What are the different types of business risk management? - ENGINEERING MANAGEMENT

Businesses face all kinds of risks, some of which can cause serious loss of profits or even bankruptcy. But while all large companies h...

What are the different types of business risk management?

What are the different types of business risk management?

Businesses face all kinds of risks, some of which can cause serious loss of profits or even bankruptcy. But while all large companies have extensive "risk management" departments, smaller businesses tend not to look at the issue in such a systematic way.
So in this four-part series of tutorials, you’ll learn the basics of risk management and how you can apply them in your business.

In this first tutorial, we’ll look at the main types of risk your business may face. You’ll get a rundown of strategic risk, compliance risk, operational risk, financial risk, and reputational risk so that you understand what they mean, and how they could affect your business. Then we’ll get into the specifics of identifying and dealing with these risks in later tutorials in the series.

1. Strategic Risk
2. Compliance Risk
3. Operational Risk
4. Financial Risk
5. Reputational Risk

0 Comment: