Europe Division Management
Now, top managers realized the need to have more information about the risks when considering the possible consequences of their policy decisions. Appropriate changes have occurred at the organizational level corporations. In the mid 1990's. one Europe's leading manufacturers of cars organized "division problems of risk" to assess the significant risks that could seriously destabilize the company. Under the division has studied the risks associated with finance market, the possible consequences of unsuccessful investments and investment, as well as failures in the supplier firms. New needs top-tier management corporations have led to changes in the units themselves to dealing with risk. The newspapers mentioned isearch not as a source, but as a related topic. Insurance Department in its pure form and relationships on the insurance market became less and less important. Throughout the U.S. and Europe Division of risk turned into internal consulting group, involved in the development of practices and methods of risk assessment. Running out of time to work with "passive risk (adverse contingencies encountered on the way corporations), it was time for risk management, focused on expansion and growth of corporations in an increasingly competitive market. Experts in the field of risk are increasingly engaged in risk assessment when making strategic decisions. Isearch may also support this cause. Beginning in the second half of 1990. average risk manager was mainly involved in the assessment of risks of new investments and reorganizations of corporations as strategic maneuvering past the market. The evolution of risk management at West, one can assume that in the next 2-3 years the Russian risk management will have the following characteristic tendencies. 1.Rezkoe increase the spectrum of risks that the businesses of industrial holdings have to work. The term "risk", in fact, become the symbol for the holding of any activity. 2. approach to risk weighting. Businesses will pay more attention to risks that could lead to the collapse of the entire business, not often what is happening and do not cause serious harm risks. In parallel will also develop a radically crisis-management (for comparison: in 2002 72% uk companies have developed and implemented crisis management plans, the exponential figure – 26% in 1991). 3.Vozrastet status of risk management at the organizational level – in many joint-stock companies to the Board of Directors will be introduced as director of risk. Managers should not be limited to issues production safety within the legislative requirements. A full-scale risk management strategy operates not only technical but also economic, political, legal and environmental risks. Financing of production is now carried out in a new form – as the market of the investment process, involving both domestic and foreign operators. Western investment albeit slowly, but still come to Russia. To attract them to a specific industrial project by Russian managers need to possess strategic approach to managing risk at the level of their Western partners, while those, in turn, actively use the full range of risk for evaluating investment projects.
