RISK MANAGEMENT – CULTURE AND STRATEGY Cover Image

Managementul de risc-cultura si strategie
RISK MANAGEMENT – CULTURE AND STRATEGY

Author(s): Cătălina Sitnikov
Subject(s): Economy
Published by: Editura Universitaria Craiova
Keywords: management; culture; risk; strategy

Summary/Abstract: Nowadays, all firm believes is that is that, the number and the importance of the opportunities are directly proportional the size of the uncertainty that comes with the economic life. The speed of contemporary changes forces the firms to over prove their flexibility, adaptability and a high capacity of learning all the new things. On the other hand, an operational risk management appears as the main way for the firms to anticipate and adapt to uncertainty, regardless the size or sector belonging to. Besides all this, behind every efficient operational risk program, lies its very strong culture. Thus, the existence of an operational risk culture will always serve as a background to build the components of the operational management of risk in the organizations. Built on theoretical bases, this article tries to show a very accurate imagine of the four basic attributes of a strong risk and environment culture: leadership and strategy, responsibility and consolidation, people and the communication between them and the management of risk and infrastructure.

  • Issue Year: XXXVI/2008
  • Issue No: 5
  • Page Count: 5
  • Language: English