risk leveling in business environments - a novel approach for macro risk management
Article Quality & Performance Metrics
Readership in this journal
SteadyRanked #4 of 58 articles by views in research journal of environmental toxicology
Bar heights use a square-root scale.
Mint this article as an NFT
Not yet mintedCreate a permanent, verifiable on-chain record of this article on the Scimatic Network. The NFT is held in your Journament account, and you can withdraw it to your own wallet at any time.
Abstract
Purpose: The purpose of this study is to presents a structured risk management methodology for managing and controlling the risks in the macro business environments. This paper emphasizes to achieve risk settled environments for industry/ business growth.
Design/methodology/approach: In this paper, we present an approach called ‘Risk Leveling’ which signifies both a concept and a methodology; it helps to manage risks in the macro business environments. Risk Leveling follows a multi-tier approach towards divergent risks and focuses on balancing the risky macro environs for better industry/ business settings. It recommends the utilization of the available resources in a systematic and efficient way for risk mitigation; such intent is pursued though a structured procedure which urges to reduce the risks to match them with the risk tolerance of the enterprises; it also attempts to diminish the mutual risk disparities giving rise a context in which no risk is seen too big or too small comparative to the others. The Risk Leveling process utilizes logical tools (e.g. AHP, ALARP etc.) and mechanisms to reach the risk settled environments.
Findings: Risk Leveling procedure adopted in the study moves through the standard risk management course and tends to pacify the macro risks to achieve risk settled environments for the industry. It suggests exploiting the mitigation efforts in a balanced and efficient way to conserve the resources.
Originality/value: The regimes can practice it to pacify and regulate the macro risk forces in the designated industry/ market segments.
| Reference Key |
rasheed2015journalrisk
Use this key to autocite in the manuscript while using
SciMatic Manuscript Manager or Thesis Manager
|
|---|---|
| Authors | ;Shahid Rasheed;ChangFeng Wang;Faiza Yaqub;Suhail Memon |
| Journal | research journal of environmental toxicology |
| Year | 2015 |
| DOI |
10.3926/jiem.1293
|
| URL | |
| Keywords |
Citations
No citations found. To add a citation, contact the admin at info@scimatic.org
Comments
No comments yet. Be the first to comment on this article.