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Journal articles on the topic 'Enterprise Risk Management'
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Mošková, Erika, and Katarína Buganová. "Improving Business Sustainability by Connecting Business Continuity Management and Risk Management." WSB Journal of Business and Finance 57, no. 1 (January 1, 2023): 38–45. http://dx.doi.org/10.2478/wsbjbf-2023-0005.
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Abstract Business continuity management is a tool that provides a structured framework for building business sustainability with the ability to respond effectively, protecting the interests of key stakeholders as well as other key activities that create value for the business. It is the disruption of the enterprise’s key activities that can cause problems that enterprises may not be able to handle without proper help and can lead to bankruptcy. The action of various factors from the external as well as the internal environment can change the overall development of the enterprise depending on its reaction to the given change, at the same time, in connection with its initial readiness, ensured prevention of the enterprise. Maintaining business continuity is closely related to ensuring the smoothness of business processes. Business continuity management is a management process that identifies potential threats and their impact on the enterprise’s business operations. Therefore, the article aims to highlight the benefits of the implementation of business continuity management in enterprises, which would ensure the course and smoothness of business operations. At the same time, in combination with risk management, it is possible to reach a better understanding of the enterprise and its activities that ensure the running of the enterprise. The importance of business continuity management and risk management lies primarily in the enterprise’s readiness to face unexpected situations, while the appropriate selection of methods, techniques, and procedures can help to activate and create a sustainable enterprise system. By implementing business continuity management and risk management, it would be possible to achieve an improvement in the enterprise’s response to adverse situations but also in the overall course of the executed processes concerning the operation of the enterprise. Interruption of business operations can be caused by various factors, which have an impact mainly on the ability of the business to function even in difficult, unpredictable situations. Therefore, in this context, the main emphasis is placed on prevention, preparedness, and the ability of the enterprise to respond promptly to changes in the environment and the ability to transform its activities in its entire structure.
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Moon, Karen K. L., Phyllis L. L. Mo, and Rita L. Y. Chan. "Enterprise Risk Management." International Journal of Risk and Contingency Management 3, no. 2 (April 2014): 18–30. http://dx.doi.org/10.4018/ijrcm.2014040102.
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The authors investigate strategic measures companies adopt to combat and manage risks in order to survive and grow in an unstable economic environment. Based on in-depth interviews with senior staff from six Hong Kong-based successful enterprises in the textile and clothing industry, they find that companies have adopted various enterprise-wide, holistic, and integrative approaches to effectively address and manage risks. Also found was that the use of a formal approach to manage risks by a company at a different stage of the Enterprise Risk Management (ERM) maturity continuum is affected by its size, scope of operations, and legal structure. The findings from this study enhance the understanding of the relationship between organization structure and risk management.
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Lisdiono, Purwatiningsih, Jamaliah Said, Haslinda Yusoff, and Ancella A. Hermawan. "Risk management practice, alliance management capability, and enterprise resilience: Findings from Indonesian state-owned enterprises." Problems and Perspectives in Management 20, no. 1 (February 7, 2022): 190–202. http://dx.doi.org/10.21511/ppm.20(1).2022.17.
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In the era of high uncertainties, all businesses, including state-owned enterprises, are trying to be resilient, be able to absorb the negative impacts caused by the changes, adjust, rebound, and then thrive and success after the disruptions. This study aims to examine to what extent risk management and alliance management capabilities promote enterprise resilience among Indonesian state-owned enterprises using dynamic capability theory. Analysis was done using SPSS and Structural Equation Model – Partially Least Squares on 322 valid questionnaires that were received via an online survey from the boards of directors and senior management of state-owned enterprises and their subsidiaries. The study discovered that alliance management capabilities have a significant positive effect on enterprise resilience and risk management practice. Furthermore, the findings show that risk management contributes significantly to the formation of enterprise resilience and act as a mediator between alliance management capabilities and enterprise resilience. Thus, enterprise resilience can be developed by having the ability to form and manage alliances effectively and efficiently, as well as practicing risk management, which allows a firm to anticipate and plan mitigation actions in the face of an uncertain and disruptive situation. Acknowledgment We acknowledge the Ministry of Higher Education Malaysia for HICoE Research Funding, Accounting Research Institute (ARI), Universiti Teknologi MARA, Malaysia, Universitas Indonesia, Indonesia, for all support and resources.
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Schneier, Robert, and Jerry Miccolis. "RISK: Enterprise management." Strategy & Leadership 26, no. 2 (February 1998): 10–16. http://dx.doi.org/10.1108/eb054613.
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McNeil, Alexander J. "Enterprise Risk Management." Annals of Actuarial Science 7, no. 1 (January 14, 2013): 1–2. http://dx.doi.org/10.1017/s1748499512000334.
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Lin, Yijia, Min-Ming Wen, and Jifeng Yu. "Enterprise Risk Management." North American Actuarial Journal 16, no. 1 (January 2012): 1–28. http://dx.doi.org/10.1080/10920277.2012.10590630.
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Kaarbøe, Katarina, Lars Jacob Tynes Pedersen, Christian Eide Andvik, and Anita Meidell. "Enterprise risk management." Magma 16, no. 6 (June 1, 2013): 31–36. http://dx.doi.org/10.23865/magma.v16.830.
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I de siste tiårene har selskaper viet mer oppmerksomhet til å styre risiko. COSO har utviklet et rammeverk som de kaller Enterprise risk management (ERM). I denne artikkelen diskuterer vi utfordringer med ERM-design og hvilken type forskning som trengs for å svare på hvordan disse utfordringene kan håndteres. Vi vektlegger tre områder ved designen til ERM som er problematiske. For det første er individualiseringen av et selskap problematisk, fordi det fører til at det kun har én risikoappetitt. For det andre er ERM basert på en revisjonslogikk, som fører til reaktivitet. For det tredje tar designen bare hensyn til et selskap og ikke nettverket av selskap. Det er derfor viktig at vi utvikler mer kunnskap om hvordan risikostyring er designet og hva dette innebærer for helhetlig styring.
