Risk manegement

INSTITUTO POLITÉCNICO NACIONALESCUELA SUPERIOR DE COMERCIO Y ADMINISTRACIÓNUNIDAD SANTO TOMÁSRISK MANAGEMENTTEACHER: MARÍA BELÉN VÁZQUEZ CONDETEAM 4 MEMBERS:BADILLO GARCÍA DEMIAN. 100%CELESTINO AGUILAR STEFANÍA. 100%DE LOS SANTOS MARTÍNEZ DILAN ORLANDO. 100%TORRES SERVÍN MONTSERRAT. 100%RISK MANAGEMENT

Is the process of identifying, assessing, and controlling threats to an organization's capital and earnings.

What is?

Risk management is important because it helps organizations prepare for the unexpected, make confident decisions, and minimize the impact of risks.

• Decision-making.- Risk management helps organizations make better decisions by providing a foundation for decision-making
• Risk acceptance.- Risk acceptance helps companies prioritize which risks are most serious and need more attention.

• Avoiding risk.- Avoiding risk is usually the most effective risk management technique because it completely eliminates the risk of loss.

Why is it important?

• RISK IDENTIFICATION
• RISK ANALYSIS
• RISK CONTROL
• RISK FINANCING
• CLAIMS MANAGEMENT

WHAT ARE THE 5 PRINCIPLES OF RISK MANAGEMENT?

1. AVOIDANCE
2. RETENTION
3. SPREADING
4. LOSS PREVENTION AND REDUCTION
5. TRANSFER(THROUGH INSURANCE AND CONTRACTS)

What are the 5 risk management strategies?

types of risks

Examples include entering a new market, launching a new product, or changing the company’s business model.

These are risks that can affect the organization's long-term objectives. They may arise from poor decision-making or failure to respond to changes in the competitive landscape.

Strategic risks

An example is the malfunction of a machinery

These risks are linked to day-to-day operations. Operational risks can include equipment failures, system breakdowns, supply chain disruptions, or human errors.

operational risks

Example: Failing to meet data protection laws can lead to significant fines.

These risks stem from the need to adhere to laws, regulations, or industry standards.

compliance risk

Fluctuations in exchange rates may impact the value of revenues and costs denominated in foreign currencies.

Financial risks involve potential losses due to market volatility, exchange rate fluctuations, liquidity shortages, or credit defaults.

financial risks

This type of risk can occur for various reasons, such as:

• Negative publicity
• Lack of ethics
• Poor quality of products or services
• Internal fraud

Is the possibility that a company's image will be negatively affected by public perception, which can lead to financial losses.

reputational risks

Thank you for your time