As a risk management strategy, system safety utilizes system-based approach to identify and analyse potential hazards as well as apply potential control strategies designed to mitigate potential danger. Recent economic crisis with its magnitude brought risk management at the enterprise level to the forefront among government regulators and managers. Systemic approach to enterprise risk manag... read more

Institution

Ethical culture is based on the idea of supporting one another to become better people and on doing what is good to the world. BP saw an opportunity to tap into a new, profitable oil reservoir that would better the lives of the people who lived around (Freudenburg & Gramling 2011). They hired an oilrig from Transoce... read more

Abstract

This paper explores the problems of risk management and all the issues that concern such management, i.e. risk management review, risk and contract management, risk case study, risk management software. There are two questions current article answers. The first question dedicates to the brief discussion of the management ... read more

IHG’ risk management goals are necessarily aligned to its core purpose which is 'Great Hotels Guest Love'. IHG particularly aims at championing and protecting its trusted reputation of the company as well as its brands. It also seeks to become a one team which works together towards making and keeping the business fulfilling, resilient and safe. In ensuring this aspect in IHG, its brands, gu... read more

Introduction

Effective risk management is the process of evaluating and guarding against potential losses to the organization (Taravella,1990). The organization actively pursues risk in its operations by examining the quality of its internal controls, safety, actions of its staff on the job, and behavior of its volunteers in their ... read more