greatdude10
Par 100 posts (V.I.P)
Risk can be analyzed looking at historical data & using mathematical models
gurpreetsingh
Gurpreet Singh
I think we can not only analyse risk on time but we can take steps accordingly. I think at present world corporate strategies adopted by companies are full of risks and only a person with a positive frame of mind and good knowledge can reduce the impact of risk.
We can minimise risk by thoroughly studying the past trends of the industry and forecasts about the industry.
We can minimise risk by thoroughly studying the past trends of the industry and forecasts about the industry.
Kalpana Heliya
Par 100 posts (V.I.P)
yes agree here with you Gurpreet...
One needs to analyse effects of risks well, behore. this is more evident in Busineses and Mr. Ratan Tata has stated in many of his speeches that " Being complacent has no room in business". Percieve the risk behorehand and measure them to work on it well.
Some of the most common risks to businesses are unexpected changes in revenue and costs from those budgeted.
Risks that affect revenues can be unanticipated competition, privacy, intellectual property right problems, and unit sales that are less than forecast;
unexpected development costs also create risk that can be in the form of more rework than anticipated, security holes,
privacy invasions
sdixit.poise
Shweta Dixit
yeah we can analyse risks if we have examined & studied trend of it in past, one should know in detail wat all factors affect the decision & situation, single missed factor can lead to the failure of the whole risk analysed & can ruin the situation... so sd consider each n every factor while deciding on sumthing...