Risk Management in E-Commerce
Risk management is the process of mitigating risks to limit their impact on the health of a business. What are The Components of Risk Management? For risk management to be effective, it must be systematic, structured, collaborative, and cross-organizational. There are several ways to categorize an effective risk management process’s constituent elements, but it should […]
Risk Identification in E-Commerce
Risk identification is identifying potential business risks and analyzing them to learn about their effects on the business. Risks come in many forms for businesses and different industries may have different risks. For example, a software development company and a construction company may share the risk of losing revenue if they don’t upgrade their tools […]
Buisness Risk in E-Commerce
Business risk is the exposure a company or organization has to factor(s) that will lower its profits or lead it to fail. Anything that threatens a company’s ability to achieve its financial goals is considered a business risk. Types of business risks * security and fraud risk – eg identity theft, embezzlement to the firm. […]