Rukmini Akula
D-12
COLLAPSE
Top of Form
Now a days various tools are very commonly used for the aid designers, and some of the additional theories will also offer some of the analytical rigorous report to all the engineering designs, and concurrent engineering would be the one of the most practical method in order to improve the design process, and there are also some of the common tools, that are usually used in order to obtain the input from the stakeholders or from the business team in the organization, in the design process, in this process, some of the methods may be like pugh method, quality function, deployment, decision matrix techniques, and the analytical hierarchy process, and these are some of the methods in order to build the design process in the organization or in the company. And these tools also include relatively some of the high levels of the subjective judgement(K, 2017). Some of the additional set of tools also addresses the variability, quality, and also the uncertainty in the design process, and these tools are more analytical and are also typically combined to these processes which are used to produce the products(S, 2016). Still there are some other tools that are also used to generate the alternate designs for the designers who are working for the web application design for their organization or for their companies.
References:
Eades, K. (2017), "General Motors: 1991 Equity Financing", Darden Business Publishing Cases. https://doi.org/10.1108/case.darden.2016.000131.
Bongoni, R. and Basu, S. (2016), "A multidisciplinary research agenda for the acceptance of Golden Rice", Nutrition & Food Science, Vol. 46 No. 5, pp. 717-728.
Bottom of Form
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Ri ...
Scanned with CamScannerITS 835 enterprise risk managem.docxjeffsrosalyn
Scanned with CamScanner
ITS 835 enterprise risk management
Chapter 22
ERM - JAA Inc. –A Case Study in Creating Value from Uncertainty
University of Cumberlands
1
introduction
Business background
Initial steps
Evolution of Risk Management
Introduction of ISO 31000 and HB 436 to JAA
Bringing everything together
University of Cumberlands
2
Business background
JAA is a clothing wholesaler and retailer
Founded in 1972
Went public in 1998
Three operating segments
U.S. wholesale
U.S. retail
International (wholesale and retail)
57 retail stores in 10 countries
University of Cumberlands
3
Initial steps
Strategic objectives
Maintain market leadership
Sustain technology leadership
Strengthen global presence
Deliver quality service
A leader in compliance with all laws and regulation
Establish a governance system
Multiple committees, each with specific responsibilities
University of Cumberlands
4
Governance framework
University of Cumberlands
5
Evolution of risk management
Lack of strategic risk management led to many problems
Communication
Missed/lost opportunities
Lack of commitment to objectives
Declining quality
Identified gaps in risk management
Engaged in aggressive internal training
Soft skills
Team building
Management planning
University of Cumberlands
6
Introductions of iso 31000 and hb 436
JAA adopted ISO 31000
HB 436 provided extensive implementation guidance
ISO 31000 was basically an upgrade of the framework JAA was already using
ISO 31000 framework formalized JAA’s ERM
Defined organization and process
University of Cumberlands
7
Using context for risk criteria
University of Cumberlands
8
Bringing everyone together
University of Cumberlands
9
Risk map
University of Cumberlands
10
Risk attitude
University of Cumberlands
11
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and.
Sources and Resources for RC004Informed Advocacy in Early .docxrosemariebrayshaw
Sources and Resources for RC004
Informed Advocacy in Early Childhood Care and Education: Making a Difference for Young Children and Families, pp. 107-111
https://tempolearning.brightspace.com/d2l/common/dialogs/quickLink/quickLink.d2l?ou=6738&type=lti&rcode=walden-628&srcou=6738
WEBSITE: KIDS COUNT DATA CENTER
http://datacenter.kidscount.org/topics
KIDS COUNT Data Center
Annie E. Casey Foundation. (2014). KIDS COUNT data center: Data topics. Retrieved from http://datacenter.kidscount.org/topics
WEBSITE: NATIONAL AND STATE FACTS
http://www.cwla.org/our-work/advocacy/
WEBSITE: U.S. CHILD STATE DATA
http://www.cwla.org/our-work/advocacy/
WEBSITE: DATA TOOLS
http://www.nccp.org/tools/
Consider how this information will be beneficial within the context of Part 1 of your Work Product.
WEBSITE: ASSOCIATION FOR CHILDHOOD EDUCATION INTERNATIONAL
http://www.acei.org/
WEBSITE: DIVISION FOR EARLY CHILDHOOD
http://www.dec-sped.org/
WEBSITE: INTERNATIONAL READING ASSOCIATION
http://www.reading.org/
WEBSITE: NATIONAL ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN
http://www.naeyc.org/
WEBSITE: NATIONAL BLACK CHILD DEVELOPMENT INSTITUTE
http://www.nbcdi.org/
BOOK EXCERPT: DEVELOPING INITIATIVES
https://tempolearning.brightspace.com/d2l/common/dialogs/quickLink/quickLink.d2l?ou=6738&type=lti&rcode=walden-640&srcou=6738
The following links lead to early childhood advocacy initiatives that focus on social change on behalf of children, families, and the early childhood field.
WEBSITE: WORLDWIDE TEACHER SHORTAGE: REGIONAL AND GLOBAL IMPLICATIONS
http://www.businessinsider.com/theres-a-massive-global-teacher-shortage-2016-10
WEBSITE: LEGISLATIVE HOT TOPICS
https://www.literacyworldwide.org/
WEBSITE: TAKEN ACTION NOW
http://www.naeyc.org/policy/action
WEBSITE: WHAT WE DO: POLICY
http://www.nbcdi.org/what-we-do/policy
BOOK EXCERPT: COMPREHENSIVE DEVELOPMENTAL SCREENING
As you read this information and the Guided Notes , consider how these apply to Part 2 and Part 3 of your Work Product.
https://tempolearning.brightspace.com/d2l/common/dialogs/quickLink/quickLink.d2l?ou=6738&type=lti&rcode=walden-647&srcou=6738
https://tempolearning.brightspace.com/d2l/common/dialogs/quickLink/quickLink.d2l?ou=6738&type=lti&rcode=walden-747&srcou=6738
https://tempolearning.brightspace.com/d2l/common/dialogs/quickLink/quickLink.d2l?ou=6738&type=lti&rcode=walden-2320&srcou=6738
This information is beneficial in the context of Part 2 and Part 3 of your Work Product.
ARTICLE: HOW TO BE A VOICE FOR BABIES: USING DATA TO ADVOCATE EFFECTIVELY
https://www.zerotothree.org/resources/496-how-to-use-data-to-advocate-effectively
ARTICLE: EFFECTIVE COMMUNICATION ABOUT THE EARLY YEARS: UNDERSTANDING THE BASICS OF FRAMING
https://www.zerotothree.org/resources/482-understand-the-basics-of-framing-to-communicate-effectively
ARTICLE: EFFECTIVE COMMUNICATION ABOUT THE EARLY YEARS: THE ELEMENTS OF THE FRAME: PART ONE
https://www.zerotothree.org/resources/483-the-elements.
BUSB342 - International BusinessCore Concepts· International.docxjasoninnes20
BUSB342 - International Business
Core Concepts
· International Business
· International Strategy
· Corporate Social Responsibility (CSR)
· Sustainable strategies
· International Market research
· Cultures
· Brick-and-mortar
· Pull Strategy
· Entrepreneurs
· Creating Value
· Profit Growth
· Common Laws
· Political Risk
· Supply Chain Management
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Management
“The authors—Fraser, Simkins, and Narvaez—have done an invaluable service to
advance the science of enterprise risk management by collecting an extensive num-
ber of wonderful case studies that describe innovative risk management practices
in a diverse set of companies around the world. This book should be an extremely
valuable source of knowledge for anyone interested in the emerging and evolving
field of risk management.”
—Robert S. Kaplan, senior fellow, Marvin Bower Professor of Leadership
Development, emeritus, Harvard University
“Lessons learned from case studies and best practices represent an efficient way
to gain practical insights on the implementation of ERM. Implementing Enterprise
Risk Management provides such insights from a robust collection of ERM pro-
grams across public companies and private organizations. I commend the editors
and contributors for making a significant contribution to ERM by sharing their
experiences.”
—James Lam, president, James Lam & Associates; director and Risk Oversight
Committee chairman, E∗TRADE Financial Corporation;
author, Enterprise Risk Management—From Incentives to Controls
“For those who still think that enterprise risk management is just a fad, the varied
examples of practical value-generating uses contained in this book should dispel
any doubt that the d ...
BUSB342 - International BusinessCore Concepts· International.docxfelicidaddinwoodie
BUSB342 - International Business
Core Concepts
· International Business
· International Strategy
· Corporate Social Responsibility (CSR)
· Sustainable strategies
· International Market research
· Cultures
· Brick-and-mortar
· Pull Strategy
· Entrepreneurs
· Creating Value
· Profit Growth
· Common Laws
· Political Risk
· Supply Chain Management
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Management
“The authors—Fraser, Simkins, and Narvaez—have done an invaluable service to
advance the science of enterprise risk management by collecting an extensive num-
ber of wonderful case studies that describe innovative risk management practices
in a diverse set of companies around the world. This book should be an extremely
valuable source of knowledge for anyone interested in the emerging and evolving
field of risk management.”
—Robert S. Kaplan, senior fellow, Marvin Bower Professor of Leadership
Development, emeritus, Harvard University
“Lessons learned from case studies and best practices represent an efficient way
to gain practical insights on the implementation of ERM. Implementing Enterprise
Risk Management provides such insights from a robust collection of ERM pro-
grams across public companies and private organizations. I commend the editors
and contributors for making a significant contribution to ERM by sharing their
experiences.”
—James Lam, president, James Lam & Associates; director and Risk Oversight
Committee chairman, E∗TRADE Financial Corporation;
author, Enterprise Risk Management—From Incentives to Controls
“For those who still think that enterprise risk management is just a fad, the varied
examples of practical value-generating uses contained in this book should dispel
any doubt that the d.
ITS 835 Module One Essay Guidelines and Rubric Topic C.docxvrickens
ITS 835 Module One Essay Guidelines and Rubric
Topic: Chapter 7 – “Turning the Organizational Pyramid Upside Down Ten Years of Evolution in Enterprise Risk Management at United Grain
Growers”
Overview: Few companies stand out as successful pioneers in enterprise risk management (ERM), especially one that undertook the initiative
almost 15 years ago. One such ERM pioneer was United Grain Growers (UGG), a conservative 100-year-old Winnipeg, Canada– based grain
handler and distributor of farm supplies. Review the case study in Chapter Seven (7) of the textbook to understand the details of their ERM
journey.
Answer the following questions regarding this case study:
1. Why does a more participative management style (“tipping the pyramid over”) lead to greater responsiveness to customers' needs,
increased accountability, and more innovative solutions to challenges than a hierarchical “command and control” structure?
2. Under what circumstances might the hierarchical “command and control” structure produce superior results?
3. What factors do you believe led UGG/ AU to be pioneers in ERM? Was it the industry/ company/ history/ circumstances? Was it a
changed organizational “culture” or perhaps good management? Describe the leading factor(s) in your response.
Guidelines for Submission: Using APA 6th edition style standards, submit a Word document that is 2-4 pages in length (excluding title page,
references, and appendices) and include at least two credible scholarly references to support your findings. The UC Library is a good place to find
these sources. Be sure to cite and reference your work using the APA guides and essay template that are located in the courseroom.
Required elements:
Please ensure your paper complies APA 6th edition style guidelines. There is an essay template located under the Information link.
APA basics:
o Your essay should be typed, double-spaced on standard-sized paper (8.5" x 11")
o Use 1" margins on all sides, first line of all paragraphs is indented ½” from the margin
o Use 12 pt. Times New Roman font
Follow the outline provided above and use section headers to improve the readability of your paper. If I cannot read and understand it,
you will not earn credit for the content.
Critical Elements Proficient (100%) Needs Improvement (70%) Not Evident (0%) Value
Participative management
style
Explains why a participative
management style led to greater
responsiveness to customers’
needs, increased accountability,
and more innovative solutions to
challenges.
Explains why a participative
management style led to greater
responsiveness to customers’ needs,
but does not explain how it
increased accountability, and more
innovative solutions to challenges.
Does not explains why a
participative management style
led to greater responsiveness to
customers’ needs, and does not
explain how it increased
accountability, and more
innovative solutions to
challenges. ...
Grading Rubric
F
F
C
B
A
0
1
2
3
4
Not Submitted
No Pass
Competence
Proficiency
Mastery
Not Submitted
The reference list is incomplete.
The reference list contains references, but there are APA format issues.
The reference list is complete and APA format is correct, but include references older than five years.
The reference list is complete, formatted correctly in APA, and the references are within the past five years.
Not Submitted
The reference list contains little relevant quality management references.
The reference list contains an adequate amount of relevant quality management references, but all sources lack credibility.
The reference list contains adequate amount of relevant quality management references, but some sources lack credibility.
The reference list contains substantial (6+) quality management references of high credibility.
Not Submitted
The reference list contains few relevant quality measure references.
The reference list contains an adequate amount of relevant quality measure references, but all sources lack credibility.
The reference list contains adequate amount of relevant quality measure references, but some sources lack credibility.
The reference list contains substantial (6+) quality measure references of high credibility.
Not Submitted
The submission contains a loose description explaining the process used.
The submission contains a minimal description explaining the process used and some search criteria descriptors.
The submission contains a good description explaining the process and search criteria descriptors.
The submission contains a clear description including fully showcased and explained search criteria descriptors.
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Manageme ...
Week 5 Post-Course Assessment Quiz
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Management
“The authors—Fraser, Simkins, and Narvaez—have done an invaluable service to
advance the science of enterprise risk management by collecting an extensive num-
ber of wonderful case studies that describe innovative risk management practices
in a diverse set of companies around the world. This book should be an extremely
valuable source of knowledge for anyone interested in the emerging and evolving
field of risk management.”
—Robert S. Kaplan, senior fellow, Marvin Bower Professor of Leadership
Development, emeritus, Harvard University
“Lessons learned from case studies and best practices represent an efficient way
to gain practical insights on the implementation of ERM. Implementing Enterprise
Risk Management provides such insights from a robust collection of ERM pro-
grams across public companies and private organizations. I commend the editors
and contributors for making a significant contribution to ERM by sharing their
experiences.”
—James Lam, president, James Lam & Associates; director and Risk Oversight
Committee chairman, E∗TRADE Financial Corporation;
author, Enterprise Risk Management—From Incentives to Controls
“For those who still think that enterprise risk management is just a fad, the varied
examples of practical value-generating uses contained in this book should dispel
any doubt that the discipline is here to stay! The broad collection of practices is
insightful for students, academics, and executives, as well as seasoned risk man-
agement professionals.”
—Carol Fox, ARM, director of Strategic and Enterprise Risk Practice, RIMS
“Managing risk across the enterprise is the new frontie ...
Top of FormChapter 22 PPT - JAA Inc.–A Case Study in Creating Va.docxjuliennehar
Top of Form
Chapter 22 PPT - JAA Inc.–A Case Study in Creating Value from Uncertainty
1. How high do you assess the knowledge level of the business strategy throughout the company by the average employee? Is it your assessment that there is a robust understanding of JAA’s business strategy? Support your position with examples.
2. As you are aware, effective implementation of ISO 31000 involves effective design and implementation of a risk management framework and effective implementation of the risk management processes. This will be verified by incorporation of 11 key principles. Find an example in the case for each of the 11 principles in action.
3. If you compare the internal audit department at JAA to several that you know of currently in the marketplace, what are some of the major differences that you see at JAA that obviously have contributed to superior performance? What is unique and refreshing about the approach to the external audit as compared to what you have seen in industry?
Top of Form
Chapter 25 - Uses of Efficient Frontier Analysis in Strategic Risk Management
1. How does efficient frontier analysis (EFA) differ from other forms of complex risk assessment techniques?
2. What limitations might an analyst encounter through the use of EFA?
3. How can efficient frontier analysis results be communicated and utilized with nonmathematical decision makers?
Requirements:
· API Format, No Plagiarism, You must also use a scholarly source
· As a reminder, you must list every reference that you used to build your response then cite every reference within every sentence that you used it with a properly APA formatted citation (ABC, 2019). Citation is author last name and year.Bottom of FormBottom of Form
· You have to answer every question, No word limit. I need the answers for each and every question separately with citations matched to the references.
· Provide the answers in a word doc file for chap 22 and chap 25, like question and answers for 6 questions.
· I need the answers for each and every question separately with citations matched to the references.
Chapter 22: JAA Inc.—A Case Study in Creating Value from Uncertainty: Best Practices in Managing Risk. This case has several important take aways as follows.
· To study the importance of the communication process to the overall success of a company’s business objectives
· To understand the relationship of strategic objectives, context, stakeholders, and risk criteria and how these play a critical role in the overall effectiveness of risk management
· To understand the changing role for internal and external audit and the demands that are being placed on both groups to step up to the plateTo understand the role of the board and its various committees in a company’s overall effectiveness of risk managementTo understand the key organizations and materials from around the globe that are playing a profound thought leadership role in risk management to further enhance education/thinki ...
Scanned with CamScannerITS 835 enterprise risk managem.docxjeffsrosalyn
Scanned with CamScanner
ITS 835 enterprise risk management
Chapter 22
ERM - JAA Inc. –A Case Study in Creating Value from Uncertainty
University of Cumberlands
1
introduction
Business background
Initial steps
Evolution of Risk Management
Introduction of ISO 31000 and HB 436 to JAA
Bringing everything together
University of Cumberlands
2
Business background
JAA is a clothing wholesaler and retailer
Founded in 1972
Went public in 1998
Three operating segments
U.S. wholesale
U.S. retail
International (wholesale and retail)
57 retail stores in 10 countries
University of Cumberlands
3
Initial steps
Strategic objectives
Maintain market leadership
Sustain technology leadership
Strengthen global presence
Deliver quality service
A leader in compliance with all laws and regulation
Establish a governance system
Multiple committees, each with specific responsibilities
University of Cumberlands
4
Governance framework
University of Cumberlands
5
Evolution of risk management
Lack of strategic risk management led to many problems
Communication
Missed/lost opportunities
Lack of commitment to objectives
Declining quality
Identified gaps in risk management
Engaged in aggressive internal training
Soft skills
Team building
Management planning
University of Cumberlands
6
Introductions of iso 31000 and hb 436
JAA adopted ISO 31000
HB 436 provided extensive implementation guidance
ISO 31000 was basically an upgrade of the framework JAA was already using
ISO 31000 framework formalized JAA’s ERM
Defined organization and process
University of Cumberlands
7
Using context for risk criteria
University of Cumberlands
8
Bringing everyone together
University of Cumberlands
9
Risk map
University of Cumberlands
10
Risk attitude
University of Cumberlands
11
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and.
