Download and customize this and hundreds of business presentation templates for free
Companies like Google, Amazon, and Apple can benefit from risk management strategies in several ways. Firstly, these strategies help in identifying potential risks early, allowing the companies to take preventive measures. Secondly, risk management strategies help in reducing the impact of risks on the company's operations and financial performance. They also aid in decision-making processes by providing a clear understanding of the risks involved. Lastly, effective risk management can enhance a company's reputation and stakeholder trust, as it demonstrates a proactive approach towards managing uncertainties.
Asked on the following presentation:
Did you know the Model 3 was one of Tesla’s biggest risks? Our Risk Management deck reviews the top Risk Management tools from the biggest consulting...
Voila! You can now download this presentation
Download
Question was asked on:
In 2015, the restaurant chain Chipotle experienced a string of E-Coli outbreaks that caused their profits to decline by 95% by the next year. In total, the company lost about $8 billion in shareholder value and had to pay $25 million in government fines. Why did this happen? Chipotle didn't do enough due diligence to manage the risk when they switched to a decentralized vendor management system. This left the restaurant chain open to E-Coli infections from individual locations that prepped their produce improperly.
Questions and answers
Ask another question