Chapter 24
Managing Risk in a Risky World
In This Chapter
• Why risk management has become so important
• Types of risk businesses face
• Tools of risk analysis and risk management
• How to discuss risks so that colleagues will listen
Risk management has become a topic of great concern to managers at all levels in companies large and small. That’s because organizations face more, and more severe, risks than in the past.
Risk management doesn’t mean avoiding all risks. Risk management cannot eliminate risks, nor can it prevent all disasters, failures, and bad outcomes. But it can minimize the chances and effects of bad outcomes and can accelerate an organization’s recovery from disasters.
This chapter explains how. It examines the nature and practices ...

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