Risk Management in Industrial Companies
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Nowadays, in the rapidly changing world, a company’s business operations require efficiency and decisiveness. However, every form of operations is connected with certain risk, a phenomenon that is common in everyone’s everyday life, as well as in every business activity. That is why it is so important to apply appropriate management methods to calculate potential profits and losses. The article presents an overview of risk management methods for the needs of large industrial companies. The overview was based on the example of a steel mill.
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