Sources and Resources for RC004Informed Advocacy in Early .docxrosemariebrayshaw
Sources and Resources for RC004
Informed Advocacy in Early Childhood Care and Education: Making a Difference for Young Children and Families, pp. 107-111
https://tempolearning.brightspace.com/d2l/common/dialogs/quickLink/quickLink.d2l?ou=6738&type=lti&rcode=walden-628&srcou=6738
WEBSITE: KIDS COUNT DATA CENTER
http://datacenter.kidscount.org/topics
KIDS COUNT Data Center
Annie E. Casey Foundation. (2014). KIDS COUNT data center: Data topics. Retrieved from http://datacenter.kidscount.org/topics
WEBSITE: NATIONAL AND STATE FACTS
http://www.cwla.org/our-work/advocacy/
WEBSITE: U.S. CHILD STATE DATA
http://www.cwla.org/our-work/advocacy/
WEBSITE: DATA TOOLS
http://www.nccp.org/tools/
Consider how this information will be beneficial within the context of Part 1 of your Work Product.
WEBSITE: ASSOCIATION FOR CHILDHOOD EDUCATION INTERNATIONAL
http://www.acei.org/
WEBSITE: DIVISION FOR EARLY CHILDHOOD
http://www.dec-sped.org/
WEBSITE: INTERNATIONAL READING ASSOCIATION
http://www.reading.org/
WEBSITE: NATIONAL ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN
http://www.naeyc.org/
WEBSITE: NATIONAL BLACK CHILD DEVELOPMENT INSTITUTE
http://www.nbcdi.org/
BOOK EXCERPT: DEVELOPING INITIATIVES
https://tempolearning.brightspace.com/d2l/common/dialogs/quickLink/quickLink.d2l?ou=6738&type=lti&rcode=walden-640&srcou=6738
The following links lead to early childhood advocacy initiatives that focus on social change on behalf of children, families, and the early childhood field.
WEBSITE: WORLDWIDE TEACHER SHORTAGE: REGIONAL AND GLOBAL IMPLICATIONS
http://www.businessinsider.com/theres-a-massive-global-teacher-shortage-2016-10
WEBSITE: LEGISLATIVE HOT TOPICS
https://www.literacyworldwide.org/
WEBSITE: TAKEN ACTION NOW
http://www.naeyc.org/policy/action
WEBSITE: WHAT WE DO: POLICY
http://www.nbcdi.org/what-we-do/policy
BOOK EXCERPT: COMPREHENSIVE DEVELOPMENTAL SCREENING
As you read this information and the Guided Notes , consider how these apply to Part 2 and Part 3 of your Work Product.
https://tempolearning.brightspace.com/d2l/common/dialogs/quickLink/quickLink.d2l?ou=6738&type=lti&rcode=walden-647&srcou=6738
https://tempolearning.brightspace.com/d2l/common/dialogs/quickLink/quickLink.d2l?ou=6738&type=lti&rcode=walden-747&srcou=6738
https://tempolearning.brightspace.com/d2l/common/dialogs/quickLink/quickLink.d2l?ou=6738&type=lti&rcode=walden-2320&srcou=6738
This information is beneficial in the context of Part 2 and Part 3 of your Work Product.
ARTICLE: HOW TO BE A VOICE FOR BABIES: USING DATA TO ADVOCATE EFFECTIVELY
https://www.zerotothree.org/resources/496-how-to-use-data-to-advocate-effectively
ARTICLE: EFFECTIVE COMMUNICATION ABOUT THE EARLY YEARS: UNDERSTANDING THE BASICS OF FRAMING
https://www.zerotothree.org/resources/482-understand-the-basics-of-framing-to-communicate-effectively
ARTICLE: EFFECTIVE COMMUNICATION ABOUT THE EARLY YEARS: THE ELEMENTS OF THE FRAME: PART ONE
https://www.zerotothree.org/resources/483-the-elements.
BUSB342 - International BusinessCore Concepts· International.docxjasoninnes20
BUSB342 - International Business
Core Concepts
· International Business
· International Strategy
· Corporate Social Responsibility (CSR)
· Sustainable strategies
· International Market research
· Cultures
· Brick-and-mortar
· Pull Strategy
· Entrepreneurs
· Creating Value
· Profit Growth
· Common Laws
· Political Risk
· Supply Chain Management
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Management
“The authors—Fraser, Simkins, and Narvaez—have done an invaluable service to
advance the science of enterprise risk management by collecting an extensive num-
ber of wonderful case studies that describe innovative risk management practices
in a diverse set of companies around the world. This book should be an extremely
valuable source of knowledge for anyone interested in the emerging and evolving
field of risk management.”
—Robert S. Kaplan, senior fellow, Marvin Bower Professor of Leadership
Development, emeritus, Harvard University
“Lessons learned from case studies and best practices represent an efficient way
to gain practical insights on the implementation of ERM. Implementing Enterprise
Risk Management provides such insights from a robust collection of ERM pro-
grams across public companies and private organizations. I commend the editors
and contributors for making a significant contribution to ERM by sharing their
experiences.”
—James Lam, president, James Lam & Associates; director and Risk Oversight
Committee chairman, E∗TRADE Financial Corporation;
author, Enterprise Risk Management—From Incentives to Controls
“For those who still think that enterprise risk management is just a fad, the varied
examples of practical value-generating uses contained in this book should dispel
any doubt that the d ...
BUSB342 - International BusinessCore Concepts· International.docxfelicidaddinwoodie
BUSB342 - International Business
Core Concepts
· International Business
· International Strategy
· Corporate Social Responsibility (CSR)
· Sustainable strategies
· International Market research
· Cultures
· Brick-and-mortar
· Pull Strategy
· Entrepreneurs
· Creating Value
· Profit Growth
· Common Laws
· Political Risk
· Supply Chain Management
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Management
“The authors—Fraser, Simkins, and Narvaez—have done an invaluable service to
advance the science of enterprise risk management by collecting an extensive num-
ber of wonderful case studies that describe innovative risk management practices
in a diverse set of companies around the world. This book should be an extremely
valuable source of knowledge for anyone interested in the emerging and evolving
field of risk management.”
—Robert S. Kaplan, senior fellow, Marvin Bower Professor of Leadership
Development, emeritus, Harvard University
“Lessons learned from case studies and best practices represent an efficient way
to gain practical insights on the implementation of ERM. Implementing Enterprise
Risk Management provides such insights from a robust collection of ERM pro-
grams across public companies and private organizations. I commend the editors
and contributors for making a significant contribution to ERM by sharing their
experiences.”
—James Lam, president, James Lam & Associates; director and Risk Oversight
Committee chairman, E∗TRADE Financial Corporation;
author, Enterprise Risk Management—From Incentives to Controls
“For those who still think that enterprise risk management is just a fad, the varied
examples of practical value-generating uses contained in this book should dispel
any doubt that the d.
ITS 835 Module One Essay Guidelines and Rubric Topic C.docxvrickens
ITS 835 Module One Essay Guidelines and Rubric
Topic: Chapter 7 – “Turning the Organizational Pyramid Upside Down Ten Years of Evolution in Enterprise Risk Management at United Grain
Growers”
Overview: Few companies stand out as successful pioneers in enterprise risk management (ERM), especially one that undertook the initiative
almost 15 years ago. One such ERM pioneer was United Grain Growers (UGG), a conservative 100-year-old Winnipeg, Canada– based grain
handler and distributor of farm supplies. Review the case study in Chapter Seven (7) of the textbook to understand the details of their ERM
journey.
Answer the following questions regarding this case study:
1. Why does a more participative management style (“tipping the pyramid over”) lead to greater responsiveness to customers' needs,
increased accountability, and more innovative solutions to challenges than a hierarchical “command and control” structure?
2. Under what circumstances might the hierarchical “command and control” structure produce superior results?
3. What factors do you believe led UGG/ AU to be pioneers in ERM? Was it the industry/ company/ history/ circumstances? Was it a
changed organizational “culture” or perhaps good management? Describe the leading factor(s) in your response.
Guidelines for Submission: Using APA 6th edition style standards, submit a Word document that is 2-4 pages in length (excluding title page,
references, and appendices) and include at least two credible scholarly references to support your findings. The UC Library is a good place to find
these sources. Be sure to cite and reference your work using the APA guides and essay template that are located in the courseroom.
Required elements:
Please ensure your paper complies APA 6th edition style guidelines. There is an essay template located under the Information link.
APA basics:
o Your essay should be typed, double-spaced on standard-sized paper (8.5" x 11")
o Use 1" margins on all sides, first line of all paragraphs is indented ½” from the margin
o Use 12 pt. Times New Roman font
Follow the outline provided above and use section headers to improve the readability of your paper. If I cannot read and understand it,
you will not earn credit for the content.
Critical Elements Proficient (100%) Needs Improvement (70%) Not Evident (0%) Value
Participative management
style
Explains why a participative
management style led to greater
responsiveness to customers’
needs, increased accountability,
and more innovative solutions to
challenges.
Explains why a participative
management style led to greater
responsiveness to customers’ needs,
but does not explain how it
increased accountability, and more
innovative solutions to challenges.
Does not explains why a
participative management style
led to greater responsiveness to
customers’ needs, and does not
explain how it increased
accountability, and more
innovative solutions to
challenges. ...
Grading Rubric
F
F
C
B
A
0
1
2
3
4
Not Submitted
No Pass
Competence
Proficiency
Mastery
Not Submitted
The reference list is incomplete.
The reference list contains references, but there are APA format issues.
The reference list is complete and APA format is correct, but include references older than five years.
The reference list is complete, formatted correctly in APA, and the references are within the past five years.
Not Submitted
The reference list contains little relevant quality management references.
The reference list contains an adequate amount of relevant quality management references, but all sources lack credibility.
The reference list contains adequate amount of relevant quality management references, but some sources lack credibility.
The reference list contains substantial (6+) quality management references of high credibility.
Not Submitted
The reference list contains few relevant quality measure references.
The reference list contains an adequate amount of relevant quality measure references, but all sources lack credibility.
The reference list contains adequate amount of relevant quality measure references, but some sources lack credibility.
The reference list contains substantial (6+) quality measure references of high credibility.
Not Submitted
The submission contains a loose description explaining the process used.
The submission contains a minimal description explaining the process used and some search criteria descriptors.
The submission contains a good description explaining the process and search criteria descriptors.
The submission contains a clear description including fully showcased and explained search criteria descriptors.
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Manageme ...
Week 5 Post-Course Assessment Quiz
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Management
“The authors—Fraser, Simkins, and Narvaez—have done an invaluable service to
advance the science of enterprise risk management by collecting an extensive num-
ber of wonderful case studies that describe innovative risk management practices
in a diverse set of companies around the world. This book should be an extremely
valuable source of knowledge for anyone interested in the emerging and evolving
field of risk management.”
—Robert S. Kaplan, senior fellow, Marvin Bower Professor of Leadership
Development, emeritus, Harvard University
“Lessons learned from case studies and best practices represent an efficient way
to gain practical insights on the implementation of ERM. Implementing Enterprise
Risk Management provides such insights from a robust collection of ERM pro-
grams across public companies and private organizations. I commend the editors
and contributors for making a significant contribution to ERM by sharing their
experiences.”
—James Lam, president, James Lam & Associates; director and Risk Oversight
Committee chairman, E∗TRADE Financial Corporation;
author, Enterprise Risk Management—From Incentives to Controls
“For those who still think that enterprise risk management is just a fad, the varied
examples of practical value-generating uses contained in this book should dispel
any doubt that the discipline is here to stay! The broad collection of practices is
insightful for students, academics, and executives, as well as seasoned risk man-
agement professionals.”
—Carol Fox, ARM, director of Strategic and Enterprise Risk Practice, RIMS
“Managing risk across the enterprise is the new frontie ...
Top of FormChapter 22 PPT - JAA Inc.–A Case Study in Creating Va.docxjuliennehar
Top of Form
Chapter 22 PPT - JAA Inc.–A Case Study in Creating Value from Uncertainty
1. How high do you assess the knowledge level of the business strategy throughout the company by the average employee? Is it your assessment that there is a robust understanding of JAA’s business strategy? Support your position with examples.
2. As you are aware, effective implementation of ISO 31000 involves effective design and implementation of a risk management framework and effective implementation of the risk management processes. This will be verified by incorporation of 11 key principles. Find an example in the case for each of the 11 principles in action.
3. If you compare the internal audit department at JAA to several that you know of currently in the marketplace, what are some of the major differences that you see at JAA that obviously have contributed to superior performance? What is unique and refreshing about the approach to the external audit as compared to what you have seen in industry?
Top of Form
Chapter 25 - Uses of Efficient Frontier Analysis in Strategic Risk Management
1. How does efficient frontier analysis (EFA) differ from other forms of complex risk assessment techniques?
2. What limitations might an analyst encounter through the use of EFA?
3. How can efficient frontier analysis results be communicated and utilized with nonmathematical decision makers?
Requirements:
· API Format, No Plagiarism, You must also use a scholarly source
· As a reminder, you must list every reference that you used to build your response then cite every reference within every sentence that you used it with a properly APA formatted citation (ABC, 2019). Citation is author last name and year.Bottom of FormBottom of Form
· You have to answer every question, No word limit. I need the answers for each and every question separately with citations matched to the references.
· Provide the answers in a word doc file for chap 22 and chap 25, like question and answers for 6 questions.
· I need the answers for each and every question separately with citations matched to the references.
Chapter 22: JAA Inc.—A Case Study in Creating Value from Uncertainty: Best Practices in Managing Risk. This case has several important take aways as follows.
· To study the importance of the communication process to the overall success of a company’s business objectives
· To understand the relationship of strategic objectives, context, stakeholders, and risk criteria and how these play a critical role in the overall effectiveness of risk management
· To understand the changing role for internal and external audit and the demands that are being placed on both groups to step up to the plateTo understand the role of the board and its various committees in a company’s overall effectiveness of risk managementTo understand the key organizations and materials from around the globe that are playing a profound thought leadership role in risk management to further enhance education/thinki ...
Operations Management MGT 320 – Spring 2020Additional As.docxamit657720
Operations Management MGT 320 – Spring 2020
Additional Assessment (11.5 %) – Chapter 3
Start Date: 26 April 2020 - 8:00 pm
Due Date: 21 May 2020 - 11:59 pm
(Note: please upload your answer on Moodle using Additional Assessment Submission Link)
Student Name:
Student ID:
Section:
1. Following table shows the sales of smart phones for the past several months. Use this data to answer the following questions.
Month
Products sold
3WMA Forecast
Exp. Smoothing Forecast
1
511
2
524
3
522
4
522
5
533
6
540
7
552
8
a. Find the forecast for month 8 using 3 month weighted moving average (3WMA) with weights (0.5, 0.3 and 0.2). The most recent day having the most weight. (15 Points)
b. Find the forecast for month 8 using exponential smoothing with the smoothing constant 0.2 (20 Points)
c. Compare the two methods using MSE as a measure of error. Which method is better for this data? (15 Points)
2. What does qualitative forecasting mean? When is qualitative forecasting used? Describe two qualitative techniques and indicate at least two advantages and two disadvantages for each technique. (30 Points)
3. Briefly describe the four components of time series data. (20 Points)
The End
1
Additional Assessment (11.5 %) Spring 2020
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Management
“The authors—Fraser, Simkins, and Narvaez—have done an invaluable service to
advance the science of enterprise risk management by collecting an extensive num-
ber of wonderful case studies that describe innovative risk management practices
in a dive.
Operations Management MGT 320 – Spring 2020Additional As.docxmccormicknadine86
Operations Management MGT 320 – Spring 2020
Additional Assessment (11.5 %) – Chapter 3
Start Date: 26 April 2020 - 8:00 pm
Due Date: 21 May 2020 - 11:59 pm
(Note: please upload your answer on Moodle using Additional Assessment Submission Link)
Student Name:
Student ID:
Section:
1. Following table shows the sales of smart phones for the past several months. Use this data to answer the following questions.
Month
Products sold
3WMA Forecast
Exp. Smoothing Forecast
1
511
2
524
3
522
4
522
5
533
6
540
7
552
8
a. Find the forecast for month 8 using 3 month weighted moving average (3WMA) with weights (0.5, 0.3 and 0.2). The most recent day having the most weight. (15 Points)
b. Find the forecast for month 8 using exponential smoothing with the smoothing constant 0.2 (20 Points)
c. Compare the two methods using MSE as a measure of error. Which method is better for this data? (15 Points)
2. What does qualitative forecasting mean? When is qualitative forecasting used? Describe two qualitative techniques and indicate at least two advantages and two disadvantages for each technique. (30 Points)
3. Briefly describe the four components of time series data. (20 Points)
The End
1
Additional Assessment (11.5 %) Spring 2020
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Management
“The authors—Fraser, Simkins, and Narvaez—have done an invaluable service to
advance the science of enterprise risk management by collecting an extensive num-
ber of wonderful case studies that describe innovative risk management practices
in a dive.
Weekly Article #3
77 unread replies.77 replies.
Class -
You are required to analyze an online research and select any article related to the following topics,
- A comprehensive model of entrepreneurship- Five entrepreneurial strategies
Each student will locate and review an article relevant to the topic of the class. The review is between 400-to-550 words and should summarize the article. Please include how it applies to our topic, and why you found it interesting. Please post the text in the Discussion Board by Friday . No attachments, please.
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Management
“The authors—Fraser, Simkins, and Narvaez—have done an invaluable service to
advance the science of enterprise risk management by collecting an extensive num-
ber of wonderful case studies that describe innovative risk management practices
in a diverse set of companies around the world. This book should be an extremely
valuable source of knowledge for anyone interested in the emerging and evolving
field of risk management.”
—Robert S. Kaplan, senior fellow, Marvin Bower Professor of Leadership
Development, emeritus, Harvard University
“Lessons learned from case studies and best practices represent an efficient way
to gain practical insights on the implementation of ERM. Implementing Enterprise
Risk Management provides such insights from a robust collection of ERM pro-
grams across public companies and private organizations. I commend the editors
and contributors for making a significant contribution to ERM by sharing their
experiences.”
—James Lam, president, James Lam & Associates; director and Risk Oversight
Committee chairman, E∗TRADE Financial Corporation;
author, Enterprise Risk Management—From Incent ...
