Risk Assessment Strategies in Business

This assignment delves into the crucial topic of risk assessment within a business context. It identifies several key risks faced by organizations across various sectors, including health and social care, highlighting issues like operational discontinuity, innovation gaps, and environmental impact. The document then proposes strategies to mitigate these risks, emphasizing the importance of skilled workforce development, innovative tool implementation, and systematic research for effective risk management. Furthermore, it explores the role of self and group awareness in achieving organizational goals and objectives.

Risk of management

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Ways in which diversity impact on work and work relationship...........................................1
Benefits of diversity...............................................................................................................1
Need for inclusivity, cultural safety and cultural competence...............................................2
Necessary for staff reflect on their own individual and cultural characteristics, biases and
prejudices................................................................................................................................2
How diversity should be valued and accommodated.............................................................3
How effective and mutually relationship is beneficial that build with work mates, clients and
families...................................................................................................................................3
How overcome communication barriers................................................................................4
Individual and cultural needs of clients that can be accommodated and respected...............4
Methods that are used to prevent, overcome and manage the cultural conflicts....................5
Strategies that used by people to improve own self and social awareness.............................5
Risk management plan...........................................................................................................6
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
In every business unit, risk management is the important aspect that assists to determine
aims and objectives at workplace. Future of the company develops in the large market that assists
to develop effective results in the enterprise. Close consideration also ascertain that needed to
perform different activities at business environment (Dobler, Lajili and Zéghal, 2014). In this
context, present report based on the community services which determines several kinds of
services to deal with effective functioning at workplace. For gaining insight knowledge of the
report, it focuses on the diversity which could be impact on the work and its relationship.
Furthermore, it covers benefits of diversity which make effective results at workplace. Moreover,
it includes methods to prevent and overcome cultural conflicts in the business. At last, it
determines strategies that used by the enterprise and improves self and social awareness at
workplace.
MAIN BODY
Ways in which diversity impact on work and work relationship
Diversity is the presence of people in the wide range of backgrounds who possess
different characteristics. Different age group, race, ethnic origin, etc. elements considered in the
business that impact on the work performances (Pritchard and PMP, 2014). Following are certain
ways in which diversity work and impact on work and work relationship:

 Diversity management: Diversity management is the important concept that emerged for
more diverse and cause to become diverse. In order to manage diversity work, companies
typically involves diversity training and proactively management of work.
 Diversity benefits: There are several benefits exist that recognised and well managed
diverse workplace. In this aspect, employees are represented basic make-up of the
community population (Cromie, Liston and Demosthenous, 2013).
 Diversity challenges: In respect to ascertain several activities at workplace, group of
people work together with several differences. Therefore, diverse training is very
important for the process.
Benefits of diversity
Diversity consists several benefits that assists to create effective functioning at
workplace. In this regard, diverse perspective inspire with creativity and innovations. Cultural
influences the way in which world can be see. There are several viewpoints develop with wide
range of experience. Hence, it creates breed creativity and drive on the innovations that assists to
solve problems and meet with customer demand. In addition to this, it also creates benefit for the
local market knowledge and insight knowledge for competitive and profitable aspects at
workplace. Multicultural workforce also give important edge to expand operations in the new
areas (Chung, Baek and Lee, 2017).
Need for inclusivity, cultural safety and cultural competence
In respect to develop effective functioning, cultural competence develops which design to
support and expansion of the business with taking participants' awareness to gain insight
knowledge. Therefore, it is needed to gain knowledge and communicate effectively with free of
cultural ignorance. Cultural safety is the another important perspective that assist to develop
effective functioning at workplace towards the business operations and outcomes. Over the past
several decades, it can be stated that inclusivity is the important element that assists to enhance
better about the diversity program to make environment inclusive. From several years, every
enterprise determines their work to create diversity in the workforce. As results, it brings benefits
to several businesses and ascertain decisions for the better market position (Dabbebi, Badonnel
and Festor, 2015).
In addition to this, cultural safety also included in this aspect that assists to make
successful decisions for attain strategic goals. It helps to improve organisational outcomes with

