The MVS network connects the business of appraisal and lender evaluations with technology and local appraisers. This will allow you greater energy to focus on revenue enhancement and expand your market. Since risks are associated with business objectives, the organization, and the external environment, the number of strategies to deal with risk is almost infinite. But even with effective preventive controls, some risks do materialize. Many companies have effective controls to mitigate losses once they occur.
Insurance is another form of risk control.
For risks that materialize as losses, insurance can limit financial exposure or spread cost. Then, the prudent course of action usually is to drop the opportunity from further consideration. For example, a commercial aircraft company may decide to abandon plans to develop a new generation of wide-body jets because management assessed the cost of development as too high in relation to the market share and revenues that the company would likely command. Alternatively, a new generation of wide-body jets might present high opportunity and manageable risks for a stronger competitor. Weaker competitors have both lesser opportunities to select from and greater limits on the risk exposures they can afford.