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Hong, Nguyen. "The Effects of Enterprise Risk Management on the Performance and Risk of Vietnamese Listed Firms: Evidence from Abnormal Enterprise Risk Management Index." GLOBAL BUSINESS FINANCE REVIEW 28, no. 5 (October 31, 2023): 122–36. http://dx.doi.org/10.17549/gbfr.2023.28.5.122.
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Purpose: This paper examines the effects of Enterprise Risk Management (ERM), as measured by the Abnormal Enterprise Risk Management Index (ABERMI), on the performance and risk of Vietnamese listed firms.
Design/methodology/approach: The paper employs a combination of three regression methods (Pooled Ordinary Least Squares, Fixed Effect Model and Random Effect Model) to test the effects of Enterprise Risk Managment on the performance and risk of Vietnamese listed firms in the period of 2010-2020. In addition, a two-stage re-gression model is used to calculate the ABERMI.
Findings: The findings show that firms with effective enterprise risk management (ERM), as evidenced by their low abnormal enterprise risk management index, can enhance their business performance measured by Tobin's Q. Furthermore, good ERM helps firms reduce the risk of bankruptcy. However, the research proves that ERM is not associated with return on total assets and systematic risk.
Research limitations/implications: Firm can employ Enterprise Risk Management (ERM) to efficiently and effec-tively manage risk. Additionally, applying a standard might further enhance the quality of risk management efforts by managers. Authorities can encourage the implementation of ERM to safeguard investor's wealth and indirectly protect the Vietnamese economy.
Originality/value: Through a comprehensive analysis of various methodologies, this paper aims to uncover positive outcomes in exploring the impact of Enterprise Risk Management (ERM) on both risk and performance within the setting of Vietnamese listed firm.
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Fomichenko, I., V. Bashtovyi, S. Barkova, and O. Pakhomova. "Peculiarities of Innovative Risk Management at Industrial Enterprises of Ukraine." Economic Herald of the Donbas, no. 4 (66) (2021): 80–88. http://dx.doi.org/10.12958/1817-3772-2021-4(66)-80-88.
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The article is devoted to the study of enterprise risk management in innovation, which necessitates the study and generalization of innovation experience in Ukraine and other countries. Substantiated and highlighted issues related to improving the process of innovation risk management in the enterprise. The process of innovation risk management at domestic enterprises is studied. Identified existing problems that arise during this process, and identify the main ways to solve them. Important rules that need to be followed in order to increase the effectiveness of innovation risk management in domestic enterprises are highlighted.
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Lin, Yi, and Jin Wu. "Design and Research of Enterprise Management System Based on Online Service Risk Management." Advances in Engineering Technology Research 4, no. 1 (March 18, 2023): 556. http://dx.doi.org/10.56028/aetr.4.1.556.2023.
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Risk management information system must be able to effectively identify, analyze and transmit relevant risk information, so that enterprise management can make relevant decisions and effectively manage risks. An effective risk management information system should also promote the effective communication of risk information within the enterprise. In the fierce market competition, enterprises are always facing the uncertainty from the external environment and the internal environment, which is the risk. To be more precise, enterprise risk refers to the influence of future uncertainty on enterprises to achieve their business objectives. For enterprises and their operators, their external environment is also full of changes and uncertainties. In order to survive and develop in the fierce market competition, enterprises must know how to control and manage various risks brought by external market environment and internal management and operation. In this paper, the systematic risks and precautions in enterprise management are analyzed and explored, and the design method of enterprise management system based on online service risk management is analyzed.
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Zhang, ZhenYan. "Internal Control Analysis of Enterprise Risk Management." Advances in Economics, Management and Political Sciences 44, no. 1 (November 10, 2023): 180–85. http://dx.doi.org/10.54254/2754-1169/44/20232226.
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As a very important part of modern enterprise management, enterprise risk management can improve the overall efficiency and competitiveness of enterprises by managing risks. However, with the accelerated development of globalization, digitalization and networking, the risks faced by enterprises are diversified and complex, so enterprise risk management needs to be constantly innovated and improved on the basis of tradition. As a part of enterprise risk management, internal control has its own uniqueness, and the two are interrelated. This paper analyzes the relationship between enterprise risk management and internal control and corporate governance through theoretical analysis, and selects BP Oil Company's oil spill incident and Tokyo Disney exchange rate fluctuation risk as a case to further analyze the relationship between risk management and internal control. By analyzing the problems existing in the actual management of enterprises, we can find ways to improve their operational efficiency and reduce their operational risks.
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Zhu, Lufan. "Research on Risk Management under Enterprise Financing." Advances in Economics, Management and Political Sciences 44, no. 1 (November 10, 2023): 174–79. http://dx.doi.org/10.54254/2754-1169/44/20232225.
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Financing is an indispensable process for the development and growth of enterprises, and there are various ways of financing enterprises. However, enterprise financing is accompanied by various risks, and enterprise risk management is a key factor in ensuring the continued operation of enterprises and enhancing their competitiveness. How to cope with these risks is crucial to the healthy development of enterprise financing and operations. Therefore, this paper discusses risk management under enterprise financing through theoretical analysis and a case study. Through the analysis, financing risks mainly include cash flow crises, capital structure changes, dilution of shareholders' equity, conflicts of interest, etc. In order to cope with the risks arising from financing, enterprises can usually take measures such as disclosing information and evaluating risks regularly, optimizing capital structure, and coordinating creditor-debt relationships. In addition, enterprises can ensure that their claimed technologies and products are in line with reality and ethical and legal requirements by establishing transparent technology verification and auditing mechanisms.
