Students Name Tutors Name Course Date Risk Assessment. Risk assessment usually refers to the process identifying evaluating and estimating the level of potential that may affect a particular activity or project undertaken by an organization. Risk assessment helps an organization to identify various potential risks that may affect the business hence developing appropriate preventive and control measures to deal with the risks. This helps in minimization of risks which may affect the profitability and smooth running of the organization. In accomplishing this task a risk assessment report is needed. The risk assessment report provides the potentials risks their possibility of occurrence as well as the various actions that can be taken to control/prevent or minimize the risks (Stuart 2015 p.50). Therefore this paper mainly focuses on providing a risk assessment report for a rapidly growing investments seminar company. This is done using the Risk Exposure Calculator. This addresses an operations and therefore a high level of risks (Simons Robert 1999 p. 85-95). In conclusion risk assessment plays a very significant role in identification and evaluation of potential risks hence determining the appropriate measures and actions to control the risks. The level of various risks is measured using the risk exposure calculator. This is based on various internal pressures including pressure due to growth pressure due to culture as well as pressure due to information management. Work Cited. Hopkin Paul. Fundamentals of risk management: understanding evaluating and implementing effective risk management. Kogan Page Publishers 2017. Lam James. Enterprise risk management: from incentives to controls. John Wiley & Sons 2014. Simons Robert. "How risky is your company?" Harvard business review 77 (1999): 85-95. Stuart Domini. "Risk assessment." Company Director 31.5 (2015): 50. Wackers P. J. H. et al. "Performance risk assessment–application example for large atria." REHVA Journal 2016.04 (2016): 40. [...]
Assessment Description Assessment Information Subject Code: Subject Name: Assessment Title: Weighting: Total Marks: Page Limit: Due Date: MBA402 Governance, Ethics and Sustainability Risk Assessment 30% 100 6 pages Monday of Week 12, 11.55pm AEST . You are required to read the following journal article: 1. How Risky is Your Company? HBR. May-June 1999 hbr.org Ensure you click on the ‘Read More’ link to view the Risk Exposure Calculator. You are also required to read a fictional case study based on the operations of a rapidly growing investments seminar company that will be provided to you in class and via email. You must then prepare a risk assessment report on the investments seminar company using the Risk Exposure Calculator and specifically address: A. Pressure points due to growth i) pressure for performance ii) rate of expansion iii) inexperience of key employees B. Pressure points due to culture i) rewards for entrepreneurial risk taking ii) executive resistance to bad news iii) level of internal competition C. Pressure points due to information management i) transaction complexity and velocity ii) gaps in diagnostic performance iii) degree of decentralised decision making .