Revista Tinerilor Economiºti (The Young Economists Journal)

decision-making process. 30
99
Management – Marketing - Tourism
Types of risks in business within a company
For a complex managerial project the following risk categories can be
considered 31 :
Technical risk – appropriate to the operating probabilities of the components
of the technical and technological system;
Commercial economic risk, generated by the emergence of new requirements,
of circumstantial events, of unfavourable exchange rates evolutions, dependence on
one supplier, consequences of new regulations, new concepts, internal and international
agreements;
Social risk, generated by the emergence of some inaccuracies of the staff in a
narrow sense or at the labour force market in a broad sense (strikes, unemployment,
confrontations of different interests);
Financial risk – expression of the financial capacity to support the respective
project;
Cultural risk – changes in the company culture and in the impact it generates
in the economic system ( the damage of some economic relationships because of
different mentalities, traditions);
Country risk – which offers a measure of the national economic environment
climate and which can highly influence the foreign institutions;
To these we can add other types of risk:
Informational risk (impossibility to keep pace with the new trends of the
market);
Contractual risk refers to the non-fulfilment by the partner of the obligations
assumed by contract.
This risk can occur either when the one of the contracts is no longer of interest
to the partner (fulfilment risk) or when the partner is no longer able to meet the
contractual obligations (insolvency risk). 32
The adoption of a system and/or strategies – policies of quality is based,
therefore, both for the dimensioning the resources of the necessary funds, and for the
protection against risk (by methods of prevention, surveillance, damage coverage,
performance of feasibility studies, technical, constructive and technological options and
alternatives, change of the supply sources, professional and managerial training, etc).
3. Analyses
Risk management strategies
Risk management is a process that requires a lot of effort but which is an
essential component in the success of the organization, contributing to the development
of the added value.
30 www.rei.ase.ro/riskman/risc.html
31 Isaic – Maniu A., Ene S., Tudose G.-G. – Evaluarea, fezabilitatea, planul de afaceri şi
riscurile activităţii economice (Assessment, feasibility business plan and risks of the economic
activities), Ed. Independenţa Economică, Piteşti, 2004, p. 157
32 http://www.manager.ro/articole/cum-sa-pornesti-afaceri/tipuri-de-riscuri-in-afaceri-din-cadrul-
unei-firme-252.html