There are generally flaws in four types of serious management areas in finding and considering business risks.
One: Knowing what the possible risks actually are.
Two: The size, types and pitfalls of accounts receivable collections.
Three: Salary excesses, their fringe costs and how they can be controlled.
Four: Existing and potential production problems and where they can be regulated .
What compounds these problems in many organizations, large or small, is the inability to adequately recognize them early on. And to monitor them, while managing their potential risks on an ongoing basis.
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