Risk Assessment
                     Risk 
Assessment
Interestingly, one of the reports by The World Bank on risk 
assessment highlights the need for businesses to adopt risk 
assessments that are robust and involve the identification of risk 
factors. The big challenge is, however, in implementing these 
assessments and then turning them into a strategic plan that can 
be communicated to all stakeholders. Achieving a sustainable 
business is not just about understanding risks but identifying 
which risks need to be managed and how they will impact what 
you do. For example, if your business is in the oil and gas 
industry, this could include assessing how changing fossil fuel 
prices affect your operations. 
2
It might also mean understanding how a new competitor entering 
the market could impact your profitability or where this new 
competitor may have the edge over you in terms of product 
quality or customer experience. Business sustainability requires 
effective risk assessment that identifies risks and then outlines 
strategies for mitigating them before they become problems.
3
4
THANK YOU
5