Importance of identifying risks

Importance of Identifying Risks

Importance of Identifying Risks

The company is conventionally defined as a complex system, and open to its environment; due to which it is exposed to different risks. Risk identification and its management is an integral part of an organization's strategic management. From the time a business starts up to the time it is mature, the process of identifying risks and in the market and managing them through various instruments is a regular activity for successful business owners. The importance of risk management cannot be overstated. This is a fundamental part of doing business that must ...