Risk Management: Types of Risks PDF
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Dwight D. Dacquel, Joseph Joekaven L. Ramizares
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Summary
This presentation discusses various types of risks a company can face, categorizing them as operational, strategic, and financial, demonstrating how these different types of risk affect organizations. It also highlights compliance, reputational, and external risks. The presentation concludes with a review of common types of risks and resources for further study.
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RISK MANAGEMENT TYPES OF RISKS Prepared by: Dwight D. Dacquel, MBA Joseph Joekaven L. Ramizares, MBA (cand.) LEARNING OBJECTIVES: At the end of this lesson, you are expected to: Identify different types of risks: operational, financial, strategic, comp...
RISK MANAGEMENT TYPES OF RISKS Prepared by: Dwight D. Dacquel, MBA Joseph Joekaven L. Ramizares, MBA (cand.) LEARNING OBJECTIVES: At the end of this lesson, you are expected to: Identify different types of risks: operational, financial, strategic, compliance, and reputational. Understand how each type impacts organizations. RECAP: What have you learned from our last discussion? QUESTION: "What’s more dangerous for a company: failing to comply with regulations or making a strategic mistake? Why? QUESTION: "What would you do if your company was facing a financial risk, like a sudden market downturn? How would you manage it?? SOURCES OF RISK INTERNAL RISK EXTERNAL RISK OPERATIONAL MARKET RISK RISK STRATEGIC RISK POLITICAL RISK FINANCIAL RISK ENVIRONMENTAL RISK REPUTATIONAL REPUTATIONAL RISK RISK COMPLIANCE RISK COMPLIANCE RISK SOURCES OF RISK INTERNAL RISK OPERATIONAL RISK STRATEGIC RISK FINANCIAL RISK REPUTATIONAL RISK COMPLIANCE RISK SOURCES OF RISK EXTERNAL RISK MARKET RISK POLITICAL RISK ENVIRONMENTAL RISK REPUTATIONAL RISK COMPLIANCE RISK COMMON RISK CATEGORIES FINANCIAL RISKS OPERATIONAL RISKS COMPLIANCE RISKS STRATEGIC RISKS ENVIRONMENTAL RISKS TECHNOLOGICAL RISKS COMMON RISK CATEGORIES FINANCIAL RISK MARKET RISK CREDIT RISK LIQUIDITY RISK COMMON RISK CATEGORIES OPERATIONAL RISK INTERNAL FRAUD EXTERNAL FRAUD PROCESS FAILURE COMMON RISK CATEGORIES COMPLIANCE RISK REGULATORY COMPLIANCE LEGAL RISK COMMON RISK CATEGORIES STRATEGIC RISK COMPETITIVE RISK REPUTATIONAL RISK BUSINESS MODEL RISK COMMON RISK CATEGORIES ENVIRONMENTAL RISK NATURAL DISASTERS CLIMATE CHANGE RISKS COMMON RISK CATEGORIES TECHNOLOGICAL RISKS CYBERSECURITY RISKS TECHNOLOGICAL FAILURE THANK YOU! References: James Lam. Enterprise Risk Management: From Incentives to Controls. Wiley, 2003. Fraser, J.R., Simkins, B.J. Enterprise Risk Management: A Guide for Government Professionals. Wiley, 2016. International Organization for Standardization. ISO 31000:2018 Risk Management – Guidelines. ISO, 2018.
