MANAGEMENT AND ANTICIPATION OF RISK - A NECESSITY FOR LEADERS

Constanta Popescu (), Diana - Nicoleta Georgescu () and Gheorghita DUMITRACHE (torcica) ()
Additional contact information
Constanta Popescu: ”Valahia” University of Targoviste, Romania
Diana - Nicoleta Georgescu: ”Valahia” University of Targoviste, Romania
Gheorghita DUMITRACHE (torcica): ”Valahia” University of Targoviste, Romania

Contemporary Economy Journal, 2022, vol. 7, issue 1, 38-44

Abstract: As we take part in a series of imbalances that occur throughout the world, and globalization, with all its fundamental components, generates chain reactions when a phenomenon occurs, either positive or negative, the role of leaders in an organization is that of when trying to mitigate the effects of risks. The leader's attitude towards risk is important because the way he acts, how he manages and anticipates the risks lead the organization to success. To be able to manage and anticipate the risks of an organization, the leader must possess one of the most important qualities - the vision. By managing, anticipating and leading the vision, the effects of the risks to which organizations can be exposed due to frequent changes can be mitigated. Management and anticipation risks thus become a necessity for leaders, a distinctive element of the organization's struggle, differentiation from the competition by which it manages to foreshadow the future status of the organization. The purpose of this paper is to present the importance of risk management and their anticipation by leaders in order to reduce the effects of risks on the organization through a rigorous analysis of the specialized literature, of the scientific documents.

Keywords: leadership; leader; vision; management risk; anticipation of risks (search for similar items in EconPapers)
JEL-codes: G32 M12 O15 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.revec.ro/papers/220104.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:7:y:2022:i:1:p:38-44

Access Statistics for this article

More articles in Contemporary Economy Journal from Constantin Brancoveanu University
Bibliographic data for series maintained by Cristina GANESCU ().