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Risk Management: Role and Importance in Business Organization
Abstract
The issue of risk has accompanied human activity for thousands of years. During this time people have learned to define, describe and deal with risk in such a way that the effects of its impact are mitigated as much as possible. That does not mean that they have succeeded, or ever will succeed, in eliminating risk. It was, is and will be one of the key aspects of organizations and business entities and activities aimed at preventing and limiting the consequences of its occurrence are required. For such actions to be effective it is necessary to know risk and how to handle it. Therefore the basis of the chapter are methodical and practical aspects relating to issues of risk management and proceedings in the event of its occurrence.
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