RISK MANAGEMENT AND SUPPORTING INFORMATION PROCESS IN ONE RETAIL COMPANY

Abstract

Generally the development of the economy and society depends on the constant evolution. As by the continuous growth of the economy most of the organizations work for the maximum profit earning and also on the other risk management is essential for each organization. After the 2008 financial crises risk management becomes an important question for each organization [1]. Hence, we are going to study the risk management system of the selected organization and also study that how this organization use information and supporting systems as an important part of the risk assessment and risk management process. For understanding the risk management process and information systems we need to understand about the enterprise risk, enterprise risk management and business intelligence [2].Many of the researchers also discuss about these terms and in this research these terms also used. The operations of the company depend on the goals and objectives of the company. Hence, we say that there is a direct relationship between the strategy and the operational risk of the organization.