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

Risk management - Research Paper Example

Cite this document
Summary
Crisis represents a condition that poses a fundamental threat to a system’s stability, questioning the major assumptions of the formation of the business and risking derailing the goals of a company. It is critical, however, to determine how a company re strategizes to restore…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.3% of users find it useful
Risk management
Read Text Preview

Extract of sample "Risk management"

Download file to see previous pages

nstance are events that create potential threats and uncertainty to an organizational priority, while at the same time tainting the overall reputation, image and identity of that organization. Communication crises, on the other hand involve the visual, written, printed or verbal interaction that an organization has with the target audience probable after the occurrence of a crisis. Crisis management, therefore, is a process that involves a company dealing with certain critical events and uncertainties that threaten to harm or disrupt the organizational working course, the public and the company’s stakeholders.

Crisis management is a practise that begun in early 1980s after several multinational companies encountered defining moments that led to several business closures worldwide. In public relations, crisis management plays a fundamental role. Nevertheless, it is important to understand the management of crisis by identifying the different types of crises that may befall a company. Crises are disasters that characterize the actual cause of operational difficulty in an organization. A number of types of disasters or crises are possible in several industries (Ushanov, 2010).

Natural disasters are caused by exceptional natural conditions like floods, tsunamis, hurricanes, earthquakes, tornadoes, droughts, poverty, and storms. Technological crisis arise from human activities concerning scientific application s that may be faulty. Unlike in the natural disasters, it is possible to hold individuals accountable for technological mishaps. Organizational crisis are those that involve disorganization in the organizational workplace, commonly arising from deception, misconduct and inappropriate managerial skills.

Other types of crisis include the rumours, confrontational crisis, terrorist attacks and violence in the workplace. It is extremely hazardous for companies to overlook the possibilities of crisis befalling their organization. The uncertainties and threats that

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Risk management Research Paper Example | Topics and Well Written Essays - 3500 words”, n.d.)
Risk management Research Paper Example | Topics and Well Written Essays - 3500 words. Retrieved from https://studentshare.org/management/1694387-risk-management
(Risk Management Research Paper Example | Topics and Well Written Essays - 3500 Words)
Risk Management Research Paper Example | Topics and Well Written Essays - 3500 Words. https://studentshare.org/management/1694387-risk-management.
“Risk Management Research Paper Example | Topics and Well Written Essays - 3500 Words”, n.d. https://studentshare.org/management/1694387-risk-management.
  • Cited: 0 times

CHECK THESE SAMPLES OF Risk management

Risk management plan

Name: Course: Instructor: Date: risk management in Campaigns Campaigns involve a management strategy that comprises of risk management in the investigation of various human right abuses; hence serves as a watchdog for an organization on the ground.... The risk management strategy also explains and outlines specific responsibilities that the campaigners should take into consideration in responding to various threats posing dangers for their project....
3 Pages (750 words) Essay

Software Risk Management

The essay "Software risk management" states that Large information systems projects are complex and resource consuming.... risk management (Place after Top Management Support)IT professionals and specialists are considered optimists and often assume that everything will go smoothly and as planned (Wiegers, 1998).... In order to prepare for potential risks on the project and its implementation, the project management team shall create a formal risk management process....
1 Pages (250 words) Essay

Risk Management Plan

It is important for the project management to agree all deliveries and specifications with vendors in order to avoid delays faults issues and delays.... Still, in come cases vendors can deliver low quality spare parts and raw materials which create a risk for the project and schedule....
4 Pages (1000 words) Essay

Risk-Management Policy

This paper “Risk-management Policy” describes a risk-management policy that will be utilized by a large multi-international corporation in addressing the security breaches that have been affecting them in the past.... It describes the mitigation strategies that will be utilized by the company....
2 Pages (500 words) Essay

Project Risk Management

The paper under the title 'Project risk management' focuses on a project which must be constantly monitored by the developers in order to make sure that it is meeting the objectives put forth by the end-user.... risk mitigation strategies are used to analyze and report unplanned changes.... Without effective risk mitigation strategies, a project will collapse or will lead to unexpected results because of the unanticipated changes (Royer, 2001, p....
1 Pages (250 words) Essay

Assets and Risk Management

The weaknesses are considered from an external and internal viewpoint by asking questions like, do people see weakness that the management does not see and are the organizations competitors doing any better than the latter?... The employee's management in an organization looks deeply at a realistic opportunities that are ahead of them and the trends that are of interest to the entity.... The weakness of an organization is looked at by looking at what should be improved in the organization, what the organization does poorly and what should be avoided that place the company at risk of losing its customers....
3 Pages (750 words) Assignment

Event Risk Management Drills

The risk management team should ensure emergency power backups and phones are put in place to cater for emergences when need arises.... The New York New Years Eve is one hectic event to be managed by any event risk manager.... All this pose a high chance of medical injury (Tarlow, 2002). In event risk This is coordinated by the risk manager who controls the number of medical personnel to be present as well as the amount of equipments to be used....
6 Pages (1500 words) Assignment

Risk Management Brochure

In Denver, the sum of murders risk management for Murder Affiliation risk management for Murder Number of murders that occurred in your hometown of Denver, CO last yearDenver's homicide tally for the year 2009 was the second lowest since 1964 and the lowest for the year 2009 since 2000, after an encouraging national and state trend of declining violence in the major cities (Holmes, 2012).... Explain the appropriate role of risk management and risk reduction strategies in everyday life....
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.
Contact Us