Question: write A risk statement that outlines how the operation looks at risk are you accepting of it , wary of it ? What do you

write A risk statement that outlines how the operation looks at risk are you accepting of it, wary of it? What do you consider acceptable risk, and what to you consider unacceptable?
The deliverable for this outlines the operation's philosophy of risk - as an operation, you may decide that you will only accept risks that are essential to the operation and the activity (inherent), and will work to lower exposure/avoid completely any reckless risks. You all may decide to keep a high level of 'perceived risk' while adjusting your activities on the statistical (real) risks. contaxt The risk management plan is being developed as there will be many risks and liabilities that come with running a skiing business and if the business fails to eliminate or mitigate the risks, it will be liable and suffer heavy loss. Some of the risks that this plan will include -
1. Bodily/Physical risks- The participants will be prone to physical injuries from minor bruises to extreme damage to body including death, these types of injuries while performing the skiing activity offered by the company so the company can be sued if the proper action plan does not take place effectively.
2. Financial- Weather is very uncertain as lack of snow or weather conditions like extreme cold can shut down the operations of the business. Poor financial decisions like buying extra equipment will result in monetary loss for the company.
3. Emotional- Fear and anxiety are examples of the emotional risks as it can impact both employees and the participants and the results can be dangerous, so it is important to manage emotional stability of both parties.
This plan will examine all these risks in detail and provide valuable insights on how to mitigate, eliminate, or manage them effectively. The goal is to create a safe environment and ensure clear procedures for handling these risks, recognizing that not all of them cannot be eliminated.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!