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An Integrated Risk Management System As An Effective Tool For Dealing With A Pandemic Situation

Author

Listed:
  • Renata Nováková
  • Viera Horváthová
  • Andrea Vadkertiová

Abstract

The pandemic situation caught us off guard. Although many organizations have strategic crisis management plans and ISO 31000-certified risk management systems, many SMEs are unable to anticipate risks and, worse, do not know the basic management methods and tools that classify such risks, and create the conditions for their mitigation. The subject of our paper will be to define and classify risks and relationships in risk management as an integrated system.

Suggested Citation

  • Renata Nováková & Viera Horváthová & Andrea Vadkertiová, 2021. "An Integrated Risk Management System As An Effective Tool For Dealing With A Pandemic Situation," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 15(1), pages 306-312.
    • Handle: RePEc:isp:journl:v:15:y:2021:i:1:p:306-312
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    More about this item

    Keywords

    risk management; iso standards; effective tools; integrated risk management system;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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