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Measuring and managing the impact of risk on organizations: The Case of Kosovo

Author

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  • Govori, Arbiana

Abstract

After the 2008 events that occurred in world financial markets, all organizations have increased interest in risk management. It is very clear that risk management brings benefits to the organization. By taking a proactive approach to risk and risk management, organizations will be able to manage to improve performance and results in the areas of the operations performance, the development of processes and projects, and the selection and implementation of alternative development strategies. Business firms in Kosovo have changed their approach to risk management in recent times. Reasons for that ‘approach evolution’ are based on recent losses in some of commercial banks, insurance companies, pension trust, and some negative trends in Kosovo real economy.

Suggested Citation

  • Govori, Arbiana, 2012. "Measuring and managing the impact of risk on organizations: The Case of Kosovo," MPRA Paper 38975, University Library of Munich, Germany, revised 22 May 2012.
    • Handle: RePEc:pra:mprapa:38975
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    More about this item

    Keywords

    Risk; returns; organization; operations; processes; strategy; rsik quantification; risk management; risk insurance;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics
    • G3 - Financial Economics - - Corporate Finance and Governance

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