Risk categories
Paper instructions:
Discussion: Risk Categories
Consider some of the risks faced by people in different careers; a firefighter, for instance, faces a very different set of risks than someone who works in an office. What risks or uncertainties have you personally encountered in your career? How were these risks connected to the field or industry in which you worked? The nature of the product or service that an organization offers will also influence the categories of risk it may incur. What are some categories of risk that you think might affect many different types of organizations? What are some types of risk that are industry-specific? Your ability to categorize risk and to understand how particular organizations generate particular risks will be the basis of this week’s Discussion.
With these thoughts in mind: The assignment is below…..
a response that answers the prompts for this Discussion.
◦Consider various risk categories (financial, credit, industry-specific risks).
◦Consider an organization where you currently work or for which you have worked or volunteered in the past. What risk categories most affect the industry in which you have worked or volunteered (preferably an industry you have already discussed/analyzed in previous weeks) and what are the implications for the industry’s respective approaches to risk management?
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