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VOL. 7, ISSUE 3 (2022)
Risk management: An essential component of contemporary business
Authors
Dr. Balbhadra Prasad Dewangan, Dr. Pushpa Dewangan
Abstract
Every firm faces a
variety of dangers in the modern day. Risk is a crucial component of every
business, be it governmental or private company. No company can succeed in its
business if it doesn't take risks. More risk equals more success, and vice
versa. In India, risk management is a contemporary trend. This essay explains
risk management's definition, kinds, and advantages. It also demonstrates how a
company may gradually adopt risk management. This paper's main goal is to discuss
risk management as, in the current competitive business climate, a company
cannot function and survive without risk management.
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Pages:98-100
How to cite this article:
Dr. Balbhadra Prasad Dewangan, Dr. Pushpa Dewangan "Risk management: An essential component of contemporary business". International Journal of Advanced Research and Development, Vol 7, Issue 3, 2022, Pages 98-100
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