Generally speaking, these risks can be divided into the following four categories, all of which have corresponding risk control tools:
1. Business risk. The evaluation of this risk involves what kind of competitive threat the enterprise faces, and the analysis of competitive threat helps the enterprise to decide how much necessary resources to invest to deal with this competitive threat.
Faced with these non-traditional competitive threats, it is sometimes difficult to choose appropriate coping strategies. For example, many high-tech enterprises did not take Microsoft seriously when they first faced it, thinking that it was just a small company composed of students who dropped out of Harvard. In the end, these companies paid the price.
For business risks, the coping strategy is to refer to good enterprise cases that evaluate various related risks. Facing a brand-new market opportunity, comprehensive risk assessment is as important as accurate financial analysis report to ensure the success of operation.
2. Project risk. For approved projects or projects already under development, the focus of management usually falls on whether the project can be delivered within budget, on time and with high quality. The corresponding risk control methods are effective project management and daily monitoring.
3. Risk of business interruption. This kind of risk refers to whether an enterprise can continue to run its business in a difficult environment, such as the sudden shutdown of servers or the destruction of buildings. In most cases, the server crash will only affect a few people, and the destruction of buildings may lead to the complete termination of the company's business activities.
4. Market risk. This kind of risk can be divided into geopolitical risk and special industry risk. Geopolitical risks include wars, terrorist attacks, plagues, import and export restrictions, etc. The size of this risk depends on the specific country, the complexity of enterprise supply chain and the relationship between industry and politics. Special industry risk refers to the special restrictive policies of the state on certain industries, such as the tight monetary policy of the state, the complete collapse of debt mortgage business and the subprime mortgage crisis that is currently attacking the world. Manufacturers engaged in the production of daily consumer goods must be careful. flash mob spits out their products through social networks.
The control of this risk mainly depends on the rapid formulation of corresponding countermeasures for various uncertain events. The most important thing is to try to find all possible risks, because the biggest risk is that we don't know what risks there are.
Outsourcing, especially offshore outsourcing, will increase the risk of the above risks. When evaluating the risks of outsourcing, we must pay special attention to communication, logistics supply, supplier change and intellectual property rights.
In addition, before any risk assessment, it is necessary to understand the difficulties faced by the company's management team, and then choose appropriate methods to deal with potential difficulties. If the economic situation permits, you can also consider insurance risks.