Risk culture
Risk culture (hereinafter, the Culture) is the part of organizational culture that accounts for risk appetite, risk tolerance, and risk threshold.
Related concepts
- Risk appetite. The degree of uncertainty an enterprise is willing to take on in anticipation of a reward.
- Risk tolerance. The degree, amount, or volume of the risk that an enterprise will withstand.
- Risk threshold. The level of impact at which one or more stakeholders may have a specific interest. Below the risk threshold, the enterprise will accept the risk, and above the risk threshold, the enterprise will not tolerate the risk.
