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PT Raja Udang is a company engaged in shrimp ponds with a pond location in Pacitan, a pond area of 50 hectares and an average production of 35 tons per hectare for each cultivation period. The company has been established since 5 years ago with less stable production but high profits. Mr. Vincent as CEO of this company wants to better guarantee profits in the future by implementing risk management.
You are required:
1. Explain to Mr. Vincent the steps to be taken in the implementation of risk management.
2. Identify the risks for this company by explaining the types of risks you know about.
3. Provide examples to better understanding of the above explanations.
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