RISK MANAGEMENT AS CHALLENGE TO TODAY’S ENTERPRISES | Problems of Management in the 21st Century

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RISK MANAGEMENT AS CHALLENGE TO TODAY’S ENTERPRISES

Title	RISK MANAGEMENT AS CHALLENGE TO TODAY’S ENTERPRISES
Publication Type	Journal Article
Year of Publication	2013
Authors	Gorzeń-Mitka, I
Journal	Problems of Management in the 21st Century
Volume	7
Start Page	4-5
Date Published	July/2013
Type of Article	Editorial
ISSN	2029-6932
Other Numbers	ICID: 1059037
Keywords	management systems, risk management, system of risk management
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).
URL	http://oaji.net/articles/2014/450-1397904999.pdf
DOI	10.33225/pmc/13.07.04
Refereed Designation	Refereed
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