Risk is the probability of not achieving a certain goal or outcome. It is the degree of uncertainty of occurring of an effect of some event. Risk and regulation have to be managed together. Let’s talk in general terms. There come risks in many stages of our lives but is it good to leave everything behind because of the fear of that risk. Haven’t you heard, there is success after risk? There are great people who if had not taken any risk would not have got so much far. At least we are sure about this that if taking risk will not make us successful then it will make us lose? There is no other probability isn’t? Then why not regulate the risk and make a win win situation?
Risk and regulation are two important aspect of today business and they certainly cannot be ignored. Without regulation, risk can make you come across too many hard consequences. However, if risk is not taken at all, then the business can paralyse. You may lose a number of opportunities for which you will be repenting later. Therefore, risk and regulation need to be managed together.
A very important aspect of a business is financial risk management. Getting your organization into financial crisis means you are going to end your career. If certain steps seem to be risky then a framework should be developed in the light of all the regulations and procedures so that your organization could survive the compromising phase.
Each organization always has a team of financial professionals. This team needs to look into the company’s assets and then provide a layout for growth. With proper regulation of growth activities, risk can be avoided. There is always a risk of losing something good but if there are plenty of alternatives created then even if the most preferred one is not achieved then there will at least be decent options available. This is called regulation of risk which is important for each organization as well as individual. If goals of life are backed by some regulations then there will never be a fear of losing anything.
Great people always have plan B in their heads in order to overcome from potential loses. If you think you can become successful without any proper planning then you are dreaming. There will be risks everywhere but the key would be to regulate work in such a way that these risks would harm you in no way.