Stakeholder Management in Risk Management - Considerations on the ISO 31000 Standard

Corina Dufour and Draghici Anca
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Corina Dufour: Faculty of Management in Production and Transportation, Politehnica University of Timisoara, Romania

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Abstract: Risk management can be compared to a defence system through which the organisation responds to the uncertainties impulse by internal and external stakeholders. The strength of the defence systemstems from the organisation's capacity to foresee uncertainties, understand them in its own context and develop robust and adapted mechanisms relative to each uncertainty. The current paper will explore the contribution of stakeholder management to risk management, in the particular case of the implementation of the ISO 31000 standard. Following a literature review, the paper shall review the imbrication of stakeholder management in risk management for the implementation of the ISO 31000. The result is the identification of stakeholders that managers should approach and include as early on as possible when implementing the ISO 31000, and the identification of stakeholder alliances that mangers should monitor in order to ensure the sensibility and accurateness of the risk management system.

Keywords: Stakeholder management; Risk management; ISO 31000 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:tkp:mklp20:111-118

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