Risk Management
Every business and decision involves a certain amount of risk. Risk might cause a loss to a company. This does not mean, however, that businesses cannot take risks. As disengagement and risk aversion may result in missed business opportunities, which will lead to slower growth and reduced prosperity...
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| Format: | Online |
|---|---|
| Language: | English |
| Published: |
IntechOpen
2021
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| Subjects: | |
| Online Access: | ONIX_20210420_9789535107477_1560 |
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| _version_ | 1869528321177419776 |
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| collection | Directory of Open Access Books |
| description | Every business and decision involves a certain amount of risk. Risk might cause a loss to a company. This does not mean, however, that businesses cannot take risks. As disengagement and risk aversion may result in missed business opportunities, which will lead to slower growth and reduced prosperity of a company. In today's increasingly complex and diverse environment, it is crucial to find the right balance between risk aversion and risk taking. To do this it is essential to understand the complex, out of the whole range of economic, technical, operational, environmental and social risks associated with the company's activities. However, risk management is about much more than merely avoiding or successfully deriving benefit from opportunities. Risk management is the identification, assessment, and prioritization of risks. Lastly, risk management helps a company to handle the risks associated with a rapidly changing business environment. |
| format | Online |
| id | doab-20.500.12854ir-66202 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | IntechOpen |
| publisherStr | IntechOpen |
| record_format | ojs |
| spelling | doab-20.500.12854ir-662022024-03-30T12:53:27Z Risk Management Banaitiene, Nerija Operational research thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJT Operational research Every business and decision involves a certain amount of risk. Risk might cause a loss to a company. This does not mean, however, that businesses cannot take risks. As disengagement and risk aversion may result in missed business opportunities, which will lead to slower growth and reduced prosperity of a company. In today's increasingly complex and diverse environment, it is crucial to find the right balance between risk aversion and risk taking. To do this it is essential to understand the complex, out of the whole range of economic, technical, operational, environmental and social risks associated with the company's activities. However, risk management is about much more than merely avoiding or successfully deriving benefit from opportunities. Risk management is the identification, assessment, and prioritization of risks. Lastly, risk management helps a company to handle the risks associated with a rapidly changing business environment. 2021-04-20T15:36:41Z 2021-04-20T15:36:41Z 2012 book ONIX_20210420_9789535107477_1560 9789535107477 9789535151319 https://directory.doabooks.org/handle/20.500.12854/66202 eng image/jpeg n/a https://www.intechopen.com/books https://mts.intechopen.com/storage/books/2175/authors_book/authors_book.pdf IntechOpen IntechOpen 10.5772/2568 10.5772/2568 78a36484-2c0c-47cb-ad67-2b9f5cd4a8f6 9789535107477 9789535151319 IntechOpen 598 open access |
| spellingShingle | Operational research thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJT Operational research Risk Management |
| title | Risk Management |
| title_full | Risk Management |
| title_fullStr | Risk Management |
| title_full_unstemmed | Risk Management |
| title_short | Risk Management |
| title_sort | risk management |
| topic | Operational research thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJT Operational research |
| topic_facet | Operational research thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJT Operational research |
| url | ONIX_20210420_9789535107477_1560 |