Risk and Knowledge in the context of Organizational Risk Management

Abstract

This paper helps us to understand the emerging concept of knowledge management by exploring the relation between risk and knowledge. It tries to determine whether a logical relation between risk and knowledge indeed exists or not. The preliminary work on the above question reveals that such a relation does exist; however, there are some indications that worry the decision makers. Therefore, in this regard, various authors/scholars from other disciplines like Informatics, Economics, Organizational Behavioral Sciences, and Social Psychology, have importantly emphasized on the scrutiny of relationship between risk and knowledge management. Similarly, experts of information technology engage themselves in finding out risks involved in data mining, information exploration, and knowledge. Thus it is essential to express that the data and knowledge is being captured at all levels to measure risk management.

Key word: Risk, Risk Management, Knowledge, Organizational Risk Management