Leadership and Management Organizational Process

Question: Describe about the Leadership and Management for Organizational Process. Answer: Why would an organization wish to review organizational processes, procedure requirements for undertaking risk management? (3 marks) Risk management comprises of process of identifying with analyzing risk factors present with an organizational processes, procedure and requirements(Power, 2007). Thus, with proper evaluation of organizational processes it is possible to analyze risks. When applying a risk management process, list 3 examples of scope that the process may be limited to. (4 marks) While applying risk management process the scope of such needs to be defined in connection to organizational external and internal environment. Thus, scope of every risk management procedure is limited to; Organizational background Previous risk management processes Structure of risk management initiatives and control(Lam, 2014) In your own words summaries the Risk Management guidelines. Risk management guidelines include establishing context for risk management. Then communicating risk management aspects to organizational stakeholders, identifying potential risks, then analyzing and evaluating risks, treating risks within organization and then monitoring and reviewing risk management. How would you ensure that your risk management processes take into account the following legislation, codes of practices and national standards( 2marks each) Duty of care When applying risk management processes, it needs to evaluate procedure such that it adheres to minimum amounts of care while performing acts pertaining to risk management(Arena, 2010). Company law Risk management processes formation has to comply with codes of conduct with the company law as otherwise it will not be binding upon stakeholders of the company. Contract law Processes of risk management cannot override contract law, it can be evaluated by assessing each aspects of the risk management processes. Environmental law Each and every consequence of risks management on environment needs to be evaluated. Risk management in respect of environment needs to be assessed for complete adherence to environmental laws. Freedom of information Risk management needs to be thoroughly communicated to all internal stakeholders of the organization such that freedom of information is maintained. Industrial relation law Risk control and management procedures implication on workers and laborers needs to be assessed such that they comply with industrial relation law(Manuj, 2008). Privacy and confidentiality Matters relating to privacy and confidentiality needs to be kept away from disclosure to all stakeholders, to maintain compliance to such laws. Competition and Consumer Law Risk management processes in regards to competitors and consumer have to be adhering to norms of such laws. Hence departments forming processes for risk control needs to have proper knowledge of such laws to adhere to the same. Disability law Disability law needs to be diligently followed and any individual forming risk management has to be aware of individuals with disabilities. Why is it important to gain support for risk management activities? What methods can you use to get this support? In risk management process, organizational support helps in maintaining of organizational culture and policies for current laws of the state. Support helps in managing and reduction of risks by control methods and strategies. It also helps in proper decision making and identifying strengths as well as weaknesses(Braunscheidel, 2009). Effective communication can be used to gain organizational support. How would you communicate with relevant parties about the risk management process? Relevant parties may include staff, internal and external stakeholders, senior management, specific teams or technical experts. (3marks) Communication forms an important aspect of risk management processes, hence it is integral to inform all relevant stakeholders in the process(Power, 2007). Communication procedure will include billboards, meetings, advertisements, booklets, internet and web and other processes to increase awareness. How would you encourage such parties to assist in the identification of risks? Brainstorming, Mindmaping and other processes will be used for identifying risks by stakeholders. References Arena, M. A. (2010). The organizational dynamics of enterprise risk management. . Accounting, Organizations and Society, 359-675. Braunscheidel, M. J. (2009). The organizational antecedents of a firms supply chain agility for risk mitigation and response. . Journal of operations Management, 119-140. Lam, J. (2014). Enterprise risk management: from incentives to controls. John Wiley Sons. Manuj, I. . (2008). Global supply chain risk management strategies. . International Journal of Physical Distribution Logistics Management, 192-223. Power, M. (2007). Organized uncertainty: Designing a world of risk management. . Oxford University Press on Demand.