Risk is defined as calculation forecast emergence of negative events (hazards)
that cause loss or calculation forecast emergence of positive events
(opportunities/chances), which bring us benefits .
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| Risk is a condition in which there is a possibility of negative deviations from the desired outcomes that we expect or hope will happen. In terms of business, risk is an unfulfillment of desired business objectives and it must include threats and opportunities from the environment that can potentially contribute to the growth and development of the company, but prevent development, and thus endanger the very survival of a company. |
by Dr Gordana Colovic
by Dr Gordana Colovic
Garment industry
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