
The 5 Components of Risk Management
Every business must contend with risks, some chosen deliberately and others an inherent part of the environment in which the business operates. Founding a business, launching products onto the market, employing people, collecting data, building systems—these are all essential to growing a successful business. They are also all sources of risk. But a business doesn’t thrive for long if it fails to balance risk-taking with risk mitigation. That’s the role…