Emerging Discourse of Risk and Opportunity †MyAssignmenthelp.com

Question: Discuss about the Emerging Discourse of Risk and Opportunity. Answer: Introduction The report will discuss in detail about the risk and its management in association with reward, opportunities and operations. The process of risk management is based on identifying, analysing and accepting or mitigating the uncertainty in various investment options (Philp, 2016). It is important to understand that risk management happen at any point of time where an investor can analyse and further attempt to properly quantify the overall potential of the losses in an investment and further take the right steps based on investment goals and tolerance in risk. The first example is of the CEO of the Treehouse namely Carson who has executed a plan of short workweek to gain more attention of the best employees to the company. He further also believed that this kind of truncated allotment of time will help the workforce to work in a more efficient way. The CEO has spent a lot of time on working for becoming the man to understand that as a manager or boss, one cannot be the dominating boss who is completely despised by the workforce (Dills, 2013). So, at the time of launching the Portland, which is Ore based coding school on online platform called as Treehouse in the year 2010, he took a cautious decision to try something unique and different. The plan was to have a four day or thirty-two hours of workweek. However, the approach adopted was quite unconventional and a risky process but it had immediate impact which created a lot of positivity in the recruitment process and people were inspired to work along with him. The plan further allowed the Treehouse to also finish for the talent which went completely against the organization with deep pockets and the business further has prospered as well. The practice adopted here was an unorthodox process and the only way to implement these decisions to have confidence to believe in the idea and try to make it happen or execute it perfectly. The first reaction of people was based on looking at it as a major risk which might not pay off. But the CEO only believed in implementing it perfectly and make it work. The process helped in getting the best kind of talent on-board and what is also amazing was the employee turnover completely reduced to nil (Miner, 2015). The process of dropping email for proprietary motives or system also called as Canopy where all the comments and data was posted or tagged for some importance and to gain some accessibility on much required basis and that has completely changed things for the company. It was also very efficient in usage and it also permit people to deal with the process of internal level communication on the set terms. At the same time, getting rid of the companys managerial level of layer further fostered the trust based loyalty with a lot of efficiency and challenging work. The workforce has the freedom to propose an idea and then later implement it. That allowed the company to be more pro-active and nimble by nature. People have the freedom to propose certain kind of concepts and ideas that seem them happen and there is no kind of micromanaging from manager side as well. It is important to understand that when employees are given more power, it is possible to increase more happiness and rise in positive outcome (Miner, 2015). Risk and opportunities Macro Hansell launched Speakr ideally called as twtMob in the year 2010 started the business with clear concept which is setup a venture that can coordinate an influencer based campaign on social network through Twitter for many Fortune 500 companies. He was clear about the programmers, designers, copywriters and developers that are required to implement it. There were money issues since the company didnt have money to pay these developers but Macro worked on finding the way to make it more beneficial without much cost. His plan was to sell it and make it a vision in which people and investors can believe in (Solomon et al, 2011). He contacted many people and can come down to six contractors who finally understood the vision. They all signed an agreement of a convertible note which says that the moment sales reached $250,000 or further attracted $1 million in the current venture capital, there is a possibility to gain control of full salary for the motive to work up to a level in equ ity share option or for cash. The company structured it in a way that the risk was there on both the side and investors were sure that the company is not using them for earning quick money and the sacrifice will be shared. As expected within one year of launch, the company could hit the target of $250,000 within eighteen months and further generated revenue close two million dollars in sales. The constraint and limitation in resources made the company highly grounded as well as resourceful and it was a smart move for them as well. The company believed in doing few things but at very high quality (Warkentin, 2011). The overall approach has finally paid off for everyone who were involved in the process. The company also run the second round of VC funding at the time when contractors went for the equity stake over cash. Operational risk management Chicago based company called as Eventup is an online market area that helps in matching the event planners with the venue. Jayne Cooke was brought in the company since the company was facing problem and she also understood the fact that the product has certain flaws. However, her immediate action was to first hire an efficient sales person to sell it before spending time on fixing it (Lam, 2013). Cooke has previously worked as a vice president in business development at a company called Groupon and she also could convince the right action here is to get the salesperson can get direct feedback from the customer which will help in fixing the operations of the company. For her, it was a matter of being more and more agile and figuring out on what is require doing without being very rigid and further get stuck with the old methods since rigidity in the organization is problematic (Ana-Cornelia, 2012). The feedback from hundreds of calls made by the sales team in time of few week, she could understand what is needed here to save the company to shut down. She further went ahead and made the fee structure simple and further streamlined the operation with the help of new customer association management tool for the places that could also track the leads. The company leaned what customer would want to pay for if it was offered to them. In the end, in the first budget year after she took in, the revenue increased to seven figures (O'Connor, 2012). Conclusion The process of managing in connection of many perspectives happens at all places in the world of finance. It also happens when any investor can buy minimal risk bonds of government over a riskier level of bond especially when a fund manager is able to hedge the currency exposure with many currency based derivatives and when a bank is able to performs a credit based check on personal level just before offering a personal line of credit to managers (Pleune, 2017). Reference Ana-Cornelia, O. (2012). Operational Risk Management.Universitatii Maritime Constanta. Analele,13(18), 335. Dills, T. (2013). Risk and reward.Commercial Carrier Journal,170(3). Lam, J. (2013). Operational Risk Management.Enterprise Risk Management: From Incentives to Controls, Second Edition, 237-270. Miner, J. (2015). Risk and Reward.Ancient Obscenities: Their Nature and Use in the Ancient Greek and Roman Worlds, 125. O'Connor, J. (2012). Operational Risk Management.Army Sustainment,44(3), 53. Philp, M. (2016). Risk and reward.Engineering Insight,17(5), 20. Pleune, T. (2017). Operational Risk Management. InCommercial Banking Risk Management(pp. 121-134). Palgrave Macmillan US. Solomon, J. F., Solomon, A., Norton, S. D., Joseph, N. L. (2011). Private climate change reporting: an emerging discourse of risk and opportunity?.Accounting, Auditing Accountability Journal,24(8), 1119-1148. Warkentin, K. M. (2011). Environmentally cued hatching across taxa: embryos respond to risk and opportunity.Integrative and Comparative Biology,51(1), 14-25.