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What is Risk ?
Types of Risk
What is Risk Advisory ?
Why Risk Advisory
What is Risk ?
Risk is defined as a situation involving exposure to danger to the business or management of an organization. Business risk is the exposure a company or organization has to factor(s) that will lower its profits or lead it to fail. It is associated with the overall operation of a business entity. :
Types of Risk  :-
In this present era, there can be various factors which can affect your business and stop you from achieving your targets. Some types of Risk, which can hamper your performance are as follows:-
The economy is constantly changing as the markets fluctuate. It's important to keep a check on the trend to potentially identify and plan for an economic downturn. To counteract this risk you have to operate with a tight budget with low overhead through all economic cycles as part of your business plan.
Business faces an abundance of laws and regulations to comply with. From GST, Income Tax, Custom Laws, Employee Provident Fund Laws, etc. to various other compliances and if they are into manufacture then they need different kind of licenses too.
This may involve availability of credit at the time of adversities. Constant cash flow needs to be maintained so as to avoid any financial crunch.
Business continuity can be hampered through various internal and external factors. Something unexpected could happen which can add a potentional threat to the organization.
What is Risk Advisory Services ?
It is a service which will help you identify and manage your risks and, in the event that risks become a reality, help you deal with the consequences. To enhance the value that you deliver to your stakeholders.
Why Risk Advisory Services ?
Risk management is not only simply identifying and mitigating risk. Rather, now businesses must look above and beyond, and should have a proactive approach to not only detect risk, but also enhance the strategic and operational foundations of their business. One should consider the impact on earnings, market leadership, brand, and competitive edge if you don't change.
The value that Risk Advisory creates for organisations is runs parallel with operational excellence. We at Finnacle, maximize the performance of internal business operations by identifying, predicting, resolving and mitigating potential threats and obstacles. Effective business strategies are created with the expectation to bridge the gap between reality and the goals of the organization.
By applying this thinking to all big decisions, and keeping an eye on the future, We will transform your organization into a place where risk boosts performance.
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