Risk Mitigation Essays (Examples)
Study Document
Enterprise Risk Management In Wells Fargo During The Pandemic
Enterprise risk Management in Wells Fargo during the Pandemic
Introduction
As Beasley (2020) points out, enterprise risk management (ERM) is especially needed during the COVID 19 pandemic because of the “number of different, but interrelated risk spread all across most organization” (p. 2). COVID 19 is not just a factor that has impacted one business or industry. It has … Wells Fargo specifically because of its role in managing loan products, using interest rates to attract savers, and offering investment advice. “No single risk associated with the COVID-19 pandemic crisis can be managed in isolation,” as Beasley (2020) points out (p.2). This means that from an ERM … in isolation,” as Beasley (2020) points out (p.2). This means that from an ERM perspective the problem has to be approached comprehensively with risk understood at the macro level. This paper will provide 1) a critical analysis, including a comparison and contrast……
References
References
Beasley, M. (2020). How to Leverage ERM Principles to Better Respond to COVID-19-Related Risks. ERM Professional Insights.
Derysh, I. (2020). Watchdog questions why Wells Fargo reported giving only one large PPP loan to a Black-owned business. Retrieved from https://www.salon.com/2020/07/22/watchdog-questions-why-wells-fargo-reported-giving-only-one-large-ppp-loan-to-a-black-owned-business/
English, C. (2020). Wells Fargo Forced to Cut Its Dividend After Fed Stress Test. Here’s What Other Banks Did. Retrieved from https://www.barrons.com/articles/wells-fargo-forced-to-cut-its-dividend-after-fed-stress-test-51593467664
Hall, J. (2007). Internal Auditing and ERM: Fitting in and Adding Value. Retrieved from https://global.theiia.org/about/about-the-iia/Public Documents/Sawyer_Award_2007.pdf
Kaplan, R. & Mikes, A. (2012). Managing risks: A new framework. Harvard Business Review, 3.
Lewis, M. (2010). The Big Short. NY: W. W. Norton.
Lundqvist, S. (2014). Abandoning Silos for Integration: Implementing Enterprise Risk Management and Risk Governance. Lund University.
Morgenson, G. (2020). More Wells Fargo customers say the bank decided to pause their mortgage payments without asking. Retrieved from https://www.nbcnews.com/business/personal-finance/more-wells-fargo-customers-say-bank-decided-pause-their-mortgage-n1234610
Study Document
Understanding The Factors Affecting The Success Of Credit Risk In
… more with the advancement of globalization. In each regard of their business operations, banks ought to take effective measures in order to diminish risk by pinpointing the prospective causes based on real-world circumstances. Imperatively, the banking sector is deemed to be a significant source of financing for … a significant source of financing for several companies and entrepreneurs. In the past decade, there have been dramatic changes concerning the management of risk in the banking industry. Progressively more financial institutions and managers have augmented the focus on the significance of risk management. In delineation, risk management encompasses the practice of identifying, assessing and listing of risk followed by organized and cost-effective application of resources to curtail, supervise and control the probability and influence of disastrous events or to capitalize … as financial intermediaries within any economic setting and they are key providers of financial credit to both the corporate……
References
References
Bhattarai, Y. R. (2016). Effect of credit risk on the performance of Nepalese commercial banks. NRB Economic Review, 28(1), 41-64.
Das, A. and Ghosh, S. (2007). Determinants of Credit Risk in Indian State-owned Banks: An Empirical Investigation. Economic Issues, 12(2): 48-66.
Derelio?lu, G., & Gürgen, F. (2011). Knowledge discovery using neural approach for SME’s credit risk analysis problem in Turkey. Expert Systems with Applications, 38(8), 9313-9318
Garr, D. K. (2013). Determinants of credit risk in the banking industry of Ghana. Developing Country Studies, 3(11), 64-77.
Gizaw, M., Kebede, M., & Selvaraj, S. (2015). The impact of credit risk on profitability performance of commercial banks in Ethiopia. African Journal of Business Management, 9(2), 59-66.
Johnson, B., & Christensen, L. (2008). Educational research: Quantitative, qualitative, and mixed approaches. New York: Sage.
Kithinji, A. M. (2010). Credit risk management and profitability of commercial banks in Kenya. (Doctoral dissertation, University of Nairobi).
Limam, I. (2001). Measuring technical efficiency of Kuwaiti banks. Kuwait: Arab Planning Institute.
