In today’s business environment, approaching financial risks, such as market, credit, and operational uncertainties, in a professional manner is becoming increasingly important. It is crucial to monitor and manage all types of qualitative as well as financial risks. A holistic approach to risk management enables a company to have a high level of awareness of, as well as uniformly assess, professionally manage and suitably control all of its risks.
Discussions on risk management generally tend to focus on the negative effects (“left tails”) of risks. The same attention ought to be paid to the profitable zone as well. Modern management is based on an integrated approach, which takes into account and permanently monitors both the success and risk factors of a business strategy.