Despite the impossibility for a company to foresee all the risks inherent in its project, the entrepreneur can detect some, the most frequent ones. Managing these risks requires the establishment of a strategic study. Before determining the stages of risk management, it is essential to determine its principles. Risk Management Principles Risks can be defined as a hazard that affects wealth and decisions. Risk management translates as a process for evaluating the benefits and costs of reducing risk and choosing the appropriate solutions. The decision must take into account the…
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