Jun
11
Risk in Start-up Business
June 11, 2011 | 2 Comments
Risk is always present in business. Any business ventures carry both a significant amount and diversity of risks. In many businesses and companies however, risk management is taken for granted. There is also a lack of understanding on what constitutes risk management.
In most cases, risk management is thought to be limited to just liability insurance. In reality, risk management can encompass a much broader business scope.
Apr
28
Risky Management?
April 28, 2011 | Leave a Comment
All human activity involves risk. As such, great lengths are taken to monitor/minimize potential risk as well as monitor/maximize opportunities.
Risk management is the identification, assessment, and prioritization of risks, followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of mal-factors.
Yet even in risk managment, being a human activity in itself, there are areas prone to risks.