Strategic risk management in some large Colombian private companies
Main Article Content
Keywords
risk, risk management, strategic, strategic risk
Abstract
Strategic risk management is a continuous activity that identifies the events that affect the capacity of an organization in creating value and which can hinder the attainment of its strategic goals. This activity requires a framework that defines the structure, roles, responsibilities, policies, risk appetite and the integration with strategy and organizational management. The main goal of this article is to describe how some large Colombian private companies do their strategic risk management. Qualitative methods were used and five semi structured interviews were conducted with leaders in strategic risk management from large energy, brewing, food and soft drink companies. One of the main findings was the importance of an integrated strategic and risk managment in the companies, so as to mitigate the impact of negative events and take advantage of the timely identification of opportunities. It was also found that thorough qualitative and quantitative information available in the analysis of risk helps to reduce existing uncertainty. From the knowledge of these processes, this article proposes a starting point for organizations that wish to implement strategic risk management as a mobilizer for the achievement of business objectives.
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References
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Beasly, M., Chen, A., Nunez, K., y Wright, L. (2006). Working Hand in Hand: Balanced scoredcards and Enterprise risk management. Strategic finance, 625-657.
Blanco, E. (2014). Estrategia: conceptos y vínculos. Debates IESA, 19(1), 36-39.
Blok, M., van Ingen, E., de Boer, A. H., y Slootman, M. (2020). The use of information and communication technologies by older people with cognitive impairments: from barriers to benefits. Computers in Human Behavior, 104(March 2020), 106173.
https://doi.org/10.1016/j.chb.2019.106173
Bolaño-Rodríguez, Y., Alfonso-Robaina, D., Ramírez-Moro, A., y Hernández-Rodríguez, A. (2011). Método de identificación, medición, evaluación de riesgos para la dirección estratégica. Ingeniería Industrial, 32(2), 162.
Bueno, G., Correa, C., y Echeverry, J. (2010). Administración de riesgos: Una visión global y moderna (Trabajo Monográfico para la obtención del Título de Contador Público). Universidad de la República, Montevideo, Uruguay.
Celada, E., Quintero, G., y Ríos, T. (2016). Gobierno, riesgo y cumplimiento básicos para Pymes (Tesis de Maestría). Universidad EAFIT, Medellín, Antioquia.
Chandler, A. (1990). Strategy and structure: Chapters in the history of the American industrial enterprise. Cambridge, USA: MIT press.
Chapman, R. J. (2011). Simple Tools and Techniques for Enterprise Risk Management. Hoboken, NJ: John Wiley & Sons.
Creswell, J. W. (2002). Educational research: Planning, conducting, and evaluating quantitative and qualitative research. Upper Saddle River, NJ: Pearson Education.
COSO Committee of Sponsoring Organizations of the Treadway. (2017). Marco de Gestión de Riesgos Empresarial COSO ERM. Recuperado de https://auditoresinternos.es/uploads/media_items/coso-2018-esp.original.pdf
Deloitte. (2012). Administración de la empresa inteligente frente al riesgo. Recuperado de https://www2.deloitte.com/content/dam/Deloitte/co/Documents/risk/InteligenciaFrentealRiesgo/Administracion%20del%20riesgo%20(2).pdf
Deloitte. (2016). Strategic risk: A cornestone of risk transformation. Recuperado de http://www2.deloitte.com/global/en/pages/risk/articles/implementing-risk-transformation-in-organizations.html
Grifell, E., y Marqués, P. (2005). El riesgo en dirección estratégica: evaluación del desempeño competitivo. Cuadernos de economía y dirección de la empresa, (22), 81-106.
Faleato, J. (2013). La implantación del apetito de riesgo. Revista contable, 76 - 81.
Federación de Asociaciones Europeas de Gestión del Riesgo [FERMA, Federation of European Risk Management Associations]. (2002). Estandar Ferma. Recuperado de https://www.ferma.eu/app/uploads/2011/11/a-risk-management-standard-spanish-version.pdf
Financial Institutions Supervision, Bank of Thailand. (2003). Strategic Risk Manual. Recuperado de https://www.bot.or.th/English/FinancialInstitutions/PruReg_HB/RiskMgt_Manual/DocLib_DocumentForDownload/RiskManagementExaminationManaul_01_FullVersion.pdf
Fraser, J. R. S., y Simkins, B. J. (2016). The challenges of and solutions for implementing enterprise risk management. Business Horizons, 59(6), 689-698. https://doi.org/10.1016/j.bushor.2016.06.007
Frigo, M., y Anderson, R. (2009). ERM Estrategic risk management. Strategic Finance, 25-34.
