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Risks (Steps how to manage risks (Mitigating risks (treating the risk,…
Risks
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Types of risks
Internal risks
Political risks
The activity of the government is exposed to permanent changes, for example, regime change, military actions, civil uprisings.
All these changes have an impact on society and on the activities of entrepreneurs. Such an impact can cause not only huge losses, but also more dangerous side effects.
Social risks
Nowadays there is abundance of goods and services available. the tastes and preferences of consumers are changing very often.
Therefore, entrepreneurs should be able to predict the behavior of consumers, because the money invested should make profit
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External risks
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Cultural risk
Turkish business culture
The negotiation process may take longer than usual. Turkish business people do not like to be put under pressure and do not like deadlines. Being patient is an asset when negotiating with Turkish counterparts.
Business risks
Fraud
all frauds involve abusing people's trust and diverting corporate resources for personal ends. Fraud by wayward employees, be they high or low, can never be eliminated.
Companies are straining the bond loyalty.
Corruption
However, bribes is not just a problem, it is a crime in which not only officials, but also entrepreneurs are guilty.
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