THE RELATIONSHIP BETWEEN RISK CONTROL AND RISK AVOIDANCE/ TUTORIALOUT THE RELATIONSHIP BETWEEN RISK CONTROL AND RISK AVO

The relationship between risk control and risk avoidance
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i.What is meant by “risk control”?
ii.What is the relationship between risk control and risk avoidance?
iii.What is the difference between “risk avoidance” and “risk
prevention”?
iv.“Risk management can make a difference directly to profit”.
Discuss
v.What is the primary objective of risk management?
vi.How can the risk management process be developed?
vii.What are the main benefits of risk management?
viii.How can the risk be evaluated?
Case Study:
William Telford established The Business Centre in 2000as a
consultancy business. With his experience and connections, the
company grew quickly into UK
’s largest independent creative company with over 60 staff. The
Business Centre rapidly expanded the potfolio of its clients from the
UK to overseas. In 2006,
William Telford began working with clients in the Middle East and
formed a relationship with billion - dollar companyTameer (builder of
the man - made islands in Dubai).
At the time,