Risk identification methods
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This unit explores the risk identification methods, techniques, and instruments used for identifying factors that can cause difficulties in doing business. Risk Management is a critical aspect of organizational strategy and operations. It helps businesses and individuals identify, assess, and mitigate potential risks that could negatively impact their objectives.
Social Enterprises (SEs) are exposed to different types of risks that can seriously threaten their business. To ensure business operations in case of adverse circumstances, preventive planning and taking steps are necessary to reduce the consequences, enable the continuation of work, and recover from unplanned interruptions of business operations. Risk Management implies an approach to the entire business that consists of policies, procedures, guidelines and related resources, organizational roles, responsibilities, and authorizations, as well as planning activities that enable functioning in case of unforeseen circumstances.
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