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Study Regarding The Identification And Evaluation Of Risks In The Management Of A Romanian Organization

Author

Listed:
  • Raluca Alexandra CEOCEA
  • Costel CEOCEA
  • Alina Bianca POP
  • Aurel Mihail TITU

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.

Suggested Citation

  • Raluca Alexandra CEOCEA & Costel CEOCEA & Alina Bianca POP & Aurel Mihail TITU, 2021. "Study Regarding The Identification And Evaluation Of Risks In The Management Of A Romanian Organization," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(1), pages 530-540, November.
    • Handle: RePEc:rom:mancon:v:15:y:2021:i:1:p:530-540
    DOI: 10.24818/IMC/2021/03.08
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    References listed on IDEAS

    as
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    3. Mark Davis & SEBastien Lleo, 2008. "Risk-sensitive benchmarked asset management," Quantitative Finance, Taylor & Francis Journals, vol. 8(4), pages 415-426.
    4. Arjalies, Diane-Laure & Grant, Philip & Hardie, Iain & MacKenzie, Donald & Svetlova, Ekaterina, 2017. "Chains of Finance: How Investment Management is Shaped," OUP Catalogue, Oxford University Press, number 9780198802945.
    5. Victor DeMiguel & Alberto Martín-Utrera & Francisco J Nogales & Raman Uppal & Andrew KarolyiEditor, 2020. "A Transaction-Cost Perspective on the Multitude of Firm Characteristics," Review of Financial Studies, Society for Financial Studies, vol. 33(5), pages 2180-2222.
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