Risk taking
Article Abstract:
Practical risk management strategies are offered by the chairman of the Virgin Group of companies in Britain, recipient of the Institute of Directors Business Enterprise Award for 1985. Strategies for minimizing risk while undertaking new ventures include: personally investigating the new business while maintaining a good management team in the core business; avoiding psychological pre-commitments; limiting the downside by financing the new company through joint ventures, and considering the possibility of getting out of the business; and keeping the business small. Finally, personal energy, commitment, and leadership should accompany decisions to take on new projects.
Publication Name: Journal of General Management
Subject: Business, general
ISSN: 0306-3070
Year: 1985
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How to manage risk with an insurance policy
Article Abstract:
It is important for risk managers to disclose the right amount of coverage valuations to insurance claimers in order to arrive at the appropriate interruption premium. It is not advisable to come up with an estimate lower than the actual risk value, since most insurance premiums are provided with a coinsurance clause which protects an insurer from inaccurate disclosures. Risk managers are encouraged to adopt common forecasting methods, such as regression, averaging and trend, in projecting their annual revenues.
Publication Name: Journal of Business Forecasting
Subject: Business, general
ISSN: 0278-6087
Year: 1997
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Planning effort as an effective risk management tool
Article Abstract:
The utility of planning processes as effective tools for risk management in the face of uncertainty during project management is discussed.
Publication Name: Journal of Operations Management
Subject: Business, general
ISSN: 0272-6963
Year: 2007
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