The difference between financial risk and business risk is implied.© BrainMass Inc. brainmass.com March 21, 2019, 4:53 pm ad1c9bdddf
Risk is an aspect of any organization's operation. When it is recognized, understood, and managed, risk can set the stage for sustainable growth. Companies need identify risk within their operations and plan a systematic approach to managing it.
According to www.anao.gov.au:
"Effective risk management contributes to better decision-making because it develops a deeper insight into risks and their potential impact. It is a structured and disciplined approach: it aligns strategy, processes, people, technology, and knowledge with the purpose of evaluating and ...
Contrast financial risk and business risk.