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Techniques available for risk assessment.

Question one
a) Critically discuss three different methods or techniques available for risk assessment. (15
marks)
b) Discuss the relative roles of quantitative and qualitative risk assessment and discuss which is
the more appropriate for the organisation of your choice. Give your reasons. (5 marks)
(1,000 words)
(20 marks)
(LO 1, 3 and 4)
Question two
a) Outline and critically discuss the organisational culture implications of embedding the effective
management of risks within the day to day activities of an organisation. (15 marks)
b) Discuss how far that good practice exists within an organisation with which you are familiar
and recommend steps that would improve practice in that area. (10 marks)
(1,250 words)
(25 marks)
(LO 3 and 5)
Question three
A number of different models of innovation exist. Discuss how far the process of innovation
can effectively be managed and discuss which models of innovation are most applicable to an
organisation with which you are familiar. Give your reasons. (20 marks)
(1,000 words)
(20 marks)
(LO 2)
Please turn over
Page 4 of 6
[1859]
Question four
Tidd and Beasant (2013) list seven components of an innovative organisation. You are required
to
a) Select three of these components and critically discuss their role within effective
innovation. (15 marks)
b) Use your chosen three components to evaluate the innovative activity and capacity of an
organisation with which you are familiar. (10 marks)
c) Based upon that evaluation, suggest improvements that could improve the innovative
activity of that organisation. (5 marks)
(1,500 words)
(30 marks)
(LO 6)
Question five
With reference to the professional skills described in learning outcome 7 at the head of this
document, reflect upon and discuss the role that they might play in contributing to effective risk
management.
(250 words)
(5 marks)
(LO 7)
Reference:
Tidd, J. and Bessant, J., 2013, Managing Innovation: Integrating Technological, Market and
Organisational Change, 5th edition, New York: John Wiley and Sons.

Sample Solution

Feng shui is an old Chinese rationality about how people and their surroundings cooperate and have connections. It incorporates the rule that everything has vitality and is associated with everything else. It is stemmed in the conviction that dependent on laws of nature, standards, hypotheses and methods we can see how to make a situation that enables us to be in amicability and parity. It additionally can control us to improve certain parts of our lives. The fundamental rule of feng shui is chi or vitality. It is a feng shui rule that is utilized through all of life. It interfaces the vitality of everything together. There can be chi or vitality of earth, the air and individuals. We can see the nature of chi communicated through regions of shading, frame, shape, sound and the different cycles in nature. Feng shui standards work to guarantee that the chi is permitted to continue streaming and not stall out or exhausted. In feng shui standards, there are two primary kinds of feng shui that we have to consider. One of these is physical and contains the genuine structures, environment, structures, streets and plan. Alternate includes directional impacts that in spite of the fact that are imperceptible, still have an effect on our lives and how we identify with existence. We have to take both feng shui standards into thought while assessing the chi characteristics of a domain. As indicated by feng shui, if a zone in the earth isn't being helpful for giving great chi, there are fixes or settles that we can use to restore the chi to a characteristic solid state and keep on streaming all through the space. We can settle or address the feng shui of a region by making little or enormous alterations and applying feng shui procedures. These strategies fuse the utilization of various components to make equalization and concordance.
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