As a risk manager we are most concerned about disruption because:Group of answer choicesDisruption may mean we lose our jobDisruption may reduce our profit levelsDisruption may fundamentally change how our industry makes moneyDisruption may reduce our asset values
Question
As a risk manager we are most concerned about disruption because:Group of answer choicesDisruption may mean we lose our jobDisruption may reduce our profit levelsDisruption may fundamentally change how our industry makes moneyDisruption may reduce our asset values
Solution
As a risk manager, the main concern about disruption is that it may fundamentally change how our industry makes money. This is because disruption often involves changes in technology, market conditions, or business models that can render existing ways of doing business obsolete. If a company cannot adapt to these changes, it may lose its competitive edge and its ability to generate revenue. This could lead to reduced profits, lower asset values, and potentially job losses. However, the most significant concern is the potential for disruption to change the way money is made in the industry. This could require a complete overhaul of business strategies and models, which can be a complex and challenging process.
Similar Questions
Where risks cannot be eliminated, what will the organisation need to develop to make sure that duration of disruption is minimised? A. Risk toleration B. Remediation C. Risk avoidance D. Demand estimation
Risk Management
The lowest risk industry change trajectory is?Group of answer choicesProgressive changeRadical changeCreative changeIntermediating change
During a crisis, what is the primary focus of managerial decision-making? Long-term planning Risk avoidance Urgent and effective responses Cost-cutting measures
Moral Hazard only affects an organization when?Group of answer choicesIt doesn’t because everybody else does it too.Increased risky behavior is not taken into account by the risk manager.The risk manager has inadequate insurance.The board of directors or executives managers get caught.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.