Essays on Risk Management

Introduction

The Bank as a commercial organization aims to make a profit, which ensures the stability and reliability of operation and can be used to expand its activities. However, the focus on the profitability of operation is always associated with various types of risks, which in the absence of limitation may result in losses. Therefore, any bank in determining the strategy of its activities creates a system of measures, which on the one hand, aims at making a profit, and on the other hand, takes into account the maximum possible prevention of losses in banking activities (Madura, 2012). The banking ...

Security is one of the major aspects in every company. It is crucial for all types of organizations, and especially for those who possess copyright items, to have a serious protection system that will help them to avoid unwanted interventions into their systems and the steal and further release of confidential data. We can observe the necessity of careful check and intensive protection on the example of Sony Pictures, which one of Fortune Magazine contributors called ‘the hack of the century’. In addition, it is claimed that Sony studious could have predicted the hack and could have secured their ...

Introduction

The growth of tourism and hospitality sector has an evident positive impact on local economy, but often has a negative impact on the local environment and society. Sustainability now is a prominent issue for those working and researching the tourism and hospitality industry, as major global market players, together with UN World Tourism Organization are promoting sustainability as the way to improve both economy and local environment and social life (Deale, 2010). Hotels and resort hotels are regarded as the particularly aggressive areas in terms of market competition (ibid). It might be thus argued that by reflecting the needs ...

The Ways in Which Customers’ Attitudes towards and Expectations of the Financial Services Sector Have Changed in Recent Years and the Ways in Which Organizations within the Sector Have Responded

Since the beginning of the 80s of 20th century, trade in services has become the most rapidly growing area of ​​world trade. Moreover, technological progress, the emergence of new financial instruments and the liberalization of trade in financial services set the stage for further growth of the sector at both the national and international levels. Since the 90s of 20th century, more than 25% of the global service sector ...

2016-01-18

I have chosen the article “How Consumers Are Transforming Supply Chain” by the specialist LeTart J. It has been published on 01 Dec 2015. This article characterizes the new kind of consumers who know always what they want, when and where they want (Le Tart, 2015). These consumers are the new digitally-empowered generation. In this case, one can say, that linear supply chains go away. Supply chains transform from a product-centric to a customer-centric focus. It has many implications for supply chain risk management. Let’s analyze them in more detail. Firstly, it needs to analyze end-to-end chain visibility. ...

Introduction

JP Morgan realized huge trading losses in 2012 owing to an investment transaction, which was carried out through its London office. Under the watch of Chief Investment Officer Ina Drew, who later stepped down, there were a series of unscrupulous statements made by this company with intent to induce unsuspecting customers into making investments regardless of considering the financial position of the company. Some of these machinations included credit default swaps (CDS) being entered and represented as part of the bank's "hedging" strategy. A trader, Bruno Iksil, famously known as the London Whale, accumulated many CDS positions in the ...

About the paper

The paper is commissioned to discuss the short-term debt scenario, foreign exchange risk management process and trends in the financial ratios of Arrow Electronics Limited. In order to achieve a desired outcome in the paper, we will comprehensively analyze the financial statements and accompanying notes provided in the latest annual report of the company, so released on 5th February, 2015.

Advantages and Disadvantages of sources of short-term finance

i) Bank Loans

Advantages:

No dilution of ownership Tax advantages because of interest deductibility No interference in managerial decisions Option to opt for fixed or adjustable interest rate loans Disadvantages: High cost of debt Obligation to pay timely interest and ...

Major sports facility disasters such as the Hillsborough Stadium, the Heysel Stadium and terror activities and threats such as the one witnessed during the Munich Olympic Games in 1972 involving the Black September have created the need to ensure heightened safety and security in major sports and recreation facilities globally and England in particular. Sports facilities operations management has therefore become an important area of study and interest among scholars. According to Schwarz, Hall and Shibli (2010), facility management is refers to the care and maintenance of non-profit and commercial buildings such as sports facilities and this involves heating, ...

