Using Your College or University as a Reference,identify Five Risk Areas That Could Result

question 93

Essay

Using your college or university as a reference,identify five risk areas that could result in crisis if nothing is done now.Recommend a risk reduction plan or strategy that can help your school avert or deal with a crisis for one of these risk areas.

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Definitions:

Functional Areas

Distinct categories within an organization, each focused on a particular aspect of the business, such as marketing, finance, or human resources.

Specialization

A focus or concentration on a particular area of expertise, leading to increased efficiency and skill in that area.

Total Cost of Ownership

The comprehensive assessment of the direct and indirect costs associated with the purchase and operation of a product or system over its entire lifespan.

Centralization

A process where decision-making authority is concentrated at a single point in the organization, often at the top management level.