Monday, February 18, 2013

Enterprise Risk Management

Enterprise Risk Management
Success in the pedigree instauration is measured by the profits a business receives from sell products. During the course of making business deals, one must spy and understand the executable torts that may arise during apiece business transaction to avoid repercussions. Product liability can be prevented by practicing good sales ethics and disclosing any possible defects in the product. Laws and codes that protect both the consumer and business are in place. These laws and codes establish a guideline for businesses to follow during the course of each product being change. Our team will identify potential drop tort violations from the Product Liability video.
Quick Takes Video purchased a video editing system from nonlinear Pro (Pearson system Publishing, 2010). NonLinear Pro faces several liabilities beca practice session of the big product it sold to Quick Takes Video. The potential tort risks that arise are misrepresentation, negligence, defective product, defective design, defective manufacture, and failure to warn. The NonLinear Pro sales representative made false statements concerning how easy the program is to learn, and the time it would fool the employees to have the system up and running. The equipment had harmful, sharp metal parts, make the operator to cut herself.

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The program did not accommodate the computer storage needed to edit high-resolution videos effectively and constantly crashed. NonLinear Pro provided a program that did not live up to its standards. Before purchasing the program, the manager should have consulted with his staff and utilize the 7-step process to avoid the current situation. Our team will use the 7-step process to apply the risk precaution process to subside the business risk associated with the violations.
Element 1
The first element is management commitment (Harb, 2008). Management commitment includes making sure you gravel employees input, encouraging leadership, having a strong governance structure and...If you pauperism to get a full essay, order it on our website: Orderessay



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