The concept of risk is not strange to businesses in particular and those who do business in general. “Doing
businesses is taking the risk” became a popular saying of the business people,
whether they are owners of large or small businesses.
Although business has to face with risk every
day and every hour but risk
management is relatively
new concept, not many businesses have understanding about it. Therefore, the
risk management activities of the business are often being conducted in a
half-hearted way. Not many businesses, including large enterprises, have proper
risk management departments in their organizational structure. Hence, the
uncertainties and crises are usually occurs, causing negative effects and
sometimes become disaster for the business.
There are always potential risks in any business environment,
whether that environment is developed with clear and transparency rules, or
that environment is primitive environment with many confusing and complicated.
If the business environment is primitive with inexperienced entrepreneurs,
there will be more risks. Risk can be derived from many factors in
which the subjective factors may cause risk to occur more with more severe
consequences, or vice versa, enterprise can stop the risk or significantly
reduce its impact. This depends on the risk management capacity of
organizations and businesses.
Risk management is the process of analyzing
the environment (inside, outside) to identify, analyze, evaluate, classify,
ranking and implementing appropriate solutions to respond to risks to eliminate
or minimize the negative impacts that may have. In many cases, risk management
includes identifying opportunities within the risk, in order to exploit, take
advantage of them and bring benefits to compensate for the damages caused by
the risk.
Risk management is
different from risk control and risk handling. Risk control is the response
activities for the risks that have been identified. Risk handling is dealing
with risks and crisis after it has actually occurred. Risk management is the
systematic activities, maintaining at every level and assigning to a
specialized department.
Properly understand the nature and importance
of risk management, business will definitely not hesitate in setting up a professional risk management system. An effective risk management
system helps businesses to identify risks early (which are very diverse,
extensive and constantly changing), evaluate the possibility to occur and the
degree of harm to have effective response measures. Unfortunately, the
subjectivity is still the characteristic of many businesses in the risky
business environment.
ANT Consulting is here to assist you from the
outset; providing corporate intelligence, risk advisory, management consulting
services that assist market entrance, and ensure efficient business start-up
operation. Our services are as following:
We strive to save your cost by guiding you
towards economical solutions that comply with local legislation and procedures.
We support you through early logistic solutions and carry you through as your
business grows. We aim to bridge the gap between international best
practices and local cultures and assist foreign companies and organizations
entering Vietnam market to overcome commercial and regulatory issues.
We could be reached at email: ant@antconsult.vn or tel: +848
3520 2779 . To learn more about us, please visit www.antconsult.vn
Further
information
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