ITS 835 Module Three Essay Guidelines and Rubric Topic .docxvrickens
ITS 835 Module Three Essay Guidelines and Rubric
Topic: Chapter 14 – “A Strategic Approach to Enterprise Risk Management at Zurich Insurance Group”
Overview: This case study focuses on how Zurich uses a variety of methodologies and tools to manage its business risk. Zurich's risk profiling is a
focused and disciplined approach to identifying, assessing, and monitoring holistic risks and improvement actions needed. By embedding this
methodology into its risk culture, this has helped ensure its risk management culture is consistent and effective across its various business units.
More information on Zurich's Strategic Risk Management work can be found at https://www.zurichna.com/en/risk
Review the case study in Chapter 14 of the textbook.
Please explain the following:
1. How do Zurich ERM tools help them better understand their existing and emerging risks?
2. How are Zurich’s risk roles and responsibilities impacting their risk culture?
3. Provide at least two examples of how Zurich has created new value through their ERM program.
Guidelines for Submission: Using APA 6th edition style standards, submit a Word document that is 2-4 pages in length (excluding title page,
references, and appendices) and include at least two credible scholarly references to support your findings. The UC Library is a good place to find
these sources. Be sure to cite and reference your work using the APA guides and essay template that are located in the courseroom.
Required elements:
Please ensure your paper complies APA 6th edition style guidelines. There is an essay template located under the Information link.
APA basics:
o Your essay should be typed, double-spaced on standard-sized paper (8.5" x 11")
o Use 1" margins on all sides, first line of all paragraphs is indented ½” from the margin
o Use 12 pt. Times New Roman font
Follow the outline provided above and use section headers to improve the readability of your paper. If I cannot read and understand it,
you will not earn credit for the content.
https://www.zurichna.com/en/risk
Critical Elements Proficient (100%) Needs Improvement (70%) Not Evident (0%) Value
Zurich ERM tools
Explains how Zurich’s ERM tools
help them better understand their
existing and emerging risks.
Provides short explanation of how
Zurich’s ERM tools help them better
understand their existing and
emerging risks. Explanation lacks
detail.
Does not explain how Zurich’s
ERM tools help them better
understand their existing and
emerging risks.
30
Zurich’s risk roles and
responsibilities
Describes how Zurich’s risk roles
and responsibilities impacting their
risk culture.
Provides short description of how
Zurich’s risk roles and responsibilities
impacting their risk culture.
Explanation lacks detail.
Does not describe how Zurich’s
risk roles and responsibilities
impacting their risk culture.
30
Examples that have created
new value through ERM
Provides example ...
Running head COMPANY SELECTION1COMPANY SELECTION4CO.docxhealdkathaleen
Running head: COMPANY SELECTION
1
COMPANY SELECTION
4
COMPANY SELECTION (Amazon)
Company Selection
Amazon Organization Background
According to the studies, Amazon is one of the multinational companies based in the USA. Its headquarters are located in Seattle, Washington. Amazon operates in the e-commerce business, digital streaming, and cloud computing and artificial intelligence. Recent news indicates that Amazon has had various organizational issues, especially on the leadership aspect (Ott, 2012).
Organization issues in Amazon
Insensitive management. Reports reveal that the employees with different personal hardships such as miscarriages, cancer and other personal problems were significantly faced with unfair judgements. Others were given limited time to recover from their issues, which created a lot of issues for the employees.
Unfair ranking system. The Amazon management holds annual organizational-level reviews to discuss and determine the ranking of the subordinates. The reviews start with a discussion concerning the lower-level employees in front of the senior managers. Consequently, the king of review system employees in the raking system is not correct. It leads to the discrimination of some employees while favoring others.
Lack of benefits. Benefits are essential in any company to boost the motivation of the workers. However, Amazon fails to provide its employees with benefits such as meals, personal wellness and other critical benefits that can motivate the employees. Hence, Amazon gives no priority to its workers. Instead, the new employees are required to repay a share of their signing bonus if one quits before the years’ time. Such acts are discriminative.
Why do such issues hinder Amazon organizational efficiency?
Organizational issues contribute to organization controversies. The organization issues in Amazon provides to workers turn over. Besides, an unfair ranking system contributes to a poor relationship between the management and the workers. Also, the lack of benefits lowers the morale of the workers, thus reducing organizational productivity (Robbins & Judge, 2012). Hence, for an organization to succeed ant attain its set objective organizational issues should be avoided.
References
Ott, J. S. (2012). The organizational culture perspective (pp. 221-243). Chicago: Dorsey Press.
Robbins, S. P., & Judge, T. (2012). Essentials of organizational behavior.
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the ...
Running Head: FOOTPRINT
1
FOOTPRINT 2
Footprint
Data
Course
Date of Submission
ECOLOGICAL FOOTPRINT
Hectares:
2
# Earths:
1
Top 3 Consumption Categories:
Processed meat
Car use
Flight hours
CARBON FOOTPRINT
Carbon Emissions (lbs):
0.524
WATER FOOTPRINT
Gallons per day:
90
Top 3 Contributors:
Meat
Soybean
Rice
As I conducted my research on ecological footprint, I realized that my consumption way high than it should be. From the research, I realized that I require an approximate of 10 GHA to aid me in realizing what requires to be carried out to lead to a reduced footprint. Carrying out the assignment helped me to realize that I personally have a huge impact on the environment and the resultant effects of environmental degradation. The most shocking I learned through this project is the fact that consuming processed foods played a huge role in increasing my footprint. I will embrace using local foods and prepare my own meat and beer instead of buying the processed ones. The research made me believe that as humans, we should use more of the products based on animals instead of depending on the processed ones. To get the most suitable and accurate calculations, I will keep a close track of my usage of the meat and other locally produced products. The research made me think that we, as humans, are failing at protecting the environment. If we fail to be keen at protecting it, the earth will not b enough for us to live in.
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Management
“The authors—Fraser, Simkins, and Narvaez—have done an invaluable ...
Running Head: FOOTPRINT
1
FOOTPRINT 2
Footprint
Data
Course
Date of Submission
ECOLOGICAL FOOTPRINT
Hectares:
2
# Earths:
1
Top 3 Consumption Categories:
Processed meat
Car use
Flight hours
CARBON FOOTPRINT
Carbon Emissions (lbs):
0.524
WATER FOOTPRINT
Gallons per day:
90
Top 3 Contributors:
Meat
Soybean
Rice
As I conducted my research on ecological footprint, I realized that my consumption way high than it should be. From the research, I realized that I require an approximate of 10 GHA to aid me in realizing what requires to be carried out to lead to a reduced footprint. Carrying out the assignment helped me to realize that I personally have a huge impact on the environment and the resultant effects of environmental degradation. The most shocking I learned through this project is the fact that consuming processed foods played a huge role in increasing my footprint. I will embrace using local foods and prepare my own meat and beer instead of buying the processed ones. The research made me believe that as humans, we should use more of the products based on animals instead of depending on the processed ones. To get the most suitable and accurate calculations, I will keep a close track of my usage of the meat and other locally produced products. The research made me think that we, as humans, are failing at protecting the environment. If we fail to be keen at protecting it, the earth will not b enough for us to live in.
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Management
“The authors—Fraser, Simkins, and Narvaez—have done an invaluable .
ITS 835Chapters 30, 31, 34Miscellaneous Case Studies on .docxvrickens
ITS 835
Chapters 30, 31, 34
Miscellaneous Case Studies on ERM and RIsk
Enterprise Risk Management
Professor Miguel Buleje
Overview
• Three case studies
• Alleged Corruption at Chessfield
• Bon Boulangerie
• Building an ERM Program at General Motors
• Different scenarios and organizations
• Useful in examining broader implications
• Look for similarities
Alleged Corruption at Chessfield
• Chessfield
• Fictional private American company in sports and entertainment
• HQ in NYC
• “Good ol’ boys” board
• Informal governance
• Whistle-blower
• CEO compensation very high (4x comparable peers)
• Potential environment for excessive risk taking
• Chessfield CEO requested independent governance
review
Chessfield, cont’d.
• Review included
• Document review – minimal documentation
• Interviews – substantial discontent and lack of confidence in
leadership
• CEO compensation
• Limited documentation to support decision
• Basis seemed to be long relationship with decision makers
• Industry standard metrics missing
• Risk management
• Few risk management protocols or controls
• Most processes were manual (i.e. no IT)
Chessfield, cont’d.
• Review resulted in 45 recommendations
• 43 from reviewer
• 2 added by regulator
• All but 2 recommendations were accepted, which were
• 3 longest serving board member resign
• A female be selected for directorship and compensation
committee
• Identify broad implications of this case
Bon Boulangerie
• Bakery in Oakville, Ontario
• When purchased, single site retail and café
• Ray Pane added wholesale operation
• Plan to expand wholesale business
• From 20km to 120km coverage
• Include grocery stores
• Add product line
• Goal: triple profits in 3 years
• What are the operational risks?
Building an ERM Program at General
Motors
• Background
• GM approach to ERM
• Game theory
• Looking forward
ERM at GM Background
• ERM program began in 2010
• ERM to help achieve competitive advantage
• New CEO
• GM bankruptcy in 2009
• CRO appointed
• Financial and Risk Policy Committee formed
• Risk officers identified and aligned to all CEO direct
reports
• GM embraced aggressive ERM
GM Approach to ERM
• ERM built on GM’s vision
• Design, build, and sell the world’s best vehicles
• Identify and manage key risks
• Bottom-up approach
• Focus on “what can go right”
• Lessons learned
• Gave responsibility of assessing risk probability and impact to senior
executives
• Replaced ranked risk list with tiered list
• Implemented a 5 point scale to measure
• Inherent risk
• Current risk
• Residual risk
Game Theory
Looking Forward
• Top risk attention in place
• Ready to add focus on day-to-day operational risks
• Developing program for operational control self-
assessment (CSA)
• Approach is a policy-based CSA
• Starts with simple yes-no questions to line managers
• Benefits of a policy-based program
• Policy can be leveraged to ensure results
• Helps to educ ...
Chukss StrengthsShare your strengths twitterfacebook.docxmccormicknadine86
Chuks's Strengths
Share your strengths
twitter
facebook
Chuks - What makes you unique? Go learn more about your top Strengths below.
RANK
STRENGTH
1
Connectedness
LEARN MORE
RELATIONSHIP BUILDING
People who are especially talented in the Connectedness theme have faith in the links between all things. They believe there are few coincidences and that almost every event has a reason.
2
Includer
LEARN MORE
RELATIONSHIP BUILDING
People who are especially talented in the Includer theme are accepting of others. They show awareness of those who feel left out, and make an effort to include them.
3
Self-Assurance
LEARN MORE
INFLUENCING
People who are especially talented in the Self-Assurance theme feel confident in their ability to manage their own lives. They possess an inner compass that gives them confidence that their decisions are right.
4
Belief
LEARN MORE
EXECUTING
People who are especially talented in the Belief theme have certain core values that are unchanging. Out of these values emerges a defined purpose for their life.
5
Responsibility
LEARN MORE
EXECUTING
People who are especially talented in the Responsibility theme take psychological ownership of w
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Management
“The authors—Fraser, Simkins, and Narvaez—have done an invaluable service to
advance the science of enterprise risk management by collecting an extensive num-
ber of wonderful case studies that describe innovative risk management practices
in a diverse set of companies around the world. This book should be an extremely
valuable source of knowledge for anyone interested in the emerging and evolving
field of risk management.”
—Robert S. Kaplan, senior fellow, Marvin Bower Professor of Leadership
...
For this homework activity, you will find and examine indicators o.docxshericehewat
For this homework activity, you will find and examine indicators of urbanization for your four selected countries. Compile Parts A, B, and C into a single document (Save as a PDF file type)
There are three parts to this exercise:
1. Urban growth trends (Table)
2. Largest cities (List and screen shots)
3. Discussion (written narrative)
Part A: Urban growth trends
Create a table that includes the following 5 urban growth indicators for your four countries. Links to finding the urban growth indicators are outlined below.
My four countries are: Afghanistan, Philippines, Mexico, Japan
Table: Urban growth trends (SAMPLE)
Ireland
Ukraine
Tajikistan
Percentage of population in urban areas
Percentage urban of region or sub-region (please name the region)
Average Annual Rate of Change of the Urban Population (per cent)
1950-1955
Average Annual Rate of Change of the Urban Population (per cent)
1990-1995
Average Annual Rate of Change of the Urban Population (per cent)
2010-2015
Informal Employment (Labor) Share of Total
· Percentage of population in urban and rural areascan be found here https://population.un.org/wup/Country-Profiles/
· Percentage urban by region or subregioncan also be found here https://population.un.org/wup/Country-Profiles/ (please specify the region or sub-region)
· Average Annual Rate of Change of the Urban Population (per cent)
· https://population.un.org/wup/
· Select: Interactive Data
· Select:Average Annual Rate of Change of the Urban Population (per cent)
· Use regional nested lists to select (check box) all four of your countries.
· Click Next
· On the year selection page, select only these three time periods (blue indicates it is selected):
· 1950-1955
· 1990-1995
· 2010-2015
· Click next
· Informal Employment (Labor) Share of Total, Non-Agricultural (Percent)
· This data can be accessed here on Google Public Data:
· https://www.google.com/publicdata/explore?ds=n4ff2muj8bh2a_&ctype=l&strail=false&bcs=d&nselm=h&met_y=LABINFORMSHR&fdim_y=scenario:1&scale_y=lin&ind_y=false&rdim=world&idim=world:world&ifdim=world&ind=false
Part B: Largest Cities
For Part B, create a list of the 5 largest cities for each country, and insert screenshots of the Urban Population by Size Class of Urban Settlement.
Create a list of the five largest cities for your countries.
Option 1:
· https://population.un.org/wup/
· Select: Interactive Data
· Select: Annual Population of Urban Agglomerations with 300,000 or more in 2018 (thousands)
· Use regional nested lists to select (check box) all four of your countries.
· Click Next
· On the year selection page, just click “Next” (this accepts the default selection of every 5 years between 1950 and 2035)
· For each country, list the 5 largest cities and the population in 1950,2015, and 2035. (Some countries will not have 5 cities listed. Others will have numerous cities).
Option 2: (if option 1 does not produce much information)
· Google search: “ largest cities [enter your ...
ITS 835 enterprise risk managementChapter 26-29Review of 4 M.docxvrickens
ITS 835 enterprise risk management
Chapter 26-29
Review of 4 Mini case studies on ERM and Risk
University of Cumberlands
1
overview
Collection of four mini-cases
Leaves open ended questions
Presents real life situations
And needs for ERM
Mini-Cases
BimConsultants Inc.
Nerds Galore
The Reluctant General Counsel
Transforming Risk Management at Akawini Copper
University of Cumberlands
2
Bim Consultants Inc.
Consulting firm
10 offices in Canada
3,000 staff
30 partners
“Customers are number one”
But revenue is stagnant
Opportunity to buy out competitor
Purchase would double size and sales
Negotiations must be kept confidential
University of Cumberlands
3
Nerds galore
Canadian IT service company
12 offices
1,000 employees
Grew from founder’s garage
Shift from small start-ups to medium size customers
High turnover of 20% is causing concern
Decreasing customer satisfaction
Steady revenue (for now)
Strategy from new HR VP
Attract the best talent
Retain good people
Manage talent
Optimize the use of people
Rely on outsourcers
Executive team workshop to explore HR risks
Inability to recruit people with needed skills
Loss of staff with key internal knowledge
Uncompetitive labor production
Increased departures of skilled technical staff
Loss of key business know-how
University of Cumberlands
4
The Reluctant General Counsel
Business Software Corporation (BSC)
Silicon Valley, CA
Annual revenue over $1 billion
Board wants ERM
Upper management supports establishing ERM
EVP of development and general counsel
Doesn’t want to be involved in ERM
Risk discussions could be discoverable in lawsuits
U.S. Securities and Exchange Commission (SEC)
Requires disclosure of risks
Recommendation is to not formally pursue ERM
University of Cumberlands
5
Transforming Risk Management at Akawini Copper
Akawini Copper
Mining company acquired by larger United Minerals
Single mine and plant • $774 million in revenue
1,500 employees
United Minerals implemented ISO 31000 framework
Substantially more sophisticated than Akawini’s RM
Launched project to transform Akawini RM to ERM
University of Cumberlands
6
Keyword Driven Testing
Dhwani patel
A keyword-driven test is an executable collection of keywords
Keyword-Driven Testing [1]
Type of functional automation testing framework known as table-driven testing or action word based testing.
Is a software testing methodology that separates test design from test development.
A keyword-driven test can be played back just like any other test.
Test case framework division [3]
Test step: description of action going to perform on test object.
Test object: it is the name of the web page object like username and password.
Action: is the name of action, which is going to perform on any action such as click, open browser, input, etc.
Test Data: Data can be any value which is needed by the object to perform any action, like username value for username field.
Project Goa ...
ERM Implementation ERM is essential for organizations.docxelbanglis
ERM Implementation
ERM is essential for organizations in managing risks and improve on opportunities related to the achievement of organizational objectives. Statoil and United Grain Growers have established an enterprise risks management that meets their company goals based on the challenges each of them is facing.
The primary difference between ERM in Statoil and United Grain Growers is that ERM will affect management at the latter. Additionally, ERM at United Grain Growers seeks to retrieve the company from financial constraints while at Statoil, ERM seeks to improve organizational performance. However, ERM at the two companies share some similarities. For instance, ERM at United Grain Growers seeks to identify and access principle risks. The same applies to Statoil which seeks to identify any potential risks during the exercise. Besides, the two companies have a strategic risk plan. A strategic plan is essential as it outlines the role of a manager, CEO and everyone involved in the steps of an ERM (Robert and Liebenberg, 2011). United Grain growers has a strategic plan to improve financial dividends while Statoil has a risk map and committee with outlined roles and responsibilities.
The Statoil ERM seems workable and productive meaning I can implement it is it were up to me. On the contrary, I will not implement the United Grain Growers ERM. In my opinion, the ERM lacks the potential to solve financial constraints that the company is experiencing. However, some parts of it are productive, but a merger comes in with other risks for the struggling company. For instance, a merger will lead to employee layoff which might put the company at a risk of losing some important skills (Chui, 2011). Additionally, the company assets might be miscalculated during financial evaluation leading to more losses.
Generally, the ERM at Statoil might be successful in future because it is based on company goals and values. On the contrary, UGG ERM might not succeed because there are many risks associated with its strategy for implementation.
