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Risk management

An inherent element, influencing the activities of organizations of any type and size, is the impact of external and internal factors, alterability of which motivates organizations to implement risk management elements in planning all or part of operating processes.

In order to increase efficiency of such measures there were developed several standards which include elements of risk management process improvement. Also there can be observed a tendency to develop standards for different management systems using risk-based approach, required in case economically justified decision shall be made, the best mission shall be chosen or operational risks shall be analyzed.

Besides that, prevention and elimination of undesired events, development of measures for decrease of adverse consequences assist not only the sustainable development of organizations, but also increase companies’ abilities to achieve the identified objectives, enhance interested parties’ confidence, and increase the organization’s sustainability in general, which consequently without a doubt leads to consolidation of the company’s market power

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