Module Name: Risk Management Theory
Description:The Risk Management Theory skills programme provides franchise managers with a solid foundation in understanding, identifying, and mitigating potential risks that could impact a franchise's operations, profitability, and reputation. This programme focuses on the theoretical aspects of risk management, including risk identification, risk assessment, risk analysis, and the development of strategies to manage and reduce risks. Participants will learn how to apply risk management principles within the franchise environment, preparing them to handle both external and internal risks effectively.
Purpuse:To equip franchise managers with the knowledge and skills to proactively identify, assess, and manage risks that may affect their franchise business. By understanding the principles of risk management, managers will be better prepared to minimize the likelihood of negative events, protect the business's assets, and ensure the franchise's continued success. The programme aims to help participants make informed decisions regarding risk mitigation, allowing them to create a safer, more secure working environment for employees and customers.
Rational:Franchise operations are inherently exposed to a range of risks, including financial, operational, legal, reputational, and market risks. The ability to manage these risks effectively is critical to maintaining business continuity, profitability, and long-term success. Franchise managers must not only react to risks but also anticipate and prepare for potential challenges before they arise