Organizational Risk Item
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An Organizational Risk Item is a risk item that can negatively affect organizational goals.
- Context:
- It can range from being a Legal Organizational Risk to being a Financial Organizational Risk to being an Operational Organizational Risk to being ...
- It can range from being an Internal Organizational Risks and being an External Organizational Risks.
- It can range from being a Minor Organizational Risks and being a Major Organizational Risks.
- It can range from being a Private Organization Risk (e.g. business risk) and being an Public Organizational Risks.
- It can range from being a Potential Organization Risk and being an Active Organizational Risks to being a Past Organizatioanl Risk.
- ...
- It can be referenced by a Organizational Risk Management Policy, procedures, training, and technology solutions to reduce the likelihood and impact of risks.
- It can be managed through Risk Management Frameworks that include identification, assessment, mitigation, and monitoring of risks.
- It can involve using Risk Assessment Systems and methodologies to quantify and prioritize risks.
- It can be influenced by Organizational Risk Tolerance.
- ...
- Example(s):
- Contract-Related Organizational Risks, such as:
- Legal Organizational Risks (involve direct legal actions), such as:
- Organizational Employment Law Risks associated with employment law violation events (non-compliance with labor regulations), which can result in employee lawsuits or labor board investigations.
- ...
- Financial Organizational Risks, such as:
- Organizational Market Downturn Risks (can impact organizational revenue).
- Organizational Credit Risks (can affect the ability to secure financing or manage debt obligations).
- Organizational Investment Risks (can lead to financial losses on organizational assets).
- Organizational Legal Risks, such as:
- Organizational Contractual Breach Risk (can lead to litigation and potential damages).
- Organizational Regulatory Compliance Risk (can result in fines, penalties, or other legal consequences).
- Organizational Intellectual Property Risk (can result in costly legal disputes and harm to the organization’s reputation).
- Compliance Organizational Risks, such as:
- Organizational Industry Regulation Compliance Risk (can lead to fines and damage to the organization's reputation).
- Organizational Data Protection Compliance Risk (can result in data breaches that violate privacy laws).
- Organizational Environmental Compliance Risk (can lead to legal action and financial penalties for non-compliance).
- Operational Organizational Risks, such as:
- Organizational Supply Chain Disruption Risk (can cause delays or shortages in production materials, impacting revenue).
- Organizational Process Failure Risk (can lead to operational inefficiencies and increased costs).
- Organizational Facility Risk (can result in the shutdown of critical operations due to infrastructure failure).
- Human Resources-Related Organizational Risks, such as:
- Organizational Employee Turnover Risk (can disrupt operations and increase recruitment and training costs).
- Organizational Workplace Safety Risk (can result in injuries and associated legal and financial liabilities).
- Organizational Labor Relations Risk (can lead to strikes or disruptions in productivity, impacting overall operations).
- Technological Organizational Risks, such as:
- Organizational IT System Failure Risk (can lead to prolonged downtime and significant operational disruption).
- Organizational Cybersecurity Breach Risk (can result in the theft of sensitive organizational data and substantial financial losses).
- Organizational Technology Obsolescence Risk (can require major investments in new systems and employee training to remain competitive).
- Strategic Organizational Risks, such as:
- Organizational Poor Strategic Planning Risk (can lead to missed opportunities and significant financial losses).
- Organizational Innovation Failure Risk (can result in the loss of competitive advantage and diminished market share).
- Organizational Market Entry Risk (can lead to financial losses due to ineffective market strategies or poor execution).
- Organizational Reputation Risks, such as:
- An Organizational Public Relations Crisis Risk (can severely damage the organization’s public image and trust).
- An Organizational Customer Complaint Management Risk (can escalate on social media, leading to widespread negative publicity).
- An Organizational Product Recall Risk (can result in loss of consumer trust and potential legal liabilities).
- ...
- Counter-Example(s):
- Organizational Opportunity: A scenario where potential positive outcomes or gains arise from uncertainty, rather than risks that could negatively affect the organization.
- Project-Specific Risk: Risks that are limited to a particular project rather than affecting the entire organization or its goals.
- Market Risk: A risk that primarily concerns financial market fluctuations and not directly related to organizational operations or strategies.
- See: Risk Management, Business Risk, Enterprise Risk Management, Risk Assessment, Internal Organizational Risk, External Organizational Risk