In all cases you can choose to accept a risk rather than take action. Describe any five situations where accepting a risk may be the best option.
Q: Hot site is O a. to close down your business until risk finished O b. fully equipped facility where…
A: Temporary business closure is a part of any small or new business organization. Even the most…
Q: In 2017, the State of Connecticut passed the Fair Chance Employment Act that provides, in pertinent…
A: Qn 1 1.The State of Connecticut is seeking to address the issue of unemployment among people with…
Q: Why is important and how does motivation influence the employes performance
A: Motivation:- Whether it's getting a sip of water to relieve your thirst or reading a book to learn…
Q: How can communication be improved in an organization that is structured in a traditional…
A: Communication is a critical management part of any organization. Whether the goal is to update…
Q: 1 discuss any two purchasing and supply management process risks that Rosebank College may be…
A: The efficient operation of intricate and sophisticated supply chains is essential to the modern…
Q: Venus style has approached you as an HR advisor concerning an Induction process. Create an induction…
A: An Induction programme is the process used within Many businessman to welcome new employees to the…
Q: not motivated to put in their best or are downright dissatisfied with their jobs. You have decided…
A: You may improve the workplace by comprehending and applying Herzberg's two-factor theory of…
Q: Mary and Son known as MS was founded in 1996 as an autonomous training school. It has adequate…
A: Every organization works on the motive for earning profits. Every business has its own vision and…
Q: Johnson and Johnson management wants to reduce annual drug R & D costs through quarterly headcount…
A: Johnson and Johnson management wants to reduce annual drug R & D costs through quarterly…
Q: what is the typical day of a Facility Manager using a Project Manager mindset
A: On a typical project manager's day, there are a lot of things going on, making it difficult to…
Q: Describe what factors you would consider in deciding to relocate and rank them in order of…
A: Expatriates can be defined as those employees who reside in a country other than home country for…
Q: Organizational environments are divided into general and specialised components. Use a well-known…
A: INTRODUCTION: The organizational environment is the set of conditions that affect a company's…
Q: Provide an action plan in the situation. 15-20 sentences
A: Note: As per the guidelines, we do not provide personal opinion to any question. However, we will…
Q: 2a Briefly discuss the reasons why the employer-based insurance plans are almost always preferred…
A: Employer-based insurance plans are also referred as group insurance plans, and these plans are…
Q: Research (South-Western Cengage Learning, 2012) states an individual's attitude has a 40% impact on…
A: INTERVIEW : An Interview is a structured conversation where one participant asks questions, and the…
Q: Explain the effects that construction industry has on the energy usage, climate change, drinking…
A: The resurgence in the growth of the construction industry will undoubtedly have a negative effect on…
Q: Socio-cultural analysis is a type of internal analysis. Question 9 options: True False
A: The business environment refers to the collection of internal and external factors that affect the…
Q: how does poor working conditions/environment (due to lack of protective gear) cause high absenteeism…
A: Absenteeism in the workplace:- Absenteeism is when an employee is not present at work. There are…
Q: The following terms are examples of ____________________. Ramification, repercussions,…
A: Ramification is the effect that came from specific action. Repercussion refers to a reverted action…
Q: Name and discuss two reasons why change management is important for todays organisation?
A: Introduction Change Management is the process of making modifications in the business operations,…
Q: Process Redesign is concerned with increasing the performance of processes without changing the…
A: Introduction: The term business process redesign alludes to a total redesign of an organization's…
Q: In your own understanding, what are the significant roles of Managers?
A: The manager is the one in the organization who is responsible for several activities done for the…
Q: Cultura, Económic, and polítical Recommendation between Canada and Mexico.
A: Canada and Mexico are the north American neighbours and friends the both countries have highly…
Q: Question: 1. Has Zoom user made the right decision? Yes/ No/ Why? 2. Using the correct…
A: INTRODUCTION: Personal conflicts at work are frequent problems that can occur anywhere. Even though…
Q: short answer How can information itself provide a competitive advantage to an organization? Give two…
A: COMPETITIVE ADVANTAGE: Competitive advantage is where one business has an edge over another's . In…
Q: What is the case for Holacracy? What are the advantages and disadvantages of Holacracy?
A: Organizational structure helps in laying down the ways in which the activities are directed for the…
Q: Briefly describe the types of agency conflict, provide an example to at least one of the types of…
A: A situation of conflict arises because of disagreement and misunderstanding between two or more…
Q: Is it possible for an employee to be successful in the workplace without acting ethically? Justify…
A: Introduction:- Workplace is like a temple for the employees or anyone who is serving for the…
Q: What if the SWOT and TOWS analysis was done in a table how will it be? For this question;
A: SWOT analysis emphasizes internal factors- strengths and weaknesses- while TOWS analysis emphasizes…
Q: Write the definition for each of the six characteristic of and entrepreneur. The characteristics…
A: Introduction:- The entrepreneur refers to an individual who has the ability as well as the desire to…
Q: history: The University of the West Indies (UWI) began in 1948 in Mona, Jamaica, as the University…
A: The entrepreneurs will form an organization majorly for two things, one is to gain profits from the…
Q: Based on the case, provide examples for Tesla of at least four strategically required organizational…
A: A workplace competency is the explanation of a needed skill, characteristic, or behavior for a…
Q: 1. The European Union (EU) wants to design a novel organ donation and transplantation system. The EU…
A: (a) Let xj = binary integer such that xj=1 when a facility is built in city-j for j=1,2,...,14 Min z…
Q: What is the difference between transformational leadership and transactional leadership?
