Risk.docx - Meg Paulo D Desembrana Christian R Abdon 3:30 5:00 MW BSBA-III Ms Avengoza TYPES OF RISK 1 Strategic Risk Everyone knows that a successful

Risk.docx - Meg Paulo D Desembrana Christian R Abdon 3:30...

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Meg Paulo D. Desembrana Christian R. Abdon 3:30- 5:00 / MW BSBA-III Ms. Avengoza TYPES OF RISK 1. Strategic Risk - Everyone knows that a successful business needs a comprehensive, well-thought-out business plan. But it’s also a fact of life that things change, and your best-laid plans can sometimes come to look very outdated, very quickly . Explanation, strategic risk might arise from making poor business decisions, from the substandard execution of decisions, from a failure to respond well to changes in the business environment. 2. Compliance Risk - And as your own business expands, you might find yourself needing to comply with new rules that didn’t apply to you before. Explanation, Let say you run an organic farm and sell your products in grocery stores across the Lucena. Things are going so well that you decide to expand to Cebu and begin selling there but you’re also incurring significant compliance risk.
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