Risk management
Business risk
Nature/ Description of Risks
Cluster Concerned
Risk Mitigation
Capitals impacted
Unpredictability of local and global markets
| Continuous monitoring of market position and adjustment to market demand.
All
Severe competition
| Innovation to maintain competitive edge. | Investment in promotional campaigns. | Strengthening customer relationships.
All
Natural calamities
| Constant monitoring of safety and health procedures in place. | Contingency provisions for all Real Estate programmes. | Necessary insurance covers. | COVID-19 screening for employees. | COVID-19 screening for guests and handling of suspicious cases. | Cleaning security equipment and work stations. | Social distancing. | Sanitary measures. | Vaccination programme and biosecurity measures in place in the Agribusiness cluster.
All
Disease outbreak
All
Poor feed and water quality affecting production in the poultry business
| Regular feed quality control. | Water sampling to avoid contamination.
Agribusiness
Operational risk
Nature/ Description of Risks
Cluster Concerned
Risk Mitigation
Capitals impacted
Theft/accident/ aggression on site Need for constant renovation and upliftment of properties
| Security personnel and CCTV at strategic locations. | Necessary insurance covers. | Regular investment to upkeep buildings. | Adequate funding to maintain the standards required to mitigate operational disruption and negative reputational impact. | Fire & Allied Perils Insurance. | Proper equipment maintenance scheduling and procedures. | Appropriate insurance covers.
All
Real Estate Hospitality Sports & Leisure
Risk of failure of critical equipment
All
67
Made with FlippingBook - professional solution for displaying marketing and sales documents online