Risk management minimizes potential threats from "summary" of The Business Book by DK
Risk management is a critical aspect of any business operation, as it involves identifying, assessing, and mitigating potential threats that could impact the organization. By proactively addressing these risks, businesses can avoid or minimize the negative consequences that may arise from various uncertainties. Threats come in many forms, including financial, operational, legal, and reputational risks. These risks can arise from internal factors within the organization, such as poor decision-making or inadequate processes, or external factors like economic fluctu...
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