Professional Documents
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Risk Management
Risk Management
Proponents:
May it be small like whether they operate and hour late to huge ones like deciding
common that businesses also fail in appropriately deciding their needed moves in
encounter different problems in their operations, it is safe to say that this type of
study will get broader and broader as businesses expand (e-business for example)
In order to properly conduct a study on business risk that the market find
acceptable, one must also tackle business kinds, their necessary elements, and
the risk itself and whether they have control over it (internal or external). The study
will also seek to answer whether a business that currently is raking profits will
have lower than anticipated profits or experience a loss rather than taking a profit.
price, input costs, competition, and the overall economic climate and government
making decisions that might affect their business in the long run. The strength,
capacity of the firm to gain advantage over its competitors. Analysis of internal
business environment will help to identify the strength of the firm. After identifying
the strength, the firm must try to consolidate or maximize its strength by further
improving its existing plans. Weakness of the firm also plays a big role and no
business have no weakness, they call only minimize its vulnerability by planning
and being proactive. Weakness means limitations of the firm. Monitoring internal
environment helps to identify not only the strength but also the weakness of the
firm. A firm may be strong in certain areas but may be weak in some other areas.
opportunities as and when they come and early identification of threats for its early
defusal. This is only in addition to necessary business knowledge that those who
manage firms must possess. After these they must have knowledge of the risks
today that customers will try to practice their rights through the internet.
Understanding the needs of your best customers and those you want to do more
business with is an invaluable tool for driving results. The purpose of this exercise
is two-fold. First, it forces you to evaluate the composition of your customer base.
Second, surveying customers reveals salient insights into what customers want
(which drives business) and also determines how your company is perceived. In
they have good relationships with customers and already understand what they
want. Nevertheless, I’ve seen firms receive unexpected results from customer
surveys. Some customers indicated that their providers did a good job but were
missing critical services that could strengthen relationships and drive revenue
opportunities.
Scope and Delimitation
This research study aims to know and assess the tolerable level of risk and
the effect in switching to Digital Marketing among businesses, and the comparison
on the profit earned by those businesses which uses a Traditional Marketing and
Digital Marketing.
City. The researchers will only assess the marketing aspect of every respondents.
This study of the tolerable risks that businesses can take would really help
businesses to have more capacity to grow and in the near future be able to