Entrepreneurial Risk Management

  • Robert D. Hisrich
  • Veland Ramadani
Part of the Springer Texts in Business and Economics book series (STBE)


This chapter focuses on risks and risk management. As the risk is defined, the chapter continues with discussion of types of risk. Characteristics of risk management is then discussed along with five major risk management phases—context definition, risk identification, risk analysis, risk treatment and risk monitoring and reviewing. The chapter ends with risk evaluation strategies—risk avoidance, risk reduction, risk anticipation, risk transfer and risk acceptance.


Fundamental risk Pure risk Risk Risk acceptance Risk anticipation Risk avoidance Risk management Risk reduction Risk treatment Speculative risk 


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Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  • Robert D. Hisrich
    • 1
  • Veland Ramadani
    • 2
  1. 1.College of Business Administration Kent State UniversityKentUSA
  2. 2.Faculty of Business and EconomicsSouth-East European UniversityTetovoMacedonia

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