Risk Management and Sustainable Development of Telecommunications Companies

Globalisation determines a continuous increase of risks for companies. Hence, the ability to prevent threats and catch opportunities becomes strategically relevant for corporate success. However, different approaches of risk management can be chosen by firms operating in a same industry. This article is focused on telecommunications companies in global markets. Such companies contribute to market globalisation by facilitating information transmission and knowledge sharing, but they are also exposed to a variety of risks determined by legislative limitations and connected to the social and environmental impact of their processes. Also through an empirical investigation, the paper reflects on sustainable development of telecommunications companies, which depends on the ability to manage risks in a globally responsible way.