StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Peer Response DQ1JB and DQ2ZH - Essay Example

Comments (0) Cite this document
Summary
For instance risk management can be used to evaluate the environmental risks that can negatively affect a company. Locations that are prone to natural disasters such as earthquakes,…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.6% of users find it useful
Peer Response DQ1JB and DQ2ZH
Read TextPreview

Extract of sample "Peer Response DQ1JB and DQ2ZH"

DQ1 I agree with you that risk management can be used to minimize bad outcomes for a company. For instance risk management can be used to evaluate the environmental risks that can negatively affect a company. Locations that are prone to natural disasters such as earthquakes, hurricanes, tornados, volcanoes, and floods are places that must be carefully studied prior to penetration. A way to mitigate the risk of damage caused by natural disasters is for companies to purchase insurance protection. “Insurance and other risk financing strategies are viewed as efforts to recover from negative income shocks through risk pooling and transfer” (Bayer & Mechler, 2008). Another good comment in your response that I liked is that companies that use risk management are efficient at optimizing. Complying with production methods such as Six Sigma can optimize a production line. “Six Sigma at many organizations simply means a measure of quality that strives for near perfection” (Dickerson, 2004). Legal mitigation is a risk management practice because it can lead to out of court settlements that save companies from incurring in bad press that hurts the corporate image of the company. Multinational corporations have to be adept at risk management due to legal, regulatory, and culture factors that make each country unique. Jones Paul George once said, “It seems to be a law of nature, inflexible and inexorable, that those who will not risk cannot win” (George).
DQ2
I agree with your premise of complying with regulations and implementing risk management initiatives can be useful for an organization. In the chemical industry it is imperative to have superb security measures. Implementing risk management techniques is more effective when the executive management team supports prevention and well-being programs. Companies must establish contingency plans to be prepared to deal with any type of situation or scenario that is considered a business risk. Another type of risk that must be dealt with as part of a risk management program is financial risk (Guzman, 2012). In your response you mentioned CRM tools can be used effectively to lower risks. The utilization of CRM can be used to improve the relations with the customers of the company (Crm, 2012). Improving security measures is a risk management technique that protects the assets of a company. A good risk management focuses on three areas: human resources, physical resources, and financial resources (Corbett, 2004).
References
Bayer, L., Mechler, R. (2008). Insurance against losses from natural disasters in Developing Countries. Retrieved May 18, 2012 from http://www.infoworld.com/t/business/optimizing-business-processes-867
Corbett, R. (2004). A View of the Future in Risk Management. Risk Management and International Journal, 6(3). 51-56. www.ask.com/web?q=Business+risk&search=&qsrc=0&o=10148&l=dis&locale=en_US
Crmtrends.com (2012). CRM Trends. Retrieved May 18, 2012 from http://www.crmtrends.com/
George, A. Famous Quotes. Retrieved May 18, 2012 from http://www.inarm.org/?page_id=400
Guzman, O. What is business risk? Retrieved May 18, 2012 from http://smallbusiness.chron.com/business-risk-96.html
Dickerson, C (2004). Optimizing Business Practices. Retrieved May 18, 2012 from http://www.infoworld.com/t/business/optimizing-business-processes-867 Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Peer Response DQ1JB and DQ2ZH Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Peer Response DQ1JB and DQ2ZH Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/management/1597026-peer-response-dq1jb-and-dq2zh
(Peer Response DQ1JB and DQ2ZH Essay Example | Topics and Well Written Essays - 250 Words)
Peer Response DQ1JB and DQ2ZH Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/management/1597026-peer-response-dq1jb-and-dq2zh.
“Peer Response DQ1JB and DQ2ZH Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/management/1597026-peer-response-dq1jb-and-dq2zh.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Peer Response DQ1JB and DQ2ZH

Peer to Peer

.... Thus provides a set of nodes if connected by peer. The BOINC platform consist a website that help to maintain the membership and allocate other computer related task. The log in system, account management and payment is managed by the Skype that contains a centralized website. In order to transmit content or other computer applications, resource-intensive is utilized. In fact, centralized P2P system can give organic growth and plentiful resources. However, the same degree of scalability and resilience is not offered. This is due to the availability of potential bottleneck controller forms and initial attack point. The individual organization with the help of controller can easily manage the partly centralized P2P...
6 Pages(1500 words)Research Paper

Stalinism and Leninism

5 Pages(1250 words)Essay

Feliz Navidad

3 Pages(750 words)Essay

Management Concepts

7 Pages(1750 words)Essay

Technological Determinism and Media Determinsim

2 Pages(500 words)Essay

Exercise and Good life

2 Pages(500 words)Essay

Peer response

... Peer Response Earthquakes are indeed occurrences that send shivers down many individuals in their mention, considering the damage that is usually associated with them. Studies have identified a number of factors as the causative agents of earthquakes with fracking as one of them. Such a cause has had scientific backing with transform plate boundaries sliding past one another, resulting into land disturbances on areas around the transformed plates, an aspect considered as the greatest contributor towards the occurrence of earthquakes as contributed to by fracking. The above aspect is indeed a true claim supported with logic. Fracking indeed has various perspectives from which it can be viewed. Whereas some see fracking as a very...
1 Pages(250 words)Assignment

Peer Response

...Peer ResponseResponse to O.R.’s Post: One strongly agrees with the contention that, although the experimentation was deemed to be not typical, yet feasible; the fact that there is a perceived unfairness and inequality in implementation makes it subject to ethical concerns for social and behavioral disciplines.As recognized, the findings from the study showed significant advantages for low-income tenants who had been accorded with the privilege of a legal counsel. As such, the provision of a legal counsel was confirmed to have increased the chances of being provided with rent abatements and reimbursements for fund spent for repairs. Therefore cases sharing similar characteristics with...
1 Pages(250 words)Article

Giottos and Jan Van Eyck's Art

2 Pages(500 words)Research Paper

Peer Response

...Peer Response al Affiliation Peer Response Response to Post mate The research question which aimed to determine responses from both, employees and employers, regarding possibilities for sustaining addiction or trauma is actually an interesting and relevant topic in contemporary times. It is true that despite a wealth of information available on the subject matter, there still remains vast challenges on preventing addiction or violence that leads to trauma. However, in reviewing the survey questions that were indicated, I observed that these questions focused more on alcoholism, rather than abusing drugs. Therefore, I suggest that since...
1 Pages(250 words)Book Report/Review
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 Essay on topic Peer Response DQ1JB and DQ2ZH for FREE!

Contact Us