Process or behaviour: which is the risk and which is to be managed?

Article

Navare, J. 2003. Process or behaviour: which is the risk and which is to be managed? Managerial Finance. 29 (5/6), pp. 6-19. https://doi.org/10.1108/03074350310768724
TypeArticle
TitleProcess or behaviour: which is the risk and which is to be managed?
AuthorsNavare, J.
Abstract

Based on the belief that it is behaviour which constitutes risk rather than procedures, the paper focuses on the awareness of behavioural aspects in risk management techniques and the consequences that arise out of this awareness. It questions the traditional thinking that risk management is predominantly a set of procedures in the control of risk. The paper also considers the part played by public policy in managing risk and changing behaviour. The paper concludes that it is behaviour, and not the set of procedures, which is the risky factor; therefore in risk management there is need to focus on developing human behaviour that is capable of being flexible in an event.

PublisherEmerald
JournalManagerial Finance
ISSN0307-4358
Publication dates
PrintMay 2003
Publication process dates
Deposited29 Apr 2010
Output statusPublished
Digital Object Identifier (DOI)https://doi.org/10.1108/03074350310768724
LanguageEnglish
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