Essays on Risks

ABSTRACT

This paper gives a comprehensive focus on risk management as an important tool for project management. Every project has its risk and, therefore, there is no way they can be avoided but mitigation measures can be incorporated when these risks are identified early enough. This paper gives a justification why risk management is a critical success factor for a project. It gives a discussion of the process involved in risk management, including risk planning and management, risk identification, qualitative risk analysis, quantitative risk analysis, and risk response planning. In addition, it provides more information to the project managers on ...

This task is divided into three sections. The first section concerns project risk management. It involves a construction company mandated to build a 6,000 square feet office and an attached building with 20 hotel like room to house its beneficiaries. The budget allocated to the project is tight and the non-profit organization requires to utilize this office as soon as possible. The project is in the planning stage and the project has acquired funds and other requirement documents. This section will detail risk management processes that will be applied to safeguard the project from failure. The second section ...

Question 1

I have been mandated the task of managing a construction for a non-profit organization. The construction involves building of a 6,000 square foot office and an attached 20 residential hotel-like rooms for its beneficiaries. The budget for the project is tight, and the NGO requires to have the facility ready in the shortest time possible. The project is in the planning stage, and there is the availability of funds and some requirement documents. In this report, an analysis of how risk management is undertaken. The report will detail the application of risk management, the most important considerations with ...

Abstract

In the current global environment, the emergence of technology and its availability throughout the world comes with significant advantages for the development of the business world, but also of the individuals’ life conditions. Technology creates an interdependency between the developed and developing or third world countries, in terms of request and demand for work force, which contributes to reducing the poverty levels and even the world hunger, due to business ventures such as outsourcing. While the rise of technology and communication allows for significant benefits for societies at a global level, it has also contributed to changing societies and ...

There is no doubt that Amherst functions as a private health care institution. Speculations advanced by this literature review points toward unfolding the extent it is a private institution. This researcher’s assumption is that the extent to which Amherst is classified a private health care institution depends on an assessment concerning risks and returns exploring concepts pertaining to operations, performance, and talent.

The London School of Economics researchers confirmed that there were distinct factors relating management practices to outcomes as it pertains to financial returns in any health care institution (Dorgan et.al, 2009).Therefore, the ability to integrate ...

Environmental Risk Perception

This article recognizes the changes in the environment, pollution and modern technologies and their impact for both human and nature. The people perceive these risks prompts the actions adopted in addressing such risks. The article provides various factors that have been proposed in providing explanation risks with the environment providing a discussion of the biases and heuristics. However, the perceptions have also been based on subjective judgements on risks and cognitive biases. The article also provides a discussion of the psychometric, model, which identifies the core features of risk underlying perceptions of risks. The explanation on environmental risks and ...

Operations Management

A. Analysis of the Book Concepts

1. Application of the Theory of Constraints As I had been working for financial institutions for the past 15 years, I am going to discuss the problems that are typical for banking industry. In 2007, the Capital One Bank jettisoned its mortgage platform in respond to the mortgage crisis pressures. However, investors were pressed too proving the main concept of theory of constraints: when one element of the system is improved, the other is in the constraint. The main constraints in this situation are the lack of financial resources required to stay in ...

Use this format to submit your final product for this assignment.

1. Read the case study of Kendra at the beginning of Chapter 13 of the Mental Health in Social Work text. 2. Complete all sections of the assignment, as identified in this document. 3. Turn in the assignment to your instructor by the end of Week 7.

Questions to consider when formulating a diagnosis for Kendra

1. Do Kendra’s presenting problems result from patterns of interaction with others?

Kendra’s mentioned issues stem from a series of negative interactions in her social circles. She is very lonely, and when she is alone, she feels overpowered by the thought that she will be lonely forever and be abandoned. ...

The concept of disaster bonds: Overview of catastrophe bonds

Capital markets experience a number of risks that cause investors huge sums of cash. Catastrophe bonds (cat bonds) are a form of principal-at-risk debt securities issued by insurance companies to investors that allow direct transfer of low-frequency, high-sensitivity risk to capital markets. Traditionally, debt securities only allowed insurance companies to repay full principal amount upon maturity of the bond. The introduction of catastrophe bonds solved this situation. Upon the occurrence of one or more catastrophe event, the outstanding principal of the insured reduces. Examples of catastrophe events covered by this bond include natural disasters (earthquakes, hurricane), deaths caused by ...