References
Chui, B.S. 2011. A Risk Management Model for Merger and Acquisition.
Robert, E.H. and Liebenberg, A.P. (2011). The Value of Enterprise Risk Management. The
Journal of Risk and Insurance, 78(4).pp. 795-822.
https://doi.org/10.1111/j.15396975.2011.01413.x
According to Brustbauer, 2016 Enterprise risk management help the company prepare for the uncertainties and disasters that may occur all along. Every business must identify the threats likely to face the business and come up with a contingency plan. Different companies faces different threats and uncertainties and therefore while coming up with the risk management plan one must consider the uniqueness of the enterprise and the likely threats to occur. These differences make the companies and business have different hierarchy of risks that are likely to occur. This paper is going to compare and contrast the enterprise risk management of the united g ...
ITS 835Chapter 12Measuring Performance at mariuse18nolet
ITS 835
Chapter 12
Measuring Performance at Intuit
Enterprise Risk Management
Dr. James C. Hyatt
Miguel Buleje
Introduction
Intuit’s ERM Journey
ERM Maturity Model
Benefits of Measuring Performance in ERM Models
ERM Performance Measurement and Reporting
Conclusion
Intuit’s ERM Journey
INTRO to Intuit: Biz and Financial Software Corporation. Offerings include QuickBooks, Quicken, Turbo Tax
Began with ad hoc risk management
Very common entry point
Escalated to ERM when seminal event occurred
Desire was to stop firefighting and start prevention.
Proactive approach, as resources were pulled from Operations
Intuit ERM Core Principles
Enterprise-wide risk framework
Risk assessment is ongoing
Focus on most significant risks
Ownership and accountability
Measure and monitor performance
ERM Maturity Model
Risk Management Maturity Model
Stakeholders Value increases as Risk Management Capability Increase
Ad Hoc Risk Management - Starting Point
Targeted Risk Management – progress and next step. More proactive. Organized.
Integrated Risk Framework – Really taking this the next level with formal framework. Value starts to increase
Risk Intelligence - Feedback loop. Really taking advantage to predict, and use intelligence to take action.
Risk Leadership – Move from Reactive to Proactive. Optimize and Capitalize positive outcomes around risk.
4
Benefits of Measuring Performance in ERM Models
Key Performance Indicators (KPI)
Based on business objectives
Quantitative and qualitative KPI
Leading (looking into future/ predictive approach) and
Lagging (trending / historical performance) indicators
Input, process, and output indicators ( optimized for end to end processes).
KPIs must be
Tangible
Flexible
Standardized
Outcome or objective focused
ERM Performance Measurement and Reporting
First evolution - ERM process adoption
Second evolution – Risk Mitigation Process Management
Third Evolution – Multidimensional Risk Management Performance Measurement
Outcome: executive dashboard for reporting.
ERM Process Adoption
7
Risk Mitigation Process Management
Multidimensional Risk Management Performance Measurement
3er Evolution
Culmination of INTUIT enterprise risk management: Dashboards
KPI status by risk.
Clear where attention goes, by Risk .
They do not care about green. Focus on Reds and Yellow.
At a glance exes are able to determine what risk would cause issues.
9
Conclusion
At Intuit, risk management is everyone’s responsibility
ERM must be a core business competency
Coordination is a key to success
ERM Recognizes
Upside opportunity
Downside risk
ERM process is regularly audited
ERM is an integral part of Intuit’s operating model
Sheet1TitleYearLengthViolence timeInjuriesFatal injuriesGood/neutral injuriesGood/neutral fatalitiesBad injuriesBad fatalitiesSnow White and the Seven Dwarfs19375040474211011Fantasia19407200307111100Pinoc ...
Gandu Discussion-14COLLAPSETop of FormThe ERM implementati.docxshericehewat
Gandu
Discussion-14
COLLAPSE
Top of Form
The ERM implementation at Workers’ Compensation Fund and Zurich Insurance Group are similar in many ways. For example, both organizations have an established Chief Risk Officer (CRO) with distinct roles. The CRO position at Workers’ Compensation Fund was established in 2010, and the purpose of the office was to develop and monitor the organization’s ERM strategy, processes, and policies as directed by the CEO, the Risk Oversight Committee, and the Board (Fraser, Simkins, and Narvaez, 2014, p. 209-10). Zurich Insurance Group also has a CRO whose central role is to provide the CEO, the Board, and the Risk Committee with risk-related information (Fraser et al., 2014, p. 258-59). Besides having similar roles, the CROs of both organizations report to the same authorities.
Both organizations also have an independent risk audit. At the Workers’ Compensation Fund, auditing is external, and the CRO introduced it in 2011 as a "third-party review” (Fraser et al., 2014, p. 215). Similarly, Zurich Insurance Group consults external expertise on risk matters. For example, the company seeks external knowledge from the Natural Catastrophe Advisory Council (Fraser et al., 2014, p. 261). Zurich Insurance Group, however, has an internal audit function that forms the "third line of defense" in its risk governance approach (p. 256). Another aspect that is conspicuously similar between the two organizations is the role of the Board in ERM. Both companies have a risk committee made up of board members. Workers’ Compensation Fund, the board’s ERM functions are carried out through the Risk Oversight Committee. At Zurich Insurance Group, a Board-level Risk Committee exists, and it defines the Board's Role in ERM. Also, ERM is considered a part of all business operations, including strategic planning and budgeting.
The implementation of ERM depends on the size of an organization and the level of risks it faces. In implementing an ERM, I would follow the strategies used by these two organizations because they offer a clear path to achieving ERM. A step-by-step process used to implement ERM is depicted, and it is initiated and governed by not only the CRO but also the CEO and the Board. In the future, ERM implementation will get better. New risk assessment matrices will make risk identification more comfortable, and the role of CRO's will become easier when all members of the organization, including CEOs and the Board of Directors, assume active roles in ERM implementation.
Reference
Fraser, J., Simkins, B., & Narvaez, K. (2014). Implementing enterprise risk management: Case studies and best practices. John Wiley & Sons.
Bottom of Form
Thumma
Discussion
COLLAPSE
Top of Form
The initial phase in making a successful hazard the executives framework is to comprehend the subjective differentiations among the kinds of dangers that associations face. Our field explore shows that dangers can be categorized as one of three classificatio ...
Mill proposes his Art of Life, but he also insists that it is not ve.docxhealdkathaleen
Mill proposes his Art of Life, but he also insists that it is not very developed -- there is an immense amount of work to be done to get it in shape. We know relatively little about what will actually make our lives richly moral, useful, and beautiful. What sort of things might contribute to improving our understanding of how to enrich our lives in this way? That is, what could someone do to develop and extend the Art of Life?
DUE by wed @ 10am central time
somebody have something useful post it and i will look/buy
.
Milford Bank and Trust Company is revamping its credit management de.docxhealdkathaleen
Milford Bank and Trust Company is revamping its credit management department to more effectively manage credit analysis. As the credit manager for the bank, draft a 750-word report for the board of directors explaining the three C's of credit. Make sure to address the following:
Character
Capacity
Capital
Also, explain what the acronym CAMEL means, which is used with the third C (capital)?
.
More Related Content
Similar to Rukmini Akula D-12COLLAPSETop of FormNow a days various to.docx
Operations Management MGT 320 – Spring 2020Additional As.docxamit657720
Operations Management MGT 320 – Spring 2020
Additional Assessment (11.5 %) – Chapter 3
Start Date: 26 April 2020 - 8:00 pm
Due Date: 21 May 2020 - 11:59 pm
(Note: please upload your answer on Moodle using Additional Assessment Submission Link)
Student Name:
Student ID:
Section:
1. Following table shows the sales of smart phones for the past several months. Use this data to answer the following questions.
Month
Products sold
3WMA Forecast
Exp. Smoothing Forecast
1
511
2
524
3
522
4
522
5
533
6
540
7
552
8
a. Find the forecast for month 8 using 3 month weighted moving average (3WMA) with weights (0.5, 0.3 and 0.2). The most recent day having the most weight. (15 Points)
b. Find the forecast for month 8 using exponential smoothing with the smoothing constant 0.2 (20 Points)
c. Compare the two methods using MSE as a measure of error. Which method is better for this data? (15 Points)
2. What does qualitative forecasting mean? When is qualitative forecasting used? Describe two qualitative techniques and indicate at least two advantages and two disadvantages for each technique. (30 Points)
3. Briefly describe the four components of time series data. (20 Points)
The End
1
Additional Assessment (11.5 %) Spring 2020
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Management
“The authors—Fraser, Simkins, and Narvaez—have done an invaluable service to
advance the science of enterprise risk management by collecting an extensive num-
ber of wonderful case studies that describe innovative risk management practices
in a dive.
Operations Management MGT 320 – Spring 2020Additional As.docxmccormicknadine86
Operations Management MGT 320 – Spring 2020
Additional Assessment (11.5 %) – Chapter 3
Start Date: 26 April 2020 - 8:00 pm
Due Date: 21 May 2020 - 11:59 pm
(Note: please upload your answer on Moodle using Additional Assessment Submission Link)
Student Name:
Student ID:
Section:
1. Following table shows the sales of smart phones for the past several months. Use this data to answer the following questions.
Month
Products sold
3WMA Forecast
Exp. Smoothing Forecast
1
511
2
524
3
522
4
522
5
533
6
540
7
552
8
a. Find the forecast for month 8 using 3 month weighted moving average (3WMA) with weights (0.5, 0.3 and 0.2). The most recent day having the most weight. (15 Points)
b. Find the forecast for month 8 using exponential smoothing with the smoothing constant 0.2 (20 Points)
c. Compare the two methods using MSE as a measure of error. Which method is better for this data? (15 Points)
2. What does qualitative forecasting mean? When is qualitative forecasting used? Describe two qualitative techniques and indicate at least two advantages and two disadvantages for each technique. (30 Points)
3. Briefly describe the four components of time series data. (20 Points)
The End
1
Additional Assessment (11.5 %) Spring 2020
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Management
“The authors—Fraser, Simkins, and Narvaez—have done an invaluable service to
advance the science of enterprise risk management by collecting an extensive num-
ber of wonderful case studies that describe innovative risk management practices
in a dive.
Weekly Article #3
77 unread replies.77 replies.
Class -
You are required to analyze an online research and select any article related to the following topics,
- A comprehensive model of entrepreneurship- Five entrepreneurial strategies
Each student will locate and review an article relevant to the topic of the class. The review is between 400-to-550 words and should summarize the article. Please include how it applies to our topic, and why you found it interesting. Please post the text in the Discussion Board by Friday . No attachments, please.
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Management
“The authors—Fraser, Simkins, and Narvaez—have done an invaluable service to
advance the science of enterprise risk management by collecting an extensive num-
ber of wonderful case studies that describe innovative risk management practices
in a diverse set of companies around the world. This book should be an extremely
valuable source of knowledge for anyone interested in the emerging and evolving
field of risk management.”
—Robert S. Kaplan, senior fellow, Marvin Bower Professor of Leadership
Development, emeritus, Harvard University
“Lessons learned from case studies and best practices represent an efficient way
to gain practical insights on the implementation of ERM. Implementing Enterprise
Risk Management provides such insights from a robust collection of ERM pro-
grams across public companies and private organizations. I commend the editors
and contributors for making a significant contribution to ERM by sharing their
experiences.”
—James Lam, president, James Lam & Associates; director and Risk Oversight
Committee chairman, E∗TRADE Financial Corporation;
author, Enterprise Risk Management—From Incent ...
ITS 835 Module Three Essay Guidelines and Rubric Topic .docxvrickens
ITS 835 Module Three Essay Guidelines and Rubric
Topic: Chapter 14 – “A Strategic Approach to Enterprise Risk Management at Zurich Insurance Group”
Overview: This case study focuses on how Zurich uses a variety of methodologies and tools to manage its business risk. Zurich's risk profiling is a
focused and disciplined approach to identifying, assessing, and monitoring holistic risks and improvement actions needed. By embedding this
methodology into its risk culture, this has helped ensure its risk management culture is consistent and effective across its various business units.
More information on Zurich's Strategic Risk Management work can be found at https://www.zurichna.com/en/risk
Review the case study in Chapter 14 of the textbook.
Please explain the following:
1. How do Zurich ERM tools help them better understand their existing and emerging risks?
2. How are Zurich’s risk roles and responsibilities impacting their risk culture?
3. Provide at least two examples of how Zurich has created new value through their ERM program.
Guidelines for Submission: Using APA 6th edition style standards, submit a Word document that is 2-4 pages in length (excluding title page,
references, and appendices) and include at least two credible scholarly references to support your findings. The UC Library is a good place to find
these sources. Be sure to cite and reference your work using the APA guides and essay template that are located in the courseroom.
Required elements:
Please ensure your paper complies APA 6th edition style guidelines. There is an essay template located under the Information link.
APA basics:
o Your essay should be typed, double-spaced on standard-sized paper (8.5" x 11")
o Use 1" margins on all sides, first line of all paragraphs is indented ½” from the margin
o Use 12 pt. Times New Roman font
Follow the outline provided above and use section headers to improve the readability of your paper. If I cannot read and understand it,
you will not earn credit for the content.
https://www.zurichna.com/en/risk
Critical Elements Proficient (100%) Needs Improvement (70%) Not Evident (0%) Value
Zurich ERM tools
Explains how Zurich’s ERM tools
help them better understand their
existing and emerging risks.
Provides short explanation of how
Zurich’s ERM tools help them better
understand their existing and
emerging risks. Explanation lacks
detail.
Does not explain how Zurich’s
ERM tools help them better
understand their existing and
emerging risks.
30
Zurich’s risk roles and
responsibilities
Describes how Zurich’s risk roles
and responsibilities impacting their
risk culture.
Provides short description of how
Zurich’s risk roles and responsibilities
impacting their risk culture.
Explanation lacks detail.
Does not describe how Zurich’s
risk roles and responsibilities
impacting their risk culture.
30
Examples that have created
new value through ERM
Provides example ...
Running head COMPANY SELECTION1COMPANY SELECTION4CO.docxhealdkathaleen
Running head: COMPANY SELECTION
1
COMPANY SELECTION
4
COMPANY SELECTION (Amazon)
Company Selection
Amazon Organization Background
According to the studies, Amazon is one of the multinational companies based in the USA. Its headquarters are located in Seattle, Washington. Amazon operates in the e-commerce business, digital streaming, and cloud computing and artificial intelligence. Recent news indicates that Amazon has had various organizational issues, especially on the leadership aspect (Ott, 2012).
Organization issues in Amazon
Insensitive management. Reports reveal that the employees with different personal hardships such as miscarriages, cancer and other personal problems were significantly faced with unfair judgements. Others were given limited time to recover from their issues, which created a lot of issues for the employees.
Unfair ranking system. The Amazon management holds annual organizational-level reviews to discuss and determine the ranking of the subordinates. The reviews start with a discussion concerning the lower-level employees in front of the senior managers. Consequently, the king of review system employees in the raking system is not correct. It leads to the discrimination of some employees while favoring others.
Lack of benefits. Benefits are essential in any company to boost the motivation of the workers. However, Amazon fails to provide its employees with benefits such as meals, personal wellness and other critical benefits that can motivate the employees. Hence, Amazon gives no priority to its workers. Instead, the new employees are required to repay a share of their signing bonus if one quits before the years’ time. Such acts are discriminative.
Why do such issues hinder Amazon organizational efficiency?
Organizational issues contribute to organization controversies. The organization issues in Amazon provides to workers turn over. Besides, an unfair ranking system contributes to a poor relationship between the management and the workers. Also, the lack of benefits lowers the morale of the workers, thus reducing organizational productivity (Robbins & Judge, 2012). Hence, for an organization to succeed ant attain its set objective organizational issues should be avoided.
References
Ott, J. S. (2012). The organizational culture perspective (pp. 221-243). Chicago: Dorsey Press.
Robbins, S. P., & Judge, T. (2012). Essentials of organizational behavior.
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the ...
Running Head: FOOTPRINT
1
FOOTPRINT 2
Footprint
Data
Course
Date of Submission
ECOLOGICAL FOOTPRINT
Hectares:
2
# Earths:
1
Top 3 Consumption Categories:
Processed meat
Car use
Flight hours
CARBON FOOTPRINT
Carbon Emissions (lbs):
0.524
WATER FOOTPRINT
Gallons per day:
90
Top 3 Contributors:
Meat
Soybean
Rice
As I conducted my research on ecological footprint, I realized that my consumption way high than it should be. From the research, I realized that I require an approximate of 10 GHA to aid me in realizing what requires to be carried out to lead to a reduced footprint. Carrying out the assignment helped me to realize that I personally have a huge impact on the environment and the resultant effects of environmental degradation. The most shocking I learned through this project is the fact that consuming processed foods played a huge role in increasing my footprint. I will embrace using local foods and prepare my own meat and beer instead of buying the processed ones. The research made me believe that as humans, we should use more of the products based on animals instead of depending on the processed ones. To get the most suitable and accurate calculations, I will keep a close track of my usage of the meat and other locally produced products. The research made me think that we, as humans, are failing at protecting the environment. If we fail to be keen at protecting it, the earth will not b enough for us to live in.
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Management
“The authors—Fraser, Simkins, and Narvaez—have done an invaluable ...
Running Head: FOOTPRINT
1
FOOTPRINT 2
Footprint
Data
Course
Date of Submission
ECOLOGICAL FOOTPRINT
Hectares:
2
# Earths:
1
Top 3 Consumption Categories:
Processed meat
Car use
Flight hours
CARBON FOOTPRINT
Carbon Emissions (lbs):
0.524
WATER FOOTPRINT
Gallons per day:
90
Top 3 Contributors:
Meat
Soybean
Rice
As I conducted my research on ecological footprint, I realized that my consumption way high than it should be. From the research, I realized that I require an approximate of 10 GHA to aid me in realizing what requires to be carried out to lead to a reduced footprint. Carrying out the assignment helped me to realize that I personally have a huge impact on the environment and the resultant effects of environmental degradation. The most shocking I learned through this project is the fact that consuming processed foods played a huge role in increasing my footprint. I will embrace using local foods and prepare my own meat and beer instead of buying the processed ones. The research made me believe that as humans, we should use more of the products based on animals instead of depending on the processed ones. To get the most suitable and accurate calculations, I will keep a close track of my usage of the meat and other locally produced products. The research made me think that we, as humans, are failing at protecting the environment. If we fail to be keen at protecting it, the earth will not b enough for us to live in.
