Risk
Risks in
Business
Risk refers to potential future dangers or events that may negatively affect a business and its
operations.
Definition
A potential danger or impact in the future that may affect the business.
A possible or anticipated event that could harm operations, finances, employees, or strategy.
Key Concepts
Risk exists before the event happens.
Once the risk actually occurs, it becomes a crisis.
Businesses must therefore identify, analyse, and plan for risks in advance.
Risk Management Importance
Businesses must anticipate possible threats and prepare mitigation strategies.
Effective risk planning helps businesses:
Reduce financial losses
Maintain operations
Protect employees and assets
Ensure long-term sustainability.
Risk 1
, RISK 1: LOADSHEDDING
Risk 2
Risks in
Business
Risk refers to potential future dangers or events that may negatively affect a business and its
operations.
Definition
A potential danger or impact in the future that may affect the business.
A possible or anticipated event that could harm operations, finances, employees, or strategy.
Key Concepts
Risk exists before the event happens.
Once the risk actually occurs, it becomes a crisis.
Businesses must therefore identify, analyse, and plan for risks in advance.
Risk Management Importance
Businesses must anticipate possible threats and prepare mitigation strategies.
Effective risk planning helps businesses:
Reduce financial losses
Maintain operations
Protect employees and assets
Ensure long-term sustainability.
Risk 1
, RISK 1: LOADSHEDDING
Risk 2
