Risk Management in Business was a presentation delivered by Equinox CEO and Director for Economics Services, Bernard Mallia at LEAD Events’ Management Expo 2013.
The presentation started off with a history of how risk and its analysis were developed and how they evolved over time. Through an exercise, it went on to show that even in today’s day and age, risk is not as well understood as many people would like to believe and risk preferences are widely inconsistent.
The quantitative and qualitative schools of thought were then presented to participants and the limitations of both identified, followed by some examples of risk within different industries. This was then followed by examples of frameworks that could be utilised in business contexts and an explanation of the risk management process and risk management strategies.