Reference no: EM13688321

Focus on the operational considerations that were mentioned in chapter 7 (a list can be found on page 155). Most of these considerations involve the employees in some way. I would like you to find an example of a company that failed to use risk management properly and explain how it could have helped them to avoid their problems.
The best way to begin this paper is to think of companies that you have heard of in the headlines in a negative way, or companies that have gone out of business in the last several years. Once you decide on a company, you should be able provide an .explanation of the problem as well as your thoughts on how this could have been avoided using risk management. Another alternative is to use a company that you currently or previously worked for. If you choose the latter, please make sure that you can provide the required details. This is list of operational considerations 1. maintain cash forecast and keep them current, ensure employees have an opportunity to enhance skills and training, consider cross training to enhance team,ensure adequate reporting to team, maintain good relationships with financial institutions and vendors, ensure approriate controls against illegal activites such as money laundering