Risk management of business in dynamic environment

Desti, Kannaiah (2012) Risk management of business in dynamic environment. International Journal of Business and Management Studies, 1 (3). pp. 483-491.

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Abstract

[Extract] Risk Management of Business (RMOB) represents a holistic approach to managing risks that a company faces in the rapidly changing business and economic environment. RMOB is gaining widespread attention from both the business and academic community. All activities of an organization involve the risks that must be managed. The risk management process aids decision making by taking account of uncertainty and the possibility of future events or circumstances (intended or unintended) and their affects on agreed objectives. Risk management is concerned with identifying and measuring the risks faced by the firm. Risk managers either may be generalists who cover several different areas, or specialists who concentrate on a single one. Many business owners rely on experience and intuition to manage risk. However, the more complex the business, the more important it is to identify risks that may prevent a business from realizing its potential. Risk Management, in my opinion, is a process of handling risk in a conscious fashion.

Item ID: 24719
Item Type: Article (Research - C1)
ISSN: 2158-1479
Date Deposited: 13 Mar 2013 04:18
FoR Codes: 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1502 Banking, Finance and Investment > 150205 Investment and Risk Management @ 50%
15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1503 Business and Management > 150399 Business and Management not elsewhere classified @ 50%
SEO Codes: 90 COMMERCIAL SERVICES AND TOURISM > 9001 Financial Services > 900101 Finance Services @ 100%
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