For this task, select an issue or problem that is defined in recent scholarly literature and is related to users’ perceptions of risk management

Research Problem and Justification Statement

Part TWO-

Develop a Research Problem Statement and Justification

For this task, select an issue or problem that is defined in recent scholarly literature and is related to users’ perceptions of risk management in organizations. Write a paper in which you address the items below.

• What is the problem that should be addressed with additional research (i.e., what is going wrong)? Support the existence of the problem with recent scholarly references.
• What is the impact of the problem? That is, how are the victims (field of study, researchers, practitioners, industry, civilians, etc.) negatively affected by the problem, when is the problem evident, and where does the issue exist or become obvious? Provide an example of the problem in action or as experienced by those affected by it. Support the impact of the problem with recent scholarly or industry literature.
• Why does the problem exist? Discuss the conceptual basis, the nature of the problem, and outline of the problem as defined by the literature. Support the underlying cause of the problem with recent scholarly or industry literature.
• What is the state of the art in addressing the problem? Conduct a comprehensive review of the literature in which you explain what steps have been taken to solve this problem so far, and explain why the problem has not yet been solved to the satisfaction of either information systems researchers or industry practitioners.

Length: 4-6 pages, not including title and reference pages

References: Support your paper with a minimum of 8 scholarly resources

Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.

Answer Preview………………..

The Problem. Effective risk management requires management teams’ full support. This is because risk management teams need sufficient resources to initiate policies that can neutralize or mitigate the effects of identified threats. Therefore, it is imperative that risk managers communicate information about the discovered dangers to organizations’ top management teams and board. If risk managers fail to report the threats, there is a high possibility that management teams can make wrong decisions. For example, they can develop overoptimistic perceptions about their firms’ risk positions (Wilhelms & Reyna, 2013). Thus, most enterprises experience this challenge as some risk managers deliberately or unknowingly fail to inform their bosses about the risks they have identified (Groysberg & Slind, 2012). Often, these managers believe that they………………

APA 3680 words