4.2. Use review results to improve the treatment of risks
The review results can include the sales volume of Rio cocktail products, the reduction in the costs structure, the reduction in occurrences of identified risks are signs that the risk aversion activities has been successful. The review must include broader results of the company like sales, volumes, costs, increase and decrease in employee motivation, taxable income, brand image and value, brand equity in the market, and other intangible results that determine the occurrence of risks.
4.3. Provide assistance to auditing risk in own area of operation
The audit of risk in the area of managing the overall business of Rico cocktail can be assisted with the introduction of a fundamental activity function which includes the management style and its impact on the business. If the management is weaker, the management style will have to be changed to a more challenging one which has less affinity of producing risk.
4.4. Monitor and review management of risk in own area of operation
The monitoring and reviewing of the risk management is the fundamental activity in the measurement of the risk likelihood and how the effectiveness of the processes has been observed. The operation area of managing and administration must be measured with the assessment of checking each employees activity and observe if there is a chance of risk arising in any of their activities (Hussain, 2013). These may include accounts, payments, salaries, bill passing, quantifying products against bills, etc. These activities are in the area of administration and not assessing the activities can invite risk occurrence if any kind and may even be very large and irreparable. Thus assessing each activity must be a fundamental conduct of risk assessment.