What are the advantages and disadvantages of assigning full time employees additional responsibilities as part time risk associates within their organizations?
What are the advantages and disadvantages of assigning full time employees additional responsibilities as part time risk associates within their organizations?
Chapter 34: Turning Crisis into Opportunity QED
Answer all of the following questions. Use examples from outside of the textbook.
- Organizations often give employees additional responsibilities that may be outside their normal activities. Fictitious company Amkol seeks to start an Enterprise Risk Management team, but was not sure hiring full time employees would be the right choice. 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. 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, :Nokia, Toys R Us 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.
Required: 1. Provide an initial posting of 400 to 600 words by Thursday. Then provide two responses of at least 100 words each that extend or provide alternate views for the initial posts of at least two students by Sunday. Repetition of the questions and the reference list are not included in the word count. I. Do not access the threads until you are ready to post your entire answer. If you make a mistake do not edit the response; reply to your own answer with the revision. 3. Use formal writing. Errors will reduce your grade. a. Respond to the initial posts of at least two students, extending the discussion by adding new insights, different examples from your experience, or from other sources. Add value to responses to classmates and provide support in
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