2012
DOI: 10.1057/rm.2012.9
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Managing risks through ISO 31000: A critical analysis

Abstract: Managing risks is a strategic challenge for organizations, which must face threats increasingly complex and diverse. Introduced in 2009, the ISO 31000 standard is intended to help organizations to manage in a systematic and comprehensive manner diverse types of risk by offering a universal framework ' to assist the organization to integrate risk management into its overall management system ' (ISO, 2009a, p. 9). This article aims to shed light on the contributions of this standard, while emphasizing the pitfal… Show more

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Cited by 101 publications
(65 citation statements)
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References 121 publications
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“…The literature expresses the need to predict important medium-long term issues to allow effective preventative action (FAO 2016b;Kleboth et al 2016). In response, research publications (Lalonde and Boiral 2012;Aven 2016;Kleboth et al 2016;Marvin et al 2016;Spink et al 2016b), government and regulatory guidance (FAO 2016b;PAS 96 2014;SSAFE 2015;FSA 2016;NSF International 2014;TiFSiP 2016;USP 2014) and international standards (e.g. BRC and COSO) provide guidance on the steps to eliminate these opportunities.…”
Section: Practicesmentioning
confidence: 99%
“…The literature expresses the need to predict important medium-long term issues to allow effective preventative action (FAO 2016b;Kleboth et al 2016). In response, research publications (Lalonde and Boiral 2012;Aven 2016;Kleboth et al 2016;Marvin et al 2016;Spink et al 2016b), government and regulatory guidance (FAO 2016b;PAS 96 2014;SSAFE 2015;FSA 2016;NSF International 2014;TiFSiP 2016;USP 2014) and international standards (e.g. BRC and COSO) provide guidance on the steps to eliminate these opportunities.…”
Section: Practicesmentioning
confidence: 99%
“…Controls are then the outcomes of risk treatment decisions, in which the purpose is to modify risk. [49].…”
Section: Twenty-first Centurymentioning
confidence: 99%
“…RM offers numerous advantages, but RM malpractices might complicate the implementation of RM (Corvellec 2009;Lalonde & Boiral 2012). Hence, identifying these factors would ensure that barriers to RM implementation could be overcome through a number of appropriate measures, such as awareness and training programs.…”
Section: Factors Influencing Risk Management Practicesmentioning
confidence: 99%