 Words   |  6 Pages Prescriptive Analytics Prescriptive Analytics has been hailed as the final piece of the business analytics (BA) puzzle. It starts with descriptive analytics - describing what HAS happened and why; next is predictive analytics - forecasting what MIGHT happen; Prescriptive Analytics aims to offer insight into what ACTIONS to take next, suggesting the best course of action among available choices. If your organization has yet to formulate a plan to utilize Prescriptive Analytics in your businessRead MoreThe Positive and Negative Impacts of Technologies on Enterprises1712 Words   |  7 Pagesand often unforeseen change. The intent of this analysis is to evaluate and describe five specific areas where IT represents a significant risk to a companys competitive advantage. Second, this analysis concentrates on the five specific areas in an enterprise where IT can support and strengthen enterprises core competitive advantages. Third, one of the five major risks faced by a company is evaluated in terms of how it could be mitigated to reduce risk and deliver significant value to the enterpriseRead MoreA Research Study On Analytics964 Words   |  4 Pagesis used to meet requirements for reporting and not to answer questions or to be used in strategic planning. A 2012 study of analytics in 336 higher education institutions found that, despite the large amounts of data, the use of t he data collected is greatly used for meeting report requirements (Bichsel, 2012). Analytics is defined as the measurement, collection, analysis and reporting of data about learners and their behaviors and characteristics. This information is collected for purposes of

Inequality Of Slaves And Masters - 1218 Words

Stephanie Cervantes History 202A 11/19/14 Inequality of Slaves and Masters In his Narrative of the Life of the Frederick Douglass, an American Slave, Frederick Douglass wrote that slavery proved as injurious to one of his masters as it was to him. Frederick Douglass lived a very cruel and harsh life especially since he was a slave himself, which made him experience a lot of mistreatment and sad moments that I can only imagine. The Narrative of the Life of Frederick Douglass suggests slaves were treated as less than human because of the bias reasons towards the African Americans in the 1800s which lead to slaves being mistreated and tormented physically something that the masters would not be able to understand. Douglass offers good detailed information throughout his book that turn into terrible chapters to our history. Douglass father was a white man, a white man that might have been a slave rapist since Douglas mother was a slave herself. Douglass did not meet his mother so when she died he did not feel any guilt or sadne ss towards her death. However, before she died she whispered in Douglass ear, â€Å"The whisper that my master was my father may or may not be true (3).† This is important because Douglass is not sure if his master was his father or not but what he does know is that even though his father was white he still had to be sold either way and follow his mother steps which is being a slave. Douglass states, â€Å"The master is frequently compelled to sell this class ofShow MoreRelatedGender Inequality And Idealized Beauty Standards1688 Words   |  7 Pagesto face is gender inequality and idealized beauty standards. When relating back to basic principles of gender inequality, women tend to be shown as inferior to men and specific occupations have been assigned gender roles. I agree with Naomi Wolf that gender inequality places more demands on both males and females and is a form of oppression, and her beliefs regarding ideal beauty. Wolf’s ideas surrounding gender inequali ty relate to Nietzsche s theory regarding master and slave morality and man’sRead MoreThe Development Of Virgin Lands Required Cheap Labor Essay1213 Words   |  5 Pagesdevelopment of virgin lands required cheap labor. Defenseless Africa then became the readymade reservoir†¦ to draw that labor force† (Diop 24). Black people were put through endless pains and hardships without even haven an identity in the eyes of their slave masters and the community in which they dwell. Slavery which is one of the oldest institution, colonization of Africans and neo-colonization have caused more harm to the black people not only physical but mentally as well. Slavery, Colonization, and Neo-ColonialismRead MoreThe Civil Rights Of Native Indians984 Words   |  4 PagesIndians and indentured servants die from the hard labor and low morality rate, masters of the plantation purchased more slaves from Africa to profit themselves. The â€Å"Virginia Servant and Slave Laws† rev eal the dominant efforts of masters to profit from their servants and slaves by passing laws to treat slaves as their properties and to control servants and slaves by suppressing the rebellion using brutal force. Masters and rich planters sought to earn more profit from mercantilism, or trade, economicRead MoreOrigins of Morality Essay1411 Words   |  6 Pages The moral philosophy that we know and recognize today in the Western world is slave morality, a morality which puts forward ideals of fairness, equality, and democracy. However, many centuries ago during the medieval times, master morality was the norm; a morality that favors those superior in strength, beauty, intelligence, and status. Master morality preceded slave morality. Friedrich Nietzsche was a philologist, who used his knowledge of words to trace the origins of morality from their