IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxiiy2012i2p961-963.html
   My bibliography  Save this article

The Necessity of Risk Management Programme in Organizations

Author

Listed:
  • Tilea Maria Doina

    (Christian University of Dimitrie Cantemir)

  • Dinu Ana-Maria

    (Christian University of Dimitrie Cantemir)

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.

Suggested Citation

  • Tilea Maria Doina & Dinu Ana-Maria, 2012. "The Necessity of Risk Management Programme in Organizations," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 961-963, Decembre.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:961-963
    as

    Download full text from publisher

    File URL: http://stec.univ-ovidius.ro/html/anale/ENG/cuprins%20rezumate/volum2012p2v2.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    risk management; organizations; strategies; risks.;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • G3 - Financial Economics - - Corporate Finance and Governance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:961-963. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.