Business Risk management is a subset of risk management used to evaluate the business risks involved if any changes occur in the business operations, systems and process. It identifies, prioritizes and addresses the risk to minimize penalties from unexpected incidents, by keeping them on track.
Explanation:
Understand that risk is opportunity. From the earliest stages of a new business idea, risk and opportunity are inseparably linked.
Answers & Comments
Answer:
Business Risk management is a subset of risk management used to evaluate the business risks involved if any changes occur in the business operations, systems and process. It identifies, prioritizes and addresses the risk to minimize penalties from unexpected incidents, by keeping them on track.
Explanation:
Understand that risk is opportunity. From the earliest stages of a new business idea, risk and opportunity are inseparably linked.
Trust the process.
Turn risk on its head.
Avoid complacency.