Modern Risk Management in Business

Modern risk management in business involves a comprehensive and proactive approach to identifying, assessing, and mitigating various risks that an organization may face. It goes beyond traditional financial risk management and encompasses a wide range of potential threats, including operational, strategic, compliance, and reputational risks. We can also say that, modern risk management in business is a holistic and integrated process that aims to protect an organization's assets, reputation, and long-term viability.

This book is a complete guide covering below topics
1. Introduction
2. Fundamentals of Risk Management
a. Definition of Risk and Risk Management
b. History and Evolution of Risk Management
c. Risk Management Process
d. Benefits of Risk Management
e. Types of Risks
i. Strategic Risks
ii. Operational Risks
iii. Financial Risks
iv. Compliance Risks
v. Security and Fraud Risks
vi. Reputational Risks
3. Risk Identification and Assessment
a. Risk Identification Techniques
i. SWOT Analysis
ii. PESTLE Analysis
iii. Brainstorming
iv. Scenario Analysis
v. Bow-Tie Analysis
vi. Risk Checklists
vii. Interviews and Surveys
b. Risk...