Operational risk management

Taking risks is often a part of everyday life, the hard part about it is deciding to take them or not. The fictional novel Lyddie by Katherine Paterson. It is all about a girl (named Lyddie) who has to work in a factory to pay off her mother’s debt but the working conditions are not that good, so she is thinking about signing a petition to try to get better working conditions, if she does she has the risk of getting blacklisted. Should she take the risk. Although some people think Lyddie should…

Christopher Bergland gets it. In his article “What drives Extreme Athletes to Risk Lives,” he states “The need for achievement personality trait is characterized by an enduring and consistent concern with setting and meeting high standards of achievement. This need is influenced by internal drive for action (intrinsic motivation)…

1. What is inflation risk? Inflation risk, also called purchasing power risk, is the chance that the cash flows from an investment won't be worth as much in the future because of changes in purchasing power due to inflation. 2. What are opportunity costs? the loss of potential gain from other alternatives when one alternative is chosen. Give an example of an opportunity cost. Choosing to get food and loosing the chance to see a movie is an example of opportunity cost. 3. What is the time value…

Risks Taken by Becky Thatcher The book The Adventures of Tom Sawyer by Mark Twain conveys the concept of Risk vs. Reward very well. A risk is a choice made involving either a reward or consequence. A reward is the outcome that involves earning something you felt was necessary to expose yourself to possil danger for. A consequence is a dreadful result that occurred from a deteriorated risk. Becky Thatcher from The Adventures of Tom Sawyer, conducts many risks throughout the book. She is a young…

Introduction In business studies, risk management refers to the projection and assessment of financial threats plus the identification of procedures to eliminate or eradicate their impact on an organization. In this evolving world, taking risks is mandatory for the growth and development of any business. However, the risks taken might have impacts on the future of the business. The impacts can either be positive or negative. Regardless of the nature of impact, it is the role of the organization…

After understanding the ethical dilemma, the problems involved, and the ethical and legal obligations of Clare, she should obtain consultation, or supervision, from a trusted colleague. Much of the research cites the importance of consultation and supervision regarding ethical decisions (Gonyea et al., 2014; Herlihy & Corey, 2014; Levitt et al., 2015). These types of relationships create a safe space for counselors to work through their dilemmas while being guided by a colleague. This outside…

better way. For example company can relate the increase in financial performance with low truancy but still the reason of failure to appear will remain unknown. According to the analysis of the relationship between company efforts and outcomes, managements were able to refine their existing process. This suggests that even though companies’ profit is increasing because of low truancy but, only because of non-financial technique the company is able to determine as to why the employees do not want…

best interests. Nurses make decisions on a daily basis from the most basic actions to complex and often difficult decision. Decision-making involves critical thinking and critical analysis they are important as they make the nurses into competent management skills Jones (1996). In my practise setting I was given the…

Alcohol may seem to be very innocent to people and a way to socialize with others even though that at times can be true it can also be very harmful and in some cases dangerous. Studies show that impulsivity has long been considered a risk factor for harmful alcohol use. Advances in neurocognitive models of impulse control have allowed substance abuse researchers to understand how dysfunction of specific cognitive mechanisms underlying behavioral control can contribute to substance use (Fillmore,…

delinquency, alcohol and drug abuse, and risky sexual behavior pose a major health risk as well as a threat to adolescents ' further psychosocial development (Melkman, 2015). Risk factors experienced early in life can expose youth to risk taking behaviors that may have negative impact and decrease the chances of them having a health and happy life has they transition from childhood into adulthood. Assessing these risk factors that youths are exposed to is important to determine if sufficient…