STUDY REGARDING THE IDENTIFICATION AND EVALUATION OF RISKS IN THE MANAGEMENT OF A ROMANIAN ORGANIZATION

Raluca Alexandra Ceocea, Costel Ceocea, Alina Bianca Pop and Aurel Mihail Titu

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2021, vol. 15, issue 1, 530-540

Abstract: Risk management is part of the management process within an organization that can lead to the identification and implementation of potential factors that may threaten the security of the organization, measuring the severity of these factors, reducing effects through prevention and protection, transferring those effects that cannot be managed by the management of the organization. The presented study offers a specific approach to the profile production by identifying and evaluating the risks in the management activity within an organization whose object of activity is the manufacture of certain types of agricultural and forestry machines and equipment. The analysis presented through this study led to beneficial conclusions on the financial diagnosis synthesized by the authors in strengths and weaknesses of the organization, in substantiating opportunities and threats, respectively in assessing possible risks. The study can be used as a model for other organizations and attention can be focused on the risk of decision making from the historical perspective of the scientific theory of decision. It should be emphasized that the paper presented is a point of view of the authors on how to develop and implement the specific process of risk management, how to make decisions and not ultimately to identify the most appropriate techniques, methods and tools that can be applied in the decision-making process within an organization with object of activity focused on the manufacture of forestry agricultural machines and equipment.

Keywords: competitive environment; managerial decision; organization; risk. (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:15:y:2021:i:1:p:530-540

DOI: 10.24818/IMC/2021/03.08

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