Effectiveness of Risk Assessment Models in Business Decisions: Reinforcing Knowledge

Survivalbeingtherationaleforeveryorganisation,thereareinfinitedynamicswhichcontributeto everyorganisationsgrowthandsurvival.Weighinginallthedynamicsavailable,iforganisationshave tocontemplateontheonewhichactsascatalystforultimatesurvivalitisbusinessdecisionmaking process.Riskisaninherentailmentthatexacerbatesorganisationaldecisionmakingeversincethe dawnofindustrialization,withtheirreachproliferatingeversince.Inthepresentarticle,theauthors articulatetheeffectivenessofriskassessmentmodelsonkeybusinessdecisionstotestifyhowrisk modelsoperateinisolationandwhencombinedtogether.Authorsalsoanalysethesignificanteffect riskmodelshaveonbusinessdecision,whichservesasjustificationfororganisationalefficiency. KEywoRDS Enhanced Business Decisions. Risk Assessment Models, Risk, Risk-Based Decision Making

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