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Book chapter
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Reference no. BEP6616
Chapter from: "Risk and Win!: A Simple Guide to Managing Risks in Small and Medium-Sized Organizations"
Published by: Business Expert Press
Originally published in: 2018

Abstract

This chapter is excerpted from 'Risk and Win!: A Simple Guide to Managing Risks in Small and Medium-Sized Organizations'. If you think 'risk management' is a bit of meaningless management-speak, this is the book for you. The World is full of risks and they all need managing. In fact, we all manage risks all the time whether well or badly. Every decision we make involves making some assessment of the risks involved. Risk management is simply an attempt at doing it more explicitly, scientifically and, hopefully, effectively. In this book, you learn more about the 'Why' and the 'How' of risk management, and you will find some examples of how not to do it. I have tried to explain it in everyday language and show how it can be applied in a small business to your advantage.

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Abstract

This chapter is excerpted from 'Risk and Win!: A Simple Guide to Managing Risks in Small and Medium-Sized Organizations'. If you think 'risk management' is a bit of meaningless management-speak, this is the book for you. The World is full of risks and they all need managing. In fact, we all manage risks all the time whether well or badly. Every decision we make involves making some assessment of the risks involved. Risk management is simply an attempt at doing it more explicitly, scientifically and, hopefully, effectively. In this book, you learn more about the 'Why' and the 'How' of risk management, and you will find some examples of how not to do it. I have tried to explain it in everyday language and show how it can be applied in a small business to your advantage.

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