Difference between revisions of "Risk culture"
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Revision as of 11:11, 22 November 2018
Risk culture (hereinafter, the Culture) is the part of organizational culture that accounts for risk appetite, risk tolerance, and risk threshold.
Related concepts
- Risk appetite. The degree of uncertainty an enterprise is willing to take on in anticipation of a reward.
- Risk tolerance. The degree, amount, or volume of the risk that an enterprise will withstand.
- Risk threshold. The level of impact at which one or more stakeholders may have a specific interest. Below the risk threshold, the enterprise will accept the risk, and above the risk threshold, the enterprise will not tolerate the risk.
