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Entrepreneurial Risk Management

In: Effective Entrepreneurial Management

Author

Listed:
  • Robert D. Hisrich

    (College of Business Administration Kent State University)

  • Veland Ramadani

    (South-East European University)

Abstract

This chapter focuses on risks and risk management. As the risk is defined, the chapter continues with discussion of types of risk. Characteristics of risk management is then discussed along with five major risk management phases—context definition, risk identification, risk analysis, risk treatment and risk monitoring and reviewing. The chapter ends with risk evaluation strategies—risk avoidance, risk reduction, risk anticipation, risk transfer and risk acceptance.

Suggested Citation

  • Robert D. Hisrich & Veland Ramadani, 2017. "Entrepreneurial Risk Management," Springer Texts in Business and Economics, in: Effective Entrepreneurial Management, chapter 4, pages 55-73, Springer.
    • Handle: RePEc:spr:sptchp:978-3-319-50467-4_4
    DOI: 10.1007/978-3-319-50467-4_4
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    Cited by:

    1. Oana Simona Hudea & Sorin-George Toma & Marin Burcea, 2021. "A Non-Parametric Analysis of the Relationship between Business Experience and Entrepreneurial Intention of Final-Year University Students," Mathematics, MDPI, vol. 9(16), pages 1-22, August.

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