Contact

+919962513316

©2018 by The Rankholder. Proudly created with Wix.com

5 TYPES OF BUSINESS RISKS

September 26, 2019

Any company, at any given point of time, has these 5 types of business risks. These risks are so important and big that when they occur, bring huge losses to the company.

 

The First type of business risk is the Strategic Risk

 

Business Risk - Strategic

 

This is a major risk for any business. This risk occurs when either businesses take wrong decisions or affects the big decisions taken. Strategic risks are the important focus of many organizations now.

 

Business Risk - Financial

 

Examples of financial risk include default in debt payments, decline in credit score etc. If the financial risk occurs, it would result in negative financial impact to the organization like waste or loss of assets.

 

Business Risk - Regulatory

 

Regulatory risks are those risks which expose the organization to huge fines and penalties if the regulations are not complied with. Regulatory risks also include risk of change in regulations or laws which will have a negative impact to the organization.

 

Business Risk - Reputational

 

Reputational risks are those anything which bring negative publicity to the organization, impacting its growth and revenue.

 

Business Risk - Operational

 

Operational risks are those which prevent organization from operating efficiently. Operational risks are generally caused by employee errors, company policies etc.

 

It is imperative for any company to address all business risks in order to carry out its function in a smooth and efficient manner.

 

For any further questions relating to enterprise risk management and business risks, please email us to therankholder@gmail.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Please reload

Please reload

ASSET DECOMMISSIONING PROVISION

January 8, 2020

AUDIT AND INVESTIGATION

November 14, 2019

IMPAIRMENT OF ASSETS

October 11, 2019

1/1
Please reload

Check out Our Instagram Feeds