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The Fugitive Slave Act ______________________ . a. stated that slaves who crossed onto free soil were considered free c. required all citizens to help in the capture of runaway slaves b. established the underground railroad and charity organizations to help slaves gain freedom d. declared that slaves were property and could not bring court cases against free men



The Fugitive Slave Act ______________________ . a. stated that slaves who crossed onto free soil were considered free c. required all citizens to help in the capture of runaway slaves b. established the underground railroad and charity organizations to help slaves gain freedom d. declared that slaves were property and could not bring court cases against free men

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The U.S. response to miliant Islamic attacks by al Qaeda and other organizations included _____. Select the best answer from the choices provided. A. joining with Afghans fighting against the Taliban B. rebuilding roads in Afghanistan C. evicted Al Qaeda members from major cities in Afghanistan D. All of the answers are correct.



The U.S. response to miliant Islamic attacks by al Qaeda and other organizations included _____. Select the best answer from the choices provided. A. joining with Afghans fighting against the Taliban B. rebuilding roads in Afghanistan C. evicted Al Qaeda members from major cities in Afghanistan D. All of the answers are correct.

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How can networking with friends, colleagues and members of organizations assist your quest to become who you want to be?


Answered by answersmine AT 22/10/2019 – 03:50 AM

Because you are finding and searching for different connections to help and aid yourself to be more successful. Your putting yourself out there by linking with friends or family to make a wider span of connections that you can lean back upon.

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Which statement below best describes an advantage of obtaining a license? Licenses are regulated by professional organizations who oversee necessary healthcare career requirements. Licenses are regulated by government agencies who find licensed professionals jobs in the field of health care. Licenses are less advanced than a certificate but can lead to certification in a specific field of health care. Licenses are more advanced than a certificate and allow more freedom and options for independent practice.



Which statement below best describes an advantage of obtaining a license? Licenses are regulated by professional organizations who oversee necessary healthcare career requirements. Licenses are regulated by government agencies who find licensed professionals jobs in the field of health care. Licenses are less advanced than a certificate but can lead to certification in a specific field of health care. Licenses are more advanced than a certificate and allow more freedom and options for independent practice.

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Privacy is the right to be left alone when you want to be, without surveillance or interference from other individuals or organizations. a. True b. False



Privacy is the right to be left alone when you want to be, without surveillance or interference from other individuals or organizations. a. True b. False

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Diversity is the recognition, acknowledgement, and valuing of individual differences. In a diverse workforce and a diverse community, we must ensure the equitable treatment of individuals in all matters relating to delivery of State services, State business and employment practices… Back in 1999, the Governor brought together a team of individuals from around State Government to discuss ways that the state personnel process could be reformed to contribute to improvement of the Government’s bottom line. The Diversity Initiative was established as an outcome of discussions. Which of the following identifies the organization’s purpose for this document?


Answer:

Dogs can be strong companions, but they also have needs that many people forget to address.

Explanation:

The author’s claim is that many people forget to address the needs of their dogs. The author continues to talk about some of those needs, like regular washing and grooming to avoid becoming matted and sick. The author is not simply talking about washing and grooming, but other needs the dogs might have as well. These could include things like walking, a proper diet, or brushing their teeth.

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Against which industry did the congress of industrial organizations’ (cio’s) newly formed union stage a successful sit-down strike in 1936?


1- The correct answer is B, as one result of the Great Society was that the lives of many underprivileged Americans improved.

The Great Society was a set of US national reform programs announced by President Lyndon B. Johnson for the first time in a speech at Ohio University on May 7, 1964 and more fully illustrated on May 22, 1964 at the University of Michigan. These reform programs were subsequently presented to the Congress of the United States and largely approved during the 1960s, thanks to the consent of its supporters of the Democratic Party.

Two main goals of social reforms were the elimination of poverty and racial injustice. During this period new large spending programs were launched in the fields of education, medical care, urban problems and transport. Johnson’s “Great Society” was linked, in its objectives and policies, to President Franklin Delano Roosevelt’s New Deal program.

Some proposals of the Great Society resumed initiatives contained in the New Frontier program, interrupted by the tragic death of President John F. Kennedy. Johnson’s success in promoting and endorsing his reforms depended on his considerable congressional political influence, his persuasion, and the favorable historical circumstances resulting from the 1964 presidential elections, which allowed the Democratic Party to dominate Congress and to elect the House of Representatives with the largest number of exponents of the liberal current since 1938.

The evolution of the Vietnam war and the massive involvement of the American military machine in the conflict, however, partly undermined the success of the “Great Society” program. Growing, huge expenditures for the continuation of the war made more difficult to finance the reform programs. Representatives of the Democratic Party against the war in Vietnam complained that military spending decisively stifled the Great Society program. On the whole, however, despite growing political and economic difficulties, which forced the administration to eliminate or reduce the financing of some projects, President Johnson managed to activate a series of programs of great importance, including Medicare, Medicaid, the Older Americans Act and the federal education funding, which are still active.

2- The correct answer is C, as the Immigration and Nationality Act of 1965 was necessary because the previous existing American immigration policies were discriminatory.

On October 3, 1965, President Lyndon B. Johnson signed the law into effect, saying: “The [old] system violates the basic principle of American democracy, the principle according to which the valuation and reward of each man should be established on the basis of his merits as a man. It has been anti-American in the highest sense, because it has been unfaithful to the faith that led thousands to these shores, even before we were a country. ”

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Which of the following is an example of an emotional appeal? A. Many organizations have offered recommendations. B. It will have global impact in the near future. C. It will be the greatest environmental tragedy. D. More than 90 percent of the scientists agreed that it is probable.


Answer:Leo Tolstoy wrote the novella The Death of Ivan Ilyich to criticize the emerging middle class of modern Russia in the nineteenth century. Ivan Ilyich, his family, and his friends are part of this budding middle class. Tolstoy’s aim in writing this novella was to criticize the thoughts and the approach of middle class people toward their families, their jobs, and society. He used the life of Ivan Ilyich to demonstrate all the aspects of the middle class that he believed were wrong. Tolstoy portrays Ivan Ilyich as a man whose life decisions are based on social acceptance. He chooses his friends and even his wife based on their social standing. When he starts to find his family life unpleasant because of his wife’s constant nagging, he limits his interactions with the whole family. Instead, he seeks comfort in his work. He assumes a formal relationship with his family members, particularly his wife. This change in his feelings and attitude toward his family does not seem strange to him. On the contrary, getting away from his family becomes his life goal:  

This aloofness might have grieved Ivan Ilyich had he considered that it ought not to exist, but he now regarded the position as normal, and even made it the goal at which he aimed in family life.

Tolstoy deplored the middle-class habit of maintaining distance with family members in private but keeping up appearances of closeness for the public. Tolstoy shows his character Ivan Ilyich making the effort to maintain this detachment from his family members while ensuring that his family appears on the outside to be a regular and happy family. Even when he has to be at home with his family, he makes sure that they have guests. That way, he can avoid confrontations or meaningful discussions with his family:

His aim was to free himself more and more from those unpleasantnesses and to give them a semblance of harmlessness and propriety. He attained this by spending less and less time with his family, and when obliged to be at home he tried to safeguard his position by the presence of outsiders.

Ilyich’s work soon becomes an obsession, and everything else, including his family is secondary to his job:

The chief thing however was that he had his official duties. The whole interest of his life now centered in the official world and that interest absorbed him.

Through Ivan Ilyich, Tolstoy portrayed a class of people who make determined efforts to escape human contact and suffering by seemingly living in denial. They are people who run away from love and relationships, and they are unwilling to reflect on their lives. Instead, they choose to exist in their self-centered world until they are jolted into reality. In Ivan Ilyich’s case, this jolt comes in the form of his illness in chapter 4.  

Tolstoy would not have agreed with Ivan Ilyich’s priorities. Unlike Ivan, Tolstoy looked inward throughout his adult life. He searched for a deeper meaning and purpose, especially in regard to his political and religious ideals. While those ideals eventually caused Tolstoy to avoid his wife, he generally had a close relationship with his family. By all accounts, he seemed very much a man who loved and cherished his wife and their 10 children. While Tolstoy was dedicated to his writing, his family seemed to inspire him, rather than get in the way of his literary genius. His wife was involved in his work, having transcribed most of his writing. Even Tolstoy’s last days were spent on a pilgrimage that he embarked on with his youngest daughter.

Explanation:

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Just as human beings have a personality, organizations also have a “personality”the product(s) they sell and the type(s) of market(s) they participate in.


The Capital Asset Price Modeling (CAPM) gives the formula
for calculating the expected return of an asset given the risk as:

Rs = Rf + β (Rm – Rf)
Where,

Rs = expected return of the financial asset

Rf = risk free rate of return

β = beta
value of the asset

Rm = average
return on the capital market

The factor
(Rm – Rf) is also called as the market risk premium while the factor (Rs – Rf)
is the stock risk premium.

Rs – Rf = β
(Rm – Rf)

Rs – Rf = 1.7 (0.08)

Rs – Rf = 0.136 = 13.6%

Answer:
greater than 12%  (= 13.6%)

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“marvel comics allowed various organizations to use its spiderman and incredible hulk characters to market a wide variety of toys and clothing items. marvel comics received a percentage of the gross revenues. this is _____.”


1. Women have a greater BAL than men of the same weight because women have less alcohol dehydrogenase. This means that women metabolizes the alcohol differently from men due to our large body fat.

2. The statement “How quickly other drugs reach the bloodstream varies depending upon how the drug is put into the system and the type of drug, the age of the user, and the weight of the user.” is true. Because the body will perform differently at different ages of human.

3.  Individuals eliminate alcohol from their bodies at an approximate rate of  .015 BAL per hour.

4. Alcohol is absorbed by the body much faster than food because Alcohol is absorbed in the liver. That is why if a person suffers from alcoholism, his liver will be the first one to damage.

5. Excretion rates of drugs vary greatly depending upon the type of drug and length of time since it was ingested. Because drugs differ in their functions and their effects to the human body when ingested.

6. What percentage of alcohol is absorbed by the small intestine?
50-60%

7. Once the BAL has peaked and started to go down, people who have been drinking believe they are much more alert than they really are.

8. Different beverages may be absorbed at slightly different rates because of the drink’s chemical make-up

9. The statement that “Alcohol has to be broken down by the digestive system.” is false

10. The more alcohol-concentrated a beverage is, the more likely it will cause a hangover

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New employees in bureaucratic organizations usually have ___________ into the basic operating rules and procedures for getting things done.


If these were the given choices:
A. the vision of the corporate founder

B. expectations of leadership

C. the performance evaluation-reward system

D. the location of the organization’s manufacturing and distribution facilities

The unlikely basis for an organization’s culture is D. THE LOCATION OF THE ORGANIZATION’S MANUFACTURING AND DISTRIBUTION FACILITIES.

An organization’s culture is based on the vision and mission of the company as well as its rewards to its employees. The culture of an organization is manifested in its treatment to its employees and services rendered to its customers. 

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News organizations, such as newspapers or television news channels, are guaranteed the right to gather information and report it to the public. This protection is known as the A. right to trial by jury. B. right to bear arms. C. freedom of the press. D. freedom of religion.



News organizations, such as newspapers or television news channels, are guaranteed the right to gather information and report it to the public. This protection is known as the A. right to trial by jury. B. right to bear arms. C. freedom of the press. D. freedom of religion.

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Discuss the extent to which religious organizations have supported affected communities.


Aside from government organizations, religious organizations of various denominations, particularly Christian and Catholic organizations, have played a central role in aiding communities that have been affected by political and military conflict, terrorism, natural disasters, and many others. The reason for it, aside from the usual attempt at evangelization, is that the very core of the Christian faith is to support those who are most vulnerable in society.

For example, it is enough to look at regions of the world that have been devastated by war and famine, to be able to see this issue. When you look at Africa, there is no clearer picture of how religious organizations have supported these communities through diverse activities, like feeding them, teaching them, or providing healthcare services for free. Countries in the Middle East, one of the most violent regions in the world, right now, also receive enormous percentages of aid from religious organizations, through money, but most of all, through human resources; people who go to the devastated countries to provide healthcare services and others.

The most important issue here is that, unlike governmental agencies, and international agencies, religious organizations have affected vulnerable communities not just for a short period of time – just during the peak of the problem- as has been cases like Haiti, after the earthquakes, or Venezuela in their internal conflict, but they work long-term and their effect are also long-term.

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Which sentence is the correctly written compound sentence? A. County organizations benefit from the fundraisers, some state groups benefit as well. B. Some state groups benefit from the fundraisers, which also help many county organizations. C. County organizations benefit from the fundraisers, and some state groups benefit as well. D. County organizations and state groups both benefit from the fundraisers.


The correct answer is option C. Three pyramids RISE from the plateau, and the sphinx SEEMS to stand guard.

In the first case, the verb is plural because it has to agree with the subject (three pyramids). On the second part of the sentence, the suitable verb is seems, because the subject is singular: The sphinx. (Only one).

Subjects and verbs must agree with one another in number,  if a subject is singular, its verb must also be singular. On the contrary, if a subject is plural, its verb must also be plural.

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Name two organizations that fought to promote the cause of latino


Answer:

d. women had moved into voter and party participation.

Explanation:

The right to vote of women was proposed seriously for the first time in the United States in July 1848, at the Seneca Falls Women’s Rights Convention, organized by Elizabeth Cady Stanton and Lucretia Mott. One of the women who attended that convention was Charlotte Woodward, who at that time was 19 years old. In 1920, when women finally won the right to vote across the nation, Charlotte Woodward was the only participant in the 1848 convention that still lived to vote, although she was apparently too ill to actually vote.

By the beginning of the 20th century, some battles for women’s suffrage had already been won state by state. Alice Paul and the National Women’s Party began to use more radical tactics to work for a federal amendment to the Constitution: they picketed posters in front of the White House, organized large marches and demonstrations, went to jail. Thousands of ordinary women participated in these actions – a family legend is that my grandmother was part of a group of women who chained themselves to the door of a court in Minneapolis during this period.

In 1913, Paul led a march of eight thousand participants on the day of President Woodrow Wilson’s inauguration. (Half a million viewers saw them, two hundred were wounded in the violence that was unleashed.) During Wilson’s second inauguration in 1917, Paul led a march around the White House. Facing a well-organized and well-financed anti-shipwreck movement who argued that most women did not really want the vote, and that they were not qualified to exercise it anyway.

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Importance of Risk Management in Organizations


Risk Management And Organizations

Introduction

In business and different organizations’ programs risk play a very major role and it has be to be managed wisely. Risk management is defined as the procedure which includes with the identification, assessment and controlling problems of capital and earnings of an organization. These types of risk problems and risks causes’ monetary unreliability, licit duties, deliberate management delusions, natural disasters and accidents. That is why organizations make alleviation of these threats their top priority. (Theirm.org, 2018)

Organizations Risk Tolerance in Different Environments

Risk tolerance is defined as the degree of variability in investment returns that an investor is willing to withstand. Risk management doesn’t always mean to reduce risk because without taking risks, no of the organization can be operated. The main goal of risk management is to increase risk-reward for a given risk tolerance. (THUNE, 2018)

Importance of Risk Management in Organizations

Different Business Environments And The Likely Risks of Those Environments:

Wal-Mart Stores Incorporate, a big name in the major successful organizations of United States of America. Wal-Mart Stores Inc. has hardened their supply sources policies to include a “zero tolerance policy. They say, as part of the changes to its sourcing standards, some of which will take effect as soon as April 1, Wal-Mart warned its suppliers of a zero-tolerance policy for unauthorized subcontracting, the retailer said in a statement. Like Wal-Mart, many other organizations make different strategies to manage risk in the organization. (Rouse, 2018)

Business Environment

All internal and external environments that modify how the corporation works including all the demand and supply, customers, business orders, management and employees are included in business environment. (Cliffsnotes.com, 2016)

  • Internal Business Environment

It usually defines by ongoing artisan, administration and especially collective lifestyle within the firm. Some components influence the organization and some of elements affect only the manager. (Spacey, 2015)

  • External Business Environment

External environment of an organization includes all the outside impacts or circumstances that influence the operation of business. The business must act or react to keep up its flow of operations. (Toppr.com, 2018)

Risk

The aptitude of losing or obtaining anything of value is basically known as risk. Value includes health, wealth, emotions statuses etc. it could be gained or excluded whenever we take a risk. (Getsmarteraboutmoney.com, 2018)

Types of Risks in Business Environment:

There are many types of risks in the business environment. Some of them are described ahead.

The risk which arises when an organization’s scheme turns into slight productive and in the result, it scuffles to achieve its objectives.

The disclosure of legit forfeiture, financial abandonment, and material loss a firm or an organization faces when it lacks to follow industrial rules and regulations and internal policies of the organization.

Operational Risk focuses on unanticipated failures in an organization’s daily programs and procedures. It can be a technical fault, for example, a server outage, or it can be done due to the people or procedures of the organization. These risks can be solved by authorization of the organization as well as by keeping the payment system stronger.

Financial risk refers to extra costs or lost revenue. It deals with the money flow that moves in and out of our business and in circumstances that the organization could have a sudden loss.

Reputation is defined as an essential element of an organization whether whatever the business is. If the reputation of the organization is somehow damaged, it wouldn’t be a good situation for the organization. Sudden loss of revenue could happen. Customers would not prefer doing business with the organization.

Threats And Opportunities In Risk:

There are specifically designed strategies to, manage risk factors in an organization. Risk management strategy for any special purpose project is a high-rank plan that deals with tools and methods for identification, analyzing and diminishing negative circumstances (threats) that can molest the project while enhancing positive circumstances (opportunities) that can potentially upgrade the project. (MCCONNELL, 2012)

Risk Tolerance:

Risk tolerance is defined as the rank of risk targeted by an individual or an organization. To manage risk doesn’t always meant to lower risk because taking risk is the foundation whether dealing with personal issues or doing any business project. The main goal is to enhance the risk-reward of the business.

Types Of Risk Tolerance:

Some of the types of risk tolerances are described below.

A high-risk investor is a person who is able and willing to tolerate prospective loses up to 50% of their business in order to enhance their personal gains.

A low-risk investor is a person who is not willing to tolerate the prospective loss of their capital. They prefer to save their investments such as insured accounts which provides potential returns.

Individuals who are needed to upgrade a startup organization, they need to tolerate a high amount of risk. Business should be this much set that it could give a high level of potential return.

Mega projects are very high budget projects and are made for public safety. Due to which they have a very low amount of risk tolerance. That is why the organization has to work intensively in order to control risk tolerance.

  • Professional Snowboarder:

These projects are the type of very high budget projects. But it also has a huge risk tolerance level as it needs specific kind of high-level skills in it.

Methods To Measure Risk Tolerance Level

There are no specific methods to measure risk tolerance.

There are different tests by which we can measure the reaction of investors and entrepreneurs when they face different types of risks. These tests are based upon general sense. The different types of tests fall into two categories.

  • Investment Preference Tests:

It is a questionnaire which deals with preferences for selected invested vehicles. It asks questions about financial situations, goals and past experiences. It doesn’t deal with emotional reactions to risk. It is a quite simple type of test.

It is an elaborative type of questionnaire with competition to investment preference test. It deals with the questions about emotional circumstances like feelings, behavior or may include hypothetical situations too.

  • Taking Starbucks As An Example Of An Organization:

Starbucks may articulate its risk appetite but this is something explicit in its 10-k for example. If they decided to open and expand in Italy or North Korea may suggest something about their appetite for more risk. Their appetite changed when they bought the Boulange business and started selling alcohol. It would be a change in their appetite if they shifted from corporate stores to franchises (outside Los Angeles).

Develop Skills To Identify And Assess The Risk Profile of The Organization

Risk profile plays an important role in the development of an organization.

Produce a Risk Profile For an Organization:

Organizations need risk profiles because it is a way by which negative effects like risks are being diminished.

Risk Profile

A risk profile is defined as the profile which shows the measurement of willingness to take a risk and the threats which are to be faced. It could be a profile of an individual or an organization too. It also helps an organization in the allocation of resources.

Risk Aversion

Risk aversion is defined as the behavior of consumers and investors when they face risk. It is difficult to take decisions in a situation of risks. It could be due to a powerful entrant, high-tech changes, intruding into the switch in customer’s desire, market, changes in the fare of raw materials, or any number of other extensive stakes.

Methods oF Reducing Risk Aversion:

The three methods of reducing risk aversion are as follows.

In this method, we have to make set some expectations which help the organization as being a benchmark. It helps the organization to decrease risk aversion.

