Risk as we may know, is an inherent aspect of human nature and general living. Whatever you do, there is a measure of risk involved.

The possibility that a loss may occur in an investment, or actual revenue may be far less than projected target, or staff may respond adversely to an organisational change from what was envisioned, are some of the risks peculiar to business environments.

Where it may not necessarily make good business sense to ignore such investments due to perceived losses, it is advisable to identify the risks, weigh them (do a cost-benefit analysis), and decide which one of them to take on, bearing the available resources to deal with them as they arise.

These available resources may vary from financial, human, to technological, intellectual e.t.c., and while they are not intended to eliminate the attendant risks completely, they should be effective enough to minimize, monitor and control the occurence of any eventualities. This will help to maximize the embedded opportunities.

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