Week 8 Discussion Post

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School

Webster University *

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Course

5200

Subject

Information Systems

Date

Dec 6, 2023

Type

docx

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1

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Week 8: Discussion With any project, or in any company, there are many things that can go wrong. Risk is a part of existing. Please discuss how your firm (or a firm that you research on the internet) measures and manages risk. In this discussion please mention the variables that the organization identifies as important to measure and manage. These variables can be related to financial, personnel, production, development, research, marketing, service, product or some other aspect of the company. To earn full credit: 1. Respond to the above question by wri ting a three to four sentence paragraph about the measurement used by the company and another short three to four sentence paragraph about how the company responds or manages this exposure. 2. This initial response should be posted by Thursday night by 11:59 PM. 3. Before Sunday at 11:59 PM you need to post a meaningful response to another student’s posting or comment. 4. A thoughtful initial posting and a meaningful response indicates that you read the material about the case for the week and that you are moving the conversation forward. Response: Airbnb, as a global hospitality marketplace, faces various risks that can impact its financial, operational, and reputational standing. The company employs a comprehensive risk management framework to identify, assess, and mitigate these risks effectively. One of the critical areas Airbnb focuses on is financial risk. This includes currency exchange rate fluctuations and interest rate changes. The company closely monitors these factors to ensure stability in its financial operations. Operational risks are also a significant concern for Airbnb. Potential disruptions in its services may include cybersecurity threats, legal and regulatory issues, and business continuity challenges. Airbnb diligently manages regulatory risks associated with local laws, tax regulations, zoning restrictions, and licensing requirements. Compliance efforts are essential to mitigating these risks. Airbnb faces market risks related to competition, changing consumer preferences, and technological advancements. The company continuously evaluates market trends and adapts its strategies to stay competitive and relevant. Airbnb employs various risk management practices to address these identified variables. This includes regular risk assessments, scenario planning, internal controls, insurance coverage, and diversification strategies. Additionally, the company fosters a risk-aware culture across its workforce through training and awareness programs.
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