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Integrating Risk Management Into Decision Making

In: 16th Economic International Conference NCOE 4.0 2020

Author

Listed:
  • Florin Boghean

    (University Stefan cel Mare, Suceava, Romania)

Abstract

The main forms of risk are can be grouped in eight categories: economical risks, financial risks, commercial risks, manufacturing risks, political risks, social risks, juridical risks, natural risks. Through its nature the decision is referring to the future, mainly being provisional. In any decisional process developed at the company level, there are involved in the same time some economical, techniques, juridical, human and managerial variables. As a consequence of the decision (generally) and of managerial decision (particularly), because of its complexity and its contextual deter in its growth there are associated many risks.

Suggested Citation

  • Florin Boghean, 2020. "Integrating Risk Management Into Decision Making," Book chapters-LUMEN Proceedings, in: Carmen NÄ‚STASE (ed.), 16th Economic International Conference NCOE 4.0 2020, edition 1, volume 13, chapter 10, pages 105-114, Editura Lumen.
    • Handle: RePEc:lum:prchap:13-10
    DOI: https://doi.org/10.18662/lumproc/ncoe4.0.2020/10
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    References listed on IDEAS

    as
    1. Talluri, Srinivas & Narasimhan, Ram & Nair, Anand, 2006. "Vendor performance with supply risk: A chance-constrained DEA approach," International Journal of Production Economics, Elsevier, vol. 100(2), pages 212-222, April.
    2. Yossi Sheffi, 2005. "The Resilient Enterprise: Overcoming Vulnerability for Competitive Advantage," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262693496, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    risk management; corporate governance; decision-making process;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • F1 - International Economics - - Trade
    • F3 - International Economics - - International Finance
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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