Risk Management - Current Issues and Challenges

Banaitiene, Nerija

Risk Management - Current Issues and Challenges

Edited by Nerija Banaitiene

Abstract: Every business and decision involves a certain amount of risk. Risk might cause a loss to a company. This does not mean, however, that businesses cannot take risks. As disengagement and risk aversion may result in missed business opportunities, which will lead to slower growth and reduced prosperity of a company. In today's increasingly complex and diverse environment, it is crucial to find the right balance between risk aversion and risk taking. To do this it is essential to understand the complex, out of the whole range of economic, technical, operational, environmental and social risks associated with the company's activities. However, risk management is about much more than merely avoiding or successfully deriving benefit from opportunities. Risk management is the identification, assessment, and prioritization of risks. Lastly, risk management helps a company to handle the risks associated with a rapidly changing business environment.

JEL-codes: M11 (search for similar items in EconPapers)
Date: 2012
ISBN: 978-953-51-0747-7
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Chapters in this book:

A Framework to Select Techniques Supporting Project Risk Management: Sabrina Grimaldi, Carlo Rafele and Anna Corinna Cagliano
Biometric Solvency Risk for Portfolios of General Life Contracts (II) The Markov Chain Approach: Werner Hurlimann
Boundary-Value Problems for Second Order PDEs Arising in Risk Management and Cellular Neural Networks Approach: Angela Slavova, Rossella Agliardi and Petar Popivanov
Dynamic Risk Management Strategies with Communicating Objects in the Supply Chain of Chemical Substances Within the European Union: Omar Gaci, Herve Mathieu, Jean-Pierre Deutsch and Laurent Gomez
IA OM® as an Enterprise Risk Management Metric: David R. Comings and Wendy W Ting
Importance of Risk Analysis and Management - The Case of Australian Real Estate Market: Gurudeo Tularam and Gowri Sameera Attili
Improving Climate Risk Management at Local Level - Techniques, Case Studies, Good Practices and Guidelines for World Meteorological Organization Members: Robert Zougmore, M. Kadi, G. R. McGregor, P. Rao, Roger Pulwarty, O. Ndiaye, G. Srinivasan, Eh. Seck, N. White, G. Jakeman, K. Ingram, N. Bermudez, Geoff Cockfield, S. Mushtaq, A. Diongue, J. Hansen, A. Hildebrand, Rodney Guillermo Martinez, Debbie Hemming and Leslie Malone
Integrated and Personalised Risk Management in the Sensing Enterprise: Gonzalo Prieto, Luis Collantes, Javier Gozalvez, Miguel Sepulcre, Jose Antonio Palazon, Maria Gonzalez, Antonio Moreno, Carlos Palau, Benjamin Molina, Vicente Traver, Juan Carlos Fernandez-Llatas, Teresa Meneu, Saioa Ros, Oscar Lopez Etxahun Sanchez, Oscar Lazaro, Agustin Moyano, Mikel Uriarte and Alicia Gonzalez
Integrated Risk Management System - Key Factor of the Management System of the Organization: Emilia Vasile and Ion Croitoru
Long Memory in the Volatility of Local Currency Bond Markets: Evidence from Hong Kong, Mexico and South Africa: Pako Thupayagale
Managing Climate Risk with Seasonal Forecasts: Andrew Charles, Yuriy Kuleshov and David Jones
On the Very Idea of Risk Management: Lessons from the Space Shuttle Challenger: Robert Elliot Allinson
Project and Enterprise Risk Management at the California Department of Transportation: Pedro Maria-Sanchez
Quality Risk Analysis: Value for Money in the Pharmaceutical Industry: Jordi Botet
Risk Management at the Latin American Observatory: Angel G. Munoz, Domingo Ruiz, P. Ramirez, G. Leon, J. Quintana, A. Bonilla, W. Torres, M. Pasten and O. Sanchez
Risk Management in Business - The Foundation of Performance in Economic Organizations: Gabriela Dobrota
Risk Management in Collaborative Systems: Marius Ioan Podean and Dan Benta
Risk Management in Construction Projects: Nerija Banaitiene and Audrius Banaitis
Risk Management on the Romanian Capital Market: Marin Andreica, Stere Farmache, Madalina Andreica and Octavian Stroie
Selecting a Response Plan Under Budget Constraints: Amnon Gonen
Sources of Risk and Risk Management Strategies: The Case of Smallholder Farmers in a Developing Economy: Gilbert Nartea, Satit Aditto and Christopher Gan
Strengthening Risk Management in the Midst of Downturn Times: Amparo Marin- De-La-Barcena
Supply Chain Security - Threats and Solutions: Daniel Ekwall

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Persistent link: https://EconPapers.repec.org/RePEc:ito:pbooks:2427

DOI: 10.5772/2568

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