Frigo, M., y Anderson, R. (2011). Strategic risk management: A foundation for improving enterprise risk management and governance. Journal of Corporate Accounting & Finance, 81-88.
Gatzert, N., y Schmit, J. (2016). Supporting strategic success through enterprise-wide reputation risk management. Journal of Risk Finance, 17(1), 26-45.
Galeano, M. (2004). Diseño de proyectos en la investigación cualitativa. Medellín: Universidad EAFIT.
Gontarek, W., y Bender, R. (2019). Examining risk governance practices in global financial institutions: the adoption of risk appetite statements. Journal of Banking Regulation, 20(1), 74-85. https://doi.org/10.1057/s41261-018-0067-2
Govender, D. (2018). The use of the risk management model ISO 31000 by private security companies in South Africa. Security Journal, 32(3), 218-235. https://doi.org/10.1057/s41284-018-0158-x
Green, P.E.J. (2016). Introduction to Risk Management Principles (Book Chapter). Enterprise Risk Management: A Common Framework for the Entire Organization. 1-13.
Hernández-Samperi, R. y Mendoza, C. (2018). Metodología de la investigación. Las rutas cuantitativa, cualitativa y mixta. México: Editorial Mc Graw Hill Education.
Hillson, D. A. (1997). Toward a risk maturity model. The international journal of project & Business risk management, 35-45.
Holcomb, J. (2006). Managing strategic risk. En US Army War College Guide to National Security Policy and Strategy (143-154).
Carlisle, Pennsylvania: J. Boone Bartholomees, Jr. Department of National Security and Strategy.
Instituto de Auditores Internos de España. (2012). Definición e implantación de apetito de riesgo. Recuperado de https://auditoresinternos.es/uploads/media_items/apetito-de-riesgo-libro.original.pdf
Organización Internacional de Normalización [ISO, International Organization for Standardization]. (2018). ISO 31000 Risk management - Guidelines [en línea]. Recuperado de https://www.iso.org/obp/ui#iso:std:iso:31000:ed-2:v1:es
Jhonson, G., Scholes, K., y Whittington, R. (2010). Dirección estratégica. Barcelona: Pearson.
Kaplan, R., y Norton, D. (2008). The Execution Premium: Integrando la estrategia y las operaciones para lograr ventajas competitivas. Barcelona: Deusto.
Kaplan, R.S., y Mikes, A. (2012). Managing risks: A new frame- work. Harvard Business Review, 90(6), 48-60.
Kasim, M. A. (2016). Unravelling the Myths of Enterprise Risk Management (ERM) and Shareholders’ Wealth. International Journal of Emerging Research in Management & Technology, 5(11), 4-15.
Kheirandish, A., y Banihashemi, S. Y. (2016). Process Approach to Enterprise Risk Management. 2nd International Conference on Industrial and Systems Engineering (ICISE) Process.
Lechner, P. y Gatzert, N. (2017). Determinants and value of enterprise risk management: empirical evidence from Germany. The European Journal of Finance, 24(10), 867-887, doi: 10.1080/1351847X.2017.1347100
Lin, Y., Yut, J., y Wen, M. (2012). Enterprise Risk Management: Strategie Anteeedents, Risk Integration 1. North American Actuarial journal, 1-28.
López Herrera, F., y Salas Harms, H. (2009). La investigación cualitativa en administración. Cinta de Moebio (35), 128-145 .
Lotti Oliva, F. (2016). A maturity model for enterprise risk management. International Journal of Production Economics, 66 - 79.
Marsh, y The Risk Management Society. (2018). Navegando la incertidumbre: III Benchmark de gestión de riesgos en latinoamérica. Recuperado de https://www.marsh.com/pa/es/insights/research/iii-benchmark-de-gestion-de-riesgos-en-latinoamerica.html
McConnell, P. (2013). Strategic risk: the beanstalk syndrome. Journal of Risk Management in Financial Institutions, 6(3), 229-252.
Mejía, R. (2013). Identificación de riesgos. Medellín: Fondo Editorial Universidad EAFIT.
Meulbroek, L. (2002). Integrated Risk Management for the Firm: A Senior Manager’s Guide. Journal of Applied Corporate Finance, 56-70.
Minztberg, H., Ahlstrand, B., y Lampel, J. (2007). Safari a la estrategia: una visita guiada por la jungla del management estratégico. Buenos Aires: Granica.
