Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Organizations often give employees additional responsibilities that may be outside their normal activities. Fictitious company KomCat seeks to start an Enterprise Risk Management team, but
- Organizations often give employees additional responsibilities that may be outside their normal activities. Fictitious company KomCat seeks to start an Enterprise Risk Management team, but is not sure hiring full time employees is feasible starting out. The company hired one risk manager and assigned three (3) current employees from different departments to be part of a task force. The employees were told they would be acting as part time risk associates, spending 5 to 10 hours per month on the project. What are the advantages and disadvantages of assigning full time employees additional responsibilities as part time risk associates within their organizations?
- Paying attention to external stakeholders is important for organizations to remain competitive. Identify one organization (not listed in the textbook) whose strategy failed because management did not consider the actions of external stakeholders. Explain the failure and what the company could have done differently. Note: Do not use GM, Blockbuster, Toys R Us, Nokia or Kodak.
- Should organizations need to experience a crisis to prepare adequately for risks? Provide examples not found in the textbook to support your answer
Minimum 4 hundred to 6 hundred words
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started