Turning Crisis into Opportunity

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Chapter 34: Turning Crisis into Opportunity

Answer all of the following questions.

  • Some companies take full time employees and give them some additional responsibilities to perform on a part time basis. What are the advantages and disadvantages of assigning full time employees additional responsibilities as part time risk officers within different functions and business units?
  • Companies must consider their external stakeholders to remain competitive. Discuss one company whose strategy failed because management did not consider the actions of external players. Explain the failure and what the company could have done differently. Note: Do not use Blockbuster or Nokia.
  • Should businesses and other organizations need to experience a crisis to take prepare for risks and take risk seriously? Provide examples to support your answer.

Required:

  1. Provide an initial posting of 400 to 600 words by Thursday. Then provide two responses of at least 100 words each that extend or provide alternate views for the initial posts of at least two students by Sunday.
  2. Do not access the threads until you are ready to post your entire answer. If you make a mistake, do not edit the response; reply to your own answer with the revision.
  1. Use formal writing. Errors will reduce your grade.
  2. Respond by extending the discussion by adding new insights, different examples from your experience, or from other sources.
  3. Apply critical thinking. Probing questions or challenging assumptions are strongly encouraged for maximum points. Agreement, quoting other learners, or repeating the case content will count as zero words and zero points. It’s great to ask questions in your responses to classmates, but also provide substance and do not ask questions after 8pm on Sunday, as you cannot expect responses to them that late on the last day of class for the week.
  4. The textbook is not considered common knowledge. If you use information from the book in your answer, citation to the book is required.
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