NorQuest College ( ) • Business Administration
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BUSD 2033 1
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1. What is meant by Risk Management? Risk management is the systematic process of identifying, assessing, organizing, and minimizing risks within an organization. It entails identifying potential threats and opportunities that may have an impact on an organization's objectives, assets, or operations. The goal of risk management is to reduce negative consequences while capitalizing on positive opportunities, ultimately improving the organization's ability to achieve strategic goals while prote...
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NorQuest College•BUSD 2033
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Fundamentals of Risk Management • Clive Thompson, Paul Hopkin• ISBN 9781398602878
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1. What is meant by Risk Management? Risk management is the systematic process of identifying, assessing, organizing, and minimizing risks within an organization. It entails identifying potential threats and opportunities that may have an impact on an organization's objectives, assets, or operations. The goal of risk management is to reduce negative consequences while capitalizing on positive opportunities, ultimately improving the organization's ability to achieve strategic goals while prote...