what is risk

 

WHAT IS THE RISK?

Risk is defined as “the harbinger of future losses of a country or a business”.

Key features of risk

- The emergence of new dangers beyond our control,

- The rapid growth of the danger beyond our control,

- Inability to control the direction of development,

- The time to turn into a crisis is unclear,

- Threatening the organization under our control despite us.

risk perception

- First of all, the managers of the institution must perceive the risks that may arise for the institution in a timely and accurate manner.

Risk management studies

- To follow the internal and external developments that will adversely affect the institution, continuously and scientifically. (without being emotional)

- Perceiving possible dangers in a timely and accurate manner,

- To measure the perceived dangers as accurately as possible,

- To produce preventive measures against the dangers it senses; even turning danger into opportunity

determine the ways

- Sharing risk management studies with other studies,

radiate,

- To inform the institution managers about the developments in a timely manner.

Managers turning risk into opportunity

This type of manager sniffs risk and immediately takes a bad breath of risk. If risk management has been established before, it makes it work more effectively.

If there is no risk management, risk management is created quickly. He takes all the necessary measures in a timely manner. Shares the danger of risk and the measures taken with the employees. It makes them more alert and more alert to risks.

With these studies, it creates an environment where risk turns into an opportunity, not a crisis. The manager who does these can both protect the institution he manages from possible dangers and ensure that the institution takes a step forward.

Balances that create economic risk

The risk, which is the harbinger of the crisis, manifests itself with the deterioration in the economic balance of a unit. The improvement of economic balances eliminates the risk. These balances are calculated in each country and their progress is followed. Countries make their economic balance calculations in quarterly quarters. The year-end account covers 12 months.