stronger bottom line. Minority is the issue which could be impact on the group performances of
people. Therefore, fundamental aspects will be develop in systematic manner at workplace.
Necessary for staff reflect on their own individual and cultural characteristics, biases and
prejudices
In respect to develop effective functioning, cultural awareness is the important
perspective that assists to meet with goals and objectives in systematic manner. With this regard,
individual needs and preferences has been develops that assists to meet with goals and objectives
in systematic manner. It contributes major part to assess risks and effects of prejudice. Cultural
characteristics strongly influences to thoughts, belief, etc. which could be impact on the
organisational to relate with others. Little cultural understanding create long way to solve issues
and problems at workplace. In addition to this, cultural are constantly changing and developing
over the time which influence through different aspect such as local environment, geographical
boundaries, etc.
In addition to this, cultural aspects also provides blueprint for living which develops ideas
about the appropriate values and behaviours. Culture also determines different kinds of things
such as sleeping, wearing, eating, living, etc. Therefore, it determines ideas of cultural that is
useful to explores and understanding the concept. In respect to make sure that there is no place
which is important to visible aspects of culture. Hence, it is necessary to create differences
between different people (Dobler, Lajili and Zéghal, 2014).
How diversity should be valued and accommodated
In the growing business world, Diversity signifies much importance to the business in
their effective growth and benefit of the company. Diversity recognizes the different attributes of
different people in the company which could be of skills, talent, linguistic, cultural and the
diverse minds of people. It helps in the performance and changing rate of the business, most
commonly the culture company values the difference to the same level neither more nor less to
the employees of the company this is accommodated to really improve the quality and to handle
the workforce of the company. Person coming from different demographics would understand
the market segments and the present situation, not only to understand the needs of the customer
but also to balance the workforce of the company so that it would give profit to the business. For
the better functioning of the business diversity should be valued and accommodated so that it

would make employees feel comfortable and secure enough which gives employees confident to
work make prior the work & give their best in the company (Chung, Baek and Lee, 2017).
How effective and mutually relationship is beneficial that build with work mates, clients and
families
In the present time, mutual understanding and relation effectively affect the success of the
human endeavour in usual and the business life. Eventually in families also there is need of
mutual bonding with each other so the there would less form of conflicts and disputes in the
family and it would make a family happier and healthy. In the business form, there is compulsion
of relationship between the employees to reduce the workforce and to make rapid improvement
in their performance. This is also applicable for clients also, relation should be maintained with
the clients the more you know the client the more you will be able to understand the need of the
client and also to know the nature of the client so that employees can behave as per the client
mood (Pritchard and PMP, 2014).
How overcome communication barriers
In an organisation there are many problems faced by the company the most important
hurdle is the communication barrier which effects much for the sharing and maintaining relation
in the organisation which could also affect the company directly to overcome the barriers certain
steps should be followed:
 To share the point of view before communication so that it will clarify the difficulties
which could appear
 Discussion before the sharing or communicating to the employees which could helps in
removing faults in the combination
 Convey the language which could be easily understood and manage the communication
message in soft tone.
 Listen to the query and ensure the proper feedback with consistent message
Individual and cultural needs of clients that can be accommodated and respected
Clients for the company would demand much of the individual as well as cultural needs
according to the situation, it is needed to feel comfortable while dealing to the organisation.
Clients usually appeals for best relationship and behaviour of the employees so client would feel

comfortable. The organisation should provide all facilities and amenities the client needed as
such:
 Special treatment and friendly behaviour to the regular clients
 Clients should be emotionally attached to the company
 To avail safety and health protection of the client and their family
 To have elderly respect in the organisational
 Awareness of proper listening of the individual client problem
 Giving perfect and immediate solution to the clients
 To respect the morale values of client
 Care and support as per their need that could in case of age, gender or any of the issue
 Client should not be discriminated on behalf of caste, creed and colour
Methods that are used to prevent, overcome and manage the cultural conflicts
In order to solve the issues and problems, there are different methods has been used by
the organisation to work in significant manner. In this regard, conflicts also resolved in
systematic manner at workplace. Workplace conflict highly impact to the performances of
employees and organisation as well. Therefore, manager need to concentrate on the causes that
create impact on the organisation. In this regard, different reasons are exists such as
miscommunication, relationship issues, leadership style and work expectations.
Miscommunication is the problem which could be impact due to most common conflicts.
Further, different personality also impact on the performances of the businesses (Dobler, Lajili
and Zéghal, 2014).
In this regard, different methods and ways exists in front of business that assists to solve
issue and prevent cultural conflict at workplace. Therefore, the business need to learn every
client culture that make creative aspect in the business unit. It also taking a lot time for
conducting research. Another person culture create impact on the performances and outcomes.
Therefore, business need to concentrate it. Further, the business need to promote appreciation of
cultural differences that assists to share aspects of cultural program in systematic manner. In this
regard, communication will be develops with particular aspect of the business. It is the
systematic process to accomplish desired results (Chung, Baek and Lee, 2017).

