Concepts and Signs of Risk in Entrepreneurship

2020 ◽  
Vol 10 (2) ◽  
pp. 468
Author(s):  
Tatyana V. BODNAR ◽  
Viktoriia V. RІEZNIKOVA ◽  
Iryna M. KRAVETS
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Integrated Approach ◽  
Risk Theory ◽  
Theory Theory ◽  
Business Risk ◽  
Actual Result ◽  
Points Of View ◽  
Further Development ◽  
Benefit Theory

The article is devoted to the study of the concept and features of risks in entrepreneurship. The points of view of scientists concerning the concept of risks are analyzed, two main concepts of risk are outlined: classical and neoclassical. The focus is on several risk concepts in the context of the doctrine of objective liability for damages: integral risk theory, theory of spheres, risk-benefit theory. The article systemizes the existing approaches to the essence and content of such a phenomenon as a risk in entrepreneurship: (1) risk is interpreted as uncertainty, indeterminacy, attribute of decision-making in a situation of uncertainty; (2) the risk is defined as the probability of deviation of the actual result from the expected; (3) the risk arises as an activity; (4) the risk is treated as the threat (danger) of deviation of the results of specific decisions or actions from the expected; (5) risk is interpreted as a system (complex) of individual components and elements (integrated approach). Different points of view of researchers concerning the signs of entrepreneurial risks are considered, author's signs of risk in entrepreneurship are singled out. Two ways of further development of the economic legislation in the part of legal support of freedom of entrepreneurship, as well as risk inherent in it, business risk management, etc. are proposed.  

scholarly journals PENGEMBANGAN KERANGKA MANAJEMEN RISIKO PADA PERBANKAN SYARIAH

2019 ◽  
Vol 4 (1) ◽  
pp. 46-67
Author(s):  
Diah Novianti
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Risk Identification ◽  
The Other ◽  
Management Model ◽  
Islamic Banking ◽  
Business Activity ◽  
Business Risk ◽  
Management Framework ◽  
Risk Management Framework

Islamic banking such as the other business institution will face different kind of risk that inherent on its main business activity. In business, risk defined as a posibillity an can appear every time, before, when, and after the decision making. Islamic banking faced different risk with the conventional banking, because its uniquenes. Thus, the development of risk management framework in Islamic banking is very important to do, especially in frame of  risk identification, measuring, mitigation and monitoring. This paper will discuss about risk management in Islamic Banking, in theoretically and the implementation of risk management. The scope of this study will include the identification of risk in Islamic Banking, stage of risk management in Islamic Banking, risk management model, and also the devolpment of risk management framework in Islamic Banking.

Risk Taxonomy and Strategic Rationality in Enterprise Decision-Making Process

2018 ◽  
pp. 17-45 ◽  
Author(s):  
Luisa dall'Acqua
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
External Factors ◽  
Baseline Risk ◽  
Decision Making Process ◽  
Business Risk ◽  
Risk Taxonomy ◽  
Internal And External Factors ◽  
Social Components ◽  
Strategic Rationality

Over the last decade, risk management has become increasingly important both in financial and non-financial businesses. This is due to the increase in uncertainty caused by a number of internal and external factors. Genesis of business risk can be related to the divergence between external factors and components of organizational and operational structures of companies. In this chapter, a baseline risk taxonomy was proposed, and the cognitive, regulatory, and social components of risk inherent in a decision-making process were analyzed. A synthesis model was then elaborated, which exposes the relationships between decision-maker, decision-making, and environment for risk management, including through decision-making information technology.

scholarly journals Information Systems Risk Management: Litterature Review

2019 ◽  
Vol 12 (3) ◽  
pp. 1
Author(s):  
Soumaya Amraoui ◽  
Mina Elmaallam ◽  
Hicham Bensaid ◽  
Abdelaziz Kriouile
Keyword(s):  
Decision Making ◽  
Information System ◽  
Risk Management ◽  
Literature Review ◽  
Optimal Allocation ◽  
Management Process ◽  
Business Risk ◽  
Risk Management Process ◽  
A Company ◽  
Comparative Analyse

The security of a company's information system (IS) is an important requirement for the pursuit of its business. Risk management contributes to the protection of the IS assets. It saves the organism from the losses caused by the emergence of unwanted events having an incidence on the IS objectives and consequently on its strategy. It has also an important role in the decision making about entering new opportunities. In addition, it promises an optimal allocation of information system resources. The risk management process aims to analyze what can happen and what are the eventual consequences for the organization before deciding what needs to be done and reducing the risks to an acceptable level. This paper presents a literature review of IS risk management and gives a comparative analyse of its processes, methods and standards.

