“When we take a risk, we are betting on an outcome that
will result from a decision we have made, though we do not
know for certain what the outcome will be.”
Peter L. Bernstein
Against the Gods: The Remarkable Story of Risk
Welcome to Graser Consulting’s Introduction to Risk Management. Entrepreneurial activity is inseparably mixed with uncertainty and risk. The aim and object of risk management is to identify the risks for the company and its operations early on, assess them, and limit them to such an extent that the economic benefit outweighs the risks. There are various definitions of risk and many kinds of risk topics filling hundreds of books with each offering specialised knowledge. However, there is a central theme to risk and risk management. This e-learning aims to provide a concise introduction tho the modern economic view of risk, an overview of the different risk types and to outline the key concepts guiding all aspects of risk management. After completing this course, participants will be able to explain the modern economic definition of risk, understand the different risk types and illustrate how risk is a burden to society overall. Therefore will be equipped with the knowledge to proceed further to more specialised risk topics such as, enterprise risk management.