Question.2605 - Topic 1 What is the difference between risk and uncertainty? Provide examples of what your organization has done, or not done, to deal with risk and uncertainty. How did those actions affect the firm once a contingency of risk or uncertainty materialized? Topic 2 How does the financial strength of an organization influence decision making and outcomes? Provide examples that support your rationale.
Answer Below:
Topic xxxx and xxxxxxxxxxx Risk xxx uncertainty xxx distinct xxx interconnected xxxxxxxx that xxxxxxxxxxxxx must xxxxxxxx to xxxxxxx successful xxxxxxxx Differentiating xxxxxxx the xxx is xxxxxxx Risk xxxx entails xxxxxxxxxx where xxx likelihood xxx potential xxxxxxxx of xx event xxx be xxxxxxxxx or xxxxxxxxxx based xx available xxxxxxxxxxx or xxxxxxxxxx data xxx example xx our xxxxxxxx development xxxxxxx we xxxxxxxxxx the xxxx of xxxxxxx delays xxx to xxxxxxxxx resource xxxxxxxxxxx To xxxxxxxx this xxxx we xxxxxxxxxxx project xxxxxxxxxx methodologies xxxxxxxxxxx clear xxxxxxxxx and xxxxxxx monitored xxxxxxxx allocation xxxxxxxxxxx Uncertainty xxxxxx to xxxxxxxxxx where xxxxxxxx are xxxxxxxxxxxxx and xxx probabilities xxxxxx be xxxxxxxxxx due xx a xxxx of xxxxxxxxxxx complexity xx unforeseen xxxxxxxxxxxxx In xxx software xxxxxxxxxxx company xx faced xxxxxxxxxxx regarding xxx market xxxxxx for x new xxxxxxx under xxxxxxxxxxx Rapidly xxxxxxxx technology xxx shifting xxxxxxxx preferences xxxxxxxxxxx to xxx uncertainty xx address xxxx we xxxxxxxxx extensive xxxxxx research xxxxxxx potential xxxxxxxxx for xxxxxxxx and xxxxxxx an xxxxx development xxxxxxxx By xxxxxxxxxxxxx iterative xxxxxxxxxxx based xx emerging xxxxxxxxxxx and xxxxxx trends xx were xxxx to xxxxxx the xxxxxxx successfully xxxx risk xxx uncertainty xxx not xxxxxxxxxxx managed xxxxxxxxxxxxx may xxxxxxxxx adverse xxxxxxxxxxxx i xxxx management xxxxxxx Inadequate xxxxxxxxxxxxxx and xxxxxxxxxx of xxxxx can xxxx to xxxxxxx delays xxxx overruns xxxxxxx issues xx other xxxxxxxx outcomes xxx instance xxx our xxxxxxxx development xxxxxxx neglected xx implement xxxx mitigation xxxxxxxxxx for xxxxxxxx constraints xxx departure xx a xxx developer xxxxx have xxxxxxxx in xxxxxxxxxxx project xxxxxx and xxxxxx dissatisfaction xx Uncertainty xxxxxxxxxxxxx Ignoring xxxxxxxxxxx can xxxxxx in xxxxxx opportunities xxx an xxxxxxxxx to xxxxx to xxxxxxxx market xxxxxxxxxx For xxxxxxxx if xx had xxxxxxxxxxx market xxxxxxxxxxx surrounding xxx new xxxxxxx and xxxxxxxxx it xxxxxxx customer xxxxxxxxxx or xxxxxxxx it xxxxx have xxxxxx to xxxxxxxx with xxx target xxxxxx leading xx poor xxxxx and xxxxxx resources xx excel xx risk xxx uncertainty xxxxxxxxxx organizations xxxxxx distinguish xxxxxxx the xxx devise xxxxxxxxxxx strategies xxx take xxxxxxxxx measures xxxxxxxxx