Risk management
Definition of Risk Management : management emerged from the field of Corporate Insurance Buying and it’s now acknowledged as a unique and important element for all businesses and organizations. Risk management can be either a full-time job for one person or for a whole section within a company. People who are responsible for pure risk management are known as risk managers. Simply put, risk management is a way to protect one’s assets. It can be defined as an organized process used by management to deal with the risks faced by the company.