Strategic Management - What is Risk Management? (With Real-World Examples) | From A Business Professor

Risk management is an essential aspect of running a successful business. Whether you work for a large company with an entire risk management department, or you are a small business owner who needs to investigate risk management yourself, risk management is a very important factor for your success. Your overall objective should be to make your company as safe as possible, prepared for the likelihood of a financial, physical, or technological problem. So what is risk management? What are the most common types of business risks? How to handle those risks? Are there some real-world examples? In this video, I will discuss these questions with you.