Entrepreneurial Risk Management

Robert D. Hisrich and Veland Ramadani
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Robert D. Hisrich: College of Business Administration Kent State University
Veland Ramadani: South-East European University

Chapter 4 in Effective Entrepreneurial Management, 2017, pp 55-73 from Springer

Abstract: Abstract This chapter focuses on risks and risk management. As the risk is defined, the chapter continues with discussion of types of risk. Characteristics of risk management is then discussed along with five major risk management phases—context definition, risk identification, risk analysis, risk treatment and risk monitoring and reviewing. The chapter ends with risk evaluation strategies—risk avoidance, risk reduction, risk anticipation, risk transfer and risk acceptance.

Keywords: Fundamental risk; Pure risk; Risk; Risk acceptance; Risk anticipation; Risk avoidance; Risk management; Risk reduction; Risk treatment; Speculative risk (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-319-50467-4_4

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DOI: 10.1007/978-3-319-50467-4_4

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