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Management
“The authors—Fraser, Simkins, and Narvaez—have done an invaluable .
ITS 835Chapters 30, 31, 34Miscellaneous Case Studies on .docxvrickens
ITS 835
Chapters 30, 31, 34
Miscellaneous Case Studies on ERM and RIsk
Enterprise Risk Management
Professor Miguel Buleje
Overview
• Three case studies
• Alleged Corruption at Chessfield
• Bon Boulangerie
• Building an ERM Program at General Motors
• Different scenarios and organizations
• Useful in examining broader implications
• Look for similarities
Alleged Corruption at Chessfield
• Chessfield
• Fictional private American company in sports and entertainment
• HQ in NYC
• “Good ol’ boys” board
• Informal governance
• Whistle-blower
• CEO compensation very high (4x comparable peers)
• Potential environment for excessive risk taking
• Chessfield CEO requested independent governance
review
Chessfield, cont’d.
• Review included
• Document review – minimal documentation
• Interviews – substantial discontent and lack of confidence in
leadership
• CEO compensation
• Limited documentation to support decision
• Basis seemed to be long relationship with decision makers
• Industry standard metrics missing
• Risk management
• Few risk management protocols or controls
• Most processes were manual (i.e. no IT)
Chessfield, cont’d.
• Review resulted in 45 recommendations
• 43 from reviewer
• 2 added by regulator
• All but 2 recommendations were accepted, which were
• 3 longest serving board member resign
• A female be selected for directorship and compensation
committee
• Identify broad implications of this case
Bon Boulangerie
• Bakery in Oakville, Ontario
• When purchased, single site retail and café
• Ray Pane added wholesale operation
• Plan to expand wholesale business
• From 20km to 120km coverage
• Include grocery stores
• Add product line
• Goal: triple profits in 3 years
• What are the operational risks?
Building an ERM Program at General
Motors
• Background
• GM approach to ERM
• Game theory
• Looking forward
ERM at GM Background
• ERM program began in 2010
• ERM to help achieve competitive advantage
• New CEO
• GM bankruptcy in 2009
• CRO appointed
• Financial and Risk Policy Committee formed
• Risk officers identified and aligned to all CEO direct
reports
• GM embraced aggressive ERM
GM Approach to ERM
• ERM built on GM’s vision
• Design, build, and sell the world’s best vehicles
• Identify and manage key risks
• Bottom-up approach
• Focus on “what can go right”
• Lessons learned
• Gave responsibility of assessing risk probability and impact to senior
executives
• Replaced ranked risk list with tiered list
• Implemented a 5 point scale to measure
• Inherent risk
• Current risk
• Residual risk
Game Theory
Looking Forward
• Top risk attention in place
• Ready to add focus on day-to-day operational risks
• Developing program for operational control self-
assessment (CSA)
• Approach is a policy-based CSA
• Starts with simple yes-no questions to line managers
• Benefits of a policy-based program
• Policy can be leveraged to ensure results
• Helps to educ ...
Chukss StrengthsShare your strengths twitterfacebook.docxmccormicknadine86
Chuks's Strengths
Share your strengths
twitter
facebook
Chuks - What makes you unique? Go learn more about your top Strengths below.
RANK
STRENGTH
1
Connectedness
LEARN MORE
RELATIONSHIP BUILDING
People who are especially talented in the Connectedness theme have faith in the links between all things. They believe there are few coincidences and that almost every event has a reason.
2
Includer
LEARN MORE
RELATIONSHIP BUILDING
People who are especially talented in the Includer theme are accepting of others. They show awareness of those who feel left out, and make an effort to include them.
3
Self-Assurance
LEARN MORE
INFLUENCING
People who are especially talented in the Self-Assurance theme feel confident in their ability to manage their own lives. They possess an inner compass that gives them confidence that their decisions are right.
4
Belief
LEARN MORE
EXECUTING
People who are especially talented in the Belief theme have certain core values that are unchanging. Out of these values emerges a defined purpose for their life.
5
Responsibility
LEARN MORE
EXECUTING
People who are especially talented in the Responsibility theme take psychological ownership of w
www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of risk an integral part
of management degrees have had great difficulties in providing their students with
a definitive ERM text for their course. The Standards and associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk Management: Case Stud-
ies and Best Practices, there has been no text to enlighten students on the application
of an effective program to manage risk across an enterprise so that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez have combined
with a group of contributors that represent the cream of risk practitioners, to pro-
vide the reader with a clear and concise journey through the management of risk
within a wide range of organizations and industries. The knowledge, skills, and
experience in the management of risk contained within the covers of this book are
second to none. It will provide a much needed resource to students and practition-
ers for many years to come and should become a well-used reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk Management
“The authors—Fraser, Simkins, and Narvaez—have done an invaluable service to
advance the science of enterprise risk management by collecting an extensive num-
ber of wonderful case studies that describe innovative risk management practices
in a diverse set of companies around the world. This book should be an extremely
valuable source of knowledge for anyone interested in the emerging and evolving
field of risk management.”
—Robert S. Kaplan, senior fellow, Marvin Bower Professor of Leadership
...
For this homework activity, you will find and examine indicators o.docxshericehewat
For this homework activity, you will find and examine indicators of urbanization for your four selected countries. Compile Parts A, B, and C into a single document (Save as a PDF file type)
There are three parts to this exercise:
1. Urban growth trends (Table)
2. Largest cities (List and screen shots)
3. Discussion (written narrative)
Part A: Urban growth trends
Create a table that includes the following 5 urban growth indicators for your four countries. Links to finding the urban growth indicators are outlined below.
My four countries are: Afghanistan, Philippines, Mexico, Japan
Table: Urban growth trends (SAMPLE)
Ireland
Ukraine
Tajikistan
Percentage of population in urban areas
Percentage urban of region or sub-region (please name the region)
Average Annual Rate of Change of the Urban Population (per cent)
1950-1955
Average Annual Rate of Change of the Urban Population (per cent)
1990-1995
Average Annual Rate of Change of the Urban Population (per cent)
2010-2015
Informal Employment (Labor) Share of Total
· Percentage of population in urban and rural areascan be found here https://population.un.org/wup/Country-Profiles/
· Percentage urban by region or subregioncan also be found here https://population.un.org/wup/Country-Profiles/ (please specify the region or sub-region)
· Average Annual Rate of Change of the Urban Population (per cent)
· https://population.un.org/wup/
· Select: Interactive Data
· Select:Average Annual Rate of Change of the Urban Population (per cent)
· Use regional nested lists to select (check box) all four of your countries.
· Click Next
· On the year selection page, select only these three time periods (blue indicates it is selected):
· 1950-1955
· 1990-1995
· 2010-2015
· Click next
· Informal Employment (Labor) Share of Total, Non-Agricultural (Percent)
· This data can be accessed here on Google Public Data:
· https://www.google.com/publicdata/explore?ds=n4ff2muj8bh2a_&ctype=l&strail=false&bcs=d&nselm=h&met_y=LABINFORMSHR&fdim_y=scenario:1&scale_y=lin&ind_y=false&rdim=world&idim=world:world&ifdim=world&ind=false
Part B: Largest Cities
For Part B, create a list of the 5 largest cities for each country, and insert screenshots of the Urban Population by Size Class of Urban Settlement.
Create a list of the five largest cities for your countries.
Option 1:
· https://population.un.org/wup/
· Select: Interactive Data
· Select: Annual Population of Urban Agglomerations with 300,000 or more in 2018 (thousands)
· Use regional nested lists to select (check box) all four of your countries.
· Click Next
· On the year selection page, just click “Next” (this accepts the default selection of every 5 years between 1950 and 2035)
· For each country, list the 5 largest cities and the population in 1950,2015, and 2035. (Some countries will not have 5 cities listed. Others will have numerous cities).
Option 2: (if option 1 does not produce much information)
· Google search: “ largest cities [enter your ...
ITS 835 enterprise risk managementChapter 26-29Review of 4 M.docxvrickens
ITS 835 enterprise risk management
Chapter 26-29
Review of 4 Mini case studies on ERM and Risk
University of Cumberlands
1
overview
Collection of four mini-cases
Leaves open ended questions
Presents real life situations
And needs for ERM
Mini-Cases
BimConsultants Inc.
Nerds Galore
The Reluctant General Counsel
Transforming Risk Management at Akawini Copper
University of Cumberlands
2
Bim Consultants Inc.
Consulting firm
10 offices in Canada
3,000 staff
30 partners
“Customers are number one”
But revenue is stagnant
Opportunity to buy out competitor
Purchase would double size and sales
Negotiations must be kept confidential
University of Cumberlands
3
Nerds galore
Canadian IT service company
12 offices
1,000 employees
Grew from founder’s garage
Shift from small start-ups to medium size customers
High turnover of 20% is causing concern
Decreasing customer satisfaction
Steady revenue (for now)
Strategy from new HR VP
Attract the best talent
Retain good people
Manage talent
Optimize the use of people
Rely on outsourcers
Executive team workshop to explore HR risks
Inability to recruit people with needed skills
Loss of staff with key internal knowledge
Uncompetitive labor production
Increased departures of skilled technical staff
Loss of key business know-how
University of Cumberlands
4
The Reluctant General Counsel
Business Software Corporation (BSC)
Silicon Valley, CA
Annual revenue over $1 billion
Board wants ERM
Upper management supports establishing ERM
EVP of development and general counsel
Doesn’t want to be involved in ERM
Risk discussions could be discoverable in lawsuits
U.S. Securities and Exchange Commission (SEC)
Requires disclosure of risks
Recommendation is to not formally pursue ERM
University of Cumberlands
5
Transforming Risk Management at Akawini Copper
Akawini Copper
Mining company acquired by larger United Minerals
Single mine and plant • $774 million in revenue
1,500 employees
United Minerals implemented ISO 31000 framework
Substantially more sophisticated than Akawini’s RM
Launched project to transform Akawini RM to ERM
University of Cumberlands
6
Keyword Driven Testing
Dhwani patel
A keyword-driven test is an executable collection of keywords
Keyword-Driven Testing [1]
Type of functional automation testing framework known as table-driven testing or action word based testing.
Is a software testing methodology that separates test design from test development.
A keyword-driven test can be played back just like any other test.
Test case framework division [3]
Test step: description of action going to perform on test object.
Test object: it is the name of the web page object like username and password.
Action: is the name of action, which is going to perform on any action such as click, open browser, input, etc.
Test Data: Data can be any value which is needed by the object to perform any action, like username value for username field.
Project Goa ...
ERM Implementation ERM is essential for organizations.docxelbanglis
ERM Implementation
ERM is essential for organizations in managing risks and improve on opportunities related to the achievement of organizational objectives. Statoil and United Grain Growers have established an enterprise risks management that meets their company goals based on the challenges each of them is facing.
The primary difference between ERM in Statoil and United Grain Growers is that ERM will affect management at the latter. Additionally, ERM at United Grain Growers seeks to retrieve the company from financial constraints while at Statoil, ERM seeks to improve organizational performance. However, ERM at the two companies share some similarities. For instance, ERM at United Grain Growers seeks to identify and access principle risks. The same applies to Statoil which seeks to identify any potential risks during the exercise. Besides, the two companies have a strategic risk plan. A strategic plan is essential as it outlines the role of a manager, CEO and everyone involved in the steps of an ERM (Robert and Liebenberg, 2011). United Grain growers has a strategic plan to improve financial dividends while Statoil has a risk map and committee with outlined roles and responsibilities.
The Statoil ERM seems workable and productive meaning I can implement it is it were up to me. On the contrary, I will not implement the United Grain Growers ERM. In my opinion, the ERM lacks the potential to solve financial constraints that the company is experiencing. However, some parts of it are productive, but a merger comes in with other risks for the struggling company. For instance, a merger will lead to employee layoff which might put the company at a risk of losing some important skills (Chui, 2011). Additionally, the company assets might be miscalculated during financial evaluation leading to more losses.
Generally, the ERM at Statoil might be successful in future because it is based on company goals and values. On the contrary, UGG ERM might not succeed because there are many risks associated with its strategy for implementation.
References
Chui, B.S. 2011. A Risk Management Model for Merger and Acquisition.
Robert, E.H. and Liebenberg, A.P. (2011). The Value of Enterprise Risk Management. The
Journal of Risk and Insurance, 78(4).pp. 795-822.
https://doi.org/10.1111/j.15396975.2011.01413.x
According to Brustbauer, 2016 Enterprise risk management help the company prepare for the uncertainties and disasters that may occur all along. Every business must identify the threats likely to face the business and come up with a contingency plan. Different companies faces different threats and uncertainties and therefore while coming up with the risk management plan one must consider the uniqueness of the enterprise and the likely threats to occur. These differences make the companies and business have different hierarchy of risks that are likely to occur. This paper is going to compare and contrast the enterprise risk management of the united g ...
ITS 835Chapter 12Measuring Performance at mariuse18nolet
ITS 835
Chapter 12
Measuring Performance at Intuit
Enterprise Risk Management
Dr. James C. Hyatt
Miguel Buleje
Introduction
Intuit’s ERM Journey
ERM Maturity Model
Benefits of Measuring Performance in ERM Models
ERM Performance Measurement and Reporting
Conclusion
Intuit’s ERM Journey
INTRO to Intuit: Biz and Financial Software Corporation. Offerings include QuickBooks, Quicken, Turbo Tax
Began with ad hoc risk management
Very common entry point
Escalated to ERM when seminal event occurred
Desire was to stop firefighting and start prevention.
Proactive approach, as resources were pulled from Operations
Intuit ERM Core Principles
Enterprise-wide risk framework
Risk assessment is ongoing
Focus on most significant risks
Ownership and accountability
Measure and monitor performance
ERM Maturity Model
Risk Management Maturity Model
Stakeholders Value increases as Risk Management Capability Increase
Ad Hoc Risk Management - Starting Point
Targeted Risk Management – progress and next step. More proactive. Organized.
Integrated Risk Framework – Really taking this the next level with formal framework. Value starts to increase
Risk Intelligence - Feedback loop. Really taking advantage to predict, and use intelligence to take action.
Risk Leadership – Move from Reactive to Proactive. Optimize and Capitalize positive outcomes around risk.
4
Benefits of Measuring Performance in ERM Models
Key Performance Indicators (KPI)
Based on business objectives
Quantitative and qualitative KPI
Leading (looking into future/ predictive approach) and
Lagging (trending / historical performance) indicators
Input, process, and output indicators ( optimized for end to end processes).
KPIs must be
Tangible
Flexible
Standardized
Outcome or objective focused
ERM Performance Measurement and Reporting
First evolution - ERM process adoption
Second evolution – Risk Mitigation Process Management
Third Evolution – Multidimensional Risk Management Performance Measurement
Outcome: executive dashboard for reporting.
ERM Process Adoption
7
Risk Mitigation Process Management
Multidimensional Risk Management Performance Measurement
3er Evolution
Culmination of INTUIT enterprise risk management: Dashboards
KPI status by risk.
Clear where attention goes, by Risk .
They do not care about green. Focus on Reds and Yellow.
At a glance exes are able to determine what risk would cause issues.
9
Conclusion
At Intuit, risk management is everyone’s responsibility
ERM must be a core business competency
Coordination is a key to success
ERM Recognizes
Upside opportunity
Downside risk
ERM process is regularly audited
ERM is an integral part of Intuit’s operating model
Sheet1TitleYearLengthViolence timeInjuriesFatal injuriesGood/neutral injuriesGood/neutral fatalitiesBad injuriesBad fatalitiesSnow White and the Seven Dwarfs19375040474211011Fantasia19407200307111100Pinoc ...
Gandu Discussion-14COLLAPSETop of FormThe ERM implementati.docxshericehewat
Gandu
Discussion-14
COLLAPSE
Top of Form
The ERM implementation at Workers’ Compensation Fund and Zurich Insurance Group are similar in many ways. For example, both organizations have an established Chief Risk Officer (CRO) with distinct roles. The CRO position at Workers’ Compensation Fund was established in 2010, and the purpose of the office was to develop and monitor the organization’s ERM strategy, processes, and policies as directed by the CEO, the Risk Oversight Committee, and the Board (Fraser, Simkins, and Narvaez, 2014, p. 209-10). Zurich Insurance Group also has a CRO whose central role is to provide the CEO, the Board, and the Risk Committee with risk-related information (Fraser et al., 2014, p. 258-59). Besides having similar roles, the CROs of both organizations report to the same authorities.
Both organizations also have an independent risk audit. At the Workers’ Compensation Fund, auditing is external, and the CRO introduced it in 2011 as a "third-party review” (Fraser et al., 2014, p. 215). Similarly, Zurich Insurance Group consults external expertise on risk matters. For example, the company seeks external knowledge from the Natural Catastrophe Advisory Council (Fraser et al., 2014, p. 261). Zurich Insurance Group, however, has an internal audit function that forms the "third line of defense" in its risk governance approach (p. 256). Another aspect that is conspicuously similar between the two organizations is the role of the Board in ERM. Both companies have a risk committee made up of board members. Workers’ Compensation Fund, the board’s ERM functions are carried out through the Risk Oversight Committee. At Zurich Insurance Group, a Board-level Risk Committee exists, and it defines the Board's Role in ERM. Also, ERM is considered a part of all business operations, including strategic planning and budgeting.
The implementation of ERM depends on the size of an organization and the level of risks it faces. In implementing an ERM, I would follow the strategies used by these two organizations because they offer a clear path to achieving ERM. A step-by-step process used to implement ERM is depicted, and it is initiated and governed by not only the CRO but also the CEO and the Board. In the future, ERM implementation will get better. New risk assessment matrices will make risk identification more comfortable, and the role of CRO's will become easier when all members of the organization, including CEOs and the Board of Directors, assume active roles in ERM implementation.
Reference
Fraser, J., Simkins, B., & Narvaez, K. (2014). Implementing enterprise risk management: Case studies and best practices. John Wiley & Sons.
Bottom of Form
Thumma
Discussion
COLLAPSE
Top of Form
The initial phase in making a successful hazard the executives framework is to comprehend the subjective differentiations among the kinds of dangers that associations face. Our field explore shows that dangers can be categorized as one of three classificatio ...
Mill proposes his Art of Life, but he also insists that it is not ve.docxhealdkathaleen
Mill proposes his Art of Life, but he also insists that it is not very developed -- there is an immense amount of work to be done to get it in shape. We know relatively little about what will actually make our lives richly moral, useful, and beautiful. What sort of things might contribute to improving our understanding of how to enrich our lives in this way? That is, what could someone do to develop and extend the Art of Life?
