RELATIONAL APPROACHES ON RISK MANAGEMENT WITHIN THE MILITARY ORGANISATION
RELATIONAL APPROACHES ON RISK MANAGEMENT WITHIN THE MILITARY ORGANISATION

Summary/Abstract: Nowadays, in the wake of the financial crisis, organizations face a variety of risks, which require taking the necessary actions in order to manage and place them in an acceptable and controllable area. Knowing the threats that may affect the goals will allow ranking the military organizations based on the likelihood of risk occurrence. Therefore, risk management entails focusing the efforts to protect all interest areas of the military structures. The purpose of this article is to highlight some ways to diminish risks in the military organization, by adopting internal control strategies, namely tolerating, treating, transferring risks or terminating activities. To this end, we envisage implementing within the organization, the appropriate risk management procedures, which must be regularly reviewed in order to adapt them to possible specific changes.

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