Business continuity has suddenly joined the list of entrepreneurial risks due to the rise in geopolitical events, man-made disruptions, natural disasters, and biological hazards. The rapidly evolving firm strategies require that business continuity, crisis management, disaster recovery, and emergency responses adapt promptly. For an organization to handle risk and continuity management, it needs a transformational form of leadership that will inspire the personnel to work towards a common objective of eliminating the hazards. The management should change the company’s culture so that the workers can learn that business continuity ensures that they keep their jobs for a longer ...

No matter which industry, or what company; regardless of the product or service for sale; one of the primary elements of any business’ success is the customer. To be sure, while some of the fundamental goals of management is how to help make a company more effective, productive and profitable; whatever decisions that are made, the customer’s perspective should always be taken into consideration. Indeed, without customers, it is unlikely that any company, regardless of how well it is managed, will survive for long. Consequently, one of the best ways to better understand how a company can become ...

Information Technology Management

Management Concepts and Models IT portfolio management IT portfolio management is the efficient management application to deal with the investments, activities and projects of the department of information technology (IT) in the enterprise. It is the application of all the IT resources including planned and current to provide a framework for the planning, analysis and execution of portfolio of IT in the organization (Casco-Arias et al 2012).

Business/IT alignment

Business-IT alignment is a vibrant condition in which the ability of the organization begins to use information technology (IT) for achieving the objectives and purposes of the business. It is the capability ...

Abstract

The developing and the least developed states have been most impacted by environmental and other calamities. Many governments have proved inefficient in tackling this problem, by imposing burdensome regulations and simply lacking proper expertise. This has led to the emergence of the failing framework essentially aimed at addressing disaster risks. The Public Private Partnership (PPP) has become an optimal solution for state authorities to handle such catastrophes in partnership with private actors. The cooperation includes construction of proper infrastructure and provision of public services for the purpose of enhancing their quality, and based on a contractual agreement. The principal ...

Personal Goals

Originally from Saudi Arabia, I earned my bachelor’s degree in Business Administration – Finance, Insurance and Risk Management, from University of Central Oklahoma. This degree, I would say, is only the first stage of my long-term aspirations. I have always wanted to be a well-qualified and experienced professional in my field. Having extensive experience in cooperative insurance and related disciplines, what I now need to focus on is the educational background necessary to take me to the next level. I am highly motivated and prepared to achieve the necessary qualifications towards this end, which is why I have decided ...

Literature Review on the topic of Disaster and Emergency Management Systems

Disasters are the regular companions of the mankind. They bring losses and devastation, ruin crops and take people’s lives. The list of cities that have been destroyed is endless and reminds people of the fact that nature is forever with us. Nevertheless, man’s activity and ambitions seem to have no boundaries. Such catastrophes as Chernobyl, the explosions on the Piper Alpha, and other numerous fires are the results of human negligence. The one thing is certain: disasters are likely to happen but where and when is the question. Thus, disaster and emergency management in the form of ...

International development (ID) project managers have to deal with a number of significant challenges in their work, ranging from infrastructure issues in underdeveloped countries to social development issues (Singer 2007: 84). Such challenges can sometimes lead to project failure. Nevertheless, problems that result in project failures can frequently be attributed to organizational and structural issues, rather than technical ones (Brinkerhoff, 1999: 350). Therefore, in order to minimize the impact of such problems and transform challenges into new opportunities, managers of international development projects need to use proven, modern techniques of project and stakeholder management (Richardson, et al 2015:12). Just ...

The undertaking by corporate business organizations of measures intended to benefit society and environment as a whole, without any expectations of earning revenue on such activity, can be defined as Corporate Social Responsibility. Thus, some of the core elements of Corporate Social Responsibility (CSR) involve a large company spending money to create an overall benefit for societies and communities affected by its business, and such activity cannot bring any direct revenue earning.

Discuss the three elements of social responsibility.

The three main elements that influence social responsibility are value creation for the brand, corporate philanthropy, and risk management. Value creation refers to the positive image that ...

Reducing the Negative Outcomes of Risks

Effective and comprehensive project risk management scans the physical, technical and organizational environments and subjects it to a disciplined process that will identify, evaluate and plan the responses for risks. The risk management process will enforce the analysis and decisions of what is the best that can be done for each risk. The computation for risk value will reveal the severity of the risk that will demand action and decisions. Some of the risks assessed are daunting such as toxic contaminations and catastrophic events such as tsunamis that avoidance responses are the only options and even question the feasibility ...

