THEORETICAL AND METHODOLOGICAL APPROACHES ON RISK MANAGEMENT IN ORGANISATIONS
Risk management should be seen as a continuous process, which needs to be updated and adjusted according to the changing business environment and organisational context. It is important that organisations approach risk management rigorously and allocate adequate time and resources to this process....
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| Format: | Article |
| Language: | English |
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Academica Brâncuşi
2023-12-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
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| Online Access: | https://www.utgjiu.ro/revista/ec/pdf/2023-06/20_cinciulescud.pdf |
| _version_ | 1797299976276017152 |
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| author | CINCIULESCU DUMITRU |
| author_facet | CINCIULESCU DUMITRU |
| author_sort | CINCIULESCU DUMITRU |
| collection | DOAJ |
| description | Risk management should be seen as a continuous process, which needs to be updated and adjusted according to
the changing business environment and organisational context. It is important that organisations approach risk
management rigorously and allocate adequate time and resources to this process. The theoretical and methodological
approaches summarised in this paper, could enable organisations to identify and classify potential risks and develop
appropriate risk management strategies, as well as make informed decisions to mitigate the negative impact of risks
and capitalise on opportunities. Risk assessment is part of a continuous risk management process, ensuring that the
organisation remains prudent and prepared to meet the challenges of the changing business environment. A number of
relevant aspects characterising risk management will be analysed and summarised, as well as risk management
principles, tools and strategies. In addition to the theoretical approaches, an important part of the paper is devoted to
highlighting the factors influencing risk and profitability and assessing the changes in the structure of these
determinants as a result of the economic crisis generated by the COVID-19 pandemic. At the same time, we also aim to
quantify the marginal impact of risks on profitability in order to optimise risk-profit and risk-capital-profitability
relationships
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| first_indexed | 2024-03-07T22:59:28Z |
| format | Article |
| id | doaj.art-c376fe5814b64fbe8bb87ddec5109bc8 |
| institution | Directory Open Access Journal |
| issn | 1844-7007 |
| language | English |
| last_indexed | 2024-03-07T22:59:28Z |
| publishDate | 2023-12-01 |
| publisher | Academica Brâncuşi |
| record_format | Article |
| series | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| spelling | doaj.art-c376fe5814b64fbe8bb87ddec5109bc82024-02-22T15:23:43ZengAcademica BrâncuşiAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie1844-70072023-12-01i6194198THEORETICAL AND METHODOLOGICAL APPROACHES ON RISK MANAGEMENT IN ORGANISATIONSCINCIULESCU DUMITRU0UNIVERSITY OF CRAIOVA "EUGENIU CARADA" DOCTORAL SCHOOL OF ECONOMIC SCIENCESRisk management should be seen as a continuous process, which needs to be updated and adjusted according to the changing business environment and organisational context. It is important that organisations approach risk management rigorously and allocate adequate time and resources to this process. The theoretical and methodological approaches summarised in this paper, could enable organisations to identify and classify potential risks and develop appropriate risk management strategies, as well as make informed decisions to mitigate the negative impact of risks and capitalise on opportunities. Risk assessment is part of a continuous risk management process, ensuring that the organisation remains prudent and prepared to meet the challenges of the changing business environment. A number of relevant aspects characterising risk management will be analysed and summarised, as well as risk management principles, tools and strategies. In addition to the theoretical approaches, an important part of the paper is devoted to highlighting the factors influencing risk and profitability and assessing the changes in the structure of these determinants as a result of the economic crisis generated by the COVID-19 pandemic. At the same time, we also aim to quantify the marginal impact of risks on profitability in order to optimise risk-profit and risk-capital-profitability relationships https://www.utgjiu.ro/revista/ec/pdf/2023-06/20_cinciulescud.pdfrisk managementcompanyprofitabilityliquidityeconomic crisis |
| spellingShingle | CINCIULESCU DUMITRU THEORETICAL AND METHODOLOGICAL APPROACHES ON RISK MANAGEMENT IN ORGANISATIONS Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie risk management company profitability liquidity economic crisis |
| title | THEORETICAL AND METHODOLOGICAL APPROACHES ON RISK MANAGEMENT IN ORGANISATIONS |
| title_full | THEORETICAL AND METHODOLOGICAL APPROACHES ON RISK MANAGEMENT IN ORGANISATIONS |
| title_fullStr | THEORETICAL AND METHODOLOGICAL APPROACHES ON RISK MANAGEMENT IN ORGANISATIONS |
| title_full_unstemmed | THEORETICAL AND METHODOLOGICAL APPROACHES ON RISK MANAGEMENT IN ORGANISATIONS |
| title_short | THEORETICAL AND METHODOLOGICAL APPROACHES ON RISK MANAGEMENT IN ORGANISATIONS |
| title_sort | theoretical and methodological approaches on risk management in organisations |
| topic | risk management company profitability liquidity economic crisis |
| url | https://www.utgjiu.ro/revista/ec/pdf/2023-06/20_cinciulescud.pdf |
| work_keys_str_mv | AT cinciulescudumitru theoreticalandmethodologicalapproachesonriskmanagementinorganisations |