Information business risks
Posted: Sun Dec 22, 2024 6:34 am
These concern failures in the operation of information systems or data leaks. For example, if personal data of clients becomes publicly available, this can lead to significant fines. In addition, the business can be affected by negative media reports or public opinion.
Information business risks
Source: shutterstock.com
The list of risks may be expanded depending on the specifics of a particular industry. The methods of their prevention also depend on these specifics. However, there are universal methods of combating entrepreneurial risks, such as insurance. It allows partial compensation of losses through insurance payments when an insured event occurs.
There is also a classification of risks by their consequences. Pure or statistical risks imply that the end result is losses or neutral consequences. Speculative risks allow losses as one of the scenarios (the company may make a profit). Property entrepreneurial risks are associated with the loss or damage of property.
Increase Profits by 200%: Download 5 Powerful Tools for Free
Alexander Kuleshov
Alexander Kuleshov
General Director of Sales Generator LLC
Read more posts on my personal blog:
Over the past 7 years, we have conducted philippinen vorwahl whatsapp over 23,000 comprehensive website audits and I have learned that all of us as leaders need clear and working algorithms for our marketing and sales.
Today we will share with you the 5 most valuable documents that we have developed for our clients.
Download for free and implement today:
How to find out the 5 key marketing metrics in your company?
Step-by-step calculation template with fields where you can insert your data
How to make a KPI for a sales manager based on his work results?
Current template for calculating KPI for sales manager
9 Examples of Universal Selling Commercial Proposals
Upgrade your CPs to close more deals
Cold Lead Processing Script Template
A checklist of ready-made questions for engaging cold clients
7 Profitable Marketing Strategies Examples
Will help increase customer flow by at least 30%
Download the collection for free
pdf 8.3 mb
doc 3.4 mb
Already downloaded
153114
Internal business risks
There are two types of crisis situations in business: external and internal. External business risks are associated with factors that the company cannot influence, while internal ones arise due to errors in management and the company's activities.
Internal business risks
Source: shutterstock.com
Internal problems can be caused by ineffective management, poor marketing, uncompetitiveness of a product or service, lack of investment for development, and litigation.
Almost all of these risks can be prevented by hiring experienced specialists: managers, economists, lawyers, marketers and production personnel. Other issues are resolved through better understanding of customer needs, installation or repair of equipment. These problems depend on the company itself and can be corrected through competent management.
Case: VT-metall
Find out how we reduced the cost of attracting an application by 13 times for a metalworking company in Moscow
Find out how
External risks associated with business activities
We are talking about situations that do not have a direct impact on the company's activities, but still affect its work. The main difficulty is that they can be foreseen, but practically impossible to influence. The most significant risks include:
sudden changes in legislation;
instability of the political situation;
fluctuations in fuel and raw material prices;
economic crises in a country or a specific industry;
natural disasters;
environmental disasters;
social unrest, wars and epidemics.
In addition, the organization's business risks may be related to competitors' actions, lack of quality resources, high inflation, and other factors. For the stable operation of the enterprise, it is necessary to take into account most of these threats and have backup plans in case of crises in order to minimize losses and maintain business sustainability.
Recommended articles on this topic:
Marketing Tips: How to Show That Your Product is the Best
9 Types of Customer Loyalty Programs
Sales Triggers That Have Never Failed
Regulation of business risks
It is established by law that starting a business is a free and conscious choice of a person. There are no special laws that would protect entrepreneurs from economic fluctuations or political instability. In difficult situations, the government can take temporary measures to help small and medium-sized enterprises cope with crises.
Regulation of business risks
Source: shutterstock.com
One of the ways to protect a business is Law No. 4015-1 "On the Organization of Insurance Business in the Russian Federation", which allows entrepreneurs to insure their companies against unexpected losses. Insurance companies offer services that can protect against unscrupulous partners, equipment breakdowns, falling demand, and even bankruptcy.
However, it is impossible to insure business risks associated with losses from the purchase of raw materials, production stoppages or tax payments.
Information business risks
Source: shutterstock.com
The list of risks may be expanded depending on the specifics of a particular industry. The methods of their prevention also depend on these specifics. However, there are universal methods of combating entrepreneurial risks, such as insurance. It allows partial compensation of losses through insurance payments when an insured event occurs.
There is also a classification of risks by their consequences. Pure or statistical risks imply that the end result is losses or neutral consequences. Speculative risks allow losses as one of the scenarios (the company may make a profit). Property entrepreneurial risks are associated with the loss or damage of property.
Increase Profits by 200%: Download 5 Powerful Tools for Free
Alexander Kuleshov
Alexander Kuleshov
General Director of Sales Generator LLC
Read more posts on my personal blog:
Over the past 7 years, we have conducted philippinen vorwahl whatsapp over 23,000 comprehensive website audits and I have learned that all of us as leaders need clear and working algorithms for our marketing and sales.
Today we will share with you the 5 most valuable documents that we have developed for our clients.
Download for free and implement today:
How to find out the 5 key marketing metrics in your company?
Step-by-step calculation template with fields where you can insert your data
How to make a KPI for a sales manager based on his work results?
Current template for calculating KPI for sales manager
9 Examples of Universal Selling Commercial Proposals
Upgrade your CPs to close more deals
Cold Lead Processing Script Template
A checklist of ready-made questions for engaging cold clients
7 Profitable Marketing Strategies Examples
Will help increase customer flow by at least 30%
Download the collection for free
pdf 8.3 mb
doc 3.4 mb
Already downloaded
153114
Internal business risks
There are two types of crisis situations in business: external and internal. External business risks are associated with factors that the company cannot influence, while internal ones arise due to errors in management and the company's activities.
Internal business risks
Source: shutterstock.com
Internal problems can be caused by ineffective management, poor marketing, uncompetitiveness of a product or service, lack of investment for development, and litigation.
Almost all of these risks can be prevented by hiring experienced specialists: managers, economists, lawyers, marketers and production personnel. Other issues are resolved through better understanding of customer needs, installation or repair of equipment. These problems depend on the company itself and can be corrected through competent management.
Case: VT-metall
Find out how we reduced the cost of attracting an application by 13 times for a metalworking company in Moscow
Find out how
External risks associated with business activities
We are talking about situations that do not have a direct impact on the company's activities, but still affect its work. The main difficulty is that they can be foreseen, but practically impossible to influence. The most significant risks include:
sudden changes in legislation;
instability of the political situation;
fluctuations in fuel and raw material prices;
economic crises in a country or a specific industry;
natural disasters;
environmental disasters;
social unrest, wars and epidemics.
In addition, the organization's business risks may be related to competitors' actions, lack of quality resources, high inflation, and other factors. For the stable operation of the enterprise, it is necessary to take into account most of these threats and have backup plans in case of crises in order to minimize losses and maintain business sustainability.
Recommended articles on this topic:
Marketing Tips: How to Show That Your Product is the Best
9 Types of Customer Loyalty Programs
Sales Triggers That Have Never Failed
Regulation of business risks
It is established by law that starting a business is a free and conscious choice of a person. There are no special laws that would protect entrepreneurs from economic fluctuations or political instability. In difficult situations, the government can take temporary measures to help small and medium-sized enterprises cope with crises.
Regulation of business risks
Source: shutterstock.com
One of the ways to protect a business is Law No. 4015-1 "On the Organization of Insurance Business in the Russian Federation", which allows entrepreneurs to insure their companies against unexpected losses. Insurance companies offer services that can protect against unscrupulous partners, equipment breakdowns, falling demand, and even bankruptcy.
However, it is impossible to insure business risks associated with losses from the purchase of raw materials, production stoppages or tax payments.