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Operational business risks• 10 important risks today– Occupational injuries– Fire– Machine breakdown– Wastage in the company– Theft, fraud and negligence– Industrial espionage– Product liability– Data processing risks– Environmental risks– Transport accidentsSocial and Private Insurance18/J.F. Outreville
Why should a company beconcerned by risk management?• Business risks are diversifiable risks– Example (3 toys companies: Yotoys, B.S.Toys andZodi)• 3 major reasons– Bankruptcy costs– Taxes– Corporate stakeholders (managers, employees,clients, suppliers)…Corporate social responsibilitySocial and Private Insurance19/J.F. Outreville
Page 1 and 2: Risk definition, risk behavior,risk
Page 3 and 4: References• ArticleG.A. Holton, D
Page 5 and 6: Risk and uncertainty...concepts•
Page 7 and 8: Risk and uncertainty…policies•
Page 9 and 10: Risk behavior• Risk-taking- to en
Page 11 and 12: Utility theory and risk aversion•
Page 13 and 14: RISK MANAGEMENT:An organizational s
Page 15 and 16: Identification of Risks• The indi
Page 17: Classification of business risks•
Page 21 and 22: Frequency and SeverityFrequency dis
Page 23 and 24: Accidents : Poisson distributionPoi
Page 25 and 26: Distribution: extreme valuesLength
Page 27 and 28: Maximum probable loss• In Finance
Page 29 and 30: Risk Control• Avoidance• Loss p
Page 31 and 32: Examples of risk control measuresPH
Page 33 and 34: • IdentificationRisk managementan

of firms and governments

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