Introduction
Every business assumes certain risks at any point. While most people start businesses with an outlook of success, there is a chance that such businesses will not take off and succeed. Going on under such circumstances is assuming the aforesaid risks. While this is a very simplistic approach, risk management is much more complex. Dr. Kallman, a maestro of risk management has authored several articles regarding the techniques used in risk management. Other authors offer varying approaches and techniques to risk management. Heinz-Peter Berg is another scholar whose approaches to risk management are revered. The two scholars agree that businesses ought to ...