The Embedment of Risk Management in Enterprise Management System

Sylwia Bąk ()
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Sylwia Bąk: Jagiellonian University, Cracow, Poland

International Journal of Contemporary Management, 2023, vol. 59, issue 2, 1-16

Abstract: Purpose The purpose of this text is to diagnose the degree to which risk management is embedded in enterprise management system, and in particular to identify risk prevention activities taken in different management domains by enterprises listed on the Warsaw Stock Exchange, representing the following three sectors: financial services, construction, and IT. Design/methodology/approach The research was carried out using a triangulation of research methods. The following research methods were used: analysis of the content of source documentation generated by the analyzed enterprises, one-stage logical classification, exemplification, and comparative analysis. The research involved 107 enterprises listed on the Warsaw Stock Exchange and representing the sectors of financial services, construction, and IT. Findings The main conclusion resulting from the research is that risk management is firmly rooted in enterprise management systems, which manifests itself in the presence of measures taken against risk in various management domains, such as strategic, operational, financial, quality, human resources, project, investment, and innovation management. According to the obtained results, the enterprises under analysis the most often apply risk management measures in the areas of strategic management, operational management, and financial management. Originality/value The main added value of the results of the conducted research is the presentation of the management domains in which risk prevention activities are located and the identification of the analyzed enterprises’ specific preventive measures that fall within different management domains and allow the perception of risk management as an integrator of all processes carried out in the enterprise.

Keywords: risk; management; risk management; management domain; management system (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ijcoma:v:59:y:2023:i:2:p:1-16:n:3

DOI: 10.2478/ijcm-2022-0014

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