Scenario analysis

Third element is Risk Organization and Governance. This element covers how an organization structures its risk along with allocating final responsibility among certain positions in the organization in order to empower the employees with the proper understanding and significance to the risks certain departments in the organization are exposed to. Certain key employees with authority take these elements of risk management into account in order to retain, avoid or transfer possible risks. Having a whole organization follow a risk management mindset is crucial, both horizontally and vertically in an organization. The fourth element of risk is the Risk Culture in an organization. This encompasses the structure / framework an institution deploys to strengthen mindsets and behavior of employees, which in other words is employee empowerment. An example of this would be an institution that offers an open and respectful atmosphere that empowers its employees to speak up about observed risks, regardless of entitlement or social status among the organization. In essence, an organization that practices risk culture is an organization that’s effective with communication and promotes it through its ability to encourage all of its employees to speak out. The fifth and final element of risk is Risk Transparency and Insight. This element mainly contains traditional risks associated with an organization and its operations. However, with the ever growing continuum of information technology,…

CASE STUDY: PREDICTIVE ANALYSIS MOUNIKA ENUGALA NORTHEASTERN UNIVERSITY  INTRODUCTION Predictive analysis is the process in the advanced analytics field which predicts the unknown scenarios in future. It uses lot of techniques like machine learning, data mining, probability and statistics, IT, data management etc. It brings down the results of previous input data searches and manages to understand the connections between the data thus identifying all the opportunities and risks of future which…

Introduction In the field of behavior analysis we may encounter ethical situations that we would need to address. BCBA need to provide quality services in an ethical manner at all times (BACB, 2014). Continuing or education and knowledge of the ethical guidelines are an essential tool behavior analyst need to use often. Below are five scenarios that could happen while collaborating with other professionals in the school environments. These five scenarios were selected because ABA and the field…

government organizations, require planning, which is used to achieve goals (Tola, 2015). Organizational planning is thinking in advance what is to be completed, in what time frame, how it should be completed, and lastly by whom the task should be completed by. Organizational planning requires a strong and clear vision, mission, and objectives. When organizational planning is implemented it maximizes productivity and resources are used more wisely on projects or things needed for the…

department, which gave us a chance to post pictures and GIFs on social media more often. A threat we faced was the changes that were made in dates or timings after the posters and social media posts were made. This meant that we had to edit the dates on the posters and delete the countdowns posted and social media, following with reposting it with new dates. But because of our contingency plan, this was made easier because there was a backup template in case a situation like this occurred,…

executive who developed the scenario process. His success in scenario planning enabled the Royal Dutch/Shell oil giant to anticipate both of these oil catastrophes. Why scenarios Pierre Wack agreed that straightforward forecasts may be very accurate, however he believed that is why they are dangerous. As Peter Drucker said, “The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday’s logic.” (Harvard Business Review,…

Having the assistance of the external advisors to create a scenario will only make that scenario to be reliable to its users. These external advisors may include people like “the customers or clients, suppliers, experts of scenario planning, external scenario consultants and analysts. External advisors ensure that everyone involved with the organisation is accounted for in the scenario planning process. They also ensure that the goal of the scenario planning process is achieved, that is to…

Scenario planning is the process of evaluating possible future events through the consideration of alternative plausible, though not equally likely, states of the world (Mahmoud, 2009). The use of this approach considers different scenarios for the unprecedented future and explores alternatives for management. One of the major global assessments that address scenario planning due to the impact of human activity on the environment is the Millennium Ecosystem Assessment (“MEA”). This global…

Atwood conveys several unique ways of alternating the stories theme. For instance, in scenario A the couple John and Mary live a happy life with no conflict nor problems and dithery live and die happily. While in scenario B-F Atwood gives us scenarios of different conflicts and tragedies that's not surprisingly happen in peoples everyday life, but you still end up with the same outcome as scenario A. This short story gave me mixed emotions about, see what is the authors purpose of writing this…

Part 1: Sheffler comes to the conclusion that “the coming into existence of people we do not know and love matters more to us than our own survival”, because we face the deaths of ourselves and our loved ones without significance of valuing what we value, but when it comes to facing the death of humanity, much of what we value would cease to matter. Sheffler uses two scenarios, the doomsday scenario. The doomsday scenario states: that the earth and everything on it will be destroyed 30 days…