bus_401_week_4_assignment

Aug 25th, 2016
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bus_401_week_4_assignment

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Running head: RISK MANAGEMENT TECHNIQUESWeek four assignment: Risk management techniques compared and evaluatedNameBUS 401 Principles of FinanceInstructor NameDate1RETURN ON INVESTMENTRisk Management TechniquesAccording to Walter (2012), the risk management entails a process of evaluating overallgoals of an organizations against risks attached to planned activities. To achieve thiscomponent in running of a business, measures have been devised to identify and analyzed theuncertainties associated. This paper discusses the techniques devised by Dr. James Kallman, incomparison to those of other risk management experts.Kallman observes that risk management is decision making process that combines anumber of processes in the business operations (Kallman, 2005). Risk management involves;organizing, planning, controlling, leading and allocating resources. The technique by Kallman isseen as one that leverages the risk manager to have the foresight on to the target path inoperations. It offers a guide to the organization in achieving its goals by minimizing derailingobstacles to an organizations success path.Risk managers are expected to make decision relevant to an organizations success pathrelating to the available resources. The decision making process is arrived at through successiveanalysis and evaluation of the organizations resources, internal and external environment, thegoal and likely and unlikely risks involved. This level of analysis a

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