Mishra, B.K., Rolland, E., Satpathy, A., y Moore, M. (2019). A framework for enterprise risk identification and management: the resource-based view. Managerial Auditing Journal, 34(2),162-188.
Nieto, V. M., Tomoté, J. A., Sánchez, A. F., y Villareal, S. (2015). La clasificación por tamaño empresarial en Colombia: Historia y limitaciones para una propuesta. Archivos de economía. Recuperado de https://ideas.repec.org/p/col/000118/013649.html
Ojeka, S. A., Adegboye, A., Adegboye, K., Alabi, O., Afolabi, M., y Iyoha, F. (2019). Chief financial officer roles and enterprise risk management: An empirical based study. Heliyon, 5(6), e01934. https://doi.org/10.1016/j.heliyon.2019.e01934
Oliveira, K., Méxas, M., Meiriño, M., y Drumond, G. (2018). Critical success factors associated with the implementation of enterprise risk management. Journal of Risk Research, 9877, 1-16. https://doi.org/10.1080/13669877.2018.1437061
Palinkas, L.A., Horwitz, S.M., Green, C.A., Wisdom, J.P., Duan, N y Hoagwood, K. (2015). Purposeful Sampling for Qualitative Data Collection and Analysis in Mixed Method Implementation Research. Políty Adm. Ment. Salud, 42(2015), 533-544. https://doi-org.ezproxy.eafit.edu.co/10.1007/s10488-013-0528-y
Pascual, R. (2008). Nuevos retos de la gerencia de riesgos: un modelo de gestión y retención del talento. Gerencia de Riesgos, 38-47.
Pierce, E. M., y Goldstein, J. (2018). ERM and strategic planning: A change in paradigm. International Journal of Disclosure and Governance, 15(1), 51-59. https://doi.org/10.1057/s41310-018-0033-3
Porter, M. (2008). Competitive strategy: Techniques for analyzing industries and competitors. Nueva York: Simon and Schuster.
Rostami, A., Sommerville, J., Wong, I.L., y Lee, C. (2014). Using appropriate tools and techniques for risk identification in UK construction's SMEs. Proceedings 30th Annual Association of Researchers in Construction Management Conference, ARCOM 2014, 1389-1398.
Slagmulder, R., y Devoldere, B. (2018). Transforming under deep uncertainty: A strategic perspective on risk management. Business Horizons, 61(5), 733-743. https://doi.org/10.1016/j.bushor.2018.05.001
Smith, C.L., y Brooks, D.J. (2013). Security science: The theory and practice of security. Waltham: Butterworth-Heineman.
Soltanizadeh, S., Rasid, S. Z. A., Golshan, N., Quoquab, F., y Basiruddin, R. (2014). Enterprise Risk Management Practices among
Malaysian Firms. Procedia - Social and Behavioral Sciences, 164(August), 332-337. https://doi.org/10.1016/j.sbspro.2014.11.084
Trullenque, F. E. (2003). Gestion Estratégica del Riesgo: Cómo gestionar la incertidumbre. Estrategia Financiera(193), 12-18.
Urmeneta, R. (2016). Dinámica de las empresas exportadoras en América Latina. El aporte de las pymes. Recuperado de http://repositorio.cepal.org/bitstream/handle/11362/40296/1/S1600377_es.pdf
Vij, M. (2019). The emerging importance of risk management and enterprise risk management strategies in the Indian hospitality industry. Worldwide Hospitality and Tourism Themes, 11(4), 392-403. https://doi.org/10.1108/whatt-04-2019-0023
Viscelli, T.E, Hermanson, D.R, y Beasly, M.S. (2017). The integration of ERM and strategy: Implicationes for corporative governance. Accounting Horizons, 31(2), 69-82. https://doi.org/10.2308/acch-51692
Wieczorek Kosmala, M. (2014). Risk Management practices from risk maturiti models perspective. Journal for East European Management Studies, 133-135.
Yin, R. (2009). Case Study Research: Design and Methods. Fourth edition. Thousand Oaks, CA: Sage Publications.
Young, J. (2014). Operational Risk Management. 2nd ed. Pretoria: Van Schaik Publishers.
Young, J. (2018). Guiding Criteria for an Operational Risk Management Framework for South African Municipalities. Administratio Publica, 26(1), 9-41.
Beasley, M., Branson, B., y Hancock, B. (2010). Developing key risk indicators to strengthen enterprise risk management. Raleigh: NC.
