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Measuring and managing the impact of risk on organizations: The Case of Kosovo

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  • Govori, Arbiana

Abstract

After the 2008 events that occurred in world financial markets, all organizations have increased interest in risk management. It is very clear that risk management brings benefits to the organization. By taking a proactive approach to risk and risk management, organizations will be able to manage to improve performance and results in the areas of the operations performance, the development of processes and projects, and the selection and implementation of alternative development strategies. Business firms in Kosovo have changed their approach to risk management in recent times. Reasons for that ‘approach evolution’ are based on recent losses in some of commercial banks, insurance companies, pension trust, and some negative trends in Kosovo real economy.

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File URL: http://mpra.ub.uni-muenchen.de/38975/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 38975.

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Date of creation: 05 May 2012
Date of revision: 22 May 2012
Handle: RePEc:pra:mprapa:38975

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Keywords: Risk; returns; organization; operations; processes; strategy; rsik quantification; risk management; risk insurance;

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