1. This is a relatively brief case study; yet the problems faced are quite complex. In your workshop, how did you handle uncertainty in the information you have been given and how does this translate into real-world workshops where not all the answers can necessarily be given at the table?
2. What were some of the risk sources that emerged repeatedly in evaluating the risks? How is this helpful?
3. How would this risk assessment aid in the decision on whether or not to proceed with the new HR strategy?
Atleast 300 words for each question and reference for each question. APA format.
Total 900 words
Please use Chapter 27: Nerds Galore Case and provide response for the questions
Answer preview
Importance of Risk Assessment in Decision Making
Nerds Galore’s management decided to formulate a new HR strategy that would address human resources-based risks. They also formulated an Executive Team and tasked it with evaluating the viability of a human resource management plan drafted by the company’s vice president (Quail, 2015). Before implementing a new HR strategy, Nerds Galore needs to have all facts regarding the risks afflicting them. Understanding the source and dynamics of the various dangers plaguing an organization helps overcome them. Through risk assessment, organizations can correctly pinpoint the risks that are affecting the performance of their employees. Such an understanding of the risks makes it easier for a company to take measures centered on overcoming these risks.
