ENTERPRISE RISK MANAGEMENT IN PHARMACEUTICAL COMPANY (A CASE STUDY OF FIDSON HEALTHCARE LIMITED.)
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
Risk is at the center of life itself. How pharmaceutical companies successfully implements an Enterprise Risk Management (ERM) programme, to identify and manage potential risks, can mean the difference between financial freedom and financial despair. As a practical option for managing risk, it is associated with a number of factors that hamper its smooth flow. These difficulties manifest when companies lack knowledge of ERM Frameworks; still using the traditional ways of risk management. The problems become more compounded when the adopted ERM frameworks would not fully be utilized; as in the case with pharmaceutical companies in Nigeria. The researcher then quickening to use this piece of study, to evaluate the use of ERM in pharmaceutical companies, with its associated prospects, challenges and problems. The researcher sourced data from the primary and secondary sources of data for this work, using works by other authors and information from the oral interview carried out on the respondent. Despite the new accreditation guidelines and a provincial strategy for managing risk, adherence to effective risk management remains suboptimal in our pharmaceutical companies and in many industries. It was discovered that although ERM is being implemented in Nigerian pharmaceutical industry, the level of implementation is either very low or cannot be easily ascertained. Also, it was further discovered, that there exist an insignificant but positive relationship between ERM and total assets and liabilities as proxies for firm size and leverage. The researcher made recommendation from the findings of this works that there is need to encourage and adopt the full use of ERM frameworks in industries and there is need for more explicit measures in identifying firms that engage in ERM and those that do not.
Related Project Materials
IMPACT OF ONLINE SHOPPING ADVERTS ON CONSUMER BUYING RATE
Abstract- Promotion is one of the 4 Ps of the marketing mix. The most fashionable item of promotion mix is advertising. Online adv...
PERCEPTION AND ATTITUDE OF MEN TOWARDS INFERTILITY AMONG INDIVIDUALS IN THE COMMUNITY
Background Of The Study
Reproduction is known as an essential human desire so that infertility may caus...
A SURVEY OF EMPLOYEE PERFORMANCE APPRAISAL AND ITS EFFECTS ON ORGANIZATIONAL PRODUCTIVITY
BACKGROUND OF THE STUDY
The function of performance appraisal is a strategic aspect in any review of th...
FINGERPRINT BASED STUDENT ATTENDANCE MONITORING SYSTEM
Background of the Study
Attendance management of students in institution can be rigorous using the conventional method o...
ETHNOPHARMACOLOGICAL AND PHYTOCHEMICAL PROPERTIES OF SOME PLANTS USED IN THE MANAGEMENT OF PAIN
ABSTRACT
Pain is a worldwide problem and is associated with most disease conditions. The properties of herbs used to treat pain were inve...
INFLUENCE OF MOTHER TONGUE ON THE ORAL ENGLISH OF SECONDARY SCHOOL STUDENTS
ABSTRACT
The rate of failure recorded every year in most external examination constitutes a major concern to the educati...
DESIGN AND IMPLEMENTATION OF A COMPUTERISED STUDENTS ADMISSION SYSTEM
Abstract
The ultimate statement of the proposed system is to over come the problems in the existing sys...
The Problem of Tenses among Nigerian Speakers of English
-
-
BACKGROUND OF THE STUDY
-
Tenses refer to the form of a verb...
AUDIT INDEPENDENCE AND CREDIBILITY OF FINANCIAL REPORTING IN THE NIGERIAN BANKING SECTOR
ABSTRACT
In this study the independence of auditors was critically evaluated and the importance of audi...
NIGERIA’S NATIONAL HEALTH INSURANCE SCHEME: Prospects and Challenges
Background Of Study
Since 1981, when the Nigerian Medical Association conducted a meeting in Calabar a...
