Similarities and two differences between risk management

 

Think about an organization that must meet complex security and regulatory compliance requirements.

Explain two similarities and two differences between risk management, regulatory compliance, and other forms of compliance that influence risk mitigation plan development within the selected organization context.

Sample Solution

Similarities and two differences between risk management

Risk mitigation planning is the process of developing options and actions to enhance opportunities and reduce threats to project objectives. without a doubt, compliance and risk management are closely aligned: compliance with established rules and regulations helps protect organizations from a variety of unique risks, while risk management helps protect organizations from risks that could lead to non-compliance – a risk, itself. However, their difference are worth noting because compliance-related activities and risk management-related activities deserve unique approaches and execution tactics. Since non-compliance can trigger expensive fines and penalties, as well as reputation damage, it should not be undervalued.

Another significant explanation that conciliation was so dubious was that it affirmed that Chamberlain misjudged Adolf Hitler and his drive for global control which straightforwardly undermined British public safety. On September 30th, 1938, Chamberlain marked the Munich Pact surrendering Sudetenland to Germany and in doing as such, consoled the British public that this would be Germany’s last regional interest.” Chamberlain’s slip-up was to placed his trust into Hitler and is portrayed by antiquarian Keith Middlemas as ‘strategy of deception.’ This revisionist view tested the ethical quality of conciliation and recommended that the arrangement was one of ineptitude and self-duplicity.’ The British Prime Minister misjudged the advantage of Hitler, pacification depended on the deception that Hitler would stop after Munich, Chamberlain accepting his aspirations were restricted to the amendment of the Treaty of Versailles which could be settled through exchange and arrangements in spite of proof of German rearmament. The misstatement of Germany made settlement dubious as he wrongly took Hitler’s statement, that he was a confided in pioneer and as indicated by Nick Smart he “understood that the world could see he had been taken for a sucker” and ‘it was difficult to accept.” This was additionally compounded by the conviction that Adolf Hitler was “favorable to British.” His rehashed confirmations that he respected the British Empire and could never do battle with Britain added to Chamberlain’s fancy. Student of history Patrick Buchanan contends that there was no requirement for GB to pronounce battle on Germany in September 1939 as Hitler didn’t need a conflict with Britain, his inclination being a coalition with GB against socialism Russia. However ahead of schedule as May 1933 Alfred Rosenberg seemed to be sent by Hitler to search out amicable contacts and this combined with the conviction that Germany’s genuine complaints ought to be tended to, Chamberlain accepted that Germany would be happy with concessions utilizing discretion yet this was to be just impermanent as the control of Czechoslovakia was to show. Chamberlain’s three visits

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