Enterprise risk management Literature review Example | Topics and Well Written Essays - 3000 words

Enterprise risk management - Literature review instanceERM involves taking a proactive view of the entire stage business or organisation rather than facial expression at risk as simply a matter of redundant project overview to identify threats. It goes further beyond the emblematic SWOT analysis that looks at different weaknesses and threats and recognises the whole of the business as a functional unit that is inter-connected whereby multitudes of risk possibilities exist. This literature review describes what constitutes enterprise risk management, its major components and also pull up stakess an recognition of how an ERM create mentally can be designed into virtually any(prenominal) industry. 2. Defining a stable ERM programme Enterprise risk management is defined as The discipline by which an organisation in any industry assesses, controls, exploits, finances, and monitors risks from all sources for the purpose of increasing the organisations short- and long-term value to its stakeholders (casact.org, 2003, p.8). What makes ERM different from typical risk management programmes is that it recognises strategic imperatives, thus making it an ongoing part of strategic analysis oft dictated by executive leadership and Board governance. Generally, risk management programmes are short-term objectives associated with special project teams, thereby somewhat ignoring the long-term prospects of risk mitigation in multiple areas of the business. Kimmel & Anderson (2010) identify fiver specific elements of an ERM system to include 1. Linking risk management to the organisations strategy, values and culture This comment insists that enterprise risk management is linked to the operational and human capital components of the organisation and is tied at a time to organisational structure and design. 2. Providing management with a comprehensive and repeatable knowledge base so as to empathise how to identify and assess potential risk factors. 3. Assignment of s pecific roles and responsibilities tied to governance for ERM. 4. The ability to provide higher valued knowledge so that managers can make better operational and financial business decisions. 5. Providing risk-related knowledge so that auditing and monitoring is an ongoing part of the programme design. Most organisations that utilise ERM systems recognise intravenous feeding categories of objectives in order to assist organisations in meeting long- and short-term strategic goals. These include, as offered by Moore (2010) 1. strategical imperatives These are high-level goals that help align the organisation to its overall mission and value proposition. 2. Operational components assist to achieve efficient and effective use of resources organisation-wide, such as marketing, production and accounting (as relevant examples). 3. account Reporting aspects include financial figures and overall business strengths as related to stakeholders and shareholders. 4. Compliance Laws and re gulatory accordance such as Sarbanes Oxley and other labour-related laws that drive business structure and operations. These four objectives are part of the COSO sit down that is widely used in most organisations that have developed an ERM system, one of the most common models of ERM available. It is a comprehensive tool for identifying and managing risk factors (Moore, 2010). Enterprise risk management is beneficial to the business as it creates a teamwork

Impact of social media on project stake holder management Research Paper

Impact of social media on project stake holder lovement - research Paper ExampleIt forms an grievous part that leads to smooth completion of the project that has been undertaken. This is a very important discipline that is mostly addressed by successful people they believe that the opinions and ideas of these stakeholders are very untold fruitful for the overall project development and in the majority cases leads to the success of the project rather than failure. thither are versatile reasons that lead to failure of a project however, the factor that is taken into consideration in this research study is the communication factor. An effective communication platform and coordination are the most important pillars of stakeholder management. As the stakeholders need to be aware of every possible detail of the project so that they are up to(p) to contribute towards such project so that it results in a success. Social media in the present scenario is non only bounded within Facebook , Twitter, etc., but it has proved itself to be a beneficial tool when in that respect is a requirement to improve upon the level of communication amongst the team members and also amongst all the other stakeholders who guide an important role in the success or failure of a project. There are various approaches in social media platform that helps in enhancing communication and applying such principles in a project helps to manage effectively the stakeholders, facilitates better collaboration, beneficial for problem-solving. Social media as a model helps an individual to focus on how information is being shared, used and aggregated.

Interpersonal Communication Article Example | Topics and Well Written Essays - 500 words

Interpersonal Communication - term ExampleThe writer, Chris Zervas, states that, the area of constructive reprehension can be problematic as We say things we dont look upon or recipients hear more than was meant. (1) Therefore, often during constructive criticism in a potentially subtle area such as the workplace, direct channels of interpersonal communication are not mathematical operation correctly. The sender is communicating the wrong message, using inadequate phrasing and wrong information whilst the other histrion receives a distorted or exaggerated message. The receiver subconsciously picks up another message from indirect channels of interpersonal communication. These indirect channels may include the tone of voice of the sender or his body language. The receiver may suspect that the sender has hidden motivations, revealed by these uncontrolled actions. The receiver too may react defensively as he or she may feel that their position inwardly the work team is threaten ed. Chris Zervas uses his management insight to implement skillful communication which can make these situations cold less volatile.(2)Zervas states that the important connotation of the senders message should make the receiver feel respected and valued, which is the converse of how criticism generally makes people feel.

Interviewing Essay Example | Topics and Well Written Essays - 250 words

Interviewing - Essay ExampleMumbling into the phone can cast a negative impression upon the employer. Scripted response often gets easily identified and nullifies the chances for success, so response should me make on the spot and should be natural.The biggest key to success in in-person interviews is being yourself. The interviewee should not take the interviewer not to ask questions about definite things if he/she does not have knowledge about them. Instead, the medical prognosis should maintain a positive approach and be cool, calm and confident. Even if there are certain weaknesses, the candidate should believe that they can be improved with effort. It is important to maintain eye-contact with the employer. Frequent use of dust language is recommended, and questions should be listened to with patience (Topic).Confidence, clarity of speech, and originality are three prime requirements of success in twain telephone and in-person interviewing. The candidate should practice inco rporating each of the three in the response before show for either kind of

Religious studies Essay Example | Topics and Well Written Essays - 2000 words

Religious studies - Essay vitrineA religion is a set of beliefs and practices of a community that holds them in the obedience of codified beliefs, believed to be the orders from god, and rituals. It refers to both the personal practices and the rituals carried out by a group to reflect conformity of beliefs and obedience to the coercive Controller.Various definitions for religion have evolved and many materialistic individuals have tried to push the religion to a separate sector of life only restricting it to the compulsory acts of worship and rituals only if, religion is in no way different from ones actions outside his/her place of worship. A number of religions and its followers, especially Islam, inform their disciples to spend their entire life whether in Masjid (Muslims place of worship) or outside according to the commands of God and stress on the fact that religion is at the heart of life.Whichever religion a person belongs to is apparent(a) from his daily routine, doct rines of a particular religion are revealed by the rituals and the actions one performs in his daily life. A Christian would go to a church every Sunday, a Muslim would visit his Masjid tailfin times a day and similarly a Hindu would visit his Temple at confident(p) times.Islam has been the most controversial religion in the aftermath of 9/11 attacks on the twin towers, but ironically enough since then it has been the fastest spreading religion throughout the world and especially in the West. Due to this astounding fact Islamic doctrines have been used in the context of the following discussion. article of faith in the religious context is the faith in the existence of something supernatural, unseen and unexplainable for an ordinary mind. trust is thus the first step and the most basic requirement of any religion. To strongly believe the legality of the existence of God, the fundamental principles of a religion, the Holy Book and the honesty of the Religious Leader who brought t he divine kernel is the doorway towards