ancientRead MoreAristotle, Joseph Schumpeter, Milton Friedman, And John Rawls1230 Words   |  5 Pagesfree and not natural slaves. Therefore, one can notice that because of Aristotle’s distinction between who is and who is not a true citizen entails political inequality. He writes of the union between subject and master as follows and distinguishes between two groups by stating that â€Å"for that which can foresee by the exercise of mind is by nature intended to be lord or master, and that which can with its body give effect to such foresight is a subject, and by nature a slave† (Aristotle 4). ThoseRead MoreRacial Segregation And Racial Discrimination1645 Words   |  7 Pageshistorical revolution. African American are not the only racial minority who has been treated inequality or racial oppression, Chinese American and Native American but African Ame rican illustrates a direct view of racial inequality throughout history which is the reasons why this paper focuses on African American racial inequality. During the 1700s, African who was shipped to American were slaves. Slaves were served to white American to work on rice and sugar plantation. African were primarilyRead MoreCriminal Justice System And The United States1183 Words   |  5 Pagessanctioned by the criminal justice system has resulted in new, illegitimate, and ostensibly unconstitutional forms of debtor’s prisons that permeate contemporary U.S. society. Jeopardizing the liberty of vulnerable populations, based upon material inequality and extraction of necessary resources, only does one thing within a society: continue the cycle of poverty and increase the poor’s dependence upon the rich for their liberty, equality and most importantly, survival. Within the ideal society forRead MoreFreedom Of The Slave By Abraham Lincoln1492 Words   |  6 Pages In 1862, Abraham Lincoln stated, â€Å"In giving freedom to the slave, we assure freedom to the free.† This freedom would take form in the lack of guilt and blame for the mistreatment of others. But, what if the already free masters and slave owners are not burdened with guilt and do not care for or recognize the mistreatment they lavish? The freedom of slaves was a cause fought for many decades, and was finally resolved with the passing of the 13th amendment in 1865. This technicality of freedom symbolizedRead MoreDeconstruction of the Theory of White Supremacy in Uncle Toms Cabin1104 Words   |  5 Pageswhich she lived. Stowe goes on to criticize American slave owners for their irrational justifications of slavery. They use racial superiority and sub-human categorization of blacks as means of justifying slavery. She deconstructs the theory of white supremacy in her emotional and thought provoking novel. Stowe demonstrates in her depiction of the beating of the slaves how they are inhumanely treated as animals. She also uses many slave and master relationships in order to demonstrate society’s beliefRead More Racism and the Narrative of the life of Frederick Douglass, an American Slave1130 Words   |  5 PagesExamining Prevalent Attitudes on Racism and the Narrative of the life of Frederick Douglass, an American Slave When we look at the issue of racism from a politically correct, nineties perspective, evidence of the oppression of black people may be obscured by the ways in which our society deals with the inequalities that still exist. There are no apparent laws that prohibit or limit opportunities for blacks in our society today, yet there is a sense that all things are not fair and equal. How

The Attack on Pearl Harbor Free Essays

To better understand the attack on Pearl Harbor we must first go to the origin of the problem. Japan had little resources and they depended on trade, trade was the only thing keeping them going as a nation. According to Conroy, author of Pearl Harbor reexamined: Prologue to the Pacific War, â€Å"The fundamental causes of the pacific war go back to the turn of the century. We will write a custom essay sample on The Attack on Pearl Harbor or any similar topic only for you Order Now International relations were then characterized by politics, aggressive nationalism, and western colonialism. These forces worked to enlarge the empires, glory, and wealth of the individual nation-state. Japan wanted to expand into Indochina so that they could salvage the oil resources from Southeast Asia and make their nation more powerful. One very important trade resource that Japan relied on was oil. Without oil Japan’s army would be useless. Japan wanted to expand because they wanted a more powerful united Asia. When the U. S. found out Japans plans to expand they wanted to take action and put an end to it, but they didn’t want to start another war. So the U. S. peacefully asked Japan to stop trying to expand themselves into Indochina. But, Japan didn’t want to because they were desperate and needed these resources to make their nation greater. The U. S. , Britain, and the Netherlands then took action and restricted Japan from being able to buy oil and other resources which would make Japans army and navy weak and meaningless. Japan was furious about this restriction and so they only saw two options one to try and get the oil restriction lifted and still allow them to take what territory they wanted or two they were going to go to war. Japan knew that if they were to go to war with the United States that they would lose so they made one last attempt with the U. S. Japans Prime Minister, General Tojo Hideki made one last attempt to negotiate a settlement without