Risk management: Risk management refers to the management process of how to minimize the adverse effects that risks may cause in a project or enterprise in an environment where there is definitely a risk. Risk management is very important for modern enterprises. When companies face market opening, the lifting of laws and regulations, and product innovation, they all increase the degree of change and volatility, which in turn increases the risk of operations. Good risk management helps reduce the probability of making mistakes, avoid the possibility of loss, and relatively increase the added value of the enterprise itself.
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