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INTRODUCTION When managing a business hazards and threats which will become risks and cause losses or damages to businesses are always what business person care Resulting damage of hazards and threats which became risks could be to the health and safety of employees to plant equipment or an entire installation to the environment to products or to financial assets Waring 2001 For those effects of risks to business this report suggests you ways to avoidtransfer reducecontrol or treat them in case they happen to your business The report completed upon the guidance of Mr Dennis Master of Marketing PURPOSE OF THE REPORT The report is about the proposed procedure for risks management for Fifeshire Furnishings Corporation Also are there some risks management concepts to help the reader understand clearly about the importance of risks management to a business A FIFESHIRE FURNISHINGS CORPORATION I FIFESHIRE FUNISHINGS OPERATION Fifeshire Furnishings Corporation established in the Australian furniture wholesale market It began manufacturing fine upholstered furniture in 1958 SGA847 Management of Risk Learning Unit Profile Case Study 6 Managing Director Max Rayner founder Manufacturing Manager John Misser Employees This company has fine craftmen in Australia Many of these craftmen have been with the company for more than a quarter century Supplier They often import raw material for products from one supplier in United States Market segment Australia Recently they decided to expand their business overseas II PRODUCTS For more than 43 years Fifeshire Furnishings has been built superior furniture possessing the elements of luxury quality and style They have developed a distinctive collection of timeless upholstery and fine leather furniture All Fifeshire Furnishings fabric and leather selections reflect a commitment to uncompromising excellence today and in the future SGA847 Management of Risk Learning Unit Profile Case Study 6 B RISK MANAGEMENT FOR FIFESHIRE FURNISHINGS I RISK MANAGEMENT CONCEPTS 1 The Purpose of Risk Management Risk management is
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