CONTROLLING AS AN INFORMATION SOURCE IN RISK MANAGEMENT PROCESS

Joanna Dynowska and Anna Bartoszewicz
Additional contact information
Joanna Dynowska: University of Warmia and Mazury in Olsztyn
Anna Bartoszewicz: University of Warmia and Mazury in Olsztyn

OLSZTYN ECONOMIC JOURNAL, 2014, vol. 9, issue 2, 165-176

Abstract: An increasingly visible tool in identifying risk is controlling. Its tasks include collecting, processing, and analyzing information. Thus, in the stage of identifying the risk management process, controlling should supply management with information regarding the impacts of risks on particular departments of the company. The purpose of this article was to emphasize the role of controlling in the risk management process within an organization. This objective was achieved through a study of literature from research conducted in the field. Over the course of this study, the value of controlling and its role in the risk management process were revealed. Also, the role of budgeting was shown to be a key tool of controlling in the process of risk management. The implementation of controlling in a company permits full use of information and enables the use of modern management techniques, thereby facilitating making good decisions to rectify or mitigate risk for a specific organization or unit.

Keywords: controlling; risk; risk management process; budgeting; information system (search for similar items in EconPapers)
JEL-codes: A1 G0 (search for similar items in EconPapers)
Date: 2014
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.uwm.edu.pl/wne/podstrony/oej1/wydania/eko9_14_2.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ole:journl:v:9:y:2014:i:2:p:165-176

Access Statistics for this article

More articles in OLSZTYN ECONOMIC JOURNAL from University of Warmia and Mazury in Olsztyn, Faculty of Economic Sciences
Bibliographic data for series maintained by Wioletta Wierzbicka ().