The Relationship Between Organizational Culture, Risk Management And Organizational Performance

This article critically aims to demonstrate the relationship between three variables: organizational culture, risk management and oragizational performance. The main factor is organizational culture and how it impacts on the risk management and performance of the organization. The research also focuses on the influence of organizational culture on performance and risk management in the bank sector. This paper ins based on secondary literature which reviews analytical research of multifaceted data, such as peer-reviewed journal articles, university textbooks, internet resources, etc. Organizational culture represents one of the key variables impacting organizational performanc. Organizational culture develops when the culture and principles of the employees are compatible with the culture and principles of the institution and it reflects high performance and efficiency. Moreover, the perception of risk and risk management influence the organizational culture. This is then reflected in the strategic management and performance as the combination of efficiency and effectiveness. This study also emphasizes the importance for banks and other organizations to create or apply an efficient framework, for the risk events identification, analysis and monitoring.