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Showing posts with the label risk management quotes

Risk Management Tips, Quotes, Tools

business risk Running a business is not a smooth process, given the amount of risks it is faced with. A business must have a risk management plan in place and be prepared for delays or shortages in inventory, natural disaster, intentional or unintentional activities, loss of labor or skilled staff, obsolete products, ever-growing competition, and workplace injury liability, among other types of risks. Risk management is therefore an important part of running a business smoothly. “ Business people need to understand the psychology of risk more than the mathematics of risk ,” says Paul Gibbons. Risk Management Quotes 1.        “If you don’t invest in risk management, it doesn’t matter what business you’re in, it’s a risky business.” – Gary Cohn 2.        “The key to risk management is never putting yourself in a position where you cannot live another day.” – Richard S. Fuld 3.        "All courses of action are risky, so prudence is not in avoiding danger (it’s impo