Social Risk

The risk is defined as the possibility that events will occur and affect the achievement of strategy and business objectives. To mitigate risk, companies have to develop risk management systems. Risk management systems fundamentally aim to address uncertainty in the market place. Their primary goal is to create controls and countermeasures that minimize or eliminate the disruption, loss, or damage to business operations and shorten the recovery time from an unwanted event and, thereby, reducing its impact on business