Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
981283 | Procedia Economics and Finance | 2014 | 5 Pages |
Abstract
Risk management is a key component of strategic management in any organization, ensuring an effective management of potential opportunities and adverse effects of different risk categories. Risk management involves a number of decisions needed to be taken to relieve the effects of a disaster, meaning less danger to human life, destruction of assets and environment. The first step of this strategy is to acquire an evaluation of the risks involved.
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