Risk management (casa study of British American Topacco Pls(BAT)) Essay

Risk management (casa study of British American Topacco Pls(BAT)) - Essay ExampleIn the grade 2009, the subsidiaries of the comp some(prenominal) enabled global governments to earn over 26 billion in a financial category from taxes together with excise duty on their product. The subsidiary companies of BAT operate in 41 countries producing through with(predicate) 50 cigarette factories around 724 billion amounts of cigarettes. The comp some(prenominal) employs around 60,000 people globally. The organisational decisions are make retentiveness in view certain policies, strategies, standards, and delegated authorities. The benefit of local stakeholders to a business is the pivotal point in any organisational decision. The management of BAT is as well as conscious about their operating responsibilities as they produce products which mystify venture related to the health aspects. The company works coherently with thousands of global tobacco farmers. These attributes have made the c ompany a leading global giant in the tobacco industry. In this report, the inherent risks associated with any organisation will be analysed. Stakeholders benefit is a significant part of any business. They are broadly speaking concerned about their losses and gains from any business before investing in it. Therefore, the manager of any business has to try and mitigate any risks related to any business for shareholders to keep faith in the organisational business policies and initiatives and thus enabling them to consider making further investments into the business. The corporate governance process also is an built-in part of any business organisation, as they have to carry out their financial activities as well as their organisational activities keeping in view the regulations of corporate governance (British American Tobacco, n.d.).Risk is an integral part of any business venture. Therefore, there is a need to properly manage risk in order to maximise the benefits from a busines s and reduce the damage which may be caused due to the risk associated with it. Risk management is a very