<abstract xmlns="http://www.w3.org/1999/xhtml"><p>In modern terms, risk management is a concept applicable to economic agents, which represent a factor that generates economic and financial performance. In this respect, I appreciate that it is obvious that risk management is a necessity in the activity of any organization regardless of the field of activity or its objectives. Additionally, observing the procedural elements specific to the identification, analysis, quantification and assessment of the economic risk will lead to the company being correctly diagnosed and facilitates the identification of solutions for its elimination, or mitigation within the parameters of a controllable area.</p></abstract>

In modern terms, risk management is a concept applicable to economic agents, which represent a factor that generates economic and financial performance. In this respect, I appreciate that it is obvious that risk management is a necessity in the activity of any organization regardless of the field of activity or its objectives. Additionally, observing the procedural elements specific to the identification, analysis, quantification and assessment of the economic risk will lead to the company being correctly diagnosed and facilitates the identification of solutions for its elimination, or mitigation within the parameters of a controllable area.

The Need for Determining and Assessing Risk in Economic Activity

International conference KNOWLEDGE-BASED ORGANIZATION

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"The Need for Determining and Assessing Risk in Economic Activity"}

In modern terms, risk management is a concept applicable to economic agents, which represent a factor that generates economic and financial performance. In...

The Need for Determining and Assessing Risk in Economic Activity

Publié en ligne: 23 juil. 2019

Pages: 63 - 68

DOI: https://doi.org/10.2478/kbo-2019-0058

Mots clés
economic activity, economic risk, risk management, risk factors, analysis and evaluation

© 2019 Marius Milandru, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

The Need for Determining and Assessing Risk in Economic Activity

Publié en ligne: 23 juil. 2019

Pages: 63 - 68

DOI: https://doi.org/10.2478/kbo-2019-0058

Mots cléseconomic activity, economic risk, risk management, risk factors, analysis and evaluation

© 2019 Marius Milandru, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Mots clés
economic activity, economic risk, risk management, risk factors, analysis and evaluation