BUS 401: Identifying and Managing Risk

BUS 401: Identifying and Managing Risk

In this assignment, you will compare and evaluate risk management techniques from experts in the field. Find one article by Dr. James Kallman. Dr. Kallman, an expert in the field of risk management, has written many articles on managing financial risk. Find a second article from another credible author of your choice who also provides recommendations for risk management.

Develop a three- to four-page analysis (excluding the title and reference pages), of the techniques Dr. Kallman has identified for managing risks. In this analysis, compare Dr.Kallman’s techniques to the techniques recommended in the second article you researched. Explain why you agree or disagree with each authors’ recommendations. Describe other factors you believe should be considered in risk management. The assignment should be comprehensive and include specific examples. The paper should be formatted according to APA.

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Introduction

            Risk management in business refers to the identification of the possible financial risks that the business might face and put up measures or solutions to deal with these risks. A financial management plan ensures that the business or company is always protected and thus, protects it from being insolvent or from running broke. It is crucial that every business which intends to stay in business to develop different risk management strategies. This will ensure the safety of the business. It involves identification of the threat, avoiding the threat, reducing the effects of the threat or transfer of the threat (Crouhy, Galai, and Mark, 2000).

Risk management strategies, Dr. Kallman

            Kallman argues that an efficient risk management plan is made up of numerous processes. These processes….

APA

978 words