TRANSACTION DYNAMICS AND RISKS INHERENT IN POETRY EVENTS (An Online Lecture delivered by Mr. Olumide “Olulu” Holloway)
OLULU: good evening Great people, I hope you are doing well? Tonight we are supposed to treat "The Cores of Event Planning”, but I have coined it to be “Transaction Dynamics and Risks inherent In Poetry Events”. Transaction dynamics - means the stages of an event. Here goes : Every business and activities has its risks, but risks are not meant to be avoided, after all, it is said, no pain (aka risk), no gain. Thus, risks are meant to be identified, measured and mitigated. So how do you identify, measure and mitigate risks? Simple. Start by drawing out the life cycle/ transaction dynamics of the venture. Then list the various stages and levels involved - from start to finish. At each stage, there are one or more risks involved, so list the risks out - this is identification. Try to figure out the extent of damage they can cause if they crystallize - this is measurement. The critical stage is mitigating the risk, which is how do you stop them from crystallizing...