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Shymko, Olha V. "Integration of Risk Management Into the Quality Management System of Trading Enterprise." Business Inform 1, no. 540 (2023): 191–96. http://dx.doi.org/10.32983/2222-4459-2023-1-191-196.
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The article is aimed at studying the features of the risk-oriented approach in the context of the development of quality management systems as an instrument for management of trading enterprises to solve the problems of increasing their competitiveness, ensuring risk resistance and risk protection. The economic essence of risk as an integral element of the economic and financial activity of the enterprise, which in its manifestation poses a threat to the achievement of the established goals of this activity in conditions of uncertainty and lack of complete information at the time of making decisions on planning, management, coordination, control of the enterprise’s activities, is covered. The list of risks inherent in the activities of commercial enterprises is considered. The classification of risks depending on the type of trade object, group of goods, functional divisions of the trading enterprise and the subsystems has been improved, which allows to deepen research in this direction and objectively determine the areas in which the degree of risk corresponds to the characteristics of the activity. The content and sequence of the main stages of risk management in a trading enterprise are characterized. The article considers features of various approaches to risk management: adaptive, functional, system, process-oriented. It is argued that the lack of an integrated risk management policy of a trading enterprise aimed at implementing strategic development goals leads to: insufficient coordination of individual managerial decisions in this area of various functional services; low level of implementation and use of modern methods and tools for identification and assessment of risks; insufficient substantiation of risk management models in various operations of the trade and technological process; use of inefficient forms of control over the result of the chosen risk solution. A conception of implementing the risk management in the quality management system of a trading enterprise, implemented in accordance with ISO 9001: 2015, is proposed. This conception will provide integrated management of material, financial, information, service flows in business processes between the functional areas of procurement, transportation, warehousing, production, implementation in the performance of management functions of analysis, planning, organization, coordination, motivation, control in compliance with the principles of consistency, efficiency, continuity, cyclicality, variateness, adaptability, mutual consistency, as well as the completeness of the functions of such management and the use of a unified approach to the mechanism of enterprise management. The normative-methodological base of risk management within the documented quality management system of the enterprise is considered.
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Filyppova, Svitlana, Anatoliy Bundyuk, and Valentyna Vasylieva. "VENTURE ENTERPRISE RISK MANAGEMENT." Economic journal Odessa polytechnic university 2, no. 12 (May 26, 2020): 73–79. http://dx.doi.org/10.15276/ej.02.2020.9.
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Makarchuk, I. "STRATEGIC ENTERPRISE RISK MANAGEMENT." Ekonomika ta derzhava, no. 8 (August 28, 2020): 107. http://dx.doi.org/10.32702/2306-6806.2020.8.107.
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Bykov, A. A. "About Enterprise Risk Management." Issues of Risk Analysis 18, no. 5 (October 30, 2021): 8–9. http://dx.doi.org/10.32686/1812-5220-2021-18-5-8-9.
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Rebonato, Riccardo. "Financial Enterprise Risk Management." Quantitative Finance 17, no. 12 (November 10, 2017): 1795–97. http://dx.doi.org/10.1080/14697688.2017.1386917.
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Abrams, C., J. von Kanel, S. Muller, B. Pfitzmann, and S. Ruschka-Taylor. "Optimized enterprise risk management." IBM Systems Journal 46, no. 2 (2007): 219–34. http://dx.doi.org/10.1147/sj.462.0219.
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Ivanov, D., E. Rostova, and M. Klyovina. "Risk management modeling for an industrial enterprise." Вестник Пермского университета. Серия «Экономика» = Perm University Herald. ECONOMY 18, no. 3 (2023): 247–57. http://dx.doi.org/10.17072/1994-9960-2023-3-247-257.
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Introduction. The paper examines the definitions of risk concept applied to an industrial enterprise and differentiates between risk and uncertainty. The paper also describes the functions of risk management which focus on instant decision making in terms of a clear action plan and measures aimed to limit the damages and control the enterprise’s budget.Purpose. The paperaims at exploring the key components of enterprise’s risk management, describing and documenting the functions of the system’s stakeholders.Materials and Methods. Theoretically and methodologically, the paper originates from the existing approaches to risk management for the companies, including an industrial enterprise. The approaches were analyzed to find the adequate purpose-oriented type of risk management for an enterprise –hierarchical. Results. The paper gives a scenario for risk management of an industrial enterprise (Center) in the event of a risk event involving third parties – system’s participants or Agents (an insurance company, waste disposal operator, repair company, bank). A target function of profit is constructed for each participant. Conclusion. The proposed multiagent risk management system for an industrial enterprise includes the enterprise’s cash flows aimed to mitigate the risk. Further research will outline the types of functions for profit and damage of each participant in the system to specify the performance and interaction between the Center and Agents.
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Matveeva, Anna. "Risk Management to Ensure Environmental Safety at Enterprises." Natural Systems and Resources, no. 3 (December 2018): 51–58. http://dx.doi.org/10.15688/nsr.jvolsu.2018.3.6.
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The article raises the issue of environmental risk management for the formation of measures to ensure environmental safety in industrial enterprises. A classification of environmental risks is given depending on the nature and type of environmental impact. The paper describes the methods of environmental risk management. On the basis of which it is possible to build a further strategy of the enterprise to reduce or prevent the occurrence of risks depending on risk-forming factors of the environment. The concept of environmental risk management in an enterprise should be developed taking into account the economic conditions inherent in a particular enterprise, depending on the climatic and economic conditions of the region. Each industrial enterprise is unique in its field of activity, production volumes and a set of external and internal environmental factors. Therefore, environmental risk management can be classified as a targeted action aimed at choosing the optimal strategy for the enterprise to minimize environmental damage. The paper is proposed an algorithm for managing environmental risk for enterprises.
