Running head: ENTERPRISE RISK MANAGEMENT 1
ENTERPRISE RISK MANAGEMENT 2
Enterprise risk management
My name
Course
Instructor
Date
Enterprise risk management is important for most businesses to grow in the market. Take a good example of the industry that requires a proper risk management plan is the insurance industry, it is important for the those in the insurance industry to do a proper risk management in order to be able to see if they sell certain policies to the larger market will they make profit? Is there a chance of having more claims than what can be able to sustain their business because at the end of the day what really matters is the profitability of the business otherwise it should be brought down?
If we are to consider the sales at the stock exchange where there is normally a rise and fall of prices of the market shares every now and then, this in itself is an area which requires proper risk management so as to make an informed decision on what shares should be bought and which ones not to be bought. Without proper analysis of the risk involved and the chances of recovery from it with a big positive margin then it becomes useless to invest in such an area. Entrepreneurs in as much as they are business people who are the greatest risk takers need to have a certain surety of the extent to which their risk is to be done.
In the insurance industry there is a tendency of passing on risk so the next person bears the burden for you. While people insure their lives and property and their future with insurance companies, the insurance companies themselves are into the habit of reinsuring themselves with re-insurance companies, this is a great way of spreading the risk so that everyone bears the risk of the other. This gives the entrepreneurs a sense of belonging and also grows their confidence to want to grow their business and themselves as well.
Enterprise risk management also enables the executive team in any firm that is in charge of policy making and decision-making duties for the firm. It offers them with a platform to be able to gauge the do and don’ts in the firm and what activities to avoid for the furtherance of the business. All managers must ensure that they protect the credit rating =s of their firms to avoid a case scenario where it will be declared bankrupt. This kind of framework ensures that the firm is protected in that it has a good record with its creditors incase it might require extra resources to keep running its operations.
There are challenges that crop up with implementing the risk management programs and requires a lot of expertise from well experienced persons in the industry, they will tell what risk are worth undertaking and which ones are not. Those which are not are the ones that lead to the collapse of the business.
Love and Relationships
Love ...
1. Running head: ENTERPRISE RISK MANAGEMENT
1
ENTERPRISE RISK MANAGEMENT
2
Enterprise risk management
My name
Course
Instructor
Date
Enterprise risk management is important for most
businesses to grow in the market. Take a good example of the
industry that requires a proper risk management plan is the
insurance industry, it is important for the those in the insurance
industry to do a proper risk management in order to be able to
see if they sell certain policies to the larger market will they
make profit? Is there a chance of having more claims than what
can be able to sustain their business because at the end of the
day what really matters is the profitability of the business
otherwise it should be brought down?
If we are to consider the sales at the stock exchange where
there is normally a rise and fall of prices of the market shares
every now and then, this in itself is an area which requires
proper risk management so as to make an informed decision on
what shares should be bought and which ones not to be bought.
2. Without proper analysis of the risk involved and the chances of
recovery from it with a big positive margin then it becomes
useless to invest in such an area. Entrepreneurs in as much as
they are business people who are the greatest risk takers need to
have a certain surety of the extent to which their risk is to be
done.
In the insurance industry there is a tendency of passing on
risk so the next person bears the burden for you. While people
insure their lives and property and their future with insurance
companies, the insurance companies themselves are into the
habit of reinsuring themselves with re-insurance companies, this
is a great way of spreading the risk so that everyone bears the
risk of the other. This gives the entrepreneurs a sense of
belonging and also grows their confidence to want to grow their
business and themselves as well.
Enterprise risk management also enables the executive
team in any firm that is in charge of policy making and
decision-making duties for the firm. It offers them with a
platform to be able to gauge the do and don’ts in the firm and
what activities to avoid for the furtherance of the business. All
managers must ensure that they protect the credit rating =s of
their firms to avoid a case scenario where it will be declared
bankrupt. This kind of framework ensures that the firm is
protected in that it has a good record with its creditors incase it
might require extra resources to keep running its operations.
There are challenges that crop up with implementing the
risk management programs and requires a lot of expertise from
well experienced persons in the industry, they will tell what risk
are worth undertaking and which ones are not. Those which are
not are the ones that lead to the collapse of the business.
3. Love and Relationships
Love vs. Like
· Love is: A constellation of behaviors, cognitions, and
emotions associated with desire to enter or maintain a close
relationship with a specific other person
· Love is different from liking
· Rubin’s loving vs liking scale
· Romantic love is made up of
· Attachment
· Caring
· Intimacy
· http://psychcentral.com/lib/rubins-love-scale-and-rubins-
liking-scale/
· Falling in friendship is very different from falling in love
· When we talk about it:
· Love narrative has greater emphasis on attraction
· Friendship narratives more focused on familiarity
Different Types of Love
· A lot of work has been about the different types of love
· Romantic love
· Compassionate love
· Passionate love
· Familial love
· Falling in Love Definition
· Onset of a strong desire for close, romantic relationship with a
particular person
· Seems to be about the transition into passionate love, or from
not being in love to being in love
Is Falling in Love a Good Thing?
