Risk leveling in business environments - A novel approach for macro risk management

作者: Shahid Rasheed , ChangFeng Wang , Faiza Yaqub , Suhail Memon

DOI: 10.3926/JIEM.1293

关键词:

摘要: Purpose: The purpose of this study is to presents a structured risk management methodology for managing and controlling the risks in macro business environments. This paper emphasizes achieve settled environments industry/ growth. Design/methodology/approach: In paper, we present an approach called ‘Risk Leveling’ which signifies both concept methodology; it helps manage Risk Leveling follows multi-tier towards divergent focuses on balancing risky environs better settings. It recommends utilization available resources systematic efficient way mitigation; such intent pursued though procedure urges reduce match them with tolerance enterprises; also attempts diminish mutual disparities giving rise context no seen too big or small comparative others. process utilizes logical tools (e.g. AHP, ALARP etc.) mechanisms reach Findings: adopted moves through standard course tends pacify industry. suggests exploiting mitigation efforts balanced conserve resources. Originality/value: regimes can practice regulate forces designated market segments.

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