You own a small home-based business for catering and delivery to the local market. 1. Develop a
Question:
You own a small home-based business for catering and delivery to the local market.
1. Develop a 3-phase risk management framework/cycle for your business as follows:
Phase 1: Describe in detail…
Major risk 1: full description…
Method of risk identification: elaborate clearly…
Major risk 2: full description…
Method of risk identification: elaborate clearly…
Phase 2: Describe in detail…
Major risk 1:
Expected probability: on a 1-5 scale
Expected impact: on a 1-5 scale.
Severity:
Major risk 2:
Expected probability: on a 1-5 scale
Expected impact: on a 1-5 scale.
Severity:
Phase 3: Describe in detail…
Risk 1 mitigation tactic:
Why did you choose this mitigation tactic? …
Risk 2 mitigation tactic:
Why did you choose this mitigation tactic?
International Business The Challenges of Globalization
ISBN: 978-0133063004
7th edition
Authors: John J. Wild, Kenneth L. Wild