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Working Paper Upon Competitive Business Risk Review- Human Capital Outcast

Author

Listed:
  • STEPIEN, Sebastian
  • MIRONESCU, Alexandra
  • MARCZAK, Lukasz

Abstract

The information society represents a new stage of human civilization, a new way of life that implies intensive use of information in all domains of human activity and existence, with a great economic and social impact. The information society gives its members large access to information, a new method of work and a way of knowledge; it amplifies the possibility of economic globalization and the increase of social cohesion. Hence, competitive business risk review-human capital outcast is important for institutions for any short or long term activity. Benefits and opportunities must be seen not only in the context of itself, but also in relation to the multiplicity of stakeholders that may be affected. There are many risk management solutions that meet their goals. The solution is both managerial discipline and organization processes and existing systems because they provide necessary information on the risks inherent in which to adjust the policy options. Ability to handle strategic options is a key performance indicator which permits the risk management strategy. Thus, strategic planning based on prudent risk management involves taking calculated risks in order to obtain an advantage; this is maximizing value while maintaining acceptable risk tolerances of stakeholders: creditors, suppliers, customers, employees.

Suggested Citation

  • STEPIEN, Sebastian & MIRONESCU, Alexandra & MARCZAK, Lukasz, 2012. "Working Paper Upon Competitive Business Risk Review- Human Capital Outcast," Holistic Marketing Management Journal, Holistic Marketing Management, vol. 2(3), pages 84-91, September.
  • Handle: RePEc:hmm:journl:v:2:y:2012:i:3:p:84-91
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    File URL: http://holisticmarketingmanagement.ro/RePEc/hmm/v1i1/7/12.pdf
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    References listed on IDEAS

    as
    1. Pallis, Athanasios A. & de Langen, Peter W., 2010. "Seaports and the structural implications of the economic crisis," Research in Transportation Economics, Elsevier, vol. 27(1), pages 10-18.
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    More about this item

    Keywords

    risks associated strategic decision-making; key performance indicator; risk review; calculated risks;

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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