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

Discuss the four core strategies that underpin the modern concept of Risk Management and Control. Relate these core strategies to practical security - Essay Example

Comments (0) Cite this document
Summary
Risk management involves a structural and a sequential method of dealing with uncertainties and risks involved, and since these risks pose a potential threat, it is crucial to plan ahead of time on how to avoid these threats, and more so, strategize on how to resolve the crisis…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.5% of users find it useful
Discuss the four core strategies that underpin the modern concept of Risk Management and Control. Relate these core strategies to practical security
Read TextPreview

Extract of sample "Discuss the four core strategies that underpin the modern concept of Risk Management and Control. Relate these core strategies to practical security"

Download file to see previous pages xecuted in a variety of ways, which comprises of strategies including the transfer of the risk toward another party, avoiding any such risks beforehand, reduction of the after-effects and consequences of the risk once it hits the organization or in another case, accepting the consequences posed by a risk. Also, the nature of risk management depends on the kind of risk posed on an organization, i.e. in case of a physical risk; the risk management would involve analysis of potent risks on property of the organization, while financial threats may be resolved by considering insurance options etc. Also, the threats may be initiated from many different sources, for instance, there may be environmental, technological, and political or in some cases even organizational threats involved, which the manager may have to deal with.
Prior to the execution of the risk management, assessment of the risk is quite crucial. This involves the analysis over the extent of the severity of any kind of potential loss which may occur or the chanced of the occurrence of the loss. The manager must measure the value via various indicators he/she might come up with during the analysis. However, if the statistical data is available for the cause, this would be an ideal situation, as the risk assessment in this case would be the most accurate one. Risk assessment, here, implies that the manager undertakes the holistic view of the organization, considering the resources, internal and external environment, along with the market conditions and any other factors which must be taken into account to make a prediction on what kind of threats may affect the organization. Based on this analysis, the manager clearly identifying the nature and the extent, also the probability if the threats which the organization may have to face in the future. Once the analysis is conducted, the manager can then consider the options and then take considerable time to choose the most desirable options to avoid any kind of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Discuss the four core strategies that underpin the modern concept of Essay”, n.d.)
Discuss the four core strategies that underpin the modern concept of Essay. Retrieved from https://studentshare.org/miscellaneous/1613181-discuss-the-four-core-strategies-that-underpin-the-modern-concept-of-risk-management-and-control-relate-these-core-strategies-to-practical-security
(Discuss the Four Core Strategies That Underpin the Modern Concept of Essay)
Discuss the Four Core Strategies That Underpin the Modern Concept of Essay. https://studentshare.org/miscellaneous/1613181-discuss-the-four-core-strategies-that-underpin-the-modern-concept-of-risk-management-and-control-relate-these-core-strategies-to-practical-security.
“Discuss the Four Core Strategies That Underpin the Modern Concept of Essay”, n.d. https://studentshare.org/miscellaneous/1613181-discuss-the-four-core-strategies-that-underpin-the-modern-concept-of-risk-management-and-control-relate-these-core-strategies-to-practical-security.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Discuss the four core strategies that underpin the modern concept of Risk Management and Control. Relate these core strategies to practical security

Core Concept of Psychology

... and vice versa. Zimbardo, Johnson & McCann (671) recommend the following strategies: (a) coping, which involves taking action to lower or eliminate stress triggers and not just the symptoms and is divided into three categories: problem-focused coping, emotion-focused coping, and cognitive restructuring; (b) psychological debriefing; (c) social support; and (d) subjective well-being. Works Cited Zimbardo, Philip G., McCann Vivian, and Robert L. Johnson. Psychology: core concepts. 7th Ed. Boston: Allyn and Bacon, 2009. Print.... ). Psychologists who use insight therapy believe that people with psychological disorders suffer from an inability to understand disordered thoughts, motives, and emotions that underlie their mental problems, and that...
3 Pages(750 words)Assignment

Risk Management Strategies

...comfort and engender undue confidence." Risk management strategies answer to the concerns of management by assessment and development of an applicable plan to overcome associated risks. This practice allows for proactive decision making to assess what can go wrong, their implications and impacts, and implement strategies to overcome risks. Systematic assessment and responses to risks is often used in management (Kerzner 2006). This allows for management and organizations to have a risk management process that...
6 Pages(1500 words)Term Paper

Social Work Intervention On Parents Who Are Drug Users

..., there are still a few things which it's lacking- such as lack of critiquing. You have made a number of good points throughout the chapter but have not challenged them points by adding a criticism from another/other sources which is needed. You need to explore values which underpin practice in relation to drug using parents, and consider the degree to which these concur with social work values. Ethical considerations will need to be present in the discussions around values and the research the paper has discussed. Service users should be a core thread incorporated throughout, considering service user rights and their views. Could you...
47 Pages(11750 words)Dissertation

