Risk Analysis and Benchmarking

The instability of the business environment brought in the attention of the company's management, one of the most sensitive aspects, which determines the presence or development, way of action of the organization in relation to future trends. Indicator for the assessment of managerial skills, flexibility of activities in relation to variations of environmental conditions, the performance trend, the risk is currently the most researched aspect of any organization, serving sometimes as a business card in dealing with credit institutions, business partners , state and customers. Tracked as a whole, the ability to produce negative events may be forecasted, if we analyze the common risks that directly affect the company's exercise ability, such as operational risk, business risk, financial risk and the risk of bankruptcy. The analysis of these risks allows their assessment (internal benchmarking) comparing with a standard, and the comparison with the strongest competitor (external benchmarking).. This technique, called benchmarking, is not being used frequently in practice, although its applicability leads to improved performance by identifying weaknesses and adopting best practices, increasing productivity and efficient management of the financial resources, quality and best services. To demonstrate the effectiveness of this management tool, we present the two stages of the procedure, the analysis of the risk indicators and the comparison with the strongest competitor. [PUBLICATION ABSTRACT]