isk Assessment is an integral aspect on any business irrespective of industry. Every business has some form of inherent risk embedded within its underlying business operations. This risk, through proper assessment can be minimized and practically prevented under certain conditions. Through proper risk assessments, businesses can abate the influences of danger that ultimately erodes both profitability, and reputation. In addition, risk assessments allow the company to reduce the prevalence of incidents that are within its span of control. In many instances, the risks of doing business are often beyond the corporation's control. isks such as political risk, macro economic uncertainty, consumer sentiments, market turmoil, terrorism, and war are often beyond a corporation's span of control. As indicated in this document, proper steps can be taken to help alleviate many of the above mentioned risks associated with conducting business in the United States. Factors affecting international corporations such as exchange rate…...
mlaReferences
1) Committee on Risk Assessment of Hazardous Air Pollutants, Board on Environmental Studies and Toxicology, Commission on Life Sciences, National Research Council (1994), Science and judgment in risk assessment, Washington, D.C: National Academy Press, ISBN 0-309-04894-
2) Flaherty, Jordan. "Crime and Corruption in New Orleans." Crime and Corruption. Alter.net, 17 Oct. 2005. Web. 16 May 2012. .
3) Gardner, Martin R. "Executions and Indignities -- An Eighth Amendment Assessment of Methods of Inflicting Capital Punishment;" Ohio State Law Journal 96th ser. 39 (1978): 15-23. Print.
4) Hugo Adam Bedau, Death Is Different: Studies in the Morality, Law, and Politics of Capital Punishment (Boston: Northeastern University Press, 1987).
isk Analysis Capital Budgeting
isk Analysis in Capital Budgeting
Capital budgeting entails making various decisions in the management of an organization with the aim of determining expenditures on assets. In most cases, these particular expenditures are those that the management expects that their cash flow might extend within a period of about one year. Capital budgeting is a significant process in the management of an organization because it acts a control tool. This is because all capital expenditures that an organization expects to inquire within a certain period require large investments. However, most of these expenditures tend to be limited by availability of funds. Capital budgeting plays a significant role in influencing an organization's ability to achieve the set financial goals.
Capital budgeting and isks
There is always a possibility of an organization to experience various uncertainties especially if the management fails to recognize the outcome of an event when dealing with assets. The…...
mlaReferences
Baker, H.K., & English, P. (2011). Capital budgeting valuation: Financial analysis for today's investment projects. Hoboken, N.J: Wiley.
Brigham, E.F., Garpenski, L.C., & Daves, P.R. (2010). Intermediate financial management. Mason, OH: South-Western.
Ehrhardt, M.C., & Brigham, E.F. (2010). Corporate finance: A focus approach. Mason, OH: South-Western Cengage Learning.
Jackson, J. (2008). Energy Budgets at Risk (EBaR): A risk management approach to energy purchase and efficiency choices. Hoboken: J. Wiley & Sons.
isk Management
Applications in Hospitals
The concept, usage and learning of risk management phenomenon are important for all institutions in healthcare industry. The most important purpose of risk management in healthcare industry is learning from errors, it is these human errors that pave the way for us to learn prepare and not repeat these errors again. These errors can lead to a medical incident and the learning from them occurs when these incidents are discussed within teams. Most of these incidents are not discussed as individuals and teams tend to suppress these incidents mainly due to the seriousness it carries for the patient and their loved ones, for medical staff and for the hospital. The medical practice demands perfection in analysis and cure, admitting and dealing with human errors becomes difficult for the medical staff. In order to build confidence in staff to come forth and discuss these incidents there is a…...
mlaReferences
Allnutt, M.F. (1987). Human factors in accidents. British Journal of Anaesthesia, 59:856 -- 864.
Baram, M. (2000). "Medical Error And Responsibility In Managed Healthcare," Safety In Medicine, pp. 231-245
Duckers et al. (2009). Safety and risk management in hospitals. Retrieved 3rd September, 2012 from http://www.health.org.uk/public/cms/75/76/313/578/Safety%20and%20risk%20management%20in%20hospitals.pdf?realName=a1pE7U.pdf
Wallace L. et al. (2009). "Feedback from incident reporting: Information and action to improve patient safety," Quality and Safety in Healthcare, 18, pp 11 -- 21.
