Manajemen Risiko Agribisnis ( kelompok 2)

Summary

In this video, Ayu Eka Suci and her group discuss risk management in business, focusing on agribusiness. They define risk management as a structured approach to handling uncertainty, categorize risks based on nature, transferability, and origin, and outline the stages of risk management, including identification, evaluation, and control. A case study on Sengon farming illustrates the impact of external factors like climate and market prices on productivity. The video emphasizes the necessity of effective risk management strategies to achieve organizational goals and minimize potential threats, making it essential for sustainable business practices.

Takeaways

• 😀 Risk management is a structured approach to managing uncertainty related to various threats in business activities.
• 😀 Traditional risk management focuses on physical or legal risks such as natural disasters, fires, and mortality.
• 😀 There are three main types of risk: speculative risk (which can yield both profit and loss), pure risk (which can only result in loss), and risks based on their transferability.
• 😀 Transferable risks can be passed to insurance companies in exchange for premiums, while non-transferable risks cannot be insured.
• 😀 Internal risks originate from within the company, like operational errors or equipment failure, while external risks come from outside factors such as theft or political changes.
• 😀 The first step in risk management is to identify potential risks that a business might face.
• 😀 After identifying risks, evaluating their likelihood and impact is crucial for effective risk management.
• 😀 Risk control involves eliminating risks entirely, minimizing their impact, or transferring them to other parties.
• 😀 Quality control measures can help minimize risks associated with product failures.
• 😀 Agribusiness risks include price fluctuations and climate change, which significantly affect productivity, as seen in the case study of Sengon farming.

Q & A

What is risk management?

Risk management is a structured approach or methodology for managing uncertainty related to threats arising from a series of human activities, including risk assessment, strategy development, and mitigation using available resources.

What are the key components of traditional risk management?

Traditional risk management focuses on risks arising from physical or legal causes, such as natural disasters, fires, and fatalities.

How can risks be categorized?

Risks can be categorized into three types: speculative risks, pure risks, and risks based on transferability.

What are speculative risks?

Speculative risks are situations faced by companies that can result in both profit and loss.

What is a pure risk?

A pure risk is a situation that can only result in loss or no change; it cannot yield a profit.

What is the difference between transferable and non-transferable risks?

Transferable risks can be delegated to another party, typically through insurance, while non-transferable risks cannot be insured and are usually speculative.

What steps are involved in the risk management process?

The steps in the risk management process include identifying potential risks, evaluating each risk, controlling the risks physically or financially, eliminating risks, minimizing risks, retaining risks, and transferring risks.

What does it mean to transfer a risk?

Transferring a risk involves shifting the potential financial burden of that risk to another party, such as an insurance company.

What factors can lead to risks in agribusiness?

In agribusiness, risks can arise from falling prices, changes in weather or climate, pest infestations, and management issues.

What is the conclusion regarding risk management in agribusiness?

The conclusion is that risks pose threats to achieving organizational goals, and risk management efforts aim to minimize these risks through rules and actions aligned with investment policies and internal controls.