Types of Risks in Risk Management

Businesses of every type face a wide variety of risks on a daily basis. Some inconsequential, others potentially severe. It’s how these different types of risks are identified, considered and managed that matters. The specific types and categories of risks an organisation must contend with will always differ from one to the next. Nevertheless, the identification and classification of risk represents a pivotally important step in a wider risk management strategy. From financial risk to political risk to basic workplace health and safety, risk management means taking into account every possible threat to the business. In turn, building a strong knowledge of as many risk types and classifications as possible is essential when looking to become a capable risk manager.

This insightful tutorial is ideally-suited to business owners, managers and anyone involved in risk management at any level. Study a comprehensive overview of the most important types of risks in risk management, including financial risk, market risk, credit risk, technological risk, legal risk, political risk, social risk and environmental risk. Consider both internal and internal sources of risk from a contemporary corporate perspective.