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Sun, Guoliang, and Bayi Guan. "Enterprise Audit Risk Assessment and Prevention based on AHP Analysis." Scalable Computing: Practice and Experience 25, no. 3 (April 12, 2024): 2013–20. http://dx.doi.org/10.12694/scpe.v25i3.2688.
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If there are no auditing standards or auditing processes of big data, the audit risks of enterprises are increased. This paper first introduces the topic through the research background and literature review in order to ensure the integrity and accuracy of audit evidence to the maximum extent, and then analyses the causes of enterprise audit risk. When analysing the risk level of material misstatement, it is mainly the audit risk generated by the enterprise's unique business model, information system and financial management. Audit risk is mainly caused by the ability of auditors and audit process management. After quantitative analysis of the correctness of enterprise audit risk assessment indicators, this paper builds a multi-level comprehensive assessment model of enterprise audit risk on the basis of AHP analysis. At the same time, this paper puts forward specific measures to improve audit methods and audit processes and prevent audit risks in view of the actual problems encountered in the current audit risk of enterprises, so as to provide certain references for enterprise risk management and control.
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Zhang, Tao, Jingxuan Qi, Zixuan Zuo, and Qi Hao. "External Risk Management of Brand Construction of Time-honored Enterprises." Frontiers in Business, Economics and Management 8, no. 2 (April 2, 2023): 45–46. http://dx.doi.org/10.54097/fbem.v8i2.6612.
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At present, with the development of China's market economy and the deepening of internationalization, the time-honored enterprises need to strengthen their own brand construction in order to maintain their competitiveness in the fierce market competition. Scientific brand building can inject new vitality into the time-honored enterprises. However, if the brand building of the enterprise lacks systematic risk management, it will be difficult for the enterprise to achieve the expected business goals and business effects, and even lead to the enterprise bankruptcy crisis. This paper takes the time-honored T traditional Chinese medicine enterprise as an example, and analyzes how to effectively manage the external risks of the time-honored enterprises in the process of brand construction.
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Xiao, Xi Sheng. "Business Logistics Outsourcing Risk and Management." Advanced Materials Research 479-481 (February 2012): 1718–21. http://dx.doi.org/10.4028/www.scientific.net/amr.479-481.1718.
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Logistics outsourcing as a form of outsourcing, are increasingly welcomed by the enterprises in developed countries, which has become the strategic orientation of many enterprise logistics mode. However, the development of business logistics outsourcing in China is far from that in developed countries, mechanism factors restricting the development of business logistics outsourcing of China has its characteristic, for this, this article analyses the advantages and risks of logistics outsourcing, and proposed prevention countermeasures of enterprise logistics outsourcing in China.
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KOVALENKO, Albina, Oleksandr KOVALENKO, and Olena STANISLAVYK. "Features of risk management of intermediate enterprise." Economics. Finances. Law, no. 4/1 (April 30, 2020): 17–19. http://dx.doi.org/10.37634/efp.2020.4(1).4.
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Introduction. At the present stage of the functioning of market relations is an urgent problem of the emergence of unforeseen risks that impede the effective operation of the enterprise, which carries out its activities in the field of intermediary services. Therefore, it is advisable to characterize the methods and principles of effective risk management in the intermediary activity, in order to identify and prevent the development of unforeseen situations in the enterprise in a timely manner. The purpose of this paper is to investigate the features of risk management of intermediary enterprises. Results. In order to manage the effective operation of the enterprise, the risk management features of the intermediary enterprises should be taken into account. Different types of risks affect the operation of the enterprise in different ways. The impact of the risks can be positive or negative. The source of threats is the negative factors that cause the economic security of the enterprise. The reasons for the emergence of risks in the mediation activity and possible ways of reducing the risks of the intermediary enterprise are indicated, among which are the following: warnings, diversification, insurance, reserves and others. The basic methods and principles of risk management of the intermediary enterprise are highlighted. The most appropriate method of ensuring the effective operation of intermediary firms is the transfer of risk control. Conclusion. The use of this study, with regard to the particularities of risk management, the basic methods and principles, will enable brokers to be more prepared for unforeseen situations and reduce the risk of reducing the level of intermediary services. The information may be useful for businesses that are interested in improving the efficiency of their activities and reducing the likelihood that their risks will be adversely affected.
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Zhu, Wen, and Zhiqi Tan. "Research on risk Prediction of enterprise Financial management based on optimized BP neural network algorithm." Advances in Engineering Technology Research 1, no. 2 (September 24, 2022): 427. http://dx.doi.org/10.56028/aetr.1.2.427.
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The construction and development of the new age, although our country enterprise quantity is increasing, but the financial risk is also increased, so how to do a good job in risk prediction and management decisions, truly achieve expected set of financial management goal, improve the ability of enterprises to cope with risk consciousness, is the enterprise leadership and management of the main problems are discussed. Enterprise financial risk management is an important part of enterprise management. Financial personnel should accurately predict the possible risks of financial management and formulate effective risk prevention and control and solutions when integrating and analyzing relevant data, so as to ensure that enterprises can achieve sustainable development goals. Therefore, this paper takes 53 listed enterprises as an example, on the basis of understanding the risk prediction method of enterprise financial management in recent years, according to the BP neural network algorithm after optimization, in-depth discussion on how to optimize the BP neural network algorithm as the core, do a good job in the risk prediction of enterprise financial management. The final experimental results show that BP neural network algorithm has research value in the risk prediction of enterprise financial management.
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Zhu, Wen, and Zhiqi Tan. "Research on risk Prediction of enterprise Financial management based on optimized BP neural network algorithm." Advances in Engineering Technology Research 2, no. 1 (September 24, 2022): 427. http://dx.doi.org/10.56028/aetr.2.1.427.
