Risk management and viability of economic organizations – Camelia Ratiu-Suciu, Ioan Ratiu-Suciu
The beginnings of risk management (RM) we find in the insurance policy of large American companies. In the `70s the concept reached Europe and was associated, especially with natural disasters. To its subsequent development the business environment played a determining role, especially by increasing competition.
The successful activity of an organization in competitive conditions is enhanced by the analysis of strengths and weaknesses. This inevitably includes and has integrated the analysis of the binomial chances and risk.