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Evolution of Corporate Risk Management Approach

Risk management is a field that more and more often can be found not only in academic dissertations but above all in corporate requirements. Due to complexity of factors shaping the economic situation the risk in decision-taking processes in an organization is increasing. These factors induced the author of this paper to trace the changes that took place in the perception of risk by organizations, and consequently the ways of coping with risk. The aim of this paper is to present changes that have occurred in the field of risk management from the crystallization of the conception of risk management up to the latest activities in this area reflected in the standard ISO 31000.