risk xxxxxxxxxx minimizes xxxxxxxx impacts xxxxx adept xxxxxxxxxxx management xxxxxxx organizations xx capitalize xx emerging xxxxxxxxxxxxx and xxxxxxxx competitiveness xxxxx Financial xxxxxxxx of xx Organization xxx financial xxxxxxxx of xx organization xxxxx a xxxxxxxxxxx role xx decision-making xxx can xxxx a xxxxxxxx impact xx outcomes xxxx are xxxx ways xx which xxxxxxxxx strength xxxxxxxxxx decision-making xxxxx with xxxxxxxx i xxxxxxxxxx and xxxxxxxxx Financially xxxxxx organizations xxxx the xxxxxxxxx to xxxxxx in xxx ventures xxxxxx their xxxxxxxxxx and xxxxxx growth xxxxxxxxxxxxx For xxxxxxx a xxxxxxx with xxxxxx cash xxxxxxxx may xxxxxx to xxxxxxx a xxxxxxxxxx or xxxxx a xxx market xxxxxxx to xxxxxxxxx market xxxxx and xxxxxxxxx profitability xx Research xxx Development x amp x Financially xxxxxx organizations xxx allocate xxxxxxxxxxx funds xxxxxxx R xxx D xxxxxxxxxx They xxx invest xx innovative xxxxxxxxxxxx product xxxxxxxxxxx and xxxxxxx improvements xxxxxx them x competitive xxxx For xxxxxxxx a xxxxxxxxxx company xxxx a xxxxxx R xxx D xxxxxx can xxxxxxx cutting-edge xxxxxxxx that xxxxxxx more xxxxxxxxx and xxxxxxxx higher xxxxxxxx iii xxxx Management xxxxxxxxxxxxx with x solid xxxxxxxxx foundation xxx proficiently xxxxxxxx risks xxx navigate xxxxxxx unforeseen xxxxxx They xxx invest xx insurance xxxxxxxx contingency xxxxx and xxxxxxxx recovery xxxxxxxxxx to xxxxxxxx potential xxxxxx For xxxxxxx a xxxxxxxxxxx robust xxxxxxx can xxxxxxx more xxxxxxx from x natural xxxxxxxx or xxxxxxxx downturn xxx to xxx ability xx absorb xxx impact xxx implement xxxxxxxx measures xx Competitive xxxxxxxxx Financial xxxxxxxx can xxxxx as x competitive xxxxxxxxx enabling xxxxxxxxxxxxx to xxxxxxxxxx their xxxxxxxxxxx They xxx invest xx marketing xxxxxxxx and xxxxxxxx service xxxxxxxxxxx that xxxxxxx their xxxxxx position x financially xxxxxx hospitality xxxxx for xxxxxxx can xxxxxx in xxxxxx amenities xxx customer xxxxxxxxxxx attracting xxxx guests xxx achieving xxxxxx occupancy xxxxx compared xx its xxxxxxxxxxx Overall xxx financial xxxxxxxx of xx organization xxxxxxxx the xxxxxxxxx and xxxxxxxxxxx to xxxx informed xxxxxxxxx pursue xxxxxx opportunities xxxxxx risks xxxxxxx talent xxx gain x competitive xxxxxxxxx These xxxxxxx significantly xxxxxxxxx the xxxxxxxx and xxxxxxx of xxx organization xx achieving xxx goals xxxxxxxxx Few xxxxxx Understand xxx Difference xxxxxxx Risk xxx Genuine xxxxxxxxxxx n x Business xxxxxxx https xxx businessinsider xxx difference-between-risk-and-uncertainty- x Accessed xxx How xxxx Financial xxxxxxxxxx Help xxxxxxxxxxxxxxx April xxxxxxxxxxxx https xxx investopedia xxx ask xxxxxxx how-does-financial-accounting-help- xxxxxxxxxxxxxxx asp xxxxxxxx MayMore Articles From Economics
.ico)
.ico)
.ico)
