7 a) Risk Management requires a proactive approach to prevent things from going wrong across an organisation's operations. Providing examples to demonstrate understanding, explain the potential internal and external causes of failure that can occur. b) After assessing the potential causes and risks from failure, there are 3 further stages involved to ensure organisational resilience. Discuss the 3 stages and the activities involved in managing risk within operations.
7 a) Risk Management requires a proactive approach to prevent things from going wrong across an organisation's operations. Providing examples to demonstrate understanding, explain the potential internal and external causes of failure that can occur. b) After assessing the potential causes and risks from failure, there are 3 further stages involved to ensure organisational resilience. Discuss the 3 stages and the activities involved in managing risk within operations.
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Transcribed Image Text:7 a) Risk Management requires a proactive approach to prevent things from going wrong across an organisation's operations.
Providing examples to demonstrate understanding, explain the potential internal and external causes of failure that can occur.
b) After assessing the potential causes and risks from failure, there are 3 further stages involved to ensure organisational
resilience. Discuss the 3 stages and the activities involved in managing risk within operations.
c) Explain how the Failure Mode and Effects Analysis (FMEA) framework helps staff in their risk management efforts? Apply
examples to demonstrate your understanding.
d) Discuss the following risk management terms and when they would be appropriate to help organisations to manage risk.
Provide an example of each to demonstrate your understanding:
• Preventative maintenance
• Poka-Yoke
e) Explain what Total Productive Maintenance means and how this benefits the organisation?
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