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The process of risk analysis includes determining the severity or consequences and the probability for the identified risk event to occur. This process involves determining the source of the risk. After the risk has been assessed, we need to decide the next action to be taken.
Consider you are the owner of SME company in Malaysia.
a. Evaluate FOUR potential risks, identify the source of risks, and suggest the mitigation plan for each identified risk.
b. In general, there are four types of risk treatment, which are Retain, Reduce, Transfer, and Remove. Discuss the potential action plan for each treatment for the risk of business losses.
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description of businessin the case of competing visions at malden mills aaron feuersteins view of corporate social
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