Business risk comes in a variety of tangible and intangible forms over the course of the business life cycle. Some risks occur during the ordinary course of business operations, while others are due to extraordinary circumstances that are not easily identified. Regardless of a company's business model, industry or level of earnings, business risks must be identified as a strategic aspect of business planning. Once risks are identified, companies take the appropriate steps to manage them to protect their business assets. The most common types of risk management implemented in business include avoidance, mitigation, transfer and acceptance.
Read more: What are some examples of risk management techniques? | Investopedia http://www.investopedia.com/ask/answers/050715/what-are-some-examples-risk-management-techniques.asp#ixzz4Lj7YxZ49
Follow us: Investopedia on Facebook