1Developments in risk security

Kurt J. Engemann

Understanding risk

Unanticipated crises can lead to immense negative consequences for businesses. Analyzing these risks and making appropriate decisions regarding them is very challenging but necessary to generate requisite security. A framework for risk management suggests that threats can lead to crisis events which can result in significant losses.

An important principle of risk management is that while risks cannot be eliminated, they can be controlled, thus organizations benefit from effective crisis management that should cover their entire enterprise. The most important goal of risk management is to preserve life and to provide safety, and failure to plan properly can not only be detrimental ...

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