Template-Type: ReDIF-Article 1.0 Author-Name: Alexandru Paru Author-Email: parualexandru10@stud.ase.ro Author-Workplace-Name: Academy of Economic Sciences Author-Name: Iyad Isbaita Author-Email: eyad247@hotmail.com Author-Workplace-Name: Academy of Economic Sciences Author-Name: Paul Marinescu Author-Email: paulmarinescu1@gmail.com Author-Workplace-Name: University of Bucharest Title: Small and Medium-sized Enterprises in Romania in the Dynamic Context of Recent Years Abstract: This paper examines Small and Medium-sized Enterprises (SMEs) in the dynamic context marked by the Fourth Industrial Revolution, the conflict in Ukraine, and, particularly, the COVID-19 pandemic. The study highlights the measures taken in various countries to support their economies, with a specific focus on SMEs. Moreover, the paper emphasizes the significance of female entrepreneurship in the Romanian economy, both in general and in the current context. Research indicates that female entrepreneurship can bring greater value to the labor market and contribute to diversity and innovation. The research methodology adopts a descriptive approach based on specialized literature and statistical data, utilizing bibliographic research and the analysis of secondary data. The study analyzes data related to the number of active SMEs in Romania and the impact of the pandemic on the establishment of new businesses. It underscores the need for effective management to handle risks in a dynamic and complex entrepreneurial environment. This paper emphasizes the importance of SMEs for the economy and the necessity of efficient management to mitigate risks in the context of the COVID-19 pandemic and the Fourth Industrial Revolution. The development of female entrepreneurship adds supplementary value and can contribute to economic recovery. Thus, this paper serves as a valuable source of information for those interested in the situation of SMEs and their management Classification-JEL: D81, L21, L26, M21 DOI: Keywords: Small and Medium-sized Enterprises (SMEs), challenges in the current context, resilience, Romania, development prospects Journal:Manager Pages: 33-44 Volume:36 Issue: 2 Year: 2022 Month: May File-URL: https://manager.faa.ro/wp-content/uploads/2023/08/36m_33_44.pdf File-Format: Application/pdf File-URL: https://manager.faa.ro/?p=8707 File-Format: text/html Handle: RePEc:but:manage:v:36:y:2022:i:2:p:33-44 Template-Type: ReDIF-Article 1.0 Author-Name: Alexandru Paru Author-Email: parualexandru10@stud.ase.ro Author-Workplace-Name: Academy of Economic Sciences Author-Name: Iyad Isbaita Author-Email: eyad247@hotmail.com Author-Workplace-Name: Academy of Economic Sciences Title: Key Aspects in Assessing Entrepreneurial Risks Before and After Implementing a Business Idea Abstract: This paper examines the importance of risk management within small and medium-sized enterprises (SMEs) and investigates the specific situation in Romania. SMEs represent a vital component of the European economy, making significant contributions to the generated value added and beyond. Effective risk management is essential for the survival and success of these enterprises. A correct understanding of the context, without actually facing the same challenges, is particularly important for guiding and advising other entrepreneurs. The utility of this paper lies in offering a comprehensive perspective on the importance of risk management in SMEs and proposing directions and solutions for its improvement. The paper highlights the need for implementing effective risk management internally at the SME level to protect and sustainably develop them. By identifying and assessing risks, developing risk management plans, and continuously monitoring and updating these plans, SMEs can become more resilient to changes and challenges in the business environment. To achieve this, the paper proposes a risk assessment checklist for evaluating and accurately planning the directions of action and development for SMEs. This evaluation is valuable for any SME in different stages of its existence Classification-JEL: D81, G32, M21 DOI: Keywords: entrepreneurship, risk management, resilience, Romania, risk assessment Journal:Manager Pages: 45-57 Volume:36 Issue: 2 Year: 2022 Month: May File-URL: https://manager.faa.ro/wp-content/uploads/2023/08/36m_45_57.pdf File-Format: Application/pdf File-URL: https://manager.faa.ro/?p=8717 File-Format: text/html Handle: RePEc:but:manage:v:36:y:2022:i:2:p:45-57