Business Risk Management

1. Quality – Innovative methods are adopted to create the quality designs to meet the needs of different clients.
2. Safety measures – The quality check is done at different phases of the production works, to improve the safety measures needed for the company.
3. Green construction – New technology is followed so as to cause damage to the environment and increase the quality of the works ( Leva et al., 2012).http://Business Risk Management Sample

1. Quick business expansion – The Company has operations in different parts of the world, and intends to acquire new market.
2. Profits – The profit earned from different projects are also used to take care of the social responsibility factors including assisting the poor people.
3. Employee benefits – There are lucrative employee motivational programs introduced for the benefit of the staffs. This includes employee pension plan and a percentage in the profit earned by the management.

1. The objective is to serve people with the best services
2. Promote the brand name
3. Indulge into proper community services so as to provide the expected benefits to the clients ( Mongering et al., 2014).http://Business Risk Management Sample

1. Identify the risks

1. Production and planning risks
2. Evaluate the challenges in-advance, to deal with the operational works.
3. Develop the right strategies to deal with the business challenges.

1. Organize the works

1. Risks are handled on time, and the right solution to deal with the challenges
2. Deal with the challenges involved with the production works
3. Introduce a new process to overcome the business challenges.

Information technology security

Cyber risks are become a serious issue for the companies. Information is unethically retrieved through a hacking process. Information about the financial performances, designs and others are quickly accessed by the intruders.

Quite recently, the product and service related information about the construction company was improper accessed and caused a heavy loss to the company.

The company follows a strict IT security and computer check and the deviations in case any are identified and it is rectified by the management instantly.

A standardized process is adopted and followed by the company. Any deviation from the stated rules is identified and it is immediately rectified by the management.

A survey is done to find the impact of the improper system and introduce a proper system to overcome the issues (Whipple, Pitblado, 2010).

Security configuration process is constantly monitored by the management, and the essential steps to deal with the challenges are introduced.

A good security system is implemented to avert the possibilities of challenge occurring or impacting the business activities.

A constant monitoring process is introduced to deal with the challenges as and when they occur

The construction company has to follow the norms and conditions mentioned to take care of the environmental issues. Excessive construction causes damages to the environment and this poses a serious threat to the people and the community members.

Credit Risk

Finances are procedure by the company for carrying out the project work. While communicating the details about the project, the need to introduce the design and its benefits are discussed. The long and the short term benefits are also discussed with the investors and this helps in gathering the funds through the investment process. Funds are procured by the company on a short term basis, and the repayment plans are implemented accurately so as to secure the credit ratings (De Bakker et al., 2010).http://Business Risk Management Sample

The company at present doesn’t have enough cash reserves and this has affected the overall performances of the construction works. High quality projects needs to be designed for the clients, at a considerable price, as it would assist in sustaining the tough competition in the market.

The risks can be transferred or controlled by creating a relevant process to control the business related losses arising due to the improper plans to increase the quality of the works.

A continuous monitoring process is adopted to implement the changes in the operational works. The analysis is done to implement the corrective action plans.

International trade agreements

The construction works carried out at different places has to follow the international rules and policies that define the process to be followed for the work execution. The relevant details about the agreement and other aspects are readily discussed with the members or the parties so as to carry out the right works in an organized manner.

The company has successfully followed the rules and implemented the legal points so to avoid the mitigations that affect the business conduct. The rules for the taxation policies, strategies, and others are strictly followed so as to determine the accurate process that is followed for the improvement of the business activities.

The company policy is not to concentrate on a single market as it affects the operational works and the strategies determined by the management. A regularized policy to follow the pricing strategies and others are taken care of by the company. It enables the management overcome the business related challenges that affects the business conduct and the activities to be carried out by the management.

The legal proceedings are strictly followed by the management, as it assists in overcoming the hurdles involved with the business conduct and achieving the operational goals.

Competition

The company adopts a neutral competitive process as it enables the managers to deal with various operational challenges. With a defined process, the managers could deal with the associated challenges involved in the task execution, and allows the managers to overcome the business related challenges. The competitive factors in the industry are examined, and the relevant changes in the policy changes are introduced

A self-driving factor is used to increase the quality of the construction works. It allows the managers to introduce the right method to overcome the business related challenges that affects the business conduct process.

Risks with the projects are examined through the SWOT and PETSLE analyses. These external factors enable the managers to develop an accurate strategy that assists in increasing the operational works and in adopting the best policies to carry out the construction works (Champion, 2009).http://Business Risk Management Sample

A long term relationship with the suppliers is maintained by the management. It assists the managers to procure the best quality products and use it in the construction works. The strategies are developed and accurate measures are implemented to deal with the challenges that raise in the construction works.

Implementation of the environmental protection policies

The green products are used by the company to carry out the construction works. A planned strategy is adopted so as to implement the changes needed to meet the national and international rules for conducting the construction works. The policies to protect the environment have to be properly examined by the management and the process is followed by the managers.

The investor’s role in expanding the business activities is strictly analyzed by the management. Business changes are implemented by the management after consulting with the owners or the investors. This enables the managers to determine the type of changes that is implemented to achieve the targeted goals.

Business opportunities are created by exploring new means to earn more profit. Through a planned process, the associated risks with the existing system of ownership are examined. Investments are motivated from the investors, with a promise to pay better returns. Funds collected through the investment are used to expand the business activities and to generate new business opportunities.

Legislations policies

The legislation policies and strategies are strictly followed by the company. Managers follow the ISO standards, health and safety measures, and other standards needed to carry out the business activities. The international policies and strategies are examined, and it is followed by the managers. Through a proper reporting process, the managers communicate the details about the performances or the profit earned by the management.