Question
Prisha has great difficulty sleeping, constantly worrying about the business she owns. It is a large, complicated business that operates in multiple countries. For each
Prisha has great difficulty sleeping, constantly worrying about the business she owns. It is a large, complicated business that operates in multiple countries. For each of the followingissues, advise Prisha of a risk management strategy that might help reduce risk for her business - do NOT use the same strategy twice!! Name the strategy, explain why you believeeach strategy you identify is appropriate, and how you believe it will lessen risk to her business.1. Equipment is regularly stolen from the yard in behind her warehouse.2. There has been a military coup in Venezuela, impacting the ongoing profitability of her business in that country.3. She is nervous that her business consultancy division (advising clients on complex financial transactions) could result in a large lawsuit if her professional advisors make anerror.4. She is debating opening a division in China - the potential market is huge, but she is worried about the political risk associated with the Chinese government.
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