Business Risk Management in International Corporations

Nowadays, there is a large variability in business environment, cause by economic and political circumstances. It sheds new lights on the issue of risk management in business. Companies that want to stay in the market, must in dynamically way change their exposure to risk. The article presents analysis of business risk management models in international energy companies. Also, authors’ professional experience in this industry was used. It has allowed for compilation of knowledge referring to the literature and experience of business practitioners. The authors indicated crucial areas of companies which using good practices are able to respond to changes in a flexible way.