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Has at minim omittam conclusionemque, nam ad mutat saperet electram. Ne vim modus delenit. In qui illum noster, scripserit conclusionemque ei duo. Ut quem vivendo eos, duo ei atomorum definiebas, duis graeci similique at eam. Duo nisl suscipit fabellas no, populo admodum adversarium no cum. Qui et phaedrum assentior complectitur, mel no civibus scribentur suscipiantur. Title:
Risk Management Processes and Mitigation Strategies for a Chosen Company

Introduction
Risk management is a critical aspect of every organization’s operations, and it plays a significant role in achieving business objectives and goals. Effective risk management involves identifying, assessing, and managing potential risks that may impact an organization’s financial and operational performance. The purpose of this paper is to explore and investigate the risk management processes currently undertaken by a chosen company, identify and evaluate the impact of one internal and one external risk that significantly affects the company, and propose appropriate risk-mitigating strategies for implementation to reduce the identified risks.

The chosen company for this paper is a large multinational corporation operating in the technology sector. The company’s operations span across different countries and regions, and it is known for its innovative products and services.

The first section of this paper will explore and investigate the risk management processes currently undertaken by the chosen company, utilizing their annual reports and company accounts in the evaluation. The evaluation will involve an analysis of the company’s risk management policies, procedures, and protocols, including the identification, assessment, and management of risks. The analysis will also include an assessment of the company’s risk culture, risk appetite, and risk communication strategies.

The second section of this paper will identify and critically evaluate the impact of one internal and one external risk that significantly affects the chosen company. The risks will be categorized and analyzed using academic theories and risk models, such as the Causation chain and the Risk mapping Grid. The internal and external risks will be identified through an analysis of the company’s internal and external environment, including its financial and operational performance, competitive position, and regulatory environment.

The third section of this paper will propose and evaluate appropriate risk-mitigating strategies for implementation to reduce the two risks identified in the second section. The risk-mitigating strategies will be based on the Shell model, which involves four steps: identify risks, assess risks, design and implement mitigation measures, and monitor and review the effectiveness of mitigation measures. The proposed risk-mitigating strategies will be evaluated based on their feasibility, effectiveness, and impact on the company’s financial and operational performance.

In conclusion, this paper will provide valuable insights into the risk management processes currently undertaken by a chosen company, the impact of internal and external risks on the company’s financial and operational performance, and appropriate risk-mitigating strategies for implementation to reduce the identified risks. The findings of this paper can provide useful insights for other organizations operating in the technology sector and help them develop effective risk management strategies to mitigate and manage potential risks effectively.

Section 1: Risk Management Processes
This section will explore and investigate the risk management processes currently undertaken by the chosen company, utilizing their annual reports and company accounts in the evaluation. The evaluation will involve an analysis of the company’s risk management policies, procedures, and protocols, including the identification, assessment, and management of risks. The analysis will also include an assessment of the company’s risk culture, risk appetite, and risk communication strategies.

Section 2: Identification and Evaluation of Internal and External Risks
This section will identify and critically evaluate the impact of one internal and one external risk that significantly affects the chosen company. The risks will be categorized and analyzed using academic theories and risk models, such as the Causation chain and the Risk mapping Grid. The internal and external risks will be identified through an analysis of the company’s internal and external environment, including its financial and operational performance, competitive position, and regulatory environment.

Section 3: Proposed Risk-Mitigating Strategies
This section will propose and evaluate appropriate risk-mitigating strategies for implementation to reduce the two risks identified in Section 2. The risk-mitigating strategies will be based on the Shell model, which involves four steps: identify risks, assess risks, design and implement mitigation measures, and monitor and review the effectiveness of mitigation measures. The proposed risk-mitigating strategies will be evaluated based on their feasibility, effectiveness, and impact on the company’s financial and operational performance.

Conclusion
In conclusion, effective risk management is a critical aspect of any organization’s operations, and it is essential for companies to develop robust risk management processes to mitigate and manage potential risks effectively. The purpose of this paper was to explore and investigate the risk management processes currently undertaken by a chosen company, identify and evaluate the impact of one internal and one external risk that significantly affects the company, and propose appropriate risk-mitigating strategies for implementation to reduce the identified risks.

The analysis of the chosen company’s risk management processes revealed that it had a well-established framework for identifying, assessing, and managing risks. However, there were several areas where the company could improve its risk management processes, such as enhancing its risk communication strategies and developing a more proactive approach to risk management.

The identification and evaluation of one internal and one external risk revealed that the chosen company faced several significant risks that could significantly impact its financial and operational performance. The internal risk identified was related to the company’s human resources, while the external risk was associated with the regulatory environment in which the company operates.

The proposed risk-mitigating strategies were developed based on the Shell model and aimed to reduce the identified risks’ impact. The proposed strategies included developing a comprehensive human resources strategy that focuses on employee retention, training, and development. The company could also adopt a proactive approach to managing regulatory risks by engaging with regulatory bodies and keeping up to date with changes in regulatory requirements.

The proposed risk-mitigating strategies are feasible and practical and can be easily implemented by the chosen company. The strategies’ effectiveness will be dependent on the company’s ability to implement them effectively and monitor their impact regularly.

It is essential to note that the proposed risk-mitigating strategies are not exhaustive and do not guarantee the complete elimination of the identified risks. The implementation of the proposed strategies should be viewed as a continuous process that requires regular monitoring and adjustment to ensure their effectiveness.

In conclusion, this paper has highlighted the importance of effective risk management in organizations and the need to develop robust risk management processes to mitigate and manage potential risks effectively. The analysis of the chosen company’s risk management processes, the identification and evaluation of internal and external risks, and the proposed risk-mitigating strategies demonstrate the importance of a proactive and comprehensive approach to risk management.

Finally, the proposed risk-mitigating strategies can provide valuable insights for other organizations facing similar risks and can help them develop effective risk management strategies to mitigate and manage potential risks effectively.