Current Fashions in Risk Management

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Risk management takes place organizations with the use of different tools and approaches. This six page paper looks at three approaches which have become popular over the last few years. Firstly the concept of enterprise risk management is defined and examined. Secondly, the role of culture in risk management is discussed. Lastly, the utilization of strategic partnerships to reduce risk, and the use of increased collaboration in partnerships to reduce exposure to risk. Eight sources are cited in the bibliography.