BUS7AO Evaluating Risk and Decisions
MBA –Evaluating Risk and Decisions–Assignment 1Utlisinga company of your own choice undertake independent research thatmay include relevant company reportsand information, business media, publications from statutory bodies and governments in order to draw on practitioner examples, together with supporting theoretical sourcestoundertake the following:
Critically evaluate the components which arewidelyrecognised as contributory factors to the concept and occurrence of risk within a business and societal setting and acknowledges economic and legal implications.
2. A knowledge transferof the classification of risk, as a foundation for the design and risk management plan whichidentifies the potential hazards, hazard sources and hazardous events prior to assessing the associated risks.Evaluatethecontrol measuresto be implemented for the identified risks. State how the control measures and effectiveness of the risk management planwill be monitoredfrom an operational perspective, including corrective actions, record keeping and review frequencies.In each sectiontheuseofsupporting recent and relevant academic theory is required to underpin your answer. Professional business presentation and structure withclear headings, sub-headings andthat includes a brief introduction and summarywill also be an aspect of the overall assignment mark
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