Risk
In a capitalistic society, risk is often associated with reward. In many instances, it takes risk to garner the large profits and wealth that many entrepreneurs amass over time. It is through this risk that society overall benefits. The vast ecosystem embedded within a capitalistic society requires innovations to better compete in a global environment. Technology, energy, and banking all require new and unique products to cater to a growing international dynamic. Inherently, these activities can be risky. New product launches, for instance, must cater to changing consumer sentiments. The forecast of these changes could have been in error resulting in a monetary loss as oppose to a profit for the company. By taking the risk however society improves by having new and innovative products available when they are demanded. It is therefore my contention that risk, when controlled, is good for society overall. There are however, negative aspects of…...
isk Management
Unfortunately, it has become necessary to address the issue of falls at the healthcare facility by whom I am employed (Facility A). ecently, there has been a rash of accidents all relating to patients falling. The healthcare facility is concerned not only about the injuries to the patients, but, also about the liability issues. For this reason, the facility has taken steps to assess the risks which pertain to falling and address those issues. For the purposes here, those steps will be discussed and the way in which the facility intends to remedy the situation. Further, a review of the existing literature will be conducted to identify methods used by other healthcare facilities to address the extremely common risk of falling in a healthcare facility. Finally, the steps being taken by the healthcare facility at which I am employed (Facility A) will be compared with the valid methods of…...
mlaReferences
Akyol, A. (2007). Falls in the elderly: what can be done? International Nursing Review, 54,
191-196. Retrieved December 14, 2012 from:
http://www.unet.univie.ac.at/~a0400309/MyFiles/DropBox/Alex/sturz%20extrinsic%20f
actors%20wenig.pdf
isk Management
isk and vulnerability analysis
isk can be defined as a prediction of future events and their outcomes and consequences. Initially, as these predictions are being made, there is no guarantee that these event will actually occur. At this point, it becomes vital to apply probabilities in order to determine the likelihood of the event occurring. isk analysis, therefore, is a process of describing risks involved in any situation or organization. Vulnerability on the other hand, tends to focus more on the consequence an event will have on the organization if it occurs. It combines, therefore, the aspects of uncertainty of the event and the consequences that come with it (Lewis, 2006).
Process used to analyze threats
US-VISIT is a department within the Department of Homeland Security (DHS) that enhances the department's mandate of providing security to the citizens of U.S.. U.S.-Visit's main objective is to provide biometric services to other departments and…...
mlaReferences
Aven, T. (2008) Risk Analysis: Assessing Uncertainties Beyond Expected Values and Probabilities. Hoboken, NJ: John Wiley & Sons.
Department of Homeland Security (2004) Privacy Impact Assessment: In Conjunction with the Interim Final Rule of August 31, 2004. Visitor and Immigration States Indicator Technology, September 14, 2004. Retrieved from http://epic.org/privacy/us-visit/us-visit_pia2.pdf
Homeland Security (2012) U.S.-Visit. Retrieved from http://www.dhs.gov/files/programs/usv.shtm
Johansson, J. (2007) Risk and Vulnerability Analysis of Large-scale Technical Infrastructure: Electrical Distribution Systems. Department of Industrial, Electrical Engineering and Automation, Lund University. Vol.1(2)
isk Mitigation
isk mitigatio
To ensure that this project will not overrun the set budget, there is a need to plan properly before the project starts. Planning will minimize the risk of the project extending its set budget Glickman & Khamooshi, 2005.
isk management is vital for this project as it identifies any problems that might occur as the project is ongoing. Identifying potential problems allows the project managers to be prepared for any eventuality. Having a laid out plan in terms of the potential risks would also ensure that when those risks occur all stakeholders are prepared, and they know how to handle the risk oyer, 2001.
Majority of projects fall behind schedule, and this is very risky for any project. A project that fails to maintain its timeline would result in increased costs and resources would be strained.
The towers that need to be upgraded would demand that they be shut down during…...
mlaReferences
Glickman, T.S., & Khamooshi, H. (2005). Using Hazard Networks to Determine Risk Reduction Strategies. The Journal of the Operational Research Society, 56(11), 1265-1272. doi: 10.2307/4102079
Grabowski, M., & Roberts, K.H. (1999). Risk Mitigation in Virtual Organizations. Organization Science, 10(6), 704-721. doi: 10.2307/2640237
Menoni, S., & Margottini, C. (2011). Inside Risk: A Strategy for Sustainable Risk Mitigation. New York / Heidelberg: Springer.
