Managing Crisis and Risk Coursework Example | Topics and Well Written Essays - 2500 words

Managing Crisis and Risk - Coursework Example It is also for the effective and appropriate purchases and sales of the required financial assets. There are quite a number of techniques that are put into place for the modeling. Some of the measurers are the marketing risk, the historical simulation, the value at risk as well as extreme value theory. It is also important to highlight that a business should be guided appropriately with certain principles as well as theories for the successful operation of the business (Jacques, 2007). Just as the saying goes, for one to be successful; and rich, one must be ready to venture into a risky business. It is therefore of the fact that one bears all these risks in the action. It is important to highlight that risks are in segmented into different categories. These are credit risk, liquidity risks, Market risk as well as the operational risks (Jacques, 2011). These are risks that are anticipated in a financial institution or any business entity based on the credit transactions that occur or might have occurred during the moment of truth. It is important to highlight that for a credit transaction, it is important to consider the credit worthiness of the buyer, the financial status or position of the buyer, the frequency of the buyer purchasing firm the business entity, the credit worthiness of the buyer as well as the amount of stock that is available in the business entity. This helps the business people in evading certain risks after they become well equipped with the consumer knowledge. Under this category of risk, the following are the risks that form up this group: These are risks that are associated with the consumer either making a purchase or consuming the product or service or the consumer accessing some form of financial assistance. These in many cases are experienced in cases that the consumer thereby defaults in making payments. This thereby results into bad debts that would therefore force the financial managers or

A Key Concept in Information Systems Term Paper

A Key Concept in Information Systems - Term Paper Example Information technology is also a fundamental component of information systems. Technologies such as the internet, artificial intelligence among others are critical in helping humans to perform activities and tasks that are difficult and tiring for humans such as handling huge volumes of data and information, accurately controlling simultaneous processes and performing complex calculations (Stair & Reynolds, 2011). Over the past decade, information systems have become an integral part of any organization or business. It plays a fundamental role in determining the daily operations and sustainability of the business or organization in the future. Consequently, it has become a critical aspect of information systems management to identify critical issues that affect the operation and use of information systems (Peltier, 2013). The several concerns include personal, legal, ethical and organizational issues that result from the use of information systems. The development of this concept was mainly occasioned by the increased compromise of confidentiality, integrity, completeness and accuracy of data and information that is stored in the information systems. Activities such as e-mails, malware, freeware and shareware, phishing, piracy, hacking among other threats are some of the common issues affecting the information systems all over the world. Consequently, a key concept in information systems is e nsuring privacy, confidentiality, accuracy and completeness through information system security (Peltier, 2013). Information systems are used in major government agencies, public institutions such as health facilities and also in the private sector for different purposes. With the increasing threats to information systems from external and internal sources, these organizations must ensure availability or reliable information security plans that address personal users of the systems, the