You are the Chief Risk Officer for a company and you’ve been tasked with identifying the areas where your company is exposed to systematic and unsystematic risks.
Based on the information you learned this week, what approach would you take in explaining how systematic and unsystematic risks affect risk planning?
- Describe your approach.
- Name 3 or more systematic or unsystematic risks your company might face.
- Think of some implications if your company decides not to be proactive and plan for these risks. Include credible references.