Article Review : Strategically Managing Risk in Today’s Perilous Markets.

In: Business and Management

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This is an article review only You Can Find This Article In the internet The Article: Strategically Managing Risk in Today’s Perilous Markets. Topic: Risk Assessment and Prevention Cost Risk assessment is very important function in management activities. By understanding and valuing each department risk level, management can reduce or control the prevention cost. The reason for that is management could know which department in the company needs to improve to reduce any predictable cost that can happen in the future. However, ERM is one of the management tools that can help any organization to manage and control risk assessment. By applying ERM, management could know where in the company’s departments they should improve the quality of the activities. That improvement will help to prevent any extra cost. Also, this improvement will proved stable work environment in the company. Moreover, ERM would be a very helpful tool for management in making operational and strategies decisions. One of the great benefits in ERM is involving every employee in the company in planning and decision making. Everyone will do some effort in the company management. Article: “Creating an Ethical Culture: Values-Based ethics programs can help employees judge right from wrong” By Gebler, David
Topic: Accounting fraud.

According to “Creating an Ethical Culture: Values-based ethics programs can help employees judge right from wrong” By David Gebler, The author presented the Culture Risk Assessment Model. This model would help companies to reduce the risk of unethical conduct. If companies need to product themselves from corporate fraud, they have to look at their own culture. The author defined culture as an objective picture of organization for better or worse, and it is the sum total of all the collective values and behaviors of all employees, managers, and leaders.…...

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