Royer, P.S. (2001). Project Risk Management: A Proactive Approach. 8230 Leesburg Pike: Management Concepts.
isk Management in Corporate Governance:
Corporate governance can be described as the control system that is designed for the purpose of evaluating the company's operations and the potential conflicts of interests between various stakeholders of the organization. The achievement of the significant goals of corporate governance requires the use of a board of directors as one of the vital mechanisms. The board of directors plays a critical role in corporate governance because their main role is to represent the interests of the stakeholders of the organization. Moreover, the main objective of the board of directors is to capitalize on the value of the company or the value of the company's shares. For these board directors, effective risk management is crucial regardless of whether the company is in the main market, second tier market, or other markets. Therefore, risk management is regarded as a relevant aspect for all parties in the corporate…...
mlaReferences:
Adamson, R. (2011, March 22). Corporate Governance, Risk Management and Corporate Social
Responsibility in Emerging Markets: A Symbiotic Relationship. Retrieved from Simon Fraser University website: http://business.sfu.ca/corporate-governance-blog/2011/03/corporate-governance-risk-management-and-corporate-social-responsibility-in-emerging-markets-a-symbiotic-relationship/
Blanchard, D. & Dionne, G. (2003, September). Risk Management and Corporate Governance.
Retrieved March 14, 2012, from http://neumann.hec.ca/gestiondesrisques/03-04.pdf
isk in Business
Every business faces risks, and when appropriately handled, risks typically prove advantageous to businesses for both growth and profit. isks are an ever-changing, fluid element to any businesses, so the constant evaluation and application of risk management methods is critical to the success of businesses. According to Douglas Hubbard, risk management is, "the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events." (2009). In other words, risk management is the practice of identifying risks and deciding how to handle, or whether to handle the risk at all.
There are five common types of risks that businesses face, each of which requires specialized evaluation and decision making. The first category of risk for businesses is strategic risks. Strategic risks are risks associated with operating in a specific line of businesses and the strategies…...
mlaReferences
Ballou, Brian, Heitger, Dan L., and Schultz, Thomas D., (2009). Measuring the costs of responding to business risks. Management Accounting Quarterly. Retrieved July 26, 2010, from rbxcra.2.a.44http://findarticles.com/p/articles/mi_m0OOL/is_2_10/ai_n31641694/?tag=
Collier, Paul, Berry, Nathony, Burke, Gary (2006). Risk and Magement Accouting. CIMA Publishing, Burlington.
Dai, Zhonglan, (2005). What matters more for CEO turnover: Performance or risk? Ph.D. dissertation, The University of North Carolina at Chapel Hill, United States -- North Carolina. Retrieved July 26, 2010, from & RQT=309&VName=PQDhttp://proquest.umi.com/pqdweb?did=997887091&sid=3&Fmt=6&clientId=29440
Flyvbjerg, B. (2006). From Nobel Prize to Project Management: Getting Risks Right. Project Management Journal, 37.3, 5-15.
isk Management in Hedge Funds
A research of how dissimilar hedge fund managers identify and achieve risk
The most vital lesson in expressions of Hedge Fund Management comes from the inadequate name of this kind of alternative investment that is an alternative: The notion that all methodical risks are differentiated away is not really applicable here, with the Hedge Fund returns, in realism, representing a mixture of superior administration of market inadequacies and cognizant contact to some exact systematic risks. Simply the methodical risks that are "unwanted" from a strategic standpoint are expanded away. So, hedge funds, in actual fact, are not completely hedged.
Furthermore, the right measure that is in expressions of risk management contact moves from the jurisdiction of additional risk in contrast to a standard to a total risk method. Having the total return here is what really matters for administrators and depositors and not a contrast of the…...
mlaReferences
Grinblatt, M., Titman, S. (2001). Financial markets and corporate strategy, (2nd ed). New York, USA: McGraw-Hill/Irwin, McGraw-Hill Companies, Inc.
Grynbaum, M. (2007). Bear stearns profit plunges 61% on subprime woes. Retrieved March 16, 2011, from http://www.nytimes.com/2007/09/21/business/20cnd-wall.html?_r=2
Gupta, A., Liang, B. (2005). Do hedge funds have enough capital? A Value-at-Risk approach. Journal of Financial Economics, Vol. 77, 2005, pp. 219-53
Hedgecock, A., Loving, K. (2011). Private Investment Advisers Registration Act of 2010 Heralds Important Changes for Private Fund Managers. Retrieved February 15, 2011, from heralds-important-changes-for-private-fund-managers-07-21-2010/http://www.rbh.com/private-fund-investment-advisers-registration-act-of-2010 -
Risk Analysis
Background- In general terms, risk management is a way to identify, assess and prioritize risks that are associated with a project or organization. The purpose of risk management is to be proactive in improving places or processes within an organization that may have risks that can be mitigated or controlled -- and to do something to minimize those risks and the financial exposure to them. In almost any organization, there are potentials for risk -- within a construction project there may be supply or labor issues; within a small business stock, weather or employee issues; or in other organizations uncertainty in markets, legal issues, credit risks, accidents, natural causes or disasters, deliberate competitive attacks, and a host of other unpredictable cases. So rife are risks for organizations, that standard and have been developed by national and international bodies, insurance agencies, and regulatory agencies to help organizations identify and minimize…...