PART I

Forward contract: This is a type of a derivative contract that involves an agreement between parties on the rate of interest that will be applicable to specified national loans or deposits within a specified time period. The aim of this is to offer the borrower protection against the uncertainty that may result from unexpected rise in the interest rates. For instance, farmers face a significant price risk resulting from the fact that they do not know the price their products will sell at come the harvest time (Melnikov, 1999). The uncertainty resulting experienced in the ...

Abstract

The increasing risks prevalence in the pharmaceutical industry supply chain has increasingly emerged to be a significant issue. This issue has forced the researchers, policy makers and other concerned parties to come up with a strategy through which the supply chain in the pharmaceutical industry can be smoothly managed. In this paper, the researcher comprehensively analyses the pharmaceutical supply chain risk management. In order to ensure that this is eventually accomplished, the Analytic Hierarchy Process (AHP) model has been adopted in quantifying the risks in the pharmaceutical supply chain of firms that are operating in this industry.

Key words: Analytic Hierarchy Process, pharmaceutical, supply chain, risk management.

In the ...

Categories of Risks in Supply Chains and the Common Management Tactics

The blooming demand of goods with very short life cycles, the increased global competition in the market, and the increased customer expectations, become some of the major factors that continuously compel businesses to increase their investments and concentration towards their supply chains. Additionally, supply chains depict a continued growth in the recent past, due to the increased need to satisfy the heightened demand of goods in the global markets. Often, complexities commonly found in integrated supply chains form the major reason as to why their smooth control becomes difficult due to reduced visibility into the process. ...

Investment Management Firm

The Barclays Bank Investment Management Firm The Barclays Bank

Business Environment

Industry of Operations The Barclays Bank is a public limited company and operates in the banking and financial services industry. The Barclays Bank is a key global provider of financial services and engages in commercial and retail banking, investment management and wealth management services, investment banking and credit cards. The financial institution has an extensive international presence in Asia Pacific, the Americas, the Middle East and Europe. The Barclays Bank has a history of over 300 years with immense expertise in banking. The institution operates in more than 50 countries ...

- DEFINITION FOR RISK MANAGEMENT

The term risk management refers to the process designed for identifying, assessing and prioritizing risks of different kinds. It is prudent to note that once the risk has been identified. The managing director of the project will have to create a plan in order to reduce or completely do away with the negative impacts which may be associated with the risk. ...

Introduction

For any organization to maintain its well being, then risk management is very vital. Ideally, risk management guarantees the security of the organization spending and security control measures are observed keenly. For any organization to carry out risk management, appropriate and competent comprehension of the risks pertaining risks should be considered. That is; efficiency and effectiveness to observe the risks of the organization are essential. Taking into consideration the Justice and security organizations, there are myriad elements that are expected to cause operational constraints (Kolb, 2008). The performance of most justice and security organizations is assessed through its definite ...

Master of Business Administration

For decades, the encumbrance of evaluating the potential of organizational risks and exposures has been assumed insurance specialists both internal and external to the company. For instance, risk handling mechanisms particularly self-insurance and insurance have provided some degree of comfort to organizations that could be otherwise be incapable of withstanding financial impacts associated with disasters. Sadly, false confidence cases have led to multiple problems for small and big firms within the insurance industry. In order for companies to efficiently execute functions related to pre-incident risk assessment and find the at-need operational crisis directions, majority of ...

Introduction

Risk and risk factors are some of the threatening entities of a functioning firm or company. The risk-management process involves the systematic application of management policies and practices as well as procedures, with the intention of establishing a context of communication and consultation with relevant stakeholders. The treatment, monitoring, and reviewing of risks also comprises of identification, analysis, and evaluation. A risk is the possibility of a loss or other adverse event that has the potential to interfere with an organization’s or individual’s ability to fulfill its or his/her objectives. Risk identification ensures that an organization or ...