Study Document
Individuals Using Customary Practices In Times Of Crises
… premise behind this paper is that early warning systems (EWSs) often fail in countries where social and cultural determinants prevail and because disaster risk reduction institutions (DRRs) misunderstsood how people perceive risk and how they behave in relation to different hazardsd and warnings. This was seen when people were warned to prepare for earthquakes, floods, … promote better outcomes on this front. The article appeared in a reputable peer-reviewed journal.
Bang, H.N., Miles, L.S. & Gordon, R.D. (2019). Disaster risk Reduction in Cameroon: Are Contemporary Disaster Management Frameworks Accommodating the Sendai Framework Agenda 2030? International Journal of Disaster risk Science, 10, 462-477.
According to the authors of this present study, most disasters in Africa have severe implications on the developmental and fiscal … The utilization of the case study design in the present study permitted the collection of more information relating to disaster management approaches and mitigation practices. Comment……
References
Roberts. A.R. (Ed.). (2005). Crisis Intervention Handbook: Assessment, Treatment, and Research (3rd ed.). New York, NY: Oxford University Press.
Sama’ila, A. (2019). Economic crisis and the coping strategies of indigenous automobile entrepreneurs in northern Nigeria, 1983-2014. Sociology International Journal, 3(6), 437-442.
Study Document
Purchasing And Supply Management
… In other words, a firm seeking to be competitive and profitable must have a good purchasing and supply management process in place—otherwise it risk watching its bottom line whittle away due to costs that it did not try its hardest to reduce. This paper will discuss the … improve quality for the firm; 4) to promote the pursuit of innovation; 5) to leverage new technology whenever possible; and 6) to reduce risk and to ensure the supplies will be there when needed (BDC, 2019). By pursuing these goals the purchasing and supply management professional can … price does not come from the most reputable supplier. Should the manager sacrifice quality and reliability for price? Never—doing so would present enormous risk: for instance, what if a much needed supply for the production line is needed and has not come in because the supplier failed … first step in this process……
References
References
BDC. (2019). 6 ways the purchasing department can improve your business. Retrieved from https://www.bdc.ca/en/articles-tools/operations/purchasing/pages/purchasing-department-objectives.aspx
Benton, W. C. (2013). Supply chain focused manufacturing planning and control. Nelson Education.
Burt, D. N. (2010). Supply Management, 8th Edition. Devry.
Harland, C., Brenchley, R., & Walker, H. (2003). Risk in supply networks. Journal of Purchasing and Supply management, 9(2), 51-62. Retrieved from http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.471.2910&rep=rep1&type=pdf
Holmlund, M. & Strandvik, T. (1999) Perception configuration in business relationship, Management Decision, 37(9), 686-696
MacNeil/Lehrer Productions (Producer). (1999). Your computer, your way: Dell and thedirect sales model [Video file]. Retrieved from https://libraryresources.columbiasouthern.edu/login
Monczka, R. & Handfield, R. (2016). Purchasing and supply chain management. Boston, MA: Cengage.
NC State University. (2003). Negotiating for success. Retrieved from https://scm.ncsu.edu/scm-articles/article/negotiating-for-success
Study Document
Contaminated Lead Water The Effects In Newark
… lead leaching through the pipes.