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The construction and development of the new age, although our country enterprise quantity is increasing, but the financial risk is also increased, so how to do a good job in risk prediction and management decisions, truly achieve expected set of financial management goal, improve the ability of enterprises to cope with risk consciousness, is the enterprise leadership and management of the main problems are discussed. Enterprise financial risk management is an important part of enterprise management. Financial personnel should accurately predict the possible risks of financial management and formulate effective risk prevention and control and solutions when integrating and analyzing relevant data, so as to ensure that enterprises can achieve sustainable development goals. Therefore, this paper takes 53 listed enterprises as an example, on the basis of understanding the risk prediction method of enterprise financial management in recent years, according to the BP neural network algorithm after optimization, in-depth discussion on how to optimize the BP neural network algorithm as the core, do a good job in the risk prediction of enterprise financial management. The final experimental results show that BP neural network algorithm has research value in the risk prediction of enterprise financial management.
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Ai, Huiyuan, Shuming An, and Jianwen Zhou. "A New Perspective of Enterprise Human Resource Management." Human Resources Management and Services 2, no. 1 (December 30, 2020): 653. http://dx.doi.org/10.18282/hrms.v1i1.653.
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In the new century, the traditional model of enterprise human resource management is facing the challenge of the times, improving the human resource management of enterprises, and must innovate the concept of enterprise human resource management. After the 1950s, some economists established the theory of human capital, not only can more effectively explain the problems of modern social economic growth, but also on the enterprise's human resources management contribution to a positive impact. This paper introduces the concept of human capital and human capital investment into enterprise human resource management, which opens up a new perspective for enterprise human resource management. In this paper, we will first define the characteristics of human capital and the main body of human capital investment, and then analyze the meaning of various human resource management behaviors from the perspective of capital investment, estimate their benefits, costs and risks, and finally use scientific means to establish investment decision model and risk control mechanism, to maximize the effectiveness of human resources, so that the management behavior of enterprise's human can bring more revenue for the enterprises, thereby enhancing the competitiveness of enterprises. At present, the scientific operation of human resources is the key to the healthy development of enterprises.
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Lenko, Ivan. "IMPROVEMENT OF RISK MANAGEMENT SYSTEMS OF TOURISM ENTERPRISES." Bulletin of the National Technical University "Kharkiv Polytechnic Institute" (economic sciences), no. 2 (March 10, 2023): 55–58. http://dx.doi.org/10.20998/2519-4461.2023.2.55.
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The article analyzes the existing risk management systems of tourism enterprises. The need to identify risks and assess the riskiness of situations has been revealed, which in turn will help to make effective management decisions in a timely manner. The main sources of the origin of risks, their role, as well as the factors affecting risk management in the tourism industry are determined. Approaches to defining the concept of risk management at tourist enterprises are analyzed, as well as a set of methods, techniques and measures that allow to predict to a certain extent the occurrence of risky events and take measures to eliminate or reduce the negative consequences of the occurrence of such events. An efficient and effective system of risk management of the activities of tourist enterprises was built on the basis of the conducted research due to a balanced combination of identification, countermeasures and prevention of the occurrence of risks in the future, due to the use of intellectual capital of the management staff of the tourist enterprise. tourism enterprise, ways to minimize the consequences of future risk events, a multi-level concept of risk management based on the implementation of integrated risk management systems at the enterprise. It has been proven that an important stage of the implementation of the risk management system of tourism enterprises is the assessment of the risk at the time of implementation and forecasting its value for future periods in accordance with the given criteria of importance. This will make it possible to assess the trend towards a general reduction of the risk of the enterprise's tourism activity in the long term. It was determined that the implementation of an effective system of activity risk management will allow simultaneous analysis of a large number of individual risks and the degree of their influence on the development of the risk situation. It was concluded that the risk management system takes into account the specific features of the industry and can serve to increase the stability of organizations, primarily financial.
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Zhu, Liyi. "Resilience Assessment and Risk Prediction in Supply Chain Management Based on Network Analysis." Security and Communication Networks 2022 (September 26, 2022): 1–9. http://dx.doi.org/10.1155/2022/7873338.
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As an important link of enterprise development, supply chain management should cause enterprise managers to attach great importance in order to enhance the competitiveness of enterprises. Based on enterprise supply chain management, this paper analyzes the current situation and risks of enterprise supply chain management and predicts the risks of supply chain management through network analysis. Supply chain management has strong resilience and can cope with greater risks for itself and various risk situations in the industry. The influence weight of risk types is assessed. The top three factors will restrict the supply chain management of enterprises and are factors that cannot be tolerated by management. In management practice, the influence should be avoided or mitigated as far as possible to improve the management level. In addition, corresponding measures are put forward according to the characteristics of enterprises, and scientific suggestions are provided for the development of enterprises. This assessment can be used as the basis of enterprise supply chain management risk control management decisions.
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Vasilyeva, T., and N. Antoniuk. "FINANCIAL RISK MANAGEMENT OF AN INDUSTRIAL ENTERPRISE." Vìsnik Sumsʹkogo deržavnogo unìversitetu, no. 3 (2020): 97–103. http://dx.doi.org/10.21272/1817-9215.2020.3-10.
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The article is devoted to the issue of financial risk management of industrial enterprises, which is relevant in the modern realities of the Ukrainian economy. The Google Trends web application analyzes the popularity of search queries in business and industry for phrases such as "financial risk" and "financial risk management" in Ukraine and in the world as a whole over the past 12 months. Based on official statistics, the analysis of the dynamics of the main financial indicators of industrial enterprises of Sumy region for 5 years, namely financial results before tax, financial results from operating activities and operating profitability. Based on the coefficient of variation, the level of financial risk that accompanies the activities of industrial enterprises of Sumy region is determined. The essence of financial risks of an industrial enterprise is revealed and its constituent elements are presented. The main existing approaches to the quantitative assessment of financial risks are presented, which are mainly based on probabilistic assessment. A methodical approach to financial risk management of industrial enterprises is proposed, which provides for constant monitoring of deviations of the integrated indicator, calculated on the basis of financial statements of the enterprise and includes indicators of liquidity, financial stability, profitability, cash flow from financial activities. At the same time, the company is recommended to set clear boundaries of possible deviations of the integrated financial indicator. Emphasis is also placed on the need to form and implement an integrated financial risk management system at industrial enterprises of Ukraine in the modern economic realities of Ukraine. A clear system of financial risk management will allow industrial enterprises to respond in a timely manner to potential threats, neutralize financial risks and avoid possible losses.
