Let’s revisit the FIRM Risk Scorecard this week. Review the elements and examples of dependencies on table format
DMM333 Firm Risk Scorecard for Apple Inc Discussion Board Questions
Let’s revisit the FIRM Risk Scorecard this week. Review the elements and examples of dependencies on table format. These tables are used to calculate a Riskiness Index. Using the scoring grid briefly describe the type and purpose of an organization (you may select the one you are associated with or another you are familiar with – ex: ABC Dialysis Unit, 500 active patients, 1500 annual patient treatments, located in a lower socioeconomic area of an urban environment). Using the format on table 17.2 Pages 158, 159,160 assign a score to each of the components (Financial, Infrastructure, Repetitional, and Marketplace. Report your total “riskiness index” number for each component. Briefly discuss what you might need to do to mitigate the component with the highest score.
700 words APA style
Table 17.2 Riskiness index
Allocate a score of between 0 and 5 to each component of the generic example of the
FIRM risk scorecard to determine the level of risk within the organization, project,
operation or location being evaluated.
Financial component of the FIRM Risk Scorecard
Index Description Score
1.1 Lack of availability (or unacceptable cost) of adequate funds to fulfi l
the strategic plans
1.2 Insufficiently robust procedures for correct allocation of funds for
strategic investment
1.3 Inadequate internal fi nancial control environment to prevent fraud
and control credit risks
1.4 Inadequate funds to meet historical liabilities (including pensions)
and meet future anticipated liabilities
TOTAL for the fi nancial component
Infrastructure component of the FIRM Risk Scorecard
Index Description Score
2.1 Inadequate senior management structure to support organization
and embed ‘risk-aware culture’
2.2 Insufficient people resources, skills and availability, including
concerns about intellectual property
2.3 Inadequate physical assets to support the operational and strategic
aims of the organization
2.4 Information technology (IT) infrastructure has insuffi cient resilience
and/or data protection
2.5 Business continuity plans are not suffi ciently robust to ensure
continuation of organization after major loss
2.6 Product delivery, transport arrangements and/or communications
infrastructure unreliable
TOTAL for the infrastructure component
Reputational component of the FIRM Risk Scorecard
Index Description Score
3.1 Poor public perception of the industry sector and/or potential for
damage to the brands of the organization
3.2 Insufficient attention to ethics/corporate social responsibility/social
environmental and ethical standards
3.3 Poor governance standards and/or sector is highly regulated with
high compliance expectations
3.4 Concerns over quality of products or services and/or after sales
service standards
TOTAL for the reputational component
Marketplace component of the FIRM Risk Scorecard
Index Description Score
4.1 Insufficient revenue generation in the marketplace or inadequate
return on investment achieved
4.2 Highly competitive marketplace with aggressive competitors and
high customer expectations
4.3 Lack of economic stability, including exposure to interest rate
fl uctuations and foreign exchange rates
4.4 Marketplace requires constant innovation and/or product
technology is rapidly developing
4.5 Supply chain is complex and lacks competition and/or raw materials
costs are volatile
4.6 Organization is exposed to potential for international disruption
because of political risks, war, terrorism, crime or pandemic
TOTAL for the marketplace component
Score Description of the level of risk Score Description of the level of risk
0 No risk 3 Medium risk
1 Little risk 4 High risk
2 Some risk 5 Extreme risk
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
