When mitigating risks, start by reducing or eliminating those that result only in cost, essentially non-trading risks. These might include property damage risks, legal and contractual liabilities and business interruption risks, and can be thought of as the “fixed costs” of risk. Reducing these can be achieved with techniques such as quality assurance programmes, environmental [...]
It is harder to assess the risks inherent in a business decision than to identify them. Risks that lead to frequent losses, such as an increasing incidence of employee-related problems or difficulties with suppliers, can often be overcome using past experience. Unusual or infrequent losses are harder to quantify. Risks with little likelihood of occurring [...]
My name is Emily Mortimer. I'm an academy professor with a degree in economy and considerable experience in training both students and private contractors in matters of business, finances and money management.