There is no doubt that Apple is one of the most successful companies of our time. In addition to millions of fans, Apple has a large number of imitators and competitors. Inspired by Apple companies all over the world try to create sophisticated gadgets on the basis of well-known brand. One can easily recall the history of Microsoft - many people believe that its success is largely due to Apple. Nowadays, Apple has a lot of competitors like Microsoft, Google, Samsung, Dell, Lenovo, Nokia and others (Investopedia, 2014). Around eight years ago when the market met its first iPhone, ...

(a)The reason behind the collapse of One.Tel Company was not only a result of the cash crisis but also due poor corporate leadership and mismanagement of funds through reimbursements of top managers. The company lacked work ethics whereby the top managers misused available funds through bonuses and other allowances. This large telecommunication company suffered a collapse due to poor management. There lacked a culture of employee valuation, set policies and procedures of dealing with the company’s wealth. This led to misappropriation of funds whereby the top leaders credited their accounts with large bonuses valued at market shares rather than actual profits.

...

Information systems security survey

The University of Nebraska, Medical Center is a public university in the state of Nebraska that offers training and research on health care programs. This is the only public academic institution that deals with health sciences in Nebraska. The motivation of the institution is to offer training for healthcare staff so that they are able to handle the challenges posed by today’s healthcare staff. The hospital also has the mission to provide solutions for diseases that are devastating to the public. They strive to offer services to the state and to the general public through outreach programs that are ...

‘Health and Safety legislation imposes an unnecessary financial burden on business’

Employment sectors in the United Kingdom have been subjected to numerous rules in recent times that seek to decrease the occurrence of grievous injuries in the work environment. The implementation of proper health and safety regulations has been made mandatory in order to secure the wellbeing and safety of the workers. Sensible rules that ensure workplace safety are always welcomed by the employers. But the present safety and health legislation has begun to ...

Introduction

Advancing in the global economy implies adjusting to increased competition, which requires higher productivity. Yet, increased productivity occurs when the occupational environment offers safe and pleasant working conditions. Contrarily, working environment highly exposed to occupational risks and hazard that may cause accidents, illness and even death lose their competitiveness at the cause of absenteeism, employees’ insurance expenditures orpotential trials (Stranks, 2005).

Statistics conducted by International Labour Organization (ILO), the World Health Organization (WHO) and United Nations (UN) agree in their estimations that there are 279 million occupational accidents and 160 million diseases associated with the working ...

Introduction

This chapter gives an analysis of the results of the study to derive insights on why insider threats remains to be one of the leading and challenging security issues to deal with. The results of the study present a vague picture of what motivates insider threats in private organizations. The questions of why, what and how will be answered with references to the data obtained from the study. This section also demonstrates the actions taken by organizations and tries to link it with theoretical frameworks and pool of knowledge developed by earlier scholars.

Analysis

The belief that insider threats ...

ABSTRACT

The aim of this dissertation is mainly to analyzethe risk in the New York Stock Exchange using Statistical aspects and the computation of Value at Risk. The technique of Value at Risk or Value at Risk (VaR) is a methodology to standardize the calculation of the various risks that occur in a business e.g. banks, stock exchanges and corporations. The risk is defined as the probability of obtaining a result different than expected, the factors that will depend on the position of the entity, the risk factor under consideration and the time of calculation. Thus, the VaR seeks to establish quantitatively the ...

The quality improvement leader serves as an associate of the corporate quality team and is charged with assisting with quality assurance, enhancing quality as well as regulatory compliance (Stevens, 2013). The QI leader provides a wide range of quality-related nursing services such as training, evaluation, risk management, and compliance. In addition to this, the QI leader works together with and provides support to nursing staff with an aim to improving the quality of nursing services (McLaughlin & Kaluzny, 2006).

Among the policies that they work on include developing organization policies that impact nursing ...