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Zhuravlyov, Vladimir, Natalia Varkova, and Nikolay Zhuravlyov. "IMPROVING THE RISK MANAGEMENT SYSTEM OF AN INDUSTRIAL ENTERPRISE." Bulletin of the South Ural State University series "Economics and Management" 16, no. 1 (2022): 124–32. http://dx.doi.org/10.14529/em220112.
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The presented article discusses the problems of risk management in conditions of increasing crisis situations. Industrial enterprises of Russia were selected as the object of research. The problem of the study is an insufficiently perfected risk management system in modern conditions, when political, economic, and social contradictions between countries have sharply escalated, what leads to a decrease in the competitiveness of a number of Russian enterprises. The main purpose of the study is to develop measures to improve the risk management system at an industrial enterprise based on key components – risk assessment and management decision-making. The paper presents the methodological basis of the study, considers the basic concepts of enterprise management in a situation of uncertainty. The article presents a refined model and algorithm for implementing risk management in the strategic enterprise management system. Recommendations are proposed to improve the mechanism of strategic enterprise management based on the integration of key risk management components into the management system of an industrial company.
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Wang, Dandan. "Executive Overconfidence and Green Innovation." E3S Web of Conferences 275 (2021): 02053. http://dx.doi.org/10.1051/e3sconf/202127502053.
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As one of the important ways to achieve sustainable economic development, enterprise green innovation will also have an important impact on the future development of enterprises. Through the analysis, it is found that green innovation can realize the sustainable development of enterprises. However, green innovation has the characteristics of high risk and double externality, so the enthusiasm of enterprise green innovation is relatively low. As the decision maker of enterprises, the characteristics of management will have an important impact on green innovation. This paper studies the influence of Managerial Overconfidence on green innovation. This paper first studies the impact of management overconfidence on enterprise risk-taking ability, and finds that management overconfidence can improve enterprise risk-taking ability. Then it studies the impact of enterprise risk-taking ability on green innovation. The higher the enterprise risk-taking ability is, the more conducive to the implementation of green innovation activities. Through theoretical analysis, this paper concludes that management overconfidence can further promote the green innovation of enterprises by improving the risk-taking ability of enterprises.
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Sutton, Steve G. "Extended‐enterprise systems' impact on enterprise risk management." Journal of Enterprise Information Management 19, no. 1 (January 2006): 97–114. http://dx.doi.org/10.1108/17410390610636904.
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POSOKHOV, Ihor, Olena CHEPIZHKO, and Pavlo PADALKA. "Scientific and methodological recommendations for improving the competitiveness of a machine-building enterprise on the basis of applying risk management tools." Economics. Finances. Law 7, no. - (July 8, 2022): 5–8. http://dx.doi.org/10.37634/efp.2022.7.1.
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Introduction. The study found that in modern conditions, the development of scientific and methodological recommendations for improving the competitiveness of a machine-building enterprise based on the use of risk management tools is an urgent problem, the solution of which will increase the level of competitiveness of machine-building enterprises. The purpose of the paper is to develop scientific and methodological recommendations for improving the competitiveness of the machine-building enterprise on the basis of the use of risk management tools. Results. Modern industrial enterprises operate in an uncertain market environment and are forced to maintain their level of competitiveness in an uncertain market environment, the current decline in industrial production and martial law. Proposed scientific and methodological recommendations on how to improve the competitiveness of the machine-building enterprise on the basis of the development of tools for risk management. It is recommended to use risk management tools in combination with compensatory measures at industrial enterprises of the machine-building industry, namely: refusal of certain management decisions, risk limitation; risk diversification; risk forecasting; creation of reserves; risk insurance; risk management outsourcing. The main risks of the machine-building enterprise are singled out and the main measures concerning their prevention and compensation are offered. Conclusions. The analysis of scientific publications on risk management at industrial enterprises and scientific and methodological recommendations for improving the competitiveness of a machine-building enterprise based on the use of risk management tools was carried out. Scientific and methodological recommendations for improving the competitiveness of a machine-building enterprise based on the use of risk management tools are proposed. The use of risk management tools to improve the competitiveness of a machine-building enterprise is one of the modern methods that accompany the process of effective use of key competencies to increase the level of competitiveness of machine-building enterprises.
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Nurmukhametov, N., K. Auyezova, and M. Sultanova. "Information technology in enterprise risk management." ECONOMIC SERIES OF THE BULLETIN OF THE L.N. GUMILYOV ENU, no. 2 (2022): 167–75. http://dx.doi.org/10.32523/2789-4320-2022-2-167-175.
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The article is aimed at identifying and analyzing the importance of information technologies in enterprise risk management Currently, information technologies perform strategically important functions, such as economic, social, etc. Therefore, the analysis of the importance of effective use of management mechanisms to ensure the dynamic development of information technologies in the enterprise, as well as the need to identify innovative management mechanisms to increase the competitiveness of enterprises in this industry, as a result of which the possibilities of effective planning of measures for the organization of an effective information technology management system in risk management are analyzed. The management mechanism considered in the article includes the mission, purpose, tasks, principles, functions and methods of management. In addition, the mechanisms of planning, organization, stimulation, coordination, control were described and ways of forming management mechanisms were proposed. Mechanisms of innovative management were also considered as a source of promotion from the use of information technologies. The conclusion reflects the main advantages of using information technologies in risk management.
