Risk Management In UAE Food Bank: Analysis And Assessment

About UAE Food Bank

Cardona, (2013) states that Risk awareness is defined as the type of consciousness that is there in the assessment of risk as well as the management of risk in the concerned organization. The element of risk awareness is a key feature of the governance of an organization and helps the authorities of the place to have a fair idea about the factors that can act as the risk element and also about the types of risk that the places has. The phase of risk awareness is there for the various organizations related to food industry and distribution as the industry has a level of risk to control and manage the industry. The following report deals with the risk management factors of UAE Food bank in the assessment as well as the analysis of the risk with the theories related to it. The following paragraph deals with the risk management cycle with the scoring of the risk in it.

UAE Food Bank is a non-profitable and charitable organization which was established in 4^th January 2017 under Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI). It deals with the food distribution to the people who do not have the ability to purchase food for their sustenance (The UAE Food Bank, 2018). The main goal for the UAE food bank is to eradicate the problem of hunger and also to make sure that the people who come under the line of poverty get access to the food without compromising on the quality. The food collected by the UAE food bank is collected and stored, reviewed and checked for quality purpose. The overall collection of the food is then displayed and sold from the pantries to the people who require it.

The objectives for the risk management in UAE food bank are as follows –

• To analyse the factors associated with the risk in the management of food
• To analyse the factors that result in clash of staff engrossed in the organization for the level of food
• To analyse the factors of risk of mis-documentation of the reports and data files that is being used for the organization.

The job of UAE Food Bank is to make sure that all the people who are not able to get the proper amount of food in the country, get the required amount of food in the arena. The employees who are in the organization are recruited based upon the capability to handle people and their food habits and also to make sure that all the people work with a cause to eradicate the problem of hunger in the country of UAE. My job description in the Food Bank of UAE is to look into the food supply and make sure that each of the individuals who come there for help are getting their right amount of food. In addition, my job role is to look into the quality of food and also to analyse what is lacking in terms of customer demands.

Objectives for Risk Management in UAE Food Bank

The PESTLE analysis of Food Bank are as follows –

• Political – The political scene of UAE is stable which encourages the development of these kind of food banks and their working.
• Economic – There are people who need food bank as their economic status is low which makes the establishment of these banks a must.
• Social – Due to social needs, the establishment of Food Bank is a must.
• Technological – The technological betterment of the country help in the development of the food bank.
• Legal – The legal implications of the country help to establish the food bank in the country.
• Environmental – The environmental adherence help to make sure that food bank has food catering to the needs of the people of the country.

Lam, J. (2014) states that the risk involved in the assessment of the risk in the sector is the maintenance of food wastage as well as the alignment of staff as well as the problem of misplacing the important documentation in the sector of the case. The risk of the organization is being assessed using the proper risk management theories that are there for the work related matters.

There are a number of methods that are involved in the assessment of the risk and conduction of the study. The records of the company are being observed along with maintained in a systematic manner. The complaints that relate to the risk of the organization are being assessed. The assessment will be done by using theories and models relating to the risk management theory namely the Agency Theory, The Robson Risk Management Theory and the Enterprise Risk management theory. The assessment of the work will be done based on the methods and theories stated.

There are a number of risks associated with the UAE Food Bank like the maintenance of the amount of food that is being collected and wasted for the work. In addition, the working of the employees to have a detailed idea about the corruption that is involved in the food bank and also the level of partial behaviour that is present in the whole matter (Glendon & Clarke, 2015).

The reason for this study is to assess the risks as well as the study of the risk in the overall matter of the organizational culture. The whole of the food culture as well as the assessment of the food distribution process is being done by the analysis of factors of the risks.

The risks that are involved in the various aspects of the organisational structure and the working of the various modes of online risks are known as the organizational risk status. In the Food Bank of UAE, there are a number of risks involved which are stated as follows –

Operational

Thalmann  et al. (2014) states that the operational risk is defined as the type of risk management that is catered to the assessment, decision making and the implementation of the risk controls involved in the overall process of the organization. There are a number of operational risk involved in the organization namely – the management of the proper systems and equipment’s for the work, the maintenance of proper records as well as the documents for work, the eradication of fraudulent activities, recruitment factors in the organization as well as the maintenance of proper employee strength of the organization (Reason, 2016).

PESTLE Analysis of Food Bank

The UAE Food Bank is one of the principle organizations that have the risk of operational management in terms of having the proper system for the conduction of work and also for the facilities and equipment that are there for working in a proper manner. The fraudulent and corrupt practises of the organization are there for the management to solve and also to make sure that the risk of food safety and reduction of wastage is being done. The employees are motivated to work according to the system and common goal to have the basis of the organization sorted.

