Week 10 ERM and Week 2 Global Economy – Read the questions below

  

Week 10 Enterprise Risk Management

Read the chapter and pay careful attention to Appendix A: JAA Inc. Financial Statements and Appendix B: Risk Management Policy. Use this information to help you answer the following questions:

1. As you are aware, effective implementation of ISO 31000 involves effective design and implementation of a risk management framework and effective implementation of the risk management processes. This will be verified by incorporation of 11 key principles. Find an example in the case for each of the 11 principles in action.

2. What characteristics do you see in the board of directors that lend themselves to a strong tone at the top and a culture that fully embraces risk management?

3. What is the linkage at JAA between the strategic objectives, context, stakeholders, and risk criteria? Support your comments with specific examples of the link in these four areas.

4. In many companies, it is typical for internal audit to itself perform a risk assessment which it will use for audit planning and execution purposes. Do you have any thoughts on what you see as the pitfalls in this? What is the ideal situation in a company?

5. How would the board of directors measure the success of their risk management? 

Justify your answers and include examples as requested. Using outside sources is not required, but if you do use outside sources, follow APA formatting.

MUST BE APA WITH SEPARATE REFERENCES!!!
MUST BE APA WITH SEPARATE REFERENCES!!!

Week 2 Global Economy

When looking at complexity in policy-making, chapter 4 has provided an illustration to offer insights to future business leaders to understand that, despite the inherent unpredictability of environments, organisms survive and develop intricate webs of interdependence in terms of their ecologies due to the adaptive capacities of organisms that allow them to self-organize. 

Chapter 4: Q1: According to the author’s assessment, what’s the importance of this scenario to the policy-making process?  Briefly explain.

Identify the importance of that scenario
provide a short and clear narrative to support your response above,
provide substantive input to three other colleague’s response to the DF questions,
DON’T COPY and PASTE responses into the DF from textbooks and any other digital Internet sources,

MUST BE APA WITH SEPARATE REFERENCES!!!
MUST BE APA WITH SEPARATE REFERENCES!!!

Chapter 5, Figure 5.1 is an illustration of the future state of practice of systems modeling and simulation.  With this mind, the adoption of recent, current and expected innovations could result in the future of the art of systems modeling.  From this illustration, we have learned that it would be possible to simultaneously use multiple hypotheses to achieve different goals that could include the search for deeper understanding and policy insights, experimentations in virtual laboratories, future oriented-explorations, robust policy design, and robustness testing under deep uncertainty.  

Q1: From the assessment by the authors, what are the main advantages of using multiple models? Briefly explain.

Identify and name the advantages of using multiple models
provide a short and clear narrative to support your responses,
provide substantive input to three other colleague’s response to the DF questions,
DON’T COPY and PASTE responses into the DF from textbooks and any other digital Internet sources,

MUST BE APA WITH SEPARATE REFERENCES!!!
MUST BE APA WITH SEPARATE REFERENCES!!!