Abstract
The business risk is a topic that is very rarely spoken, but that is essential for those who have to make decisions concerning the life of a company: incorrect choices can shortly lead to business failure. Basically important is the activity of the Risk Manager. It is oriented to identify, evaluate, manage and control corporate risks. The efficacy of risk management also depends on the information available for the decision: more information available, the best risk response. To effectively manage risks, a systematic and organized approach is required and specific methodologies and techniques are needed. In this paper we will propose the method of utility function: an effective and efficient method to deal with business risks by limiting its negative effects.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: International Journal of Advanced Engineering and Management Research
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.