Question 1: Risk Assumptions

Risk management is a critical component of in car purchases. This is because it safeguards the interest of both the car buyer and also the car seller. Risk management in car purchase transactions are thus ensured through the car purchase contract. There are several risk assumptions in the area of car purchases (PMI 369). One of the assumptions is superior car security and safety. The contract should adequately illustrate issues of car security. The second assumption entails car insurance. All vehicle purchase agreements must illustrate adequate knowledge on how insurance services will be serviced. The insurance is critical because it ...

Process safety in offshore oil and gas industry: a review of the present and future practices

Introduction

Oil and gas industry keeps playing an increasingly significant role in the global economy. Nowadays the world consumes over 30 billion barrels of oil per year, and despite all the innovations in alternative energy, this figure doesn’t seem to decrease in the foreseeable future. Offshore drilling, or extraction of oil through the seabed, is currently no less popular than other forms of extraction. In the Gulf of Mexico alone there are over 3.5 thousand oil platforms in use, and other areas of seaborne oil extraction like the North Sea, West African coast, Brazil, Azerbaijan and Sakhalin ...

Financial risk of an enterprise can be defined as the probability of adverse financial consequences in the form of loss of income and capital under uncertainty conditions for its financial activity. Financial risks have a great variety and for the implementation of effective management are classified by several main features that will be considered below. Financial risks arises in the process of enterprise relationships with financial institutions (banks, financial, investment, insurance companies, stock exchanges and others). Causes of the financial risk are inflation factors, the growth of bank interest rates, reduction of the value of securities and others.

Financial risks are roughly divided into two types:

1) ...

Abstract

The essay involves a study of the threats against Aviation Security and the issues and solutions proposed for the current trends in airport development and security measures followed in civil aviation.

Introduction

Aviation security is a crucial issue and refers to the protection of passengers, cargo, staff and aircraft from crime, malicious harm, accidental incidents and other threats. There are more than 50, 000 airports in the world and the number is anticipated to grow. Aviation plays a key role in the national economy and is an essential part of the global lives. Why would one say that? Well, large numbers of traffic, ...

Curiositea Gift Company, the project that I developed together with other four girls, had the mission to sell affordable handmade vintage teacups filled with tea scented candles, shower gel or bath bombs, separately or as a gift. For this aim, we targeted as the end use women aged 30-50, with refined tests for home accessories and an interest in relaxation, harmony and aesthetics. The direct buyers, however, are much more varied, ranging from students to adults who desire to purchase gifts for their friends, mothers, and acquaintances. The main marketing strategy consisted in a combination of strong social media ...

Abstract

This report includes the example of Deutsche bank in which the bank is accused of publishing a poor audit report with false figures and inadequate material to made analysis. The paper talks about the importance of the Risk, risk management, disclosure of the risk and the ways to disclose the corporate risk to decreases the impact of it.teh report includes the way through which the display of the information in the report affects the performance of the company. There are many ways through which good reporting can be achieved with even poor digits. The importance of the discloser in the ...

In the context of Professor Kallman, risk management is evolving and continuously expanding. The various risk management techniques are developed and researched. Professor Kallman concentrates on an ERM approach to risk management. The risk management is constantly changing and not everyone will openly adopt to any new change. Professor suggests that the risk manager should keep only three questions in mind which are the current position on the S curve, the long term career goals and the procedure to follow so as to reach to the goals. S shaped curve Is followed in many disciplines where the skills of ...

Capstone Project – Oral Presentation

The capstone project is a consultative report for Samsung Electronics which focuses on areas including management, time management, quality management, cost management, and risk management. In addition, the consultative report will consider how effectively the target organization performs in cross cultural settings with the aim of making improvements in domestics and international markets. This is important given the multinational nature of the target organization.

Samsung Electronics was started as an export business. Since then, it has transformed into an electronic giant, one of the biggest globally. The company specializes in semiconductors, digital appliances, system integration and memory. Samsung Electronics, a subsidiary ...

AS 39 is used for an in-depth analysis and dictation of the principles that measure financial assets and liabilities. It also recognizes what contractors would use for the transactions involving assets that are otherwise not financial. IAS 39 for financial instruments came to be as a result of the international accounting standards board. Ideally, a financial instrument is identified when a contracting party becomes allied to the provisions of the instrument at a given time. The IAS 39 comes into play as a measuring factor for the value of such an instrument. It classifies the instrument into the respective a category that is dependent upon ...

