reserach paper
APA style
sources are articles that will be posted
10 articles need to be used
the topic is masculinity in bodybuilding
-the paper must be: 1 page abstract and introduction,
4 pages with background with highlights theorists and key ideas,
4 pages analysis (support a point
READ DISCUSSION QUESTIONS AND RESPONSE ACCORDINGLY: NUMBER RESPONSES ACCORDINGLY.
DOMESTIC RISK MANAGEMENT TRENDS
F1a. If we consider other trends such as technology today and the demand for instantaneous results it makes it challenging to eliminate this risk. Consider if the legislators created a law banning debit cards as too risky for fraud or that banks increased the price significantly to cover losses for fraud. Can you imagine the outcry? Security is diametrically opposed to ease of use. Let’s look at ebanking and cell phones. With more and more ease of use being offered how what risk would you consider if it was your responsibility to rollout the cell phone ebanking business. Can anyone think of the challenges that would arise?
F1b. The company I worked for owns Kirchman (the big orange book) my division manages this group. They advise all of the time about FDIC insurance coverage on financial accounts. We have been communicating the effects of the changes in the regulation to the financial institutions (FI) a lot lately. Regulatory changes constitute significant risk to companies. We have been addressing the impact of all regulations to FIs. They are restructuring products and advertisement to mitigate regulatory or financial risk because of the changes to the regulations. Can anyone cite any additional risks companies will face because of regulatory trends?
F1c. The mortgage foreclosure trend is a great example of an issue that financial institutions have to deal with. The individuals that purchased and are walking away from mortgages and have the same financial means are doing so because of the lack of asset. They do not have equity or much equity in their largest debit therefore they do not risk much wealth by walking away. In fact they can walk away and improve their wealth by purchasing or renting at a much lower cost. The risk that the individual faces is less than riding out the uncertainty of maintaining what they have. Can anyone thing of other possible reasons why walking away may affect individuals decisions? What can lenders do to strength their position to avoid the ongoing trend?
GLOBAL RISK MANAGEMENT TRENDS
F2a. If we were to look at some international trends, one that stands out is environmental risk. Some companies are looking to lead in the role of reducing carbon emissions. Consider how this would affect us in the US. HSBC has taken steps to anticipate the US legislation, according to Delamaide (2008),
As
Congress gets closer to legislating a cap-and-trade program for the
U.S.-some Democratic leaders are predicting a new law as early as the
fall of 2009-the pressure will increase for companies in most sectors to
account for their emissions. For banks and other lenders, this means
that environmental risk managers, who now spend most of their time on
due diligence for new loans, will have more duties. (Para. 7)
What would you do as risk manager of a US company armed with this information? Anyone?
Delamaide, D. (2008, May/June). Environmental risk management: A growing trend in commercial lending. The Secured Lender, 64(3), 56.
F2b. International business presents many risks to the business. At one point call centers off-shore was the biggest trend. When the major share of the customer base is domestic but a significant amount of revenue comes from foreign customers it make is difficult if not risky, to the international revenue, if we cannot support them properly. Time zones are an old risk we just cannot get away from. Our company has regional call centers that provide 24/7 service and these call centers follow the sun. Some call centers are staffed 24/7 in a single location to provide the services. This changes when providing professional services. Each type of business has to have different strategies to reduce these risks. What other risks are there to business in an international environment?
F2c. A global risk management trend is the water crisis.Lack of water is a problem here in the United States as well as in most other countries. This crisis tends to evolving becoming bigger and bigger. The United States has water issues but in other countries globally the problem seems to be worse. In those countries people are dealing with not having running water in every home or even water just to drink or bathe in.This crisis has a major impact on risk management because managing this risk is really the only option. For countries that are lacking water all together risk management would include attempting to obtain financing to provide more ways to provide individuals with access to water. Domestically the government has taken steps to regulate this global risk. Things used as risk management include placing a ban on watering at certain times and providing literature and media on how to avoid water waste. The U.S. also helps other countries globally as well by providing drinking water to other countries to assist. Water is necessary for functioning in daily life and many things need it to function so an elimination of water would affect everyone globally.
Excellent example of a risk to international business and how customer satisfaction translates into dollars. Early adopters of this solution to call center costs may have considered using the Delphi method for risk analysis. By asking a group of experts about the possible outcomes of moving call center operations oversea may have alerted them to the potential risk based costs. It is possible they may have identified these risks so that their decisions could have mitigated some of that risk cost. What other methods could that have applied to identify these risks? What other international risk can anyone cite?
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, provides evidence) and
1 page conclusion
no outside sources, just use the articles posted
no plagerism
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