A Total Risk Assessment in an Enterprise

Wasilewski Wiesław ()
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Wasilewski Wiesław: Faculty of Economics and Management University of Zielona Góra, Poland

Foundations of Management, 2012, vol. 4, issue 2, 119-130

Abstract: Risk assessment is an important task of risk management. It must take various aspects into consideration. For this reason the risk management involves various scientific disciplines: mathematics, psychology, law etc. Every institution must deal with many different kinds of risk. The question is: in order to ensure the continuation of the company, is it important to assess individual risk or to identify and evaluate the entire overall risk to the enterprise. This article aims to present a method of calculating the total organizational risk in relation to the ROI-return on investment (justifying the critical importance of profit [loss] in ensuring the continued operation of the entity).

Keywords: risk; risk management; risk assessment; ERM; total risk; business continuity management (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:founma:v:4:y:2012:i:2:p:119-130:n:9

DOI: 10.2478/fman-2013-0015

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