Published: September 12, 2012
Every business and decision involves a certain amount of risk. Risk might cause a loss to a company. This does not mean, however, that businesses cannot take risks. As disengagement and risk aversion may result in missed business opportunities, which will lead to slower growth and reduced prosperity of a company. In today's increasingly complex and diverse environment, it is crucial to find the right balance between risk aversion and risk taking. To do this it is essential to understand the complex, out of the whole range of economic, technical, operational, environmental and social risks associated with the company's activities. However, risk management is about much more than merely avoiding or successfully deriving benefit from opportunities. Risk management is the identification, assessment, and prioritization of risks. Lastly, risk management helps a company to handle the risks associated with a rapidly changing business environment.
Chapter 1  
Biometric Solvency Risk for Portfolios of General Life Contracts (II) The Markov Chain Approach
Chapter 2  
Boundary-Value Problems for Second Order PDEs Arising in Risk Management and Cellular Neural Networks Approach
Chapter 3  
Selecting a Response Plan Under Budget Constraints
Chapter 4
A Framework to Select Techniques Supporting Project Risk Management
Chapter 5
Long Memory in the Volatility of Local Currency Bond Markets: Evidence from Hong Kong, Mexico and South Africa
Chapter 6
Risk Management in Collaborative Systems
Chapter 7  
On the Very Idea of Risk Management: Lessons from the Space Shuttle Challenger
Chapter 8  
Supply Chain Security – Threats and Solutions
Chapter 9  
Dynamic Risk Management Strategies with Communicating Objects in the Supply Chain of Chemical Substances Within the European Union
Chapter 10  
IA OM® as an Enterprise Risk Management Metric
Chapter 11  
Risk Management in Business – The Foundation of Performance in Economic Organizations
Chapter 12  
Integrated Risk Management System – Key Factor of the Management System of the Organization
Chapter 13
Integrated and Personalised Risk Management in the Sensing Enterprise
Chapter 14  
Strengthening Risk Management in the Midst of Downturn Times
Chapter 15  
Risk Management on the Romanian Capital Market
Chapter 16
Importance of Risk Analysis and Management – The Case of Australian Real Estate Market
Chapter 17  
Quality Risk Analysis: Value for Money in the Pharmaceutical Industry
Chapter 18  
Project and Enterprise Risk Management at the California Department of Transportation
Chapter 19  
Risk Management in Construction Projects
Chapter 20
Sources of Risk and Risk Management Strategies: The Case of Smallholder Farmers in a Developing Economy
Chapter 21  
Improving Climate Risk Management at Local Level – Techniques, Case Studies, Good Practices and Guidelines for World Meteorological Organization Members
Chapter 22  
Risk Management at the Latin American Observatory
Chapter 23
Managing Climate Risk with Seasonal Forecasts

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