Question

How can Apple Inc. incorporate an enterprise risk management technique into their organizational culture?

How can Apple Inc. incorporate an enterprise risk management technique into their organizational culture?

Homework Answers

Answer #1

Apple can definitely ensure that a proper and robust risk management technique is prevalent in the organization so that potential risks can be forecasted and done away with in the long as well as short run and business loss can be avoided.

  • Apple can document a policy for risk management that would nothing but would be a framework using which the risks are managed and made sure that least amount of business is impacted in situations of risk.
  • That document would contain outputs for specific events i.e. clear definition of how any case would be resolved given a particular situation.
  • Subjectivity would be reduced and objectivity in decision making would be promoted.
  • Stringer infrastructure would be maintained under this policy framework and data to handle such situations would be there having a backup as well.
  • Every risk would be exactly measured, the impact would be accessed, and after the entire evaluation it would be communicated to the concerned stakeholders.
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