Executive Summary Risk, to a large extent, is an inevitable consequence of present ever-evolving business environment that forces organizations to recognize the importance of risk and incorporate this aspect as part of their business management systems when formulating strategy. In order to manage risk in an optimal manner, the perception of risk from the public should not be neglected as the public voice sometimes is so powerful that causes an organization's reputation to be damaged. …showed first 75 words of 3593 total…

…showed last 75 words of 3593 total…org/neww-e.htm (September, 1, 2004) Hanson, D., Dowling, P., Hitt, M.A., Ireland, R. D., Hoskissons R. E., 'Chaper 3: The internal environment: Resources, capabilities and core competencies', Strategic Management: Competitiveness and Globalisation, Nelson, Thomson Learning, 2002, p. 93 Sharratt, P. N., Choong, P. M., 'A life-cycle framework to analyse business risk in process industry projects' Journal of Cleaner Production, vol 10, 2002, p. 479 'Sydney oil spill', Maritime Union of Australia, http://www.mua.org.au/environment/oil_spill.html (August, 30, 2004) .