Enterprise risk management in practice of Polish small businesses – own research results

Korombel, Anna

doi:10.3846/bm.2012.146

Cited by 7 publications

(2 citation statements)

References 1 publication

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“…Other definitions of this approach embrace integrated risk management, corporate risk management, holistic risk management or enterprise-wide risk management. Thus, risk management is now moving away from a silos perspective of risk towards a holistic way of looking at risk, in which all risks are managed jointly and analyzed across the entire enterprise (Korombel 2012).…”

Section: Contemporary Trends Towards Enterprise Risk Managementmentioning

confidence: 99%

“…Currently, many organizations and institutions all over the world deal with the development of integrated risk management standards (Knight 2002;Raz, Hillson 2005 The aim of the risk management process is to identify potential events which, if occurred, could have a negative impact on the achievement of the objectives set by an enterprise, to assess their effects and probability of occurrence as well as to indicate the ways of limiting them. Naturally, the occurrence of an event may also have a positive impact on the company's objectives, though in practice, the events that cause negative deviations from the set objectives are mainly considered (Korombel 2012). The process of risk management in companies usually consists of such steps as risk identification, risk assessment, risk response (treatment), communication and monitoring.…”

Section: Contemporary Trends Towards Enterprise Risk Managementmentioning

confidence: 99%

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The Development of an Attitude Towards Risk Management in the Context of Country Competitiveness

Stasytytė

2013

Business, Management and Education

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The paper analyses the prevailing definitions of risk, uncertainty and risk management as well as attitudes towards risk identification, analysis and response in the context of the enterprise and country as a whole. The article presents a scheme of attainment of risk-intelligent enterprise management and discloses its application possibilities to country risk management. The paper also shows the schematic views of particular techniques applied in each step of the risk management process. After analysing a report on global country risks, a generalized risk map of global risks is formed and detailed further trends of research are determined in order to develop a thorough picture of country risks in Lithuania.

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Section: Contemporary Trends Towards Enterprise Risk Managementmentioning

confidence: 99%

Section: Contemporary Trends Towards Enterprise Risk Managementmentioning

confidence: 99%

The Development of an Attitude Towards Risk Management in the Context of Country Competitiveness

Stasytytė

2013

Business, Management and Education

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Risks Assessment of Trade Services

Jansone

Voronova

2014

Business Systems & Economics

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The goal of the research is to study types of risks, their identification and classification and assessment possibilities in activities of Latvian trade services enterprises. The authors have created classification of the trade services technological process risks and have carried out a survey of the most important risk factors in the stages of the trade services technological process. Also, the authors have created the trade services technological process risks matrix. The risks matrix is a quantitative assessment of risks. Risks have been arranged by their size of possible losses. The experts' method for economic risks assessment has been used and a model of enterprises' risks identification, classification and assessment for the trade services sector of Latvia has been made. The authors have used their own created model of enterprises' risks identification, classification and assessment to research economic and financial risks by their effect on Latvian trade services sector enterprises' development. From the year 2004 till the year 2011, the authors studied medium financial indexes of trade services enterprises in Latvia. Based on economic analysis of trade services enterprises' medium financial indexes, risk-level dynamics assessment has been created, using the special coefficient method.

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Risks Impact on the Accommodation and Food Services: The Case of Latvia

Jansone¹,

Voronova²

2014

EJEF

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The target of this work is to research risks impact on the commercial activity of the accommodation and food services sector's enterprises. Classification of technological process risks of the accommodation (hotel) and food services are created in the article. The authors have carried out a survey of the most important risks' factors in the stages of the technological process. Classification of Latvian accommodation and food services sector's economic and financial risks are created in the period from year 2012 till year 2013. Risks ranking method, experts' method and special coefficient method are used to analyse risks impact on Latvian accommodation and food services sector enterprises' development. The risks matrixes are used as risks assessment tools. Risks are arranged by the size of potential losses. The risks assessments by using the special coefficient method are made in the period from year 2007 till year 2012. The authors have offered rating of external and internal risks by their impact on the commercial activity of enterprises. The authors have used their own created model of enterprises' risks identification, classification and assessment that to research risks impact on Latvian accommodation and food services sector enterprises' development.

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Enterprise risk management in practice of Polish small businesses – own research results

Cited by 7 publications

References 1 publication

The Development of an Attitude Towards Risk Management in the Context of Country Competitiveness

The Development of an Attitude Towards Risk Management in the Context of Country Competitiveness

Risks Assessment of Trade Services

Risks Impact on the Accommodation and Food Services: The Case of Latvia

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