Why Take The Risk?

Is the possibility of something bad happening.

Business' operational and administrative procedures: recruitment, supply chain, accounting controls, among others.

Companies undertake these in order to develop new products, processes, or services, or improve those that already exist.

Take risks: If you win, you will be happy; if you lose, you will be wise.

There are at least 4 types of major business risks (Strategic, Financial, Operational and Compliance)

Is a type of risk that pertains to the possibility of losing money on an investment or business venture.

The amount and type of risk that an organization is prepared to seek, accept or tolerate.

In the process of risk management, brainstorming is a common tool.

Below are the factors affecting financial structure

SWOT stands for Strengths, Weaknesses, Opportunities and Threats

Is a specific type of activity diagram that communicates a sequence of actions or movements within a complex system.

The organization’s readiness to bear the risk after risk treatments in order to achieve its objectives.

Risk Management is the identification, assessment, and prioritization of risks.

Risk Management Process involves:

Means by which an organization monitors and controls the direction, allocation, and usage of its financial structure