Identify the four basic steps to managing risk

Assignment Help Operation Management

Reference no: EM131124533

Risk Management: Reed and Bogardus (2012) writes that “many HR risks can be managed by educating managers about the exposure created by unlawful practices or inconsistent application of policy in an organization” (p. 890). Recognizing the need for management to address risk management proactively, answer the following questions:

i. Identify the four basic steps to managing risk.

ii. Define the terms liability and tort.

iii. Name the four ways that risk can be managed once all risks have been identified and prioritized by company management.

iv. Review the bulleted listing of five ways that many HR risks might be managed, as discussed in the Risk Management section of chapter 2 of the PHR/SPHR study guide. Select one that you think would be important for your current organization to address immediately and tell why.

Reference no: EM131124533

Questions Cloud

Criteria for effective corporate-level strategy : What opportunities and threats did Newell face in the late 1990s? Use external analysis tools to provide support for your answer. Did Newell have any sources of competitive advantage in the 1990s? Use internal analysis tools to provide support for yo..

How does public opinion affect decisions that courts make : What does it mean to say that the courts need legitimacy and support from the public to get their decisions implemented? Why do the courts rely on the public for this support? How does public opinion affect the decisions that courts make? Should the ..

The competitive battle continues : How did Matsushita succeed in displacing Philips as No. 1? What were its distinctive competencies and incompetence? Why is the change so hard for both Matsushita and Philips? What recommendations would you make to Gerald Kleisterlee? And to Eumio Oht..

Leadership required for effectively integrated planning : Concept Three describes the leadership required for effectively integrated planning, the integrated planning process, and the components of a high-quality plan. It presents the organizing principle that should be used throughout the process and takes..

Identify the four basic steps to managing risk : Risk Management: Reed and Bogardus (2012) writes that “many HR risks can be managed by educating managers about the exposure created by unlawful practices or inconsistent application of policy in an organization” (p. 890). Identify the four basic ste..

What rights-protections do whistle-blowers have in workplace : Bob Schein, vice president of human resources at Glenfair Electronics, sat at his desk thinking about the meeting he had just had with Anwar Patel, an accountant. He had listened intently to Patel describe what had transpired in the finance departmen..

Do you think starbucks is drifting away from core business : Do you think Starbucks is drifting away from its core business (coffee) by undertaking these new initiatives? Are these new initiatives fall in the broad class of needs that the company is seeking to satisfy?

Why is it important to manage employee performance : Why is it important to manage employee performance? Why is it important to motivate employees? What are some rewards / incentives a manager / leader can use to motivate employees?

Global warming-ozone depletion and forest conservation : Comment on two or more of the following issues in our environment: Global Warming, Ozone Depletion, Forest Conservation. Using the text and videos supplied in the modules comment on: What are your personal views and concerns. What do you personally d..

User Account

All Pages