Effects of Contaminated Lead Drinking Water
The most unfortunate situation is that the people who are most at risk from being harmed by lead-saturated drinking water are children and Some of the health effects may not be reversible. Thus, imposing a long-term … from being harmed by lead-saturated drinking water are children and Some of the health effects may not be reversible. Thus, imposing a long-term risk for Newark’s children which is very serious due to lead’s effect on the brain development of children. This vulnerability is due to higher ……
References
References
Hanna-Attisha, M., LaChance, J., Sadler, R. C., & Champney Schnepp, A. (2016). Elevated blood lead levels in children associated with the Flint drinking water crisis: a spatial analysis of risk and public health response. American journal of public health, 106(2), 283-290.( https://ajph.aphapublications.org/doi/abs/10.2105/AJPH.2015.303003 )
Jasey, N. (2019). Assembly Higher Education Hearing (19:00 1/17/2019 A-4866( https://www.billtrack50.com/BillDetail/918815 )
Kiefer, E. (2018). Newark Hands Out Thousands Of Lead Water Filters After Lawsuit ( https://patch.com/new-jersey/newarknj/newark-hands-out-thousands-lead-water-filters-after-lawsuit )
Leyden, L. (2018). A Water Crisis in Newark Brings New Worries (https://www.nytimes.com/2018/12/03/nyregion/newark-drinking-water-lead.html)
Panico, R. (2019). Newark Exceeds Lead Levels Again, Receives 3 Other Water Violations ( https://www.tapinto.net/towns/newark/articles/newark-exceeds-lead-levels-again-receives-3-other-water-violations )
Sax, S. (2018). HOW NEWARK GOT LEAD IN ITS WATER, AND WHAT IT MEANS FOR THE REST OF AMERICA. ( https://news.vice.com/en_us/article/yw7kyb/how-newark-got-lead-in-its-water-and-what-it-means-for-the-rest-of-america )
Sol, M. W. (2019). The lead in Newark’s drinking water has hit a \\\\'jaw dropping’ high level, tests show (NJ Advance Media for NJ.com) ( https://www.nj.com/news/2019/01/the-lead-in-newarks-drinking-water-supply-has-hit-a-jaw-dropping-high-level-tests-show.html )
Wani, A. L., Ara, A., & Usmani, J. A. (2015). Lead toxicity: a review. Interdisciplinary toxicology, 8(2), 55-64.( https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4961898/ )
Study Document
Disaster Preparedness At A Department Of Veterans Affairs Medical
… quality assurance (QA) who is a registered nurse with her master’s degree in public health. The quality assurance service oversees the medical center’s risk management function and the QA director is assisted by a full-time risk management program specialist. The results of the two main questions that were asked during this interview are provided below.
1) Question: “What do … so healthcare facilities can continue to provide medical services to the community” (p. 24).
Conclusion
Hospitals are already dangerous places that require constant risk management analyses in order to provide the highest quality of health care possible. The research was consistent in showing, though, that hospitals are ……
References
References
Blake, N. & Wilson, E. (2019, September/October). Disaster preparedness: Mitigation, response, and recovery to ensure staffing excellence in Los Angeles County. Nursing Economics, 37(5), 231-233.
Labrague, L. J. & Yboa, B. C. (2016, January). Disaster preparedness in Philippine nurses. Journal of Nursing Scholarship, 48(1), 98-102.
Natural disasters and severe weather. (2020). Centers for Disease Control and Prevention. Retrieved from https://emergency.cdc.gov/planning/index.asp .
VA fast facts. (2019). U.S. Department of Veterans Affairs. Retrieved from https://www.va. gov/health/aboutvha.asp.
Veenema, T. G. & Griffin, A. (2016, March). Nurses as leaders in disaster preparedness and response - A call to action. Journal of Nursing Scholarship, 48(2), 187-192.
Study Document
Drug Abuse
… the situation is dire and the general impact of drug abuse among school children in the developed world includes: negative cognitive development, increased risk behavior, lack of productivity, decline in living standards and familial relations, decline in social or civic duty, and a decline in mental and … easily impacted by chemicals introduced and abused in the body. The more that society allows drugs to become socially accepted the greater the risk of abuse is for younger children. This sets up a particularly difficult challenge for governments the world over to address. The young generation ……
References
References
Baggio, S., Spilka, S., Studer, J., Iglesias, K., & Gmel, G. (2016). Trajectories of drug use among French young people: Prototypical stages of involvement in illicit drug use. Journal of Substance Use, 21(5), 485-490.
Bonyani, A., Safaeian, L., Chehrazi, M., Etedali, A., Zaghian, M., & Mashhadian, F. (2018). A high school-based education concerning drug abuse prevention. Journal of education and health promotion, 7.
Chu, Y. W. L. (2015). Do medical marijuana laws increase hard-drug use?. The Journal of Law and Economics, 58(2), 481-517.
Downes, D. (2017). The drug addict as a folk devil. In Drugs and politics (pp. 89-97). Routledge.
Goodchild, M., Nargis, N., & d\\'Espaignet, E. T. (2018). Global economic cost of smoking-attributable diseases. Tobacco control, 27(1), 58-64.
Grant, C. N., & Bélanger, R. E. (2017). Cannabis and Canada’s children and youth. Paediatrics & child health, 22(2), 98-102.
Herbert, A., Gonzalez-Izquierdo, A., McGhee, J., Li, L., & Gilbert, R. (2016). Time-trends in rates of hospital admission of adolescents for violent, self-inflicted or drug/alcohol-related injury in England and Scotland, 2005–11: population-based analysis. Journal of Public Health, 39(1), 65-73.
