Effective risk management is a crucial part of the success of any organization. In scholarly research, numerous publications have been written on the design of complex enterprise risk management systems, however very little consideration has been given to the effectiveness of implemented management solutions. This book seeks to fill this important gap.
Based on a study featuring a representative group of 722 companies, the author presents the various determinants of risk management effectiveness, including behavioural determinants (such as attitude to risk) as well as internal and external determinants (such as human and financial resources and the environment in which the organization operates). Along with a theoretical and practical overview of the various considerations from an international perspective, the reader will gain an insight into the implications for practice. Ultimately, this book formulates conclusions and recommendations for the improvement of tools and systems of enterprise risk management.
Author(s): Izabela Jonek-Kowalska
Publisher: Palgrave Macmillan
Year: 2022
Language: English
Pages: 145
City: Cham
Preface
Acknowledgments
Summary
Contents
List of Figures
List of Tables
1: Determinants of Risk Management Effectiveness: Previous Research and Conclusions
1.1 Fundamentals of Risk Management in an Enterprise
1.2 Efficiency and Effectiveness of Enterprise Risk Management
1.3 Systematization of Determinants of Effectiveness and Efficiency of Enterprise Risk Management
References
2: Behavioral Determinants of Risk Management Effectiveness
2.1 Risk Perception: Opportunity or Threat?
2.2 Propensity to Take Risks
2.3 Attitudes towards Risk
References
3: Endogenous Determinants of Risk Management Effectiveness
3.1 Risk Management Process and Methodology
3.2 Resources Involved in Risk Management
References
4: Exogenous Determinants of Risk Management Effectiveness
4.1 The Proximal Environment as a Source of Risk in Enterprise Operations
4.2 The Distal Environment as a Source of Risk in Enterprise Operations
References
5: Assessment Model of the Effectiveness of Enterprise Risk Management: A Research Methodology
5.1 Intentions, Stages and Research Model
5.2 Operationalisation of the Research Model in the Form of a Questionnaire
5.3 Selection and Characteristics of the Research Sample
References
6: Determinants of Risk Management Effectiveness: Preliminary Analysis of Research Results from Polish Enterprises
6.1 Behavioural and Methodical Determinants of the Effectiveness of Risk Management
6.2 Resource and Environmental Determinants of the Effectiveness of Risk Management
References
7: Practical Dimension of Risk Management Effectiveness: Results of Research in Polish Enterprises
7.1 Methodological Assumptions
7.2 Assessment of the Determinants of Risk Management Effectiveness
References
8: How to Improve Risk Management Effectiveness?: Conclusions and Recommendations
8.1 Conclusions from Research on Risk Management Effectiveness
8.2 Recommendations for Improving Risk Management Effectiveness
References
Index
