In this comprehensive guide, I’ll walk you through the essentials of business risk management, including common types of risks, methods for assessing and mitigating them, and how to build a resilient risk management strategy. Business risk management (BRM) is the process of identifying, analyzing, and mitigating potential risks that could negatively impact a company. Risk management focuses on proactively identifying and mitigating risks, while crisis management is the process of handling and responding to crises as they occur.