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Challenges In Implementing Risk Management: A Review Of The Literature

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  • Adina-Liliana PRIOTEASA
  • Carmen Nadia CIOCOIU

Abstract

Considering the highlighted importance of risk management in the past ten years, it is essential to know the current state of the literature regarding the challenges that characterize the process of risk management implementation. To address these elements, a literature review was conducted. After defining search criteria, the search was performed on Web of Science Core Collection and Scopus database. The final database included 5 articles from the two databases examined, plus 3 other non-indexed studies in databases that were found after searching on Google and 1 article from hard copy, most of them published in 2015. Results indicated that there is a growing interest in this concept, not only from a managerial, but also from an academic perspective. The results of this study provide to Romanian organizations an insight into the sensitive elements of the successful implementation of risk management.

Suggested Citation

  • Adina-Liliana PRIOTEASA & Carmen Nadia CIOCOIU, 2017. "Challenges In Implementing Risk Management: A Review Of The Literature," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(1), pages 972-980, November.
    • Handle: RePEc:rom:mancon:v:11:y:2017:i:1:p:972-980
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    References listed on IDEAS

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    1. Niam Yaraghi & Roland G. Langhe, 2011. "Critical success factors for risk management systems," Journal of Risk Research, Taylor & Francis Journals, vol. 14(5), pages 551-581, May.
    2. Fraser, John R.S. & Simkins, Betty J., 2016. "The challenges of and solutions for implementing enterprise risk management," Business Horizons, Elsevier, vol. 59(6), pages 689-698.
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