Explain and elaborate on the following BUSINESS RISKS.

State your opinion on how the

following risks affect the operation of the business.

1. Team Experienced Risk

-Team risk management is implemented as a routine, continuous, and integral part of
program management activities. Within this program context, it provides the basis for joint
management of program risks as well as the basis for individual organizations to manage
risk.
In my opinion, it affects the business in a way that helps the workers or entrepreneurs to
know what are the needs or to do in the business such as the activities, programs, or
organizations so that they can manage the business properly. It also affects the business
by giving knowledge or informing the employees about the problems or risks that the
business may be dealing with.

2. Competitive Risk
-Competitive risk is the chance that competitive forces will prevent you from achieving a
goal. It is often associated with the risk of declining business revenue or margins due to
the actions of a competitor. The potential for losses due to competitive pressures.
In my opinion, competitive risk is a one thing problem that can stop you from achieving
the things or goals you need for your business. And it is also the chance or potential of
losses or failures from the actions or doings of the competitor.

3. Financial Risk
-Financial risk refers to your business's ability to manage your debt and fulfill your financial
obligations. This type of risk typically arises due to instabilities, losses in the financial
market, or movements in stock prices, currencies, interest rates, etc.
-Financial risk is any of various risks associated with financing, including financial
transactions that include company loans at risk of default. Often it is understood to include
only downside risk, meaning the potential for financial loss and uncertainty about its extent
In my opinion, financial risk affects the business in a way that helps the business to know
and manage financial problems or expenses. With its help, the business will be able to
know what should be done when it comes to finances such as sales, stock prices, interests,
capital, etc.

4. Technology Risk
-Technology risk, also known as information technology risk, is a type of business risk
defined as the potential for any technology failure to disrupt a business. Companies face
many types of technology risks, such as information security incidents, cyber-attacks,
password theft, service outages, and more.
In my opinion, it affects the business by the way of causing problems or troubles that are
related to technology that may result in a failure of the business. Further, it can also affect
the business in a way that helps the business to be able to respond or face the problems
related to or have something to do with technology that the business faces.

5. Operational Risk
-Operational risk is the risk of losses caused by flawed or failed processes, policies,
systems, or events that disrupt business operations. Employee errors, criminal activity such
as fraud, and physical events are among the factors that can trigger operational risk
In my opinion, it affects the business in a way that it may have the risk of having failures
and other problems related to some systems that affect the operation of the business.

6. Environmental Risk
-Business Environmental Risk is defined by ASTM as "a risk that can have a material
environmental or environmentally-driven impact on the business associated with the
current or planned use of the commercial real estate, not necessarily related to those
environmental issues required to be investigated in this practice.
In my opinion, it affects the business in a way that the business may have some
environmental problems that can affect the business badly.

7. Political and Economic Risk

-Political risk usually can result from government actions and economic risk can result from
changes in the micro or macroeconomic stability.
In my opinion, from the definition itself, I think it can affect the business by having
changes to the business caused by economic risks and government actions.

8. Physical Risk
-Physical risks include dangers that pose a threat to physical assets, including your
buildings, equipment, and people. Risks could be events such as fire, flooding, or crimes
like theft and vandalism.
In my opinion, it affects the business by causing troubles such as (from the definition )
threats to physical assets, buildings, equipment, and people. With this risk also, your
business may be affected badly and can face a really big problem.