The main threat to earn profits in the long run is the risk Essay

The main threat to earn profits in the long run is the risk - Essay Example The risk in this sense comprises of two major elements. The first one is the probability that the system or the entity will fail to achieve its objectives. And the second is the consequences and results of such failure. In any business organization, risk is inevitable. However, how better the organization cope with such risks depends upon the techniques used by the entity for such purpose. The practice and act of identifying, assessing, handling and controlling risk related situations and issues in an organization is known as enterprise risk management. The process of risk management includes identification and tracking of risk associated areas, development of plans for mitigating risk, performance of risk assessment procedures and handling and monitoring risks. Thus, it may be seen that risk management is a very broad term and includes a number of issues being addressed during the application of risk management techniques. Along with identification and assessment of risks, the prior itization of risks is also an important part of risk assessment procedure. Thus, the process of risk management mainly focus on the probability of occurrence of unforeseen events in future and the impact of these events on the capability of the organization to achieve its objectives. ... All these risks threaten the capability of an organization to achieve its objectives. Following are the risks that usually occur more frequently: 1. Systematic Risk: Systematic risk is a risk which cannot be predicted, mitigated or reduced in any way. This is due to the reason that this risk may occur at any time and is completely out of control. Changes in the government legislation or interest rates prevailing in the economy are examples of systematic risk. To mitigate the impact of such risks, it is advised that the organization should remain prepared for the occurrence of such risks at any time and should undertake proper plans to cope with such risk. 2. Non-systematic Risk: These are the risks which occur due to the features of assets. Changes occurring in the management decisions and employees’ strikes are the examples of this type of risk. These risks can be easily eliminated by using the diversification process. 3. Financial Risk: Financial risk rises when the organiza tions heavily rely on the debts and loans. This type of financing is called debt financing. This type of financing increases the liability of the organization as the organization is liable to pay such money back in future. Thus, it becomes necessary for the organization to keep enough reserves so that this money may be paid back in future. Thus, the degree of risk and uncertainty rises overall. 4. Operational Risk: Operational risk is the risk associated with the operational level of the organization. When this risk arises, organizations do not able to perform its operations properly. Thus, operational risk includes risks arising from business operations, information reporting and leadership and management style adopted by the

The Voice of Marvin Puryear Essay Example | Topics and Well Written Essays - 500 words

The Voice of Marvin Puryear - Essay Example Puryear draws on his direct experiences. He has a fascination with music and archery. His way of expressing those interests was not to try to sport, but to create the object of the sport itself. For example, he notes â€Å"If I became interested in archery, I made the bows and arrows; if I became interested in music, I made the guitar" (Benezra 140). Again, this statement by Puryear reinforces the premise that his sculptures are not the result of hard line education. If they were, then he would have mastered playing the instrument or the sport of archery rather than creating his own original vessel. The deception that can only be called Puryear is his ability to take the simple concept (Such as the Old Mole) and craft a vision without all of the trendy accoutrements that we see so often in modern art today. This too is the result of his emotional reaction to that which he experienced, rather than the formal education he received. Another example of what I view as a reactive piece is â€Å"Untitled†. The body of the object is open, free and seemingly transparent. However the face of the object appears to have the expression of recovering from a horrid event, yet knowing that there is still more. Simply stated, the face is heavy, as if carrying some sort of burden, while the body is completely unaffected. This too demonstrates pure emotion. As the saying goes â€Å"I can tell by your face something is wrong.† In conclusion, a review of Marvin Puryear’s pieces, demonstrate that interpretation can be found in emotion.