Abstract

The principles of financial management are very important as they help in ensuring the smooth running of all the financial activities of a firm. Several financial management principles are in existent and they cover different areas of management. There are about ten different principles of financial management. However, in this paper we are going to lay more emphasis on three of the principles among them; cash is king, not all risks are equal and efficient markets. This research is going to consider the Zales Jewelry Company and how the company implements the use of different financial ...

Introduction

Risk management, as per definition described in ISO 31000, can be explained as the assessment, identification and risks prioritization coupled with economical and harmonized application of the resources in order to monitor, minimize, and control the possibility of unfortunate events and to maximize the accomplishment of the opportunities. There are numerous factors which can cause the risks, for instance; improbability in the financial markets, legal liabilities, accidents, credit risk, natural disasters and project failures in any of the phase of the project. Risks can be managed by shifting threats towards other party, averting the risk or reducing the probability ...

What is ‘risk’ and how can it be accomplished successfully? You are required critically to analyze the concept of risk; discuss how it can be measured and ranked and outline how a project risk management strategy may be constructed. Risk is the capability of losing something that is worth; weighed against the possibility to increase something that has quality. Qualities might be gained or lost when one takes a risk which results from a given action and/or inaction, predicted or unforeseen. Risk can also be characterized as the purposeful communication with vulnerability (Altemeyer 2004). Risk perception is the subjective ...

Introduction

Risk and risk factors are the cornerstones of a functioning firm or company. The risk-management process involves the systematic application of management policies and practices as well as procedures, with the intention of establishing a context of communication and consultation with relevant stakeholders. The treatment, monitoring, and reviewing of risks also comprises identification, analysis, and evaluation. Consider a scenario where a top company employs a new CEO and one of her first decisions is to ensure that safety is a major priority. Twoof the new rules being established state that all employees are required to use safety gear while ...

ABSTRACT

Enterprise resource planning (ERP) and cloud computing are beneficial to organizations both profit based organization and non-profit organizations. However, there are challenges and risks that arise from ERP and cloud computing. This research will investigate the challenges, risks and the level associated with the adoption of cloud ERP systems. The research will aim at finding out the challenges and risks associated with the adoption of cloud ERP systems. The research questions will aim at addressing the challenges and risks as well as the level of the risks associated with adoption of cloud ERP systems. An exploratory and descriptive research ...

Abu Dhabi Men’s College

Information Systems Security and Forensics Individual Case Study

Risk Management and its role in an organization 3

Risk management process 4 Information Security Risk Identification 4 Risk identification techniques 4 Information Security Risk Assessment: 5 Information security risk mitigation: 5 Information Security Risk Transfer: 5 Information security Risk Acceptance: 5 Information Security Risk Monitoring 6 3. Conclusion 6

Reference 6

- Introduction Risk management is, essentially, defined as the identification, analysis, acceptance and mitigation of uncertainty . The management of risks occurs any time a security manager analyses and identifies a potential threat to the security of information systems in the organization. Information systems security management is a vital component of ...

Introduction

Management Information system is a system of processing data in an organization and presenting it to the management in the form of reports which are used for decision making. It is a broad term which refers to a system of processing information and producing regular and timely reports. (O’Brien, 1999). Risk management refers to the management of the identification and assessment of risks and finding means to monitor, control and minimize them. (Hubbard, 2009).

Types of Business Risks

A business organization faces a number of risks. These risks are broadly classified into the following categories – (Jolly, 2003). - Strategic Risk – Risks to ...

The Hanford nuclear waste facility is an important US environmental cleanup project which has made many steps towards its ultimate goal. However, leakage of the billions of liquid waste, which leak out of the tanks into the surrounding soil and water, pose serious environmental, social and health risks to the people and the environment, with the greatest concern being the wastes reaching the Columbia River, which could have an array of serious consequences. This write-up explores the facility, with regard to the environmental in/justice problems it poses, as well as the social and environmental risks associated with the nuclear ...

