Explain how improvement is measured with KPIs and give one example related to Human Capital and how this KPI might help you improve your organization.
- Your medical group wants to expand by starting a new venture, owning and operating a pharmacy. In order to increase the chances for success, you have been asked to perform an enterprise risk assessment that includes reputational risk. Give three examples of how starting a new venture might have risk events that could lead to repercussions that would negatively impact the organization’s reputation and three examples where it might be enhanced, creating opportunity.
- Explain how improvement is measured with KPIs and give one example related to Human Capital and how this KPI might help you improve your organization.
- In the UC example, the ERM Program gives weight to both data-driven activities and culture-changing activities. Give two examples of each and then your own opinion regarding which activities you believe to be most effective in implementing an ERM program.
- What do you think is the difference between traditional risk management and enterprise risk management?
- From the UC example, identify what aspects of their program were “carrots” and which ones were “sticks.” From your own experience describe which one you think works best in creating lasting change.
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