Effective Risk Management In Organizations:The Nigerian Experience

Authors

  • Ndubuisi Okolo Nnamdi Azikiwe University, Awka
  • Okonkwo Rita Ifeoma Nnamdi Azikiwe University, Awka
  • Ifeoma Amakor Nnamdi Azikiwe University, Awka

DOI:

https://doi.org/10.24297/ijct.v10i8.1466

Keywords:

Risk, Risk management, effective risk management, risk culture, risk attitude, risk appetite and organizations

Abstract

This study is an investigation on effective risk management with respect to organizations in Nigeria. The objective of the paper is to examine factors militating against effective risk management in organizations. The paper adopted content analysis of library materials, journal publications, internet materials and other documented materials relevant to the subject matter. It was concluded that effective risk management is a proactive approach towards mitigating the impact of threats, maximizing opportunities and optimizing the achievement of objectives. It was recommended that managers of organizations in Nigeria should imbibe and articulate good corporate risk attitude, strong risk culture and clearer risk appetite.

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Author Biographies

Ndubuisi Okolo, Nnamdi Azikiwe University, Awka

Department Of Business Administration

Okonkwo Rita Ifeoma, Nnamdi Azikiwe University, Awka

Department Of Business Administration

Ifeoma Amakor, Nnamdi Azikiwe University, Awka

Department Of Banking And Finance

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Published

2013-08-30

How to Cite

Okolo, N., Ifeoma, O. R., & Amakor, I. (2013). Effective Risk Management In Organizations:The Nigerian Experience. INTERNATIONAL JOURNAL OF COMPUTERS &Amp; TECHNOLOGY, 10(8), 1878–1883. https://doi.org/10.24297/ijct.v10i8.1466

Issue

Section

Research Articles