In today’s rapidly evolving business environment, effective risk management is more critical than ever. Companies face a variety of risks that can impact their operations, financial health, and reputation. From market fluctuations to cyber threats, the ability to identify, assess, and mitigate risks is essential for sustaining business growth and achieving long-term success. This article explores the fundamentals of risk management, its importance, and strategies to implement a robust risk management framework.What is Risk Management?Risk management is the process of identifying, assessing, and prioritizing risks that could negatively impact an organization. It involves developing strategi...