DUE by wed @ 10am central time
somebody have something useful post it and i will look/buy
.
Milford Bank and Trust Company is revamping its credit management de.docxhealdkathaleen
Milford Bank and Trust Company is revamping its credit management department to more effectively manage credit analysis. As the credit manager for the bank, draft a 750-word report for the board of directors explaining the three C's of credit. Make sure to address the following:
Character
Capacity
Capital
Also, explain what the acronym CAMEL means, which is used with the third C (capital)?
.
milies (most with teenage children) and the Baby Boomers (teens and .docxhealdkathaleen
milies (most with teenage children) and the Baby Boomers (teens and college-age young people). The film industry and the changes to it are deeply divided in this schism. On the one hand, musicals (Sound of Music), World War II war films (The Great Escape) and historical epics (Dr. Zhivago) drove the adult market. Rebellion, sex and individual-minded heroes drove the youth market (Easy Rider, Bonnie and Clyde, The Graduate.) By the end of the decade, the tastes of the counter-culture youth had won. Anti-war film (Catch-22), flawed characters as heroes (The Good, the Bad, and the Ugly) and sexual issues (Midnight Cowboy, Butterfield 8, Valley of the Dolls) dominated the screen.
Question 1: What are some of the benefits of the Boomer generation's rebellion and changes to Hollywood in the 1960s?
Question 2: What are some of the drawbacks of having film dominated by the demands of an audience that was under the age of 25?
Directions:
Using word processing software to save and submit your work, please answer the following short answer questions. All responses to questions should be one to two paragraphs, composed of five to seven sentences, in length.
Your responses should include examples from the reading assignments.
1. Trace the development of the early documentary film career of Jean Rouch. What were his objectives as an ethnographic filmmaker during the 1950s? What formal techniques did he use to express these objectives?
2. How did Direct Cinema succeed in transforming documentary filmmaking during the late 1950s and early 1960s? Why did American documentary makers adopt this style, and in what ways did this choice influence their films? In what ways were their films also influenced by technological developments?
3. Compare and contrast two of the most prominent trends in avant-garde filmmaking from the 1940s to the 1960s: the experimental narrative and the lyrical film. How did both trends make use of abstract imagery and structure, and for what purposes?
4. What were the notable (and notorious) qualities that characterized the American underground film of the 1960s?
5. Analyze the important social, economic, and industrial factors leading up to the emergence of the New Hollywood in the early 1970s. What were the causes of the industry-wide recession of 1969 to 1970? What new audiences did the Majors subsequently attempt to target?
6. How did European art cinema conventions influence the filmmakers of the New Hollywood? In what ways did art cinema narrational and stylistic techniques infuse new life into standard Hollywood genres?
7. Trace the evolution of the Hollywood studio system's economic recovery in the middle and late 1970s. What were the important blockbusters of the period?
8. Compare and contrast the approaches of Steven Spielberg and Martin Scorsese to studio filmmaking. In what ways did each director "revise" genres from the classical Hollywood era? How did t.
Midterm Paper - Recombinant DNA TechnologySome scientists are conc.docxhealdkathaleen
Midterm Paper - Recombinant DNA Technology
Some scientists are concerned that genetic engineering allows humans to tamper with evolution. Argue either for or against this position.
This is a written paper to upload. The paper should be 2 to 3 pages in length with 1.5 line spacing, font size 12, and should be APA formatted. The readings for weeks 1 through 4, assignments and discussion activities in the same weeks prepare students to complete this assignment.
.
Midterm Study GuideAnswers need to be based on the files i will em.docxhealdkathaleen
Midterm Study Guide
Answers need to be based on the files i will email you
Identify
Liberation theology
Mujerista
theology
Popular religiosity
Mestizaje
James Cone
Gustavo Gutiérrez
‘adamah
‘adam
‘ish
ishsha
ex nihilio
‘ezer
Neged
tardemah
Beersheba
covenant
Moriah
‘hesed
Long Essay
Using
at least
three (3) course readings, be prepared to discuss the theological perspectives, controversies and/or issues on the following subjects:
The Book of Genesis’ two creation stories and their depictions of God, humanity, and the created world.
Hermeneutical process for interpreting biblical texts and the issues taken into consideration
Equality between man and woman, biblical and cultural perspectives.
How did sin enter the world, God’s role, humanity’s role, consequences.
.
Michelle Carroll is a coworker of yours and she overheard a conversa.docxhealdkathaleen
Michelle Carroll is a coworker of yours and she overheard a conversation at work about changes that her boss wants to make in accounting for uncollectible accounts receivable. She does not know a lot about accounting and wants to understand about what she overheard.
In an email, she asks you to explain the following:
The three different methods that can be used to account for uncollectible accounts receivable, specifically:
percentage of receivables
percentage of sales
the direct write-off methods
Reply to her email about these differences.
.
Michelle is attending college and has a part-time job. Once she fini.docxhealdkathaleen
Michelle is attending college and has a part-time job. Once she finishes college, Michelle would like to relocate to a metropolitan area. She wants to build her savings so that she will have a "nest egg" to start her off. Michelle works out her budget and decides she can afford to set aside $160 per month for savings. Her bank will pay her 12% annually on her savings account. What will Michelle's balance be in 2 years?
.
Midterm Assignment Instructions (due 31 August)
The mid-term essay will be the development of a general threat analysis of the US using the perspective of a foreign intelligence entity or service.
Foreign Intelligence Entity (FIE) Threat Analysis
The CIA's Counterintelligence Center Analysis Group (CIC/AG) identifies, monitors, and analyzes the efforts of FIEs against US persons, activities, and interests. CIC/AG analysts focus on two specific types of counterintelligence threats to US national security:
1. Transnational threats, such as the counterintelligence aspect of terrorism or the threats posed by emerging or changing technologies to the US Government, intelligence operations, and US Government information systems; and
2. Threats posed by FIEs and their activities.
Value:
This Assignment counts for 40% of your Final Course Grade for this course.
Objective:
This assignment, in accordance with undergraduate academic endeavors, provides an opportunity to evaluate assimilation of course topics, and sharpen and evaluate students' research & critical thinking skills. The assignment is driven & tested by a combination of course materials and external self-led research (depending upon essay[s] selected); analyzed and presented in essay(s) form.
Type:
This assignment consists of a research analysis paper approximately
six to eight pages in length, double-spaced
(This page count does not include a title page, abstract (optional), table of contents (optional), Reference/Bibliography page(s), or Endnotes page(s) (if used)). The source material should result primarily from self-led external research of scholarly articles. In addition, the course required reading materials may be used. The paper should have six to eight pages of content which are the written results of your research efforts.
Topic:
Develop a general threat analysis of a Foreign Intelligence Entity (FIE) of your choosing that is targeting the US. Examples include Russia's SVR, Iran's MOIS, Al Qaeda (or any of its 'subsidiaries'), North Korea's Reconnaissance Bureau, or Venezuela's Bolivarian National Intelligence Service, etc.
A FIE is any known or suspected foreign organization, person, or group (public, private, or governmental) that conducts intelligence activities to acquire U.S. information, block or impair U.S. intelligence collection, influence U.S. policy, or disrupt U.S. systems and programs. This term includes a foreign intelligence and security service [FISS] and international terrorist organizations. (JP 1-02; JP 2-01.2, CI & HUMINT in Joint Operations, 16 Mar 2011; and DoDD 5240.06, CIAR, 17 May 2011)
The components of your FIE threat analysis should include a full overview of the FIE (strength, location, organizational structures (if known), whether they operate under official cover or operate under unofficial cover--inside corporations, etc.). Detail the FIE's mission, and specific known and suspected US targets.
[Do not select the .
Milestone 2Outline of Final PaperYou will create a robust.docxhealdkathaleen
Milestone 2:
Outline of Final Paper
You will create a robust and comprehensive outline of your research paper. The outline should include:
Title of paper
Abstract
Introduction
Major points/arguments
At least three solutions
List scholarly resources to support your major points/arguments and solutions. At least six scholarly references are required.
.
MigrationThe human population has lived a rural lifestyle thro.docxhealdkathaleen
Migration
The human population has lived a rural lifestyle through most of history. The world’s population, however, is quickly becoming urbanized as people migrate to the cities. Developed nations have a higher percentage of urban residents than less developed countries. However, urbanization is occurring rapidly in many less developed countries, and it is expected that most urban growth will occur in less developed countries during the next decades.
In this Case, you are to select a country (not Nigeria and Canada) which is experiencing rural-urban migration and answer the following questions.
1. Identify the Country you have selected and briefly describe its demographics.
2. Discuss the factors that are driving rural-urban migration in your selected country? (Hint: Migration is often explained in terms of either “push factors” – conditions in the place of origin which are perceived by migrants as detrimental to their well-being or economic security, and “pull factors” – the circumstances in new places that attract individuals to move there).
3. Describe the impact of rural-urban migration in your selected country? Consider health, environmental, economic and social implications.
.
Mid-TermDismiss Mid-Term1) As you consider the challenges fa.docxhealdkathaleen
Mid-Term
Dismiss Mid-Term
1) As you consider the challenges facing Non-for Profit (NFP’s) in this economic environment: what are some of the factors that could promote sustainability for an organization?
2) How can an organization’s mission get compromised?
I’m interested in clear ideas and thoughts that are drawn from the class conversations, speakers, class excursions and readings for this assignment. The paper should be three pages and submitted on D2L
.
MicroeconomicsUse what you have learned about economic indicators .docxhealdkathaleen
Microeconomics
Use what you have learned about economic indicators to assess 10 different indicators. To add some more clarity to this, do the following:
1. Define 10 economic indicators.
2. For each, show how the US has performed, you can do this either by providing the numbers or by showing them graphically.
3. For each, in 100-150 words, give a brief interpretation of the numbers, in your opinion.
Cite the source of your data.
.
Michael Dell began building and selling computers from his dorm room.docxhealdkathaleen
Michael Dell began building and selling computers from his dorm room at age 19. He dropped out of the University of Texas when his sales hit $60 million and has never looked back. Dell is said to be the fifteenth richest man in America, and the youngest CEO to make the Fortune 500. Intensely private and notoriously shy, Dell is hailed as a corporate wonder-kid. He climbed to the top by exploiting tax loopholes, outsourcing the competition, and inventing a term called “leveraged recapitalization.”
First, review the following case study:
Michael Dell—The man behind Dell: Leading Dell into the future
Then, address the following tasks:
Analyze Dell’s philosophy as it relates to the role of change in organizational success.
Determine how Dell’s philosophy would be perceived in a low performing culture.
Identify which performing culture best suits your philosophy regarding change management and provide your rationale.
Consider the way Dell started his company; determine what market conditions made the business possible.
Discuss Dell’s approach to building his brand.
Develop a 4–6-slide presentation in PowerPoint format, utilizing at least two scholarly sources (in addition to your textbook) to complete your research, ensuring you cite references within the text and at the end in a reference list. Apply APA standards to the citation of sources. Use the following file naming convention: LastnameFirstInitial_M2_A2.ppt.
Make sure you write in a clear, concise, and organized manner; demonstrate ethical scholarship through accurate representation and attribution of sources; and display accurate spelling, grammar, and punctuation.
.
Michael is a three-year-old boy with severe seizure activity. He h.docxhealdkathaleen
Michael is a three-year-old boy with severe seizure activity. He has made friends in his inclusive preschool classroom and is usually very happy there. He has limited receptive communication skills, and when there are unexpected changes in the routine, he often reacts with disruptive or aggressive behavior. Through careful planning and the use of a picture schedule, Michael is learning to react more appropriately to schedule changes.
1.
What is meant by "limited receptive communication skills"?
2. What can be done to improve the situation for Michael?
3. What can be done to resolve disruptive behavior issues in classroom environments?
.
Michael graduates from New York University and on February 1st of th.docxhealdkathaleen
Michael graduates from New York University and on February 1st of the current year, accepts a position with a public accounting firm in Chicago. Michael is a resident of New York. In March, Michael travels to Chicago to locate a house and starts to work in June. He incurs the following expenses, none of which are reimbursed by the public accounting firm.
Item
Amount
Automobile expense en route (1,000 miles at 16.5 cents per mile - standard mileage rate)
$
165
Cost of meals en route
100
Househunting trip travel expenses
1,400
Moving van expenses
3,970
Commission on the sale of Michael's New York condominium
3,500
Points paid to acquire a mortgage on Michael's new residence in Chicago
1,000
Temporary living expenses for on week in Chicago (hotel and $100 in meals)
400
Expenses incurred in decorating the new residence
500
Total expenses
$ 11,035
Required:
a. What is Michael's moving expense deduction?
b. How are the deductible expenses classified on Michael's tax return?
c. How would your answer to Part a change if all of Michael's expenses were reimbursed by his employer and he received a check for $11,035
.
Message Using Multisim 11, please help me build a home security sys.docxhealdkathaleen
Message: Using Multisim 11, please help me build a home security system circuit using this program. The system must include a door sensor and a window sensor. There also must be a keypad included into the schematic. A code (for example, 5411) must first be entered into the key pad in order to be able to arm the sensors throughout the home (and disarm as well). Once the command is made to arm the sensors, there will be a period of 15 seconds until the sensors are active. Please .ms11 (multisim 11) files ONLY! Thanks!
.
Methodology of H&M internationalization Research purposeRe.docxhealdkathaleen
Methodology of H&M internationalization
Research purpose
Research approach
Research strategy
Case study design
Data collection method
Sample selection
Data analysis
ANALYSIS
Internalization of H&M
Choice of International markets
International entry market strategy: Brazil and China
Expansion strategy
Why do clothing retail companies enter international markets?
How do clothing retail companies select their foreign market?
How H&M choose its entry into foreign market?
How can the expansion strategies of clothing retailers companies in foreign market can be described?
Implications for management
.
Mental Disability DiscussionConsider the typification of these c.docxhealdkathaleen
Mental Disability Discussion
Consider the typification of these conditions as you respond to the questions.
Compare the American mindsets about mental illness, mental retardation, and addiction.
Explain the intentions of social work to ameliorate social problems involving these conditions.
.
Meningitis Analyze the assigned neurological disorder and prepar.docxhealdkathaleen
Meningitis
Analyze the assigned neurological disorder and prepare a report in a two- to three-page document.
Why is it important to determine whether a patient is suffering from viral or bacterial meningitis? Explain the cause, pathophysiology, manifestations, laboratory investigations, and treatment of bacterial meningitis.
Please follow the directions and use intext citation along with referances please.
Due Sat March 8, 2014
.
Memoir Format(chart this)Introduction (that captures the r.docxhealdkathaleen
Memoir Format
(chart this)
Introduction (that captures the reader’s attention)
Description of the complication
Evaluation of the complication
Resolution of the complication
Conclusion (A new revelation, insight, or question to ponder)
4 pages minimum
.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
Rukmini Akula D-12COLLAPSETop of FormNow a days various to.docx
1. Rukmini Akula
D-12
COLLAPSE
Top of Form
Now a days various tools are very commonly used for the aid
designers, and some of the additional theories will also offer
some of the analytical rigorous report to all the engineering
designs, and concurrent engineering would be the one of the
most practical method in order to improve the design process,
and there are also some of the common tools, that are usually
used in order to obtain the input from the stakeholders or from
the business team in the organization, in the design process, in
this process, some of the methods may be like pugh method,
quality function, deployment, decision matrix techniques, and
the analytical hierarchy process, and these are some of the
methods in order to build the design process in the organization
or in the company. And these tools also include relatively some
of the high levels of the subjective judgement(K, 2017). Some
of the additional set of tools also addresses the variability,
quality, and also the uncertainty in the design process, and these
tools are more analytical and are also typically combined to
these processes which are used to produce the products(S,
2016). Still there are some other tools that are also used to
generate the alternate designs for the designers who are working
for the web application design for their organization or for their
companies.
References:
Eades, K. (2017), "General Motors: 1991 Equity Financing",
Darden Business Publishing Cases.
https://doi.org/10.1108/case.darden.2016.000131.
Bongoni, R. and Basu, S. (2016), "A multidisciplinary research
agenda for the acceptance of Golden Rice", Nutrition & Food
Science, Vol. 46 No. 5, pp. 717-728.
Bottom of Form
2. www.it-ebooks.info
http://www.it-ebooks.info/
www.it-ebooks.info
http://www.it-ebooks.info/
Additional Praise for
Implementing Enterprise Risk Management
“Educators the world over seeking to make the management of
risk an integral part
of management degrees have had great difficulties in providing
their students with
a definitive ERM text for their course. The Standards and
associated Handbooks
helped, but until the arrival of Implementing Enterprise Risk
Management: Case Stud-
ies and Best Practices, there has been no text to enlighten
students on the application
of an effective program to manage risk across an enterprise so
that objectives are
maximized and threats minimized. Fraser, Simkins, and Narvaez
have combined
with a group of contributors that represent the cream of risk
practitioners, to pro-
vide the reader with a clear and concise journey through the
management of risk
within a wide range of organizations and industries. The
3. knowledge, skills, and
experience in the management of risk contained within the
covers of this book are
second to none. It will provide a much needed resource to
students and practition-
ers for many years to come and should become a well-used
reference on the desk
of every manager of risk.”
—Kevin W. Knight AM, chairman, ISO/TC 262—Risk
Management
“The authors—Fraser, Simkins, and Narvaez—have done an
invaluable service to
advance the science of enterprise risk management by collecting
an extensive num-
ber of wonderful case studies that describe innovative risk
management practices
in a diverse set of companies around the world. This book
should be an extremely
valuable source of knowledge for anyone interested in the
emerging and evolving
field of risk management.”
—Robert S. Kaplan, senior fellow, Marvin Bower Professor of
Leadership
Development, emeritus, Harvard University
“Lessons learned from case studies and best practices represent
an efficient way
to gain practical insights on the implementation of ERM.
Implementing Enterprise
Risk Management provides such insights from a robust
collection of ERM pro-
grams across public companies and private organizations. I
commend the editors
4. and contributors for making a significant contribution to ERM
by sharing their
experiences.”
—James Lam, president, James Lam & Associates; director and
Risk Oversight
Committee chairman, E∗ TRADE Financial Corporation;
author, Enterprise Risk Management—From Incentives to
Controls
“For those who still think that enterprise risk management is
just a fad, the varied
examples of practical value-generating uses contained in this
book should dispel
any doubt that the discipline is here to stay! The broad
collection of practices is
insightful for students, academics, and executives, as well as
seasoned risk man-
agement professionals.”
