Evaluation and Management of Risk Situations

Alexandrina Brinza, Ioana Lazarescu, Viorica Ioan and Angelica Stratulat
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Alexandrina Brinza: Dunarea de Jos University of Galati, Romania
Ioana Lazarescu: Dunarea de Jos University of Galati, Romania
Viorica Ioan: Dunarea de Jos University of Galati, Romania
Angelica Stratulat: Dunarea de Jos University of Galati, Romania

Economics and Applied Informatics, 2024, issue 1, 30-35

Abstract: Risk management and crisis management are essential aspects for the survival and success of organizations in a volatile environment. By identifying, evaluating, and efficiently managing risks, organizations can minimize the negative impact on their activities. In the light of a proactive and integrated approach, investments in technology and human resources become priorities for adapting to changes in the business environment. Open and transparent communication, collaboration between departments, and involvement of all members of the organization are crucial for coordinating and effectively implementing risk and crisis management strategies. Adopting an organizational culture focused on prevention and anticipation can transform risks into opportunities for development and continuous improvement. Continuing investments in organizational capabilities, improving communication, and engaging with stakeholders are necessary for effective crisis management.

Keywords: management; risk; crisis; communication; business (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2024:i:1:p:30-35

DOI: 10.35219/eai15840409384

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