(ii) Evaluate the relative advantages and disadvantages of Chen’s risk management committe
(ii) Evaluate the relative advantages and disadvantages of Chen’s risk management committee being
non-executive rather than executive in nature. (7 marks)
(ii) Evaluate the relative advantages and disadvantages of Chen’s risk management committee being
non-executive rather than executive in nature. (7 marks)
(a) The senior management of Universal University (UU) intend to develop both quantitative and qualitative
measures of performance in relation to lecturing staff.
As part of UU’s mission to provide ‘quality education’ to its students, lecturers are encouraged to apply their skill and judgement in the creation, delivery and assessment aspects of the learning process.
Academic staff are organised on a departmental basis. Each department is expected to achieve and improve on targets in the achievement of its role. As part of their development both personally and as departmental members, staff are encouraged to participate fully in research publication, new course design and innovation in teaching and learning methods.
Academic staff have differing views on whether action on their part in pursuing aspects of such goals is
compatible with their personal goals.
Required:
Using the above scenario, discuss in relation to the lecturing staff within (UU) each of the following:
(i) The application of Agency Theory to staff, in their role as agents and provide examples of the
observability of their role in relation to outcomes and effort;
(ii) The application of Expectancy Theory with specific reference to the relationship between:
– strength of motivation to do (X);
– strength of preference for outcome (Y);
– expectation that doing (X) will result in (Y). (12 marks)
(b) ‘Hard Accountability’ is deemed to apply to lecturing staff in each of three specific areas as follows:
(i) accounting for the numbers;
(ii) ensuring the numbers are accounted for;
(iii) being held accountable for events and circumstances leading to the numbers.
Required:
Describe how each of the areas (b)(i) to (iii) may be applied at UU and critically evaluate this approach to
performance measurement in the context of the scenario described above. (8 marks)
To get a sense of how women have progressed in science take a quick tour of the physics department at the University ofCalifornia,Berkeley.This is a storied place the 36 of some of the most important discoveries in modern science-starting withErnest Lawrence' s invention of the cvclotron(回旋加速器)in 1931.
A、 generation ago female faces were 37 and,even today,visitors walking through the first floor of LeConte Hall will See a full corridor of exhibits 38 the many distinguished physicists who made history here, 39 all of there white malesBut climb up to the third floor and you' II see a 40 display.There,among the photos of current facnlty members and students are portraits of the 41 head of the department,Marjorie Shapiro and four other women whose reseaich 42 everything from the mecheanics of the universe to the smallest particles of matter.
A、sixth woman was hired just two weeks ago.Although they' re Still only about 10 percent of the physics faculty,women are clearly a presence here.And the real 43 may be in the smaller photos to the right graduate and undergraduate students about 20 percent of them female.Every yearsBerkeley sends its fresh female physics PhDs to the country' S top universities.That makes Shapiro optimistic but also 44 "I believe things are getting bette "she says "but they' re not getting better as 45as i would like."
A.circumstance
B.confidence
C.covers
D.current
E.deals
F.different
G.exposing
H.fastl
When John realised the potential impact of Risk 3 materialising, he issued urgent advice to the board to withdraw from the activity that gave rise to Risk 3 being incurred. In the advice he said that the impact of Risk 3 was potentially enormous and it would be irresponsible for H&Z to continue to bear that risk.
The company commercial director, Jane Xylene, said that John Pentanol and his job at H&Z were unnecessary and that risk management was ‘very expensive for the benefits achieved’. She said that all risk managers do is to tell people what can’t be done and that they are pessimists by nature. She said she wanted to see entrepreneurial risk takers in H&Z and not risk managers who, she believed, tended to discourage enterprise.
John replied that it was his job to eliminate all of the highest risks at H&Z Company. He said that all risk was bad and needed to be eliminated if possible. If it couldn’t be eliminated, he said that it should be minimised.
(a) The risk manager has an important role to play in an organisation’s risk management.
Required:
(i) Describe the roles of a risk manager. (4 marks)
(ii) Assess John Pentanol’s understanding of his role. (4 marks)
(b) With reference to a risk assessment framework as appropriate, criticise John’s advice that H&Z should
withdraw from the activity that incurs Risk 3. (6 marks)
(c) Jane Xylene expressed a particular view about the value of risk management in H&Z Company. She also said that she wanted to see ‘entrepreneurial risk takers’.
Required:
(i) Define ‘entrepreneurial risk’ and explain why it is important to accept entrepreneurial risk in business
organisations; (4 marks)
(ii) Critically evaluate Jane Xylene’s view of risk management. (7 marks)
(d) Evaluate the circumstances in which a government can act as an aid to business performance. (5 marks)
(b) Using the information provided in the case scenario, strategically evaluate the performance of the company
up to 2004, indicating any areas of particular concern. (20 marks)
A.evaporate
B.evolve
C.explore
D.evaluate
(c) Critically evaluate Vincent Viola’s view that corporate governance provisions should vary by country.
(8 marks)