GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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loss of business partners, decrease in customer confidence
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overall system failures, product distribution failures
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robbery, embezzlement, computer crimes, vandalism, job related illness and injuries
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weather threats, diseases, accidents
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stands for Strengths, Weaknesses, Opportunities and Threats Analysis a useful tool in the decision making process in various situations for businesses and organizations
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Detailed explanation-1: -Reputational damage can result in loss of revenue, loss of business partners, employee turnover, and loss of confidence from the board and stakeholders responsible for your corporate governance. These events can also leave your company vulnerable to lawsuits, or force you to provide compensation to those affected.
Detailed explanation-2: -Reputational risk is any sort of threat or danger that can damage the good standing of your business and negatively impact your reputation with consumers and overall business success. These risks are typically unexpected and can occur with little to no warning.
Detailed explanation-3: -What is reputational risk? Reputational risk is the damage that can occur to a business when it fails to meet the expectations of its stakeholders and is thus negatively perceived. It can affect any business, regardless of size or industry.
Detailed explanation-4: -The biggest problem with reputational risk is that it can erupt out of nowhere and without warning. Reputational risk can pose a threat to the survival of the biggest and best-run companies and has the potential to wipe out millions or billions of dollars in market capitalization or potential revenues.