WHY SUDDENLY THERE ISINCREASED FOCUS ON RISKIN CORPORATE? Today’s business world is constantly changing—it’s unpredictable, volatile, and seems to become more complex every day. By its very nature, it is fraught with risk. Historically, businesses have viewed risk as a necessary evil that should be minimized or mitigated whenever possible. In recent years, increased regulatory requirements have forced businesses to expend resources to address risk. Shareholders have begun to scrutinize whether businesses had the right controls and risk control measures in place. The increased demand for transparency around risk has not always been met or met in a timely manner.
As evidenced by the Financial market crisis, where the poor quality of underlying assets impacted the value of investments. In the current global economic environment, identifying, managing, a nd exploiting risk across an organization has become increasingly important to the success and longevity of any business.
Aspects of RiskManagements Risk Management is increasingly recognized as being concerned with both positive and negative aspects of risk. Generally recognized that consequences are only negative and therefore the management of safety risk is focused on prevention and mitigation of harm.
The focus of good risk management is the identification and treatment of risks. Its objective is to add maximum sustainable value to all the activities of the organization. Risk Identification Risk Description Risk Estimation Risk Analysis methods and Techniques Risk Profile Risk Evaluation
Governance over the risk assessment process must be clearly established. Risk assessment begins and ends with specific objectives. Effective risk assessment requires a consistent approach, tailored to the organization.
Potential Risk to a PassengerCar Company In the course of CAR business, Firms are exposed to a variety of market and other risks including the effects of demand dynamics, commodity prices, currency exchange rates, interest rates, as well as risk associated with financial issues, hazard events and specific assets risk.Business Risks The automotive industry is very capital intensive. Such investments require a certain scale of operation to generate viable returns. These scales depend on demand. Competition in Design, content, layout and performance of vehicles of Passenger Cars.Health and Safety RisksLabor Management RiskSupply Chain RiskProduct RiskTechnology Risk