Risk Management Standards: Towards a contemporary, organisation-wide management approach

Koutsoukis, Nikitas-Spiros (2010): Risk Management Standards: Towards a contemporary, organisation-wide management approach. Published in: International Journal of Business Policy and Economics , Vol. 3, No. 1 (2010): pp. 47-64.

Abstract

Risk management has been progressively evolving into a systemic approach for organisational decision making in today’s dynamic economic environment of the global era. In this context, risk management is reaching beyond its traditional finance and insurance application context and is entering the sphere of generic, organisation-wide management approaches. In support of this argument we consider four generic risk management standards issued at the institutional, national or international level, and identify their management-related attributes and characteristics.

• Item Type: MPRA Paper
• Language: English
• Keywords: Risk management; risk management standards; management; management approach; decision making; organisational decision making.
• Subjects: D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty; G - Financial Economics > G3 - Corporate Finance and Governance > G32 - Financing Policy ; Financial Risk and Risk Management ; Capital and Ownership Structure ; Value of Firms ; Goodwill; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration

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