Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics (Apr 2024)

Evaluation and Management of Risk Situations

  • Alexandrina Brinza,
  • Ioana Lazarescu,
  • Viorica Ioan,
  • Angelica Stratulat

DOI
https://doi.org/10.35219/eai15840409384
Journal volume & issue
Vol. 30, no. 1
pp. 30 – 35

Abstract

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Risk management and crisis management are essential aspects for the survival and success of organizations in a volatile environment. By identifying, evaluating, and efficiently managing risks, organizations can minimize the negative impact on their activities. In the light of a proactive and integrated approach, investments in technology and human resources become priorities for adapting to changes in the business environment. Open and transparent communication, collaboration between departments, and involvement of all members of the organization are crucial for coordinating and effectively implementing risk and crisis management strategies. Adopting an organizational culture focused on prevention and anticipation can transform risks into opportunities for development and continuous improvement. Continuing investments in organizational capabilities, improving communication, and engaging with stakeholders are necessary for effective crisis management.

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