THE ROLE OF RISK MANAGEMENT AND TREATMENT METHODS APPLIED IN TODAYS ECONOMY

Alexandra Dănciulescu
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Alexandra Dănciulescu: Romanian American University

Romanian Economic Business Review, 2013, vol. 8, issue 3.1, 18-25

Abstract: Risk is one of the biggest and most fascinating challenges of all times for humanity, because of its presence in all fields. Risk management as a component of modern management, has become a main concern for the modern world and one of the “key mechanisms” of economic development, a complex process that includes a series of activities meant to alleviate the impact of risk over business and planed or foreseen results. Risk management in an organization means to determine what risks that should be avoided and what risks should be accepted as they are. The organization plan for risk management, no matter how good and effective cannot be translated in another organisation. Every plan should be adapted to the company and its field of activity. The article at hand focuses on the role of risk management in the organisation, as well as on the treatment methods used by an organisation.

Keywords: risk management; strategies; risk; organization; treatment methods (search for similar items in EconPapers)
Date: 2013
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