Page 57 - EBOOK RISK MANAGEMENT

 Managing Goods and Imported Product

 Build Security into Design
 Keep Essential Records

6.4 Enterprise Risk

Enterprise Risk (ER) is business strategy or plan to identifying, assessing, evaluating

and preparing for any loss, hazards or any potential loss that may interfere

organizations aims and operations.

Potential Loss
 Property losses

 Liability

 Business income loss
 Human resources losses

 Reputation of the company
 Losses from crime

 Failure to maintaining employee benefits

Risk Management Technique

 Communication with all levels in the organization
 Discussion with Top Management

 Mitigating risk in avoiding duplication
 Having Up-to-date Operations

6.5 International Trade Risk

International trade risk is defined as as any event or action that could cause a
loss of or damage to buyer or supplier in trading internationally. The increase in the

export market is highly beneficial to an economy, but on the other hand the increase
in imports can be a threat to the economy of that country such as:

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