ANALYSIS AND MANAGEMENT RISK IN INTERNATIONAL AFFAIRS

Lăpăduşi Mihaela Loredana, and Căruntu Constantin

Annals of University of Craiova - Economic Sciences Series, 2009, vol. 1, issue 37, 192-200

Abstract: The risk is one of the most controversial issues for all persons involved both in domestic and international world economic affairs. The need to analyze, understand and effectively manage risk is growing, the ultimate aim being to obtain a higher degree of successThe risk means exposure to an uncertain future, the opportunity to face danger or suffering a loss ( "Risk - possibility of loss or injury", Webster's, 1995) or the chance that things go wrong ( "Risk is the change that something will go wrong ", Wonnacott, 1986). The analysis and risk management in international business, no matter if it is the risk of interest rate, the risk of foreign coin exchange, the price risk is in the hazard identification and risk sources from careful examination of the external environment and internal business processes, measurement and monitoring the risk attached to any time frame and mechanisms for monitoring risk to constitute a catalyst for responsible action by the company to risk, not least ongoing assessment of performance risk control processes.Companies that enjoy successful business develops a paradigm for analysis and risk management in which the core issue consists of adopting to the company level of incorporated vision to the risks and opportunities arising from the conduct of international business.

Keywords: risk; management; international (search for similar items in EconPapers)
JEL-codes: F23 M16 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2009:i:11:p:192-200

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