Ask Question, Ask an Expert


Ask Management Theories Expert

problem 1:

Read the given statement and answer the problems that follow.

A certain amount of risk taking is significant if an organization is to achieve its objectives. Those organizations that are more risk aware appreciate that actively managing threats and opportunities provides them with a competitive advantage. Taking risk is the very essence of business survival and growth.

(a) Conceptualise the terms ‘Risk’ and ‘Risk Management’.

(b) Describe what should be done for risk management to be effective in your organisation. Give instances to demonstrate your answer.

problem 2:

Conducting supplier appraisals is the key role of the purchasing professional. Describe how supplier appraisals and pre-qualification of suppliers can assists to mitigate risks.

problem 3:

The management of risk approach comprises the risk management policy, process guide, risk and plan register. Describe the main risk management concepts which need to be considered in establishing these documents.

problem 4:

Management of risk principles are necessary for the development of good risk management practice. Discuss.

problem 5:

In today’s uncertain and turbulent businesses, supply chain vulnerability has become an issue of significance for many companies. Identify and describe the main sources of risks in supply chain.

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M97566

Have any Question? 

Related Questions in Management Theories

Case study - inventory management for pharmaceutical

Case Study - INVENTORY MANAGEMENT FOR PHARMACEUTICAL INDUSTRY Questions- 1. How well do you think the existing inventory control system works? What are the current annual total costs for the selected items? 2. What polic ...

The case company referred to as abc is a leading supplier

The case company (referred to as ABC) is a leading supplier of maintenance, repair and operating (MRO) products to businesses and institutions in the United States, Canada and Mexico with an expanding presence in the Jap ...

Topic name is environment issues and you have to use watson

Topic name is environment issues and you have to use Watson analytical tool. The topic will be on environmental issues. Your main task is to apply Watson analytical tool to develop innovative analytics visualization solu ...

In learning session four each student is to submit a 5

In Learning Session Four, each student is to submit a 5 word-processed Staffing Practices Paper. The paper should contain three sections: Section I: The student should describe the corporate recruitment and selection pro ...

Why would a company use trade secrets to protect their

Why would a company use trade secrets to protect their invention? Wouldn't it make more sense to patent something? See attached document Wolfe Electric, Inc. v. Duckworth as an example. 500 words required. Please add cit ...

Segmentation analysis pmd personal microdermbackground of

Segmentation Analysis: PMD Personal Microderm Background of the product PMD personal Microderm products are at home microdermabrasion products for healthier skin. Microdermabrasion is a non-chemical procedure which remov ...

Question 1 - there is broad agreement that strategic

Question 1 - There is broad agreement that strategic approach to Human Resource Management involves designing and implementing a set of internally consistent policies and practices that ensure a firm's human capital empl ...

Discuss the limitations of the maslows hierarchy of needs

Discuss the limitations of the Maslow's hierarchy of needs theory.

Logistics and supply chain management assignment-individual

Logistics and Supply Chain Management Assignment- Individual Report: Developing a supply chain based on a case study The Scenario: The report will be divided into two sections: the supply chain section and a short open-e ...

Q1 what are performance measurement criteria with respect

Q1. What are performance measurement criteria with respect to quality for assessment of a Supply Chain System as per world class performance system? Q2. Describe the concept of Lean Supply Chain with suitable examples. Q ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate