Risk Management and Corporate Governance.
Think about all the ways, both large and small, that leaders affect an organization’s culture and goals. In an example described in The Economist magazine, Howard Schultz, CEO of Starbucks, decided that Starbucks should strive to be a “third place” in its customers’ lives, after only home and work (“The New Oases,” 2008). This directive influences all aspects of the organization, from the decoration of stores to the attitudes of employees. The governance of an organization will also affect its risk management strategies both directly and indirectly. Factors like organizational structure or culture can all affect how a given organization assesses and approaches risk. In this Discussion, you will evaluate your own experiences in order to more fully understand all the factors that determine how organizations manage risk.
Consider an organization where you currently work or for which you have worked or volunteered in the past, and how the makeup and structure of that organization affects its approach to risk management.
- Briefly describe the organizational structure (governance). This may include elements of culture, internal and external stakeholders, and the impact of the role of certain stakeholders on an organization’s risk management approach.
- What is the organization’s approach to risk management?
- What are the benefits and disadvantages of this approach?
- In the follow-up response, compare the structure of your organization and its approach to risk with one described in a colleague’s posting.
for the last part can we use McDonald’s or pizza hut, also note i will upload article soon as i find it.
2 references please