![]() ![]() ![]() Operational Risk: The potential for an adverse outcome stemming from day-to-day activities and or a process failure.Ĭ. With this type of risk, it’s more common to assess based on a risk-reward ratio rather than the elimination of risk because the risk is inherent.ī. Strategic Risk: When implementing a business plan, strategy risk defines the potential failure of such a plan. ![]() While the list is longer than what is outlined here, this gives a glimpse of different types of risk that businesses face:Ī. Identify Risksīusinesses face different types of risks that can be broken down into categories. Here’s a look at what to do to create your business’ risk assessment matrix. How to Create Your Risk Assessment MatrixĪlthough it seems like an overwhelming task, once broken down, the steps are quite simple. ![]()
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