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Top 10 Risk In Company Business & How To Manage It Easily?

Top 10 Risk In Company Business & How To Manage It Easily?
All businesses face risks around strategy, profits, compliance, setting, health & safety and then on. Risk is just uncertainty the outcome of whether or not positive/negative PRINCE2, p239. Business Risk uncertainty around strategy, profits, compliance, setting, health & safety and then on. stakeholdermap.com, Company Business Risks with include Market approval, Time-to-market, inappropriate product match, Difficult-to-sell. Type Of Risk & How to manage them? 1. Assets - risk to buildings, assets e.g. fire, flooding Ensure assets Compliance with fireplace & building rules Early warning systems e.g. smoke alarms, sprinklers. 2. Set credit limits Credit checks Set payment terms for suppliers Use debt assortment agency 3. Check monetary background Use Company Business intelligence agencies Early warning indicators e.g. late payment Avoid single supply dependence Good record keeping 4. 5. Have a transparent vision Set clear goals and objectives Regularly review strategy against market conditions

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