A Maple Leaf Food Inc is a Canadian company whose business is deals in bakery, meat and meals. This company serves the Canadian people and the North Americans in wholesale and retail. The company has presence in Canada, across the north Americas and the whole world especially Europe, Asian countries like Japan, china in franchises and through the exports in their products. The company’s operations have segments in three main groupings which are in meat, bakery and the agribusiness. The meat products group deals in valued added fresh meats, the chilled and the ready to cook and eat ...

Introduction

Risks refer to the chances of an event to take place due to a given action taken by an individual or an organization. The action taken normally has a possibility of yielding into a negative or positive result. Thus, an individual or organization needs to have adequate knowledge on the possible outcome before involving in an activity since this will affect an organization’s movement. Risk management likewise refers to the systematic selection of cost effective methods for the sake of limiting the effect of threat to an organization. It is impossible to avoid the effects ...

Whether or not you believe your company can do no wrong, you should always plan for the worst – this is where risk management comes in. (Roche, 2010) In the world of risk management, there are many different ways of doing it among all different disciplines. Regardless of the field in which you are working, an effective risk management process is necessary in order to effectively weigh whether or not you can release a certain product, or carry forward with a particular plan of action, without taking too much of a chance that you or your customers (not to mention ...

Introduction

This paper is an analysis of a statement “Male risk-taking tends to increase under stress, while female risk-taking tends to decrease under stress” that is included in an article Do women take as many risks as men? by Doug Sundheim. This paper includes different explanations, which are made by researchers to define how this statement is true. Why males take more risks and why females take fewer risks, is the main theme of this paper. Social, cultural, psychological, professional and personal aspects are described regarding the argument made against the statement. It is also described that what risks and ...

Part 1

Information system security threats can affect the integrity and of business systems hence the reliability and privacy of organizational information. Most of the business organizations depend on computer systems, and thus they must deal with systems security threats (Quigley, 2008). The most widespread potential security threat is the computer virus. Computer viruses multiply and can spread to another computer through internet downloads and email. It is almost impossible for any information system to prevent the spread of viruses. However, companies can reduce the threat of computer virus by installing and regularly updating quarantine software. Organizations can also use software ...

Abstract

Financial strategy formulation and implementation involve substantial planning, analysis and forecasting. In the dispensation of that duty, managers and employees alike must consider risk. Risk refers to the possibilities of occurrence of events whose results ordinarily cause losses of a financial nature. Interestingly, risk is not predictable or certain. This makes factoring risk in the financial strategy problematic. In addition, risk in itself is a broad term that could be manifested in different ways. Some manifestation of risk includes business risks, credit risks, interest rate risks, political risks, default risks and reinvestment risks. The uncertain nature of risks makes ...

Several forms of incidents happen at hazardous facilities. They can be very dangerous for workers, the whole community and the environment. This paper will basically define the concepts of MHF or major hazard facilities, QRA or quantified risk assessment, individual risks, societal or group risks, FAR or fatal accident rate, among others. QRA is the accepted methodology that is used to quantify the risks in major hazard facilities. The paper will also exemplify certain industries which are hazardous to the workers and the general environment and how its operators manage the risks involved in their operations of such facilities. It will also discuss how QRA are conducted in an MHF, including its limitations and applications. ...

Risk description

Project and product risks These are risks that affect the project as a whole. They are major risks and therefore should be considered in careful details about their occurrence and also solutions to covering for them. They may arise from business process risks which happen in the course of the management process. They include governance risks, management risks, and operational risks such as purchases made when getting supply. Others include marketing risks which result from weak product marketing and distribution weaknesses. They may also result from the use of poor or almost obsolete technology to manufacture products and this increases the risk of technology failure and competition. A project developed in such a technology will also face the risk of failure if it’s not handled appropriately by technology upgrade. ...

Introduction

Quicksilver, Inc. is one of the global leaders in outdoor sportswear and lifestyle. The company designs, develops and distributes branded footwear and related products to all countries worldwide. The stiff competition and the presence of a diverse business environment call upon Quicksilver management to implement effective and modern risk management systems capable of mitigating any risk that might interfere with the core business operations of the company. Quicksilver company management, stakeholders, and other involved parties have had several sittings discussing the nature of risks affecting the organization, evaluation of risks, and risk management plan. Risk management plays a significant ...

