An examination of risk in enterprises and banks from the point of view of the Viable Systems Approach (VSA): A literature review

Descrizione Progetto

Abstract

The topic of this study is risk within enterprises and the banks, analyzed from a management point of view through a review of the international literature. The study was carried out on the basis of the theoretical construct of the Viable Systems Approach, which is aimed at understanding complex phenomena and argues that the survival and development of an entrepreneurial organization is dependent on the ability of the governance body to create value for the system itself and for the various stakeholders, through consonance, which is the ability to seek and achieve social legitimacy; it is a must for the enterprise to support the central role that has qualified in the becoming of time, founding institution of the economic, social and scientific (Golinelli, 2000).

Keywords: risk, risk appetite, Enterprise Risk Management, culture of risk, risk governance, mapping of risks.