Risk management and organizational resistance to threats

Abstract

PURPOSE: The purpose of this article is to identify contemporary threats to organizations and determine their impact on organizational resilience. The publication addresses risk management and organizational resilience issues.

DESIGN/METHODOLOGY/APPROACH: The authors pointed out global threats to contemporary organizations and characterized risk management in the organization. They then conducted a detailed analysis of statistical data, both national and European Union statistics, regarding the use of information technology in enterprises. The impact of individual threats on their functioning was also analyzed. The following research problem was formulated: What impact do individual threats have on organizational resilience, and how can proper risk management help in combating them? For the purposes of the research, the method of literature analysis, internet sources, and a detailed analysis of data from national and foreign sources, mainly the Central Statistical Office and Eurostat, were used.

FINDINGS: Well-designed and implemented risk management can significantly increase the organization's resilience to threats. Thanks to it, the organization is better prepared to predict and identify threats, assess risk, take appropriate remedial actions, quickly respond to crisis events, and rebuild operations after a crisis event, allowing for increased resilience and opportunities for survival and development in an unstable environment.

PRACTICAL IMPLICATIONS: The article discusses basic concepts related to risk management and organizational resilience and presents examples of actions that organizations can implement to increase their resilience to threats.

ORIGINALITY/VALUE: In this article, the authors continue the discussion on risk management and organizational resilience, pointing out the need for research in the area of the impact of risk management on the organization's resilience to threats of various characteristics and the impact of risk management on various aspects of organizational functioning, such as financial results, reputation, or continuity of operation.