Risk Management Enters Everyday Business Lexicon

An increasing emphasis on enterprise-risk management in the corporate world is reflected in the higher-education sector, with more courses and research exploring the concept at universities with established RM programs.

By Caroline McDonald | Updated on January 19, 2012

Five years ago, you didn’t hear the phrase ‘risk management’ mentioned all that much in business circles,” notes Robert E. Hoyt, the Moore Chair and professor of risk management and insurance at the Terry College of Business at the University of Georgia.

Now, “I’m amazed in casual conversations how many people are using the term ‘risk management’; it’s clearly in the psyche of a lot more people,” Hoyt says.

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