The difference between financial risk and business risk is implied.© BrainMass Inc. brainmass.com October 24, 2018, 11:40 pm ad1c9bdddf
Risk is an aspect of any organization's operation. When it is recognized, understood, and managed, risk can set the stage for sustainable growth. Companies need identify risk within their operations and plan a systematic approach to managing it.
According to www.anao.gov.au:
"Effective risk management contributes to better decision-making because it develops a deeper insight into risks and their potential impact. It is a structured and disciplined approach: it aligns strategy, processes, people, technology, and knowledge with the purpose of evaluating and ...
Contrast financial risk and business risk.
A paper on risk management could analyze and evaluate the use of various strategies to manage financial risk or the application of enterprise risk management in an organizational context.
I have the following task, and I need some help getting started: Write a term paper, which must address theme within the context of a topic.
Theme: Risk Management
Topic: Analyze and evaluate the use of various strategies to manage financial risk or the application of enterprise risk management in an organizational context.
As a financial manager, discuss how to integrate the issue(s) into decision-making process. For example, would you use financial criteria exclusively? If so, which ones? If you would use non-financial criteria, which ones and how would you reconcile them with desired financial outcomes. Few managerial decisions have only a single solution. Also, there may be opportunity costs and risks that should be weighed.
Clearly state the issues that you are addressing and describe the organization(s) that are affected.
Where data are available, include a financial analysis that leads to your conclusion.
Where data are not available, describe in detail the type of analysis you would perform and the data needed to reach a conclusion.
Elect and defend the approach that seems most appropriate at this time. If you believe that there are evolving issues, state clearly what future actions you would recommend.
Be between 10 - 15 pages, plus appendices, exhibits, and references.
Include a one-page Executive Summary immediately following the title page that includes a statement of the major issue(s) and your specific recommendations. The content of an Executive Summary is similar to an abstract.
Properly cite reference sources (APA format): these may include course material, information from magazines, journals, and online sources. All reference sources must have a publication date no earlier than 2004.
Reuters (Yahoo will refer you here): http://www.reuters.com;
Edgar (SEC source of 10-K and other required financial reports; this is my saved "Favorite"): http://www.sec.gov/cgi-bin/srch-edgar; (EDGAR stands for Electronic Data Gathering and Retrieval)
Hoovers (general company information): http://www.hoovers.com;
Bloomberg (a good source of interest rate data): http://bloomberg.com/markets/rates/index.html;
Wall Street Journal free site: http://online.wsj.com/public/page/0,,2_0323,00.html;
Moody's (bond ratings): http://www.moodys.com;
Standard and Poors (bond ratings): http://www2.standardandpoors.com;
New York Stock Exchange: http://www.nyse.com/;
Bondpage (bond information): http://www.bondpage.com;
Federal Reserve (interest rates): http://www.federalreserve.gov/releases/h15/update/;
Vanguard bond site: http://flagship2.vanguard.com/VGApp/hnw/FundsBondsMarketSummaryTable; and
Bond Marketing Association (trade group) site: http://www.investingbonds.com