BSBRSK501B Manage Risk Formative Assessments Activity 5 (1). SWOT Analysis Strength 1.Australian chain of upscale mid to high range departmental store 2.Myer has stores in all Australian states and the Australian Capital Territory 3.Variety of brands in affordable price gives consumer a lot of choices 4. Strong brand presence and reputation in Australia 5. Customer-focused service Weakness 1. Undeveloped distribution channel which serves only in some locations in Australia 2.Retail area prices
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How to Manage Risk in the Stock Market What is Risk Management? Risk management is the process of measuring‚ or assessing risk and then developing strategies to manage the risk while attempting to maximize returns. Typically involves utilizing a variety of trading techniques‚ models and financial analyses. The potential return from any investment is generally depending to the amount of risk the investor is willing to assume. Investors will not take on greater risks without the possibility
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you consider that your organisation is prepared to take risks in order to succeed? I do believe that my organisation is prepared to take risks in order to succeed. We continually strive to grow our organisation with new ideas and incentives. Growth does not occur without risk or change. Why is the concept of risk essential to change‚ innovation and the marketplace success of organisations? The concept of risk in essential to change‚ innovation and the success of the organisation as you have to take
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M1 Explain how to manage an outbreak of infection in a health or social care setting To help the prevention of infection spreading is by knowing the method of washing your hand because we carry most bacteria sue to the open air that we come in contact with. For example we use are hands to shake hands with someone holding or touching objects. When you are performing any form of hand hygiene you will need to make sure that you have washed your hand with anti-bacterial liquid soap; this is to help prevent
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How to manage work health and safety risks Code of Practice 2011 Workplace health and safety Queensland Department of Justice and Attorney-General This Queensland code of practice was made by the Minister for Education and Industrial Relations on 27 November 2011 and published in the Queensland Government Gazette on 2 December 2011. This code commences on 1 January 2012. This code is based on a national model code of practice developed by Safe Work Australia and approved by the Workplace Relations
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For the student Please ensure this form is fully completed and attached with the assessment. Student ID: VFHQDB0073 Student Name: VICKI MCGUREN Course: DIPLOMA OF MANAGEMENT Unit Name: MANAGE RISK Unit Code: BSBRSK501B Assessment Title: Assessment No: Trainer’s name: STEPHEN FURLONG Due Date: Intake: Campus: ONLINE Plagiarism and collusion constitute cheating. Disciplinary action will be taken against students who engage in plagiarism and collusion. You must retain a soft copy of this assignment
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P4 - explain how their style of organisation helps them to fulfil their purposes. The aims of organisations depend on the type of business they are. For example‚ the aims of a charity organisation will be quite different from those of a for-profit global business. A business needs to have a clear sense of direction‚ which must be clearly communicated to all stakeholders. This is the aim of the business which can then be broken down into smaller aims and objectives. Tesco Mission and values
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Explain how organisations respond to IT development Adopting business processes In today’s society IT is becoming more essential in everyday life. We use IT to contact people‚ to shop and to find information. Businesses are now trying to adapt to the ways of IT so they can build a stronger connection between their business and their consumers. One of the ways businesses are doing this is by introducing loyalty cards. Loyalty cards are basically cards that companies give you rewards and therefore
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currency options to manage its exposure to fluctuation in foreign currency exchange rates. Toyota does not use derivatives for speculation and trading. (http://www.toyota.co.jp/en/ir.html accessed on 14th November 2002) The profitability of Toyota ’s operations is affected by many factors including the changes in the value of the Japanese yen against other currencies which Toyota does business. The financial year for Toyota is from 1 April to 31 March. IMPACT OF FOREIGN EXCHANGE RISK ON OPERATION The
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Technology and Risks It is no coincidence we end this class discussing the same topic be began with‚ technology and risks. When technology constantly evolving‚ it is becoming increasingly difficult to keep confidential info safe. As consumers‚ we protect our PC with virus protection and malware‚ we make sure to block our Wi-Fi to keep intruders out and of course we never share our information over the internet. Most consumers are wary of using their credit or debit cards on the internet in fear
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