IAS 39 Financial Instruments, comprising of recognition and Measurement is an accounting standard used internationally for financial instruments. It was released by International Accounting Standards Board (IASB). Its main purpose is to outline requirements that were needed for the recognition and measuring of financial; assets, liabilities and contracts that are used in the buying or selling of items that are non-financial. The instruments become recognized when the entity becomes a party. IAS 39 came into use on December 2003 and applied to the annual periods that begun on and after 1st January 2005.

It would be swapped and interchanged ...

IT security risk management approach

The Security Advisory group (SAG) has devised a new IT security management approach to tackle the increasing threats of cyber crime on a large scale. This security management approach has been simply named as Security Risk Management (SRM). The team involved in this security management approach comprises of the financial, logistical, security focal points, top level managers as well as the national staff representatives. The main goal of the security programme is to approve the program as well as successfully take the initiatives of tackling the threats of cyber crimes along with the enhancement of the safety and security of the ...

Executive Summary

The British Broadcasting Corporation (BBC) Digital Media Initiative (DMI) was terminated in the year 2013 because of lack of progress and many problems. The National Audit Office reported that the project had failed because there was no adequate planning, and there was confusion in the objectives and governance of the project. This report introduces the story of BBC and its failure in the DMI Project. The background of the BBC DMI project is explained as well as the reasons why the project failed. The report explains the importance of project management, and evaluates the major areas of project management ...

Against the Gods: The remarkable story of Risk by Peter L. Bernstein

People have always believed that no human being can go against the will of the gods. However, Peter Bernstein tries to explain how human beings have gone against all odds to beat the gods at their own game. In his book, ‘against the gods: the remarkable story if risk’ he tells the story of grasping risky opportunities to change the fate of the world. Peter narrates the story of a few scientists and their assistant amateurs who risked everything to bring the future to the present. What they discovered and invented aided the world with the necessary tools for foretelling ...

Security is very essential for any company whether large or even a small startup. One must remain aware of the potential security threats facing the company. According to research done on security issues facing organizations, it shows that information security is a major concern for all modern organizations (Knapp, Marshall, Rainer, & Morrow, 2006). In the past, protecting information just meant keeping it locked in a safe or drawer. However, in this era of virtual criminal activities, all information in the organization’s computers and all other systems must be protected. The level of sophistication from criminal entities, rival organizations, different governments and ...

Introduction

What are Investments? - An investment can have a variety of meanings. It is commonly used in the fields of finance and economics. - In the field of finance for example, an investment could refer to something that an individual—most likely an investor, would spend money for, expecting for a gain, yield, or simply, a return on his investment, either on a short or a long term basis . - An investment may always carry a certain degree of risk - Examples of investments - Equities - Bonds - Stocks - Securities - Properties - ...

Part A

According to Kerzner (2004), strategic planning for project management is the development of a standardized method for project management which can be used severally and produce a high likelihood of achieving a project’s goal. Strategic planning increases and improves the chances for the success of any given project. Strategic planning, according to Kerzner, considers all aspects of a firm from the working relationships of the employers and employees to the various roles played by the project sponsors in ensuring the success of a project. Strategic planning involves the steps of choosing and formulation of the most effective method, implementation, monitoring and control and ...

ABSTRACT

Procurement is a necessary and a useful component for the local or multinational organizations. Moving in the present market, Procurement is playing a role of crucial importance in the success of globalization. This report discusses why the function of procurement has increased on such prominent basis in the present competitive global environment, as the risk of supplying critical commodities tighten. Risk factors of the procurement will be identified, and the planning and development required for the procurement will be studied. This report will also examine how organizations can form strategies to reduce these critical risk factors.

INTRODUCTION

Procurement includes all the aspects of ...

Introduction

Strategic marketing management is a strategy by which the association separates itself from the opposition and focuses on its qualities in order to offer its customers the best support and value. The goal of fundamental marketing is to capitalize on the positive division of the association over its opposition from the point of view of buyers.

Aims & Objectives

This assignment will critically review Airbnb’s marketing strategy and evaluate its marketing efficiency. Moreover, the assignment to determine certain marketing risks pertaining to Airbnb’s marketing strategy, as well as propose an effective counterstrategy to overcome the challenges. In addition, the assignment will ...

