Michael Saltzstein Sheds Light On the Distinguished Aspects Of Risk Management
Even though risk management has emerged as an indispensable element of the commercial landscape, not many people are well-versed with its specific elements. According to Michael Saltzstein most people think that risk management simply deals with identifying, assessing and controlling any kind of economic, social or physical threat faced by an organization. However, so is not the case. Risk management goes way beyond simply transferring the risks or minimizing its overall negative effects. It also involves the elements of risk avoiding, risk taking and structured planning for any contingencies.