Risk Management Practices in the Saudi Business Organizations: A Case Study of the City of Jeddah
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This paper discuss business continuity planning (BCP) in City of Jeddah with emphasis on risk sources, causes, and mitigation measures to prevent or reduce monetary losses and improve business competency. During the last two years the city witnessed two floods which caused large human and monetary losses which emphasized the need for having business continuity plans (BCPs) that are based on realistic business impact analysis. It is found that several risk sources are of importance which need to be considered: Commercial and legal relationships, economic circumstances, human behavior, natural and human caused disasters, government activities, technology and management. There is a lack of awareness of business risks in our sample and there is a need to consider future plans and strategies to prevent and reduce business’ losses through building business’ resilience culture.
Article History
How to Cite
Momani, N. M. & Fadil, A. S.. (2013). Risk Management Practices in the Saudi Business Organizations: A Case Study of the City of Jeddah. Journal of Business and Retail Management Research, Volume 07 Issue 2.
Citation Context
APA
Momani, N. M. & Fadil, A. S.. (2013). Risk Management Practices in the Saudi Business Organizations: A Case Study of the City of Jeddah. Journal of Business and Retail Management Research, Volume 07 Issue 2.
MLA
Momani, Naill M., and Ayman S. Fadil. "Risk Management Practices in the Saudi Business Organizations: A Case Study of the City of Jeddah." Journal of Business and Retail Management Research, Volume 07 Issue 2, 2013.
Chicago
Naill M. Momani and Ayman S. Fadil. "Risk Management Practices in the Saudi Business Organizations: A Case Study of the City of Jeddah." Journal of Business and Retail Management Research Volume 07 Issue 2 (23 Jun 2013).
Harvard
Momani, N. M. & Fadil, A. S. (2013) Risk Management Practices in the Saudi Business Organizations: A Case Study of the City of Jeddah. Journal of Business and Retail Management Research, Volume 07 Issue 2
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