Question
You own a small home-based business for catering and delivery to the local market. 1. Develop a 3-phase risk management framework/cycle for your business as
You own a small home-based business for catering and delivery to the local market.
1. Develop a 3-phase risk management framework/cycle for your business as follows:
Phase 1: Describe in detail…
Major risk 1: full description…
Method of risk identification: elaborate clearly…
Major risk 2: full description…
Method of risk identification: elaborate clearly…
Phase 2: Describe in detail…
Major risk 1:
Expected probability: on a 1-5 scale
Expected impact: on a 1-5 scale.
Severity:
Major risk 2:
Expected probability: on a 1-5 scale
Expected impact: on a 1-5 scale.
Severity:
Phase 3: Describe in detail…
Risk 1 mitigation tactic:
Why did you choose this mitigation tactic? …
Risk 2 mitigation tactic:
Why did you choose this mitigation tactic?
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
Answer ABC CATERING SERVICES Stage 1 Significant risk 1 Foodborne illnesses This is a significant risk for everybody associated with the food business ...
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International Business The Challenges of Globalization
Authors: John J. Wild, Kenneth L. Wild
7th edition
133063003, 978-0133401776, 133401774, 978-0133063004