Introduction

Quality assurance in medical facilities is sought so as to create satisfaction for customers by providing them with health care that is both appropriate and superior (Donabedian, 2002).This is achieved by the promotion of continuous assessment and ensuring improvement of the quality of healthcare, service quality, safety of patients and the quality of business components that support delivery of healthcare.

For the subject of my Session Long Project, I identified Kaiser Foundation Hospital in Oakland, California. This is part of the Kaiser Permanente health care consortium. This group operates dozens of hospitals that offer acute care. The group ...

- Abstract

Risk management is one of the major procedures that have influenced the growth and development of more than a few organizations globally. Risk management can be described as the process of recognizing risk, accessing risk, and taking steps to mitigate the risk to an acceptable level. This paper focuses on the two social enterprises by focusing on the role of risk management in their project success. Over the years, risk has been a challenge to most organizations. Managers searched for appropriate solutions in order to ensure that their businesses are secure from any form of risks. Café Sunlight and Good Mood ...

Summary

In the unpredictable world of the financial management environment, organizations that are responsible for managing its investment risk experience lots of challenges. Their efforts and strategies are crucial in terms of its risk management; the risk management process highlights the importance of well-implemented health organizations that follow the steps broadly. First, organizing a cross-functional team that defines the priorities set in the risk management of the organization. Second, educating every individual that are part of the significant aspects linked in the risk management. Third, promote an environment with collaborate support through open communication from every member of the organization. The ...

Business

Introduction Marketing forms an integral part of organizational performance directed towards sustaining its growth and performance within the industry of operation. Organizations inculcate marketing as a tool for ensuring product awareness and capturing extensive markets through varied tools of operation. The tools emanating from marketing principles are crucial for ensuring plausible sales within the business. Thus, this paper will evaluate the marketing aspects of the operation through a case evaluation of Aha Beverage Company. - Develop the company's branding, pricing, and distribution strategy.

Branding denotes giving a business a distinctive branding that will focus on labeling and product packaging. A ...

An EHR system is an electronic health records system that stores all the medical information about a patient. The system is a digital version of keeping records that can be located at any moment. When accessed, the system will show the medical journey of a patient, from a previous diagnosis, allergies, the medication they have been given and the laboratory test results. Because of this, the system helps in promoting the management of the risks that occur with errors on medication. In addition, the systems operate on a digital network that makes it easy for any healthcare to access information about a patient at any ...

Introduction

Every business assumes certain risks at any point. While most people start businesses with an outlook of success, there is a chance that such businesses will not take off and succeed. Going on under such circumstances is assuming the aforesaid risks. While this is a very simplistic approach, risk management is much more complex. Dr. Kallman, a maestro of risk management has authored several articles regarding the techniques used in risk management. Other authors offer varying approaches and techniques to risk management. Heinz-Peter Berg is another scholar whose approaches to risk management are revered. The two scholars agree that businesses ought to ...

S. T. E. A. M. Human Resource Department

Business Plan

Executive Summary Our Human Resource Department will provide support to the firm by availing Human Resource. This department will consist of Human Resource Program and Development Program. This department will consist of a Human Resource manage, two Assistant Human Resource Managers, two Human Resource Business Partners, a Recruitment and Administrative Services manager, a risk analyst and manager. The Department will oversee the staffing of the firm; that is the tutors, office staff, and teachers, and also will be in charge of Development of the staff. This will be through organizing training for the staff ...

Activity Summary

Projects initiation was the first activity that we engaged in. It was undertaken after a SWOT analysis of the hotel identified that the POS project was the most valuable and most favorable at that time. The next activities that followed were project scope documentation, project approval and signing off. These activities involved definition of goals and assigning of tasks. They also involved the dividing the project into baselines (technical, functional and management and cost baselines). Project plan execution involved a number of activities that included the following: getting bids from suppliers, auction, procurement closure, enterprise information infrastructure design, training of implementers, ...

