Study of the Effect of Risk Management Application on the Performance of Giad industrial Group

Abstract

Risk management is particularly important at the present time and constitute a new approach in firms, has seen all industries acceleration and great changes in recent years, in order to benefit from risk management to provide protection for firms and continuity performance its activities should provide the critical success factors for risk management. The research problem is represented in the role of risk management on the performance of industrial firms in Sudan, the research aims to deepen the understanding of risk management and its application to firms and to know the reasons that led to the failure and faltering of the performance of these firms as well as finding appropriate solutions ,The researcher used the descriptive-analytical method in conducting this study and designed a questionnaire as the main tool for data collection, This research develops through the assumption that there is a positive relationship between risk management and the performance of the firm where the study found that risk management practices are applied in moderate proportions by the leaders and employees of the Sudanese industrial firms and dominated by the reactive method rather than proactive, One of the most important recommendations of the study is that industrial organizations have to adopt effective systems for managing organizational risks and that they be monitored and reviewed for deviations in order to be in line with the strategy of the firm.