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BUS30016 Understanding Risk Management: - Risks are the events which can impact negatively on the smooth working of firms! Risk management is a structured approach to analysing, comprehending, and taking adequate action to decrease the impact of unplanned activities and the likelihood which may impact negatively on the efficient and smooth working of companies. This study unit puts its focus on risks which may arise in the work environment and more specifically concerning the supply chain and logistics processes. Compliance troubles will be explored as well as consideration of the environmental and social impacts of strategies of risk management.
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