2013
DOI: 10.1007/978-88-470-2531-8
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Risk Management

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Cited by 11 publications
(4 citation statements)
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“…Because the risk is not bad and cannot be eliminated, and also some level of risk must be taken to progress/prevent stagnancy, universities or HEIs and their members then need to manage all the factors that increase and reduce risks so that they can pursue strategic advantage at minimum costs (Borghesi and Gaudenzi, 2013). Risk management is defined as a process aimed at an efficient balance between realizing opportunities for gains and minimizing vulnerabilities and losses.…”
Section: Risk and Risk Managementmentioning
confidence: 99%
“…Because the risk is not bad and cannot be eliminated, and also some level of risk must be taken to progress/prevent stagnancy, universities or HEIs and their members then need to manage all the factors that increase and reduce risks so that they can pursue strategic advantage at minimum costs (Borghesi and Gaudenzi, 2013). Risk management is defined as a process aimed at an efficient balance between realizing opportunities for gains and minimizing vulnerabilities and losses.…”
Section: Risk and Risk Managementmentioning
confidence: 99%
“…In an organization, the risk is a part of doing business; it is a challenge for every company. Risks can have consequences in financial, reputation, development and performance itself [1]. If an organization pays much attention to manage the risk effectively, it will help organizations to perform well in an uncertain environment.…”
Section: Introductionmentioning
confidence: 99%
“…Regarding risk identification, [3], [11], [12] agree on that this is a fundamental phase and the starting point for risk management implementation. Moreover, [13] indicates that risk identification should be exhaustive because any non-identified risk will not be included in posterior risk assessment. Figure 2 shows the main risk identification techniques proposed in the literature.…”
Section: Introductionmentioning
confidence: 99%
“…The most used techniques are qualitative ones, especially checklists, interviews and questionnaires. Borghesi and Gaudenzi [13] conclude that qualitative risk measurement is preferable when risk levels are relatively low and when obtaining the information required for a quantitative analysis is expensive. Furthermore, they recommend a quantitative analysis when sufficient information about risk is available and suitable for defining probabilities and consequences, and when this information is shared between many people with different organizational functions, which means that diversity over risk perception and knowledge exists.…”
Section: Introductionmentioning
confidence: 99%