CSULA Computer Science Enterprise Risk Management Discussion

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California State University Los Angeles

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I’m studying for my Computer Science class and need an explanation.

Risk can be looked at as the effect of uncertainty on organizational objectives. If that is the case how can an organization create value from uncertainty? What tools can an organization use or what does an organization have to have in order to achieve any kind of value in the face of uncertainty? Does the organization have to be accountability to anyone, if so who? Are there any internal/external forces involved?

Answer the above questions in the context of the JAA Inc. case study. Put yourself in their shoes. 

 use the below book

Fraser, J., Simkins, B., & Narvaez, K. (2014). Implementing enterprise risk management: Case studies and best practices. John Wiley & Sons. 

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Attached.

Running head: ENTERPRISE RISK MANAGEMENT

Enterprise Risk Management
Name
Institutional Affiliation

1

ENTERPRISE RISK MANAGEMENT

2

Enterprise Risk Management
Considering the dynamic environment that organizations are operating in, companies are
faced with demands to manage risks from various stakeholders. As such, organizations are
seeking ways to manage risks by creating value. For companies that want to create value from
uncertainties, the starting point is to identify and assess the risks. After risk identification,
evaluation based on external risk, preventable and strategic risk will give the organization the
perspective of how to appropriately respond. In the case of JAA Inc. the company has identified
its risks ranging from competitor’s marketing strategies to local trade laws and regulations. The
company needs to crea...

Atvanu (24694)
UCLA

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