Background
One way of understanding a companys risks is to consider anything that may hinder an organization from meeting its objectives. Depending on context, that list may be quite long. It could include, among other risks, matters such as workplace safety issues, legal requirements, insufficient financial support for the company (e.g., lack of capital, poor cash flow, etc.), reputation, the economy, political risks, criminal activity (e.g., computer hacking and theft), etc. Some risks can be transferred to others either via contract or insurance. Other risks can be avoided altogether through elimination of activities. However, many risks cannot be totally eliminated or transferred, and they must be mitigated or reduced, to the extent possible. Mitigation could include worker training and equipment, mechanical or physical safeguards, modifications to the way certain operations are conducted, or policies and procedures.
Instructions
After completing the weekly reading, identify the risk in an organization, which in your opinion, has not been adequately addressed. Develop a risk management strategy including the following elements:
Assessment of the risk (likelihood and severity of events, time to impact).
Priority of addressing the risk compared to other risks faced by the organization.
Possible solutions and strategies (including risk control mitigation strategies and risk financing measures)
How should the risk be monitored and success of solutions and strategies measured?
Evaluation
The grading rubric, which represents the performance expectations for this assignment, is located below.
Submission
To submit your assignment, select Submit Assignment, follow prompts to upload or add your work, add any comments for your instructor in the comments box (optional), and then click Submit Assignment.
Read
Alliance Defending Freedom. (2015). An Employer’s Guide to Faith in the Workplace (PDF).
Blaine Adamson: Hands on Originals (p. 18)
Walsh, D.J. (2018). Employment Law for Human Resources (6th ed.).
Chapter 14: Occupational Safety & Health
Chapter 15: Privacy on the Job
PowerPoint Presentations
Chapter 14: Occupational Safety & HealthPreview the document
Chapter 15: Privacy on the JobPreview the document
Frigo, M. (2009). Strategic Risk Management: The New Core Competency (Links to an external site.). Download from Harvard Business Publishing.
View
Video: Lecture – Collective Bargaining
Special thanks to Dr. Cairns for creating this video. If you have any questions, please contact the course instructor.
https://www.youtube.com/watch?v=P04i8-u8xjE&feature=emb_logo&ab_channel=GeorgeHanshaw
https://www.youtube.com/watch?v=STehs2-SR2E&feature=emb_logo&ab_channel=GeorgeHanshaw
