Contemporary strategic or rather operational risk management in business organizations are the practices and methods used by the management of organizations in the management of risks and in the seizing or necessary opportunities that are attached to the achieving of the aims and objectives of an organization (Piechowski, 2010, p.28). It all involves the identification of particular situations; assess them in reference to the magnitude of their effects, establishing a strategic response and ensuring the implementation of such a progress. Through the identification and tackling of opportunities and risks that are associated to the aims and objectives of an organization, the business organizations are in a position to safeguard and create value for their employees, customers, owners and even the society in general.

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