¶ … Management of Risk
Actually, there are a number of different ways that one can answer the interrogative from the CEO about whether risk elimination is possible. Those different approaches involve everything from the philosophical to the pragmatic. However, since it is a CEO that will receive this answer, it is probably more advisable to issue an answer from the latter branch of thought, while merely alluding to some of the tenets of the former. Risk always exists because of the nature of the world, which in itself is unpredictable and offers no guarantees. To that end, the most vigilant organizations are able to mitigate risk and reduce the likelihood of any disadvantageous occurrences. It is virtually impossible to outright eradicate any possibility of risk, particularly when considering various information technology systems associated with data management and computer networking, for the simple fact that new threats and new possibilities of failure emerge every day. As such, organizations can assess and plan carefully for risk and detail a number of different methods...
Yet they cannot abrogate all possibilities for negative occurrences impacting their IT systems because nothing is ever guaranteed in life or in IT.
Additionally, there is an inherent human element to risk that helps to maintain its prevalence, despite the fact that organizations can substantially reduce it. Most IT systems still rely on people for certain applications and processes -- people are unpredictable by nature. The most secure organizations in the world can have one of its key employees decide to expose aspects of its IT systems (as the Edward Snowden example demonstrates) (Louis, 2014). People bring a degree of unpredictability to IT that helps to create a situation in which risk is almost always prevalent. Additionally, technology by nature is fallible, simply because it was engendered by man.
Incident handling largely revolves about risk management. It encompasses risk management and takes it a step or two further in which there is actually action implemented. The risk management process, in this respect, helps to set up and facilitate the means of incident handling. It is critical for the enterprise to have a means of handling incidents in such a way that actuates various elements of risk management. Therefore, it is critical to create a risk management process that is sustainable and able to be repeated, so that…
New York State firefighting history is a microcosm of early and modern disaster preparedness. Definition of disaster in the historic era and modern era. Early historical facts. The need for uninterrupted communication. Response to needs. Advent of the Internet. New needs, new responses. Worthiness of Disaster Recovery and Contingency Plans for keeping communications flowing smoothly. The overall importance of communication. The firefighting department of New York City, generally considered to be the first of organized efforts to combat community
This is often referred to as the "acid test." The standard range is 1.8:1 for a young company versus.9:1 for a more developed company. Using these benchmarks gives banks a frame of reference from which to measure. Other indicators to banks include comparing the % of the Cost of Goods Sold on the income statement to industry averages. This gives an indication of the firm's profit margin with regard to
There are minor differences in prices, quality, and features of these products. Therefore, consumers can choose those products that best match their current needs. In the new market, Technosoft will need to strive hard for building a strong customer base by producing and promoting innovative technology solutions. v. The Bargaining Power of Suppliers: The bargaining power of suppliers is strong against new and small scale software manufacturers while very low against
Marketing Metrics and Contingency Plan for the Coz-E Travel Electronic Blanket Evaluation and Controls Metrics and Methodology The marketing of the Coz-E Travel Electronic Blanket will be undertaken to focus on the differentiation characteristics and the feeling of coziness that the blanket will provide, targeting owners of older cars in colder regions. However, whatever the marketing plan and whatever the message communicated, it is essential that the marketing strategy itself is assessed
As part of the research triangle, Raleigh has a significant portion of its population that fits the target market. For the Farmery to succeed, it only needs to capture a small portion of the market share. This is especially true because the store has a small footprint, and has the flexibility to set up on vacant lots without the costs of either renting or developing fixed real estate. The
CSE is capable of fine-tuning, improving or repairing solar panel systems as need be. The company is also capable of providing consulting services. There are many customers who do not fully understand how solar energy systems function and can benefit from the consulting function. Consulting will also act as a marketing tool, driving customers to our sales and installation business. In the early stages, the business is expected to be