Eiminating Risk
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There is a tendency in the U.S. to eliminate as much risk and danger as possible to consumers from the products they buy and use. As a manager, do you think such a goal may also have some negative effects on your business environment? Can you point to instances or provide examples when such an approach might prove unwise?
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The solution discusses eliminating risk.
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RISK REDUCTION ITS EFFECT ON BUSINESS/MARKETING PERFORMANCE
Business organizations aim to maintain their customers by continuously improving their products and services. One way of making them satisfied is reducing the danger or the degree of risk from the said products. However, there are instances when such a strategy will only end up losing a large number of clients and customers.
A particular example is in the case of a department store, a bank, or any kind of business establishments. Because of the intention to protect the customers and ensure their safety inside the establishment, the management doubled the number of security officers and even went to the extent of coordinating with the government ...
Education
- Bachelor of Science in Business Administration, University of the Philippines
- Master in Business Administration, Saint Mary's University
- Doctor of Philosophy in Education, University of the Philippines
- Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
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