LINKAGES OF RISK MANAGEMENT PRACTICES AND ORGANIZATIONAL PERFORMANCE: EVIDENCE FROM PAKISTAN TELECOM SECTOR

This study examines the effect of risk management practices on organizational performance of Pakistan's telecom sector; specifically cellular mobile operators. The entire population of 5 firms has been selected and the results are informative about the signcance of risk management practices. The findings reveal that organizations with risk management practices have significant control over uncertainties and their predictive ability helps in timely development of contingency plans to stop erosion of organizational income; thereby improving their organizational performance. The findings also support that the integration of RM practices and organizational objectives facilitates the achievement of optimal organizational performance.