What is Risk Management? Financial, Operational, and Reputational Risk Explained

Описание: Does your business have a strong foundation, or is it vulnerable to the elements? In this video, we visualize the three major types of business risks as a Storm (Financial), a Fire (Operational), and a Flood (Reputational).

We break down exactly what Risk Management is and provide actionable steps on how to identify, assess, and control these threats before they damage your company.

In this video, you will learn:

The 3 main types of business risk (Financial, Operational, Reputational).

The definition of Risk Management.

4 Key strategies to handle risk: Identification, Mitigation, Transfer, and Acceptance.

Why risk management is essential for profitability and longevity.

⏱️ Timestamps: 0:00 - Introduction to Risk Management 0:24 - The Storm: Financial Risk Explained 0:34 - The Fire: Operational Risk Explained 0:46 - The Flood: Reputational Risk Explained 1:00 - What is Risk Management? 1:21 - Step 1: Identifying Risks 1:32 - Step 2: Mitigating Risks (Safety & Training) 1:45 - Step 3: Transferring Risks (Insurance & Contracts) 1:58 - Step 4: Accepting Risks 2:11 - Why Risk Management Protects Your Future

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