LESSON 1: INTRODUCTION TO RISK Chapter Objectives • Discuss different meanings of the term risk. • Describe major types of business risk and personal risk. • Explain and compare pure risk to other types of risk. • Outline the risk management process and describe major risk Expected loss UNIT I CHAPTER 1 RISK & ITS MANAGEMENT Expected loss Uncertainty (vaiability around the expected loss) One situation is riskier than other if it has greater RISK MANAGEMENTFOR GLOBAL FINANCIAL SERVICES
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ABSTRACT Risk management is an activity‚ which integrates recognition of risk‚ risk assessment‚ developing strategies to manage it‚ and mitigation of risk using managerial resources. Some traditional risk managements are focused on risks stemming from physical or legal causes. (For example‚ natural disasters or fires‚ accidents‚ death). It may refer to numerous types of threats caused by environment‚ technology‚ humans‚ organizations and politics. Objective of risk management is identifying the
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corporate diversity strategy that is executed using a planned change approach to systemically manage diversity. While many organizations have implemented a corporate diversity strategy‚ most have not used a “planned change-corporate diversity strategy”. The lack of a “planned change-corporate diversity strategy” is quite likely to inhibit managing diversity from becoming systemic to an organization’s culture and its way of doing business‚ thus tending to disallow the potential benefits of diversity to be maximized
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So this is the deal: society today frowns on giving the individual responsibility. We are governed by a set of rules that limits the ability of any individual to make a choice‚ because we believe that the individual will make the wrong choice‚ for either himself‚ others‚ or both. For example‚ take traffic rules. Rules such as stopping at stop signs and not running red lights should be entirely optional. A cop should not have jurisdiction or the responsibility to enforce such rules; they should merely
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Understand how to manage a team 1.1 Define the key features of effective team performance The features of an effective team could be best summed up by Kenneth Blanchard’s Mnemonic PERFORM; this can be broken down into the following: P = Purpose E = Empowerment R = Relationships and communication F = Flexibility O = Optimal Productivity R = Recognition and appreciation M = Morale Purpose – The purpose must be commonly shared between each team member. There must be clear goals within
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Assignment 3 TLIA3507 Manage International Freight Transfer Assignment: TABLE OF CONTENTS PAGE NUMBER 1: Define what Dangerous goods is and how you would advise a client………………………2-4 How to identify and classify dangerous goods .include all the relevant Australian and International codes and regulations in the transport of dangerous goods internationally. 2: What is your understanding of Export Logistics from a freight forwarder…………………5-6
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Choice and Circumstance What happens when the life we choose for ourselves conflicts with the life that is chosen for us? “Shoplifters‚” by Maura Stanton‚ describes a group of shoplifters whose circumstances speak to the theme of isolation. They are alone‚ stealing by choice to fill the void they each share--a lack of relationship with another human. “Night Waitress‚” by Lynda Hull‚ describes a woman working the night shift by choice. The waitress complains to herself
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the school building is free from hazards and obstructions as this will prevent children from having any unnecessary accidents. It is the teacher’s responsibility and our responsibility to make sure that the classroom is free from hazards as there are many risks that could occur. There is a general classroom risk assessment updated every month in order to avoid accidents. 1.4 If using any safety equipment in my lessons‚ I would always ensure that this was properly set up and safe to use. I would
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How to Maintain A Computer System Start a notebook that includes information on your system. This notebook should be a single source of information about your entire system‚ both hardware and software. Each time you make a change to your system‚ adding or removing hardware or software‚ record the change. Always include the serial numbers of all equipment‚ vendor support numbers‚ and print outs for key system files. Secondly periodically review disk directories and delete unneeded files. Files
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Below are celebrities that are bad influence on fellow celebrities Taylor Momsen Though only 17‚ Taylor Momsen is known for her freaky behavior and stupid I’m-dying-for-attention interviews. Gossip Girl star and the Pretty Reckless front lady has said she believes she’s a bad influence on Madonna’s 14 year old daughter Lourdes. The two girls became friends while Taylor was working as a model for Madonna’s Material Girl clothing line. I probably am a bad influence‚” Taylor Momsen‚ known for
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