what is risk managementrisk management
What is Risk management
Risk management is to recognise the risks to which company is exposed to, consider the trade-off between risks and expected returns, and choose an appropriate course of action
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pest analysis political for instance political culture bureaucracy of regulating competition economic for instance exchange rates interest rates
pest analysis and its derivativessuch a process is required for an organisation to be continually aware
country analysis and political riskcountry analysis could use tools for example pest factors in order to strategically analyse countriespolitical
examine the examples of political risk within countries outbreak of national war unrest civil war or riot nationalisation of industriesfor example
what is risk managementrisk management is to recognise the risks to which company is exposed to
determine a process to managing risk1 risk committee set up to address risk issues identified for example regular risk audits to identify and
explain the risk management strategiesretain the riskif risk is small and wont affect companys profits company does very little and lives with
the process of review and audit of internal control systemsthe board of directors are responsible for review and maintenance of internal controls
explain the term- administration of decisionsconformance compliance and efficiencythis is focussed on the administration of decisionsprocesses and
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