Managing Organizational Risk - Assignment Example

Comments (0) Cite this document
Summary
Risk Management involves the process through which an organization perceives and anticipates the risk or the potential of their activities to causing harm or loss. Risk management also includes monitoring an…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
Managing Organizational Risk
Read TextPreview

Extract of sample "Managing Organizational Risk"

Download file to see previous pages 7). There are many forms of risks in any organization today chief among them being the information security risks. The ever-growing number of technically well conversant users, as well as the easily available internet to most of the world population, today makes it increasingly riskier in this aspect. For this reason, the need to protect information and other related details has become one of the most important parts of organizations today. In response to these risks, a large number of organizations today have established various security plans and programs that facilitate the prevention and handling of a myriad of growing threats and intrusion activities. These programs have been phenomenal in protecting most organizations from potential vulnerabilities and threats. However, it is worth noting that these programs may not always be efficient in handling the respective risks, and thus more plans are continuously being added to reinforce the risk protection of the organizations today. In this light, many organizations are quickly adopting a method of developing their own Computer Incident Response Teams (CIRT) or even opting to outsource in this field. Simply put, a CIRT provides organizations with a well-structured and a clearly defined plan that deals with probable threats and incidents.
A CIRT is an organizational entity typically made up of several staff members that is tasked with the responsibility of providing management of incidents in an organization. The CIRT coordinates and supports incidence response by handling incident activities. The role of a typical CIRT plan in an organization include;
Disseminating information about the current attacks, threats and risks while also corresponding mitigation strategies through modes such as providing advisories, alerts and other technical publications.
The CIRT also maintains and stores ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Managing Organizational Risk Assignment Example | Topics and Well Written Essays - 2000 words”, n.d.)
Retrieved from https://studentshare.org/information-technology/1682349-managing-organizational-risk
(Managing Organizational Risk Assignment Example | Topics and Well Written Essays - 2000 Words)
https://studentshare.org/information-technology/1682349-managing-organizational-risk.
“Managing Organizational Risk Assignment Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/information-technology/1682349-managing-organizational-risk.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Managing Organizational Risk

Managing Change by Managing Risk

...in case of ordinary organizational performance. However, there exist some risks in every company, which need to be managed effectively in order to make the changes successful. In this paper, we will discuss how managers of construction companies can manage organizational change in the companies by managing risks. We will also discuss the role of risk management in managing organizational changes. 2. Organizational Change Before going to discuss how change can be managed by managing...
12 Pages(3000 words)Essay

Managing change by managing risk

...? Managing change by managing risk Executive summary The proponent integrates the whole idea about managing change by managing risk through the discussion of the essential concepts about change, the necessity for change, the risks associated with change, and even successful risks management towards a victorious change. It is found that change is a risky option of an organization, but in order for it to succeed; a manger or a leader must learn to understand some remarkable issues associated with change. One important issue that needs to be considered is about understanding the probable...
11 Pages(2750 words)Essay

Managing Organizational Change

...?Week forum: In your Original Post discuss either negative or positive changes you've seen in your organization since the economic downturn that began December 2007.  Refer to Table 1.1 in the text and select one or more that apply to the change you are discussing.  Include your reactions/impressions about your organization's change and whether/how it affected you, other employees, production, etc The economic downturn that began in December 2007 had immense repercussions on my organization. Following recession, my organization went through organizational downsizing. The step undertaken was a management strategy to promote organizational efficiency in the light of recession. It was taken...
5 Pages(1250 words)Essay

Identifying and Managing Risk

...of the company. The economic risks are the areas of uncertainty created as a result of volatility in political and financial conditions (Kallman, 2007). These risk exposures are mainly due to the changes in macro and micro economic conditions. The economic risks take the form of interest rate risk, foreign exchange risk, etc. The risk exposures may be pure which results in a loss of values or speculative which may either result in a gain or loss. The popular risk management tools proposed by the author are risk surveys and checklist. The survey and checklist are important tools to build...
3 Pages(750 words)Research Paper

Managing Organizational Change

...? Managing Organizational Change in the Financial/Banking Industry Table of Contents Introduction 3 Background 4 Management theory for Organizational change 5 Systems Practices for Organizational change 6 Recommendations 9 Conclusion 11 References 12 Managing Organizational Change in the Financial/Banking Industry Introduction Research technique to evaluate organizational change lays substantial emphasis on individuals considered active participants in the change process; thus, their performance is measured effectively (Kezar, 2001). On the other hand, the leaders acquire ability to evaluate change based...
10 Pages(2500 words)Term Paper

Managing Resources

...Managing Resources: Doman Synthetic Fibres plc (B) Introduction The success of an endeavor is measured in terms of how efficient and effective the means are instituted to achieve the specified goals. The determination of a suitable strategy for a company begins in identifying the opportunities and risks in its environment. The environment of an organization in business is the pattern of all the external conditions and influences that affect its life and development. According to Boxall & Purcell (2003), “strategy is not the same as strategic plans. Strategic planning is the formal process that takes place, usually in larger organizations, defining how things will be done. However strategy exists in all...
20 Pages(5000 words)Essay

Is Capitalism a Driving Force of Consumerism Globally

8 Pages(2000 words)Essay

Db1 managing organizational change

...McDonald’s Corporation McDonald’s Corporation McDonald’s Company or corporation operates and franchises McDonald’s cafes or restaurants in the world’s restaurant industry. All cafés are operated either by the firm or by franchisees under developmental licensees and franchise agreements globally. It is one of the best-known fast food brands. For years, the company has been resilient to slow economy as compared to other fast food companies. Its success and resilience has been attributed to good leadership. Of the four functions of management, McDonald’s leadership has used the planning and organizing functions effectively in order to remain the most profitable fast food restaurant in the world. In order to maintain...
1 Pages(250 words)Research Paper

Ip3 managing organizational change

...groups. Long term strategies involve process strategies such as quality circles, surveys and career training and structural strategies such as firm restructuring, management by objectives and job redesign. Organization change process is also determined by the resource mobilization capability of an organization; this can range from human resources, financial resources and physical resources. An organization should motivate the employees to derive the best output from their efforts; this can be through offering financial benefits and fringe benefits. Tools of performance are vital instruments to ensure progressive change process is within the firm. Executive should be at hand to ensure that all change components are...
1 Pages(250 words)Research Paper

Managing Performance

...Insert Managing Performance Performance Management involves creating a system that encourages the constant improvement of organizational procedures and of individuals’ capacities, behavior and input at work. Managing performance revolves around the functions and efficiency of line managers in creating objectives and revising or improving the efficiency of their employees. In most cases, a Performance Management and Development System is the unit mandated to carry out the formal oversight and updating of this information. As such, managing performance establishes shared knowledge on what awaits in the achievements list as...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Managing Organizational Risk for FREE!

Contact Us