英语翻译Q:You've suggested that stakeholders,which you defined a
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英语翻译
Q:You've suggested that stakeholders,which you defined as including investors (shareholders),business partners,governmental organizatiotis,and customers,should be setting the risk-management priorities and the paradigms.Doesn't it seem a little counterintuitive to have people who seem to be basically outside of the organization setting these priorities?
A:It's more like a partnership with the stakeholders that are leading in the dance.However,they’re often not even brought to the dance,and here's where it becomes important.Here's a particular example; Lets say you're working on trying to manage a number of risks across the supply chain,whether it s in transportation logistics,sourcing,third-party sourcing,whatever it might be.
So you’re trying to manage or address some of these risks,and at the end of the day there has to be an investment made against that.Well,somebody has to pass judgment as to what's the threshold for pain and then,of course,how much investment needs to be made against that threshold of pain.What am I willing to accept in the supply chain as far as variability or volatility—and then if it's not met.it's going to cause me pain?Well,it gets back to that question of who's going to feel the pain?Certainly management is going to feel the pain,and the executives are going to feel the pain.But ultimately,the people who are going to really feel the pain are the investors,business partners,clients or customers,and what we've experienced most recently during the financial meltdown is governments who rely on these huge organizations for economic stability or tax revenues.So when we get to these really tough investment decisions.I always ask the management team what are the expectations of those that you're providing your product to,and have you ever had a conversation with them as to what are they willing to accept?
Q:You've suggested that stakeholders,which you defined as including investors (shareholders),business partners,governmental organizatiotis,and customers,should be setting the risk-management priorities and the paradigms.Doesn't it seem a little counterintuitive to have people who seem to be basically outside of the organization setting these priorities?
A:It's more like a partnership with the stakeholders that are leading in the dance.However,they’re often not even brought to the dance,and here's where it becomes important.Here's a particular example; Lets say you're working on trying to manage a number of risks across the supply chain,whether it s in transportation logistics,sourcing,third-party sourcing,whatever it might be.
So you’re trying to manage or address some of these risks,and at the end of the day there has to be an investment made against that.Well,somebody has to pass judgment as to what's the threshold for pain and then,of course,how much investment needs to be made against that threshold of pain.What am I willing to accept in the supply chain as far as variability or volatility—and then if it's not met.it's going to cause me pain?Well,it gets back to that question of who's going to feel the pain?Certainly management is going to feel the pain,and the executives are going to feel the pain.But ultimately,the people who are going to really feel the pain are the investors,business partners,clients or customers,and what we've experienced most recently during the financial meltdown is governments who rely on these huge organizations for economic stability or tax revenues.So when we get to these really tough investment decisions.I always ask the management team what are the expectations of those that you're providing your product to,and have you ever had a conversation with them as to what are they willing to accept?
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