The Concept of the Core Executive

...as discussed here, the core executive functions according to policy networking and policy implementation to bring about necessary changes within the polity. Bibliography Hayward, Jack;Menon, Anand (2003) The Core Executive Governing Europe, pp. 37-39(3) Heffernan R. (2003) Prime ministerial predominance Core executive politics in the UK British Journal of Politics and International Relations, Volume 5,Number 3, pp. 347-372(26) James O. (2004) The UK Core Executive's Use of Public Service Agreements as a Tool of Governance Public Administration, Volume 82,Number 2, pp. 397-419(23) Marinetto M. (2003) Governing beyond...
4 Pages(1000 words)Essay

Four Core IT Applications Paper

...Globalization and the advanced Information technology (IT) has changed the way organizations work and it is essential that they have the system in order to respond to the rapid changes. Health care system is one such area where IT has been extensively used in discharging healthcare service and competing in the global market. Pfizer is one such concern which has automated its processes and found that use IT has fetched it substantial returns. Technology has led to innovative strategy in collaborations and partnerships too. Companies like Pfizer are partnering with technology firms to enhance customer experience. Due to increased demand from customers, companies are opting for customer relationship...
4 Pages(1000 words)Essay

Core

... into being. A rapid rate of urban and industrial growth was accompanied by an impetus for people to work hard with a view to laborers becoming owners. This vision of a productive community was different from the system of slavery where slaves were owned and never had the chance to own anything themselves. Topic 3 The Four Tenets and Great Gatsby 1. After watching the film critically analyze the film and its commentary on the 4 tenets of the American Dream. Please make sure to in detail, and by using specific examples in the film you support your argument/position as to whether the film agrees with each tenet. That is, your job is to critically think and analyze if and why the film agrees or disagrees with each tenet individually... of...
2 Pages(500 words)Essay

Core Subsystems

...Core subsystems Technology systems tend to focus on the difference in the technical-complexity in the products-on-offer. If there are more interfaces in the system, it will possess greater internal and external interfaces. The aspect of memory management has played vital roles in the technology advancements. It has been useful in ensuring that the scheduling process is stable and present in a professional manner. All such processes are in place to ensure that the process execution in the in the central processing unit is kept stable and safe without any effect of thwarting or hacking process. The scheduler policies fail to receive priority from the memory managers. In such scenarios,...
2 Pages(500 words)Assignment

Core Competencies

...Core Competencies Affiliation: Compare the Nurse Practitioner core competencies in the clinical advanced role to the non-clinical advanced roles of a Nurse Educator and Nurse Administrator. Introduction There are several roles a nurse can take up once they complete their studies and these roles are divided into three major categories which are nurse practitioner working in clinical settings, nurse educator and nurse administrator both of which are conducted in a non-clinical setting. The specific roles of each of the three categories will be discussed in detail below. Nurse Practitioner A nurse practitioner is the main role of nursing recognized by many and which many encounter. The main role of a nurse practitioner is diagnosis... in order...
4 Pages(1000 words)Assignment

Core Competencies

...Specialists: a usable framework. Journal of Clinical Nursing, 8, 5, 505-511. Bottom of Form Top of Form Hall, L. W., Moore, S. M., & Barnsteiner, J. H. (January 01, 2008). Quality and nursing: moving from a concept to a core competency. Urologic Nursing, 28, 6, 417-25. Bottom of Form Top of Form De, G. S., Moons, P., Callens, B., Gut, C., Lindpaintner, L., & Spirig, R. (January 01, 2008). Review article - Introducing advanced practice nurses / nurse practitioners in health care systems: A framework for reflection and analysis. Swiss Medical Weekly,138, 43, 621. Bottom of Form Top of Form Bryant-Lukosius, D., DiCenso, A., Browne, G., & Pinelli, J. (December 01, 2004). Advanced...
4 Pages(1000 words)Essay

Impact of Drug Misuse on Parenting Capacity

...in the discussions around values and the research the paper has discussed. Service users should be a core thread incorporated throughout, considering service user rights and their views. Could you please look at social work values in comparison to drug workers values? Discuss social work intervention and does drug usage impact on parenting? What are social work values and ethics in relation to drug misuse and how it could be hindering social work practice? What are current interventions and are they working? Use evidence based practice to answer this and back it up with secondary research only. Integrated working –...
48 Pages(12000 words)Dissertation
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 Discuss the four core strategies that underpin the modern concept of Risk Management and Control. Relate these core strategies to practical security for FREE!

Contact Us