ERM in Practice at the University of California Health System

 

Review Chapter 5: ERM in Practice at the University of California Health System Case and provide response for following questions.

1. Your medical group wants to expand by starting a new venture, owning and operating a pharmacy. In order to increase the chances for success, you have been asked to perform an enterprise risk assessment that includes reputational risk. Give three examples of how starting a new venture might have risk events that could lead to repercussions that would negatively impact the organization’s reputation and three examples where it might be enhanced, creating opportunity.

2. Explain how improvement is measured with KPIs and give one example related to Human Capital and how this KPI might help you improve your organization.

3. What do you think is the difference between traditional risk management and enterprise risk management?

 

Sample Solution

 

 

 

Who are Generation Z?

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comic about age zIt is certainly not a mystery that each age of individuals has its own qualities, personal conduct standards, and perspectives. Issues identified with this reality, for example, mistaken assumptions between individuals of various ages, “father-child” issues, etc—have existed, maybe, since the hours of primitive individuals. These issues will in general go past family connections, likewise spreading to such circles as social pecking order and work. These days, American culture generally comprises of the delegates of Generation X (individuals conceived in 1960s) and Y (conceived in 1980s-mid 1990s); their practices and attributes are as of now all around contemplated. Notwithstanding, as of late one more age has moved up on the stage: Generation Z, individuals conceived in late 1990s-mid 2000s, and in spite of the fact that sociologists and analysts have not considered them totally yet, it is as of now realized that Generation Z is totally not quite the same as their ancestors.

In any case, what are these distinctions? This is the original that can’t envision an existence without having a portable contraption with an entrance to the Internet. Z individuals never lived in times without Facebook, Twitter, and other well known online networking administrations. Whatever they need, they can without much of a stretch find on the Internet directly readily available (on account of cell phones), and generally for nothing.

This has its great and terrible sides. From one point of view, Generation Z is local to the Internet: they are more sagacious with it, and they explore it without hardly lifting a finger that their Y ancestors, the recent college grads, could just dream of; in the time of computerized advancements, it is a significant quality. Then again, Generation Z no more have a need to utilize their long haul memory and to be discerning: all information they need is saved money on the cloud or on inaccessible servers. This has lead to a radical outcome: the normal capacity to focus of a Generation Z high schooler is just 8.25 seconds! This implies they can’t concentrate on something for over eight seconds. Indeed, even a goldfish has a bigger ability to focus of nine seconds (The Telegraph).

Thinking about the tremendous day by day stream of data, Generation Z can’t manage the cost of focusing on everything around them; they must be fastidious, to angle out important data from the stream. Their capacity to focus is shorter, however they can sift through the data simpler and quicker, so one can’t state Generation Z is less powerful when working, or less proficient than recent college grads. Also, when they discover something genuinely worth their consideration, they exhibit responsibility and the capacity to in a split second spotlight on what they find intriguing (Co.Exist).

The capacity to rapidly explore through an a lot of data permits the delegates of Generation Z to grow progressively differing characters. Age Z agents regularly have bizarre leisure activities and interests (now and again not ordinary for adolescents and youngsters—astronomy, for instance), and get information from a more extensive scope of orders contrasted with their ancestors, in spite of the fact that this information might be shallow (IFR).

Simultaneously, there is various troubles and disadvantages common for this age. One of them is having unreasonable desires for themselves and for others. This is regularly filled by a widespread superstar culture. Chloe Combi, an advisor on youth issues for the Mayor of London, and the creator of research committed to Generation Z, clarifies it by the way that, “Gen Z has grown up with unscripted television stars, online life big names and world-well known twenty-something extremely rich people like Mark Zuckerberg.” What is progressively significant and hazardous is that the availability of any Internet content—including pornography—has contrarily influenced the way Generation Z delegates treat individual and sexual connections. Age Z is fixated on sex, and sexual affront. Provocation is likewise getting increasingly basic among its delegates (The Telegraph). Ladies are more generalized inside this age, and strange sexual conduct—like in pornography motion pictures—is regularly imitated and thought about typical.

Age Z is another age that sociologists are effectively learning right now. Comprising of computerized locals, Generation Z vigorously depends on the Internet and different advances in their day by day lives. This makes its agents progressively differing characters with information in a wide scope of orders, with surprising diversions and interests, and with a better capacity than in a flash sort out data and discover something worth consideration. Simultaneously, Generation Z delegates have alarmingly-limited ability to focus overall (not exactly a goldfish), and exhibit ridiculous desires towards themselves and encompassing individuals. They are likewise more explicitly dynamic, and in view of a simple openness of sex entertainment, they will in general misjudge sexual connections, and impersonate manhandling sexual conduct showed in pornography motion pictures. In this way, American culture needs to discover approaches to utilize Generation Z’s certain qualities, and simultaneously by one way or another kill the negative ones.

References

“What is Generation Z, And What Does It Want?” Co.Exist. N.p., 04 May 2015. Web. 25 Sept. 2015.

“Watch Out, Generation Z is going to Enter Your Workplace.” The Telegraph. Broadcast Media Group, n.d. Web. 25 Sept. 2015.

Doe, John. “Something You Didn’t Know about Gen Z.” IFR. N.p., n.d. Web. 25 Sept. 2015.

 

 

 

 

 

 

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