Managing risks – a managers challenge for successful performance

Karadjova, Vera and Miladinoski, Sreten and Minkov, Djordje (2012) Managing risks – a managers challenge for successful performance. In: First international scientific conference „EMPLOYMENT, EDUCATION AND ENTREPRENEURSHIP“, 12-14 December 2012, Belgrade, Serbia.

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In modern conditions of fast, dynamic, and turbulent changes in national, regional, and broader surroundings, the uncertainty as a basic component that is common for the closer and distant future is becoming larger, and as such it is in direct correlation with risk category. Accepting as an axiom the fact that the risk is an objective category, the challenge with which this paper confronts is to give an overview of the most important risks in business and to propose same possible strategies of risk management. The main goal and motive for their investigation is to find out manners for theirs appropriate treatment, i.e. to manage with them. Such need wrap oneself from the basic logic that the diagnosis is only the half road to restoration- and after that appropriate therapy is necessary. The substantive part of the analyses takes interest in the therapy i.e. achievable strategies for risk management, because they are inevitable precognition for successful or unsuccessful working. There are various kinds of risks which may be a result of economic or non economic impact, and from objective or subjective provocative. A great number of those risks may come out during every enterprise operating and its activities and relations with external stakeholders. This paper also elaborates the connection between the organizational structure and the risk, human resource structure and psychological moments of the manager as a person who is on a certain management position in an enterprise, the need of planning process and decision making in order to reduce the possible risks of every kind.

Key words: risk, management, strategies, decision making, effective performance, human resource structure

JEL: G32

UDC: 005.334, 005.96

Item Type: Conference or Workshop Item (Paper)
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Tourism and Hospitality
Depositing User: Prof. d-r Vera Karadjova
Date Deposited: 27 May 2020 22:18
Last Modified: 27 May 2020 22:18

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