03/05/2024
The purpose of this paper is to investigate how to make risk management systems (RMS) more effective. We identify a critical element for effective RMS, which is neglected in the literature, and argue that the potential of advanced RMS designs (e.g., enterprise risk management—ERM) depends on the interactive style of use.
However, interactive use is costly in terms of managers’ time and attention, so many organizations do not use RMS in this way.
business continuity planning