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Transparency in Risk Management Does Mitigation and Decision-Making Process of Management

Author

Listed:
  • Oliver Momcilovic

    () (MEGATREND University Belgrade)

  • Vesna Rajakovic

    () (d.o.o. PRIVILEG Sabac)

Abstract

Tangible goods used for production, machinery, equipment and appliances, as well as natural forces and laws affected by them, which are allowing the creation of more favorable life conditions are often unpredictable and destroy what man creates and, eventually, cause property damage and aggravate the chances for progress of a mankind, production companies and society in general. Economic damage that thus occur, impelled the scientists to examine the frequency of such damage, in order to minimize or remove them completely.

Suggested Citation

  • Oliver Momcilovic & Vesna Rajakovic, 2009. "Transparency in Risk Management Does Mitigation and Decision-Making Process of Management," Analele Universitatii "Eftimie Murgu" Resita Fascicola de Inginerie, "Eftimie Murgu" University of Resita, vol. 1(XVI), pages 203-211, December.
  • Handle: RePEc:uem:journl:v:1:y:2009:i:xvi:p:203-211
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    File URL: http://www.anale-ing.uem.ro/2009/2009_a29.pdf
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    More about this item

    Keywords

    : management; risk; process; identification; analysis; planning; control;

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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