resorting to war on November 29, 1941, but the U. S. felt that Japans attempt to dominate other territories to make their nation stronger and more resourceful was cruel, so they kept the embargo on Japans oil and other resources. Now Japan started making preparations for war. Hideki knew the attack on Pearl Harbor would cripple the U. S. Pacific fleet and make it possible for Japanese to carry on with their plans of creating a stronger empire and expanding into China and other nations. Hideki and other leaders of Japan sought out the perfect plan to attack Pearl Harbor. Their Plan was to sneak attack Pearl Harbor on a beautiful morning with clear weather. Zuber expresses Japans urge to move in on Pearl Harbor he says,† Yamamoto’s Pearl Harbor attack was at cross-purposes with years of Japanese strategic planning and preparation, and was so illogical that if it succeeded in delaying the US counter-attack by six months, it would force the US to adopt the long-war strategy that spelled certain Japanese defeat. Readers will be astounded to learn that Yamamoto was so intent on sinking obsolete American battleships, estimating that this would fatally demoralize (! ) the United States, that he was willing to sacrifice a large part of his carrier force and strike aircraft to achieve that objective, indeed was willing to conduct the attack even if the Japanese were detected 24 hours out. † Canfield states† By 6 December 1941, warnings of war in the Pacific had been, percolating, and Japanese Ambassadors Kichisaburo Nomura and Saburo Kurusu were still negotiating in Washington ,†so if they were to attack now the U. S. wouldn’t detect them. On November 26, 1941 Japanese set sail for Hawaii with a fleet of 33 warships, an auxiliary craft, and 6 aircraft carriers. They took a northern route and cut off their radio so that they wouldn’t be detected by the U. S. Hanyok says, â€Å"Japanese radio intelligence discovered that the British monitoring site in Hong Kong had identified and tracked the large ships. (It is not known if the Japanese realized that American naval radio intelligence had done so as well. Alerted to the vulnerability of its communications to foreign RI, the Japanese naval command was compelled to devise a counter plan. † On December 7, 1941, The Japanese fleet had reached their destination. The first wave of fighters, bombers, and torpedo planes had departed at 6 a. m. to the entrance of Pearl Harbor. They even made preparations for five mini submarines to abide submerged below Pearl Harbor until the attack took place. Burlingame states, â€Å"At first, Yamam oto banned their use, because he feared that they would be spotted by American patrols prior to the attack. The designers and crews of the midget submarines, however, devised an underwater method of launching the midget submarines from the backs of â€Å"mother† submarines, and Yamamoto reluctantly approved  their use. † Then they were instructed to do as much damage as possible from below with their torpedoes. A little before 7 a. m. Opana point detected a signal of massive air flight heading their way from the north. But they were assumed to be aircraft flights from the carrierEnterprise or a scheduled flight of the B-17s from mainland, so no actions were taken. Vice Admiral Nagumo  was given orders to attack Pearl Harbor by Yamamoto at 7:55 a. m. It is said that the attack lasted for almost three hours but it is hard to define the actual length of the attack because Japanese attacked many different airfields of the base. The locations included Hickam, Wheeler, and Bellows airfields, Ewa Marine Corps Air Station and many more. The ending results of the attack on Pearl Harbor included four U. S. Navy battleships sunk, caused another to capsize and severe damage to four more. Japan also sank and damaged three cruisers and destroyers, one minelayer, and 188 aircrafts. The attack injured 1,282 and killed 2,402 U. S. servicemen. America tried to fight back but only little damage was done to the Japanese. The Japanese only loss four midget subs and 29 aircrafts, with about 65 Japanese men killed or severely injured. In the end Japan came out of the attack on Pearl Harbor victorious. They crippled the U. S. Pacific fleet like they planned and crushed America’s pride. Although Japan came out victorious things only got worse for them, little did they know that the attack on Pearl Harbor was only opening the door to their own self-destruction. ——————————————– [ 1 ]. Conroy, Hilary. 1990. Pearl Harbor Reexamined : Prologue to the Pacific War. n. p. : University of Hawaii Press, 1990. eBook Collection (EBSCOhost), EBSCOhost  (accessed September 30 , 2012). [ 2 ]. Zuber, Terence. 2012. â€Å"Book Review: Attack on Pearl Harbor: Strategy, Combat, Myths, Deceptions By Alan D. †Ã‚  War In History  19, no. : 257-258. History Reference Center, EBSCOhost  (accessed September 29, 2012). [ 3 ]. Canfield, Eugene B. 2004. â€Å"ALL SIGNS POINTED TO PEARL HARBOR. †Ã‚  Naval History  18, no. 6: 42-46. History Reference Center, EBSCOhost  (accessed September 30, 2012). [ 4 ]. Hanyok, Robert J. 2009. â€Å"How the Japanese Did It. †   Naval History  23, no. 6: 44-50. History Reference Center, EBSCOhost  (accessed September 26, 2012). [ 5 ]. Burlingame, Burl. 2011. â€Å"Setting a Trap. †Ã‚  Cobblestone  32, no. 9: 20-22. History Reference Center, EBSCOhost  (accessed September 26, 2012). How to cite The Attack on Pearl Harbor, Papers

Tourism Planning International and Domestic

