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Identify some of the national business risks that would affect risk assessment for all the companies...

Identify some of the national business risks that would affect risk assessment for all the companies in fiji .

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Answer #1

The most common business risk in Fiji are:

  • strategic –decisions concerning your business’ objectives
  • compliance –the need to comply with laws, regulations, standards and codes of practice
  • financial –financial transactions, systems and structure of your business
  • operational –your operational and administrative procedures
  • environmental –external events that the business has little control over such unfavourable weather or economic conditions
  • reputational –the character or goodwill of the business.

Others include health and safety, project, equipment, security, technology, stakeholder management and service delivery.

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