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The work responds to the question prompt using the given sources. Risk management techniques
by the two authors have been compared and an opinion given based on the analysis.
Running head: RISK MANAGEMENT
Identifying and Managing Risk
In most cases, organizations are faced with various threats to their overall wellbeing in
terms of success. The ability of an organization to be able to foretell risks and curb them
proactively contributes significantly to the success of the organization. One of the major risk
types that have the potential of threatening an organization’s long-term survival is financial risks.
Thus, organizations have to discover the various means by which they can effectively identify
and manage these risks for their survival in the long term. Dr. James Kallman, a risk
management expert has written several articles on the methods that can be used to manage
financial risk and given his know how the aim of this paper is to compare the techniques given in
one of his articles to the techniques that were proposed by another selected author. The article
selected for Dr. Kallman is that of 2008, ‘Risk Management Solutions’ and the second article
will be by Kent Miller (1992), ‘A framework for integrated risk management in international
It is noteworthy that both authors acknowledge that financial r...
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