The Necessity of Risk Management Programme in Organizations

Doina Tilea () and Dinu Ana-Maria ()
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Dinu Ana-Maria: Christian University of Dimitrie Cantemir

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 961-963

Abstract: In the current economic context, risk management is very important, because the risks are becoming more difficult to identify and especially to control. The company objectives achievement requires the knowledge and multiple risk taking. Risk management is a process conducted by the management organization and consists in identifying and assessing risks that may affect the organization and activities taking place therein as the business environment changes are taken into account. Risk management also involves defining the strategy to be applied and control the risks so that they fall would within the limits of risk tolerance. Monitoring, reviewing and reporting the continous risks situation, regardless of their nature ensures that the organization's objectives will be met according to schedules made.

Keywords: risk management; organizations; strategies; risks. (search for similar items in EconPapers)
JEL-codes: D81 G3 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:961-963

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