Risk analysis in cultural institutions
Risk analysis in cultural institutions

Summary/Abstract: Cultural institutions are now functioning in difficult conditions arising mainly from the strong competition on the market and a weak economy. Organizations are trying to make the most rational decisions. One of many possible tools, which are characterized by a high level of application, is risk analysis. The purpose of this paper is to present the risk analysis process on the example of organization X, as well as possibilities for its adoption by cultural institutions. The scope of issues presented in the article is as follows: at first the concept of cultural institution is presented with a strong emphasis on business environment of cultural institutions. Next, the risk management process is briefly shown and an example (case study) of using selected elements of this instrument in a cultural institution is discussed.

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