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Business Operation Risk

Risk is inherent in any business, and the distilled spirits industry has no shortage of uncertainties and hazards in its day-to-day business activities. Operational risk, however, is dependent upon human error and the actions of your employees. A risk-management strategy that focuses on management decisions and ignores staff operations can leave you with a dangerously high risk level. This course gives you the knowledge you need to identify your operational risks, develop appropriate control systems, and understand the consequences of ignoring these risks.

Learning Outcomes
1. Identify operational risks in the spirits industry
2. Develop control systems to ensure staff are following the correct procedures
3. Understand the probability of risk of management choices and the consequences of the worst-case scenario