What are examples of changes to a business as a result of major risk events?

Expert Solution

Some of the changes that the business can undergo owing to risk are :

1. Hazardous risks such as fire, flood and other natural disasters. The business firm can take up a emergency management plan which will look into the potential damages that can occur and will take required measures to reduce the damages.

2. Unexpected financial crisis. To reduce this risk event the business firm can keep a track of all the transactions and also keep a database of the supplier which will help in managing the company stocks.

3. Loss of important customers. To reduce this risk the changes that a business firm can undergo is to develop a feedback system where the customers and other people can provide their feedback and ask about their queries.

4. Reduction in the market share because of the entry of a new competitor or a new product to the market. To deal with this risk the business firm has to keep updating their system so that they can make changes according to the latest trend to compete with the competitors.

keosha answered 1 year ago

GIVE "5" major changes to the accounting profession as a result of Sarbanes-Oxley. NO HANDWRITING PLEASE

There are two major types of risk management tools, namely, risk control and risk financing. Discuss the details of these tools with examples.

What were the major events in the development of the cold war?

What are the major changes in Africa, as it becomes a major emerging market? With brief...

What are the major changes in Africa, as it becomes a major emerging market? With brief historical evidence, discuss the role of China in African development. Describe your understanding of the “New Scramble for Africa”. Discuss how the process of globalization affects Africa’s development. Why is Africa referred to as a ”hopeful continent”? 500words short answer

1. Describe the major events of the menstrual cycle and what triggers those events? Be specific....

1. Describe the major events of the menstrual cycle and what triggers those events? Be specific. 2. Soon after eating a meal what happens to pancreatic secretions? Include what stimulates these secretions & the affect of those sec secretions. Be sure to discuss the endocrine and exocrine rules.

Explain what will happen as a result of the following events. In each case, draw an...

Explain what will happen as a result of the following events. In each case, draw an aggregate demand and short-run aggregate supply diagram showing the initial equilibrium output level (Y0) and price level (P0). Show any changes and indicate the final equilibrium output level and price level. A. The economy is operating near full capacity. Now environmental pollu¬tion standards are tightened substan¬tially. B. The economy is operating near full capacity. An import tax (tariff) is imposed on foreign consumer goods,...

Question

What are examples of changes to a business as a result of major risk events?

Solutions

Expert Solution

Related Solutions