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Different types of Business Risk And Risk Management Practices Followed by Business Organisation.

1. Strategic Risk : Everyone Knows that a successful business needs a comprehensive, well-thought-
out business plan…..
2. Compliance risk : Are you complying with all the necessary laws and regulations that apply to our
business….
3. Operational risk : The potential of failures related to the day to day operation of an organization
such as customer service process….
4. Legal risk : The chance that new regulations will disrupt your business or that you will incur
expenses and losses due to a legal dispute.
5. Reputational risk : Reputational risk is the chance of losses due to a declining reputations as a
result of practices are incidents that are perceived as dishonest…..
6. Program risk : The risk associated with the project…..
7. Innovation risk : Risk that applies to innovative areas of your business such as product research….
8. Quality risk : The potential that you will fail to meet your quality goals for your products, services
and business practices….
9. Credit risk : The risk that those who owe you money fail to pay…
10. Taxation risk : The potential for new tax laws or interpretations to results in higher than expected
taxation…

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