Risk and Strategic Management Analytical Essay by Nicky

Risk and Strategic Management
An in-depth assessment of the central risk contingencies faced by the Tetra Tech organization.
# 145131 | 3,985 words | 15 sources | APA | 2010 | US
Published on Oct 26, 2010 in Business (Companies) , Business (Management)

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The paper examines the literature on the field of risk and risk management and presents specific definitions of risk management. The paper then evaluates the central risk contingencies faced by Tetra Tech, with a focus on the company's implementation of a program of risk management, the Task Initiation Procedure (TIP), aimed to identify and address risks. The paper discusses the significant improvements that have occurred in the Tetra Tech process, but points out the risks the company still faces today.

Introduction to Risk Management
Risk Management at Tetra Tech

From the Paper:

"As the world evolves, the business community is forced to adapt along. The changes in the past few years have revolved around an increased focus on customer satisfaction, employees' on the job satisfaction and increased shareholder value. Ultimately, it can be said that the contemporaneous business community has to deal with more categories of stakeholders. The fact that the demands of more individuals and groups of individuals have to be considered means that the organizations are faced with more needs to satisfy and consequently, more chances of failure. In a more simplistic formulation, today's organizations face more risks that they predecessors in the past decades."

Sample of Sources Used:

  • Davenport, T.H., 1993, Process Innovation: Reengineering Work through Information Technology, Harvard Business Press
  • Easterby-Smith, M., Araujo, L., Burgoyne, J., 1999, Organizational Learning and the Learning Organization: Developments in Theory and Practice, SAGE, ISBN 0761959165
  • Fletcher, D., Newel, S., 2007, Tetra Tech EC and Risk Management, Richard Ivey School of Business
  • Hammer, M., Champy, J., 1993, Reengineering the Corporation: A Manifesto for Business Revolution, Harper Collins
  • Ingersoll, J.E., 1987, Theory of Financial Decision Making, Rowman and Littlefield, ISBN 0847673596

Cite this Analytical Essay:

APA Format

Risk and Strategic Management (2010, October 26) Retrieved June 06, 2023, from https://www.academon.com/analytical-essay/risk-and-strategic-management-145131/

MLA Format

"Risk and Strategic Management" 26 October 2010. Web. 06 June. 2023. <https://www.academon.com/analytical-essay/risk-and-strategic-management-145131/>