Introduction
Globalization, new technologies and knowledge management
issues are determining new challenges for organizations,
and thus new risks. New approaches to risk are
often interchangeable with the sustainability issues. A
long-term sustainability of a business requires mega risks
to be identified and their potential impact on the future of
the business understood. The most effective risk management
is likely to require engagement with all the organization’s
stakeholders. It becomes a very important task to
successfully integrate mega risks into overall strategy of a
particular organization. The scientific problem is that part
of the pressures to which organization need to react are
beyond the grasp of their management, and due to different
nature of recent transformations the formerly widely
known change management tools are not applicable in this
situation. The most simple and probably most successful
approaches to such pressure management will be outlined
further in this paper.
The aim of the paper is to determine trends of contemporary
TQM by formulating main principles for organizations
to manage pressures beyond their direct competence.
Object of the research – most significant external pressures
on activity of a contemporary organization.
The research methods are systematic analysis, synthesis,
prognostication, review, induction, and deduction.