Risk is an essential part of everyday life as well as an integral part of most human activities, including business management. Considering the risk and uncertainty facing the business of the organization or a company, it is very important to understand risk itself and choose appropriate response in accordance with risk situations. This can be done by risk research and risk understanding. Understanding the potential risk is of crucial importance in company decision making. Recognizing the actual business risk is essential in effective and proper risk management. In order to maintain market position and achieve good results in business process, company should pay special attention to analysis of risk management. Inefficient risk management can bring enormous harm to the development and progress of the company. Effective risk management system is one of the most important instruments for protecting company from the competition and for identifying opportunities in time in order to enable quick reaction to change. Risk, risk analysis, methods and techniques of risk management are just some of the concepts encountered during the consideration of risk control. In order to control the risk of the company it is essential to identify risk itself and to understand it as a complex process. Analysis is the crucial activity of good risk management. Risk management refers to events and circumstances that may negatively affect the company. Risk analysis helps in protecting the important business goals and programs from the risk itself. Furthermore, risk analysis helps in modulating goals and programs and in harmonizing them with the needs of the company as well as the business objectives. All these issues should be taken into account and should be thoroughly analysed as a preliminary action to the successful decision-making. In this way, business performances and management will be improved and negative effects will be reduced to the lowest possible level.