Playing now

Playing now

What is risk management?

Glossary definition

What is risk management?

 

Risk management

In technology, risk management is where businesses identify, assess and control threats to their capital and earnings. Businesses need to take risks to grow and develop, and risk management is needed to minimize threats and maximize the benefits risk can achieve. Risks include financial uncertainty, legal liabilities, and natural disasters.

Subscribe to the Sage Advice Newsletter

Get a roundup of our best business advice in your inbox every month.