Chief Editor
  • Ognyan Simeonov
National Editorial Board
  • Ognyan Simeonov, UNWE
  • Elka Todorova, UNWE
  • Plamen Mishev, UNWE
  • Maya Lambovska, UNWE
  • Todor Nedev, UNWE
  • Christina Nikolova, UNWE
  • Dorina Kabakchieva, UNWE
International Editorial Board
  • Dr. Damian Stantchev
    Edinburgh NAPIER University, UK

  • Dr. Ivaylo Vassilev
    University of Southampton,UK

  • Prof. Dr. Irina Kuzmina-Merlino
    Transport and Telecommunication Institute, Riga

  • Milan Zdravkovic
    University of Niš, Serbia

  • Prof. Dr. Niculae Mihaita
    Bucharest Academy of Economic Studies, Romania

  • Prof. Ricardo Jardim-Gonçalves, PhD
    UNINOVA institute, New University of Lisbon, Portugal

  • Prof. Ing. Jaroslav Belás, PhD
    Tomas Bata University in Zlín, Czech Republic

  • Prof. Dr. John Rijsman,
    Tilburg University

  • Prof. Ing. Zdenek Dvorák, PhD
    University of Zilina, Slovak Republic

  • Prof. Dr. Zoran Cekerevac
    “Union – Nikola Tesla” University in Belgrade, Serbia

Necessity of the Risk Management Implementation in the Framework of the Socially Responsible Entrepreneurship
YEARBOOK OF UNWE
year 2017

Necessity of the Risk Management Implementation in the Framework of the Socially Responsible Entrepreneurship

Abstract

The dynamic development of the global business environment raises a number of issues that require that managers should consider the possible negative impact of their daily decision-making. The erroneous decisions affect not only a company's stakeholders but also its further development. Therefore sustainable growth of the business requires that company managers should be able to anticipate potential risks, manage change and thus avert a possible crisis. This paper aims to make an analysis of the state of affairs with regard to corporate social responsibility and risk management abroad. It also aims to assess the flaws in implementing risk management in the framework of the socially responsible entrepreneurship. The conclusions arrived at suggest that a successful implementation of risk management in the enterprises is mainly dependent on managers' attitudes to risk and in the appropriately adjusted corporate culture.

JEL: M14, M15

Keywords

risk, Risk Management, social responsibility of companies
Download Yearbook_2017_No5_Buganova, Hudakova.pdf
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ISSN (print): 1312-5486
ISSN (online): 2534-8949