Risk and Risk Management

There is so much that is risky in operating a business, shouldn't there be ways to manage the risk? Read the Wikipedia entry on risk management to get an overview of how businesses can manage risk.

Risk Communication

Risk communication is a complex cross-disciplinary academic field that is part of risk management and related to fields like crisis communication. The goal is to make sure that targeted audiences understand how risks effect to them or their communities by appealing to their values.

Risk communication is particularly important in disaster preparedness, public health, and preparation for major global catastrophic risk. For example, the the impacts of climate change and climate risk effect every part of society, so communicating that risk is an important climate communication practice, in order for societies to plan for climate adaptation. Similarly, in pandemic prevention, understanding of risk helps communities stop the spread of disease and improve responses.

Risk communication deals with possible risks and aims to raise awareness of those risks to encourage or persuade changes in behavior to relieve threats in the long term. On the other hand, crisis communication is aimed at raising awareness of a specific type of threat, the magnitude, outcomes, and specific behaviors to adopt to reduce the threat.