Introduction
In the previous chapter, we discussed the various steps in the process of transactional risk analysis in business activities. In this chapter, we define the main steps that need to be carried out during the process of risk identification. As defined earlier, risk identification deals in formalizing the purpose and scope for which the business activity is being carried out and then identifies those events that will lead to the occurrence of a negative outcome in the business activity.
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Hussain, O.K., Dillon, T.S., Hussain, F.K., Chang, E.J. (2013). Risk Identification in Business Activities. In: Risk Assessment and Management in the Networked Economy. Studies in Computational Intelligence, vol 412. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-28690-2_4
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