mlaWorks Cited
Crockford, N. (1986). An Introduction to Risk Management. Cambridge, UK: Woodhead-Faulkner.
Frenkel, M., Hommel, U., & Rudolf, M. (Eds.). (2005). Risk Management - Challenge and Opportunity. New York: Springer.
Gorrod, M. (2004). Risk Management Systems: Technology Trends. New York: Palgrave Macmillan.
International Organization for Standardization. (2009, January). Risk Management - Principles and Guidelines. Retrieved from iso.org: http://www.iso.org/iso/iso_catalogue/catalogue_tc/catalogue_detail.htm?csnumber=43170
Risk and Quality Management Assessment
This analysis focuses on three different types of risks that are commonly associated with a nursing facility.
Risk and quality management is an important aspect to many health care organizations. This is especially true in nursing facilities because of the level of direct patient interactions that occur on a daily basis. There are many potential risks that can emerge and a nursing facility. Three common risks were identified and introduced. One common risk deals with inadequate or ineffective communication and the problems associated with it such as medication errors. Another risk identified was the spread of infections in a hospital setting. The third risk identified was the risk associated with patient falls that are common and especially damaging to elderly patients. Organizations who properly plan for this risks can effectively improve their quality of care and provide an enriched healthcare experience to their patients.
Communication & Medication Error
One…...
mlaWorks Cited
Chami, K., Carrat, G., Lejeune, B., & Rothan-Tondeur, M. (2011). Burden of infections among 44,869 elderly in nursing homes: a cross-sectional cluster nationwide survey. Journal of Hospital Infection, 254-259.
Colon-Emeric, C., Schenck, A., Gorospe, J., McArdle, J., Dobson, L., Deporter, C., & McConnell, E. (2006). Translating Evidence-Based Falls Prevention into Clinical Practice in Nursing Facilities: Results and Lessons from a Quality Improvement Collaborative. Journal of the American Geriatrics Society, 1414-1418.
Federwisch, A. (2007, October 8). Bedside Shift Report Ensures Quality Handoff. Retrieved from Nurse: http://news.nurse.com/apps/pbcs.dll/article?AID=2007710080354
Semin-Goossens, A., van der Helm, J., & Bossuyt, P. (2003). A failed model-based attempt to implement an evidence-based nursing guidelines for fall prevention. Journal of Nursing Care, 217-226.
An organization is considered successful when it places goal commitment as the essential variable. One of the most important advantage that communication has as a risk mitigation tool is that it helps in the execution of safety measures and prevention of accidents as the employees are already been communicated about any problems they could face in the completion of tasks assigned to them. When the managers and authoritative figures workers gain the understanding of the ways that could be used for the organizational support improvement, they strive to make communication about risk management as a major tool for the risk mitigation. Hence, whichever organization makes use of the mentioned tool; it surely gets improved outcomes as a consequence. Other advantages that the discussed mitigation tool of communication has are that "the employee will exhibit support of organizational goals, demonstrate quality job performance, experience reduced strain, have an increased desire…...
mlaReferences
McCune, S.S., Hsiao, R., & Kostelnik, R. (2012). Organizational Support and Communication: A Case Study of a New Risk Management Tool for University Aquatic Supervision. International Journal of Aquatic Research and Education, 6, 215-225.
Stokes, D. (2010). Credit Policy: A Strategic Risic Mitigation Tool. Business Credit, 1, 18-20.
A., MD, and Mermin, J. (2012). HIV infection and older Americans: The public health perspective. American Journal of Public Health, 102(8), 1516-1526.
Cooperman, N.A., Arnsten, J.H., and Klein, .S. (2007). Current sexual activity and risky sexual behavior in older men with or at risk for HIV infection. AIDS Education and Prevention, 19(4), 321-33.
Hutton, H.E., Lyketsos, C.G., Zenilman, J.M., Thompson, .E., and Erbelding, E.J. (2004). Depression and HIV risk behaviors among patients in a sexually transmitted disease clinic. The American Journal of Psychiatry, 161(5), 912-4.
