MANAGEMENT RISK
\mˈanɪd͡ʒmənt ɹˈɪsk], \mˈanɪdʒmənt ɹˈɪsk], \m_ˈa_n_ɪ_dʒ_m_ə_n_t ɹ_ˈɪ_s_k]\
Definitions of MANAGEMENT RISK
Sort: Oldest first
-
The process of minimizing risk to an organization by developing systems to identify and analyze potential hazards to prevent accidents, injuries, and other adverse occurrences, and by attempting to handle events and incidents which do occur in such a manner that their effect and cost are minimized. Effective risk management has its greatest benefits in application to insurance in order to avert or minimize financial liability. (From Slee & Slee: Health care terms, 2d ed)
By DataStellar Co., Ltd
Word of the day
dust storm
- a windstorm that lifts up clouds of dust or sand a windstorm that lifts up clouds dust or sand; "it was the kind of duster not experienced in years"