Risk Management and Risk Management Strategy Case Study

Risk Management and Risk Management Strategy - Case Study Example This research paper consists of two parts. On the example of PowerCo, the company operating in the field of electricity, risk management strategy is correlated with human resource development as one of the crucial and integrative components necessary for company’s competitiveness in the global market. Further on, it is underlined that the steps taken by risk managers of the company are oriented on internal and external trainings development and a constant education of employees. In such a way, PowerCo makes an attempt to fight against its rivals in the global market. Moreover, they try to fight against overall occurrence of electricity campaigns and become global by means of investing and developing their human resources. Part I Case Study on Risk Management Introduction Risk management is one of the most important issues for the modern companies. A successful performance of a small and big company directly depends on the ability to apply risk management strategies correctly. The main objective of risk management is to identify, evaluate and mitigate potential external risks. Very often risk management strategy is applied for global or large companies. Small companies are left outside and very often managers of these companies do not care much about risk management strategy involvement as a possible solution to the company’s problem. The following research consisting of two parts is outlined with regards to a common risk management cycle. The company chosen for further discussion is PowerCo international company producing electricity that has a potential to expand globally. With this respect, numerous challenges may occur. The future is unpredictable for successful companies or those who only start up their businesses. Nevertheless, many researches and

SCHOLARLY ARTICLE JOURNAL SUMMARY Essay Example | Topics and Well Written Essays - 500 words

SCHOLARLY ARTICLE JOURNAL SUMMARY - Essay Example Though there are differences between the variables of ethnicity and race, the variable of ethnicity suffers from the same problems that are attributed to race. Furthermore, in modern developed societies ethnicity has taken on racist tones with the argument that cultural racism is replacing the traditional notions of racism based on biology or color of individuals. This increased divisions in society based on ethnic lines enhances the significance of the ethnicity variable. Ethnic divisions in society are not any different from the other divisions of society and do not exist in isolation in a society. Exclusion of minority ethnic groupings is a regular feature and the exclusion stems from innate features of the ethnic groups than on any other factors and the disadvantage that these minority groups face is looked upon as an essential problem with the culture of the group. Examples of this lie in the position of African Americans in the U.S.A. and the Aboriginal people in Australia. An understanding of the key factors involved on the issue of sociology of ethnicity and health is by looking at them from four perspectives. The increase in life span experienced in the developed world has brought with it issues of chronic illness and impairment to society. Providing care for the chronically ill or those with impairments has caught the attention of society, through the assessment of how best their needs like daily physical labor involved in their care needs to be addressed. Emerging information from studies conducted indicate that while the needs of the white community are taken care of, there is less importance given to the needs of the minority ethnic communities that exits in these developed societies. The Bangladeshis in British society provide a clear example of this lack of stress on minority communities. Bangladesh was a part of the British colonial world and economic conditions in the country led to migration to Britain, but they came