Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Saturday, 5 May 2018

Michael Quinn Kaiser Studies Schools of Criminal Behavior Thought

The study of criminology undertaken by Michael Quinn Kaiser upon his enrollment at Sacramento State in Sacramento, California had evolved from 18th century schools of thought developed by social philosophers.  The Classical approach to understanding criminal behavior arises from a set of basic beliefs about human nature.  First, that individuals have free will in choosing their behavior. 

Michael Quinn Kaiser

Second, that deterring crime arises from beliefs that humans are hedonistic, seeking pleasure and avoiding pain.  Humans also rationally calculate the costs and benefits of their actions to predict the consequences.  Third, that punishment of equivalent severity deters humans from committing crimes as long as the penalty outweighs the benefit, and fourth, that the swiftness and certainty of punishment determines its effectiveness as a deterrent.  The Classical approach to criminal behavior arose as prisons emerged as organs of social punishment, and when legal systems were emerging in the United States.

Michael Quinn Kaiser

The Positivist school of thought regarding criminality posits that criminal behavior occurs outside an individual’s control, driven by both internal and external factors.  Michael Quinn Kaiser would have studied positivism as a scientific approach to the study of human behavior which has biological, psychological and social positivist aspects.

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Tuesday, 25 July 2017

Michael Quinn Kaiser: Developing Effective Risk Management Strategies

Michael Quinn Kaiser is a successful risk management consultant. Michael Quinn Kaiser spends his days helping his clients determine how to measure risk in their business. 

Michael Quinn Kaiser

Once a company’s risks have been identified, it is important to develop a solid plan for dealing with each of those risks, so that they can be continually managed. Creating a risk management plan is one of the most important things a business can do in order to be prepared to deal with the adverse events.

Decide

The first order of business is to develop a solid risk management plan. Depending on your company’s needs, the plan format can vary, but here are a few essential items that should be included in your risk management plan.
·         A complete list of all individual risks.
·         A rating of the individual risks based on their likelihood and impact.
·         A complete assessment of current controls.
·         A plan of action to deal with those risks.

Decide How to Handle the Risks

After you have identified the risks, prioritized them based on the impact to your business and how likely they are to occur, and assessed how effective your current controls are for handling the risks, you need to make a decision on whether you will avoid the risk, reduce the risk, transfer the risk, or accept the risk. 
Michael Quinn Kaiser

Each of these strategies has their own advantages and disadvantage to consider.

·         Avoiding the risk completely is an effective way of dealing with it. By halting the activity that is causing the potential problem, you can eliminate the chance of incurring losses in your business. However, doing this will require you to lose out on any potential benefits the risk may contain.
·         Reducing the risk by taking steps to make any negative outcomes less likely to occur, or to find a way to minimize its impact when it does occur. This is the most common strategy and is great for a wide variety of risks.
·         You can transfer many of your businesses risk to an insurance company by insuring your vehicles and properties and obtaining different kinds of liability insurance to protect yourself from lawsuits. For risks that have a large potential impact, this is the best option.
·         In the case of minor risks, it is best to accept them. For those risks that received a low score for likeliness and impact, try to find a simple, low-cost solution for dealing with it.



Putting a plan in place isn’t enough to mitigate your risks, you have to continually monitor your business in order to identify and deal with new risks. Michael Quinn Kaiser helps companies identify risks and develop plans to keep their business running as a risk management consultant in California.