Beasly, M., Chen, A., Nunez, K., y Wright, L. (2006). Working Hand in Hand: Balanced scoredcards and Enterprise risk management. Strategic finance, 625-657.
Blanco, E. (2014). Estrategia: conceptos y vínculos. Debates IESA, 19(1), 36-39.
Blok, M., van Ingen, E., de Boer, A. H., y Slootman, M. (2020). The use of information and communication technologies by older people with cognitive impairments: from barriers to benefits. Computers in Human Behavior, 104(March 2020), 106173.
https://doi.org/10.1016/j.chb.2019.106173
Bolaño-Rodríguez, Y., Alfonso-Robaina, D., Ramírez-Moro, A., y Hernández-Rodríguez, A. (2011). Método de identificación, medición, evaluación de riesgos para la dirección estratégica. Ingeniería Industrial, 32(2), 162.
Bueno, G., Correa, C., y Echeverry, J. (2010). Administración de riesgos: Una visión global y moderna (Trabajo Monográfico para la obtención del Título de Contador Público). Universidad de la República, Montevideo, Uruguay.
Celada, E., Quintero, G., y Ríos, T. (2016). Gobierno, riesgo y cumplimiento básicos para Pymes (Tesis de Maestría). Universidad EAFIT, Medellín, Antioquia.
Chandler, A. (1990). Strategy and structure: Chapters in the history of the American industrial enterprise. Cambridge, USA: MIT press.
Chapman, R. J. (2011). Simple Tools and Techniques for Enterprise Risk Management. Hoboken, NJ: John Wiley & Sons.
Creswell, J. W. (2002). Educational research: Planning, conducting, and evaluating quantitative and qualitative research. Upper Saddle River, NJ: Pearson Education.
COSO Committee of Sponsoring Organizations of the Treadway. (2017). Marco de Gestión de Riesgos Empresarial COSO ERM. Recuperado de https://auditoresinternos.es/uploads/media_items/coso-2018-esp.original.pdf
Deloitte. (2012). Administración de la empresa inteligente frente al riesgo. Recuperado de https://www2.deloitte.com/content/dam/Deloitte/co/Documents/risk/InteligenciaFrentealRiesgo/Administracion%20del%20riesgo%20(2).pdf
Deloitte. (2016). Strategic risk: A cornestone of risk transformation. Recuperado de http://www2.deloitte.com/global/en/pages/risk/articles/implementing-risk-transformation-in-organizations.html
Grifell, E., y Marqués, P. (2005). El riesgo en dirección estratégica: evaluación del desempeño competitivo. Cuadernos de economía y dirección de la empresa, (22), 81-106.
Faleato, J. (2013). La implantación del apetito de riesgo. Revista contable, 76 - 81.
Federación de Asociaciones Europeas de Gestión del Riesgo [FERMA, Federation of European Risk Management Associations]. (2002). Estandar Ferma. Recuperado de https://www.ferma.eu/app/uploads/2011/11/a-risk-management-standard-spanish-version.pdf
Financial Institutions Supervision, Bank of Thailand. (2003). Strategic Risk Manual. Recuperado de https://www.bot.or.th/English/FinancialInstitutions/PruReg_HB/RiskMgt_Manual/DocLib_DocumentForDownload/RiskManagementExaminationManaul_01_FullVersion.pdf
Fraser, J. R. S., y Simkins, B. J. (2016). The challenges of and solutions for implementing enterprise risk management. Business Horizons, 59(6), 689-698. https://doi.org/10.1016/j.bushor.2016.06.007
Frigo, M., y Anderson, R. (2009). ERM Estrategic risk management. Strategic Finance, 25-34.
Frigo, M., y Anderson, R. (2011). Strategic risk management: A foundation for improving enterprise risk management and governance. Journal of Corporate Accounting & Finance, 81-88.
Gatzert, N., y Schmit, J. (2016). Supporting strategic success through enterprise-wide reputation risk management. Journal of Risk Finance, 17(1), 26-45.
Galeano, M. (2004). Diseño de proyectos en la investigación cualitativa. Medellín: Universidad EAFIT.
Gontarek, W., y Bender, R. (2019). Examining risk governance practices in global financial institutions: the adoption of risk appetite statements. Journal of Banking Regulation, 20(1), 74-85. https://doi.org/10.1057/s41261-018-0067-2
Govender, D. (2018). The use of the risk management model ISO 31000 by private security companies in South Africa. Security Journal, 32(3), 218-235. https://doi.org/10.1057/s41284-018-0158-x
Green, P.E.J. (2016). Introduction to Risk Management Principles (Book Chapter). Enterprise Risk Management: A Common Framework for the Entire Organization. 1-13.
