Homework Assignment
Address the following questions:
1. Your medical group wants to expand by starting a new venture, owning and operating a pharmacy. In order to increase the chances for success, you have been asked to perform an enterprise risk assessment that includes reputational risk. Give three examples of how starting a new venture might have risk events that could lead to repercussions that would negatively impact the organization’s reputation and three examples where it might be enhanced, creating opportunity.
2. Explain how improvement is measured with KPIs and give one example related to Human Capital and how this KPI might help you improve your organization.
3. In the UC example, the ERM Program gives weight to both data-driven activities and culture-changing activities. Give two examples of each and then your own opinion regarding which activities you believe to be most effective in implementing an ERM program.
4. What do you think is the difference between traditional risk management and enterprise risk management?
5. From the UC example, identify what aspects of their program were “carrots” and which ones were “sticks.” From your own experience describe which one you think works best in creating lasting change.
Requirements:
The homework assignments are not opinion compositions, or a book, chapter, or article review. These assignments are positional arguments that are entirely supported by empirical evidence andwell-knownindustry facts.Youcan includeyourpersonal experiences and ideas if it directly relates to the topic, or reinforcesyourposition. However,you must supportall statements with evidence. All submissions must adhere to APA guidelines. APA writing is an academic standard; therefore,it is not optional; it is mandatory.
Be a scholarly submission
Include a title page
Times New Roman font, 1-inch margin, and double-spaced
Be at least two pages in length
Should not consist of any bullet-points
Have a reference page with at least four academic referencesBe written in a clear and concise manner
YouCANNOT useWikipedia,LinkedInarticles,blogs, paid vendors, certification websites, or similar sources in academic writing.YouCANusereputableindustry articles from publicationssimilartoComputerWeekly,PCMag, Wall Street Journal, New York Times, or similar sources. Academic journals andpopularindustry articles are accessible in the university’s library databases and Google Scholar. All references should not have a publication date older than 2005.
Points deducted if your submission:
Does not use the required textbook and at least four additional reference sources
YouCANNOT use Wikipedia,LinkedInarticles,blogs, paid vendors, certification websites, or similar sources in academic writing.YouCANusereputableindustry articles from publicationssimilartoComputerWeekly,PCMag, Wall Street Journal, New York Times, or similar sources. Academic journals andpopularindustry articles are accessible in the university’s library databases and Google Scholar. All references should not have a publication date older than 2005.
Does not answer the question(s) thoroughly meaning at least 2 pages paragraphs
Primarily consists of bullet points
Uses statements such as “based on my knowledge,” “according to me,” “as per my knowledge,” or similar
Contains contractual phrases, as an example “shouldn’t” “couldn’t”or “didn’t,” or similar
Uses vague words or phrases such as “proper,” “appropriate,” “adequate,” “it is obvious,” “it is clear,” “in fact,” or similar to describe a process, function, or procedure
As an example, “proper incident response plan,” “appropriate IT professional,” “adequate security,” or similar. These words are subjective because they have different meanings to different individuals.
