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THE IMPACT OF RISK MANAGEMENT ON ORGANIZATION EFFICIENCY

(A CASE STUDY OF DUNLOP NIGERIA PLC)

 

 

ABSTRACT

This research was purposely carried out to appraise the Impact of Risk Management on Organization Efficiency as its being operated in Dunlop Nigeria Plc. The aim was to find out the kinds of Risk threatening the operation of manufacturing industry as in the case of Dunlop Nigeria Plc, and how risk are identified, measured or evaluated and how they are being handled and transferred to the insurance companies. The first chapter of the study dealt with the introduction of the research work where emphasis were placed on general introduction of the area of enquiry and statement of problem, objective of the study and hypothesis were all dealt within chapter one. In chapter two, review of related literature is dealt with while chapter three was designed to research methodology, research designed, population and sample instrumental, data collected and statistical analysis was not left out. The chapter four, data collection through the questionnaire were thoroughly analyze and finding were properly presented and for working earlier formulated hypothesis in chapter one were tested. Chapter five was conclusion with major research findings.

 

CHAPTER ONE

1.0   INTRODUCTION

1.1   BACKGROUND OF THE STUDY

 

This is the age of experts. The amount of human knowledge has become accumulated at such a rate that greater specialization has become both a necessity and the pride of the experts. This pride has all too often led to the specialist erecting a fence around his own small property in the world of ideas; but fences that are too high to let neighbour see, it can also have the disadvantage of being too high for the householder to see what his neighbours are doing.

 

There comes a point, therefore, when it becomes an essential for someone to take a wider view and to point out that all these carefully separated properties are in fact` part of a single community. “Risk Management” is the result of our such wider view developed by some foreseeing insurance, who took the necessary step back from their particular specialization to realize that their work and that of many others, insecurity, fire prevention, health and safety and work, economics law, management and a wider range of discipline, all had something in common. Each was concerned to a greater or lesser extent with risk and identifying it, evaluating it, minimizing it, or dealing with its consequences.