Introduction

Risk is very common in any business. According to the definition given by Knight (1999), risk is measurable ambiguity of outcome whose impact may be either optimistic or pessimistic. Usually, risk is measured and expressed in terms of strong index. Many researchers think risk as unwanted event and this risk have statistical expectation value for ranking the seriousness too. Risk analysis can be defined as mathematical product value of strong and disutility. Procurement management offers advantages on economies of scale in purchasing and delivering the goods and services at right time and right place in order to minimize the risk involved ...

Introduction

In a classic financial world as predicted by Modigliani and Miller (M&M), the risk management should be irrelevant. When there are no information asymmetries, taxes or transaction cost involved, hedging will not add any value to a firm because shareholders or companies can diversify their portfolio in such a way that their overall risk will be totally hedged (Lin and Chang 2006). However, the real world is far from the Modigliani and Miller model. In practice, we see imperfections in the financial market. This imperfection may actually create a rationale to reduce the volatility of earnings for a firm through hedging.

Many empirical ...

Introduction

The entire concept of both of these things is vital for an organization and the importance of the same thing cannot be derailed from any standpoint. In finance, the name of Financial Modeling is one of them, which has its own significance and importance. Theoretically, financial modeling is basically a task of building an abstract of representation of a real world and financial institution. Financial Model is usually known as a mathematical model represents the asset class of a financial based asset or a portfolio of a business or an individual . The essence of financial modeling is increasing day by day in number of countries ...

Information security in an organization is designed to protect the integrity, confidentiality and availability of the computer system data or information from those who have malicious intentions of altering records, stealing confidential information, bringing down the network and many more. Information risk management is, therefore, very important. It covers information infrastructure in the organization, identifies information to be protected and the level of protection required to align the organization’s tolerance in case of risk. It helps the IT personnel in the organization to identify the weaknesses and vulnerabilities that their systems have and in turn device ways of ...

Differences in the Risk of a Clothing Company and a Utility Company

A clothing company has high exposure to both diversifiable and non-diversifiable. Diversifiable risk exists within the company because of internal activities of the entity (Hopkin, 2013, p. 2). The company can avoid this type of risk by diversifying its investment portfolio. The clothing company has much exposure to this risk because they concentrate on one investment, clothing. On the other hand, the clothing company cannot avoid non-diversifiable risk because non-diversifiable risk affects the whole market (Jordao & Sousa, 2010, p. 2).

On the other hand, a utility company has limited exposure to diversifiable risk. The company has an investment in ...

1. Divergent Thinking for Convergent Futures

Future is something that no one can predict with accuracy, even remotely. Businesses have a method of developing over time and expanding as well as contracting depending on the market situation, demand and technology changes. One the ways that have a scientific basis on predicting and preparing for the future is scenario spinning – method by which different future scenarios are painted along with the probability of their occurrence and then preparing for the future!

While indulging in scenario spinning it is vital to make them as divergent as possible, and this is where the ...

The police department faces a number of hazards which are likely to lead to loss. Risk management is as important in the police department as it is in other organizations. It involves analysis of loss, potential loss, threats, and hazards. There are assets that need protection in addition to security needed for each jurisdiction. Potential assets at the police department include cash, fleets of vehicles, trained officers, secure premises, information, resources, specialized equipments, and technology. The police department faces some of the risks that are generally overlooked. This includes the risk to property and security needs.

Threat assessment (two potential hazards)

The first step to ...

Risk Management

Risk management is the process of identification, analysis, and mitigation of the investment decision-making uncertainty. The risk management happens anytime the investors or fund managers analyze and attempt to count the potential for losses in investments and do the proper action with the risk tolerance and investment objectives. If there is an inadequate risk management then it results to severe consequences both the companies and the individuals. Risk management determines the existing risks in the investments and handles the risks appropriately with the sets of objectives. In addition, risk management is concerned with the preservation of the assets and ...

Technological platforms should be systems created with accurate systems well defined to perform given tasks. The success of any system should be based on excellent protection from attacks from within and outside the company. However, despite the protection that the managers may try to instill to the company, there would be chances for more attack to the system. Therefore, there are exclusive needs to protect the system of an organization from excessive malicious attack. There is need for considering all necessary measures that could be useful in protecting the systems. All possible techniques need to be pursued. Every form ...