· When reciprocated, leads to:
· Enhancement of self-concept
· Increased identity domain
· Greater sense of self-efficacy
· Greater self-esteem
4. · ALSO, effect on social network might be negative
· Can be a problem if you are already in a committed
relationship
· When NOT reciprocated:
· Painful
· Can impact self-esteem, self-concept
Lee’s 3 Primary Color styles of Love
· Ludus (game-playing)
· Fun based
· Playing games
· Seeking attention
· Playful
· Storge
· Grows out of friendship
· Based in commitment
· Eros
· Passionate
· Physical
· Satisfying
Sexually driven
Secondary Styles of Love
· Like primary colors, primary love styles can be combined to
form secondary colors or styles of love
· Pragma
· Pragmatic
· Sense of Service
· Frank and Clare Underwood
· Mania
· Possessive
· Need based
· Fatal Attraction
· Agape
· Self-sacrificing
· Altruistic
· Forest Gump
5. Vulnerability: The Key to Connection
Sternberg’s Triangle of Love
· Sternberg believed that there are 3 components of love:
Components of Triangle
· Commitment
· Intimacy
· Passion
Properties of Triangle
· According to Sternberg, the 3 love components differ with
respect to a number of properties, including:
· Stability
· Conscious controllability
· Experiential salience
· For example, the elements of intimacy and
decision/commitment are usually quite stable in close
relationships (once they occur and become characteristic of a
relationship, they tend to endure), whereas passion tends to be
less stable and predictable
· Sex therapy
Types of Love Relationships
1. Non-love
2. Liking (intimacy alone)
3. Infatuation (passion alone)
4. Empty Love (decision/commitment alone)
5. Romantic love (intimacy and passion)
6. Companionate Love (intimacy and decision/commitment)
7. Fatuous Love (passion & decision/commitment)
8. Consummate Love (intimacy & passion &
decision/commitment)
Relationships and MFTs
· According to the American Association for Marriage and
Family Therapy (AAMFT)
6. · A family's patterns of behavior influences the individual and
therefore may need to be a part of the treatment plan. In
marriage and family therapy, the unit of treatment isn't just the
person - even if only a single person is interviewed - it is the set
of relationships in which the person is imbedded
· Retrieved from:
https://www.aamft.org/imis15/AAMFT/Content/About_AAMFT/
Qualifications.aspx?hkey=2d5f6fac-24c6-40fd-b74f-
5f3eaf214e55
· All behavior makes sense given the context (Relationships are
part of the context)
· There is value in understanding a person and the way they
exist within relationships
· What do your relationships say about you?
Knapp Relationship Development Model
· Proposes that relationship development is a 10 step process
broken down into two phases
· Coming Together Phase
· Coming Apart Phase
Coming Together Phase
· Initiation
· First impressions
· Experimentation
· Individuals begin to share their story and learn about each
other
· Exploring the relationship, experimenting with activities and
questions to determine if they like each other
· Intensifying
· Continued exploration that increases the connection
· Conversations become deeper
· History gains more rich details
Passion is developed
Coming Together Phase Cont
7. · Integrating
· Partners begin integrating personal, individual parts into the
couple parts
· Introducing friends and family
· Developing the “we”
· Couple identity is formed
· Bonding
· Marriage
· Commitment
· Couple is bonded together (successfully or unsuccessfully
The Coming Apart Phase
· Differentiating
· Differences between partners become more salient
· “Were you always this stubborn?”
· Conflict resolution and problem solving is negatively
impacted; instead of working as a team to solve problems, focus
becomes more individualistic
· Circumscribing
· Individualistic routines are increased
· Personal time, personal space increased
· She works on the backyard alone
· The garage is his space
· Stagnating
· Stuck in a rut
· Things that used to bring excitement now seem mundane and
routine
· Avoiding
· Literal avoidance
· Mental, Emotional, Physical separation between the
individuals
· Detachment, lack of attunement
· Needs are left unnoticed, unmet, uncared for
· Terminating
· A decision is made to end the connection
· Staying in the relationship no longer produces happiness,
8. fulfillment
· Relationship outcomes and goals do not match
· The relationship is terminated
Why does this matter to you?
· If you want to become an MFT, obvi it matters
· Understanding the developmental process of relationships
helps us to understand how we exist within them
· MFTs look for patterns - do you recognize patterns in your
life?
· If so, what would you learn from those patterns about your
life?
· Would you make any adjustments?
· We have talked about developing the self concept, now we are
developing an understanding of ourselves within the context of
our relationships
· Part of healthy development is learning to cultivate
meaningful personal relationships; and learning to eliminate
toxic relationships