Question: Discuss about theTourism Planningfor International and Domestic. Answer: Introduction For many countries in the world, tourism is the main and the most important source of business. Tourism is one such activity that requires a lot of coordination and planning. Tourism is essentially travelling for leisure, recreational, business or family purposes. The travel is generally of a limited or short duration. Tourism can refer to two types of travel international and domestic. Tourism is an activity that requires proper planning in order to properly fulfill or complete the tour in an efficient and adequate manner. Tourism planning is an essential part in the sphere of tourism. It is the process of considering the requirements of people who are planning a trip, and using those prerequisites to determine the best programs, activities and resources for the trip (Boniface, 2013). The tourism planning is required and intended for the local businesses and the residents of the location and the tourists who travel to that particular place. The development of the tourism also requi res a good planning in order to be successful. There are also many positive and negative aspects of tourism planning which should be taken into consideration. Tourism planning is important for analyzing the probable trends and the itinerary for the tourists for a specific tour to a particular destination. In a country, there are many locations, which become the favorite for the tourists all around the world. Tourism planning not only involves participation of the tourists or the potential tourists, but also with government agencies to develop the infrastructure that is tourism related (Lee, 2013). The tourism planning also includes the participation of the private sector like the restaurants and hotels. It also includes participation from travel companies, transport companies and also popular outlets or tourist destinations. The positive impact of tourism planning is that, with the help of a thorough planning, the economy of the country can be boosted. The inflow of tourists from all around the world to a specific destination will not only boost up the economy of the country but also make it popular amongst the tourists from all across the globe. The tourism planning is important for the tourists as well as the target country. However, there are also many negative impacts of tourism planning. Tourism planning damages the physical environment of the country. There stands a risk of damage of the historical or the cultural resources and landmarks by unruly set of tourists (De Vita Kyaw, 2016). Pollution, overcrowding and traffic problems remain as risks and negative impact of tourism planning. There are many negative marketing impacts of tourism planning as well. There is a risk of failure to capitalize on new marketing opportunities; there might be the absence of the existence of adequate awareness in the prime markets, lack of understanding and coordination among the individual operators. There might be a failure on the part of the government or the tourism company to act on the important issues, opportunities and problems of the common interest to the industry. Consulting with relevant stakeholders is important and a useful part of tourism planning. The stakeholders in the tourism industry are tourists, tour operators, the government, local residents, and NGOs. The stakeholders are important and an essential part of the tourism industry as well as the tourism planning. For a successful tourism planning, consulting with these stakeholders is important. Taking into consideration the views and the opinions of these five stakeholders holds a place of supreme importance in deciding the success or the failure of the tourism planning for a particular destination of a particular country. The tourists are the most important part of the tourism planning. Consulting and taking into consideration the opinions of the tourists is important as their opinion counts and is pivotal in tourism planning. The tour operators are the next important set of people who influence the tour planning and the outcome and development of tourism of a country (Ma Hassnik, 2013). The tour operators decide the itinerary of the tour, the hotels and restaurants and the places to visit for the tourists. They are one of the most important group of people in the tourism planning. The government is an important factor in tourism planning as the rules and regulations set by the government often influence the tourism of a country. The government also looks into the well-being and protects the interest of the tourist if they are somehow put into trouble for various reasons. The government puts up advertisements to lure in tourists to exotic destinations of the country. The government protects the interest of the tourists as well as the local residents. The local residents of the place are also important in tourism planning as the local residents often decide the future and the trend of the tourism in the particular place. The behavior of the local residents towards the tourists of the place or the country also acts as a major factor in deciding the fate of tour ism of a country. The NGOs play a pivotal part in the deciding factor of tourism of a country. The tourism planning of a country is dependent on these five factors. Tourism in a country plays a major role in boosting up the economy of the country. Success in tourism depends on various factors. However, tourism acts as a major contributor to the economies of some countries. The impact of tourism on a country can be efficiently