Leadership - Wal-Mart - Assignment Example

The paper "Leadership - Wal-Mart" is an outstanding example of a management assignment. The organization believes in aligning the business strategies with the HR practices of the company. The organization categorizes the various risks according to the functional departments of the company. Every department has its own risks and the organization follows the operational risks measurement procedure to identify different new risks.After identification of the risk then risk should be analyzed and assessed.

After the assessment of risk then the plan of action should be decided. After completion of the plan of action, the implementation of risk management should be implemented and monitored. At last, the procedure should be measured or controlled. Question 31) The organization allocates financial resources as well as human resources for risk management operations in the organization. As far as the designing and development of the risk management system are concerned top-level management of each and every functional department and representative of HR departments are responsible for the work.2) Each and every employee of the organization contributes towards the risk identifications.

They keep strict vigil in day to day operational systems of the organization and also follow the business trends of the market for identifying the current or future potential risks.3) Each and every employee should be encouraged to give more improved input and all the employees should be given equal opportunities to share their thoughts. The employee should be much more equip and training for identifying the risk. It will help them to analyze or foresee the risks and their inputs can be improved.4) Inputs of the employees are significantly important because they are directly related to the day to day operational system of the organization.

Employees of the organization perform their duties day in day out. They are very closely involved with the whole business operations irrespective of any functional departments. That is why their inputs are important for measuring reality.