Litrature Review

Masters
Essay
Miscellaneous
Pages 2 (502 words)
Download 0
In most organizations or companies, risk assessment plays a pivotal role in decision-making procedures. To carry out this task, leaders must know certain benchmarks and procedures in order to have a full-grasp of the magnitude of risks that organizations might face…

Introduction


The question is: How can these concepts be squarely applied in risk assessment Hiring qualified people, just like what Machiavelli opined, is among the practical skills generally associated with good leadership. As corroborated by Grint (1997), an effective leader invariably chooses competent associates and subordinates who can give straightforward and well thought-out recommendations in response to specific problems to carry out any undertaking regardless of their interests. This is where the significance of "risk managers" is realized and appreciated.
Evidently, leadership and risk assessment have an overt interplay which produces desirable results especially when applied in cases wherein business forecasting is crucial to a company's success. As a result, the essence of risk assessment in the overall success of an organization is not only valued but also highlighted. According to Slywotzky, A. and Drzik, J. (1995), effective leaders imbued with knowledge in risk management are needed so that failure can be foreseen, avoided, or addressed. As pointed out by leadership theorists, not all individuals can become ideal or effective leaders. As such, certain traits have been identified to find out who can carry out specific tasks in relation to risk assessment and risk management as a whole (Slywotzky, A. and Drzik, J. 1995).
Th ...
Download paper
Not exactly what you need?

Related papers

Review Article
Aiken and her peers sought to determine the relationship between nurse-patient ratio and the quality of nursing care provided with focus on mortality and rescue success rates on surgical patients. Nurse job dissatisfaction and burnout due to the increased number of patients handled were also explored.…
Article Review
The aim of this research was laid out as to understand how the participants for the project triumph over the perceived obstacles to their progress and what methodologies do they adopt for learning in their schools. While this tries to identify the reason behind how a few of the boys perform well and why they do not move to a better school once their talent is identified. The paper takes a…
LITERTURE REVIEW
Of all the industries, sectors that require professionals to continuously interact with non-professionals need effective communicators. Industries like hospitality, media, medical, legal and other service sectors need people not only with strong professional backgrounds, but also excellent communication skills.…
Review paper
Viruses infect cellular forms of life and are grouped into animal, plant and bacterial viruses.…
Peer Review
Increasingly, the threat of medications that are risky being placed on the market anyway is becoming a problem as well. The claim is somewhat justified by the numbers given later on in the paper, not to mention the possible side effects and warnings on Tylenol labels, etc. However, some of these claims are a bit irrational. Vitamin supplements being taken in excess is not a normal occurrence and…
Litrature Review
The question is: How can these concepts be squarely applied in risk assessment Hiring qualified people, just like what Machiavelli opined, is among the practical skills generally associated with good leadership. As corroborated by Grint (1997), an effective leader invariably chooses competent associates and subordinates who can give straightforward and well thought-out recommendations in response…
Littertaure review
There is the continual need to repair and maintain homes increases demand for home improvement, increases consumer wealth, and enables people to have more fashionable and stylish homes. DIY ('do-it-yourself'), defined by the Office for National Statistics (ONS) is:…