Risk Management in Contemporary Business World

Running head: RISK MANAGEMENT
Risk Management
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1RISK MANAGEMENT
Mind Map
Figure 1: Mind Map for Safety Case
Source: (Created by the Author)
Summary
The various business enterprises because of the complexity as well as the dynamicity
of the contemporary business world face diverse kinds of risks which affect the prospects of
their business in an adverse manner. Bottani, Monica and Vignali (2009) are of the viewpoint
that these risks not only cause loss of valuable property and other kinds of harm to the
organization but more importantly they end up taking the lives of the employees of the
organizations as well. In addition to these, it is seen that the workers are also exposed to
various kinds of health hazards which can become disastrous for them in the longer run
(Haimes 2015). Thus, there is a need for not only the identification, assessment but at the
same time the effective mitigation of these risks.