Proposal Essay Example | Topics and Well Written Essays - 2000 words

Proposal - Essay ExampleReturn venture projects or melodic phrase organizations like most in Saudi Arabia as well faces a variety of risk and risk related phenomena like credit risks, Economic risks, monetary risks, for big venture who deal in trades a commodious also face exchange rates risks (Chong, 2004246). Just by the mere fact that risks exist and ar faced by every individual unit in the society in itself posses a threat to the existence of man. This is because man is always uncertain near the likelihood of success push through of an involvement before actually it occurs successfully. According to, (Adams, 1995), a risk is the likelihood of a loss incase a danger takes place. Such fears is what propels us to look at risk in the general perspective, its nature, kinds of risks, how to handle them or even ways in which we piece of ass try to do away with such risks so that man lives in if not completely risk free because this is not possible then at least at reduced levels of risk. In this topic we are headed towards studying of risks as per the risks faced by business organizations in general, also its going to involve the study of the colossal impacts of such risks and how to try minimizing the risks for the benefits of the businesses operations in terms of returns and reduced costs of operating such businesses. Risk management in this case is to be looked at through identification of the risks, looking for ways of assessing the risks in order to determine their intensity and then decision making on which ones the organization can do with and which are to must avoid so that the organization is able to maximize its chances or opportunities of maximizing business (Adams, 1995) 2.0 OBJECTIVE OF THE STUDY Generally out of the study on risk management the researcher intends to find out on several aspects about risk and risk management. The study is geared towards finding out on- a. What a risk is. b. What forms or type of risks that faces business orga nizations in general? c. What effects or impacts do these risks have on the organizations and to what intensity do they impact on the businesses? d. How can the risks be mitigated or reduced in real practice? The study of all the above aspects of risk entails the mind and categorization and risk components hence risk management as an area under probe (Adams, 1995) 3.0 RESEARCH PROBLEM STATEMENT As stated clearly under the background of the study and clarified get on under the research objectives it is very safe now to state that the major problem under investigation is to find out more about the policy on risk, the policies and tools of risk management. Therefore, the driving factor is risk and its uncertainty in business management. The researcher is get to find out through this research the difficulties as a result of risk and how such challenges can be done away with under the broad topic of risk management (Mugenda, 200589). 4.0 LITERATURE REVIEW This section of the proposa l on risk management is to look in the various articles that address the exploitation of risk through since man started thinking about the existence of risk to date. It is also going to help us to identify fertile grounds for further active research on risk and risk management. 4.1 Definition of risks According to (Abkowitz, 2008), Risk is the likelihood of a loss occurring through the occurrence of an hazard that can be analyzed and measured into quantities.....he goes ahead to explain that its because of risks that men