Risk management should be an integral part of your business strategy. Employees or third parties who are injured while working for you can have a significant impact on your business, with costly claims and lost working hours, as well as legal issues if you haven’t met statutory requirements, like fire safety assessments.Risk management becomes even more important if your business decides to try something new, for example launch a new product or enter new markets. Competitors following you into these markets, or breakthroughs in technology which make your product redundant, are two risks you may want to consider in cases such as these. Identifying financial risk involves examining your daily financial operations, especially cash flow.

Harendra Mahapatra (born on 23rd August, 1972 in Bhuvaneshwar Urisa) took his MBA and PhD in Risk Management and Health Insurance. He began his career as a Management consultant in Bhuvaneshwar Odisha. After this he owned his own consulting company and did major process redesign projects with clients. He has attended and presented numerous papers at national and international conferences. He has been actively involved in corporate training in marketing and business communication in renowned companies.