ENHANCING COMPETITIVENESS BY APPLYING AN INTEGRATED RISK MANAGEMENT APPROACH
To maintain their competitiveness, business organizations need not only to rely on innovation, sales and good marketing. An important condition is to maintain their reputation, ensure business continuity, avoid leakage and loss of assets. This also outlines the importance of risk management. Effecti...
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| Format: | Article |
| Language: | English |
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Trakia University
2019-10-01
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| Series: | Trakia Journal of Sciences |
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| Online Access: | http://tru.uni-sz.bg/tsj/Volume%2017,%202019,%20Supplement%201,%20Series%20Social%20Sciences/2/za%20pe4at/34.pdf |
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| _version_ | 1850044654000537600 |
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| author | P. Biolcheva |
| author_facet | P. Biolcheva |
| author_sort | P. Biolcheva |
| collection | DOAJ |
| description | To maintain their competitiveness, business organizations need not only to rely on innovation, sales and good marketing. An important condition is to maintain their reputation, ensure business continuity, avoid leakage and loss of assets. This also outlines the importance of risk management. Effective risk
management is a mandatory element of overall management at organizational level. The integration of different operating systems with the risk management system makes it easier to identify, analyze and manage all risk factors. The purpose of this paper is to outline the benefits of using an integrated risk
management system as well as the relevance of information products to business organizations. Empirical research, among business organizations with a different subject of activity, is used to achieve the goal. The results show the effect on the stability of the organizations and their competitiveness. |
| format | Article |
| id | doaj-art-5d2dd2de282a4afab109a34feae60cf8 |
| institution | DOAJ |
| issn | 1313-3551 |
| language | English |
| publishDate | 2019-10-01 |
| publisher | Trakia University |
| record_format | Article |
| series | Trakia Journal of Sciences |
| spelling | doaj-art-5d2dd2de282a4afab109a34feae60cf82025-08-20T02:54:53ZengTrakia UniversityTrakia Journal of Sciences1313-35512019-10-0117Suppl. 120320910.15547/tjs.2019.s.01.034ENHANCING COMPETITIVENESS BY APPLYING AN INTEGRATED RISK MANAGEMENT APPROACHP. BiolchevaTo maintain their competitiveness, business organizations need not only to rely on innovation, sales and good marketing. An important condition is to maintain their reputation, ensure business continuity, avoid leakage and loss of assets. This also outlines the importance of risk management. Effective risk management is a mandatory element of overall management at organizational level. The integration of different operating systems with the risk management system makes it easier to identify, analyze and manage all risk factors. The purpose of this paper is to outline the benefits of using an integrated risk management system as well as the relevance of information products to business organizations. Empirical research, among business organizations with a different subject of activity, is used to achieve the goal. The results show the effect on the stability of the organizations and their competitiveness.http://tru.uni-sz.bg/tsj/Volume%2017,%202019,%20Supplement%201,%20Series%20Social%20Sciences/2/za%20pe4at/34.pdforganizationrisk identificationorganization processerp |
| spellingShingle | P. Biolcheva ENHANCING COMPETITIVENESS BY APPLYING AN INTEGRATED RISK MANAGEMENT APPROACH Trakia Journal of Sciences organization risk identification organization process erp |
| title | ENHANCING COMPETITIVENESS BY APPLYING AN INTEGRATED RISK MANAGEMENT APPROACH |
| title_full | ENHANCING COMPETITIVENESS BY APPLYING AN INTEGRATED RISK MANAGEMENT APPROACH |
| title_fullStr | ENHANCING COMPETITIVENESS BY APPLYING AN INTEGRATED RISK MANAGEMENT APPROACH |
| title_full_unstemmed | ENHANCING COMPETITIVENESS BY APPLYING AN INTEGRATED RISK MANAGEMENT APPROACH |
| title_short | ENHANCING COMPETITIVENESS BY APPLYING AN INTEGRATED RISK MANAGEMENT APPROACH |
| title_sort | enhancing competitiveness by applying an integrated risk management approach |
| topic | organization risk identification organization process erp |
| url | http://tru.uni-sz.bg/tsj/Volume%2017,%202019,%20Supplement%201,%20Series%20Social%20Sciences/2/za%20pe4at/34.pdf |
| work_keys_str_mv | AT pbiolcheva enhancingcompetitivenessbyapplyinganintegratedriskmanagementapproach |