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Zhang, Yantai. "Economic Globalization and Corporate Accounting Risks: An Analysis of Enterprise Risk Management Based on Big Data." Security and Communication Networks 2022 (October 14, 2022): 1–11. http://dx.doi.org/10.1155/2022/8673357.
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Economic globalization has become an unavoidable result of the rapid development of global economy. However, while economic globalization brings speed development and convenience to businesses, it also brings risks and challenges. With the advancement of network technology, Big Data has become increasingly intertwined with people’s lives. Big Data is gradually being applied to the method of people’s lives, in business, medical care, science and technology, production, and life. The production of Big Data for enterprises provides a large amount of data and information analysis library and for the management of enterprises provides a lot of convenience. Business management has also changed with the addition of big data. It is the top priority of enterprise development and survival to cope with the current economic and information globalization era which brings hidden dangers and risks. Based on the background of economic globalization and Big Data, this study analyzes the importance of enterprise risk management in the context of Big Data. This study mainly adopts the literature method and survey method to summarize what problems exist in enterprise risk management, highlights the causes of the problems in enterprise risk management, and gives corresponding solutions according to the existing problems. This paper aims at the study of enterprise risk management in the big environment, hoping to have certain suggestions and guidance for the relevant enterprises.
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Zhang, Qianying, and Fang Zhou. "Research on Enterprise Financial Management and Prediction System Based on SaaS Model." Security and Communication Networks 2022 (April 13, 2022): 1–9. http://dx.doi.org/10.1155/2022/3218903.
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In order to supervise and forewarn the sustainable operation ability of enterprises efficiently and accurately, this paper proposes an enterprise financial management and forecasting system based on SaaS model. First of all, in order to continue to effectively predict and analyze the enterprise finance, first analyze and extract the report data in the financial system. Then, by building a deep belief network model to predict the enterprise financial data, in order to reduce the cost of enterprises, the financial system designed in this paper chooses the cloud technology service framework based on SaaS model. Finally, in order to analyze the risk identification performance of the financial management and prediction system in this paper, the risk sample data of an enterprise’s financial system is selected for simulation test. The results show that the correct rate of risk identification of the financial management system designed in this paper is higher than other comparison systems, which speeds up the speed of risk identification of the financial information management system, and has certain practical application value.
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Wen, Qiong. "Application of Clustering Algorithm in Corporate Strategy and Risk." Computational Intelligence and Neuroscience 2022 (August 31, 2022): 1–11. http://dx.doi.org/10.1155/2022/8803375.
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With the increasing rise of market mechanism and corporate strategic management theory, many companies, especially listed companies, take diversification as their basic strategy. As the main source of power to promote the rapid development of China’s economy, listed companies have also changed the way of China’s economic development. It increases the speed of economic development, improves the level of economic technology, and accelerates the process of economic internationalization. Any economic behavior of an enterprise involves risks. As the development plan to mobilize the overall interests of the enterprise, the strategy will definitely involve the long-term development direction of the enterprise. Enterprise strategic deployments to strategic managements are affected by risk control elements. Strategic risk, as an unavoidable practical problem for enterprises, must be managed. Managing strategic risk is the key to effectively evaluate the management and control system. In order to solve this problem, this paper introduces a clustering algorithm, classifies the strategic risk of diversification, and analyzes its causes. For an in-depth analysis of the risks that diversification will face, this paper selects the case of the enterprise’s diversification development to carry out the research. It conducts in-depth analysis and research on its basic situation, diversification strategy, dilemma, and behavior. The experimental results show that the financial leverage coefficients of the company in the four quarters are 24.64, 3.93, 104.71, and 6.59 respectively. From the numerical value, it can be concluded that the enterprise is in a high-risk state and the strategic risk status of the company can be accurately judged.
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Bashinska, Iryna, Alona Valyanska, and Halyna Homonyuk. "RISK MANAGEMENT FOR ENTERPRISE COMPETITIVENESS." Young Scientist 1, no. 65 (January 2019): 413–16. http://dx.doi.org/10.32839/2304-5809/2019-1-65-96.
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Balog, Michal, and Alina Kovalenko. "FEATURES OF ENTERPRISE RISK MANAGEMENT." Acta Tecnología 3, no. 1 (March 31, 2017): 7–10. http://dx.doi.org/10.22306/atec.v3i1.20.
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Klamut, Elżbieta. "Accounting and Enterprise Risk Management." International Journal of Contemporary Management 14, no. 4 (2018): 235–54. http://dx.doi.org/10.4467/24498939ijcm.18.044.10030.
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Arena, Marika, Michela Arnaboldi, and Giovanni Azzone. "Is enterprise risk management real?" Journal of Risk Research 14, no. 7 (August 2011): 779–97. http://dx.doi.org/10.1080/13669877.2011.571775.
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Nowak, Ryszard. "ENTERPRISE RISK MANAGEMENT (SELECTED PROBLEMS)." International Journal of New Economics and Social Sciences 9, no. 1 (June 28, 2019): 77–93. http://dx.doi.org/10.5604/01.3001.0013.3034.
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Risk is an inherent phenomenon associated with all forms of economic and social ac-tivity of people, both at the level of individual and organizational decisions. The de-gree of complexity and internationalization of economic processes, and consequently the internationalization of decision-making processes in the turbulent environment of the organization results with an increased risk of actions undertaken and difficulties in efficiently identifying various threats. A contemporary approach to risk management referred to as integrated risk management (ERM - Enterprise Risk Management). It focuses on integrating risk management with existing processes in the organization and determining future events that may have a positive or negative impact on the busi-ness. Integrated risk management defining the structure and scope of process man-agement along with setting standards for assessing the effectiveness and efficiency of implemented activities in all levels of the organization and selecting the best solutions that increase these values.
