Common‐sense Risk Assessment

Abstract

Gives a brief background to risk evaluation methods and measures. Offers a simple definition of risk which may be useful to the managers. Examines risk issues relative to the statement of income, which allows a review of factors contributing to risk. Categorizes the origins of risk. Finally, provides a practical analysis and scoring system to help the analyst and manager assess risk, make decisions and manage in a risky environment.

Citation

Groth, J.C. (1992), "Common‐sense Risk Assessment", Management Decision, Vol. 30 No. 5. https://doi.org/10.1108/00251749210015607