A discussion of the literature on risk management necessitates the requirement to analyze the practices which are being implemented across various companies and industries. To do so, an analysis of the risk management practices of the companies can be conducted to answer the research question pertaining to the similarities and differences of risk management practices across companies.
The information about the risk management strategies can be obtained through the annual reports of the companies or the financial statements and disclosures in case of fund houses. On an aggregate, it is to be noted that the most important implication of the process pertains to strategizing to manage risks. Basically, all companies implement variants of the following types of risk management strategies: