The Relevance and Application of Risk Management in Small and Large Companies in Times of Unpredictable Change

Abstract

Due to the recent Ukraine war and the Corona crisis, coupled with pervasive political and economic instability, the future for many businesses has become highly uncertain and unpredictable. There's widespread speculation among these businesses about potential threats to their continuity. Reflecting on past experiences, many organizations question if they could have been better equipped to manage such extraordinary situations.