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Category: Business and Industry

Date Submitted: 10/15/2014 04:11 AM

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INTRODUCTION Risk management is a systematic approach to managing the risks that occur within the organization. The purpose of risk management is to identify and assess the strategic use of risk in order to achieve the mission and vision of the organization. We take the Akbar Best Enterprises located at No. SMI 28 KEDA NAPOH, 06000 JITRA. This company can contact through the email, arizz80@gmail.com or the blog is http//:www.kerepekbiz.blogspot. The company owner was ROZANA MOHD SOYOTI. At first, MRS. ROZANA just started a business at home only. They doing business of bread but unfavorable because the life of bread is too short. Then, they change from the bread business to crispy business. Thus, the company produced commercially Pagoda chips. A year ago, the owner moved to the factory for assistance by PKNK KEDA NAPOH (Kedah State Development Corporation) for choosing to be a company that can participate in the business coaching and monitoring. Then, the company with 15 others companies doing the program in October 2012 to March 2013. So, the programs help small and medium entrepreneurs to develop their businesses and to improve their sales. After that, their business very encourage until now. RISK IDENTIFICATION TOOL Risk identification tool that have been used is interview. Interview: Our group chooses Akbar Best Enterprises to interview the owner of this company. The aim is to study the risk management occur in the business organization. The interview already take about 2 hours to discuss about the risk occur in the business and how to operate the business. Then, the owner explained about the safety around the factory and others. Thus, issue today is all the things become expensive. So, it is difficult to the owner to increase the price because will reduce the purchasing power by the customer. Then, before interview start, our team prepared the general question to discuss with the owner. So, it is easy for our team to ask many question relate to the risk...