Definitions
This is the systematic process of identifying, analyzing, evaluating, and controlling risks.
Risk Management
Market fluctuations and inflation are examples of this type of risk.
Financial Risk
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This strategy means completely avoiding a risky action.
Risk Avoidance
This means checking risks regularly and reviewing reports.
Continuous Monitoring
This term means the possibility of an event that may negatively affect objectives.
Risk
Credit problems belong to this risk category.
Financial Risk
This analysis method uses numbers and measurable data.
Quantitative Risk Analysis
This strategy means reducing the impact of a risk.
Risk Mitigation
If a plan does not work well, companies must do this.
Adjust the Plan
This type of risk is related to poor long-term business decisions.
Strategic Risk
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Employee mistakes usually create this type of risk.
Operational Risk
This step studies how likely a risk is and how much damage it can cause.
Risk Analysis
Training employees to reduce mistakes is an example of this strategy.
Risk Mitigation
Being open and honest about problems is called this.
Transparent Communication
This type of risk comes from internal failures like system breakdowns or human errors.
Operational Risk
Competition and poor strategic planning may cause this risk.
Strategic Risk
This step helps companies decide which risks are more important.
Risk Prioritization
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This means everyone takes responsibility for their actions.
Accountability
This risk category includes political instability and natural disasters.
External Risk
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Economic crises are part of this type of risk.
External Risk
This type of analysis needs clear and correct data.
Quantitive analysis
Canceling a risky market entry plan is an example of this strategy.
Risk Avoidance
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