Integrated risk and opportunity management: Implementing clause 6.1

Patricia A. Adam

No 12, Schriftenreihe Management from Hochschule Hannover - University of Applied Sciences and Arts, Department of Business Administration

Abstract: Integrated Risk and Opportunity Management (IROM) goes far beyond what is found in organizations today. However, it offers the best opportunity not only to keep pace with the VUCA world, but to actually profit from it. Accordingly, the introduction of opportunity-based thinking in addition to risk-based thinking is part of the design specification for ISO 9000 and ISO 9001. The prerequisite for the successful design of an IROM is the individual definition, control and integration of risk and opportunity management processes, considering eight success factors, the "8 C". Top management benefits directly from the result: better, coordinated decision memos enable faster and more appropriate decisions.

Keywords: Antifragile; ISO 9001 6.1; Integrated Management; Opportunity Management; Risk Management (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:hshwim:289460

DOI: 10.25968/opus-3083

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