Annals of Spiru Haret University. Economic Series

6

Authors: Hezi Aviram SHAYB

Nobody is planning to fail, but many companies are failing because of lack of planning. Real business experience showed during the years that crisis can be prevented, avoided or limited. If detected in time, the risks associated with the crisis can be mitigated and the effects can be diminished, with the condition that the actions required are done fast, in a sharp and accurate manner. When it comes, a crisis brings intense level of pressure and under these conditions there is no time or room for mistakes. Delays, losing focus and lack of planning will bring a company one step away from failure. The right way to deal with crisis, if required measures are not done in time, is to minimize the losses and reposition in the best way possible. Analyzing the success stories of some of the biggest and strongest companies in the world, led to an important conclusion: the majority of these companies were in the situation to face huge crises that threatened their ability to survive in certain moments on their way to success. With the right planning and by setting a proper organizational structure, the negative aspects of the crisis can be turned into benefits and opportunities for the company. The most critical challenge for management is to assess the level of exposure to risk of the company and identify the key points to focus on in order to overcome the crisis and create value. In order to set up a strong plan in dealing with crisis, a business organization needs reliable, efficient and effective tools and this is what this article is all about.

7

Authors: Flora ALASGAROVA

Tourism is one of the necessary and very important sectors of country economy. Tourism has its appropriate inimitable characteristics that differentiate this sector from the other sectors. As in the other service industrial fields, in tourism sector the tourists come to the tourism destination place where the tourism services are supplied. To my observation and international experiences, it is hard to think of tourism industry without transportation. Transportation means to carry the tourists to the relevant place where tourism services are accomplished. The article contains detailed information about the introduction to the concepts of tourism, theoretical approach to the tourism as service industry, the role of transport in tourism development, international experiences in transport tourism, development of transport tourism in Azerbaijan economy. The article can be considered as a useful resource for experts and researchers conducting research in this field.

11

Authors: Elena Geanina CLIPICI

The following paper emphasizes the need to deepen the understanding of the notion of banking risk management by explaining the significant risks the bank encounters during financial exercises, as well as their additional entries. The study from the paper will focus on UniCredit Bank during the years 2014 and 2015 on all types of risks, in which we will provide comprehensive data on how UniCredit Bank management applies its risk policies.

13

Authors: Haradhan Kumar MOHAJAN

Every organization needs the proper knowledge management (KM) strategy for its development. In the last decades, the business environment has changed and recently it became more dynamic and more complex. At present, KM is valuable not only for individuals, and organizations, but also for global humanity. So, the directors of the organizations must emphasize on the existing knowledge and try to develop them to achieve the competitive advantage. The purpose of the study is to explore the recent KM practice in the organizations and to show the ways to develop the new KM strategy in future. An attempt has been taken here to apply KM strategy in business performance, business intelligence, and e-business.

23

Authors: Bogdan SOFRONOV

The paper presents information about risk in tourism and about terrorism as a threat for European tourism. If a terrorist attack occurs in a country, then it might make people think twice about visiting that place, and they may decide to change location. Risk is defined as uncertain event management in order to success. Risk is characteristic of all methods and means by which risk is managed to achieve the objectives described in the technical, social, human and political event analysed, having as basis the uncertainty major risk factors. Tourism is travel for pleasure or business; also the theory and practice of touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tours. Tourism may be international, or within the traveller’s country.