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Published in:
2017 | OriginalPaper | Chapter
Entrepreneurial Risk Management
Published in: Effective Entrepreneurial Management
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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.