Risk management as a necessary element of the value management in the company
Journal Title: Zarządzanie i Finanse - Year 2015, Vol 13, Issue 3
Abstract
Value management in the company is a process closely linked to the business continuity management (BCM) and integrated risk management (ERM). BCM safeguards the interests of companies in extreme situations, while the risk management can not only reduce the negative impact of threats on long-term business results, but moreover also allows the use of appearing opportunities in the environment. Focusing on achieving identified financial results and growth of the market value can’t ignore the impact of risks on business processes. Risk management supports the achievement of business objectives and developing a culture in which risk becomes an ally for entrepreneur (not only his enemy), leads to increased innovation activity. The conclusions of the author are the result of careful study of the literature on risk management and analysis of the results of published studies.
Authors and Affiliations
Aniela Mikulska
Keywords
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