—Carol Fox, ARM, director of Strategic and Enterprise Risk
Practice, RIMS
“Managing risk across the enterprise is the new frontier of
business management.
Doing so effectively, in my view, will be the single most
important differentiating
factor for many enterprises in the twenty-first century.
Implementing Enterprise Risk
Management: Case Studies and Best Practices is an innovative
and important addition
to the literature and contains a wealth of insight in this critical
area. This book’s
integration of theory with hands-on, real-world lessons in
managing enterprise
5. risk provides an opportunity for its readers to gain insight and
understanding that
could otherwise be acquired only through many years of hard-
earned experience.
www.it-ebooks.info
http://www.it-ebooks.info/
I highly recommend this book for use by executives, line
managers, risk managers,
and business students alike.”
—Douglas F. Prawitt, professor of Accounting at Brigham
Young University,
and Committee of Sponsoring Organizations (COSO)
Executive Board member
“The real beauty of and value in this book is its case study
focus and the wide
variety of firms profiled and writers’ perspectives shared. This
will provide readers
with a wealth of details and views that will help them chart an
ERM journey of their
own that is more likely to fit the specific and typically
customized ERM needs of
the firms for whom they toil.”
—Chris Mandel, senior vice president, Strategic
Solution
6. s for Sedgwick;
former president of the Risk Management Society
and the 2004 Risk Manager of the Year
“Implementing Enterprise Risk Management looks at many
industries through excel-
lent case studies, providing a real-world base for its
recommendations and an
important reminder that ERM is valuable in many industries. I
highly recommend
this text.”
—Russell Walker, Clinical associate professor, Kellogg School
of Management;
author of Winning with Risk Management
“The body of knowledge in Implementing Enterprise Risk
Management continues to
develop as business educators and leaders confront a complex
and rapidly chang-
ing environment. This book provides a valuable resource for
academics and prac-
titioners in this dynamic area.”
7. —Mark L. Frigo, director, Strategic Risk Management Lab,
Kellstadt Graduate School of Business, DePaul University
“The management of enterprise risk is one of the most vexatious
problems con-
fronting boards and executives worldwide. This is why this
latest book by Fraser,
Simkins, and Narvaez is a much needed and highly refreshing
approach to the sub-
ject. The editors have managed to assemble an impressive list of
contributors who,
through a series of fascinating real-life case studies, adroitly
help educate readers
to better understand and deal with the myriad of risks that can
assault, seriously
maim, and/or kill an organization. This is a ‘how to’ book
written with the ‘risk
management problem solver’ in mind. It provides the link that
has been missing
for effectively teaching ERM at the university and executive
education levels and
it is an exceptional achievement by true risk management
advocates.”
—Dr. Chris Bart, FCPA, founder and lead faculty,
8. The Directors College of Canada
“The Institute of Risk Management welcomes the publication of
this highly practi-
cal text which should be of great interest to our students and
members around the
world. Implementing Enterprise Risk Management brings
together a fine collection of
detailed case studies from organizations of varying sizes and
working in differ-
ent sectors, all seeking to enhance their business performance
by managing their
risks more effectively, from the boardroom to the shop floor.
This book makes a
valuable contribution to the body of knowledge of what works
that will benefit the
development of the risk profession.”
—Carolyn Williams, technical director, Institute of Risk
Management
www.it-ebooks.info
http://www.it-ebooks.info/
9. IMPLEMENTING
ENTERPRISE RISK
MANAGEMENT
www.it-ebooks.info
http://www.it-ebooks.info/
The Robert W. Kolb Series in Finance provides a
comprehensive view of the field
of finance in all of its variety and complexity. The series is
projected to include
approximately 65 volumes covering all major topics and
specializations in finance,
ranging from investments, to corporate finance, to financial
institutions. Each vol-
ume in the Kolb Series in Finance consists of new articles
especially written for
the volume.
Each volume is edited by a specialist in a particular area of
finance, who develops
the volume outline and commissions articles by the world’s
10. experts in that partic-
ular field of finance. Each volume includes an editor’s
introduction and approx-
imately thirty articles to fully describe the current state of
financial research and
practice in a particular area of finance.
The essays in each volume are intended for practicing finance
professionals, grad-
uate students, and advanced undergraduate students. The goal of
each volume is
to encapsulate the current state of knowledge in a particular
area of finance so that
the reader can quickly achieve a mastery of that special area of
finance.
www.it-ebooks.info
http://www.it-ebooks.info/
IMPLEMENTING
ENTERPRISE RISK
MANAGEMENT
12. No part of this publication may be reproduced, stored in a
retrieval system, or transmitted
in any form or by any means, electronic, mechanical,
photocopying, recording, scanning,
or otherwise, except as permitted under Section 107 or 108 of
the 1976 United States
Copyright Act, without either the prior written permission of
the Publisher, or
authorization through payment of the appropriate per-copy fee
to the Copyright
Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA
01923, (978) 750-8400, fax (978)
646-8600, or on the Web at www.copyright.com. Requests to
the Publisher for permission
should be addressed to the Permissions Department, John Wiley
& Sons, Inc., 111 River
Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-
6008, or online at
http://www.wiley.com/go/permissions.
Limit of Liability/Disclaimer of Warranty: While the publisher
and author have used their
best efforts in preparing this book, they make no representations
or warranties with
respect to the accuracy or completeness of the contents of this
13. book and specifically
disclaim any implied warranties of merchantability or fitness
for a particular purpose. No
warranty may be created or extended by sales representatives or
written sales materials.
The advice and strategies contained herein may not be suitable
for your situation. You
should consult with a professional where appropriate. Neither
the publisher nor author
shall be liable for any loss of profit or any other commercial
damages, including but not
limited to special, incidental, consequential, or other damages.
For general information on our other products and services or
for technical support, please
contact our Customer Care Department within the United States
at (800) 762-2974, outside
the United States at (317) 572-3993 or fax (317) 572-4002.
Wiley publishes in a variety of print and electronic formats and
by print-on-demand.
Some material included with standard print versions of this
book may not be included in
e-books or in print-on-demand. If this book refers to media such
as a CD or DVD that is
14. not included in the version you purchased, you may download
this material at
http://booksupport.wiley.com. For more information about
Wiley products, visit
www.wiley.com.
Library of Congress Cataloging-in-Publication Data:
ISBN 978-1-118-69196-0 (Hardcover)
ISBN 978-1-118-74576-2 (ePDF)
ISBN 978-1-118-74618-9 (ePub)
Printed in the United States of America.
10 9 8 7 6 5 4 3 2 1
www.it-ebooks.info
http://www.copyright.com
http://www.wiley.com/go/permissions
http://booksupport.wiley.com
http://www.wiley.com
http://www.it-ebooks.info/
To Wendy, my wonderful wife and my inspiration, and to my
15. parents who instilled in me a lifelong thirst for learning.
—John Fraser
To my husband (Russell) and our family: sons and daughters-
in-law (Luke & Stephanie and Walt & Lauren), daughter and
son-in-law (Susan & Jason), and our youngest daughter (April).
Thank you for your love, support, and encouragement!
—Betty Simkins
I would like to thank my husband and four children for support-
ing me on my journey of writing two chapters and co-editing
this
book. I would also like to thank the Risk and Insurance Manage-
ment Society for supporting me during my educational years
and providing great workshops and conferences on enterprise
risk management.
—Kristina Narvaez
www.it-ebooks.info
http://www.it-ebooks.info/
16. www.it-ebooks.info
http://www.it-ebooks.info/
Contents
Foreword xiii
1 Enterprise Risk Management Case Studies:
An Introduction and Overview 1
John R.S. Fraser, Betty J. Simkins, and Kristina Narvaez
PART I Overview and Insights for Teaching ERM 17
2 An Innovative Method to Teaching Enterprise Risk
Management: A Learner-Centered Teaching Approach 19
David R. Lange and Betty J. Simkins
PART II ERM Implementation at Leading Organizations 37
3 ERM at Mars, Incorporated: ERM for Strategy
and Operations 39
Larry Warner
17. 4 Value and Risk: Enterprise Risk Management at Statoil 59
Alf Alviniussen and Håkan Jankensgård
5 ERM in Practice at the University of California
Health System 75
Grace Crickette
6 Strategic Risk Management at the LEGO Group:
Integrating Strategy and Risk Management 93
Mark L. Frigo and Hans Læssøe
7 Turning the Organizational Pyramid Upside Down:
Ten Years of Evolution in Enterprise Risk Management
at United Grain Growers 107
John Bugalla
ix
www.it-ebooks.info
http://www.it-ebooks.info/
x Contents
18. 8 Housing Association Case Study of ERM in a
Changing Marketplace 119
John Hargreaves
9 Lessons from the Academy: ERM Implementation in
the University Setting 143
Anne E. Lundquist
10 Developing Accountability in Risk Management: The
British Columbia Lottery Corporation Case Study 179
Jacquetta C. M. Goy
11 Starting from Scratch: The Evolution of ERM at the
Workers’ Compensation Fund 207
Dan M. Hair
12 Measuring Performance at Intuit: A Value-Added
Component in ERM Programs 227
Janet Nasburg
13 TD Bank’s Approach to an Enterprise Risk
Management Program 241
Paul Cunha and Kristina Narvaez
19. PART III Linking ERM to Strategy and Strategic
Risk Management 251
14 A Strategic Approach to Enterprise Risk Management
at Zurich Insurance Group 253
Linda Conrad and Kristina Narvaez
15 Embedding ERM into Strategic Planning at the City
of Edmonton 281
Ken Baker
16 Leveraging ERM to Practice Strategic Risk Management 305
John Bugalla and James Kallman
PART IV Specialized Aspects of Risk Management 319
17 Developing a Strategic Risk Plan for the Hope City
Police Service 321
Andrew Graham
18 Blue Wood Chocolates 335
Stephen McPhie and Rick Nason
www.it-ebooks.info
20. http://www.it-ebooks.info/
CONTENTS xi
19 Kilgore Custom Milling 363
Rick Nason and Stephen McPhie
20 Implementing Risk Management within Middle
Eastern Oil and Gas Companies 377
Alexander Larsen
21 The Role of Root Cause Analysis in Public Safety
ERM Programs 397
Andrew Bent
22 JAA Inc.—A Case Study in Creating Value from
Uncertainty: Best Practices in Managing Risk 427
Julian du Plessis, Arnold Schanfield, and Alpaslan Menevse
23 Control Complacency: Rogue Trading
at Société Générale 461
Steve Lindo
24 The Role of VaR in Enterprise Risk Management:
21. Calculating Value at Risk for Portfolios Held by the
Vane Mallory Investment Bank 489
Allissa A. Lee and Betty J. Simkins
25 Uses of Efficient Frontier Analysis in Strategic Risk
Management: A Technical Examination 501
Ward Ching and Loren Nickel
PART V Mini-Cases on ERM and Risk 523
26 Bim Consultants Inc. 525
John R.S. Fraser
27 Nerds Galore 529
Rob Quail
28 The Reluctant General Counsel 535
Norman D. Marks
29 Transforming Risk Management at Akawini Copper 539
Grant Purdy
30 Alleged Corruption at Chessfield: Corporate
Governance and the Risk Oversight Role of the Board
of Directors 547
22. Richard Leblanc
www.it-ebooks.info
http://www.it-ebooks.info/
xii Contents
31 Operational Risk Management Case Study:
Bon Boulangerie 555
Diana Del Bel Belluz
PART VI Other Case Studies 559
32 Constructive Dialogue and ERM: Lessons from the
Financial Crisis 561
Thomas H. Stanton
33 Challenges and Obstacles of ERM Implementation
in Poland 577
Zbigniew Krysiak and Sl̄ awomir Pijanowski
34 Turning Crisis into Opportunity: Building an ERM
Program at General Motors 607
23. Marc S. Robinson, Lisa M. Smith, and Brian D. Thelen
35 ERM at Malaysia’s Media Company Astro: Quickly
Implementing ERM and Using It to Assess the
Risk-Adjusted Performance of a Portfolio of Acquired
Foreign Companies 623
Patrick Adam K. Abdullah and Ghislain Giroux Dufort
About the Editors 649
Index 651
www.it-ebooks.info
http://www.it-ebooks.info/
Foreword
Enterprise Risk Management is an evolving discipline focused
on a com-plex and still imperfectly-understood subject. In such
a situation, science isadvanced best by collecting data from
multiple, independent sites. A rich
set of observations educates the field’s scholars and
practitioners and provides the
24. foundation for them to develop descriptive and normative
theories as well as cod-
ified best practices about the subject.
The authors—Fraser, Simkins, and Narvaez—have done an
invaluable service
to advance the science of enterprise risk management by
collecting an extensive
number of wonderful case studies that describe innovative risk
management prac-
tices in a diverse set of companies around the world. This book
should be an
extremely valuable source of knowledge for anyone interested
in the emerging
and evolving field of risk management. We should be grateful to
the editors and
to each chapter author for expanding the body of knowledge for
risk management
professionals and academics.
Robert S. Kaplan
Senior Fellow, Marvin Bower Professor
of Leadership Development, Emeritus
Harvard University
26. Williams Companies Chair of Business and Professor of
Finance, Oklahoma State
University
KRISTINA NARVAEZ
President and Owner of ERM Strategies, LLC
Businesses, business schools, regulators, and the public are now
scrambling to
catch up with the emerging field of enterprise risk management.
—Robert Kaplan (quote from Foreword in Fraser and Simkins,
2010)
Most executives with MBA degrees were not taught ERM. In
fact, there are only
a few universities that teach ERM. So some business school
graduates are strong
in finance, marketing, and management theory, but they are
limited in terms of
critical thinking, business acumen, and risk analysis skills.
—Paul Walker1
THE EVOLUTION OF ENTERPRISE
27. RISK MANAGEMENT
Over the past two decades enterprise risk management (ERM)
has evolved
from concepts and visions of how risks should be addressed to a
method-
ology that is becoming entrenched in modern management and
is now
increasingly expected by those in oversight roles (e.g.,
governing bodies and
regulators). As Felix Kloman describes in his chapter “A Brief
History of Risk Man-
agement,” published in Fraser and Simkins (2010), many of the
concepts go back
a very long time and many of the so-called newly discovered
techniques can be
1
www.it-ebooks.info
http://www.it-ebooks.info/
2 Implementing Enterprise Risk Management
28. referenced to the earlier writings and practices described by
Kloman. However,
it is only from around the mid-1990s that the concept of giving
a name to manag-
ing risks in a holistic way across the many operating silos of an
enterprise started
to take hold. In the 1990s, terms such as integrated risk
management and enterprise-
wide risk management were also used. Many thought leaders,
for example, those
who created ISO 31000,2 believe that the term risk management
is all that is needed
to describe good risk management; however, many others
believe that the latter
term is often used to describe risk management at the lower
levels of the organiza-
tion and does not necessarily capture the concepts of enterprise-
level approaches
to risk. As a result, the term ERM is used throughout this book.
As ERM continues to evolve there is still much discussion and
confusion over
exactly what it is and how it should be achieved. It is important
to realize that
it is still evolving and may take many more years before it is
29. fully codified and
practiced in a consistent way. In fact, there is a grave danger
now of believing
that there is only one way of doing ERM. This is probably a
mistake by regula-
tors who have too eagerly seized some of these concepts and are
trying to impose
them when the methods are not fully understood, and in some
cases the require-
ments are unlikely to produce the desired results. As Fraser and
Simkins (2010)
noted in their first book on ERM: “While regulatory interest can
force ERM into
companies, if not done well, it can become another box-ticking
exercise that adds
little value.”3
The leading and most commonly agreed4 guideline to holistic
risk manage-
ment is ISO 31000. However, it should be mentioned that in the
United States
the COSO 2004 Enterprise Risk Management–Integrated
Framework has been the
dominant framework used to date. Many organizations are
currently adopting
30. one or the other of these frameworks and then customizing them
to their own
context.
WHY THE NEED FOR A BOOK WITH ERM
CASE STUDIES?
Following the success of the earlier Enterprise Risk
Management: Today’s Leading
Research and Best Practices for Tomorrow’s Executives by
Fraser and Simkins (2010),
we found through our own teaching experiences, and by talking
to others, that
there was an urgent need for a university-level textbook of ERM
case studies to
help educate executives, risk practitioners, academics, and
students alike about
the evolving methodology. As a result, Fraser and Simkins,
together with Kristina
Narvaez, approached many of the leading ERM specialists to
write case studies for
this book.
Surveys have also shown that there is a dire need for more case
studies on ERM
(see Fraser, Schoening-Thiessen, and Simkins 2008).
31. Additionally, surveys of risk
executives report that business risk is increasing due to new
technologies, faster
rate of change, increases in regulatory risk, and more (PWC
2014). As Paul Walker
of St. John’s University points out in the opening quote of the
2014 American Pro-
ductivity & Quality Center (APQC) report on ERM, “Most
executives with MBA
degrees were not taught ERM. In fact, there are only a few
universities that teach
ERM. So some business school graduates are strong in finance,
marketing, and
www.it-ebooks.info
http://www.it-ebooks.info/
ENTERPRISE RISK MANAGEMENT CASE STUDIES 3
management theory, but they are limited in terms of critical
thinking, business acu-
men, and risk analysis skills.” Learning Centered Teaching
(LCT), as discussed in
32. Chapter 2, is an ideal way to achieve this. Using LCT and the
case study approach,
students actively participate in the learning process through
constructive reflective
reasoning, critical thinking and analysis, and discussion of key
issues. This is the
first book to provide such a broad coverage of case studies on
ERM.
The case studies that follow are from some of the leading
academics and prac-
titioners of enterprise risk management. While many of the
cases are about real-life
situations, there are also those that, while based on real-life
experiences, have had
names changed to maintain confidentiality or are composites of
several situations.
We are deeply indebted to the authors and to the organizations
that agreed so
kindly to share their stories to help benefit future generations of
ERM practition-
ers. In addition, we have added several chapters where we feel
the fundamentals
of these specialized techniques (e.g., VaR) deserve to be
understood by ERM stu-
33. dents and practitioners. Each case study provides opportunities
for executives, risk
practitioners, and students to explore what went well, what
could have been done
differently, and what lessons are to be learned.
