Buy custom Investment Risks Doing Business In Vietnam
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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 708 |
Essay's paper body
Singapore Creative Technology, being a computer and electronics manufacturer, is exposed to the operating risk that a competitor will introduce a technologically superior product which takes market share away from us. In general, operating risks cannot be hedged because they are not traded.
It is recognised that operational risk can never be entirely eliminated and that the cost of minimising it may outweigh the potential benefits...
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Accordingly, we can manage operational risks by focusing on risk management and incident management. We can put in place operating manuals, standard operating procedures, delegation of authority guidelines and a regular reporting framework, which encompasses operational and financial reporting.
Having this framework will allow us to identify and detect our areas of potential exposure, which can be addressed to minimize adverse impact to the company...
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