Please enable JavaScript.
Coggle requires JavaScript to display documents.
Business of manufacturing and selling Metal-Air batteries (Risks…
Business of manufacturing and selling Metal-Air batteries
Risk management policies
Keeping the employees of the company well aware of the risks associated and provides proper measures to mitigate it
Keeping the inventory control to avoid the risk of exhaustion of resources
Adopting proper marketing strategies to make sure that the product reaches to the target customers
Risks associated
Property safety risk
Damage to the property can incur you huge debts
Safety of the employers
Damage to the life of an employee might cause serious trouble to the business resulting in it’s shut down in few cases
Risk associated with the inventory
Lack of inventory management may result in shortage or abundance of stock, both posing a risk to the business
Risk associated with the deficiency of the funds
Lack of funds may hinder productivity hence reducing profits
Climatic risks
Climatic factors rains, winds, earthquakes can bring you heavy losses
Technological risks
Risk of breaking down of machines at the peak production times
Failures
Failed to sell the number of products as targeted
Failed to deliver product in time due to risk of scheduling
Failed to reached the desired profit
Failure in the market due to high prices