The Possibility Of Dual-Use Of Economic Analysis Tools:Strategic Risk Intensity Matrix As An Example

Abstract

Abstract

Economics has many excellent tools that facilitate answering questions and reaching results, such as variables and functions, for example, but is this science always searching for the optimal use of resources using its tools optimally? This research deals with the issue of the possibility of using the tools of economic analysis dually, or the possibility of using them creatively. The problem of this research lies in the traditional use of economic analysis tools, which does not keep pace with development, especially the use that analysts have been doing for the strategic risk severity matrix, which the research discusses the possibility of using it in a double way or for purposes different from the purpose or the usual use of it, in order to clarify that dual use and creative tools for economic analysis possible. As this research started from the assumption that the tools of economic analysis can be used in a dual and creative way. And the most important results of the research are that modifying an economic tool to suit the need is actually possible, as has been reached in this research, the matrix of strategic risks intensity can be used in a double, which facilitates drawing a clearer picture of the external and internal environment of the institution.