The process of assuming managerial risk in contemporary economy

Abstract

Generally, managers are extremely reluctant in assuming risks; this reticence is based on manager’s individual experience and on the influences of the specific risk factors. The process of undertaking managerial risk implies mitigating the manager’s resistance as well as the elimination of the unfavorable context of decision making. The decision is an essential constituent of the management activity. Also the quality assessment of the management activity completed at company level is better if we analyze the decisions that were taken. The management decision affects directly not only individuals, but also the entire company.