Strategic

Pritchard & PMP, (2014) states that the strategic risk management is defined as the various types of risk that is being identified, sorting, numbering as well as transferring the risks from the company to the business process as well as organization. There are a number of strategic risk involved in the working of the organization which are as namely the risk of liability, marketing and change management risk, the risk of programming and project, the risk of competition from other organizations as well as the innovation risk involved.

The UAE Food bank is one of the organizations that has been established in the recent years which make them prone to face a number of strategic risk management issues like the risk of marketing their ideas and also innovating ways to understand the ways in which the total working of the organization is being done.

Food Bank of UAE is one of the non-profit organizations which make sure that the food is delivered to the people who require the food items without having to pay in the sense of the time. The risk of marketing is one of the prime as without proper market techniques, it is difficult for an organization to have then relevant amount of customer base and even the operational risk involved in the force of time. The risk of change management technique is there for the methods that are being employed by the organization to make sure that the overall management of the risk is done with the concerned span of time.

Wieland & Marcus Wallenburg (2012) states that the strategic method of risk analysis and assessment is done in the UAE food bank to minimise the risk of concerned food allocation as well as to make sure that each of the people of the organization access the food in the concerned span of time. The base for the strategic management case is the level of authenticity that the organization has which is also realised in the management of the base in the period.

Risks Associated with UAE Food Bank

Risk is defined as the type of situation that has occurred in the time and space of a situation and which involves danger. The likelihood of a risk management is there for the fact that the provisions for the food wastage in the sect is greater in the food bank due to the ability of the food to get wasted. The risk management of an organization is the base of a number of theories and policies that help the organization to identify the kind of risk which are there within the organizational premises and also help to make sure that the overall risk assessment is done for the planned period. The impact of the risk management theory lies in the fact that with the utilisation of the theories relating to the concept of risk management, the impact of the food wastage is considerably less. The theories that are there for the assessment of risk management technique are as follows –

• Identification of the risk – The identification of the risk is one of the prime and first steps in the process of risk assessment in which the risk of the organization is to be assessed to make sure the types and the forms of risks that are there for the required part of the time (Brustbauer, 2016). The identification of the risk at UAE Food Bank is done as the risk is there for the management of the organization as well as the identification of the.
• Analysing the risk – Analysis of the risk is being done for the betterment of the activities of the whole organization and also for the control of the fraud and other activities in the span of time. The analysing of the risk is being done for the betterment of the food bank as well as to control the managerial as well as the strategic risk associated.
• Evaluation of the risk – The evaluation of the risk is being done by using the models that are there for the organization and also to make sure that the overall status of the risk is being evaluated as per the risk management techniques.
• Treatment of the risk – The treatment of the risk is being done for the betterment of the process and the aspects of the risk management process of the organization. The treatment of the risk is being done by the way of assessing the ways and means of the organization and the work that is being done to make sure that the end result of the organization and the risk associated with it are helpful for the assessment (Hamraz, Caldwell & Clarkson, 2012).
• Monitoring and reviewing the risk – The risk of the organization is then monitored and reviewed to have an assessment of the risk that is being involved in the organization and also to make sure that the review of the task is being done by the experts to have the required span of the time. Jamal, Ainah and Esa (2014) states that the monitoring of the risk is being done by the experts of the organization.

Agency Theory

The Agency Theory of risk management is one of the theories that explains the relationship between the agents of the business and the principals involved in the theory. There are a number of goals that exist in the goals of an organization which are prone to risk. The relationship between the theory and the shareholder goals help to make sure that there are no or low risk in the business.

The risk management of Food Bank is one such way in which the theory addresses the problem of risk between the principles and agents. In addition, the risk involved in food bank is based on the quality issues of the food and also the problems that are there in the agendas of risk management. The theory therefore matches with the agency of risk management theory involved in the food.

The model for the assessment of the risk management is as under –

Robson Risk Management Model

The Robson model of risk management is one of the holistic models for the management of risk with the five components of the risk management theory to make sure that each of the aspect of the risk management is being done to have a detailed analysis of the risk management process. The five aspects of the risk management process include the following – Personal Risk Perception; Risk Identification; Risk Assessment; Risk Strategies; and Risk Evaluation which help the enterprise to assess the risk involved. The model help the organization to have the basis of the theory and also to have the required segments of analysis of the theories involved.

