Wednesday, 2 July 2014

BUS 519 WK 1 DQ 1 What is Risk?

BUS 519 WK 1 DQ 1

What is Risk? Risk management is an important issue in the current dynamic business environment. There have been constant debates on the definition of risk management. Initially, many people were of the view that risks result in a bad outcome. However, this perception has been disputed. It has emerged that there are positive risks, which may lead to a positive outcome. Basically, people agree that risks emanate from uncertain situations, and the risk is the effect of that uncertainty on the achievement of the organization’s goals and objectives. Ultimately, it has been agreed that some uncertainties may be helpful while others may adversely affect the organization.  

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