WORKING PAPER UPON COMPETITIVE BUSINESS RISK REVIEW- HUMAN CAPITAL OUTCAST

Sebastian Stepien, Alexandra Mironescu and Lukasz Marczak

Holistic Marketing Management Journal, 2012, vol. 2, issue 3, 84-91

Abstract: The information society represents a new stage of human civilization, a new way of life that implies intensive use of information in all domains of human activity and existence, with a great economic and social impact. The information society gives its members large access to information, a new method of work and a way of knowledge; it amplifies the possibility of economic globalization and the increase of social cohesion. Hence, competitive business risk review-human capital outcast is important for institutions for any short or long term activity. Benefits and opportunities must be seen not only in the context of itself, but also in relation to the multiplicity of stakeholders that may be affected. There are many risk management solutions that meet their goals. The solution is both managerial discipline and organization processes and existing systems because they provide necessary information on the risks inherent in which to adjust the policy options. Ability to handle strategic options is a key performance indicator which permits the risk management strategy. Thus, strategic planning based on prudent risk management involves taking calculated risks in order to obtain an advantage; this is maximizing value while maintaining acceptable risk tolerances of stakeholders: creditors, suppliers, customers, employees.

Keywords: risks associated strategic decision-making; key performance indicator; risk review; calculated risks (search for similar items in EconPapers)
JEL-codes: D81 G32 J24 O32 (search for similar items in EconPapers)
Date: 2012
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