Article uploading- Risk management
How to create a business risk management plan for your company Running a business comes with many types of risk. They can have negative impact, positive impact, or both. Some of these potential hazards can destroy a business or cause serious damage that is costly and time-consuming to repair. Other risks may represent opportunities. Companies invest time and money in business risk management but often treat it as a compliance issue with rules and regulations for employees to follow. This approach is limited: rules-based business risk management alone cannot diminish either the likelihood or the impact of a disaster and can also lessen your ability to seize business opportunities that may involve some degree of risk. What is business risk management and why is it important? Business risk management is a subset of risk management which evaluates, prioritises and addresses the risks involved in any changes to your business operations, systems and process...