Internal risks are considered controllable by the owner. Therefore, the risk factor can be greatly reduced with a program of identification, prioritizing and action. Action is customarily in the form of training or changing policies and procedures to reduce the associated risk. In general, internal risks are grouped into either financial or operational in nature.
Vertical integration in business refers to the process of gaining control over more steps of the product production stream. Whenever a business obtains or can greatly influence any one of these steps along the process […]