What is risk management?

[Johnson2468]

Risk management is the process of identifying, assessing, and controlling threats to an organization's capital and earnings.

 

[Magnus2022]

Risk management can be defined as methods or strategies adopted by companies or organizations to circumvent some threat to their existence. One of the best risk management strategy is insurance.

 

[Shavkat]

The business term is associated to managing any risks that a company would face. These risks need to be addressed right away to refrain from having big problems.

 

[hastral45]

This is ability to control and managed any risks that is likely to occur. Those precautionary steps taken to forestall the occurrence of risks.

 

[uptrendfinancialsignal]

Risk management is very important in the progress of your business you must involve risk management in each and every business you want to do.

 

[jetsaints30]

You gotta identify what could go wrong, and then put measures in place to reduce the impact of those risks. Its like having a backup plan in case things dont go as planned.

 

[Heatman]

It's all about the method of identification, analysis, and response to risk factors that form a big part in day to day running of the business to make sure to stay about too much cost.

 

[Springtime]

Risk management is the process of identifying, evaluating financial, legal, and security risks to an organization’s capital and earnings. These risks may be caused by a number of factors including financial uncertainty, legal liabilities, accidents and natural disasters.

 

[eldavis]

I still see it as a process where a company or organization is able to control the effects of risk to ensure minimum effect on the business.

 

[uptrendfinancialsignal]

Risk management is understanding the intricacies of the business and knowing how to boycott the necessary risk in the business.

 

[Golden9]

Every business will face risks, but you need to learn and adapt to overcome them. Risk management are strategies you use for this, and it can be subtle or direct, small steps or big decisions.

 

[Heatman]

Every business will face risks, but you need to learn and adapt to overcome them. Risk management are strategies you use for this, and it can be subtle or direct, small steps or big decisions.

This is why I make sure to study the strength, weakness, opportunities and threats that faces it before I jump into the business.

 

[Reedex]

There is need for proper risk management in each and every business is if the business owner needs to grow.

 

[uptrendfinancialsignal]

This is why I make sure to study the strength, weakness, opportunities and threats that faces it before I jump into the business.

Risk management is very necessary for businesses because it is the most important thing to take note of.

 

[riberet19]

Basically, risk management is knowing or analyzing the risk involved in an investment/business in question and how it can develop in the future according to different aspects, and how much money you should put into it accordingly.

 

[Bisolami]

Basically, risk management is knowing or analyzing the risk involved in an investment/business in question and how it can develop in the future according to different aspects, and how much money you should put into it accordingly.

Risk management is a way to curb risk or a way to reduce the risk that you are going to be facing in your business

 

[Niyi Briggs]

Businesses are risky in general and some businessses have their own particular risk factors. You have to weigh them and put plans to mitigate against them in case they occur.

 

[Reedex]

Proper risk management skills is needed for anyone want to be successful in business

 

[cherry123]

Risk management can be described as the process of identifying, assessing, and controlling threats to a business. you just have to find ways by which you can manage all the risks of the business

 

[Heatman]

Risk management is very necessary for businesses because it is the most important thing to take note of.

If you don't manage the risk that is involved in your business, you will always find yourself getting into some certain business transaction that you are not supposed to get into which will end up making you to lose more money.