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Study Of The Fundamental Risks At The Management Level Of Hotel Victoria, Pitesti

Author

Listed:
  • Puiu GRADINARU

    (Faculty of Economics and Law, University of Pitesti, Romania)

  • Dorulet GRADINARU

    (Faculty of Economics and Law, University of Pitesti, Romania)

  • Sinziana NEGRES

    (Faculty of Economics and Law, University of Pitesti, Romania)

Abstract

It is known the fact that economic risks as probable events can lead to losses in a financial activity. Some managers tend to ignore possible events that would be quite unpleasant, through the consequences it may induce to the company. Management practice in the Romanian companies highlighted three key risks that may affect 60-70% of a company’s overall profitability. These risks include wage policies, policies that refers to loans from the banking system and policies that refers to payments to suppliers and to the state budget. These three performance rates for these risks have alarm thresholds and can be classified into three classes A, B and C in relation to the values they can take. Framing company with a diagram in classes related risk management requires taking appropriate decisions. Using SWOT quantitative model recommends, to the hotel management, the adoption of concrete strategies of increase.

Suggested Citation

  • Puiu GRADINARU & Dorulet GRADINARU & Sinziana NEGRES, 2016. "Study Of The Fundamental Risks At The Management Level Of Hotel Victoria, Pitesti," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 15(3), pages 68-75.
    • Handle: RePEc:pts:journl:y:2016:i:3:p:68-75
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    More about this item

    Keywords

    Risk management; Performance rates; Financial security; Alarm threshold; Major-risk diagram; SWOT analysis; Evaluation matrix.;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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