How Business Research Supports Risk Management

Risk management is an essential aspect of business sustainability, and research plays a critical role in identifying potential threats. Businesses use research to assess market risks, financial risks, and operational risks before making strategic moves. For example, an investment firm conducting economic research can predict market fluctuations and adjust its portfolio accordingly. Similarly, a retail business analyzing customer feedback can identify supply chain issues before they escalate. Effective business research helps companies anticipate challenges and develop proactive solutions.