Global Operations Management

Introduction By the definition in the dictionary, risk is "the possibility of suffering harm or loss" (American heritage dictionary 2004). Risk Analysis is "a procedure to identify threats and vulnerabilities, analyze them to ascertain the exposures, and highlight ways in which the impact can be eliminated or reduced" (Disaster Recovery World 2002). One of the benefits of risk analysis is that an organization can prevent and deal with the potential loss in order to enhance the success …

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