)All RISK requires consideration in the following five areas of a business: corporate strategy, supply chain organization, process management, performance metrics and information & technology.  a) What could be the main “risk” for your database?

Answer the below questions according to attached case stud

1)All RISK requires consideration in the following five areas of a business: corporate strategy, supply chain organization, process management, performance metrics and information & technology.
a) What could be the main “risk” for your database?
b) Of the four possible solutions for the “risk”, which is most applicable to the “risk” you selected?

2) Use the “risk” selected in question 1 and build a risk-assessment-matrix explaining each selection made for column headings.

3)If you could locate the database firm (your selection) and consider it a development company, anywhere in the world, which place would you choose and why? You must consider the Supply Chain impacts.

4)Can the Supply Chain for your company (database) become too lean? Explain and provide supporting references.

Grading
1. Content = 60% 2. APA 7 Research Paper Formatting = 20% 3. A minimum of five references = 10% 4. Page count is a minimum of 6 pages NOT COUNTING COVER PAGE, REFERNCES and APPENDIX. = 10% 5. Grammar, spelling will be part of the content grade. 6. There are four specific questions to respond too for your particular Case Study. a. To respond you must read and understand the information provided in the Case Study. (This may require reading the CS and taking notes several times.) b. I expect your responses to utilize subject covered in lecture.

Due Date: 11/18/2022
Page: Content 6 pages minimum
Format: APA 7

 

    • USEFUL NOTES FOR:

1)All RISK requires consideration in the following five areas of a business: corporate strategy, supply chain organization, process management, performance metrics and information & technology.

Introduction

RISK is a big word, so let’s break down what it means for your business.

1)All RISK requires consideration in the following five areas of a business: corporate strategy, supply chain organization, process management, performance metrics and information & technology.

All RISK requires consideration in the following five areas of a business: corporate strategy, supply chain organization, process management, performance metrics and information & technology.

The Risks that need to be considered include: operational risks such as downtime or loss of production due to power outages; financial risks such as having insufficient funds for payroll or other expenses (leading to debt), or poor earnings if sales drop below expectations; legal risks such as having breached contract terms with suppliers; environmental concerns including pollution from factory emissions into rivers nearby which could cause harm to fish stocks – this could potentially lead to fines imposed by regulators at home/ abroad if not corrected quickly enough.

2)Definition of RISK

Risk is a measure of the chance that an event will occur, multiplied by its severity if it does happen. This can be expressed as probabilities or odds. For example, if you are playing poker with five players and each player has a 50% chance of winning the game (1 out of 2), then your odds would be 1/2 = 0.5^5 = 4:1. If three players win together and you lose by default when your turn comes around, your “risk” is 3/4 x 100%.

Risk management involves planning for, monitoring and controlling all risks which affect businesses operations in order to ensure they do not exceed specific levels set by regulators such as health & safety laws or environmental standards set by regulators such as the EU

3)Types of RISK

The next step is to classify risks into two types: internal and external. Internal RISK relates to risks within the organization itself, while external RISK refers to risks outside of your company.

4)Corporate Strategy

Corporate strategy is the long-term direction of a business. It is also known as “corporate mission” or “business purpose,” and it describes the goals that your company has set for itself. In other words, it’s what you want to be known for in five years from now—or even just one year from now!

Corporate strategy should be based on three things: 1) Market potential; 2) Competitive advantage; 3) Measurement of success

5)Supply Chain Organization

Supply chain organization is the ability to manage the flow of goods and services from suppliers to customers. It’s essentially about managing all functions involved in planning, sourcing, manufacturing and delivering products and services to customers.

Supply chain management is the management of all functions involved in planning, sourcing, manufacturing and delivering products or services to customers by an enterprise through its supply chain network (i.e., retailers). This can include acquiring raw materials from suppliers; producing finished items at a factory; distributing those products through distribution channels such as sales agents or retailers; collecting payments from customers based on invoices generated by distributors who sell them into markets outside their own organization(s).

6)Process Management

Process management is a set of activities that helps to manage the operational activities of an organization. It involves managing the processes within an organization. Process management is also referred to as process improvement or kaizen (Japanese for “continuous change”).

Process management defines how each step in a process should be performed and how often it should be performed. It often involves improvements in workflow, quality assurance, inventory control and customer relations by reducing variation between products or services produced by different suppliers/suppliers within one company or across multiple companies

7)Performance Metrics

Performance metrics are used to measure the success of a business. They’re important because they help you track your progress and set goals for improvement.

Performance metrics should be defined before you start using them in your business, so that you can understand what you’re measuring and why it matters. Once established, these measures should be regularly reviewed with management so that everyone involved understands their importance in helping drive organizational performance at all levels from top down through middle management level all the way down into individual employees’ daily activities

8)Information & Technology

Information & Technology is a key tool for managing risk. With the right information and technology, you can identify potential risks, assess their impact and manage them effectively.

Information & Technology can be used to:

Identify threats or vulnerabilities in your business processes that may affect your organization’s ability to achieve its goals. These include things like weak IT security measures, misuse of resources (for example by employees), inefficient processes or poor communication between departments.

Assess what actions might be needed if such threats arise so that they don’t become material losses or liabilities down the road – for example by implementing new software or hardware protection measures; training staff members; monitoring systems closely for suspicious activity; implementing controls such as access control lists (ACLs).

1) All risk requires consideration in the following five areas of a business : corporate strategy, supply chain organization, process management, performance metrics and information & technology.

All risk requires consideration in the following five areas of a business: corporate strategy, supply chain organization, process management, performance metrics and information & technology.

Corporate strategy is an organization’s overall long-term vision or plan for growth. It describes how you intend to grow your business over time by identifying your core competencies (the things that make you unique), determining where opportunities exist for growth and realizing these opportunities through strategic decisions such as acquisitions or divestitures.

Supply chain organizational structure refers to the way products are processed across all stages of their lifecycle from raw materials through final delivery into customers hands; it includes everything from manufacturing processes like assembly line production lines up through transportation methods such as trucks with trailers full of finished goods ready for sale at retail outlets nearby customers homes/offices etc..

4 . Process management refers broadly speaking here but specifically within this context means something like “handling” certain tasks within each stage involved in processing raw materials into finished product ready for sale (or not). It includes things like scheduling work orders so workers know when they need rest breaks between shifts rather than working all day long without any breaks whatsoever – though this may seem like common sense nowadays since we live in industrialized societies but back then people were forced into slavery so having jobs meant surviving instead

Conclusion

All risk requires consideration in the following five areas of a business : corporate strategy, supply chain organization, process management, performance metrics and information & technology.

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