Strengthening Corporate Risk Management through the Integration of Potential Loss, Financial Risk Measurement, and Organizational Culture
Keywords:
Potential Loss, Risk Mapping, Replacement Cost, Silo Mentality, Corporate Risk ManagementAbstract
Corporate risk management requires an integrated approach capable of identifying, measuring, and managing potential losses to strengthen organizational resilience in increasingly uncertain business environments. This study aims to analyze the role of potential loss in mapping corporate risk exposures, evaluate the effectiveness of the Market Value and Replacement Cost approaches in financial risk measurement, and examine the influence of organizational culture on corporate risk management implementation. This study employed a qualitative library research approach through critical analysis and conceptual synthesis of relevant scholarly literature. The findings indicate that potential loss functions as a multidimensional risk mapping instrument capable of integrating both direct loss and hidden losses within a comprehensive risk management framework. Financial measurement based on the Replacement Cost approach provides more realistic recovery estimates than the Market Value approach, while silo mentality and blame culture reduce the quality of risk information and weaken organizational decision-making. The study concludes that the effectiveness of potential loss depends on the integration of comprehensive risk mapping, realistic financial measurement, and organizational governance that promotes transparency and cross-functional collaboration.
Abstrak
Manajemen risiko perusahaan memerlukan pendekatan terintegrasi yang mampu mengidentifikasi, mengukur, dan mengelola potensi kerugian guna memperkuat ketahanan organisasi dalam lingkungan bisnis yang semakin tidak pasti. Penelitian ini bertujuan untuk menganalisis peran potensi kerugian dalam pemetaan paparan risiko perusahaan, mengevaluasi efektivitas pendekatan Nilai Pasar dan Biaya Penggantian dalam pengukuran risiko keuangan, serta menelaah pengaruh budaya organisasi terhadap implementasi manajemen risiko perusahaan. Penelitian ini menggunakan pendekatan penelitian pustaka kualitatif melalui analisis kritis dan sintesis konseptual terhadap literatur ilmiah yang relevan. Temuan menunjukkan bahwa potensi kerugian berfungsi sebagai instrumen pemetaan risiko multidimensi yang mampu mengintegrasikan baik kerugian langsung maupun kerugian tersembunyi dalam kerangka kerja manajemen risiko yang komprehensif. Pengukuran keuangan berdasarkan pendekatan Biaya Penggantian memberikan perkiraan pemulihan yang lebih realistis dibandingkan pendekatan Nilai Pasar, sementara mentalitas silo dan budaya saling menyalahkan menurunkan kualitas informasi risiko serta melemahkan pengambilan keputusan organisasi. Penelitian ini menyimpulkan bahwa efektivitas potensi kerugian bergantung pada integrasi pemetaan risiko yang komprehensif, pengukuran keuangan yang realistis, serta tata kelola organisasi yang mendorong transparansi dan kolaborasi lintas fungsi.
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