Teachers of ERM will find a wealth of material to use in
demonstrating ERM
principles to students. These can be used for term papers or
class discussions, and
the approaches can be contrasted to emphasize different
contexts that may require
customized approaches. This book introduces the reader to a
wide range of con-
cepts and techniques for managing risks in a holistic way, by
correctly identifying
risks and prioritizing the appropriate responses. It offers a
broad overview of the
various types of ERM techniques, the role of the board of
directors, risk tolerances,
profiles, workshops, and allocation of resources, while focusing
on the principles
that determine business success.
Practitioners interested in implementing ERM, enhancing their
34. knowledge on
the subject, or wishing to mature their ERM program, will find
this book an abso-
lute must resource to have. Case studies are one of the best
ways to learn more on
this topic.
This book is a companion to Enterprise Risk Management:
Today’s Leading
Research and Best Practices for Tomorrow’s Executives (Fraser
and Simkins 2010).
Together, these two books can create a curriculum of study for
business students
and risk practitioners who desire to have a better understanding
of the world of
enterprise risk management and where it is heading in the
future. Boards and
senior leadership teams in progressive organizations are now
engaging in building
ERM into their scenario-planning and decision-making
processes. These forward-
looking organizations are also integrating ERM into the
business-planning pro-
cess with resource allocation and investment decisions. At the
business unit
35. level, ERM is being used to measure the performance of risk-
taking activities of
employees.
As these case studies demonstrate, ERM is a continuous
improvement process
and takes time to evolve. As can be gleaned from these case
studies, most firms that
have taken the ERM journey started with a basic ERM language,
risk identification,
and risk-assessment process and then moved down the road to
broaden their pro-
grams to include risk treatments, monitoring, and reporting
processes. The ulti-
mate goal of ERM is to have it embedded into the risk culture of
the organization
and drive the decision-making process to make more sound
business decisions.
www.it-ebooks.info
http://www.it-ebooks.info/
4 Implementing Enterprise Risk Management
36. SUMMARY OF THE BOOK CHAPTERS
As mentioned earlier, the purpose of this book is to provide
case studies on ERM
in order to educate executives, risk practitioners, academics,
and students alike
about this evolving methodology. To achieve this goal, the book
is organized into
the following sections:
Part I: Overview and Insights for Teaching ERM
Part II: ERM Implementation at Leading Organizations
Part III: Linking ERM to Strategy and Strategic Risk
Management
Part IV: Specialized Aspects of Risk Management
Part V: Mini-Cases on ERM and Risk
Part VI: Other Case Studies
Brief descriptions of the contributors and the chapters are
provided next.
PART I: OVERVIEW AND INSIGHTS FOR
TEACHING ERM
The first two chapters provide an overview of ERM and
guidance on ERM educa-
37. tion. As we have pointed out, education on ERM is crucial and
more universities
need to offer courses in this area. Our conversations with many
ERM educators
and consultants highlight how extremely challenging it is to
achieve excellence in
ERM education.
Chapter 2, “An Innovative Method to Teaching Enterprise Risk
Manage-
ment: A Learner-Centered Teaching Approach,” offers insights
and suggestions
on teaching ERM. This chapter covers the concept of flipping
the classroom with
learner-centered teaching (LCT), distinguishes it from
traditional lectures, and
describes how it can be used in teaching ERM. The LCT
approach emphasizes
active student participation and collaboration on in-class
activities such as case
studies versus the traditional lecture approach. This chapter
provides several
examples as to how LCT can be applied in teaching ERM,
utilizing Fraser and
Simkins’ (2010) book. David R. Lange and Betty J. Simkins,
38. both experienced ERM
educators, team together to write this chapter. David Lange,
DBA, is an Auburn
University Montgomery (AUM) Distinguished Research and
Teaching Professor of
Finance. He has received many prestigious awards for both
research and teaching
from the University and from several academic associations. He
has taught many
courses in the area of risk management and has consulted in a
significant num-
ber of individual and class insurance–related cases in both state
and federal court.
Betty Simkins, PhD, the Williams Companies Chair of Business
and Professor of
Finance at Oklahoma State University, is coeditor of this book.
PART II: ERM IMPLEMENTATION AT
LEADING ORGANIZATIONS
Part II is a collection of ERM case studies that give examples of
how ERM was
developed and applied in major organizations around the world.
Note that there
is no perfect ERM case study and the objective is for readers to
assess what they
39. believe was successful or not so successful about these ERM
programs.
www.it-ebooks.info
http://www.it-ebooks.info/
ENTERPRISE RISK MANAGEMENT CASE STUDIES 5
The first case study in this book describes ERM at Mars, Inc.
Larry Warner, who
is the former corporate risk manager at Mars, Inc. and now is
president of Warner
Risk Group, describes the ERM program at the company in
Chapter 3. Mars is
a global food company and one of the largest privately held
corporations in the
United States. It has more than 72,000 associates and annual net
sales in excess
of $33 billion across six business segments—Petcare,
Chocolate, Wrigley, Food,
Drinks, and Symbioscience. Its brands include Pedigree, Royal
Canin, M&M’s,
Snickers, Extra, Skittles, Uncle Ben’s, and Flavia. With such
40. complex business oper-
ations, Mars recognized the importance of providing its
managers with a tool to
knowledgably and comfortably take risk in order to achieve its
long-term goals.
Mars business units use its award-winning process to test their
annual operating
plan and thereby increase the probability of achieving these
objectives.
The case study in Chapter 4 entitled “Value and Risk: ERM in
Statoil” was writ-
ten by Alf Alviniussen, who is the former Group Treasurer and
Senior Vice Pres-
ident of Norsk Hydro ASA, Oslo, Norway, and Håkan
Jankensgård who holds
a PhD in risk management from Lund University, Sweden.
Håkan is also a for-
mer risk manager of Norsk Hydro. In this case study, the
authors discuss ERM at
Statoil, one of the top oil and gas companies in the world,
located in Norway. In
Statoil, understanding and managing risk is today considered a
core value of the
company, which is written into the corporate directives and
41. widely communicated
to employees. ERM is thoroughly embedded in the
organization’s work processes,
and its risk committee has managed the transition from a “silo”-
mentality to pro-
moting Statoil’s best interests in areas where risk needs to be
considered.
Chapter 5, called “ERM in Practice at University of California
Health Systems,”
is written by their former Chief Risk Officer (CRO), Grace
Crickette, who is now
the Senior Vice President and Chief Risk and Compliance
Officer of AAA Northern
California, Nevada, and Utah. The University of California’s
(UC) Health System
is comprised of numerous clinical operations, including five
medical centers that
support the clinical teaching programs for the university’s
medical and health sci-
ence school and handle more than three million patient visits
each year. ERM plays
an important role at the UC Health System and assists the
organization in assess-
ing and responding to all risks (operational, clinical, business,
42. accreditation, and
regulatory) that affect the achievement of the strategic and
financial objectives of
the UC Health System.
The descriptive case study in Chapter 6, written by Dr. Mark
Frigo from
DePaul University and Hans Læssøe, the Strategic Risk
Manager of the LEGO
Group, provides a great example of integrating risk management
in strategy devel-
opment and strategy execution at the LEGO Group, which is
based on an initiative
started in late 2006 and led by co-author Hans Læssøe. The
LEGO methodology is
also part of the continuing work of the Strategic Risk
Management Lab at DePaul
University, which is identifying and developing leading
practices in integrating
risk management with strategy development and execution.
United Grain Growers (UGG), a conservative 100-year-old
Winnipeg, Canada-
based grain handler and distributor of farm supplies, was an
ERM pioneer. Chap-
43. ter 7 called “Turning the Organizational Pyramid Upside Down:
Ten Years of Evo-
lution in Enterprise Risk Management at United Grain Growers”
analyzes the ERM
program at United Grain Growers 15 years later. When UGG
announced that it
had implemented a new integrated risk-financing program in
1999, it received
a great deal of attention in the financial press. CFO magazine
hailed the UGG
www.it-ebooks.info
http://www.it-ebooks.info/
6 Implementing Enterprise Risk Management
program as “the deal of the decade.” The Economist
characterized it as a “revo-
lutionary advance in corporate finance,” and Harvard University
created a UGG
case study. While most outside attention focused on the direct
financial benefits
of implementing the program (protection of cash flow, the
44. reduced risk-capital
required, and a 20 percent increase in stock price), scant
attention was given to the
less tangible and therefore less measurable issues of
governance, leadership, and
corporate culture—the conditions that enabled such innovation.
It was a combi-
nation of a collaborative leadership open to new ideas, a culture
of controlled risk
taking, and active risk oversight by the board that produced a
strategic approach
to UGG’s risk management process. This chapter is written by
John Bugalla, who
is the principal of ermINSIGHTS.
John Hargreaves has written Chapter 8 titled “Housing
Association Case
Study of ERM in a Changing Marketplace.” He has a
mathematics degree from
Cambridge University and six years strategy consultancy
experience at KPMG.
This case study features four real-life charitable housing
associations in England
and Wales, each with a different strategy and risk environment.
Simple yet prac-
45. tical tools to assist in risk identification and prioritization are
also presented. This
case study has two main aims. The first is to help develop an
understanding of
the importance of ERM in a charitable context, showing that
modern charities are
often very active organizations that face significant risks.
Second, the case aims to
illustrate the need for a close relationship between risk
assessment and strategy
development, particularly in sectors where objectives are
defined in social as well
as economic terms. Each of the four cases has a different
perspective and challenges
the student or practitioner to identify and assess the risk and
develop possible risk
treatments for each.
Chapter 9, “Lessons from the Academy: ERM Implementation in
the Univer-
sity Setting,” was written by Anne E. Lundquist. She is
pursuing a PhD in the
Educational Leadership program at Western Michigan
University with a concen-
tration in Higher Education Administration. This chapter
46. explores the unique
aspects of the University of Washington’s (UW) risk
environment, including how
leadership, goal-setting, planning, and decision-making differ
from the for-profit
sector. The lack of risk management regulatory requirements,
combined with cul-
tural and environmental differences, helps explain why there are
a limited number
of fully evolved ERM programs at colleges and universities.
The second half of the
chapter explores the decision to adopt and implement ERM at
UW, including a
description of early decisions, a timeline of how the program
evolved, a discus-
sion of the ERM framework, and examples of some of the tools
used in the risk
management process. It traces the evolution of the UW program
as well as demon-
strates decisions that administrators made to tailor ERM to fit
the decentralized
culture of a university.
The case study in Chapter 10, “Developing Accountability in
Risk Manage-
47. ment: The British Columbia Lottery Corporation Case Study,”
demonstrates how
ERM was successfully implemented in a Canadian public sector
organization over
a 10-year period. Jacquetta Goy, author of this chapter, was the
Senior Manager,
Risk Advisory Services at British Columbia Lottery Corporation
and was respon-
sible for establishing and developing the ERM program.
Currently, Jacquetta is
the Director of Risk Management at Thompson Rivers
University, Canada. This
case study focuses on initiation, early development, and
sustainment of the ERM
www.it-ebooks.info
http://www.it-ebooks.info/
ENTERPRISE RISK MANAGEMENT CASE STUDIES 7
program, highlighting some of the barriers and enablers that
affected implemen-
tation. This case study includes a focus on developing risk
48. profiles; the role of
risk managers, champions, and committees; and the
development of effective risk
evaluation tools. The approach to ERM has evolved from
informal conversations
supported by an external assessment, through a period of high-
level corporate
focus supported by a dedicated group of champions using voting
technology to
an embedded approach, where risk assessment is incorporated
into both opera-
tional practice and planning.
Chapter 11, “Starting from Scratch: The Evolution of ERM at
the Workers Com-
pensation Fund,” describes the evolution of a formal ERM
program at a midsize
property casualty insurance carrier. This chapter is authored by
Dan Hair, the CRO
of the Workers Compensation Fund. In this chapter, the
motivations of executive
management and the board of directors in taking existing
strategic risk manage-
ment discussions to a higher level are reviewed. The step-by-
step actions taken by
49. the company to develop the ERM program are explained in
chronological order.
External resources used are also commented upon. The chapter
concludes with a
discussion of striking an ongoing balance between program
rigor, documentation,
and business needs.
Chapter 12, “Measuring Performance at Intuit: A Value-Added
Component
in ERM Programs,” shows how Intuit, maker of Quicken,
QuickBooks, and Turbo-
Tax, is committed to creating new and easier ways for
consumers and businesses to
tackle life’s financial chores, giving them more time to live
their lives and
run their businesses. This case study shows how Intuit, a global
company, is
exposed to a wide range of customer-related and operational
risks. Understand-
ing the risk landscape enables Intuit to formulate and execute
strategies to address
potential pitfalls and opportunities. The author, Janet Nasburg,
is Chief Risk Offi-
cer at Intuit. Janet is responsible for driving Intuit’s ERM
50. capability, ensuring that
the company appropriately balances opportunities and risks to
achieve optimal
business results. Before Intuit, Janet spent 16 years in various
finance roles at Visa,
and has more than 30 years of risk management and finance
experience.
Chapter 13 describes TD Bank’s ERM program and how it has
been developed
to reinforce the risk culture and ensure that all stakeholders
have a common under-
standing of how risks are addressed within the organization.
This is achieved by
identifying the risks to TD Bank’s business strategy and
operations, determining
the types of risk it is prepared to take, establishing policies and
practices to gov-
ern risks, and following an ERM framework to manage those
risks. This chapter is
co-authored by Paul Cunha and Kristina Narvaez. Paul Cunha is
Vice President,
Enterprise Risk Management at TD Bank. During his career at
TD Bank, he has
spent time in risk management, internal audit, retail banking,
51. commercial bank-
ing, and corporate and investment banking. Kristina Narvaez is
the president and
owner of ERM Strategies, LLC, and is co-editor of this book.
PART III: LINKING ERM TO STRATEGY AND
STRATEGIC RISK MANAGEMENT
Part III of this book demonstrates the link between ERM and
strategy in what is
now being called strategic risk management (SRM). SRM
represents an important
evolution in enterprise risk management, shifting from a
reactive approach to a
www.it-ebooks.info
http://www.it-ebooks.info/
8 Implementing Enterprise Risk Management
proactive approach in dealing with the large spectrum of risks
across the organi-
zation. These case studies view their risk-taking activities in a
strategic way, not
52. only to protect the organization’s value and assets, but also to
be able to capture
new value that is in alignment with the strategic goals of the
organization.
Zurich Insurance Group, the case study in Chapter 14,
demonstrates the link
between ERM and strategy. Zurich is a global insurance carrier
and is exposed to
a wide range of risks. Zurich recognizes that taking the right
risks is a necessary
part of growing and protecting shareholder value. It is careful
not to miss valu-
able market opportunities that could attract the best talent and
investor capital, but
must also balance the growth opportunities with the reality that
it is operating in
a complex world economy. This chapter is co-authored by Linda
Conrad, Director
of Strategic Business Risk Management at Zurich and Kristina
Narvaez, president
and owner of ERM Strategies, LLC and co-editor of this book.
Linda leads a global
team responsible for delivering tactical solutions to Zurich and
to its customers on
53. strategic issues such as business resilience, supply chain risk,
ERM, risk culture,
and total risk profiling.
Chapter 15, “Embedding ERM into Strategic Planning at the
City of Edmon-
ton,” is written by Ken Baker, who is their ERM Program
Manager. This study
examines the process used by the City of Edmonton in Alberta,
Canada, to estab-
lish its strategic ERM model. After examining several existing
frameworks, the
City decided on a framework based on the ISO 31000 risk
management standard,
but customized to suit the City’s needs. During the process,
administration had
to weigh factors common to any large organization, as well as
those specific to
governments in general and municipalities in particular. The
chronicling of this
process may assist those in similar organizations to more
successfully implement
their own ERM and SRM programs.
Chapter 16 describes a brief history of the evolution of
54. enterprise risk
management and describes a new and innovative approach
(value mapping) to
measuring the potential value by taking risks. This chapter also
provides a model
for incorporating the ERM process into strategic planning. John
Bugalla, Principal
of ermINSIGHTS and author of Chapter 7, and James Kallman,
a finance professor
at St. Edward’s University, co-author this chapter. John’s
experience includes
30 years in the risk management profession serving as
Managing Director of
Marsh & McLennan, Inc., Willis Group, Plc., and Aon Corp.,
before founding
ermINSIGHTS. James teaches courses in finance, statistics, and
risk management.
PART IV: SPECIALIZED ASPECTS OF
RISK MANAGEMENT
Part IV of the book captures unique aspects of ERM so that the
reader can learn
about the many broad applications, including insights into
managing specific
types of risk. This part starts with a case study in Chapter 17 of
55. the challenges
of risk management within a typical police department. This
case is followed by
eight additional chapters addressing other intriguing aspects of
risk management.
Andrew Graham reveals the complex and challenging aspects of
risk manage-
ment in Chapter 17, “Developing a Strategic Risk Plan for the
Hope City Police Ser-
vice.” This fictional case study was developed based on many
years of teaching risk
management to police forces. The setting is a medium-sized but
growing city that
www.it-ebooks.info
http://www.it-ebooks.info/
ENTERPRISE RISK MANAGEMENT CASE STUDIES 9
is facing many issues, including changes in demographics,
traffic issues, budgetary
challenges, and so on. The student is required to act as a
56. consultant who has been
hired by the chief of police to assist him in briefing the Police
Services Board and the
mayor in understanding the most critical risks to their objective
of having a best-
in-class police service for their citizens. Andrew Graham
researches, teaches, and
writes on public-sector management, financial management,
integrated risk man-
agement, and governance at Queen’s University School of
Policy Studies, Canada,
as well as a variety of international and Canadian venues.
Andrew had an exten-
sive career in Canada’s criminal justice system and has taught
and worked with
police services and police boards and commissioners in a
variety of ways for the
past 10 years.
Chapter 18, “Blue Wood Chocolates,” is designed to facilitate
discussion of the
implementation of an ERM framework, corporate governance
issues, and com-
modity risk management. The situation that this fictional
company faces is typi-
57. cal of many midsize companies that have performed
satisfactorily in the past but
are exposed, often unknowingly, to major potential risks and do
not have the
internal governance and risk management structures to identify,
quantify, and
manage such risks adequately. In particular, this case illustrates
commodity and
foreign currency exposures, and challenges the student to
investigate the specifics
of hedging such positions. Rick Nason, PhD, CFA, and Stephen
McPhie, CA, coau-
thored this chapter. Rick is an associate professor of finance at
Dalhousie Univer-
sity, Canada, and is also a founding partner of RSD