introduction : risk & risk management (class August 18Th,2011)

- risk can be defined as any issue that impacts an institution's ability to meet its objective

- risk can be said as the different what the company expect & what really happen 

- risk management should consider both threats and opportunities 

RISK MANAGEMENT : DEAL WITH PURE RISK, ANTICIPATE POSSIBILITIES AND ACCIDENTAL LOSSES, DESIGN AND IMPLEMENT PROCEDURES THAT MINIMIZE THE OCCURRENCE OF LOSS