Risk Assessment for a General Manager
In this report, we are first going to try to explain what is a risk assessment and compare it with the risk that it can involved with ageneral manager.
The risk assessment: The risk assessment is a component of risk analysis, it involves identification, evaluation, and estimation of the levels of risks involved in a situation,their comparison against benchmarks or standards, and determination of an acceptable level of risk. Risk assessment is the determination of quantitative or qualitative value of risk related to a concretesituation and a recognized threat (also called hazard). The risk assessment is part of an objective evaluation of the risk in which the hypothesis and uncertainties are clearly considered andpresented. One on the difficult part of the risk assessment is to evaluate two different evaluations of risks such as the potential of loss and the probability of occurrence. The risks of an error in themeassurment of those concepts are quiet important.
The General Manager: A General Manager has broad, overall responsibility for a business or organization. Whereas a manager may be responsible for onefunctional area, the General Manager is responsible for all areas. Most commonly, the term general manager refers to any executive who has overall responsibility for managing both the revenue andcost elements of a company's income statement. This is often referred to as Profit & Loss (P&L) responsibility. This means that a general manager usually oversees most or all of the firm's marketing andsales functions as well as the day-today operations of the business. Frequently, the general manager is also responsible for leading or coordinating the strategic planning functions of the company.The risk assessment of a General Manager: The General Manager’s job is the not one the most dangerous job that exist. If we compared with some job like a handler or builder’s laborer or any kind of...