Management of Strategic Risks at the Process Level in Organization

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F14%3A43923476" target="_blank" >RIV/49777513:23510/14:43923476 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Management of Strategic Risks at the Process Level in Organization
Original language description
The article deals with demonstration, how to do an effective transfer of strategy into processes of a firm, with respect to potential risk impact. Behind standard access of strategic management, tools of risk management were used. Work with scenarios became a part of business plan design on the tactical management level. The leading master budget was elaborated with required volatility into partial budgets for operational management at the process level. Trigger points and Early Warning Signals were set. The specific risks cased failures in processes´ development must be harmonized with risks effecting development of scenarios. The convenient methodology for this purpose is FMEA methodology (Failure Mode and Effects Analysis). The purposeful tool for failures´ quantification for setting priorities with regard to theirs genesis, is RiskPriority Number (RPN). As our research demonstrated the application of these techniques bring desired growth of performance and financial stability accompanied by further potential of technical development and competitiveness maintenance.
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of The 24th International Business Information Management Association Conference
ISBN
978-0-9860419-3-8
ISSN
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e-ISSN
neuvedeno
Number of pages
7
Pages from-to
1364-1370
Publisher name
International Business Information Management Association (IBIMA)
Place of publication
Milan
Event location
Milan, Italy
Event date
Nov 6, 2014
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000360509300141

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