Identification of Risk: An Empirical Evidence

Abstract The focus of the paper is to identify risks in various areas of operation of a selected trade and production company. The risks primarily referred to threats that had direct or indirect impact on the functioning of the organisation, thence the causes of their occurrence and effects are determined. Identification of individual risks is made based on analyses of internal and external context of the enterprise. In this study, over thirty key risks were identified, in the operational and strategic area, which is related to the taking of immediate action. The final stage of the paper includes preparation of control mechanisms allowing for minimisation or elimination of the discovered risks.