Through one minor mistake, an employee of a multinational Fortune 500 company can experience devastating results and can cause stock and sales to plummet. As a current and/or future leader of an organization, your attention to risk management is vital. There are times when you may find avoiding risk nearly impossible; however, dealing with risk should not be a scary experience for you. Consider the case study “Knight Capital Americas, LLC.”
To prepare for this Discussion, review the case study “Knight Capital Americas, LLC,” found in this week’s Learning Resources, and any additional scholarly sources on IT risk mitigation.
By Day 3
Post your assessment of Knight Capital Americas’ handling of a crisis resulting from “a technology issue” and its implications for risk management planning. In your assessment, answer the following questions:
- What is the dilemma of this case study?
- What were the deeper causes of the event?
- In what ways could this situation have been prevented?
- What type of risk management plan would you recommend for the future? Include specific steps you would take.
Be sure to support your work with a minimum of two specific citations from this week’s Learning Resources and one or more additional scholarly sources.