RISK MANAGEMENT AND MANAGERIAL RISK TAKING

Ana-Maria Dinu ()
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Ana-Maria Dinu: Christian University “Dimitrie Cantemir”, Bucharest

HOLISTICA Journal of Business and Public Administration, 2011, vol. 2, issue 1, 56-60

Abstract: The risk – one of the "key mechanisms" of economic development - is a specialized concept in theory that was not discussed enough, people still not being able to master the techniques for identifying and avoiding it during the course of their activity. Risk is the art of taking decisions in a world governed by uncertainty - a complex process of identifying, analyzing and responding to risks to which the organization is exposed.

Keywords: risk management; business; decisions; companies. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:urn:urnste:v:2:y:2011:i:1:p:56-60

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