Hernández-Samperi, R. y Mendoza, C. (2018). Metodología de la investigación. Las rutas cuantitativa, cualitativa y mixta. México: Editorial Mc Graw Hill Education.
Hillson, D. A. (1997). Toward a risk maturity model. The international journal of project & Business risk management, 35-45.
Holcomb, J. (2006). Managing strategic risk. En US Army War College Guide to National Security Policy and Strategy (143-154).
Carlisle, Pennsylvania: J. Boone Bartholomees, Jr. Department of National Security and Strategy.
Instituto de Auditores Internos de España. (2012). Definición e implantación de apetito de riesgo. Recuperado de https://auditoresinternos.es/uploads/media_items/apetito-de-riesgo-libro.original.pdf
Organización Internacional de Normalización [ISO, International Organization for Standardization]. (2018). ISO 31000 Risk management - Guidelines [en línea]. Recuperado de https://www.iso.org/obp/ui#iso:std:iso:31000:ed-2:v1:es
Jhonson, G., Scholes, K., y Whittington, R. (2010). Dirección estratégica. Barcelona: Pearson.
Kaplan, R., y Norton, D. (2008). The Execution Premium: Integrando la estrategia y las operaciones para lograr ventajas competitivas. Barcelona: Deusto.
Kaplan, R.S., y Mikes, A. (2012). Managing risks: A new frame- work. Harvard Business Review, 90(6), 48-60.
Kasim, M. A. (2016). Unravelling the Myths of Enterprise Risk Management (ERM) and Shareholders’ Wealth. International Journal of Emerging Research in Management & Technology, 5(11), 4-15.
Kheirandish, A., y Banihashemi, S. Y. (2016). Process Approach to Enterprise Risk Management. 2nd International Conference on Industrial and Systems Engineering (ICISE) Process.
Lechner, P. y Gatzert, N. (2017). Determinants and value of enterprise risk management: empirical evidence from Germany. The European Journal of Finance, 24(10), 867-887, doi: 10.1080/1351847X.2017.1347100
Lin, Y., Yut, J., y Wen, M. (2012). Enterprise Risk Management: Strategie Anteeedents, Risk Integration 1. North American Actuarial journal, 1-28.
López Herrera, F., y Salas Harms, H. (2009). La investigación cualitativa en administración. Cinta de Moebio (35), 128-145 .
Lotti Oliva, F. (2016). A maturity model for enterprise risk management. International Journal of Production Economics, 66 - 79.
Marsh, y The Risk Management Society. (2018). Navegando la incertidumbre: III Benchmark de gestión de riesgos en latinoamérica. Recuperado de https://www.marsh.com/pa/es/insights/research/iii-benchmark-de-gestion-de-riesgos-en-latinoamerica.html
McConnell, P. (2013). Strategic risk: the beanstalk syndrome. Journal of Risk Management in Financial Institutions, 6(3), 229-252.
Mejía, R. (2013). Identificación de riesgos. Medellín: Fondo Editorial Universidad EAFIT.
Meulbroek, L. (2002). Integrated Risk Management for the Firm: A Senior Manager’s Guide. Journal of Applied Corporate Finance, 56-70.
Minztberg, H., Ahlstrand, B., y Lampel, J. (2007). Safari a la estrategia: una visita guiada por la jungla del management estratégico. Buenos Aires: Granica.
Mishra, B.K., Rolland, E., Satpathy, A., y Moore, M. (2019). A framework for enterprise risk identification and management: the resource-based view. Managerial Auditing Journal, 34(2),162-188.
