TLEE(295) Read the material at the following websites: Continuous Process Improvement http://nwlink.com/~donclark/perform/process.html Coaching Topics http://nwlink.com/~donclark/coaching/coaching.html Excellence http://www.nwlink.com/~donclark/perform/perform.html Organization Development http://alumnus.caltech.edu/~rouda/T3_OD.html Managing Change http://alumnus.caltech.edu/~rouda/T5_LSRTOD.html Identify Solution(s) Now that you have identified a client and the management problem you are investigating and have conducted a needs assessment, you will identify one or more solutions to the problem. Read the material at the following websites: Can Emotional Intelligence Help Your Company with Risk Management? http://www.managerwise.com/article.phtml?id=405 Entrepreneurs Work Hard to Avoid Risk http://www.managerwise.com/article.phtml?id=136 Risk Terms Explained http://www.maxwideman.com/pmglossary/PMG_R05.htm#Risk and Contingency Management Risk Assessment Risk assessment is an important component of any management decision. When considering risk, managers rarely have perfect and complete information. There is an entire science of Risk Assessment, but for our purposes in this class, we will not be exploring this subject at that level. Risk is measured by considering the potential amount of loss and the probability of the loss occurring. A manager will identify and analyze all the risks associated with a given option being considered. The next step is to use information available to assess the potential amount of loss if the decision does not result in the desired outcome. This is done for each risk associated for each option (Using a chart is a good way to quantify these options and risks). With this information, the manager will make a final decision on the best path to follow based upon the probability of the loss occurring weighed against the potential gain. Naturally, options that have a high potential loss and a high probability of failure are not the optimal decision unless the payoff is great and the loss can be absorbed if the action fails. NOTE: Research is required for this and all of the papers in this class. You must have a minimum of two sources from the APUS Library, neither of which can be Wikepedia. Turn in: Two to five page paper in a word document, uploaded to your folder in the classroom. Style Guidelines for the paper: Use a header on every page, including the title page. A title page with the title, author, class, class section, professor, and date should be on the title page, centered on the page. This title page does NOT count toward your 2-4 page requirement. Margins are 1 inch on all sides. All content is double-spaced and left-justified. Indent the first line of every paragraph five spaces or use the TAB key. Do not leave extra space between paragraphs. Use Times New Roman 12-point font. An abstract it not required; abstracts are NOT used in business reports or proposals. References should be on a separate page at the end of the paper

TLEE(295)

Read the material at the following websites:

Continuous Process Improvement http://nwlink.com/~donclark/perform/process.html

Coaching Topics
http://nwlink.com/~donclark/coaching/coaching.html

Excellence http://www.nwlink.com/~donclark/perform/perform.html

Organization Development http://alumnus.caltech.edu/~rouda/T3_OD.html

Managing Change http://alumnus.caltech.edu/~rouda/T5_LSRTOD.html


Identify Solution(s)

Now that you have identified a client and the management problem you are investigating and have conducted a needs assessment, you will identify one or more solutions to the problem.



Read the material at the following websites:


Can Emotional Intelligence Help Your Company with Risk Management? http://www.managerwise.com/article.phtml?id=405

Entrepreneurs Work Hard to Avoid Risk http://www.managerwise.com/article.phtml?id=136

Risk Terms Explained
http://www.maxwideman.com/pmglossary/PMG_R05.htm#Risk and Contingency Management

Risk Assessment

Risk assessment is an important component of any management decision. When considering risk, managers rarely have perfect and complete information. There is an entire science of Risk Assessment, but for our purposes in this class, we will not be exploring this subject at that level.

Risk is measured by considering the potential amount of loss and the probability of the loss occurring. A manager will identify and analyze all the risks associated with a given option being considered. The next step is to use information available to assess the potential amount of loss if the decision does not result in the desired outcome. This is done for each risk associated for each option (Using a chart is a good way to quantify these options and risks). With this information, the manager will make a final decision on the best path to follow based upon the probability of the loss occurring weighed against the potential gain. Naturally, options that have a high potential loss and a high probability of failure are not the optimal decision unless the payoff is great and the loss can be absorbed if the action fails.

NOTE: Research is required for this and all of the papers in this class. You must have a minimum of two sources from the APUS Library, neither of which can be Wikepedia.

Turn in: Two to five page paper in a word document, uploaded to your folder in the classroom.


Style Guidelines for the paper:

Use a header on every page, including the title page.
A title page with the title, author, class, class section, professor, and date should be on the title page, centered on the page. This title page does NOT count toward your 2-4 page requirement.
Margins are 1 inch on all sides.
All content is double-spaced and left-justified.
Indent the first line of every paragraph five spaces or use the TAB key. Do not leave extra space between paragraphs.
Use Times New Roman 12-point font.
An abstract it not required; abstracts are NOT used in business reports or proposals.
References should be on a separate page at the end of the paper