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Economic risk management – meaning, types and processes to manage

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Economic risk management – meaning, types and processes to manage

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  1. Economic risk management – meaning, types and processes to manage

  2. INTRODUCTION • Recognizing potential economic risks • Examining the risk • And hence coming up with steps of precautions to curb it • Leads to a loss in business • Due to macroeconomic situations

  3. Taxes • Interest rates • Market prices • Minimum wage • Materials cost • Rates of duty • Exchange rates • Government regulations • hyperinflation WHAT ARE THE DIFFERENT TYPES OF ECONOMIC RISKS?

  4. Identification of the economic risk • Examine and analyze the economic risk • Rank and evaluate the economic risk • Plan and treat the economic risk • Review and monitor the economic risk PROCESSES OF MANAGING ECONOMIC RISK

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