Innovations in Business and Strategic Management

Risk Management

---

Risk management is the process of identifying, assessing, and prioritizing risks that could potentially harm an organization's goals and objectives. It involves analyzing potential threats and vulnerabilities, evaluating the likelihood and impact of each risk, and determining the best strategies to mitigate or avoid them. Effective risk management helps organizations proactively plan for potential risks, reduce uncertainty, and make informed decisions. It is an essential part of any business strategy, ensuring that the organization can operate in a secure and stable environment.