Education and Career Forum

As a manager how can I reduce risk from the business organization and shift it onto customers or users without burdening the organization?

Top Ways to Manage Business Risks:-

1- Prioritize. The first step in creating a risk management plan should always be to prioritize risks/threats.

2- Buy Insurance.

3- Limit Liability.

4- Implement a Quality Assurance Program.

5- Limit High-Risk Customers.

6- Control Growth.

7- Appoint a Risk Management Team.