Enterprise Risk Management

Enterprise Risk Management Success in the thoroughbred instauration is mea authenticd by the profits a note receives from sell products. During the cover of making business deals, one must(prenominal) spy and understand the executable torts that may arise during each business transaction to avoid repercussions. Product liability potful be prevented by practicing good sales ethics and disclosing whatever possible defects in the product. Laws and codes that protect both the consumer and business atomic number 18 in place. These laws and codes establish a guideline for businesses to follow during the course of each product being change. Our team will attain dominance drop tort violations from the Product Liability video. warm Takes Video purchased a video editing system from nonlinear Pro (Pearson system Publishing, 2010). nonlinear Pro faces several liabilities beca arrange session of the big product it sold to Quick Takes Video. The potential tort risks that arise are misrepresentation, negligence, spoilt product, defective design, defective manufacture, and failure to warn. The NonLinear Pro sales representative do false statements concerning how easy the program is to learn, and the time it would fool the employees to put on the system up and running. The equipment had harmful, sharp metal parts, make the promoter to cut herself.

The program did not accommodate the computer entrepot needed to edit high-resolution videos effectively and constantly crashed. NonLinear Pro provided a program that did not live up to its standards. Before purcha sing the program, the manager should have co! nsulted with his staff and utilise the 7-step process to avoid the current situation. Our team will manipulation the 7-step process to apply the risk precaution process to patch up the business risk associated with the violations. Element 1 The first element is management commitment (Harb, 2008). Management commitment includes making sure you gravel employees input, encouraging leadership, having a strong governance social organization and...If you pauperism to get a full essay, order it on our website: BestEssayCheap.com

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