Category: Risk

The administration of business risk is the progression of identifying threats, risk assessments and prevention, and controlling/minimizing the threat of these risks and having action plans in place should these events happen. Developing approaches to manage risks helps maintain a business continuity plan. Reference BS 31100:2011 Code of Practice and Guidance; This book offers guidance…

I think taking risk is more important than planing carefully for success. I know that, many people who want to be successful think to plan carefully is safe, maybe it is can be true but if you don`t want take risk you can not get giant leap. I think successful people shouldn`t live stable life,…

For many years, adolescents have been described as risk-takers, unruly, mischievous and are generally portrayed in a negative light. Examples of these depictions can even be traced back to Shakespearean times, however the adolescent stage was not recognised as its own life stage until very recently. Risk taking in adolescence is an area of study…

Abstract The main purpose of a business unit is to make profit and it should be duly noted that profitability alone is not very helpful in determining the efficiency and performance of the business firm unless it is related to other factors such as risk. In the context of business proliferation, we are witnessing an…

Heathrow airport has a long-term goal of making Heathrow into Heathrow 2.0 in which their vision is to make it have a sustainable growth. In this vison, they have highlighted that they want to improve life for their colleagues, communities, contribute to thriving economy and also tackle global issues such as climate change (Heathrow). Risk…

Definition of Risk Risk implies future uncertainty about deviate from expected earnings or expected outcome. Risk measures the uncertainty that investors are willing to take to achieve a return on investment. Since a probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities, and…

Risk acceptance criteria in the Netherlands According with the statutory order in 2004 the Dutch quantitative risk criteria as location-based risk, to ensure that nobody faced big risk. The Dutch have improved a software tool to estimate individual risk and societal risk. This software applies the methods from the books Committee for the Prevention of…

The aim of risk management is to keep the organization and its employees safe as it is the duty of care of the employer; to provide financial security with regards to money spent on things such as legal fees, payouts to insured parties etc.; and it needs to comply with the national legal and statutory…

Risk analysis is the review of the risks associated with a particular event or action. It is applied to projects, information technology, security issues and any action where risks may be analyzed on a quantitative and qualitative basis. Risk analysis is a component of risk management. Most of us do anything possible to avoid risk,…

International Trade is usually defined as the exchange of goods and services across international borders or territories. It acts as a significant factor in many of the national economies, as there is a direct proportional relation between export growth and the economy’s Gross Domestic Product GDP. World trade plays a vital role in humans’ lives,…