Systemic risk

Michelle, 26, and Jorge, 29 having been dating approximately 4 almost 5 years. She is from Ecuador and he is from Peru. They both felt in love when they meet for the first time at the University they both attend in Miami, Florida. As their fifth anniversary, approximate they have plans to celebrate it in a different way so for that they have planned to take a trip to Cancun, Mexico. But, in order to get the preparation started they are debating whether to take an airplane or to simply make it a…

Both quotes carry as much weight today as they did when they were first given. In order for any individual or government to make a proper decision, they require an adequate amount of information about the topic of the decision. Without this information it is impossible to determine what the outcome of your decisions could be. For a corporation this could mean going bankrupt, but for a government, this could be a major impact on your citizens or citizens of other countries. Say for example that…

Leaders in an educational organization are constantly involved in the decision-making process to solve routine challenges and problems of practice in an effective way to achieve an organizational goal. “Effective leaders try to quickly identify the cause of the problem, and they provide firm and confident direction to their team as they cope with the problem.” (Yukl G, 2012, p.70) It is, therefore, important for leaders to recognize the nature of the problem and then act accordingly to solve it…

2006 FIFA World Cup in Germany, an economic boost of $12.5 billion (USD), 26 billion in television audience, and 18 million visited the fan zones and 5 million international tourists. Even though mega events produce numerous benefits, there is a major risk in hosting a mega event. Since 9/11 there is a need for higher security presence which cost the 2004 Athens Summer Olympics $1.5 billion (USD). “Sports mega-events not only give rise to major economic and socio-cultural opportunities for the…

parents which would influence the recommendation. My recommendation is to sell the idea to local clubs and eventually expand into more markets in the future. This idea would allow Jonathan to generate consistent revenue with a relatively low amount of risk Decision Criteria and Alternatives The most ideal solution would meet all these criteria: • Generate profit and revenue • Prevent competitors…

Risk management primarily refers to the risk of life that an organization must account and conduct procedures for, implying that the risk is already present and not created by the organization’s decisions which grants a protective coating for the consequences of the risk to be hidden. Risks can be managed in one of three categories: preventable risks, strategy risks, and external risks; which are categorized based on the level of controllability an organization can take accountability for.…

Decision Making Strategy Life is full of decisions. Some decisions are minor. For example, choosing products at the grocery store, like which flavors of ice cream should I pick? However, other decisions are essential. For instance should I get married or should I move and take the new job? Therefore, the quality of the decisions may dictate the quality of your lifestyle. According to CDMP It seems that when I am required to make a decision, I immediately begin dealing with it, without…

very uncomfortable place. If leaders do not handle this carefully, uncertainty avoidance can have a strong negative influence on employees’ loyalty, and employees can be easily demotivated. One of the best ways to avoid this is to measure employees’ risk tolerance by creating a company event that creates uncertainty issue as a testing. Another way is to have employees answering some sort of personality questionnaires when they first enter the company. That way leaders can have a better…

emotions are not produced from the process of decision making, they can distort an individual’s perception about various decisions. For instance, a pivot set of studies found out that people who read a happy article make more optimistic judgements about risk of future consequences of an irrelevant subject than people who read a sad article (41). Several studies have found that when people try to predict their future feelings they project their current feelings and consequently their current…

Be Bold “It is only by being bold that you get anywhere. If you are a risk-taker, then the art is to protect the downside.” - Richard Branson. From Abraham Lincoln to Colin Kaepernick, bold actions are taken everywhere and every day. It takes someone with true courage to do something revolutionary, because the possibilities of the outcomes are endless. Regardless of whether the result of the action is good or wasn’t as great as it was planned to be, I believe that it was worth it. To…