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Management of Risks

In: Moral Leadership in Business

Author

Listed:
  • Sebastian Văduva

    (Emanuel University of Oradea)

  • Victor T. Alistar

    (Transparency International Romania)

  • Andrew R. Thomas

    (The University of Akron)

  • Călin D. Lupiţu

    (Emanuel University of Oradea)

  • Daniel S. Neagoie

    (Emanuel University of Oradea)

Abstract

In the context of an organization, risk is defined as any event or circumstance that can negatively affect that organization. Risks can appear because of the uncertainty on the financial markets, because of project failures, legal debt, crediting risk, accidents, natural causes, and catastrophes, as well as intentional attacks from a competitor or other unpredictable events. Therefore, we can talk about management risks, such as brand and reputation risk; competition risk; customer risk; bankruptcy and the risk induced by suppliers; operational risks such as the commercial, personnel, technological, and e-risk; and financial risks.

Suggested Citation

  • Sebastian Văduva & Victor T. Alistar & Andrew R. Thomas & Călin D. Lupiţu & Daniel S. Neagoie, 2016. "Management of Risks," SpringerBriefs in Business, in: Moral Leadership in Business, chapter 0, pages 77-92, Springer.
    • Handle: RePEc:spr:spbrcp:978-3-319-42881-9_5
    DOI: 10.1007/978-3-319-42881-9_5
    as

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