Description
Identifying and Managing Risk
In this assignment, you will compare and evaluate risk management techniques from experts in the field. Go to the Ashford University Library and find one article by Dr. James Kallman. Dr. Kallman, an expert in the field of risk management, has written many articles on managing financial risk. Find a second article in the Ashford University Library from another credible author of your choice who also provides recommendations for risk management.Develop a three- to four-page analysis (excluding the title and reference pages), of the techniques Dr. Kallman has identified for managing risks. In this analysis, compare Dr.Kallman’s techniques to the techniques recommended in the second article you researched. Explain why you agree or disagree with each authors’ recommendations. Describe other factors you believe should be considered in risk management. The assignment should be comprehensive and include specific examples. The paper should be formatted according to APA.
You must cite at least two scholarly sources, in addition to the text, from the Ashford University Library, one being an article by Dr. Kallman. Cite your sources in-text and on the reference page. For information regarding APA samples and tutorials, visit the Ashford Writing Center (Links to an external site.)
Explanation & Answer
Attached.
Running head: RISK MANAGEMENT
Identifying Risk Management Techniques
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RISK MANAGEMENT
Identifying Risk Management Technique
There are various techniques that experts in risk management have listed as the best ways
to manage risks in business. It is a fact that all business face some type of risk and for every risk
manager, the most important aspect of risk management is to ensure that the business avoids any
risk. Unfortunately, this is not the case and therefore the risk managers have to look for ways and
mean to ensure that one these risks occur, there are techniques set to ensure that the
repercussions are taken care of. The type of risk management technique highly depends on the
type of business is in question. Different types of businesses of organizations face different types
of risks. This, therefore, means that the choice of risk management technique depends on the
particular risk at hand. This is a paper on comparison of risk movement techniques mentioned by
two different risk management experts and there benefits as well as their down side.
According to Kallman (2008), most risk managers prefer not to take insurance against
their businesses so that in case of the risk occurring, the business will not have to suffer losses by
incurring costs related to the risks. In this technique, the business takes in the c...
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