Nieto, V. M., Tomoté, J. A., Sánchez, A. F., y Villareal, S. (2015). La clasificación por tamaño empresarial en Colombia: Historia y limitaciones para una propuesta. Archivos de economía. Recuperado de https://ideas.repec.org/p/col/000118/013649.html
Ojeka, S. A., Adegboye, A., Adegboye, K., Alabi, O., Afolabi, M., y Iyoha, F. (2019). Chief financial officer roles and enterprise risk management: An empirical based study. Heliyon, 5(6), e01934. https://doi.org/10.1016/j.heliyon.2019.e01934
Oliveira, K., Méxas, M., Meiriño, M., y Drumond, G. (2018). Critical success factors associated with the implementation of enterprise risk management. Journal of Risk Research, 9877, 1-16. https://doi.org/10.1080/13669877.2018.1437061
Palinkas, L.A., Horwitz, S.M., Green, C.A., Wisdom, J.P., Duan, N y Hoagwood, K. (2015). Purposeful Sampling for Qualitative Data Collection and Analysis in Mixed Method Implementation Research. Políty Adm. Ment. Salud, 42(2015), 533-544. https://doi-org.ezproxy.eafit.edu.co/10.1007/s10488-013-0528-y
Pascual, R. (2008). Nuevos retos de la gerencia de riesgos: un modelo de gestión y retención del talento. Gerencia de Riesgos, 38-47.
Pierce, E. M., y Goldstein, J. (2018). ERM and strategic planning: A change in paradigm. International Journal of Disclosure and Governance, 15(1), 51-59. https://doi.org/10.1057/s41310-018-0033-3
Porter, M. (2008). Competitive strategy: Techniques for analyzing industries and competitors. Nueva York: Simon and Schuster.
Rostami, A., Sommerville, J., Wong, I.L., y Lee, C. (2014). Using appropriate tools and techniques for risk identification in UK construction's SMEs. Proceedings 30th Annual Association of Researchers in Construction Management Conference, ARCOM 2014, 1389-1398.
Slagmulder, R., y Devoldere, B. (2018). Transforming under deep uncertainty: A strategic perspective on risk management. Business Horizons, 61(5), 733-743. https://doi.org/10.1016/j.bushor.2018.05.001
Smith, C.L., y Brooks, D.J. (2013). Security science: The theory and practice of security. Waltham: Butterworth-Heineman.
Soltanizadeh, S., Rasid, S. Z. A., Golshan, N., Quoquab, F., y Basiruddin, R. (2014). Enterprise Risk Management Practices among
Malaysian Firms. Procedia - Social and Behavioral Sciences, 164(August), 332-337. https://doi.org/10.1016/j.sbspro.2014.11.084
Trullenque, F. E. (2003). Gestion Estratégica del Riesgo: Cómo gestionar la incertidumbre. Estrategia Financiera(193), 12-18.
Urmeneta, R. (2016). Dinámica de las empresas exportadoras en América Latina. El aporte de las pymes. Recuperado de http://repositorio.cepal.org/bitstream/handle/11362/40296/1/S1600377_es.pdf
Vij, M. (2019). The emerging importance of risk management and enterprise risk management strategies in the Indian hospitality industry. Worldwide Hospitality and Tourism Themes, 11(4), 392-403. https://doi.org/10.1108/whatt-04-2019-0023
Viscelli, T.E, Hermanson, D.R, y Beasly, M.S. (2017). The integration of ERM and strategy: Implicationes for corporative governance. Accounting Horizons, 31(2), 69-82. https://doi.org/10.2308/acch-51692
Wieczorek Kosmala, M. (2014). Risk Management practices from risk maturiti models perspective. Journal for East European Management Studies, 133-135.
Yin, R. (2009). Case Study Research: Design and Methods. Fourth edition. Thousand Oaks, CA: Sage Publications.
Young, J. (2014). Operational Risk Management. 2nd ed. Pretoria: Van Schaik Publishers.
Young, J. (2018). Guiding Criteria for an Operational Risk Management Framework for South African Municipalities. Administratio Publica, 26(1), 9-41.
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Published
Jun 30, 2020
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How to Cite
Palacio Giraldo, A. L., & Nuñez, M. A. (2020). Strategic risk management in some large Colombian private companies. AD-Minister, (36), 67–96. https://doi.org/10.17230/Ad-minister.36.4
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Author Biographies
Andrea Lucia Palacio Giraldo, Compañía Colombia Movil S.A. E.S.P. Tigo
Master in Risk Management from EAFIT University. Member of Compañía Colombia Movil S.A. E.S.P. Tigo, where he works as a business continuity analyst. Email: andreapg78@hotmail.com. ORCID identifier: https://orcid.org/0000-0002-0828-4568Maria Antonia Nuñez, Universidad EAFIT
Master in Risk and Insurance Management from the Universidad Pontificia de Salamanca. Full-time professor in the Department of Public Accounting, attached to the School of Administration of the EAFIT University, Medellín, Colombia. Email: mnunezpa@eafit.edu.co. ORCID identifier: https://orcid.org/0000-0002-1246-5361Authors who publish with this journal agree to the following terms:
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