Risk Identification, Assessment, and Management

Executive Summary There is an increasing interest in the security, safety and health attributes of hotels in the world today. The General Manager is interested in the attributes to satisfy its overarching managerial duties. These responsibilities include due diligence and duty of care. Because of this interest, the General Manager requested information on risk management and security in his hotel in order to assess the safety integrity and security of the food and beverage, and guest room departments of his hotel. Identifying the exact information that is relevant to determining and assessing such information is often challenging due to ...

Some commentators have taken the position that risk management is actually more important than revenue management in the hospitality industry (Nand, 2011). Accordingly, this report prepares a risk management strategy for a small, boutique hotel in order to address this outstanding need. The business at present has a generalized risk management strategy, primarily concerned with immediate economic business risks. This approach is not as effective as it could be because it is primarily reactive to present crises rather than attempting to predict issues that could arise and prepare solutions in advance. Furthermore, the time period considered within this generalized ...

- Background of Organization Senior Express is located in central South Carolina and provides high-quality services for senior clients and their families for more than five years. Senior Express provides home care services for retirees including assistance in shopping, medical care, home repairs, grooming, pet care, transportation and cleaning. Senior Express cooperates with other senior service providers, their family members, and guardians developing individualized programs targeted better management and monitoring of the client’s needs. Senor Express pays a lot of attention to the recruitment, training, and checking background of their caregivers. The organization is relatively new and various ...

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Abstract

Under the investment is understood as embedding, often long-term, in certain sectors of the economy in order to obtain in the future profits. Investment on the project investment can be divided into three types: real investments that involve the direct purchase of capital repair of capital assets or investments in a variety of intangible assets, speculative investments, financial investments, which include originated loans, leasing and investments in securities.

Securities investment risk (stocks and bonds)

Investing in securities is perhaps the most common views of the investment activity. In the securities invest their capital, both private and institutional investors. Most ...

Introduction

International financial reporting standards are useful in guiding and regulating the financial markets as well as recognition and presentation of financial information in the right manner. The IFRSs are meant to regulate the operations in the financial markets. The regulation of the general financial market is basically based on the international reporting standards. The application of the international financial reporting standards helps in reducing various business risks depending on the specific activity that they perform. The application of the IFRSs is essential in the specific areas of business helps in reducing risks that are associated with failures in different ...

The current global business characterized by complexities in the conduct of business and increased competitiveness, strategic management has taken the centre stage for majority of the global organizations. Organizations have realized the need for achievement of a competitive advantage in the global market as the only survival tactic in the competitive global business environment. Strategic management has been identified as the most appropriate means through which organizations can achieve competitive advantage. United Parcel Service (UPS) is a multinational corporation providing logistics services, through delivery of products to more than 200 countries in the globe. It has been approximated that ...

Assignment 1: Weeks learning objective

The topic for this week was risk management. The coverage of this topic was based on three objectives i.e.

In order to ensure the achievement of proper coverage of the risk management topic, we were given a few steps that should be followed during the entire risk management process. The first step that should be followed when carrying out risk management is to come up with a risk management plan. This step is important since it involves the formulation of the strategy that will be followed during the entire risk management process.

After the formulation of the risk management ...

Identification of risks is the first step in managing risks. There are many ways through which risks can be identified. The first is brainstorming. This is where several people come together and a facilitator encourages them to give their inputs on possible risks while one of them takes notes. Another method is through surveys, although this may sometimes fail to yield accurate information. Interviews can also be used, although the quality of information yielded may be limited by the facilitator. Working groups can also be formed to analyze a situation and identify the risks. Experiential knowledge can also be ...

