Critically evaluate the components which are widely recognised as contributory factors to the concept and occurrence of risk within a business and societal setting and acknowledges economic and legal implications.
Critically evaluate the components which are widely recognised as contributory factors to the concept and occurrence of risk within a business and societal setting and acknowledges economic and legal implications.
| Learning Outcomes Tested in this Assignment :
1. Critically asses the types of risks within a national or global framework 2. Critically evaluate options available for effective management and mitigation of risk types within a strategic context
|
Would students please note that achievement of the learning outcomes for this assessment is demonstrated against the assessment criteria shown below (which are not necessarily weighted equally). All marks/grades remain indicative until they have been considered and confirmed by the Assessment Board
| Assessment Criteria | Marks Awarded | Marks Available | |
| 1 | Effective introduction of the nature and origins of risk as a concept and provision of a critical insight into the components of probability, uncertainty, likelihood and impact, including economic aspects and possible legal issues
|
35 | |
| 2 | Detailed analytical review of risk classifications to design a risk management plan with supporting illustrations drawn from contemporary business, environmental and social incidents and events that subsequently contribute to the effective management of risk to the company you chosen.
|
50 | |
| 4 |
Harvard referencing principles are applied throughout the submission in the correct manner. Evidence of the use and application of authentic and academic sources Omitting to reference correctly reduces work to a descriptive level only.
|
05 | |
| 5 |
The work is presented to a professional and business-like standard and incorporates an introduction and summary. Each section is clearly identified with a sub-heading. International business English that is correctly structured and applied throughout.
|
10 | |
| Additional Comments from Second marker or External Examiner (if required) :
|
MBA – Evaluating Risk and Decisions – Assignment 1
Utlising a company of your own choice undertake independent research that may include relevant company reports and information, business media, publications from statutory bodies and governments in order to draw on practitioner examples, together with supporting theoretical sources to undertake the following:
- Critically evaluate the components which are widely recognised as contributory factors to the concept and occurrence of risk within a business and societal setting and acknowledges economic and legal implications. (35 marks)
- A knowledge transfer of the classification of risk, as a foundation for the design and risk management plan which identifies the potential hazards, hazard sources and hazardous events prior to assessing the associated risks. Evaluate the control measures to be implemented for the identified risks. State how the control measures and effectiveness of the risk management plan will be monitored from an operational perspective, including corrective actions, record keeping and review frequencies.
(50 marks)
In each section the use of supporting recent and relevant academic theory is required to underpin your answer. (05 marks)
Professional business presentation and structure with clear headings, sub-headings and that includes a brief introduction and summary will also be an aspect of the overall assignment mark. (10 marks)
Total (100 marks)
Overall modular value of this assignment is 60%
Masters level Marking Criteria
| No work has been submitted in the time allowed, or the work submitted demonstrates little or no understanding of the task or the subject matter. This may be evident where the work is substantially incoherent, irrelevant or lacking in factual content, or where these shortcomings are present in combination such that the work as a whole is unsound. Major errors of fact, or evidence of substantially poor cognitive or other relevant skills will also lead to a fail. | Fail:
Marks below 30% |
| The work shows some knowledge and required skills are present to a degree. There may be appreciable error or omission of facts, poor structure, misdirection to the task, or poor conceptualisation or illustration of the work. Evidence of analysis and evaluation is weak. There will be indications in the work that the candidate is capable of improving it by further application to the task | Fail:
Marks in the range 30% – 39% |
| The work contains sufficient descriptive information. There is some analysis and explanation with appropriate illustration and example, and some attempt to evaluate. The work will generally be coherent and relevant, it will contain some useful proposals or solutions related to familiar solutions and there will be some attempt at originality. It will be communicated clearly. | Pass:
Marks in the range of 40% – 49% |
| The work contains all the necessary contextual information. There will be adequate analysis, explanation and conceptualisation, with appropriate illustration and example, and sound attempts to evaluate and judge. The work will be substantially coherent and will contain relevant and feasible proposals or solutions related to familiar situations, some responses to uncertainty or ambiguity and some acknowledgements of the implications of change. | Pass:
Marks in the range of 50% – 59% |
| The work will contain complete explanations using most available information. There will be substantial analysis; the ability to recognise evidence, use ideas, conceptualise, evaluate and judge in familiar situations will be clearly demonstrated. Proposals or solutions will be contextually relevant and useful, with substantial evidence of the skill necessary to operationalize them in a variety of situations, including those in which uncertainty, ambiguity or change are present. The work will provide evidence of originality and of useful knowledge transfer to novel situations. It will be coherent and convincing. | Pass:
Marks in the range of 60% – 69% |
| The work will clearly demonstrate the ability to analyse accurately, reliably and fully, all relevant information; to use evidence; to conceptualise, evaluate and judge; to propose and operationalise effective solutions, and to show substantial originality and creativity in a variety of familiar situations or in the face of ambiguity, uncertainty or change. It will demonstrate valuable knowledge transfer and propose feasible solutions for a wide range of situations. Evidence of the ability to innovate will be present. | Pass:
Marks in the range of 70% and above |
Master of Business Administration (MBA)
Assessment Structure Instructions
Report/ Case Study/ Essay
- All written report should be based on the following guideline:
- Font size : 12
- Font type : Arial/Times New Roman
- Line spacing : 1.5
- Alignment : Justify
- The structure of the report/case study/essay should be as follow:
No cover page needed
- Table of content with proper numbering system and page number
- Main body of the assignment
- Reference list with proper Harvard Referencing according to WGU requirements
- The PDF file submission is recommended in order to prevent the format from running.
- All students are encouraged to use the Turnitin Similarity Checker to check on their work’s similarity rate before the final submission to module submission link.
- The word count is exclusive of table of content, in-text citations, references, appendix, and tables.
- The penalty for exceeding the word count is 5 marks per 1000 words excess, with a 10% leeway above the specified word count before the penalty is applied.
Presentation (PowerPoint Slides)
- The structure of the presentation (PowerPoint Slides) should be as follow:
No cover page needed
- The first presentation slide should consist of:
- Student name and Student ID number
- Module code and module name
- Lecturer name
- Main body of the assignment (presentation)
- Reference list, which is part of the presentation slides with proper Harvard Referencing according to WGU requirements
- All students are required to convert their PowerPoint slides into Note Pages format and save it in PDF file for final submission.
- All students are encouraged to use the Turnitin Similarity Checker to check on their work’s similarity rate before the final submission to Turnitin.
- Total number of presentation slides should not exceed 30 slides including the reference list.
- The in-text citations must be included in both the presentation slides and the note pages.
CITATION
