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BusMan 113 Risks notes
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Busman 113 - Stellenbosch University Risks lecture notes
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Risk 2:Effect of war on the business
, RISKS
Introduction:
• Resources are limited and valuable which include
—> people
—> time
—> assets
• “Risk” includes uncertainty, as well as other factors outside of ones control, which may
impact the business
• Knowledge of “risks” allows one to develop a plan, to:
—> protect resources
—> maximise resources
Risk 1: Loadshedding
Impact on communities:
• Clinics, hospitals and other health care facilities
—> equipment destruction
—> surgical backlogs
—> exposure to criminal activities
• Households
—> additional costs of alternative energy
—> risks to devices, reduction in battery cycle times
• Education and schools
—> some schools poorly lit .: hard to work and write tests/exams
—> online classes attendance impacted
• Transport
—> travel time .: late to school, work etc.
• Mental health
—> negativity, disengaged, less productive, less healthy
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