Question and answer
Explain why it is important to take a balanced approach to risk management
Mention the word ?risk,? and most board and management types picture a media feeding frenzy, funding being pulled, and the collapse of civilization as we know it?at least as far as the organization?s future is concerned. [ [ Risk makes us feel unsafe because, by definition, it focuses on what can go wrong if we pursue a particular course of action. But just as things can go wrong, outcomes can
also be better than expected. Life is full of surprises, and some of those surprises are very good indeed. Risk management is not just about preventing the bad surprises, but also about maximizing the good surprises. It?s not just about putting out fires, but also about capitalizing on opportunities. Risk management strategies use your resources and activities to prevent or reduce losses and to make gains for your organization. We?re going to look at three basic elements that put you in control of what happens as much as possible in an uncertain world. First, take the emotion out of the discussion. Second, identify the key risks and benefits. And third, manage both the risks and the benefits. ] ]
Get an answer
Original conversation
User: Explain why it is important to take a balanced approach to risk management

Weegy: Mention the word ?risk,? and most board and management types picture a media feeding frenzy, funding being pulled, and the collapse of civilization as we know it?at least as far as the organization?s future is concerned. [ [ Risk makes us feel unsafe because, by definition, it focuses on what can go wrong if we pursue a particular course of action. But just as things can go wrong, outcomes can also be better than expected. Life is full of surprises, and some of those surprises are very good indeed. Risk management is not just about preventing the bad surprises, but also about maximizing the good surprises. It?s not just about putting out fires, but also about capitalizing on opportunities. Risk management strategies use your resources and activities to prevent or reduce losses and to make gains for your organization. We?re going to look at three basic elements that put you in control of what happens as much as possible in an uncertain world. First, take the emotion out of the discussion. Second, identify the key risks and benefits. And third, manage both the risks and the benefits. ] ]
Expert answered|ANGEEELICA|Points 3695|

User: 3.2 Explain the dilemma between the rights and choices of children and young people and health and safety requirements

Weegy: Depends on what age on kids. If are small than parents should decice what is healthy for them. If are teeneagers over 18 years old, than they should start on their own, and learn from their mistakes
Expert answered|ANGEEELICA|Points 3695|

User: policies and procedures #in response to accidents, incidents, emergencies and illness

Question|Rated good
Asked 5/30/2011 10:00:46 AM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
hello
Weegy: Hello, what is your question? User: im doing an nvq level 3 in childcare is there anyone available to help me? Weegy: Do you have a specific question? User: Explain why it is important to take a balanced approach to risk management (More)
Question
Expert Answered
Asked 5/30/2011 10:10:30 AM
0 Answers/Comments
i need help with nvq level 3 childcare
Weegy: can i get more information on what it is you are asking? User: im doing an nvq level 3 in chilcare and need assistance (More)
Question
Expert Answered
Asked 5/30/2011 10:44:56 AM
0 Answers/Comments
21,111,128 questions answered
Popular Conversations
Simplify 2(x - 4) + 7(x + 2). User: Simplify 2(x - 4) + 7(x + 2). ...
Weegy: 3(4x + 6) - 9x = 12x + 18 - 9x; = 3x + 18 User: Simplify 8 - (-5) - 4(-7). Weegy: 8 - (-5) - 4(-7) = 8 + 5 ...
5/27/2015 3:01:03 PM| 4 Answers
Simplify 11(2x + 3). 11x + 5 22x + 3 22x + 33
Weegy: 11(2x + 3) = 22x + 33 User: Simplify -3xy^3 + 7xy^3 + (-xy^3) + (-3xy^3). User: Simplify 2x + x. User: ...
5/27/2015 9:20:06 AM| 3 Answers
Simplify 8(3 - 2x). User: Simplify -2[9 - (x + 7)].
Weegy: -2[9 - (x + 7)] = -2(9 - x - 7) = -2(2 - x) = 2x - 4 User: Simplify -12x + 5x. -7 -7x -17x User: Simplify ...
5/27/2015 9:22:24 AM| 3 Answers
A line has a rise of 3 and a run of 12. What is the slope? User: A ...
Weegy: a.25 User: A line has a rise of 6 and a slope of 1/20. What is the run? 30 90 120 Weegy: A line has a rise ...
5/27/2015 12:32:19 PM| 3 Answers
Select all of the terms that are "like." xy2 2xy x2 -xy 2x2y User: ...
Weegy: 2xy, -xy, and xy are "like" terms. User: Simplify -4(N + 9). Weegy: -4(N + 9) = -4N - 36 User: Simplify ...
5/27/2015 9:17:54 AM| 2 Answers
Simplify (5b)(-3a). -35ab -15ab 2ab
Weegy: (5b)(-3a) = -15ab User: Simplify 9 - {x - (7 + x)}. User: What is the expression for "the difference ...
5/27/2015 9:27:00 AM| 2 Answers
Find the value of 21 - 18 ÷ 3 · 2. User: Simplify ...
Weegy: 6(-5)= -30 User: Simplify 6r · s · 4rt. 10rst 10r2st 24r2st Weegy: 6r · s · 4rt. = 24r2st. User: Evaluate ...
5/27/2015 9:35:13 AM| 2 Answers
Weegy Stuff
S
Points 759 [Total 767]| Ratings 1| Comments 749| Invitations 0|Offline
S
L
Points 706 [Total 1236]| Ratings 2| Comments 686| Invitations 0|Offline
S
1
Points 607 [Total 999]| Ratings 3| Comments 577| Invitations 0|Offline
S
L
P
Points 429 [Total 2906]| Ratings 1| Comments 419| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
Points 248 [Total 8994]| Ratings 0| Comments 248| Invitations 0|Offline
S
Points 161 [Total 181]| Ratings 0| Comments 161| Invitations 0|Offline
S
1
L
L
Points 84 [Total 8267]| Ratings 0| Comments 84| Invitations 0|Offline
S
L
1
R
Points 80 [Total 1367]| Ratings 0| Comments 80| Invitations 0|Offline
S
L
Points 56 [Total 3810]| Ratings 2| Comments 36| Invitations 0|Offline
S
Points 13 [Total 13]| Ratings 0| Comments 13| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.