Risk and Remedies involved in Operating an Enterprise

[Expensivejoy01]

Below are the Risk and Remedies involved in Operating an Enterprise:-

The enterprise must be aware of the risk associated with their bussiness and must be prepared to cope with these risk. Our environment is full of uncertainties and changes or risk and the small bussiness operators must be aware of these changes:-

*} The social/cultural environment
*} The economic environment
*} The political environment
*} The legal environment
*} The Technological environment

All this are risks operating in an enterprise.

 

[eLdavis]

There is no business out there that is without risk, one way to manage and scale through them is to first have an understanding of the risk present.

 

[Augusta]

Effective risk management needs to be adopted like identifying, assessing, and mitigating these risks through strategies adoption

 

[Starmix]

All those you mentioned are the potential risks for an enterprise owners. I think they are already aware of these and have prepared for their possible occurrence. What to do is do strategic planning and innovating. It's crucial if they ignored these risks.

 

[Suba]

What you describe is only the risk from external factors besides that there are also risks from internal factors, as a businessman you must be careful, each risk certainly has a different solution, such as if you encounter a risk in the production process, of course the problem solving will be different from the risk if you violate the environmental impact.

 

[Augusta]

Be prepared to adjust the business strategy and operations in response to changing market conditions or unexpected challenges.

 

[Springtime]

Operating an enterprise involves taking risks. There are risks associated with internal environment such as sales revenue and availability of funds. External factors such as political stability, the general economic situation also affect an enterprise's sales and profitability.

 

[Nomad]

The major risk is financials. If you are not generating enough sales, you might not even be able to pay for the operational costs