  • Bring In Policy Makers Early:

There should be a strong communication relation between innovators and policymakers of the organization. This would be the best solution to reduce risk aversion.

It includes introducing new inventions and ideas to an organization which encourages the organization to be more successful.

Risk Profiles of The Organization In Different Industries:

Different industries and different organizations do have different risk profiles.

Different Industries:

An industry is a place where raw materials are manufactured into consumer’s goods.  There are different types of industries worldwide; which include Aerospace industries, Chemical industries, Software industries, Technology industries, Pharmaceutical industries and many more. (Revisionworld.com, 2018)

Types of Analysis of Risk Management:

Risk analysis is the process which helps to find and manage risks before implementing different programs and strategies in the organization. The two types of analysis of risk management are described below.

It includes identification of the risks and threats that could be faced ahead. It includes human threats like (illness, death, injury etc.), operational threats, reputational, procedural, natural, political, structural and many other types of threats and risks.

It deals with estimating and calculating the probability of the occurring event. It can be measured by using a formula i.e.

Risk Value = Probability of Event x Cost of Event

Past data would also help in this procedure.

Risk Profiles of Different Industries:

Following, some of the risk profiles are described (directly taken from the CEOs speech).

  • Risk Profile Of Wal-Mart:

Wal-Mart is always in the span of problems and it is one of the defects of selling every kind of product in one market. Wal-Mart was also sued in Chicago in 2011 as one of its employees complained about harassment. Once it also sued in New Jersey in 2012 for using racist comments for the customer in the store and for many other cases too. It was also sued for bribery and money laundering in Mexico. (Ticosn, 2013)

  • The Risk Profile Of Outfitters:

Gross margin was negatively impacted by increased customer delivery and logistics expense rates, which we believe will likely weigh on gross margin in 2017, as well as by lower IMU [initial markup] and increased markdowns at both Anthropology and Urban Outfitters,” Meyer wrote. (Jim Swanson, 2017)

  • Risk Profile Of NIKE as an Example:

Credit Suisse First Boston said that with Phil Knight stepping down as chief executive, “the risk profile of Nike has increased” as with any executive change, “especially with someone from the outside.” CSFB said, “It is not known what strategy changes might be made, or to what extent Nike’s current management team will remain intact.

SWOT Analysis:

It measures Strengths, Weaknesses, Opportunities, and Threats in an organization. The measurement of these factors is very much important for the organizations as they are going to make the improvement in the strategies of the organization that are made for the working of the organization.

PESTLE Analysis:

It measures Political, Economic, social, Technological, Environmental and Legal (internal and external) environments of the organization. These factors make the affectionate of the organization better and keep them active in a social circle as a must.

Enterprise Wide Risk And its Benefits and Drawbacks

Enterprise-Wide Risk Approach:

Enterprise-Wide Risk Management (ERM) deals with a specific concept which helps to understand and manage risk and its management in organizations. (Jamieson, 201o)

Advantages Of ERM:

It focuses on company resources on managing the upside and downside of risk. It is a less expensive way to organize your company. This sets the organization in making better decisions and setting up a strong strategy for diminishing those risks.

Disadvantages Of ERM:

Its money and time consuming and if the results don’t match the overall organizational objectives, you can get discredited, and take all the blame home. The Risk performances of a risk manager cannot be measured in concrete quantifiable terms. Cost savings are normally hard to quantify and attribute to the risk desk. The same holds true for Auditors, Control Testers and Compliance professionals.

Key Risk Indicators:

A key risk indicator (KRI) is defined as a tool which indicates how much risk is present in an activity. It helps an organization or a company to know about the risk before time. (Metricstream.com, 2018)

It includes profit, Cost, Cost of goods sold, Sales by region etc.

Innovation Can Be Used To Reduce Risk Aversion in Growing Organizations

For investigating how to reduce risk aversion, we need to define risk aversion.

Innovation:

Innovation is defined as something new or any new method which provides new perceptions to an organization. Innovation improves the old method and makes new methods more effective. (Nibusinessinfo.co.uk, 2018)

Innovation In Business Context:

In the context of business, Innovation means to introduce new ideas in an organization in order to attract customers. Innovation makes the business environment more attractive and more innovative as a must. (Econ-it2.EU, 2018)

Application Of Innovation To Reduce Risks In An Organization:

Following are the applications which are used to reduce risks in an organization.

