Most of these considerations involve the employees in some way. I would like you to find an example of a company that
failed to use risk management properly and explain how it could have helped them to avoid their problems. I would like
you to focus on the operational considerations that were mentioned in chapter 7? page155
? ?Considerations:
?-Maintain cash forecasts for various currencies and keep them current.
-Ensure employees have an opportunity for training and skills enhancement.
-Consider implementing job sharing or cross training to enhance team.
-Ensure adequate reporting to team, management, and board.
-Determine backups of both key data and employee roles.
-Maintain good relationships with financial institutions and other vendors.
-Ensure appropriate controls to guard against illegal activities, including money laundering.
The best way to begin this paper is to think of companies that you have heard of in the headlines in a negative way, or
companies that have gone out of business in the last several years. Once you decide on a company, you should be able
provide an explanation of the problem as well as your thoughts on how this could have been avoided using risk management.
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