analyzed with the help of Cost Benefit Analysis (CBA) or Return on Investment (ROI). The cost-benefit analysis is a process with the help of which, the decisions for a business is analyzed (Hunter, 2012). The advantages or the benefits of a particular situation or an action that is business related are summed up and the costs that are associated with the implementation of those actions are deducted from that. The returns on investment is a performance measure that is used to evaluate the efficacy of an investment or for comparing the efficiency of different investments. The return on investments is important to gauge the profitability of an investment. The ROI is a popular metric owing to its simplicity and versatility (New some, Moore Dowling, 2012). The ROI is the gain that is obtained from a specific investment subtracted from the cost of investment, divided by the investment cost. The return on investment in this case is the economic boost that is going to be gained in the process of tourism development. Since Clipper Bay is a seaside destination, it is going to attract a lot of tourists from all over the world. The return on investment on the tourism of Clipper Bay Tourism is an important contributor to the economy of a country as it serves as a major catalyst to boost up the revenue and thus the GDP of the country. The cost benefit analysis of a company is the process of estimating the significant revenues and costs of a particular project. The analysis shows whether the benefits of a particular investment or change justifies the related costs or not. Clipper Bay is a region, which has a settlement of 5000 people. This means that it is a quaint little place at the tip of the peninsula. The place has a scenic beauty that is accentuated by the hills and the beautiful beach. There are many limestone caves and many formations of rock pool inside the caves. The location, being close to the sea, can use fishing as an important tool to attract the tourists from all around the world (Briassoulis Van der Straaten, 2013). As the population of Clipper Bay is not that high, the place is secluded and is perfect for tourists who want to escape to a crowd f ree destination. The place has a rich history, which can be shared by the local residents of Clipper Bay. Clipper Bay is famous for its tasty seafood cooked by the local womenfolk. This can attract the tourists who are foodies. The handicraft of the place is also well received by the tourists. The region is also famous for a festival that marks the beginning of the fishing season. The festival is typified by the presence of customary and traditional cultural and religious rites and a feast that lasts for a week. The traditional heritage attracts the tourists from all over the world to the quaint region of Clipper Bay. Therefore, it can be seen that the tourism industry of Clipper Bay can an efficient option to rejuvenate the economy of the region. One of the important considerations for the development of the area and the development of the tourism to the region of Clipper Bay is the presence of a good infrastructure. The potential of a region usually depends on the infrastructure of the region. Tourism infrastructure is the elementary foundation for the development of tourism of a particular place. The significance of the tourism infrastructure is reflected in the distribution and the production of the tourism services. The arrival of tourists, in some places, improves the efficiency of the human resources at the specific region or place. The types of tourism infrastructure are broadly categorised into three parts: social infrastructure, transport infrastructure and environmental infrastructure. Types of tourism infrastructure (Source: Created by author) If the context of the region of Clipper Bay is considered, the social, environmental and the transport infrastructure are all conducive to encouraging a growth and development of the tourism industry. The tourism infrastructure is important for the development and growth of the tourism industry. The social infrastructure refers to the accommodation facility of the tourists that is available in the place, various locations or attractions that attract the tourists to the destination (Buckley, 2012). The social infrastructures include hotels, galleries, convention centers and other important facilities. The environmental infrastructure of a particular destination is the natural value of the region that attracts the tourists. For instance, the national parks, natural reserves, sanctuaries and marine parks, all act as the environmental infrastructure of a region. The environmental infrastructure can attract the tourists from all over the globe as the beautiful forests, sanctuaries and the natural reserves automatically attracts the tourists. The transport infrastructure comprises of the destination access to the international as well as domestic tourists. It includes the roads, railways and airports of a particular country (Sinclair-Maragh, Gursoy Vieregge, 2015). Although tourism is a great option for the quaint town of Clipper Bay, there are many potential advantages and disadvantages of developing tourism in that region. The potential advantages of developing tourism in the Clipper Bay region largely is economic as well as socio-cultural. The development of tourism in this area can bring in good returns to the region and thus improve the economic condition of the region. The region is known for the many maritime activities that are the USP of the area since it is