Risk-Aware Culture in Enterprise Risk Management
Theory of Management 4: The Selected Problems for the Development Support of Management Knowledge Base, Scientific Papers, Štefan Hittmar, ed., EDIS, pp. 222-225, 2011
6 Pages Posted: 15 Dec 2012
Date Written: 2011
Abstract
Industries companies increasingly recognize the importance of cultural aspects of risk management. Human is a key element of conditioning the effectiveness of the im-plementation of enterprise risk management process. Since organizations have very similar technologies, systems and structures, some argue that the difference in perfor-mance is largely due to systematic differences in the behavior of their employees, in other words their risk-aware culture. This paper presents key aspects of risk-aware culture theory based on "Safety Culture Application Guide" proposed by PRISM (Process Industries Safety Management).
Keywords: enterprise risk management, risk-aware culture
JEL Classification: M14, G32
Suggested Citation: Suggested Citation