MANAGING RISKS IN BUSINESS

Risk management involves the various ways in which the business is able to prevent what may cause a potential loss. The ways include:

1. Employing experienced personal i.e. those that can predict a risky situation
2. Maintaining and upgrading technology so as to change with change in customer taste.
3. Extensive training of workers, more especially on risk causing factors this helps the enterprise to minimize risks.
4. Maintaining adequate security e.g. by employing security guards,
5. Installation of fire extinguishers,
6. Using strong pad locks, fences, strong doors etc.
7. Taking insurance policy to cover against various risks e.g. accidents, diseases, fire etc.
8. Acquiring emergency equipment e.g. standby generator
9. Putting switches in visible places etc.

• Providing writing (warnings) to every corner of the enterprise e.g. along the walk ways, building

 Question:

You are involved in a business that is dealing in producing and exporting of meat products and it has come to your notice that there is increasing loses in the business:

• Develop security guidelines to be observed by all workers in your enterprise.
• Develop safety guidelines to be followed drivers of the enterprise vehicles.

NB: When providing guidelines, one should maintain, or use simple tense or use the word shall.

                                KAMYA POULTRY FIRM

                                    P.O. Box 78 KAMPALA

                                           SECURITY GUIDELINES

1. All workers shall be trained on how to use fire extinguishers.
2. Every visitor shall be thoroughly checked at the entry by the company security personnel.
3. All workers shall arrive at 8.00 a.m. and departure is at 5:p.m. every day.
4. No worker shall be allowed to carry his or her bag beyond rest room etc.
5. All workers` activities shall be assigned by the supervisor and every worker is to report to his/her supervisor.
6. Workers shall be trained and retrained on security guidelines such as use of protective gears.
7. All workers shall wear business uniform that have their names and work title.

                            KAMYA POULTRY FIRM

                               P.O. Box 78 KAMPALA

                                     SAFETY GUIDELINES FOR DRIVERS

1. No company driver shall be allowed to drive company car under the influence of alcohol.
2. No driver shall be allowed to use a company car unless authorized by the person in charge of transport.
3. No driver shall be allowed to drive over the recommended speed limits.
4. Every driver shall be encouraged to use the seat belts whenever he/she is driving.
5. Before the company van is on the road, it shall first be serviced.
6. All company vehicles shall always be inspected from time to time to ensure that they are in good condition.
7. Every driver shall observe the road signs and instruction, whenever he/she is driving.