Decentralized Enterprise Risk Management Issues under Rapidly Changing Environments

Under the growing complexity of manufacturing processes, supply chains, markets and stakeholder expectations, enterprise risk management (ERM) has become an extremely important, probably yet still underdeveloped, function. Enterprise theory practice should keep pace with changes rapidly changing environments, through new, more adaptive approaches. The article presents some results a longitudinal survey at Eastern-European organizations made on techniques. goal research was study techniques under environments in highly standardized industries (pharmaceutical automotive). focused role human resources handling technology-related/operational risks to what extent decentralized is present. Multidisciplinary cooperation, selection teams, communication decision making within team analysed. During our few common analysis routines were identified studied organizations. Through interview-based qualitative survey, possible weaknesses identification identified. three evaluation methods same features. answers provided during interviews indicate that assessment are mostly centralized (coordinated by single person/unit), linear (based If-Then construct) rigid, definitively not suitable when quick organization environment.