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DETECTION OF RISKS IN COMPANY'S BUSINESS

Journal: The Scientific Journal for Theory and Practice of Socio-economic Development Socioeconomica (SJSECO) (Vol.1, No. 2)

Publication Date:

Authors : ; ;

Page : 213-222

Keywords : Risk management process; asymmetric information; negative selection; risk assessment; control risks;

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Abstract

Globalization is the process of establishing the liberal movement of people, capital and information. Products and services are usually designed for an unknown buyer. That type of trade is always associated with risk. The risk may be lower or higher, but is always present. Risk can not be eliminated but can be controlled. The risk is undesirable necessity with which companies exist. To survive in the modern market, means to manage risk. Unpredictable changes and unforeseen events cause uncertainty. Uncertainty is a major risk factor. All the disorders in relation to regular status are essentially risk. If the risk is complex and uncontrolled, it causes a crisis. The crisis is a worm that corrosive company ,,at the base.''

Last modified: 2014-02-03 23:42:48