IDEAS home Printed from https://ideas.repec.org/a/rau/journl/v12y2017i4p89-97.html
   My bibliography  Save this article

Informational System For Early Notice – Instrument For Managing The Economic Risks

Author

Listed:
  • Secăreanu Constantin

    (Romanian-American University)

  • Dridea Catrinel

    (Romanian-American University)

Abstract

In the current period, most notably known for the frequent and diversified events which generate a higher exposure of economic activities to the risk factors, any organization should identify three systems that will represent guidance for an effective management in decision making:- An early notice system, which will detect and signal early on the possible turbulence sources;- A system of analysis, evaluation and ranking of the identified risks, regarding the vulnerability (the possibility of materialization) and magnitude (impact);- A rapid reaction system, by devising and applying risks related strategies.The present study focuses on analyzing the methods and techniques used for the first system, for valorizing the quantitative and qualitative information in a general, coherent and correlated context, that will allow the identification of the major risks sources: internal or external shocks, conjunctural or mid-term, favorable or unfavorable trends for the long term.

Suggested Citation

  • Secăreanu Constantin & Dridea Catrinel, 2017. "Informational System For Early Notice – Instrument For Managing The Economic Risks," Romanian Economic Business Review, Romanian-American University, vol. 12(4), pages 89-97, december.
    • Handle: RePEc:rau:journl:v:12:y:2017:i:4:p:89-97
    as

    Download full text from publisher

    File URL: http://www.rebe.rau.ro/RePEc/rau/journl/WI17/REBE-WI17-A8.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rau:journl:v:12:y:2017:i:4:p:89-97. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alex Tabusca (email available below). General contact details of provider: https://edirc.repec.org/data/ferauro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.