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Management And Anticipation Of Risk - A Necessity For Leaders

Author

Listed:
  • Constanta POPESCU

    (”Valahia” University of Targoviste, Romania)

  • Diana - Nicoleta GEORGESCU

    (”Valahia” University of Targoviste, Romania)

  • Gheorghita DUMITRACHE (TORCICA)

    (”Valahia” University of Targoviste, Romania)

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.

Suggested Citation

  • Constanta POPESCU & Diana - Nicoleta GEORGESCU & Gheorghita DUMITRACHE (TORCICA), 2022. "Management And Anticipation Of Risk - A Necessity For Leaders," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 7(1), pages 38-44.
    • Handle: RePEc:brc:brccej:v:7:y:2022:i:1:p:38-44
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    References listed on IDEAS

    as
    1. Madhu Acharyya & Chris Brady, 2014. "Designing an Enterprise Risk Management Curriculum for Business Studies: Insights From a Pilot Program," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 17(1), pages 113-136, March.
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    More about this item

    Keywords

    leadership; leader; vision; management risk; anticipation of risks;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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