Should organizations need to experience a crisis

Assignment Help Management Theories

Reference no: EM133501515

Question: Organizations often give employees additional responsibilities that may be outside their normal activities. Fictitious company KomCat seeks to start an Enterprise Risk Management team, but is not sure hiring full time employees is feasible starting out. The company hired one risk manager and assigned three (3) current employees from different departments to be part of a task force. The employees were told they would be acting as part time risk associates, spending 5 to 10 hours per month on the project. What are the advantages and disadvantages of assigning full time employees additional responsibilities as part time risk associates within their organizations?

Paying attention to external stakeholders is important for organizations to remain competitive. Identify one organization (not listed in the textbook) whose strategy failed because management did not consider the actions of external stakeholders. Explain the failure and what the company could have done differently. Note: Do not use GM, Blockbuster, Toys R Us, Nokia or Kodak.

Should organizations need to experience a crisis to prepare adequately for risks? Provide examples not found in the textbook to support your answer

Reference no: EM133501515

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