Patrick Wiget
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Effective Risk Management. How can appropriate practices assist in minimizing risk?

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Essay from the year 2019 in the subject Business economics - Business Management, Corporate Governance, grade: 67, University of Salford, language: English, abstract: This paper will analyze the concept of Risk Management. The main aim lies in discussing how Risk Management can be achieved in the most effective way and additionally, who, in an organization, will take responsibility for an effective management. It will be argued that the question of how responsibility is distributed within an organization is central to the effectivity of Risk Management. How is the risk measured, ranked and out...