Nature of the entity

Abercrombie & Fitch Co. (“A&F”) refers to a Delaware company incorporated in 1996. Abercrombie & Fitch Co. A specialty retailer, it operates direct-to-consumer operations and stores that supplies sportswear apparel, accessories, and personal care products. These products are sold under Abercrombie & Fitch, Hollister brands, Gilly Hicks, and Abercrombie kids. The company maintains similar store formats and display of merchandise irrespective of the store location. As of January 2012, Abercrombie & Fitch Co. had 1045 stores, 946 of which are located in the United States and 99 other in international locations. Generally, the company operates a fifty-two week fiscal year that ends on ...

The business sector is increasingly competitive: competition between the consumer and the service provider. In order to make profits, companies engage in numerous strategic planning and information sourcing. On the other hand, consumers compete with service providers in information sourcing in order to make favorable decisions. The insurance sector portrays its competitive nature through their methods of information asymmetry. My essay is to point out the key economical issues related to asymmetry of information in the insurance sector. All of the key issues related to the insurance trade, including the assessments of compensations for damages. Like in any most ...

“No one said that business was going to be easy” is a common statement in the business world. The essence behind this statement is the actuality that business success is not a guarantee. There are possibilities of failure due to different reasons, emanating from both the business process and the external environment (Childs & Dietrich, 2002). Such risks are different when compared along the lines of frequency, likelihood of occurrence and severity. Below are eight risks that most organizations are prone two. These are analyzed in light of a modern organization operating on the global scene as one among the ...

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 ...

Business Risk Management

Abstract Propelled by the discovery that existing research and literature on risk management in businesses misses the attention on SMEs (Small and Medium Sized Enterprises), this research paper intends to suggest means for the SMEs to manage financial risks both internally as well as externally for the betterment of the industry. This follows the finding that SMEs, just like large companies, face business risks and they need to learn ways to mitigate them. Key Words: Small and Medium Sized Enterprises, risk management and financial analysis

Just like the large companies, Small and Medium Sized Enterprises are faced with everyday ...

VW Group Strategy

Introduction Volkswagen (VW) is a global automotive industry based in Germany. The industry specializes in the manufacturing and distribution of vehicles in Germany and other parts of the world. With the current challenging business environment and the high competition in the automotive industry, VW group ought to come up with effective business strategies to make her succeed. The company composes of experienced employees that dedicate their time and efforts to produce unique products into the automobile market. VW Group has set a 2018 strategy aimed at positioning the company as a business leader among all automobile manufacturers globally (Volkswagen, ...

INTRODUCTION

Nowadays social and economic development is characterized by the increasing role of the human factor. Today, human capital role takes on a new meaning. In business, it is the main criterion for evaluating the effectiveness of any company in achieving competitive advantage and ensuring qualitative parameters of economic growth, defined as the set of natural innate abilities, talents, creativity, moral, and psychological health; accumulated and improved as a result of investment knowledge and professional experience necessary for purposeful activity in certain sphere of social reproduction, bringing in the income to the owner. Moreover, analyzing human capital it is necessary ...

Introduction.

The cross-country pipelines, which cover most parts of US transverse through terrains of forests, crop fields, rivers, deserts, off shores, hills, and populated areas. Any malfunction of these pipelines implies a devastating effect on the environment. This means that designing the pipelines require skills, and a consideration of social and environmental aspect along with other technological alternatives. Environmentalists view pipelines as high risk potential sources of environmental degradation from oil spillages and raptures (Flora, 2005). Economists and policy makers, on the other hand, view them as the cheapest and safest means of fossil fuel delivery. This has posed a ...

Following The American Psychological Association’s Guidelines

Abstract Whenever the term “enterprise risk management” is mentioned, most illustrate it as risk reduction and prevention to occupants of a business establishment or occupancy in question. While this is partly true, the generic definition of risk management can be disconcerting as it entails several aspects in part of or revolving about an enterprise model. The purpose of enterprise risk management (ERM which shall be abbreviated as such throughout this report) is also to plan, organize, lead, and control activities in order to reduce financial, strategic, or operational risks for sustainability of an organization or association. Over the past ...

