Among the right principles of effective risk management as stipulated in Philippine National standards 31000:2018 (PNS ISO 31000:2018), which do you think should be prioritized by a tourism related enterprise? Explain clearly and concisely.

Risk Management in Hospitality Industry Applied to Philippines

Note: when answering you must answer it below the question you must elaborate more your ideas and understanding.
Researchers Outcome

Describe the principles of risk management.
Define risk as used in risk assessment.
What Is the difference between risk identification and risk assessment?
Describe the principles of risk analysis.
Factors to consider in risk analysis.
Discuss the importance of risk analysis to risk assessment.

Explain what you have read in the attached paper provided after the question.
Why is risk management considered to be a proactive management tool in managing a business?

Among the right principles of effective risk management as stipulated in Philippine National standards 31000:2018 (PNS ISO 31000:2018), which do you think should be prioritized by a tourism related enterprise? Explain clearly and concisely.

Why is recognition and describing a business risk important?

Applying the definition of opportunity risk, why do you think that international chains of hotels and even local hotel chains are investing in. The Philippines?

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