Risk Management
Definition of Risk Management Hierarchical Category as it relates to Business, Business Administration, Business Research
A field of expertise in business administration focusing on identifying, assessing, and controlling threats to an organization's capital and earnings. It incorporates elements of business research to predict and mitigate potential risks that could hinder business operations, goals, and objectives. This includes various strategies for managing risks related to the overall business environment, its markets, its customers, its reputation, and other areas of potential vulnerability.