Risk Management in health Care Organizations

Introduction Risk management refers to the process by which risk managers identify, assess, and prioritize different kinds of risks. After identifying the risk, the risk manager creates a plan to eliminate or minimize the impact these negative events. There are different types of strategies for risk management, depending on the kind of risk. The health care industry today faces numerous risk issues that relate to reforms in the health care industry, the shift from compensation based on the service provided to compensation based on the outcome, industry consolidation, changes in the relationship between the payer and service provider, use ...

1. Introduction

Climate change is only one of the adverse affects that experts claim would result from global warming if it were not prevented from happening through the decrease or elimination of greenhouse gas emissions. As such, experts have constantly warned governments about the possible risks. Already, we see this happening in the natural disasters that we’ve experienced over the past two decades. One such incident recently happened in Jeddah, particularly in the year 2009, when heavy rains caused an extensive damage to the city.

In this regard, this paper will perform an analysis of the said 2009 ...

California Lutheran University

Rayan Azhari Chapter I

Introduction

Succession planning is the process of identifying, recruiting, and training employees of an organization in order to equip them with skills necessary for enabling them to take up future top management positions. It entails training and evaluation processes to ensure that the respective employees are capable of effectively and efficiently handling all the management and leadership issues, they may face in the course of duty. Succession planning is an important part of everyday organization activities and, as a result, all organizations whether small; medium sized or even large must prepare for future succession possibilities. Effective ...

- Introduction to the Issue The Terrorism Risk Insurance Act (TRIA) was established for the primary purpose of ensuring “the continued financial capacity of insurers to provide coverage for risks from terrorism” . The Act was originally passed on January 23, 2002 after the destructive effects of the September 11, 2001 terrorist attack on the Twin Towers. The gigantic losses sustained by the US economy necessitated urgent measures to mitigate terrorism risks and to spread the potential losses in future events of similar nature. The TRIA, which had stipulated initial termination date of December 31, 2005 was extended initially for ...

Chapter I

Introduction Succession planning is the process of identifying, recruiting, and training employees of an organization in order to equip them with skills necessary for enabling them to take up future top management positions. It entails training and evaluation processes to ensure that the respective employees are capable of effectively and efficiently handling all the management and leadership issues, they may face in the course of duty. Succession planning is an important part of everyday organization activities and, as a result, all organizations whether small; medium sized or even large must prepare for future succession possibilities. Effective succession planning ensures ...

Risk identification is the process of identifying risks that could affect the project and documenting their characteristics. Risk identification is performed by the project team members and experts in risk management; it can be participated by customers, project participants and experts in certain areas. It is an iterative process, because as the project progresses through its life cycle can be detected new risks. The frequency composition of the iteration, and each execution cycle in each case may be different. The identification process should involve members of the project team so that they develop a sense of ownership and responsibility ...

Introduction

Through the years, circumcision of male infants occurs worldwide for a variety of reasons. The reasons range from; religious, medical, cultural and even personal preferences. Though it is a widely practiced ritual, recent debates have seen debates rise over its importance and necessity according to the Royal Australasian College of Physicians (2010), arguments arise on the ethical, and human rights issues, and health benefits of infant male circumcision. Circumcision is a safe procedure; however, in some cases, there may be minor or major complications. The process involves the surgical removal of the foreskin of the penis. Before the process, ...

Systemic failure implies the failure of an entire system and occurs due to fragility associated with complex systems. Technological progress creates rapid increases in the number of systems, products as well as policies which pose challenges regarding management, analysis safety and control. (Venkat, 2010). It differs from other risks in terms of effects rather than causes. Systemic risks keep on developing so cannot be predicted. Assessment of systemic risk involves probability of failure, predicting consequences of failure and collapse of pathways. Complex organizations face management, design, system overload and proliferating random failures. Complex systems are intrinsically dangerous systems with ...

Abstract Page

Technology has improved the way firms conduct their operations. For instance, it has enabled firms to increase their marketing activities through social media platforms. Moreover, it has reduced operational costs since firms can maintain online enterprises that do not require brick and mortar setups (Gupta et al., 2012). Despite these benefits, technology has created new problems for business entities and people. This paper will identify all risks that arise from using peer to peer file sharing programs. The paper will also identify and discuss three viable technologically based solutions to deal with the risks. After evaluating the three viable ...