RISK MANAGEMENT AS CHALLENGE TO TODAY’S ENTERPRISES
Journal Title: Problems of Management in the 21st Century - Year 2013, Vol 7, Issue 7
Abstract
Risk and its management are becoming increasingly important issues in modern theory and practice of managing organizations. It is propounded that organizations, regardless of the type or size of activity they carry out, take into account the impact of risk in their decisions and processes. Managerial approach to risk is aimed at reducing the extent to which risk impacts the functioning of an organization, allowing it to take optimal decisions. At the same time, changes occurring in the environment increase manifold the risk that organizations are forced to take. Inadequacy of the existing, traditional approaches to risk management, which often do not correspond to the dynamics of the changes in the environment in which today’s organizations function, makes it necessary to look for new, innovative managerial solutions. This has led to the emergence of the paradigm of enterprise risk management (ERM).
Authors and Affiliations
Iwona Gorzeń-Mitka
Keywords
Related Articles
- EP ID EP32152
- DOI -
- Views 323
- Downloads 0
THE DISSEMINATION OF FRANCHISING ALL OVER THE WORLD: AN ATTEMPT TO ASSESS THE SCALE OF THE PHENOMENON
Nowadays, franchising is one of the fastest developing forms of business in the world. It is used in economic processes on all the inhabited continents of the Earth. Unfortunately, it is very difficult to assess the sc...
THE ACCOUNTING OF NON-PROFIT ORGANIZATIONS IN PORTUGAL: THE CASE OF PRIVATE INSTITUTIONS OF SOCIAL SOLIDARITY (IPSS)
The nonprofit sector is made up of nonprofit organizations that, by law or custom, do not distribute any profit that may be generated by the Associates. They are institutionally separate from government, are self manag...
RETHINKING BUSINESS PROCESS MAINTENANCE RELATED TO CORPORATE CULTURE
Nowadays disciplines of maintenance management are widely applicable in other fields of science as well. This paper shows the possible uses of maintenance strategies in connection with inter-corporate cooperation by de...
ETHICAL EVALUATION OF MARKETING ACTIONS ACCORDING TO THE CONSUMERS
Ethics is one of signifcant and at the same time indispensable aspects of operations by contemporary organisations. It should constitute the benchmark for the direction of actions both inside the organisation and withi...
DOES OWNERSHIP MATTER? A STUDY OF FAMILY AND NON FAMILY FIRMS IN PAKISTAN
Researchers have been trying to find out whether ownership makes any difference to a firm’s performance. The purpose of this article is to analyse whether family or non-family firms perform better. It focuses on compar...