risk management has been a disconnected function, risks do not always fit into categories quite neatly.
An example would be business interruption at a plant, this has finance, marketing, and reputational implications beyond the effects on production and also, the applicability of the property
insurance policy.
The growing recognition that co-ordinating and financing all facets of organisational
risk effectively, is critical for the maximization of success.
Scholars have observed that it cost much more to manage risk individually