1. Introduction 2. Risk 2.1 Risk defined 2.2 Systemic and Systematic risks 3. Risk Management 3.1 Reasons why risk management would be important to Alt Energy 3.2 Researched example of another company that did not manage their risks
Aaron is a young entrepreneur. He saw a business opportunity in providing alternative electricity solutions. He started his business, Alt Energy, a year ago. He rents a small office and storage room, and he owns three vehicles. The office is used for administration. The storage room is used to store expensive equipment and stock. Aaron has employed an administration clerk and four technicians. Due to the increase in loadshedding, his business has grown rapidly. He has appointed a new manager and he wants to provide him with a report on what risk and risk management is. The report should follow the following format:
1. Introduction
2. Risk
2.1 Risk defined
2.2 Systemic and Systematic risks
3. Risk Management
3.1 Reasons why risk management would be important to Alt Energy
3.2 Researched example of another company that did not manage their risks
4. The risk management process
4.1 Objectives
4.2 Risk identification
4.3 Risk evaluation
4.4 Risk control
4.5 Risk financing
4.6 Programme monitoring and administration
5. Conclusion
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