HR Management Assignment Paper on Risk Management

Risk Management

Risk management is structured to enhance responsibility, effectiveness, and protection of organizations and individuals against undue problems and threats. However, this statement is inconsiderate since it targets only one particular group while completely ignoring the other. This is because in all situations, there are always two parties involved that may have similar or divergent views depending on their specific needs (Khatta, 2008). Therefore, once the needs are divergent, one side may manage to achieve their goals based on the risk management platform, while the other may feel short-changed or may not get the full benefits of the deal in a bid to protect the interests of the other party (Khatta, 2008).

For instance, the world trade center 9/11 bombing occurred while I was working at a military base. During the ensuing chaos and security aloofness, tighter measures and policies were enacted and implemented to enhance the safety of all military bases and government installations. The stringent security checks resulted in the workers enduring harsh checks that made them feel inferior and as if they were being considered as potential terrorists. Additionally, the security were lengthy, tiresome, and time consuming, resulting in workers wasting time queuing to be checked for long hours. Therefore, from this example, it is clear that the government was the risk manager and was protecting itself against terrorist threats, while the workers and citizens were the victims that had to endure the harsh security checks. The latter was affected by these checks physically, psychologically, and emotionally and can be considered as the aggrieved party, while the government aimed at enhancing safety. Therefore, from this analogy, it is clear that risk management has both positive and negative effects that influence both parties in different manners depending on the dominant party’s needs.   

References

Khatta, R. S. (2008). Risk Management. New Delhi, India: Global India Publications.