The key to this assignment is to demonstrate your understanding of the topics, not to re-word the text or reference material. Please see Appendix A for the grading rubric on all written assignments.
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Assignment Requirements
A) Create an introductory section where you clearly DEFINE RISK.
B) Research and Pick ONE organization that can you conduct a risk assessment on. Please provide a high level description of the business and state the purpose or need for the risk assessment.
C) Identify the potential risks found in the organization and discuss how they impact the functionality of the organization, business, etc. in it’s chosen business vertical (i.e. government, financial, commercial, industrial, shipping& logistics, etc.).
Sample solution
Dante Alighieri played a critical role in the literature world through his poem Divine Comedy that was written in the 14th century. The poem contains Inferno, Purgatorio, and Paradiso. The Inferno is a description of the nine circles of torment that are found on the earth. It depicts the realms of the people that have gone against the spiritual values and who, instead, have chosen bestial appetite, violence, or fraud and malice. The nine circles of hell are limbo, lust, gluttony, greed and wrath. Others are heresy, violence, fraud, and treachery. The purpose of this paper is to examine the Dante’s Inferno in the perspective of its portrayal of God’s image and the justification of hell.
In this epic poem, God is portrayed as a super being guilty of multiple weaknesses including being egotistic, unjust, and hypocritical. Dante, in this poem, depicts God as being more human than divine by challenging God’s omnipotence. Additionally, the manner in which Dante describes Hell is in full contradiction to the morals of God as written in the Bible. When god arranges Hell to flatter Himself, He commits egotism, a sin that is common among human beings (Cheney, 2016). The weakness is depicted in Limbo and on the Gate of Hell where, for instance, God sends those who do not worship Him to Hell. This implies that failure to worship Him is a sin.
God is also depicted as lacking justice in His actions thus removing the godly image. The injustice is portrayed by the manner in which the sodomites and opportunists are treated. The opportunists are subjected to banner chasing in their lives after death followed by being stung by insects and maggots. They are known to having done neither good nor bad during their lifetimes and, therefore, justice could have demanded that they be granted a neutral punishment having lived a neutral life. The sodomites are also punished unfairly by God when Brunetto Lattini is condemned to hell despite being a good leader (Babor, T. F., McGovern, T., & Robaina, K. (2017). While he commited sodomy, God chooses to ignore all the other good deeds that Brunetto did.
Finally, God is also portrayed as being hypocritical in His actions, a sin that further diminishes His godliness and makes Him more human. A case in point is when God condemns the sin of egotism and goes ahead to commit it repeatedly. Proverbs 29:23 states that “arrogance will bring your downfall, but if you are humble, you will be respected.” When Slattery condemns Dante’s human state as being weak, doubtful, and limited, he is proving God’s hypocrisy because He is also human (Verdicchio, 2015). The actions of God in Hell as portrayed by Dante are inconsistent with the Biblical literature. Both Dante and God are prone to making mistakes, something common among human beings thus making God more human.
To wrap it up, Dante portrays God is more human since He commits the same sins that humans commit: egotism, hypocrisy, and injustice. Hell is justified as being a destination for victims of the mistakes committed by God. The Hell is presented as being a totally different place as compared to what is written about it in the Bible. As a result, reading through the text gives an image of God who is prone to the very mistakes common to humans thus ripping Him off His lofty status of divine and, instead, making Him a mere human. Whether or not Dante did it intentionally is subject to debate but one thing is clear in the poem: the misconstrued notion of God is revealed to future generations.
References
Babor, T. F., McGovern, T., & Robaina, K. (2017). Dante’s inferno: Seven deadly sins in scientific publishing and how to avoid them. Addiction Science: A Guide for the Perplexed, 267.
Cheney, L. D. G. (2016). Illustrations for Dante’s Inferno: A Comparative Study of Sandro Botticelli, Giovanni Stradano, and Federico Zuccaro. Cultural and Religious Studies, 4(8), 487.
Verdicchio, M. (2015). Irony and Desire in Dante’s” Inferno” 27. Italica, 285-297.
Sample Answer
Sample Answer
Title: Risk Assessment in the Financial Sector: A Case Study on XYZ Bank
Introduction
In the realm of business operations, risk is an inherent aspect that must be managed effectively to ensure sustainability and success. Risk can be defined as the probability of an event occurring that will have a negative impact on achieving objectives. In this essay, we will explore the concept of risk, conduct a risk assessment on XYZ Bank, a prominent financial institution, and identify potential risks that could impact its operations within the financial sector.
Definition of Risk
Risk, in the context of business, refers to the uncertainty or likelihood of a negative event occurring that may hinder the achievement of organizational goals. It encompasses both internal and external factors that can lead to financial loss, damage to reputation, regulatory non-compliance, or operational disruptions.
XYZ Bank: A Brief Overview
XYZ Bank is a leading financial institution that offers a wide range of banking and financial services to individual and corporate clients. The bank has a significant presence in the market and is known for its innovative products and customer-centric approach.
Purpose of Risk Assessment
The primary purpose of conducting a risk assessment at XYZ Bank is to identify, evaluate, and prioritize potential risks that could impact the bank’s operations, financial stability, and reputation. By understanding these risks, the bank can develop effective risk management strategies to mitigate threats and seize opportunities proactively.
Potential Risks in XYZ Bank
Market Risk
Market risk refers to the potential losses that XYZ Bank may incur due to adverse movements in market variables such as interest rates, exchange rates, and asset prices. Fluctuations in these factors can impact the bank’s investment portfolio, trading activities, and overall financial performance.
Credit Risk
Credit risk arises from the possibility of borrowers or counterparties failing to fulfill their financial obligations to XYZ Bank. This risk can result in loan defaults, non-performing assets, and liquidity challenges for the bank, affecting its profitability and capital adequacy.
Operational Risk
Operational risk pertains to the potential losses that XYZ Bank may face due to inadequate internal processes, systems failures, human errors, or external events. Operational risks can disrupt day-to-day operations, lead to financial losses, and damage the bank’s reputation among stakeholders.
Impact of Risks on XYZ Bank
Financial Impact
The identified risks pose a significant financial threat to XYZ Bank by potentially eroding its profits, depleting capital reserves, and increasing the cost of funds. Market risk could lead to investment losses, credit risk may result in loan write-offs, and operational risk could incur remediation costs and regulatory fines.
Reputational Impact
In the competitive landscape of the financial sector, any adverse event resulting from unmanaged risks can tarnish XYZ Bank’s reputation and erode customer trust. A loss of reputation could lead to customer attrition, regulatory scrutiny, and difficulties in attracting new business opportunities.
Conclusion
In conclusion, conducting a comprehensive risk assessment is imperative for organizations like XYZ Bank operating in the dynamic and complex financial sector. By identifying and addressing potential risks proactively, the bank can enhance its resilience, protect its stakeholders’ interests, and sustain long-term growth. Effective risk management practices will enable XYZ Bank to navigate uncertainties, capitalize on opportunities, and maintain its competitive edge in the market.
References:
1. Author A. (Year). Title of the article. Journal Name, Volume(Issue), Page numbers.
2. Author B. (Year). Title of the book. Publisher Name.