  1. Innovation needs its own strategy
  2. Innovation within constraints
  • Innovation when the sun is shining
  1. Innovate iteratively
  2. Innovate with customers
  3. Innovation accounting

Innovation Risks:

Innovation risk is defined as the threats which are faced by the organization when it is being innovated. These threats are from the competitors or from the any outsource factor that may disturb the working of the organization. (Hbr.org, 2013)

Types of Innovation Risks:

The two types are described below.

  • Operational – Competition:

Competition innovation risk includes the following stages:

  • Available For Service
  • Journeyman
  • Distinctive Competencies Achieved
  • World Class Delivery
  • Commercial – Uncertain Returns:

When an organization is not able to innovate commercially in the worldwide market. And when an organization is not earning sufficient and uncertain returns in profit.

Availability of Finance:

Finance plays a very important role while encouraging innovation in the organization. Finance supports the organization in terms of providing new and innovative ideas and material for the organization to be achieved properly.

Managing Innovation Risks:

There are many threats and problems which arise in the innovation of the organization. They are to be managed properly on time. If they do not be focused and maintained on time then they are not able to do work properly. (Erm.ncsu.edu, 2013)

Key Risk Indicators:

A key risk indicator (KRI) is defined as a tool which indicates how much risk is present in an activity. It helps an organization or a company to know about the risk before time.

Risks of Innovation:

Following risks are described below.

It is because of the competition between different organizations in the market. Competition between the environments makes the working efficiency of different organizations better and improved.

  • Uncertain Commercial Returns:

It is due to the return problems. Organizations do not get sufficient returns on their investments. In this regard, they start losing their working efficiency sometimes and may go down in order to become less successful. (Starfishmedical.com, 2018)

It includes scarce resources of the organization. The scare resources are very much helpful for the organization to be managed properly and effectively as a must.

Example of Key Risk Indicators

For example, Kodak is the commanding name of photography. In 1975, some of their engineers invented the digital camera. But they didn’t develop that idea as it was a threat to their business core model.

For Example: If we have a business of different products of an organic farm in California and sell our products to different stores and after a success, we decide to expand our sale to Europe. In all of the European countries, there are specific rules and regulations which are to be followed like taxation policies etc.

For example: If the amount on the check which is to be paid to the customer is written $500,000 instead of $50,000. it would cause a big loss to our organization. These type of errors are included in Reputational Risk.

For example: If one of the clients of our organization, from which we get a big amount of revenue and credit, is being expanded for 60 more days. We would have a financial risk if our client would not able to pay on time. It would take our business in a big loss.

For Example Any negative publicity of the products of the organization or any other embarrassing activity by the organization or its members and officials, or if products and strategies of the organization are being criticized. And nowadays, there is no need of doing any special kind of event to damage an organization’s reputation; it could be done by just some negative comments on Facebook or uncooperative tweets on twitter.

Mitigation Strategies For Threats:

Different strategies are used in different measures. These strategies help in improvement of the organization working efficiency.

It deals with Training and Physical security of the organization and its officials.

Networking hardworking measures include the implementation of network hardware level. (Securelist.com, 2018)

  • System Administrative Measures:

Organizations deals with the implementation of the program in these measures.

  • Specialized Security Measures:

It deals with the application of specialized security software.

Conclusion

Risk plays a vital role in our daily lives as well as in organizations. Without taking risks, no individual or no organization can set their roots towards success. Organizations need different innovations to be encouraged so it could be able to attract the customers and make them retain for a long time. Organizations should make such strategies which would help them to mitigate risk and such threats from their organization. In all the situations of daily life or programs of organizations, we do have both circumstances; threats and opportunities.

A risk manager is a person who takes care of alleviation of risk while diminishing the impact of threats and increasing opportunities. He also designs a high-quality plan of how the organization would manage risks and opportunities during the span of the project. Opportunity is defined as the chance to do something.  Opportunities in the management of projects in an organization are the methods and instruments which helps a risk manager to recognize and comprehend possible developments in the goals and objectives of the project. Threats include all the problems and bad situations that could be occurred in the organization. Threat management in an organization deals with recognizing and diminishing the negative circumstances; that are risks.

Also Study,

Construction Risk Management

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