EDSP 622 Potential Risks and Risk Assessment
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
EDSP 622 Potential Risks and Risk Assessment
Assessment Evaluation Template
Collect information about each instrument separately. This form is used multiple times and is turned in with the assignment by inserting as a chart in the written report.
Running head: CASE STUDY 1 1
CASE STUDY 1 5
Case Study 1
Potential Risks and Risk Assessment
The world is presently vulnerable to multiple forms of risks or hazards that ultimately affect human activities, properties, or institutions. In essence, a risk is the possibility or probability of an uncertain event occurring, which on several occasions has an adverse hazardous influence on society, project, or organization (Elkins et al., 2009). In other words, a risk is a possibility or probability of an incident occurring, which ultimately bears adverse health or economic effects on people or property, hence, influencing the achievement of individual or organizational objectives. Consequently, it is necessary to conduct a prior risk assessment and institute prompt risk mitigation measures to prevent their occurrences and reduce their adverse effects significantly. Concisely, risks tend to threaten and destabilize the status quo of individuals and societies whenever they occur, thus worth assessing and preventing.
Many organizations are today susceptible to various types of risks, of which General Motors Corporation is inclusive. Indeed, the risk assessment conducted on this organization revealed various things that expose the multinational to risks or prove hazardous to its daily operational activities. They include exchange rate, inflation, labor, supply risks, markets, and much more that fundamentally threaten its overall operations, bearing in mind that it has a global presence (Baum et al., 2017). Usually, exchange rates keep fluctuating in the global market where GM Corporation operates in line with frequently changing taxation rates. This proves risky to the organization since it considerably affects the prices of imported raw materials and export prices of finished products, thus affecting revenues and profitability needed for sustainability, general growth, and development.
Apart from the exchange rate, inflation is a significant risk factor to GM Corporations sustainability, overall growth, and development. During inflationary periods, prices of goods and services rise abnormally. For instance, during the Great Recession period, prices of goods and services dramatically rose to unexpected levels, affecting previous financial plans of this organization. With perceived higher prices, clients reduce the quantities or units purchased because some customers reschedule their previous financial plans to withstand the inflationary period (Elkins et al., 2009). Eventually, this proves financially and economically risky.
Aside from inflation, labor is a considerable risk factor that sometimes affects GM Corporation’s activities and operations. Smooth or harmonious labor relation is essential for enhanced productivity, sales revenues, and profitability required for its improved growth and development. Unfortunately, for multiple reasons such as inadequate staff motivation, labor unrest sometimes creeps in, affecting its routine operations as witnessed in the US in 2019, thus, risky to its operations and objectives (Lim, 2019). Honestly, the labor unrest witnessed in 2019 proved risky and costly to the organization and its primary stakeholders.
In addition to labor, supply risks are significant hazards that usually affect GM Corporation’s operational activities. With the global sourcing practices in place in this organization because of its worldwide presence, supply chain risks sometimes jeopardize the organization’s operating activities, hence, risky (Baum et al., 2017). In other words, raw materials and finished products en route to customers are vulnerable to transportation or shipment risks or disruptions that fundamentally affect its financial and economic plans whenever such unfortunate incidences occur.
In summary, today’s globe is awash with all manner of business risks that usually affect operational activities, programs, and objectives necessitating the need for risk assessments. Consequently, a risk assessment exercise conducted on GM Corporation revealed many hazards threatening its general sustainability and survival. Honestly, an exchange rate, inflation, labor, supply risks, and many more risks affect its commercial activities, as elaborated above.
References
Baum, C. F., Caglayan, M., & Rashid, A. (2017). Capital structure adjustments: do macroeconomic and business risks matter? Empirical Economics, 53(4), 1463-1502.
Elkins, D., Handfield, R. B., Blackhurst, J., & Craighead, C. W. (2009). A to-do list to improve supply chain risk management capabilities. Supply Chain Risk Management-Minimizing Disruptions in Global Sourcing, New York/London. Lim, W. Y. (2019). Liquidity of General Motor Company due to their Internal and External factor.
Lim, W. Y. (2019). Liquidity of General Motor Company due to their Internal and External factor. Retrieved from https://ideas.repec.org/p/pra/mprapa/97257.html
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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