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
21,949,017 questions answered
Popular Conversations
Match the parts of the following function with their correct ...
Weegy: I'm sorry. What is your question? User: Which of the following equations could be used to solve for the ...
8/30/2015 8:34:24 PM| 4 Answers
Why is Paine's use of aphorisms important in The Crisis No. ...
Weegy: C User: Read the quotation from The Crisis, No. 1, and then answer the question. “…the harder the conflict, ...
8/30/2015 4:35:59 PM| 2 Answers
Select the adverb clause from the sentence below. As population ...
Weegy: Yes, adverbs can be used to modify other adverbs. User: Select the adverb clause from the sentence below. ...
8/30/2015 6:51:38 PM| 2 Answers
Select the adverb clause from the sentence below. Unless there is ...
Weegy: Adverbs do not modify NOUN. User: Select the adverb clause from the sentence below. Wherever there have ...
8/30/2015 7:01:02 PM| 2 Answers
By creating international and national commissions to oversee atomic ...
Weegy: c. expand the development and research of atomic plants User: This was a U.S. policy proposed by George Kennan ...
8/30/2015 7:35:08 PM| 2 Answers
2. Given the formula K = LMN, what is the formula for M? A. ...
Weegy: A. M = K/LN User: 3. Solve this equation for A: A ÷ 2 = 4 A. 8 B. 4 C. 6 D. 2 Weegy: -6 + 3x = -9 ...
8/30/2015 8:24:13 PM| 2 Answers
Weegy Stuff
S
P
C
L
P
L
1
P
P
1
P
1
P
L
P
R
Points 1359 [Total 11712]| Ratings 7| Comments 1289| Invitations 0|Offline
S
1
L
L
Points 804 [Total 9272]| Ratings 3| Comments 764| Invitations 1|Offline
S
L
Points 798 [Total 1113]| Ratings 1| Comments 788| Invitations 0|Offline
S
L
L
P
1
Points 737 [Total 9310]| Ratings 2| Comments 717| Invitations 0|Offline
S
Points 543 [Total 769]| Ratings 1| Comments 533| Invitations 0|Offline
S
Points 258 [Total 266]| Ratings 0| Comments 258| Invitations 0|Offline
S
Points 224 [Total 224]| Ratings 3| Comments 194| Invitations 0|Offline
S
Points 214 [Total 533]| Ratings 1| Comments 204| Invitations 0|Offline
S
Points 212 [Total 289]| Ratings 0| Comments 212| Invitations 0|Offline
S
Points 157 [Total 188]| Ratings 0| Comments 157| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.