A Preliminary Study on the Construction of Enterprise Key Risk Indicator System

Authors

  • Beibei Liu

DOI:

https://doi.org/10.54097/fbem.v7i1.4168

Keywords:

Risk early warning mechanism, Key risk indicator (KRI), Tolerance range.

Abstract

The uncertainty of the operation and development of many enterprises has been increasing due to the new global economic recession, resulting in the emerging risks accordingly. Enterprises urgently need more effective methods and approaches to carry out risk management, in order to improve the reaction sensitivity of risk identification and response. Establishing a risk early warning mechanism, especially the construction of its core key risk indicator system, may become one of the effective methods to help enterprises respond to risks rapidly. This paper will discuss how to construct the key risk indicator system, and further explored the application of key risk indicators in combination with the particular cases.

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References

Ernst & Young (2010), Risk appetite, the strategic balancing act, EYGM limited. EYG no. DZ0050

Zeng, Yongquan (2015), Chinese Social Risk Early-warning Indicator System Research during Social Transformation Period, Wuhan: Huazhong University of Science and Technology Press.

Parmenter, David (2015), Key Performance Indicators: Developing, Implementing and Using Winning KPI (2nd edition translation),China Machine Press.

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Published

03-01-2023

How to Cite

Liu, B. (2023). A Preliminary Study on the Construction of Enterprise Key Risk Indicator System. Frontiers in Business, Economics and Management, 7(1), 196–204. https://doi.org/10.54097/fbem.v7i1.4168

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Articles