Capstone Week 7

Risk assessment

Marvin Ross

Excelsior

10/7/17

Just like in every organization, risk assessment is an important criterion that analyses any vulnerabilities or functionality outlook of the organization. An integrated risk assessment form helps in categorizing, prioritizing, and mitigating or avoiding any risks ahead of time in an organizational setting. In this case, Apple is one of the companies in the technology industry that has shown progressive improvements in both its internal and external approach hence making it be global company it is today. With the chain of events depicted in the organization, Apple has provided a platform that creates opportunities from the grass root level that helps in identification and integration of a relative approach to risk assessment.

The central approach that has been utilized by Apple is the criteria of recognizing any piffling information either beneficial or non-beneficial to the process. Within this aspect, a framework of determining the integrated process must to be defined, this creates room for different opportunities for reviewing information. Ultimately when integrating the process, some information might not link up to their processes causing discrepancies within the company, as stated by Kendrick, (2009). Apple has taken the initiative of giving every individual an equal opportunity to air out his or her views so that an informed decision can be obtained. Not everyone tends to agree with the process, but in this case consideration of every employee is given the go-ahead that will help the company determine its next course of action.

Apple is dedicated to its stipulated policies that have been amended so that coherent success can be obtained. This approach is defined by equality perception, which tends to eradicate any repercussions that are caused by manipulating policies or processes. The elements of strong executions are what define a company’s approach based on their risk assessment criteria, as a matter of fact, Apple has worked on the basis of improving information flows and clarifying decision rights. As a result, a clear approach is achieved since the organizational boundaries are not underestimated hence every party ends up coming with informed decisions that help in creation and implementation of profiler capabilities. Under any stipulated circumstances, Apple is defined by the enterprise of once a decision is made; decisions are rarely second-guessed (Dow, & Taylor, 2009).

It's a fundamental requirement that an organization offer synthetic guidelines for behaviour to every individual in their employment. Ultimately, what is most important here is ensure the information is coherent to every individual, these guidelines should be clear, concise and easy understand and comprehend. The mere existence of these guidelines greatly reduces Apple’s risk generally given the bulk of their employees have direct contact with their customers. With sensitive data, the company tends to be faced with the risk of information manipulation, which tends to enhance and facilitate incurring losses in one way or another. The perpetual lack of information is what contributes to this risk of losses, which could threaten Apple’s market hold.

The plan in place is to see to it that Apple continues to work towards setting better standards. In this case, obtaining overall success by offering a scope of efforts based on meaningful information that allows the plan to focus on the efforts of ensuring appropriate stakeholders are well informed. Such an approach will eradicate and minimise any discrepancies of information since every individual participates in stipulating information important to them. Again, keeping track of responses may help Apple detect where the problems may lie, this means every individual should have a record that identifies the status of actions to be taken so that any value can be recorded.

Risk, monitoring is one of the central approaches used by a company to eradicate any mitigating factors that tend to come up in any process. In any plan, risk control is based on the activities taken to manage the risk approach, validate risk mitigation strategies and alternatives. The plan can be evaluated based on taking corrective action when actual events occur; assess impact on the project and the actions taken based on cost, time, resources and more so, identify new risks resulting from the risk mitigation actions. This plan can be effective if measures such as, the use of a variety of software products to provide a means to monitor electronic communication channels for sensitive information are incorporated.

This strategy which can be implemented into the new process without a formal system will ensure that every individual at Apple is properly indoctrinated on all policies irrespective of topic. This means that training sessions should be offered by Apple on how to follow up on accomplishments and keep good records based on individual responsibilities. With such an approach, the organisation will tend to run smoothly without any risks as the individuals develop a trend of being self-driven; the new process will take some time integrate but should be fully integrated over a short span of time.

With the help of our proposed management theories Apple should be in a position to train every employee to rely on his or her capabilities but not the stipulated policies. More so, this will help them with adopting the new process since the chemistry of self-adaptability will be developed in a more concise manner. Educating and training everyone guarantees success by taking control of every risk and ensuring they are mitigated with causing further damage to the process.

References

Brown, S., Blackmon, K., Cousins, P., & Maylor, H. (2013). Operations management: policy practice and performance improvement. Routledge

Dow, W. & Taylor, B. (2009). Project Management Communications New York, NY: John Wiley & Sons.

Kendrick, T. (2009). Identifying and managing project risk: essential tools for failure-proofing your project. New York: AMACON.

Spitzer, D. (2007). Transforming performance measurement: rethinking the way we measure and drive organizational success. New York: American Management Association.