Performance management survey

1. Performance management survey
There is always a risk involved in running a company. There is always a possibility of
running into losses in a business. Risk to a large extent can prove fatal at times to a
business when things go awry and low chance may also prove costly as a lot of amount
has to be spent in limiting chances.
Risks significant in nature are often ignored or kept hidden by corporations. The best way
to assess these hidden or ignored risks is the survey of the managerial level people and
the staff professionals hired by the organizations. There is a survey called Business Risk
Assessment survey which collects the relevant information of the company including the
possible unforeseen risks or the threats that a business can face. It also collects the
business related all information from the employees hired by the company and merge
with it with the other risks faced by an organization.
The risks undertaken by the company should be clearly visible so that the human,
financial and the intellectual assets of the company can be protected at all times. The
main goal of the survey is not only to get rid of uncertainty from the business but also
rather taking all the possible factors into account assess them and manage them for the
benefit of the company.
To run a business successfully and a productively this assessment survey is a very
essential tool. At all the levels this critical tool helps the management to identify, assess
and manage the various threats a business faces.
• Broad spectrum risks to the business.
• Inefficient tools and processes which help in identifying and assessing risk significance.
• Unsuccessful in identifying and taking remedial actions
• Reckless spending to evade risks
• Dodging risks leads to miss profit making opportunities.
• Risk failure leads to reputation impact and financial losses.
• The solution to assess and manage risks at suitable levels is provided by Risk
Assessment Surveys.
• Sharpens focus on specific risk evaluations according to your organization needs.
• It collects suggestions and information from all possible sources in identifying and
calculating risks.
Profits can be increased significantly and earnings can be made more predictable
consistently by identifying the possible risks and assessing them at every suitable level.
Few are the following that have been identified, assessed at various levels and managed
using the technique of Business Risks Surveys:

2. Risk posed by employees, competitors and customers in form of legal suits, Status of the
organization, Competitions, Investments, Accounting, Economy, Customer (Reliance on
key clients and chances of losing them), Accidents, Insurance (too little or too much
insurance), Hiring, Business decisions, Service portfolio/Product risks, Product
development/Innovations, Availability/ Capacity utilization, Risk of losing customers due
to service and product problems, Continuity/Business interruption Stocks, Legal and
Regulatory compliance, Theft and fraud, Weather/Environmental risk, Safety and health,
Outsourcing, Supplier, Information, Technology, Fiduciary, Abuse-Bias and diversity,
Key employees and management succession, Facilities
http://performanceappraisalebooks.info/ : Over 200 ebooks, templates, forms for
performance appraisal.