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Written Assignment: Types of Risk I already started the paper and the reference

Written Assignment: Types of Risk I already started the paper and the reference are also attached. Watch the video. Analyze how financial policies and techniques can cover all four types of risk: property, market, employee, and customer. You may use different policies and techniques for each risk type.   Cite Byrd et al. (2013) and at least one article from ProQuest for each policy and technique you present. This means you will present at least four articles in this paper. Property risk is the firm’s physical plant such as buildings, automobiles, machinery, and equipment. Most companies have insurance policies to cover losses in these areas. Market risk has to do with what goods or services you are producing. An example would be the new generation of I-phones. Is the general market going to absorb new technology or is the public becoming fatigues with the continual pressure to purchase new tech toys? Bottom line is will the existing customers continue to buy your company’s products and services.   Employee risk: I’ve seen over the years where some companies had training programs and other companies that did not have training programs waited until the employees finished the training to steal them by offering them more money since they did not have to pay for the training. This way, the second company did not have to pay for those employees who washed out of the training. Another example: In one city, SunTrust had a training program each year. Some of the smaller banks did not. So, when employees graduated from SunTrust training, the smaller banks would offer these employees more money than SunTrust since the smaller banks did not have to pay for their training. The way SunTrust tried to rectify this was in order to be invited to the training program, employees had to sign a one-year non-compete agreement. Another employee risk is OSHA, especially when working with hazardous materials or machinery. Also employee risk might be charges of wrongful dismissal, discriminatory practices, sexual harassment, and other HR related issues. Customer risk: This would include problem with the company’s products or services that might result in customer injury. Think of all the recalls for toys, automobiles, and other products. The stock price of the company might be severely affected by adverse media publicity on any lawsuits or charges. Many top management teams engage in SWOT analyses: Strengths, Weaknesses, Opportunities, and Threats. It is no good to ignore or dismiss weaknesses and threats. Weaknesses are internal issues while threats are external challenges. Smart leaders identify these growth inhibitors in advance and plan to mitigate their occurrence and/or severity. Byrd, J., Hickman, K., & McPherson, M. (2013). Managerial Finance. San Diego, CA: Bridgepoint Education Inc. This video introduces the concept of business risk and risk management. It notes that business risks can generally be classified into four categories: property, market, employee, and customer. Using each of the four categories of risk, develop an analysis of how financial management techniques or policies can be used to mitigate each of the risks. To supplement your risk analysis, you must use at least one article for each of your risk mitigation techniques or policies from the Ashford University Library.   Summarize your findings in a three- to five-page paper (excluding the title and reference pages) that is formatted according to APA style as outlined in the Ashford Writing Center. Be sure to properly cite at least four scholarly sources using APA style.   Business Risk Category References: Property: Demson, B. (2007, November). Risk and reward. Journal of Property Management. p. 18. Market: Kleindorfer, P. R., Kunreuther, H., & Ou-yang, C. (2012). Single-year and multi-year insurance policies in a competitive market. Journal of Risk and Uncertainty, 45(1), 51-78.   doi: Employee: Lermack, H. (2003). Using risk management to enhance employee training. Risk Management, 50(6), 34. Retrieved from Customer: Fox, C. (2013). Rebranding your risk management identity. Risk Management, 60(9), 28-30,32. Retrieved from


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