Operational Risk Management

Zarządzanie ryzykiem operacyjnym

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Operational Risk Management at PJATK »
Definitions and quotes »

⇑Operational Risk Management at PJATK

Language: Polish Studies in Polish

Subject area: economy and administration

University website: www.pja.edu.pl/en/

more on the website:
podyplomowe.pja.edu.pl/studia/podyplomowe/zarzadzanie-ryzykiem-operacyjnym/

⇑Definitions and quotes

Management

Management (or managing) is the administration of an organization, whether it is a business, a not-for-profit organization, or government body. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources. The term "management" may also refer to those people who manage an organization.

Wikipedia

Risk Management

Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risk management’s objective is to assure uncertainty does not deflect the endeavor from the business goals.

Wikipedia

Management

It is better to first get the right people on the bus, the wrong people off the bus, and the right people in the right seats, and then figure out where to drive.

Jim C. Collins (2001). Good to Great: Why Some Companies Make the Leap...and Others Don't p. 41.

Wikiquote

Management

Poorly managed corporations, disorganized businesses, and badly led service agencies experience crisis daily and most will eventually fail. In contrast, the danger is to well organized, smooth running institutions that may not recognize a building crisis. Too often, sound organizations rely on their normal modus operandi to pull them through a crisis. It might. But at what cost? And what if it does not pull them through?

Wheeler L. Baker, Crisis Management: A Model for Managers (1993), p. 6

Wikiquote

Management

Management as an activity has always existed to make people’s desires through organized effort. Management facilitates the efforts of people in organized groups and arises when people seek to cooperate to achieve goals.

Daniel A. Wren and Arthur G. Bedeian. The evolution of management thought, 1972, p. 11-12

Wikiquote

more on the website:
podyplomowe.pja.edu.pl/studia/podyplomowe/zarzadzanie-ryzykiem-operacyjnym/