Henkel, D., & Zemlin, U. (2016). Social inequality and substance use and problematic gambling among adolescents and young adults: a review of epidemiological surveys in Germany. Current drug abuse reviews, 9(1), 26-48.
Study Document
Public Private Partnerships And Critical Infrastructure
… an important role in homeland security through acting as a suitable means for protection of critical infrastructure. The creation of public-private partnerships provides risk management frameworks that address growing threats to homeland security and critical infrastructure across the country.
An example of public-private partnerships toward protection of … improving efforts in emergency response and recovery in the aftermath of a disaster. Moreover, they focus on enhancing the nation’s emergency prevention and mitigation capabilities. In the aftermath of the 9/11 attacks, the Department of Homeland Security entered into a partnership with the private sector to help ……
References
Works Cited
Brooks, Chuck. “Public Private Partnerships And The Cybersecurity Challenge Of Protecting Critical Infrastructure.” Forbes, Forbes Magazine, 6 May 2019, https://www.forbes.com/sites/cognitiveworld/2019/05/06/public-private-partnerships-and-the-cybersecurity-challenge-of-protecting-critical-infrastructure/#764fd8255a57 .
Busch, Nathan E, and Austen D Givens. “Public-Private Partnerships in Homeland Security: Opportunities and Challenges.” Homeland Security Affairs, vol. 8, no. 18, Oct. 2012, https://www.hsaj.org/articles/233.
Study Document
The Transformation Of The US Into Oceania
… [Following] that terrorist attack, individual privacy rights have been limited in the name of protecting the security of the country and reducing the risk of further attacks” (p. 50).
Not surprisingly, many of these privacy-limiting initiatives such as the USA PATRIOT Act of 2001 and its subsequent … eye to violations of corporate policy or efforts by consumers or other companies to defraud them, but it is to say that the mitigation of threats to privacy begins at the top. Nevertheless, even the most ethically minded leader is faced with some profound dilemmas when it ……
References
References
Black’s law dictionary. (1990). St. Paul, MN: West Publishing Company.
Cantor, M. D. (2006, Summer). No information about me without me: Technology, privacy, and home monitoring. Generations, 30(2), 49-55.
Ethical issues facing businesses. (2020). Florida Tech. Retrieved from https://www.floridatech online.com/blog/business/the-5-biggest-ethical-issues-facing-businesses/.
Haslag, C. (2018, Fall). Technology or privacy: Should you really have to choose only one? Missouri Law Review, 83(4), 1027-1033.
Karn, R. (2019). The biggest threat to data security? Humans, of course. The Privacy Advisor. Retrieved from https://iapp.org/news/a/the-biggest-threat-to-data-security-humans-of-course/ .
Sharma, P. (2017, June). Organizational culture as a predictor of job satisfaction: The role of age and gender. Journal of Contemporary Management Issues, 22(1), 35-40.
Taslitz, A. E. (2009, Spring). The Fourth Amendment in the twenty-first century: Technology, privacy, and human emotions. Law and Contemporary Problems, 65(2), 125-131.
Study Document
Stakeholder Dedication Approval And Participation
...Risk mitigation Question A
Stakeholder dedication, approval and participation in the overall change process proves crucial to change management initiative success. To this end, stakeholders ought to be adequately informed about change goals and intent, in addition to being accorded a chance to share individual ideas during change initiative implementation. Studies reveal that an open, consultative approach to change implementation leads to better overall outcomes (Chirenje, Giliba & Musamba, 2013).
Studies reveal that without having an effective communication strategy in place, the whole process of change can end up being a disaster. Both a total lack of communication and over-communicating are detrimental, potentially derailing the entire change endeavor. Without ample organization-wide communication or reciprocal conversation, the change attempt might end up not fulfilling its aims. A communication strategy that is straightforwardly and efficiently devised helps build awareness as well as acquire personnel support all through the course of the initiative. The continuum……
References
References
Callahan, K., Olshfski, D., & Schwella, E. (2005). Global public management: Cases and comments. Thousand Oaks, CA: Sage Publications Inc.
Chirenje, L. I., Giliba, R. A., & Musamba, E. B. (2013). Local communities’ participation in decision-making processes through planning and budgeting in African countries. Chinese Journal of Population Resources and Environment, 11(1), 10-16.
Eskerod, P., & Jepsen, A. L. (2016). Project stakeholder management. Routledge.
Fleming, Q. W., & Koppelman, J. M. (2016). Earned value project management. Project Management Institute.
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