Risk Management – A General Approach

Spãtariu Elena Cerasela (), Cristina Drumea and Lazãr Cristina Mihaela ()
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Spãtariu Elena Cerasela: “Ovidius” University of Constanta, Faculty of Economic Sciences
Lazãr Cristina Mihaela: “Ovidius” University of Constanta, Faculty of Economic Sciences

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 2, pages 1191-1194

Abstract: Identifying, assessment and prioritization of risks, followed by economical implementation of resources in order to minimize, monitor and control the probability or impact or unfortunate events or maximizing the opportunities is what we call risk management. Through different methods, definitions and aims are trying to settle the nature of the risk: financial, security, industrial, economic, safety, project management, etc. The strategies adopted to manage risks are applied with the purpose of transferring the risk, avoiding it, reducing the negative effects, accepting the consequences of a certain risk. Its purpose is to generate ideas and promote good practice for those involved in the business of managing risk.

Keywords: risk management; economic environment; monitoring; market factors; anaysis. (search for similar items in EconPapers)
JEL-codes: D81 G32 (search for similar items in EconPapers)
Date: 2011
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Persistent link: http://EconPapers.repec.org/RePEc:ovi:oviste:v:xi:y:2011:i:9:p:1191-1194

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