Theories Involved in the Assessment of Risk Management

Figure – Robson Risk management model

(Source – Shahin & Salem, 2015)

The risk management model help the organization to evaluate the various stages of risk management technique and theory through the process of identification, assessment and various strategies for the evaluation of the risk. In the case of Food Bank UAE, the whole of the risk involved in the organization is being assessed and evaluated through the process and models to have the final evaluation of the case in the point of time. The risk with the development of the organization and also to make sure that that the whole of the risk management model is there for the organizational development.

The enterprise risk management model is one of the basic model structures that has helped the organization to moderate the risk as well as manage the risk associated with the model. The foundation of the organization is being developed and also the relative benefits for using the model in the assessment of the risk is being done. The enterprise risk assessment model is done to control and address the risk associated to have the basis sorted in each of the risk management techniques.

Figure – Enterprise Risk Assessment Model

(Source – Ianchovichina, Loening & Wood, (2014)

The assessment of the risk management model is being done by the identification and analysis of the risk involved in the case and also to make sure that the overall risk of the organization is being solved using the process. The risk of the UAE food bank that is there for the distribution of food to the people who need the support is to be given the required amount of food. The analysis as well as the interpretation of the overall risk management related to food is there by the model of enterprise risk management system.

The risk management cycle is defined as the cyclical order of identification, assessment and giving priority of a single risk over the others in the matters of coordinated and economical perspective of the risk in regards to the application.

Figure – Risk management cycle

(Source – Langley et al., 2013)

In UAE Food Bank, the risk management cycle is the analysis of the problem regarding staff issues, distribution of food, quality of food as well as the amendments of the food purpose in the specific span of time. The overall risk management is implied using the models to have a detailed analysis of the risks involved in the overall process.

Robson Model of Risk Management

The four Ts model involved in risk assessment of the UAE food bank are as follows –

Tolerate – This type of risk assessment includes the tolerance of the risk if it is within the capacity of the organization to handle. The operational and strategic risk of the UAE Food bank us within the tolerate space of the organization.

Treat – The risks that are above the magnitude of tolerance for the organization are categorised under risk treatment. The infrastructural and marketing risk are the risks that should be treated with utmost priority as they are under the high risk zone.

Transfer – The risk of the organization which can be transferred to another party if required are termed as the risks that are to be transferred. The risk of marketing risk can be transferred to the different party as this can be handled either by a PR agency or by a different set of people.

Terminate – The risks that need to be terminated for the overall benefit of the organization are termed as the risks that fall under this category. The wastage of food is one of the risk that should be terminated for the betterment of the organization.

SN	Job	Risk	Source	Changes	Impact	Category of Risk	Total score
	Data collection	Wrong data collection – how many times		1 time because of wrong info this happened	people	process	premises	product
1.		Infrastructure		1	2	0	3	4	High	9
2.		Food wastage		1	3	0	2	1	Low	6
3.		Operational risk		1	4	1	0	1	Medium	7
4.		Strategic risk		1	6	0	0	0	Medium	7
5.		Marketing and promotional risk		1	2	1	3	2	High	9

Figure – Risk factor analysis score

(Source – As created by the author)

The assessment of the risk shows that the maximum risk is there in the risk of food wastage and strategic risk of the organization and the least risk is there in the marketing and promotional level while there is medium level risk in operational risk.

T for the Risk Management in UAE Food Bank

The 4-T of Risk Management are as follows –

Tolerate – The amount of risk which can be tolerated by the agency due to the low magnitude of the risk is termed as the tolerating level of risk management. The operational risk of UAE can be tolerated as it is within the span of the risk management.

Treat – The type of risk which cannot be tolerated and needs to be treated with the utmost aspect is the second T of the risk management factor. The risk of the food wastage is one such risk that needs to be treated in the concerned organization of UAE Food bank to make sure that all the risks are treated with efficacy.

Transfer of the risk – The transfer of the risk is done for any of the financial matters where the risk is being transferred from one party to another. The transfer of the marketing and operational risk is being done by the people of the UAE Food Bank.

Terminate – The termination of the risk is being done for the risk that cannot be treated and should be kept at par with the strategic decision or to remove the point at the end of the time. The UAE Food Bank is to terminate the risk allocated to the operational problems which includes management decisions as well as the problems related to the overall structure.

Conclusion

At the end of the analysis, it can be said that the report is an assessment of the overall analysis of the risk management process that is there for the UAE food bank. The risk management is related to the factors of the 4T of risk management as well as the models and theories related to the risk management subject. The report also analysed the ways in which the overall risk management plans are being done by the UAE food bank in its various forms of risk management techniques. The report deals overly with the analysis of the risk along with the implications in each of the process.

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