Challenges Facing The Organizational Business Economy And Management With Companies From The Financial Services Industry

1640 Words Dec 12th, 2015 7 Pages
As easy as it is to come to the conclusion that any business can have problems with risks, the main problem is the challenge to stay ahead of these risks in the organizational business economy and management with companies in the financial services industry. These risks provide exposing potential losses in strategic decision making within the organizational business economy, rather than creating opportunities. This problem is being made aware of to the Board of Director’s Risk Policy Committee (DRPC), JP Morgan Chase & Co.’s Advisory Board, CRO, CCO, CIO, and CFO respectfully. If left untreated, challenges with uncertainty, principles and methods, and indecisiveness from managers will lead to failure in the risk management and ultimately cause further damage to other vital areas of the company. Despite not having a solid risk management process, there are going to be problems because we cannot predict all crisis events and risks that arise, and thus protect against them. Being prepared to deal with a crisis risk event and taking action immediately, as well as identifying and assessing issues and options will be fundamental to decreasing the challenges of risk in financial services and management for JP Morgan Chase & Co.
JP Morgan Chase has been a company affected by this major issue in the financial services industry. As JP Morgan Chase is in the financial services industry which has dynamic challenges in asset markets and potential impact of decisions made by reorganized…
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