a sea-facing place. The geographical detail of the region is extremely beautiful and interesting. The town is located at the foot of a series of hills and has a beautiful beach, which can be accessed easily. The area is rather barren and is not conducive for farming. Thus, tourism is the only option for this specific area. The tourism offers an alternate solution for boosting up the economy of the country. The economy of the country is greatly boosted by the tourism industry of the region. Along with the advantages, there are certain disadvantages too for the development of tourism of the region. The economy of the region is highly dependent on the tourism and fishing industry. The local residents are extremely dependent on these two businesses for their livelihood. Any fall or dip in the number of tourists in this region might lead to a fall in the economy of Clipper Bay. Since the local government is not very active in promoting any type of alternate type of businesses to sustain the livelihood of the local residents, it means that the tourism can influence the economy of the country. The local residents practice a very religious and traditional way of life. Therefore, apart from tourism, the town does not have any other option of access to the outside world. Another disadvantage for developing tourism in the town is that it takes all the attention of the local administrative body. It does not invest any of its time to develop any other alternative option of business of the region. The potential economic advantages and disadvantages of developing tourism at Clipper Bay are: Disadvantages: The town of Clipper Bay is heavily dependent on the tourism of the town. The economy of the region is dependent on fishing and other activities related to the sea. One of the main disadvantage of developing tourism in the town of Clipper Bay is that it limits the economic growth of the country as tourism can work on a specific price guideline and not grow any time soon. Advantages: One of the main advantages of developing tourism in the Clipper Bay area is that it can boost the economy of the country greatly. This is by collecting the revenues from the various tourist destination, the hotels and the restaurants. The tourism development for Clipper Bay area is important as the livelihood of people living in that area solely depends on the fishing industry and the tourism industry. Another advantage of the development of tourism in the area of Clipper Bay is that it can provide and create the opportunity of many job positions in the area. The major economic advantage is that the tourism can help the small town of Clipper Bay become prominent on the world map. There are some socio-cultural advantages and disadvantages of developing tourism in the area of Clipper Bay. The socio-cultural advantages of developing the tourism in Clipper Bay region is that it can promote an intermingling of the tourists and the locals, which can promote a healthy growth of culture amongst the locals of the region. The interaction between the locals and the tourists can enrich the culture of Clipper Bay. The disadvantage of developing tourism in Clipper Bay is that the dominance tourism as a business option limits the scope of expanding the means of earning livelihood (Woo, Kim Uysal, 2015). Therefore, it can be said conclusively that since the Clipper Bay has an exquisite scenic beauty and is bordered by the sea with hills, forests and caves present, tourism can be one of the main businesses of the region. The socio-cultural set up of the region is traditional and presents a unique and beautiful mix of tradition and culture which can be attractive to the tourists visiting the place. Developing tourism is one of the main steps to improve the economy of Clipper Bay. For the future, the town should concentrate on developing other aspects of the town that might prove to be beneficial for the town. The socio-cultural impact of tourism in Clipper Bay is undoubtedly high. The interaction between the tourists and the locals are bound to give rise to an amalgamation of two culture, points of view and beliefs. The life of the locals can improve which can be brought about by the tourists or by the facilities provided by the government for the tourists. Widening of the cultural hor izons can also be a result of tourism in Clipper Bay. Tourism can help in the conservation of the cultural and local heritage. References: Boniface, P. (2013).Managing quality cultural tourism. Routledge. Briassoulis, H., Van der Straaten, J. (Eds.). (2013).Tourism and the environment: regional, economic, cultural and policy issues(Vol. 6). Springer Science Business Media. Buckley, R. (2012). Sustainable tourism: Research and reality.Annals of Tourism Research,39(2), 528-546. De Vita, G., Kyaw, K. S. (2016). Tourism development and growth.Annals of Tourism Research,60, 23-26. Hunter, C. (2012). Aspects of the sustainable tourism debate from a natural resources perspective.Sustainable tourism. A global perspective, edited by R. Harris, P. Williams, T. Griffi n, New York: Routledge, 3-23. Lee, T. H. (2013). Influence analysis of community resident support for sustainable tourism development.Tourism Management,34, 37-46. Ma, M., Hassink, R. (2013). An evolutionary perspective on tourism area development.Annals of Tourism Research,41, 89-109. Newsome, D., Moore, S. A., Dowling, R. K. (2012).Natural area tourism: Ecology, impacts and management(Vol. 58). Channel View Publications. 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