Difference between revisions of "Risk management"
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According to [[Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition)]], | According to [[Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition)]], | ||
:[[Risk management]]. Involves the management of unpredictable events that have adverse consequences for a firm. | :[[Risk management]]. Involves the management of unpredictable events that have adverse consequences for a firm. | ||
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| + | According to the [[HRBoK Guide]], | ||
| + | :[[Risk management]]. Assessing and preventing threats. The process of analyzing potential threats and deciding how to prevent them. | ||
==Related concepts== | ==Related concepts== | ||
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*[[Introduction to Financial Management]]. | *[[Introduction to Financial Management]]. | ||
| − | [[Category: Financial Management]][[Category: Articles]] | + | [[Category: Financial Management]][[Category: Articles]][[Category: Management]] |
Revision as of 12:06, 21 July 2020
Risk management is management of unpredictable events that have adverse consequences for a firm.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Risk management. Involves the management of unpredictable events that have adverse consequences for a firm.
According to the HRBoK Guide,
- Risk management. Assessing and preventing threats. The process of analyzing potential threats and deciding how to prevent them.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
