The Risk Matrix: Illustrating the Importance of Risk Management Strategies

Authors

Corinne Alexander, Purdue UniversityFollow
Maria I. Marshall, Purdue UniversityFollow

Volume

44

Issue

2

Abstract

Risk management strategies can enable small business owners, including farmers, to survive and succeed in spite of unexpected events. The risk matrix is an effective educational tool to illustrate the importance of risk management strategies. It is easy to use, easy to explain, and effective at promoting audience participation during risk management programs.

Creative Commons License

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Recommended Citation

Alexander, C., & Marshall, M. I. (2006). The Risk Matrix: Illustrating the Importance of Risk Management Strategies. The Journal of Extension, 44(2), Article 25. https://tigerprints.clemson.edu/joe/vol44/iss2/25