ABSTRACT
Risk management is an essential element to any industry and is particularly imperative in various aspects of the healthcare sector, given the direct adverse effects that can occur to individuals being treated. Risk, generally, is elevated when factors that drive particular processes involve uncertainty, the possibility of an adverse event exists or the potential of high variance from expected performance can occur. Financial, investment risk involves uncertainties in asset performance, where some assets are characterized by the high variance of expected returns. Risk in retail can involve the potential of adverse economic events to occur which effect purchasing power of consumers, production and distribution risk includes supply chain factors, and the list goes on.
