Risk Management - Essay Example

Risk Management al affiliation Risk Management In the video, the speaker sheds light on risk management. In his speech, the speaker is of the thought that successful risk management is fundamental in everyday life. The speaker indicates that risk management involves identifying risks, assessing them and focusing on whether to take the risk or not (TEDx Talks, 2014). With the many examples of risks provided by the speaker such as mountain climbing, it is easy to make out what the speaker is bringing out in their speech.

Through the speech as well, one can easily plan on how to handle with risks that face their everyday life so as to have successful outcomes. The speaker also gives strategies of dealing with the various forms of risks. Among them is the avoidance approach that sees the involved parties flee away from aspects that may make their being stressful as a result of the risks involved (TEDx Talks, 2014). If one would be of the opinion that mountain climbing would be too risky for them, they have the option of avoiding the activity.

This reduces the chances that they may fall victims of the risk involved in the activity. Alternatively, the parties involved may simply accept the consequences that may emanate from the activity involved. Generally, the movie is one that is informative in regard to the theme under study. I would actually recommend it to any person in need of risk management study. ReferenceTEDx Talks (2014). Risk Management: Chris Davenport at TEDxMileHigh. Retrieved from: https://www.youtube.com/watch?v=zyet9fPS24k&feature=youtu.be