Collapse of CTV Building Assignment Example | Topics and Well Written Essays - 2500 words

Collapse of CTV Building - Assignment Example The governments of several countries are motivating the organizations to follow proper business policies in order to improve countries’ business environment. This study will focus on the collapse of CTV building during the 2011 Christchurch earthquake. The study will try to find out several other reasons behind the collapse of this building. Collapse of CTV Building Introduction CTV Building was the headquarters of several leading organizations including Canterbury Television. This building was established in the Christchurch Central City (Kunstler, 2005). The CTV building became one of the significant symbols of 2011 Christchurch earthquake. 115 people lost their lives due to the collapse of CTV building during the earthquake. A series of construction, council, decision making, and engineering related errors over the last 20 years caused the catastrophic collapse of the CTV building. Prime Minister John Key ordered to set up the Royal Commission in order to investigate this i ncident. According to several reports it can be stated that the collapse of CTV building was the biggest life-taking incident. The Royal Commission stated that the CTV building’s engineering design was deficient in several ways. This building was not developed according to the appropriate standards. Therefore, Christchurch City Council did not make a right decision by issuing a building permit for CTV building. During the construction of the office block, it was found that the construction had been inadequately supervised by the appointed construction manager (Wilson, 2012). This study will identify the stakeholders and key role players associated with CTV Building and its consequences. Moreover, this study will critically analyze and evaluate the key management and several organizational factors associated with the critical incident. Analysis of the Case Study The government of New Zealand is trying to find legal reasons behind the collapse of this building. First of all, th e government has stated in the report of the Royal Commission that the construction plan was not created according to the standard level. The Royal Commission has concluded that serious deficiencies in its construction and design are the major reasons behind the accident (Figure 1). CTV building did not meet the standard construction criteria. Moreover, the designing engineer constructed the building out of his depth (Stursberg, 2012). Moreover, as for the council staff that inspected this building after the incident of the earthquake, none of them were the engineers. The Construction and Building Minister said that the report of the commissions would be handed over to the professional engineers’ institute. The government wanted to find out the level of corruption and crime associated with the collapse of CTV building (Xu, 2012). Alan Reay Consultants Ltd. were in charge of CTV building construction. The commission blamed the groups for establishing a noncompliant and inadequ ate design (Figure 2). Moreover, the council stated that city officials were also responsible for the incident as they had not sent notice to the owner of the building. According to the report, the building got a green sticker after the earthquake of 2010. Signalling authorities gave it thumbs up for the individuals to use in future. Identify the Roles of Key Role Players and Stakeholders The owner and principle engineer did not follow the legal aspects. The principle engineer

Corporate Social Responsibility Essay Example | Topics and Well Written Essays - 2750 words

Corporate Social Responsibility - Essay Example This thought was advanced by economists of the free market school of thought into the neo-liberalism economics. This new school of thought emerged a century later following the burst of free market ideals, growing out of the existing liberalism economics theory. What therefore was this old liberalism theory all about? Economic liberalism prevailed in America in the 1800 and early 1900 granting individuals the right to make profit in an increasingly unregulated market. Profit was therefore pursuable at no restrictions; an anything goes analogy that would soon plunge the world into unfathomed crisis a few decades later. Subsequent to the economic crush of the 1929 occasioned by the crash of the stock market, the world was plunged into major turmoil; this lead to the emergence of two primary concerns as to how to restore balance to economies that had been into chaos. Firstly, that government had the duty and obligation to spend where others (largely the private sector) would not. Second ly, and in stark opposition to this was, that the intervention of state was both pointless in addition to being potentially dangerous in the long-run health of the aggregate economy (Wapshott, 2011). These early debates still linger till now striking strong and ferocious debates and reactions both within the government and amongst corporate bodies. The subsidence of this World crisis and the decline in profitability in industries prompted the elite to revive economic liberalism leading to the development of neo-liberalism economics (Roberts, 2010). The neo-liberalism economics propagated for the exclusive rule of the markets within the economy; deregulation of government role on any aspect that would cut back on enterprise profitability (including workers’ safety, environment safety and workers’ unionization); privatization of public amenities and resources and reduced public welfare expenditure such as healthcare and education. On the global scale, the spread of this new world order was halted by the World Wars. Subsequent to these was the United States’ Marshall Plan that once more made Europe a major trading bloc with the United States. The tide of independence and freedom of markets was meanwhile blowing across the Atlantics greatly positioning the new economic order to states that were alien due to prolonged socialism and colonization (Robbins, 2004). It is against this widespread neo-liberalism particularly by the United Sates (in its newly found capacity as the world’s superpower) that economists such as Polanyi forecasted the setting in motions events that are yet to lead to another world crisis. The blatant permission of free market forces to be a lone determinant of the fate of humanity and the natural environment would ultimately result in the destruction of society (Polanyi, 2001). However, in an apparent contradiction of his prophecy, Polanyi further went to argue that such a societal destruction could not abound since the developments within the system would guarantee the supremacy of society over the economic system.