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Risk Management And Managerial Risk Taking

Author

Listed:
  • Ana-Maria DINU

    (Christian University “Dimitrie Cantemir”, Bucharest)

Abstract

The risk – one of the "key mechanisms" of economic development - is a specialized concept in theory that was not discussed enough, people still not being able to master the techniques for identifying and avoiding it during the course of their activity. Risk is the art of taking decisions in a world governed by uncertainty - a complex process of identifying, analyzing and responding to risks to which the organization is exposed.

Suggested Citation

  • Ana-Maria DINU, 2011. "Risk Management And Managerial Risk Taking," HOLISTICA Journal of Business and Public Administration, Association Holistic Research Academic (HoRA), vol. 2(1), pages 56-60, January -.
    • Handle: RePEc:urn:urnste:v:2:y:2011:i:1:p:56-60
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