RISK Management: A Business Fundamental.
Alaska Business Monthly › Vol. 16 Nbr. 8, August 2000
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RISK Management: A Business Fundamental.
If you think money management is all it takes to keep your ship afloat, consider the Titanic. After the first ocean liner was built about 50 years prior to the Titanic's construction, safety precautions were chipped away one by one in the name of competition. According to Walter Lord, author of A Night to Remember and The Night Lives On, the perfectly constructed ship was no longer the goal; it was the ship that made the most money.
It took just one disaster to wipe out the White Star line, which was never able to recover the loss of the vessel and the resultant settlements. The nitty-gritty is that managing risks is as ...See the full content of this document
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