Manage Risk

Risk Management

Table of Content
Assessment 2
Assessment 3
References

Assessment 2
Unilever is famous British Dutch multinational consumer good company which offers wide
variety of products and service such as ice cream, beverage, beauty products, personal care and
many more.
Respective company offer their products and services at the internal level so it is essential for
them to conduct risk management because through that they can develop proper strategies and
plans accordingly.

Cont.…
While developing a risk management plan Unilever need to consider analysis of several aspects
such as micro analysis, micro analysis and so o.
By conducting PESTEL analysis Unilever management able to determine impact of political,
economical, social, technological, environmental and legal on the business operations and
functions.

Cont.…
Management of Unilever also determines their strengths and weaknesses by concerning with
internal and external stakeholders and for that they conduct SWOT analysis.
Respective company also determine requirement of risk management which help in developing
process or procedure for resolving it in effective manner at workplace.

Assessment 3
It is very much potential for an organization to evaluate the risk and associated other factors as it
directly influence the organizational works and activities. In context of Unilever which is one of
leading organization of international transactional consumer goods and service provider in the
whole world. By accessing the risk organization can be able to build strategies and tactics that
helps to save various kinds of expenses and losses in potential manner.

Cont.…
Here are the factors that largely contributes in risk assessment in desirable manner:
Internal and external stakeholders: while accessing the risk it is very much potential to provide
information and also take suggestions from them as it helps in accumulating potential knowledge
from them.

Cont.…
Identification of risk: It is very much potential for organization to collect information of risk and
ways to overcome from the risk factors in potential manner. In context of Unilever the identified
risk from the article is supply chain. Due to not effective supply chain organization can not able
to supply products in right time to right consumers that directly influence organizational works
and activities.

References
Bodie, Z., Kane, A. and Marcus, A.J., 2015. Portfolio management. McGraw Hill/Learning
Solutions.
Williams, A.M. and Baláž, V., 2015. Tourism risk and uncertainty: Theoretical
reflections. Journal of Travel Research, 54(3), pp.271-287.
Hong, I.B., 2015. Understanding the consumer's online merchant selection process: The roles of
product involvement, perceived risk, and trust expectation. International Journal of Information
Management, 35(3), pp.322-336.

Thank You