The Need for Determining and Assessing Risk in Economic Activity

In modern terms, risk management is a concept applicable to economic agents, which represent a factor that generates economic and financial performance. In this respect, I appreciate that it is obvious that risk management is a necessity in the activity of any organization regardless of the field of activity or its objectives. Additionally, observing the procedural elements specific to the identification, analysis, quantification and assessment of the economic risk will lead to the company being correctly diagnosed and facilitates the identification of solutions for its elimination, or mitigation within the parameters of a controllable area.