A: Leadership involves influencing the behavior or guiding the people in the right direction.…
Q: Internet quality in the Philippines affected the BPO industry and post challenges when it came to…
A: INTRODUCTION: Since the outbreak of the COVID-19 pandemic, many businesses have been forced to adopt…
Q: Teamwork in Crisis Jerry Jones, a second-year learning team mentor, stared at his notes again. His…
A: Teams A team is a collection of individuals who work together to complete a cooperative and…
Q: managers and organizations because it Feelings are more likely to be communicated a. verbally. b.…
A: communication is tge exchange of words, ideas, thought processes with tge help of verbal talks,…
Q: Define job descriptions and job specifications, illustrating how the two are related, yet different.
A: Job analysis:- Job analysis is the act of acquiring and examining data regarding the nature,…
Q: 1. Business Organization Green Corporation (GC) is stock corporation engaged in the events…
A: I recommend the option A ="Enter into a joint venture with their competitor Blazing Company (BC).…
Q: What is the Belt and Road initiative of the PRC? How does the LAC fit in the picture and what are…
A: China's Belt and Road initiative is a strategy initiated by the people's Republic of China that…
Q: Define management and its features?
A: Organizations cannot function without using management. An organization cannot survive and grow…
Q: SWOT analysis
A: SWOT ANALYSIS LOBLAW Loblaw is Canadian Retail Company mainly focused in Supermarket (Food, Cloths,…
Q: Can I Have Another Boss Please? Case Type: Main Subjects: Who's Who: Head Case Coaching,…
A: Women executives still make up a small portion of the business sector. Most of us don't find it odd…
Q: Examine the role of the manager as a principal-agent of change.
A: Organizations function in an environment that keeps on changing. External environment consists of…
Q: In relation to the extract above, as well as by conducting additional research, discuss how Cynthia…
A: As a manager, one probably fulfils several different roles daily. For example, as well as leading…
Q: eamwork in Crisis Jerry Jones, a second-year learning team mentor, stared at his notes again. His…
A: Team norms are the fundamental guidelines for respectful communication amongst coworkers that should…
Q: 1. Critically Discuss the type of leadership that is required to grom and grow talent in an…
A: Introduction:- Talent is a proven valuable resource for any organisation. Identifying talents at…
Q: What exactly is risk management? Discuss the risk management procedure.
A: A risk management strategy is described as an approach that is formulated to counter risks that…
Q: Recruitment and Selection From time to time, each company faces the necessity to employ new staff.…
A: The term employee turnover refers to the number of employees who leave the organization over a…
Q: What are some ways to improve ease of reading business documents
A: The most readable documents direct readers to the text's most important ideas while also…
In all cases you can choose to accept a risk rather than take action. Describe any five situations where accepting a risk may be the best option.
Step by step
Solved in 2 steps
- What are the three most important forms of operating risk? What positions do they play? And how you think would be the hardest to handle and why?Do you agree that the organization should treat risk management as a discrete event rather than continuous process? Why or why not?Below are four categories of risk and ways that a company is currently handling the risks. Which risk handling options are being used? More than one answer may apply. a. A company is handling its high R&D financial risk by taking on partners and hiring subcontractors. The partners/subcontractors are expected to invest some of their own funds in the R&D effort in exchange for sole-source, long-term production contracts if the product undergoes successful commercialization. b. A company has decided to handle its marketing risks by offering a family of products to its customer base. Different features exist for each product offered. c. A company has product lines with a life expectancy of ten years or more. The company is handling its technical risks by performing extensive testing on new components and performing parallel technical development efforts for downstream enhancements. d. A company has large manufacturing costs for its high-tech products. The company will not…
- What is the difference between mitigation and contingency when it comes to risk? Which do you believe is more important? Why?Since a risk is something that has yet to happen--and may never happen--how much time and effort should be spent planning and preparing for it?If you were tasked with performing risk assessment in your organization, how would you proceed? Can every threat be planned for? Why or why not?
- What can you do to manage risk?The primary risk facing companies can be grouped into four categories, namely; Hazard Risk Strategic Risk Financial Risk Operational Risk In a tabular form, how would you categorize the risk factors below based on the above risks? Economic Distress Mismanagement Technological Causes Working Capital Problems Fraudulent Management Lack of board effectiveness Boards' risk blindness Poor leadership on ethos and culture Defective communication Excessive complexity Inappropriate incentives Information "glass ceiling" Managerial inefficiency and ineffectiveness Over expansion Ineffective sales force High production costs Poor financial management Risk assessment strategy Inappropriate commercial policy Absence of manpower training and development policy Capital inadequacy Socio cultural factors Income instability Public policySource of information for discussing this question "With reference to relevant examples critically discuss REFORM, CONFORM, PERFOM and DEFORM as level of risk management sophistication"
- In 5 to 8 sentences, answer the question: Am I a risk taker or am I risk averse? Since risk is inherent, what actions do you do to minimize the impact of risk in your daily activities? Provide a concrete example or situation and discuss how you minimize the risks present. Definition of Terms:• Risk• Risk Management• Uncertainty• Risk averse• Risk tolerance• Mitigated Risk• Risk analysis• Risk avoidance• Probability• ConsequenceDiscuss the concept of risk transfer as a risk treatment option and develop examples of two alternative possible risk transfer mechanisms that could be considered for transferring strategic, operational, change and unforeseeable risks?Some in the academic world contend that corporate risk management is a zero-sum game. Discuss.