Preview

Credit and Collection

Good Essays
Open Document
Open Document
834 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Credit and Collection
Republic of the Philippines
Tarlac State University
College of Business and Accountancy
Financial Management Department

Risk Management:
K(no)w Risk, No Future
Reaction Paper

Ronmar M. Supan
March 2013

Managing risk is the topic of the seminar last February 22, 2013 themed “K(no)w Risk, No Future” which was held at Max’s Restaurant, San Miguel, Tarlac City. It happened between 8:00am up to 5:00pm. The aforementioned seminar was attended by Risk Management students of College of Business and Accountancy, Financial Management Department under Ma’m Isabelita David, and total in attendants were estimated to be three hundred persons.
While waiting for the guest speakers, there was a roll call of all the sections of the 4th year students, and all the sections had prepared their own cheers to represent them, followed by the random raffle draws and their rewards.
The introduction was spoken by Sir Jesse Rey Meneses, the chairperson of Financial Management Department of College of Business and Accountancy; he explained how taking risk is necessary in order to achieve success, followed by Ma’m Isabelita David telling us on how life we will be having after graduation, and we should be involved in the industry, and then a speech video of Mrs. Winnie Monsod is viewed wherein she is in the University of the Philippines motivating students and I quote these lines she said; “do not cheat, because if you do, you will be more of a problem, not a solution” and “I am only one, but I am one, I cannot do everything, but I can do something, what I can do, I ought to do, and what I ought to do, by the grace of God I will do”, I will never forget the second quote because it was our organization motto back when I was in high school, and I’m proud to say that I’m still implementing it in college.
Next speakers are from Banco De Oro (BDO), “the higher the risk, the higher the return” said Ms. Reyda Baniqued, one of the speakers, which is true as one of the financial

You May Also Find These Documents Helpful

  • Better Essays

    To try to eliminate risk in business enterprise is futile. Risk is inherent in the commitment of present resources to future expectations. Indeed, economic progress can be defined as the ability to take greater risks. The attempt to eliminate risks, even the attempt to minimize them, can only make them irrational and unbearable. It can only result in the greatest risk of all: rigidity. (p. 374)…

    • 1152 Words
    • 5 Pages
    Better Essays
  • Good Essays

    |Singapore, M. (2009, January). The Risk Management Association. A member driven profession. Retrieved from www.rmahq.org/ |…

    • 506 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Delta Beverage Case

    • 2136 Words
    • 9 Pages

    In our review we will only examine a few financial variables and go further into the probabilities of the risks that could be occurring in the future. We will try to provide some insight in these probabilities.…

    • 2136 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    In the general course of SB business, investors interested in holding shares in SB should carefully consider the risks described below. If any of the risks and uncertainties described in the cautionary factors described below actually occurs, business, financial condition and results of operations could be materially and adversely affected. The risks and factors listed below, however, are not exhaustive. Other sections of their 10-K include additional factors that could materially and adversely impact business, financial condition and results of operations. Moreover, they operate in a very competitive and rapidly changing environment. New factors emerge from time to time and it is not possible to predict the impact of all these factors on business, financial condition or results of operation. Moreover, many of the foregoing risks are particularly acute in developing countries, which are important to their long-term growth prospects. II…

    • 5360 Words
    • 22 Pages
    Powerful Essays
  • Good Essays

    Nocco, W. B. (2006). Enterprise Risk Management: Theory and Practice. Journal of Applied Corporate Finance , Vol. 18(4), pp: 8-20.…

    • 878 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Merna, T., and Al-Thani, F., F., (2011), "Corporate Risk", General definition of risk management, John Wiley & Sons, Ltd., New Jersey.…

    • 1282 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    "An important manifestation of effective risk management is getting a handle on the scope, volatilities, and severities of the risks one's company faces, then tailoring an appropriate set of risk responses. Risk managers have many types of risk treatments at their disposal. Every company's risk management "solution" will be unique because the exposures and risk appetites all differ. The key is to have a reasonable under-standing of how each treatment option works, alone and in combination with others, so that decisions are informed and results are less influenced by luck than by reason (McCarthy, Flynn, and Brownstein, 2004)."…

    • 3254 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    “It isn’t so much about what you do. It is about why you do it. When you know the reason why you do what you do, and know it will affect the lives of people positively, you have made the first important decision”.…

    • 524 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The chances of risk events and estimated costs changing over the project life cycle are high. These events will impact project change control mechanisms. Moreover, such changes could be significant enough to require changes in scope. The project manager must ensure that these changes are recorded and kept updated. Otherwise the integrity of the project control system will quickly deteriorate and become useless as a management tool.…

    • 673 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Riskmanagementguidance

    • 9516 Words
    • 47 Pages

    Policy Statement 4 2. Introduction 5 3. What is risk? 7 4. What is ‘managing risk positively’?…

    • 9516 Words
    • 47 Pages
    Powerful Essays
  • Good Essays

    Starbucks Risk Management

    • 1118 Words
    • 5 Pages

    In this documentation Team B will discuss different risk management benefits and techniques, and how companies use these benefits and techniques to further their financial goals and prevent future losses. There are two distinct risk management benefits categories: hard and soft. Hard risk management benefits are contingencies, decisions, control, and statistics. Hard benefits support the strategic business planning and effective use of the company resources. While soft risk management benefits are effective communication and a greater sense of morals and responsibility between management and his or her staff. The risk management techniques used in this documentation was qualitative and quantitative. Also Team B decided to do a risk assessment of Starbucks as a part of this documentation.…

    • 1118 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    MU1 Assignment 2

    • 1726 Words
    • 6 Pages

    The impact of the risks on global business it is dramatic in our days, changing the entire look of the industries and financial services. Some risks could be anticipated and identified but some could not. Companies now are using more and more key steps and principles to better manage the risks by;…

    • 1726 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    The author, whose copyright is declared on the title page of this work, has granted…

    • 12466 Words
    • 57 Pages
    Powerful Essays
  • Powerful Essays

    Rawls, S. W., & Smithson, C. W. (1990). Strategic risk management. Journal of applied Corporate Finance.…

    • 1013 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    A reporter asked a bank president the secret of success, “Right decision”, he replied, “How do you get to know how to make right decisions?” asked the reporter. “Experience”, the president answered. “Well, how do you get experience from?” asked the investigator. “Wrong decisions”, he replied. Life has more to offer and is more than a list of acquisitions and attainments or CVs and qualification, is complicated and beyond our mind’s control. The humility to understand this fact will help you survive its vicissitudes.…

    • 1374 Words
    • 6 Pages
    Powerful Essays

Related Topics