Studi Perilaku Anggota Unit Pengambil Keputusan Dalam Pembelian Organisasional: Sebuah Review Literatur

2017 ◽  
Vol 24 (1) ◽  
pp. 71-86
Author(s):  
Amin Wibowo
Keyword(s):  
Decision Making ◽  
Information Search ◽  
Search Time ◽  
Integrated Approach ◽  
Review Literature ◽  
Buying Behavior ◽  
Organizational Buying ◽  
Decision Making Unit ◽  
Behavior Based ◽  
Sharing Responsibility

Up to now, organizational buying is still interesting topic discussed. There are divergences among the findings in organizational buying researches. Different perspectives, fenomena observed, research domains and methods caused the divergences. This paper will discusse organizational buying behavior based on literature review, focused on behavior of decision making unit mainly on equipment buying. From this review literatures, it would be theoritical foundation that is valid and reliable to develop propositions in organizational buying behavior. Based on review literature refferences, variables are classified into: purchase situation, member of decision making unit perception, conflict among the members, information search, influences among members of decision making unit. Integrated approach is used to develop propositions relating to: purchasing complexity, sharing responsibility among the members, conflict in decision making unit, information search, time pressure as moderating variable between sharing responsibility and conflict in decision making unit, the influence among the members inside decision making unit and decision making outcome

FORMALIZED DESCRIPTION OF THE PROCEDURE OF INFORMATION SYSTEM RISK MANAGEMENT

2018 ◽  
pp. 61-70
Author(s):  
Svetlana Sergeevna Kozunova ◽  
Alla Grigorievna Kravets
Keyword(s):  
Information System ◽  
Risk Management ◽  
Negative Consequences ◽  
Management Procedure ◽  
System Risk ◽  
Weak Points ◽  
Formalized Description ◽  
Relationship Of ◽  
The Relationship ◽  
Further Development

The article highlights the aspects of risk management in the information system. According to the analysis of the work of Russian and foreign scientists and world practices in the field of risk management, it is stated that there is a need to improve the effectiveness of risk management of information system and to develop a method for managing the risks of the information system. As a solution to the problem of effective risk management of the information system, there has been proposed a formalized procedure for managing the risks of the information system. The scientific novelty of this solution is the use of decision space and optimization space to reduce risks. This procedure allows to assess the damage, risk and effectiveness of risk management of the information system. The risks of the information system are determined and analyzed; a pyramidal risk diagram is developed. This diagram allows you to describe the relationship of risks with the components of the information system. The negative consequences to which these risks can lead are given. The analysis of methods and approaches to risk management has been carried out. Based on the results of the analysis, the methods GRAMM, CORAS, GOST R ISO / IEC scored to the maximum. The weak points of these methods and the difficulty of applying these methods in practice are described. The developed formalized risk management procedure to control the risks of information system can be used as management system’s element of the information security quality that complies with the recommendations of GOST R ISO / IEC 27003-2012. The prospect of further development of the research results is the development of management systems of risk of information system.

Risk management and decision making in remediation option selection

2009 ◽  
Vol 17 (3) ◽  
pp. 345-353
Author(s):  
S. Colombano ◽  
C. Merly ◽  
H. Gaboriau
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Option Selection

Reasonable Bounds on Rationality

2020 ◽  
Author(s):  
Igor Grossmann ◽  
Richard Eibach
Keyword(s):  
Decision Making ◽  
Bounded Rationality ◽  
Cognitive Resources ◽  
Previous Theory ◽  
Making Choices ◽  
Points Of View ◽  
Sound Judgment

Previous theory and research on bounded rationality has emphasized how limited cognitive resources constrain people from making utility maximizing choices. This paper expands the concept of bounded rationality to consider how people’s rationality may be constrained by their internalization of a qualitatively distinct standard for sound judgment, which is commonly labeled reasonableness. In contrast to rationality, the standard of reasonableness provides guidance for making choices in situations that involve balancing incommensurable values and interests or reconciling conflicting points-of-view. We review recent evidence showing that laypeople readily recognize the distinctions between rationality and reasonableness and thus are able to utilize these as distinct standards to inform their everyday decision-making. The fact that people appear to have internalized rationality and reasonableness as distinct standards of sound judgment supports the notion that people’s pursuit of rationality may be bounded by their determination to also be reasonable.

E-Learning Business Risk Management with Real Options

2008 ◽  
Author(s):  
Georgios Angelou ◽  
Anastasios A. Economides
Keyword(s):  
Risk Management ◽  
Real Options ◽  
Business Risk ◽  
E Learning
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