Illa, L., Echenique, M., Saint Jean, G., Bustamante-Avellaneda, V., Metsch, L., Mendez-Mulet, L., . . . Sanchez-Martinez, M. (2010). Project roadmap: eeducating older adults in maintaining aids prevention: A secondary intervention for older HIV-positive adults. AIDS Education and Prevention, 22(2), 138-47.
Linley, L., Prejean, J., an, Q., Chen, M., and Hall, H.I., (2012). acial/Ethnic disparities in HIV diagnoses among persons aged 50 years and older in 37 U.S. states,…...
mlaReferences
Adekeye, O.A., Heiman, H.J., Onyeabor, O.S., and Hyacinth, H.I. (2012). The new invincibles: HIV screening among older adults in the U.S. PLoS One, 7(8), n/a. doi: http://dx.doi.org.ezproxy.fgcu.edu/10.1371/journal.pone.0043618
Brooks, J.T., MD, Buchacz, K., Gebo, K.A., MD, and Mermin, J. (2012). HIV infection and older Americans: The public health perspective. American Journal of Public Health, 102(8), 1516-1526.
Cooperman, N.A., Arnsten, J.H., and Klein, R.S. (2007). Current sexual activity and risky sexual behavior in older men with or at risk for HIV infection. AIDS Education and Prevention, 19(4), 321-33.
Hutton, H.E., Lyketsos, C.G., Zenilman, J.M., Thompson, R.E., and Erbelding, E.J. (2004). Depression and HIV risk behaviors among patients in a sexually transmitted disease clinic. The American Journal of Psychiatry, 161(5), 912-4.
Risk and Leadership
Risk-taking is somewhat different from the perspective of project manager, rather than that of a leader. A leader is dealing with things like vision and strategy; a project manager deals with work breakdown structures and critical pathways. The strategic leader has leeway to take risks, because the details will be sorted out later. The project manager has no such leeway -- the details are critical to the job. The project itself can certainly be based on risks, but the risks inherent in the implementation of a project need to be minimal and calculated.
A project manager does need to exhibit some leadership in the role, but not nearly as much as the strategic leaders in Heifetz, Grashow and Linsky (2009). They discuss leadership in general, and argue that "executives need to set the tone for candor and risk-taking," which again highlights the distinction between the strategic leaders and project…...
mlaWorks Cited:
Dinsmore, P. & Cabanis-Brewin (no date). The AMA handbook of project management. In possession of the author.
Heifetz, R., Grashow, A. & Linsky, M. (2009). Leadership in a permanent crisis. Harvard Business Review. Jul-Aug 2009. 62-69.
Williams, M. (2006). Mastering leadership. In possession of the author.
According to the University of Washington School of Medicine, the obligation for confidentiality is not an absolute one. There are legal regulations that limit a patient's right to privacy, as well as regulations that protect that right. The two main exceptions where you could break confidentiality are: (1) Concern for a specific, identified person other than the patient (this could be a spouse or child, or it could be a person unrelated to the patient in any way). (2) Concern for the welfare of the general public (this is usually seen if the patient is found to have a highly infectious or....
Leasing to someone can be risky. Make sure you charge enough rent, and that you get a good security deposit. Check local laws in your area to find out how much of a deposit you can collect. In some places it's no more than 1.5 times the rent. Other places allow for a larger amount. Check the person's credit, background, and references. Look for problems paying bills, broken lease agreements, and any past criminal history. Also talk to your insurance company. If you're renting/leasing your home, you can't just keep your standard homeowner's policy. You won't be covered if you have....
One weakness of the product life cycle is that it isn\'t set up for innovation. If your product doesn\'t operate for a full life cycle, you\'ll have to replace it over and over. That can be more costly than keeping the product for a long time and then only replacing it when a newer, better model comes along. Another weakness is predictability. That becomes dangerous, because competitors know what each company or individual in competition with them is likely doing. In order to break that knowledge and change the market, a company has to create something completely new and unexpected....
Your thesis statement should be bold, but also something you can back up with facts throughout the paper. If you say, for example, that airline travel is becoming more dangerous, you will need statistics to prove that. You might want to focus your thesis on the risks vs. benefits of air travel, instead. You could use a thesis statement like \"despite the recent disasters occurring in the field of air travel, it remains the safest way for people to get from one place to another.\" As for structure, you could have an intro, information about the most recent disasters, what....
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