- 20 Marks
CSME – May 2023 – L1 – SA – Q2 – Risk Management and Corporate Strategy
Exploring risk management through identification, ranking, and stakeholder impacts.
Question
Every business venture has some measure of risk exposure that must be identified, measured, and adequately prepared for. Indeed, each business entity should have in place a good risk management strategy.
As a risk manager, clarify the following in ways that will be comprehensible to a greenhorn in business:
(a) Risk identification. (5 Marks)
(b) Importance of ranking risks. (3 Marks)
(c) Examine the impact of risks on categories of stakeholders. (12 Marks)
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