Pyramidal Management of Risk Control- Case Study in Agro-food Enterprises in Iasi County, Romania

Constantin Iatco and Gabriela Ignat

No 163346, 140th Seminar, December 13-15, 2013, Perugia, Italy from European Association of Agricultural Economists

Abstract: In agro-food enterprises from Romania, management of risk control is seen as a dynamic process that, in order to work involves a cycle that incorporates risk identification, assessment, administering and verification. Risk management is closely related to the performance management, so that it has been set establishing key indicators of the performance. The pyramid of risk management provides to the managers a model of effective approach of risk and the ability to manage them, thus increasing consolidation capacity of added value. Risk management is necessary because all agro-food enterprises face uncertainty and the management team must determine the acceptable level of risk The paper presents a case study on the pyramidal management of risk control for two major agro-food enterprises from Iasi County. The authors have established as main goals in this paper identifying the objectives of the audit, assessment and measuring risk according to the probability of impact occurrence and the period of events consequences, prioritizing risks, risks analyzing and reporting.

Keywords: Agribusiness (search for similar items in EconPapers)
Pages: 6
Date: 2014
New Economics Papers: this item is included in nep-agr and nep-sog
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaa140:163346

DOI: 10.22004/ag.econ.163346

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