Provide A Reflection Of At Least 500 Words Or 2 Pages 459369
Provide a reflection of at least 500 words (or 2 pages double spaced)
Provide a reflection of at least 500 words (or 2 pages double spaced) of how the knowledge, skills, or theories of this course have been applied, or could be applied, in a practical manner to your current work environment. If you are not currently working, share times when you have or could observe these theories and knowledge could be applied to an employment opportunity in your field of study. Provide a 500-word minimum reflection, using proper APA formatting and citations. Share a personal connection that identifies specific knowledge and theories from this course, demonstrating a connection to your current work environment or desired work environment. Do not provide an overview of the course assignments; focus solely on how the course's knowledge and skills were or could be applied in the workplace. Any outside sources used must be properly cited; unsupported or self-PLAGIARIZED work will result in a zero, and a report will be filed for academic misconduct.
Paper For Above instruction
Throughout this course, I have gained critical insights into risk management principles, especially in organizational contexts, which I have been able to relate to my current professional environment in the healthcare sector. The core understanding of enterprise risk management (ERM), as outlined by Beasley (2016), has profoundly influenced my perception of how organizations proactively identify, assess, and mitigate risks. In my current role as a healthcare administrator, the application of ERM strategies—such as integrating risk assessments into strategic planning—has helped me develop a more comprehensive approach to managing operational, financial, and clinical risks.
One theory central to this course is the COSO framework (2017), which emphasizes aligning risk management with organizational performance and strategy. In practice, I have used this knowledge to enhance our hospital’s risk oversight committees, ensuring risk considerations are embedded into our decision-making processes. For example, during the planning phase for our upcoming hospital expansion, I incorporated COSO’s principles to evaluate potential legal, safety, and financial risks, thereby ensuring the project aligns with our risk appetite and strategic objectives. This proactive approach helps reduce the likelihood of negative outcomes and aligns with the course’s emphasis on integrating risk with strategy and performance.
Another significant theory from the course involves understanding the relationship between risk management and technological standards, such as ISO 27001 and GDPR compliance, discussed by Lopes et al. (2019). In the healthcare environment, data security and patient confidentiality are paramount, and I have applied this knowledge by advocating for the adoption of ISO 27001 standards to protect patient data and meet regulatory requirements. This application not only mitigates the risk of data breaches but also reinforces our organization’s compliance posture, which is crucial amid increasingly stringent data privacy regulations.
Furthermore, the course’s focus on the importance of organizational culture in risk management, as highlighted by Vincent et al. (2017), has been instrumental in my efforts to foster a risk-aware culture among staff. I have organized training sessions to promote awareness of risk factors related to patient safety, cybersecurity, and compliance. By emphasizing transparency and accountability, I have observed increased staff engagement and a proactive attitude towards identifying and reporting potential hazards, aligning with the theoretical understanding that organizational culture significantly influences risk management effectiveness.
The practical application of these theories was exemplified during a recent incident involving potential cybersecurity threats. Drawing on lessons from the course, I coordinated with IT to implement improved cybersecurity protocols based on ISO standards. This case demonstrated how integrating risk management frameworks directly enhances our organization’s resilience against emerging threats. Moreover, I have used risk assessment models from the course to prioritize resource allocation, ensuring that the most critical vulnerabilities are addressed swiftly and effectively.
Looking ahead, the knowledge obtained from this course will continue to shape my approach to risk management by emphasizing a strategic, systematic, and culturally embedded process. In particular, I envision applying integrated ERM frameworks to new projects such as telehealth initiatives, ensuring comprehensive risk assessments that encompass technological, legal, and ethical considerations. This proactive stance supports not only organizational resilience but also aligns with the broader goal of delivering high-quality, safe patient care in a rapidly evolving healthcare landscape.
References
- Beasley, M. S. (2016). What is enterprise risk management? Enterprise risk management initiative. Retrieved from Poole College of Management, NCSU.
- COSO. (2017). Enterprise Risk Management Integrating with Strategy and Performance [Executive Summary].
- Lopes, T., Guarda, P., & Oliveira, P. (2019). How ISO 27001 can help achieve GDPR compliance. Iberian Conference on Information Systems and Technologies (CISTI), 1–6.
- Vincent, N. E., Higgs, J. L., & Pinsker, R. E. (2017). IT governance and the maturity of IT risk management practices. Journal of Information Systems, 31(1), 59–77.
- Additional scholarly sources to be added as necessary for comprehensive coverage and APA compliance.