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Risk Culture in Public and Private Organizations

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An effort to define the similarities and differences between public and private sector organizations is here met with a review of previous research, a list of hypotheses by the authors, the results from research conducted via surveys and conclusions according to the observation of the results and comparison to the initial hypotheses.

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  • uploaded  26-04-2022
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The Seven Habits of Highly Effective Risk Managers

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It is said that risk managers are the champions of “No”, but this is an erroneous perception that might be attributed to the negative connotations of the job title. This article attempts to overcome this negative perception following the structure established by Stephen Covey’s The Seven Habits of Highly Effective People.

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Universal Jurisdiction, Connecting Links, and Civil Liability

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Universal jurisdiction refers to the ability of national courts to try defendants for international crimes committed outside the state’s regular jurisdiction, to convict defendants who may have no connection with the prosecuting state prior to trial, and to bring accountability and justice to corners of the world where there are surely lacking. Although this seems like a legitimate idea to try to civilize the world and provide justice on international crime, universal jurisdiction is less pote...

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Changing the Culture in Medical Education to Teach Patient Safety

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In 1999, the Institute of Medicine reported that 44,000 to 98,000 patient deaths were the result of preventable medical errors. This makes people try to find who is at fault in order to correct the error, but the Institute of Medicine had a somewhat different approach, their proposed solution involved both system errors and individual error in order to take corrective action. They concluded that, in order to correct this issue, a change in culture was required.

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Human Safety and Risk Management

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Glendon and McKenna emphasize the importance of the integration, control and management of organizational health and safety within other organizational systems in their book Human Safety and Risk Management. They outline a method to improve Human Resource Management (HRM) organization with a focus on psychological and organizational issues relating to health and safety at work and the management of risk.

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Risk Culture in Public and Private Organizations

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An effort to define the similarities and differences between public and private sector organizations are here met with a review of previous research, a list of hypotheses by the authors, the results from research conducted via surveys and conclusions according to the observation of the results and comparison to the initial hypotheses.

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  • uploaded  26-04-2022
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Test 2 - Chapter 4 - Spontaneous Order and the Firm

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With the evolution of large firms came the need of owners to delegate ownership and control to managers. These managers are employed to maximize team performance. If the hired manager’s objectives are different than those of the owners, for example, if the manager’s goals are to have an easy job, to not bother to evaluate employees, to benefit other entities, including him or herself, with the firm’s funds, then that creates a principal-agent problem. This is also referred to as conflict o...

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  • uploaded  26-04-2022
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Test 4 - Chapter 12 - Demand and Revenue Management

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Tuition at a public university / tuition at a private university - Tuition at a private university will suffer from a greater price elasticity of demand because an increase on the price of tuition at a private university will make students find a public university where prices are lower, thus, an increase of price will yield a greater decrease of enrolled students as compared to a public university, where prices will not have such a decrease in enrolled students because of the type of competitio...

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