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pbsg services - risk management |
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At present, each
company to attain planned goals has to take risk. Free market presents not only
an opportunity to achieve over the target profits but also poses a risk of
significant losses due to unfavorable changes in the settings and within the organization.
All business decisions bear certain risk. Such risk may have a specific
dimension as it involves invested financial resources. That is why companies
more and more often take decision to implement risk management systems.
Risk management
approach recommended by PBSG defined as integrated
risk management (ERM)
allows to integrate risk management with existing company processes. This helps
to define future events, which may affect company's future activities.
Moreover, such an approach necessitates evaluation of adopted strategy of
company management in the context of preparing it for future business
events. Integrated risk management
transforms common static approach into proactive management, into value
building with the use of working mechanisms of process management.
Another important
issue that affects not only public administration institutions but also private
enterprises is fraud and corruption. Corruption damages company's affairs. It
is very costly not only due to the mistaken decisions but also to the loss of
reputation. In order to prevent or eliminate such situations we recommend our
customers implement prevention
of corruption and fraud system , which by means of risk analysis allows for
effective management of corruption sensitive processes.
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