Risk Management/Strategy
A key supplier goes out of business. Hackers compromise a computer system. A top executive takes a job with another business. A product is recalled. All of these events can affect a company’s bottom line. Risk management is about anticipating problems of all kinds and developing strategies that minimize their impact.
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The risk manager in a large corporation often holds an executive position, but risk management is no less important to small businesses. Risk management programs help managers at all levels of an organization protect their company’s assets.