MEASURING AND MANAGING THE IMPACT OF RISK ON ORGANIZATIONS: THE CASE OF KOSOVO

After the 2008 events that occurred in the world financial markets, all organizations have increased interest in risk management. It is very clear that risk management brings benefits to the organization. By taking a proactive approach to risk and risk management, organizations will be able to manage to improve performance and results in the areas of the operations performance, the development of processes and projects, and the selection and implementation of alternative development strategies. Business firms in Kosovo have changed their approach to risk management in recent times. Reasons for that "approach evolution? are based on recent losses in some of the commercial banks, insurance companies, pension trust, and some negative trends in Kosovo?s real economy.