Question

Risk management has been dignified by indigenous environment and then swallowed by the cultural values of the entire organization and killed cottage industries. Examine and diagonize the major pillars of the statement

Answer 1

Answer:

Explanation:

In the present time, there are many types of products being produced, which are made at a very cheap price compromising the quality and not considering risk management. Such cheap prices are possible because the products are produced in mass by machines and some risk elements are compromised which helps in decreasing the overall expenses of the items manufacturing, as compared to the items made with risk management in consideration.

Due to neglecting the proper risk management, there are many cottage industries who are not highlighted and the industry is being diminished due to the indigenous dignified environment.