Question

In: Finance

Assume that you are given the responsibility to assess the risks that confront your organization (where...

Assume that you are given the responsibility to assess the risks that confront your organization (where you currently work, if you are not working, the university is your organization) in the next 12 months. Identify the risk factors that are specific to your organization and discuss their potential impacts.

Solutions

Expert Solution

Risks that confronts an Organization in the next 12 months

Situation - The person is working in an IT organization

The risk may be internal as well as external

The internal risk may be because of spam, human error,viruses, malicious attacks(Software and hardware related risks)

The external risk usually happens if the Project of the IT which is working is not performing and it is shut down, there is risk regarding the employibility here.Other risk may be happen because of any disaster, economic depression

The potential impacts of the internal risks will persist for a short duration of time , but still it will give as tension for the people , but it is controllable to an extent

The potential impacts of the external risks will not be controllable like economic depression, disaster , epidemic outbreak etc

Solution for this

- Always plan for the worst

- Avoid cyberliability confusions

-Data privacy maintain


Related Solutions

Assume you are a bank manager. You are given the responsibility of reviewing your bank s...
Assume you are a bank manager. You are given the responsibility of reviewing your bank s liquidity position by top management, as reflected by balance sheet and income statement information. To do this, your assistant assembled the following financial data per your request: Metropolitan Bank Peer Group of Banks Financial Ratios (%) 2001 2002 2003 2001 2002 2003 Net income/total assets 0.8% 0.9% 1.1% 0.8% 0.9% 0.9% Equity capital/total assets 5.5 5.7 6.0 5.6 5.7 5.9 Business loans/total assets 50...
Either where you work, or an organization you are familiar with, do you believe your organization...
Either where you work, or an organization you are familiar with, do you believe your organization uses a flexible or static budget? Why do you think so?
Assume that you have just been promoted to a new position where you have leadership responsibility....
Assume that you have just been promoted to a new position where you have leadership responsibility. You have never had formal leadership responsibilities before, and you wish to maximize the possibility that you will be successful with this new responsibility. Reflect upon the major leadership theories and models that we have learned about in this unit. Develop a Pro and Con list involving at least three of these theories/models. Reflect on each theory and discuss how the theory fits with...
a. How does people with different health risks assess insurance products with a given deductible, and...
a. How does people with different health risks assess insurance products with a given deductible, and explain how supporters of minimizing adverse selection should think about a proposal that all insurance policies should have zero deductibles and coinsurance. b. Does community rating make the policy tradeoffs inherent in above question is harder or easier to manage?
you will assess your organization, use leadership and management theories, systems theories, and what you have...
you will assess your organization, use leadership and management theories, systems theories, and what you have learned about the mission, vision, and values of your organization to describe the culture of the organization. In what ways is there congruence or incongruence among the mission, vision, and values? What are some strengths and what are some weaknesses of the organization? What are some of the challenges that you face as you practice and grow as a leader in this organization? This...
if given the choice, would you prefer to manage in an organization where an individual, team,...
if given the choice, would you prefer to manage in an organization where an individual, team, or group incentives were used? Why? What are the pros and cons of those types of incentives?
Assume that you are preparing a budget for your department or organization. Outline the steps you...
Assume that you are preparing a budget for your department or organization. Outline the steps you would take to prepare the budget, providing specific examples for each step.
Assume that your employer asks you to create a pay for performance plan for your organization....
Assume that your employer asks you to create a pay for performance plan for your organization. 1) Describe your suggested plan. 2) OK, now that you have complied with your employers order, please evaluate the wisdom of using pay for performance in your organization. 3) Defend your evaluation.
Find an organization that can analyze your DNA and generate reports on your health risks and...
Find an organization that can analyze your DNA and generate reports on your health risks and ancestry. Would you use this service? Why or why not?
Discuss the different types of financial and non-financial risks which pertain to your organization (you can...
Discuss the different types of financial and non-financial risks which pertain to your organization (you can also consider any company ). Consider your organisation or the company related to your group industry project, recommend a capital investment project and discuss what value will it add to the firm and should the organisation take up the project or not? (Hint: Use capital budgeting).
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT