Read Risk Management Strategies and the Role of Senior Managers

Risk Management Strategies and the Role of Senior Managers

Difrine Madara

4.9/5 (25777 ratings)

Description:Seminar paper from the year 2018 in the subject Business economics - Business Management, Corporate Governance, grade: A, Kenyatta University, language: English, abstract: Risks are inevitable in any business organisation. In this case, a company must put in place comprehensive measures to address various types of risks that a company may face. A senior manager of any organisation has a significant role to play in designing risk management strategies for the company. This report is, therefore, about the role of senior management in risk assessment, development of the company's risk management strategy, communication and ressourcing risk management strategies and the evaluation of outcomes. Risk management can be defined as the process of identifying, evaluating and prioritising risks supported by a well-coordinated efficient investment of ressources to minimise, monitor and control the probability of the occurrence of the unfortunate events and maximise attainment of opportunities. Risks originate from several sources, such as uncertainty in the financial markets, threats of project failure, legal issues, accidents, credit risks, and natural occurrences, among others. There are also cases where some events that have never happened before can occur, such as 9/11 terror attacks. These risks are referred to as unforeseeable risks. According to Nassim Taleb, unforeseeable risks are events, which are the rare but high impact on the business or organisation. In the contemporary business environment, inventions, such as social media and natural issues, such as global warming can have a massive impact on business thus the management should prepare for such issues or events appropriately. Risk management, therefore, encompasses strategies adopted by the organisation to ensure that the negative effects of these uncertainties are limited by avoiding, reducing, transferring or accepting the risk. However, risk management initiatives must also consider strategic risks. BasicaWe have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Risk Management Strategies and the Role of Senior Managers. To get started finding Risk Management Strategies and the Role of Senior Managers, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: 28

Format: PDF, EPUB & Kindle Edition

Publisher: Grin Verlag

Release: 2020

ISBN: 3346053970

Description: Seminar paper from the year 2018 in the subject Business economics - Business Management, Corporate Governance, grade: A, Kenyatta University, language: English, abstract: Risks are inevitable in any business organisation. In this case, a company must put in place comprehensive measures to address various types of risks that a company may face. A senior manager of any organisation has a significant role to play in designing risk management strategies for the company. This report is, therefore, about the role of senior management in risk assessment, development of the company's risk management strategy, communication and ressourcing risk management strategies and the evaluation of outcomes. Risk management can be defined as the process of identifying, evaluating and prioritising risks supported by a well-coordinated efficient investment of ressources to minimise, monitor and control the probability of the occurrence of the unfortunate events and maximise attainment of opportunities. Risks originate from several sources, such as uncertainty in the financial markets, threats of project failure, legal issues, accidents, credit risks, and natural occurrences, among others. There are also cases where some events that have never happened before can occur, such as 9/11 terror attacks. These risks are referred to as unforeseeable risks. According to Nassim Taleb, unforeseeable risks are events, which are the rare but high impact on the business or organisation. In the contemporary business environment, inventions, such as social media and natural issues, such as global warming can have a massive impact on business thus the management should prepare for such issues or events appropriately. Risk management, therefore, encompasses strategies adopted by the organisation to ensure that the negative effects of these uncertainties are limited by avoiding, reducing, transferring or accepting the risk. However, risk management initiatives must also consider strategic risks. BasicaWe have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Risk Management Strategies and the Role of Senior Managers. To get started finding Risk Management Strategies and the Role of Senior Managers, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

Risk Management Strategies and the Role of Senior Managers

Risk Management Strategies and the Role of Senior Managers

More Books

The role of Marxism in the archaeological interpretations of past societies

The role of Marxism in the archaeological interpretations of past societies

The Use of Drugs in UK Prisons. A Policy Report

The Use of Drugs in UK Prisons. A Policy Report

Market Entry Alternatives For International Marketing

Market Entry Alternatives For International Marketing

The Effects of changes on the number of high networth individuals on the Superyacht Industry

The Effects of changes on the number of high networth individuals on the Superyacht Industry

What establishes an excellent nurse?

What establishes an excellent nurse?

Marijuana legalization. Positive and negative effects of marijuana for medical purposes

Marijuana legalization. Positive and negative effects of marijuana for medical purposes

Differences between Marshall Plan in Germany after Second World War and Iraq's reconstruction aid after the Gulf War

Differences between Marshall Plan in Germany after Second World War and Iraq's reconstruction aid after the Gulf War

Appropriation of global influences to the South African film production

Appropriation of global influences to the South African film production

Polarization in the contemporary United States

Polarization in the contemporary United States