1. Identify the four (4) risks embedded in the operation of the Salon business operation. Try to come up with real-life risks related to the business. You will explain why these events become risks to the business entity.

2. State the tool/technique that you have used to identify the risks. Tools and techniques are unlimited but restricted to the professionalism and ethical behavior of an analyst. Summarise your risk identification process in Table 1. Minimum of 3 tools / techniques must be used in your analysis.

TABLE 1: RISK IDENTIFICATION TECHNIQUES / TOOLS USED Technique used? (the name of the tool) Brainstorming Target respondent? What is the information obtained from this technique? Limitation(s) of this technique? Group members To get a rough overall picture of the risk environment Limitation(s): i. unclear of the real situation ii. only one-side perspective Technique 1 Technique 2 Technique 3 Technique x