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Employee Related Risks

The document outlines various risks facing businesses organized into four categories: employee related risks including lack of training and turnover; revenue related risks such as new competitors and economic pressures; expense related risks like increasing material and wage costs; and quality related risks such as poor production processes, high rework expenses, and equipment breakdowns.

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Bharath
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41 views2 pages

Employee Related Risks

The document outlines various risks facing businesses organized into four categories: employee related risks including lack of training and turnover; revenue related risks such as new competitors and economic pressures; expense related risks like increasing material and wage costs; and quality related risks such as poor production processes, high rework expenses, and equipment breakdowns.

Uploaded by

Bharath
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Employee Related Risks

Lack of training
Fatigue / Stress / Physiological / Psychological
High turnover of Employees
Departure of a key employee
Sabotage/intentional misbehavior
Employee disputes
Poor customer service
Theft

2.Revenue Related Risks

Competitor enters market


Market size shrinks (local population shrinks, demographics
change)
Economic pressure (reduces money available to be spent on your
product)
Substitute product becomes available
Customer access disrupted (e.g. road construction in front of your
business)
Pricing doesnt match value perceived by customers

3.Expense Related Risks

Material costs increase


High rework expense
High warranty expense
Loss of key supplier
Increased wage expense (tight labor market)
Increased benefit costs
Loss of lease/increased rent
Increased utility rates
Increased bank charges (interest rates, credit card fees)

4. Quality Related Risks

Poor production process


High rework expense
High warranty expense
Poor customer service
Low quality materials
Poor employee morale
Inadequate equipment/tools
Poor/unattractive packaging
Equipment/tool breakdown

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