Running head: MONEYPLAYS BANK
Managing a business enterprise is a tricky process that is punctuated with risk factors that
a new manager has to deal with. These factors affect both new and existing managers but tend to
be more pronounced for those interacting with a new environment such as is the case with the
takeover of MoneyPlays Bank. In order to facilitate effective and efficient running of the
MoneyPlays Bank financial institution, it is pertinent to ensure that every risk is identified,
assessed and mitigated where possible. One type of risks associated with this business enterprise
is the potential failure of poor adaptation between the new manager and the current organization
culture. It is paramount that every manager in business understands the risks involved in running
a business and endeavor to mitigate these risks so that the firm can be successful. To this end, the
main types of risks that the new enterprise has to deal with are; the possibility of incurring bad
debts, operation and commodity risks. These are elaborated upon in the subsequent section
(Allen , 2012).
Risk is a measure of uncertainties that are likely to occur while undertaking the activities
of a business enterprise such as MoneyPlays Bank. It is measured in the form of probability
which is the possibility that an identified potentially unwanted scenario shall occur and can be
expressed in term...
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