Risks:
The risk to safety and health
There can be a general danger to health and safety in various ways, regardless of whether the workplace is an office or a building site. The key is to recognize dangers such as social, ergonomic, chemical, and biological threats, evaluate the risks, and put in place management mechanisms to ensure your staff's safety and physical and mental treatment. The highest protection and reliability are confirmed by the best health and safety policies in a worksite.
Risk to reputation
Both companies, including owners, workers, and clients, have the prestige to
uphold and their stakeholders. Organizations’ decisions and events where they are responsible will produce a hostile press and significantly impact the brand's image. In recent years, reputational risk has become even more important for organizations because of the increasing proliferation of social networks, allowing almost instantaneous worldwide contact, making it even more difficult for corporations to monitor their views. It is essential to consider and handle risks to your credibility.
Risk of operation
Daily activities are also tried and checked to minimize risk; there may also be
accidents or unusual situations, as seen in recent months. Operational risk refers to lose risk arising from a failure in organizational processes, individuals or systems or external incidents. Examples included economic disasters, the collapse of IT processes, privacy violations, theft, human loss and lawsuits.
Resources:
Physical resources: They are called tangible assets used by the company to produce value and value products for its consumers. Machinery, buildings, inventory, production, and distributor networks, which are highly critical to the industry's proper functioning, can involve physical resources.
Human resources:
Employees are classified as every organization’s most underestimated assets. They are vital to the organization’s work, without which an organization’s operations would standstill. Human capital is much more essential in the sectors that provide service as innovation and expertise are needed in these fields.
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BSBCRT611 Apply critical thinking for complex problem solving
