Services

Risk Management

Significant risks can accompany any and all opportunities in China – both large and small. Risk is the effect of uncertainty on your corporate objectives. ALA can help you develop a strategy to coordinate and effectively deploy resources to minimize, monitor, assess the probability of and/or control the impact of negative events.

Risks arise from uncertainty in financial markets, from project failures, legal matters, labour issues, corruption, debt, business and joint venture partners, subcontractors, accidents, natural causes and disasters as well as deliberate attacks from your competitors. Some risks that are common place in China are: a volatile business environment, regularly changing policies and legislation, legal obstacles, employee dishonesty and unpredictability, cultural differences and the lack of clear and accurate market information. Such risks directly impact employee productivity, cost effectiveness, profitability, service, quality, reputation and brand value, as well as distracting the management team from focussing on the core business.

Risk Management Strategies

Strategies to manage the risks include transferring a risk to another party, avoiding the risks in the first instance, reducing the negative effects of any risk and accepting some or all the consequences of a particular risk. We collaborate with the management team to create a tailored Composite Risk Index to better understand your company and best identify the sources of risk to your business.

We can also work with management to create an effective risk management plan which targets those risks which exceed the risk thresholds elicited by the Composite Risk Index, and agreed by management.

We will initially-