Strategies that used by people to improve own self and social awareness
There are several aspects exists in which self awareness will be improve in systematic
manner at workplace. In this regard, business could understand and respond towards the needs of
other. With the help of improving the social skills, people will gain respect to other and apply
ideas on the systematic review of activities. In this way, emotional intelligence determines
through social awareness that assists to accomplish goals and objectives. It includes basically
four kinds of capabilities such as self awareness, self regulations, social awareness and
relationship management. Social awareness is the ability to understand and respond towards the
needs of other people. It could be a third domain which regard to emotional intelligence
proposed by different author (Pritchard and PMP, 2014).
With the help of different strategies, people can improve their self and social awareness
that assists to meet with effective functioning at workplace. In this regard, each employee need
to understand their skills and capabilities that can be improves through listening skills. It is the
systematic view that make proper attention to create interaction with different people. Further,
each member need to improve their ability to understand other people that are exists in the
business environment. Moreover, with the help of identifying emotional state of people, they
need to listen very carefully to make respond towards the external events (Dobler, Lajili and
Zéghal, 2014).
Risk management plan
In respect to solve the problem of dental lab, following plan will be considered to
determines systematic results.
Risk
No.
Risk
Catego
ry
Risk
descrip
tion
and
inform
ation
source
Curren
t
mitigati
on
action
Likelih
ood (1-
5)
Impact
(1-5)
Risk
rating
likeliho
od
(impact
)
Accept
able
rating
Mitigati
ng
respons
e
Cost in
(£)
1 Reducti
on of
To
solve
Provide
proper
2 4 14 No All
incident
45

accident
with
implem
ent
illness
and
safety
for
some
incident
s
this
issue,
proper
security
manage
ment
needed
regardin
g safety
of
people
facilitie
s to
solve
issues
and
problem
s that
are
faced at
home
incident
s
s that
are
faced in
health
and
social
care and
other
areas
will be
solve
2 Preventi
on of
operatio
nal
disconti
nuity
and
reductio
n of
associat
ed cost
Due to
lack of
knowle
dge and
skills
operatio
nal
activitie
s get
affected
by the
differen
t
activitie
s that
are
existed
in the
New
skilled
workers
appoint
ed so
that
proper
function
ing will
be
develop
in
systema
tic
manner.
4 3 15 yes Proper
preventi
on
needed
to
perform
activitie
s
68

business
3 Need to
implem
ent new
and
innovati
ve
improve
ments
With
innovati
ve tools
proper
safety
will be
manage
d at
workpla
ce
Innovati
ve tools
are
implem
ented
that
helps to
make
proper
solution
towards
the
issues.
5 2 17 No Proper
systema
tic
research
conducti
ng that
helps to
make
systema
tic work
perform
ance
75
4 Environ
mental
impact
issues
related
with
resource
s use
and
manage
ment
Proper
safety
requires
in the
environ
ment
element
s so that
negative
impact
will be
reduces
at
workpla
ce
Proper
manage
ment of
the
safety
activitie
s
needed
at
workpla
ce that
assist to
make
sure
proper
environ
3 5 Yes Increasi
ng
activitie
s to
make
innovati
ve tools
and
techniqu
es
89

ment
will be
manage
d
CONCLUSION
From the above report, it can be concluded that there are several elements exists in risk
assessment that exist in business. Furthermore, it summarized about the strategies that assists to
meet with effective functioning in the business unit. Therefore, goals and objectives will be
undertake in systematic manner at workplace. Moreover, it articulated about the different
methods that assists to meet with goals and objectives of the organisation in systematic manner.
At last, it includes several methods through self and group awareness will be ascertain in
systematic manner at workplace.

REFERENCES
Books and Journals
Chung, S.R., Baek, J.H. and Lee, J.H., 2017. Ultrasound-Pathology Discordant Nodules on Core-
Needle Biopsy: Malignancy Risk and Management Strategy. Thyroid. 27(5). pp.707-713.
Cromie, S., Liston, P. and Demosthenous, V., 2013. Human and organisational factors training as
a risk management strategy in an aviation maintenance company. CHEMICAL
ENGINEERING. 33.
Dabbebi, O., Badonnel, R. and Festor, O., 2015. An online risk management strategy for VoIP
enterprise infrastructures. Journal of Network and Systems Management. 23(1). pp.137-
162.
Dobler, M., Lajili, K. and Zéghal, D., 2014. Environmental performance, environmental risk and
risk management. Business Strategy and the Environment. 23(1). pp.1-17.
Pritchard, C.L. and PMP, P.R., 2014. Risk management: concepts and guidance. CRC Press.
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