Order Instructions/Description


Value of assignment: 20% of your final mark
Assignment Deadline Date: 31st October 2015
The risk appetite of an organisation is the level of risk they are willing to accept to achieve their
objectives. Understanding the risk appetite therefore allows strategic and financial decisions to be
made on an informed basis. Risks affecting organizations can have consequences in terms of
economic performance and professional reputation, as well as environmental, safety and societal
outcomes. Therefore, managing risk effectively helps organizations to perform well in an
environment full of uncertainty.
Risk management is a central part of any organisation’s strategic management. It is the process
whereby organisations methodically address the risks linked to their objectives. The focus of good
risk management is the identification and treatment of these risks. It increases the probability of
success, and reduces both the probability of failure and the uncertainty of achieving the
organisation’s overall objectives. Corporate Risk Management includes areas such as Strategic Risk,
Operational Risk, Environmental Risk, Financial Risk and Reputational Risk.
You are required to write an essay on Strategic risk management and the importance of risk
management to the modern organisation. Using a sector/organisation you are familiar with outline
the key risks under the above five risk categories and discuss how these various risks can be