HRER 825 – Strategic Business Tools for HRER Professionals.
Masters in HRER 825 – Strategic Business Tools for HRER Professionals.
Textbook 1: Financial Intelligence for HR Professionals 2013; Author: Berman, Karen/Knight, Joe.
Publisher: Harvard Business School Press
Textbook 2: HBR’S 10 Must Reads on Strategy 2011; Author: Harvard Business Review
Publisher -Harvard Business School Press
Please Ensure All Essays:
1. Please start the essay with a brief introductory paragraph (2 or 3 sentences) to set the stage for discussion.
2. Next, a well-organized, insightful analysis/discussion of the subject.
3. Finally, a reasonably concise closing summary and/or conclusion, tying all the points together.
Essay Assignment – Lesson 09 Risk Management Essay Assignment – Risk Determination Scenario
Your organization’s best customer (23 per cent of sales) is approximately 500 miles from your manufacturing location. The product you sell must be received by the customer on a “just in time” schedule that, as of late, has only been met 73 per cent of the time. The customer is unhappy. The primary cause of the problem is that your existing fleet of trucks is on average seven years old, resulting in frequent breakdowns even though the company routinely engages in an aggressive preventative maintenance program.
You are part of a team that is developing a solution. The group narrowed the possible solutions to the following.
• Purchase a new fleet of trucks, or
• Subcontract the trucking function to an external company.
Based on all the readings and commentary in this lesson, what additional considerations might you raise to help determine which of the alternatives might best serve the company’s interests?
Write an essay of at least 2 pages in length, addressing the following issues:
• Identify one possible risk in adopting each of the potential alternatives.
• What is the probability that each risk will occur?
• What is the potential severity of each risk should it occur?
• How should the organization manage each risk?
• Identify one or more ways for each option that HR could assist in managing the risk.
Reference
E-Reserve Readings (See Attached herewith)
•Peter L. Bernstein (1998). The Winds of the Greek and Role of the Dice, in Against the Gods: The Remarkable Story of Risk. John Wiley & Sons, Inc., New York, pp. 11-22.
•Susan Hwang (2010). Identifying and Communicating Key Risk Indicators, in Enterprise Risk Management. John Wiley & Sons, Inc., Hoboken, NJ, pp. 125-140.
Harvard Business Review
Robert S. Kaplan and Anette Mikes (2012). Managing Risk: A New Framework, Harvard Business Review, June 2012, pp. 48-60.
Please use APA Style for references.
Please include page nos. from the text for all references.
Answer preview to HRER 825 – Strategic Business Tools for HRER Professionals.
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