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Definition: Operational Risk Management is a continual process that includes risk assessment, risk decision making, and implementation of risk controls, which results in acceptance, mitigation, or avoidance of risk. |
More on risk management: Behavioral Risk Management, Credit Risk Management, Disaster Management, Event Chain Methodology, Risk Appetite, more on risk management... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic.
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