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Risk Management – A General Approach

Author

Listed:
  • Spãtariu Elena Cerasela

    (“Ovidius” University of Constanta, Faculty of Economic Sciences)

  • Drumea Cristina

    („Transylvania” University of Brasov)

  • Lazãr Cristina Mihaela

    (“Ovidius” University of Constanta, Faculty of Economic Sciences)

Abstract

Identifying, assessment and prioritization of risks, followed by economical implementation of resources in order to minimize, monitor and control the probability or impact or unfortunate events or maximizing the opportunities is what we call risk management. Through different methods, definitions and aims are trying to settle the nature of the risk: financial, security, industrial, economic, safety, project management, etc. The strategies adopted to manage risks are applied with the purpose of transferring the risk, avoiding it, reducing the negative effects, accepting the consequences of a certain risk. Its purpose is to generate ideas and promote good practice for those involved in the business of managing risk.

Suggested Citation

  • Spãtariu Elena Cerasela & Drumea Cristina & Lazãr Cristina Mihaela, 2011. "Risk Management – A General Approach," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1191-1194, May.
    • Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:1191-1194
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/volum2011p2.pdf
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    Citations

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    Cited by:

    1. Gabriela Iuliana MUNTEANU & Paul GHEORGHE, 2017. "Internal Audit €“ An Instrument For Risk Management In The Supply And Management Of Material Resources," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(1), pages 612-616, November.
    2. Camelia Mirela Baba, 2012. "Managers’ Perspectives Regarding the Fiscal and Accounting Education in Romania," BRAND. Broad Research in Accounting, Negotiation, and Distribution, EduSoft Publishing, vol. 3(3), pages 74-79, December.

    More about this item

    Keywords

    risk management; economic environment; monitoring; market factors; anaysis.;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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