Chat with us, powered by LiveChat How important are a quality culture and a risk culture for effective organization management? Discuss the relationship between quality management and customer satisfaction #3. Sma - Wridemy Essaydoers

How important are a quality culture and a risk culture for effective organization management? Discuss the relationship between quality management and customer satisfaction #3. Sma

 #1. How important are a quality culture and a risk culture for effective organization management?

#2. Discuss the relationship between quality management and customer satisfaction

#3. Small to medium businesses are exposed to risks on a daily basis. The impact of these risks could cause a decrease in revenue and/or an increase in expenses. As we all know, every business is subject to risks at any time. The potential losses as a result of unmanaged risks could be catastrophic. Insurance policies can be purchased that can help protect businesses from risks caused by certain events and from risks to their employees' personal security.

You have been given the task of persuading your business's board of directors to purchase insurance policies that will help manage the risks mentioned above. The insurance policies have already been chosen, but now you must explain the details of the insurance policies, including the contracts involved in the policies to the board and convince the board that these policies really will protect the business from risks. In addition, you must describe what the terms in the insurance contracts mean and how they can be applicable to each business area.In order to do this, you will need to create a portfolio document with the following sections::

  • Define insurance and an insurance policy.
  • Identify the two basic types of insurance.
  • Describe how insurance policies can be used to protect the business from risks caused by certain events and from risks to their employees' personal security while on the job.
  • Define the four essential elements of a valid insurance contract: offer and acceptance, consideration, legal capacity, and purpose.
  • Identify the common terms found in insurance contracts that specify exactly what risks an insurer will cover.
  • Define catastrophe theory and how it differs from risk management principles.
  • Discuss how catastrophe theory can be utilized by your organizations to manage and recover from risks.

    This question was first posted at writeedu.com!

    Order this paper at writeedu.com

    Visit Writeedu.com Now!

    Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

    Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.

    Do you need an answer to this or any other questions?