Research Proposal : Risk Management

2089 Words Aug 29th, 2014 9 Pages
Research proposal

Stephen Ebonine
Birkbeck College, University of London

Risk Management is a relevant task in a management such as marketing, purchasing and finance. If we look at its functional aspect, we can easily observe that is used by every country to direct the realisation of the economic objectives. The Oxford English dictionary defines risk as” possibility of danger, loss, injury or other adverse consequences”
To give a technical definition of risk we have to subdivide it in different stages and examine all its different aspects. At the first stage the term risk was only used to identify the threats in management and later extended to threats that could impact on the all organization. The “Australia/New Zealand standard (1999)” defines risk as: the chance of something happening that will have a serious impact in the organization.
The recent economic negative events of 2008 and 2009 have significantly affected various organizations, so that’s why the majority of them are trying to introduce some relevant changes on their risk management practices and the management teams are asked to participate actively in risk assessment and risk management initiatives.
The purpose of this research proposal is to discuss the role of risk management in an organization and examine the possibility of reassessing and implementing risk management.

Literature Review
The concept of risk has been always at centre of all the finance theory and practice…
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