StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Risk management - Essay Example

Cite this document
Summary
British American Tobacco faces different risk factors like any other company which should be managed if the company has to continue with its long-term health. Identified risks include competition from illicit trade, excise shocks from tax rate increase or structure changes,…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.9% of users find it useful

Extract of sample "Risk management"

Download file to see previous pages

An assessment for each risk in terms of impact of the risk and probability of occurrence was made that prompted the formulation of strategies address the risks, to take advantage of the opportunities, or to control the identified threats. BAT’s main strategies basically facing the risk head on and go on with combatting the illicit trade and the increasing excise taxes or shock the may come from government initiate to raise taxes. For finance risks, hedging was the better strategy than not hedging.

For the market risks which include inability to obtain required price increase, geopolitical tensions and major climate chance separate strategies at the corporate level were done and should give priority to those with high-level risks which include competition from illicit trade, excise shocks from tax rate increase or structure changes, and management of cost base. This paper aims to identify major risk factor faced by British American Tobacco plc (BAT) using appropriate models/classification.

A discussion of possible opportunities or threats would follow the identification. This would be followed by a structure assessment, using a risk map or risk matrix of the impact of the particular risks and the likely occurrence of these risks. The third part would be to formulate strategies for taking advantage of the opportunities, or strategies for controlling the identified threats. The last part of the paper before the conclusion would be to respond to a statement hypothetically made by an executive of saying something about the uselessness of corporate governance.

The respond would focus on the relevance of the corporate governance regulation. Illicit trade is defined as proliferation of illegal competition in the form of counterfeit products (Ortiz &. Tajes, 2009; Dandeker, 1992), genuine but smuggled products and even those of locally manufactured products on which applicable taxes are evaded (British American Tobacco, 2011). The

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Risk management Essay Example | Topics and Well Written Essays - 3250 words”, n.d.)
Retrieved from https://studentshare.org/management/1579829-risk-management
(Risk Management Essay Example | Topics and Well Written Essays - 3250 Words)
https://studentshare.org/management/1579829-risk-management.
“Risk Management Essay Example | Topics and Well Written Essays - 3250 Words”, n.d. https://studentshare.org/management/1579829-risk-management.
  • Cited: 0 times

CHECK THESE SAMPLES OF Risk management

Risk Management Program

Risk management program Name College Course Date; Managing system change is a process of evaluating, planning, and implementing operations and strategies and ensuring that the change is worthy and relevant to the organization.... To create a Risk management policy, there are some guidelines that need to be followed; these include the purpose of the policy, how it will be implemented, it should be in compliant with the federal, provincial and municipal regulations, and should be documented in writing....
3 Pages (750 words) Assignment

Risk Management and Insurance

Risk management AND INSURANCE Table of Contents Table of Contents 2 Risks Involved 3 Risk management 4 Recommendations 5 References 6 Risks Involved The Risk management Department of the Fama's French Bakery company has been established only recently and needs to be operating effectively and efficiently to ensure increased and sustainable growth and profit for the company.... hellip; Risk management is vital to any type of businesses and is actually a process which helps in the identification of different kinds of losses that the business firms are exposed to....
3 Pages (750 words) Assignment

Credit Risk Management

This paper focuses on credit Risk management.... It is a case study for a bank that faces the need to implement an effective credit Risk management policy.... Credit Risk management must start from a particular point and this is the determination of where the problem is.... In certain cases less is more; credit Risk management ought to take precedence over other systems that are required to implement them.... Information technology is, therefore, a vital tool in effecting strategies for effective Risk management....
8 Pages (2000 words) Coursework

Risk Management Policy (NHS)

The Risk management function must be performed in all organizations in order to prevent catastrophes from occurring and to optimize losses by… The health care industry and institutions in this industry such as hospitals are susceptible to variety of risks and the nature of the work requires the utilization of excellent Risk management Risk management is the process of analyzing exposure to risk and determining how to best handle such exposure (Investorwords, 2007)....
2 Pages (500 words) Essay

Risk Management Assessment Summary

Upon detailed research into the affairs of the hospital, it has been realized that Tatum (2011) notes that “Risk management is a logical process or approach that seeks to eliminate or at least minimize the level of risk associated with a business operation.... The commission identifies types of risks in the healthcare industry and also defines Risk management in the health care industry as “clinical and administrative activities undertaken to identify, evaluate, and reduce the risk of injury to patients, staff, and visitors and the risk of loss to the organization itself....
4 Pages (1000 words) Essay

Mining Site Risk Management

The author of this paper "Mining Site Risk management" touches upon the concept of Risk management in the mining field.... Reportedly, a Risk management system refers to the application of techniques or measures to identify the total potential financial loss or gain.... hellip; Risk management systems are important to organizations in that they make them aware of what certain risks are capable of doing to them, and by identifying such, give them the advantage of being ready for them in case they materialize....
8 Pages (2000 words) Research Paper

Risk Management Program

Risk management is a common practice for many organizations, and has been essential in helping firms avert the potential eventualities that would threaten the livelihood and the progress of their companies.... This article highlights various aspects of Risk management together with… The various stages of Risk management together with the factors influencing the company's practices, including environmental, financial and Risk is the uncertainty surrounding future outcomes and events, and it is an expression of the impact and likelihood of the occurrence of an event, which is regarded to have the potential of influencing the achievement of the objectives of an organization....
8 Pages (2000 words) Research Paper

Risk Management Decisions

This essay "Risk management Decisions" tries to define the concept of Risk management process.... The writer of the essay states that the potentially ideal Risk management minimizes spending while maximizing the reduction of the negative effects of risks.... hellip; Government decisions also can affect Risk management decisions.... Those organizations that have well-defined Risk management policies find it easy to tackle the present situations while the others are agonizingly facing reality....
13 Pages (3250 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us