Purchase Solution

concept of Risk Management

Not what you're looking for?

Ask Custom Question

Discuss the concept of Risk Management, both in general (as it relates to you in your personal life) and relative to a business venture.

Purchase this Solution

Solution Summary

Discuss the concept of Risk Management, both in general (as it relates to you in your personal life) and relative to a business venture.

Solution Preview

In general terms, the concept of Risk Management is concerned with all those activities aimed at eliminating the risks associated with our personal lives or if not completely eliminate, at least mitigating their negative impact on our personal lives. In other words, risk management tries to minimize the harm caused by unforeseen events in our life which may arise in today's uncertain world.

The concept can be extended to business venture as well, wherein risk management is an integral part of the overall management activity, given the fact that today's business environment is extremely dynamic, ...

Solution provided by:
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
Recent Feedback
  • "Thank you. "
  • "Thank you"
  • "Thank you. I got 20/20 last week for my discussion you help me out with."
  • "Thank you. Great Job. "
  • "Thank you. Great Job. "
Purchase this Solution


Free BrainMass Quizzes
Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Operations Management

This quiz tests a student's knowledge about Operations Management

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.