Risk Management in Company Policy

Every program has risks associated with it. This week, I want you to review your idea and provide a risk analysis. What are the potential risks involved with this program, and what processes can be put in place to manage these risks? One specific risk that I want you to discuss is related to cultural differences. Please assume that your company is a multinational corporation…will this program work in all areas of the business? If not, how can it be adapted for the other country/countries involved?

This does not need to be written as a formal research paper, but all research provided does need to be cited in APA format. You may write in the first person because you are presenting your own ideas. You do not need to provide an abstract, but you do need an APA formatted title page and reference page. Your paper should be a minimum of 2 pages (approx. 700 words) not including the title and reference.

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Previous company policy papers will be attached in uploaded files. This paper should build off of the company policy already prepared in the two previous papers.

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As discussed in the previous task, ensuring employee autonomy can be a very effective way to motivate them and consequently improve their | PLACE YOUR ORDER NOW AT writtask.com | instances of micromanagement, allowing free will to make independent decisions, showing them they are worth in the organization, and many more. Just like in any kind of motivation initiative; however, there are many risks associated with | PLACE YOUR ORDER NOW AT writtask.com | more critical when the company in question is multinational and hence one has to deal with cross-cultural issues. In this task, therefore, I seek to provide a critical evaluation of some of the risks associated with observing autonomy for a multinational | PLACE YOUR ORDER NOW AT writtask.com | consider how such risks can be managed.

Risks Associated With Autonomy In A Multinational Company

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Multinational companies also face the challenge of the dynamic and complex | PLACE YOUR ORDER NOW AT writtask.com | conomic performance indicators can change from one country to another, which consequently affects the manner in which the company | PLACE YOUR ORDER NOW AT writtask.com | employee may fail to share accurate information that may reflect global economic | PLACE YOUR ORDER NOW AT writtask.com | to entirely trust employees from such settings as they may not be in a position to drive the agenda of the company to international standards.

Cross-cultural aspects also present the risk of failing to observe | PLACE YOUR ORDER NOW AT writtask.com | an international business depends on the understanding of local business customs. When one assumes the political, regulatory, and cultural aspects of the local market, the business can easily fail, and this is the risk that autonomy may face in such | PLACE YOUR ORDER NOW AT writtask.com | motivation gives local managers the leeway to set their own targets, recruit local staff and general business | PLACE YOUR ORDER NOW AT writtask.com | may abuse it and lead to potential business failure. Other than the risk associated with cross-culture, there are many other risks associated with the autonomy of a | PLACE YOUR ORDER NOW AT writtask.com | can slow the rate at which decisions are made. Even though empowering employees…

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