Financial management of risks as a vital condition for the economic and financial stability for an enterprise

Today, under the influence of the globalization process of the financial international markets and the instability of the global financial situation, sound financial management of enterprise risk is needed more than ever. The financial risks management objective consists in their minimization trough realizing a proper strategy for obtaining the financial stability of the enterprise. It is necessary to mention that the risk evaluation represents the quantitative calculation of the level of risk, of its characteristics, its causes, and possible consequences as a result of the influences on enterprise performance. An entrepreneur constantly faces problems regarding the elaboration of the strategy for avoiding the threat of a potential crisis situation. Therefore, the entrepreneur has to estimate the potential possibilities of a dangerous situation, to forecast the risk of apparition of insolvency or bankruptcy, to elaborate and to adopt measures in order to assure the financial stability of its activity.