The Effect of Business Strategy and Stock Market Listing on the Use of Risk Assessment Tools

2018 ◽  
pp. 145-168
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Stock Market ◽  
Business Strategy ◽  
Manufacturing Firms ◽  
Perceived Usefulness ◽  
Assessment Tools ◽  
Risk Assessment Tools ◽  
Managing Risk ◽  
The Relationship

This chapter includes an empirical study aimed at exploring the effect of business strategy and stock market listing on the use of risk assessment tools. The study is based on a sample of large manufacturing firms. First, drawing from academic literature, the chapter provides an overview of risk management, regarded as the set of principles, frameworks and processes for managing risk, and considered as a critical aspect of MCS. Then, following a congruence approach as a form of contingency fit, research hypotheses are developed, focusing on two separate relationships: the relationship between business strategy and the use of risk assessment tools and the relationship between stock market listing and the use of risk assessment tools. Results reveal that the use (and the perceived usefulness) of risk assessment tools are not affected by business strategy, while an association is found between the use of risk assessment tools (and the perceived usefulness of risk maps) and stock market listing.

Integration of QbD risk assessment tools and overall risk management

Biologicals ◽  
2016 ◽  
Vol 44 (5) ◽  
pp. 341-351 ◽  
Author(s):  
Brian Kelley ◽  
Mary Cromwell ◽  
Joe Jerkins
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Assessment Tools ◽  
Risk Assessment Tools ◽  
Overall Risk

scholarly journals Good (or bad) vibrations: clinical intuition in violence risk assessment

2012 ◽  
Vol 18 (6) ◽  
pp. 447-456 ◽  
Author(s):  
Andrew Carroll
Keyword(s):  
Risk Assessment ◽  
Cost Benefit ◽  
Assessment Tools ◽  
Violence Risk ◽  
Analytic Thinking ◽  
Assessment Task ◽  
Intuitive Thinking ◽  
Risk Assessment Tools ◽  
Managing Risk ◽  
Modes Of Thought

SummaryAssessment and management of the risk of violence in psychiatry inevitably and appropriately draws on emotionally laden ‘intuitive’ modes of thought, as well as deliberative analytic thinking. This article discusses the concept of ‘intuition’ and proposes a brief set of guidelines, derived from work by the cognitive psychologist Robin Hogarth, by which intuitive thinking may be applied by clinicians when undertaking risk assessment work. The guidelines are: consider the learning structure relevant to the risk assessment task; use your own emotions as a source of data; impose ‘circuit breakers' such as cost–benefit analyses and validated structured risk assessment tools; and use a narrative approach to develop formulations. The guidelines are intended to provide a framework for ongoing reflective practice in assessing and managing risk.

scholarly journals Signs of Resistance? Swedish Probation Officers' Attitudes towards Risk Assessments

2011 ◽  
Vol 3 (3) ◽  
pp. 95-107 ◽  
Author(s):  
Anders Persson ◽  
Kerstin Svensson
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Probation Officers ◽  
Assessment Tools ◽  
Risk Assessments ◽  
What Works ◽  
Risk Assessment Tools ◽  
Probation Service ◽  
Organizational Logic ◽  
Risk Concept

The Swedish Prison and Probation Service has been influenced by the ‘What Works’ agenda since the late 1990's and an orientation towards risk and risk management has gradually become visible in the organization. But there is, within the probation service, a discrepancy between two types of logics — an organizational logic and a professional logic. Although guidelines prescribe the use of risk-assessment tools, they are in reality seldom used by practitioners. Through an examination of the reasons given by the probation officers who expressed doubts or concerns about the risk-concept, we question whether this could be seen as signs of resistance based on professional logic.

scholarly journals HARM and AIS as risk assessment tools in forensic psychiatry: benefits and limitations of their use in France

2018 ◽  
Vol 1 (1) ◽  
pp. 32-35 ◽  
Author(s):  
Noëmie Praud ◽  
Sebastien S Prat
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Forensic Psychiatry ◽  
Assessment Tools ◽  
Management Tools ◽  
Risk Assessment Tools ◽  
Risk Assessment And Management

In this letter, the authors review briefly the concept of risk assessment in psychiatry. They provide knowledge about the use of the Hamilton Anatomy of Risk Management (HARM) and Aggressive Incidents Scale (AIS), as risk assessment and management tools. They look at the limitations and benefits of using these assessment tools in France. (article in French)

Risk assessment

2018 ◽  
pp. 139-152
Author(s):  
Maria Flynn ◽  
Dave Mercer
Keyword(s):  
Risk Assessment ◽  
Decision Making ◽  
Nursing Care ◽  
Assessment Tools ◽  
Risk Assessments ◽  
Care Services ◽  
Risk Assessment Tools ◽  
Healthcare Environments ◽  
Managing Risk ◽  
Routine Procedures

General adult nurses work with people in hospitals, hospices, community care services, and people’s homes. Irrespective of the place of work, there will be many routine procedures which are an important part of reducing risk to people and organizing subsequent nursing work. It is recognized that all organizations will have different risk assessment tools and recording procedures, but there are generic principles of safety which underpin all these tools. An important aspect of nursing decision-making and practice is understanding and managing risk, and factoring risk management into the planning and delivery of nursing care. This chapter considers the broad principles of risk assessments which are widely used across healthcare environments.

Reinvigorating Organizational Effectiveness and Sustainability Through Risk Assessment Tools Within the Construction Industry

2021 ◽  
pp. 139-160
Author(s):  
K. Madhu Kishore Raghunath ◽  
S. L. Tulasi Devi ◽  
K. Anuradha ◽  
K. Valli Sri Krishna Veni
Keyword(s):  
Risk Factors ◽  
Risk Assessment ◽  
Risk Management ◽  
Construction Industry ◽  
Organizational Effectiveness ◽  
Assessment Tools ◽  
Perceived Benefits ◽  
Organisational Effectiveness ◽  
Risk Assessment Tools ◽  
Set Up

“Risk comes from not knowing what one is doing” is the what everyone believes in, and when it comes to business organisations, it is inevitable. In this modern set up, every organisation has to be vigilante towards the unforeseen risk factors and uncertain situation they tend to face as organisations grow. The landscapes of risks globally have become quite dynamic, making them hard to predict and identify, which calls for a reform in the risk management toolkit of every organisation so as to not just assess risk beforehand but also to mitigate it in time. The authors in the present study construct critical investigative insights regarding how these risk assessment tools (qualitative, quantitative, and hybrid) are effective in enhancing organisational effectiveness in view of their perceived benefits.

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