Risk management

Question 1

What are some risks businesses are likely to encounter?

Answer 1

Natural disaster
Failure of technology
Failure of equipment
Employee errors
Supply problems
Economic factors
Legal challenges
Public relations
Product failure

Question 2

How to prevent Tech, Equipment, Employee error, Supply problems , Natural disaster Risks?

Answer 2

Tech
- maintenance
-It back up of data

Environmental
-Safety inspections
-Water sprinklers
-Smoke detectors

Failure of Equipment
- Quality control
- R&D

Employee error
-Training
-Supervision

Supply problems
-Multiple suppliers