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Altman, W., and C. Cooper. "Integrating enterprise-wide risk management." Engineering Management 14, no. 5 (October 1, 2004): 12–13. http://dx.doi.org/10.1049/em:20040501.
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Meidell, Anita, Katarina Kaarbøe, and Eyvind Aven. "Enterprise Risk Management i Statoil." Magma 18, no. 8 (August 1, 2015): 20–29. http://dx.doi.org/10.23865/magma.v18.948.
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Enterprise risk management (ERM) er et område som har vokst frem som en mer helhetlig løsning på hvordan virksomheter kan styre risiko. Vi spør oss hva som er driverne for utviklingen av en ERM-praksis i en organisasjon over tid, og hva som kan forklare integrering av ERM i beslutningsprosesser. Med hjelp av en casestudie i Statoil viser vi hvordan ERM er utviklet i tre ulike faser. Casen viser at ytre press fører til revolusjonære endringer ved at det settes i gang arbeid for å etablere en ny praksis som avviker betydelig fra den eksisterende måten å arbeide på. Når den første revolusjonære fasen er over, går det over til en mer evolusjonær fase der indre drivere er med på å påvirke utviklingen. Mange aktører påvirker utviklingen av praksis gjennom sitt politiske, tekniske og kulturelle arbeid for å fremme egne synspunkter. Hvor godt aktørene lykkes med sitt arbeid, vil avgjøre i hvilken grad ERM blir integrert i beslutningsprosesser. Dette er med på å forklare hvorfor ERM-praksisen er ulik fra selskap til selskap til tross for at de står overfor de samme ytre pressene, og at det kreves politisk, teknisk og kulturell kompetanse for å få ERM til å bli noe mer enn bare etterlevelse av lover og regler.
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Lin, Yijia, Richard D. MacMinn, Ruilin Tian, and Jifeng Yu. "Pension Risk Management in the Enterprise Risk Management Framework." Journal of Risk and Insurance 84, S1 (January 24, 2017): 345–65. http://dx.doi.org/10.1111/jori.12196.
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Zhou, Ming Shi. "Algorithm Realization of GUI Visualization Window Based on Numerical Simulation of Matlab." Applied Mechanics and Materials 556-562 (May 2014): 3868–71. http://dx.doi.org/10.4028/www.scientific.net/amm.556-562.3868.
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This paper uses EVA investment objective function and benefits to establish the risk assessment model of enterprise investment and financing combination, and expounds the specific processes of computer EVA investment and financing risk management and designs the elimination matrix algorithm. In order to validate the validity and reliability of risk assessment model designed in this paper, the third part has designed numerical simulation of MATLAB, and an enterprise's 2011-2013 financial statements is took as an example to assess enterprise investment and financing risk. It can find that through calculation, the calculation error can achieve good convergence effects in 20s, and obtain the MATLAB GUI visualization window of enterprise investment and financing EVA accounting. It can identify enterprise year EVA profit value by using visualization window, which provides theoretical reference for enterprises investment and financing risk management.
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Kostarev, D., A. Tevyashev, N. Sizova, and V. Tkachenko. "System analysis of the problem of proactive management of an industrial enterprise." InterConf, no. 36(167) (August 20, 2023): 374–89. http://dx.doi.org/10.51582/interconf.19-20.08.2023.031.
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The results of a system analysis of the problem of proactive management of an industrial enterprise under conditions of risks and uncertainties are presented. It is shown that the main objective of proactive management of an industrial enterprise is to align the development trend of the commodity market with the enterprise's development trend. Mathematical models and methods for forecasting indicators of the state of an industrial enterprise and the commodity market are examined. The concepts of active and passive proactive management of an industrial enterprise are introduced. Proactive risk management of the enterprise is considered. It is demonstrated that Industry 5.0 is a consequence of proactive management by industrial enterprises and a strategic direction for the realization of industrial potential in the post-war period.
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Boyar-Sozonovitch, Andrey S., Alexey Yu Buikin, and Kirill V. Pitelinskiy. "Features of enterprise risk management associated with operational risks." Revista Amazonia Investiga 10, no. 46 (October 25, 2021): 9–19. http://dx.doi.org/10.34069/ai/2021.46.10.1.
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Purpose of the work: within the framework of the concept of corporate risk management Enterprise Risk Management (ERM) to study the basic types of risks, assess their role in the modern economy, analyze external and internal operational risks and propose approaches to their quantitative assessment. As a research methodology, it is proposed to use the developed tools of mathematical and numerical modeling, which allows one to obtain, in the key of interest to the decision maker, qualitative and quantitative characteristics of the dynamics of business processes. The operational and economic risks (as very often occurring in the activities of subjects of economic relations) and directly affecting their economic and information security are considered in sufficient detail. It is noted that the risks associated with disruption of business continuity (which enterprises face in their activities) can be included in various classification systems of risks, grouped according to various criteria. The need to identify the mismatch between the design and actual metrics of the organizational structure (establishment of its structure and operating schemes based on the needs of the enterprise/organization) is indicated for solving the optimization problem.
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Jia, Dian, and Zhaoyang Wu. "Application of Machine Learning in Enterprise Risk Management." Security and Communication Networks 2022 (June 1, 2022): 1–12. http://dx.doi.org/10.1155/2022/4323150.
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With the development of China’s economic globalization, more and more enterprises have realized the importance of risk management. As a new technology, machine learning has injected new vitality into enterprise risk management. This paper analyzes the factors of enterprise risk from the perspective of risk management, explores and analyzes the application of machine learning in enterprise risk management, and points out the direction for scientific enterprise risk management. This paper first establishes a set of credit evaluation factors and then builds a model based on this evaluation factor set, which ensures the accuracy of the evaluation and also adds pertinence. With the increase of the number of samples, the accuracy of the prediction results also increases. Also, basically, with the increase of training samples and realistic samples, the accuracy rate continues to increase. In the data of the experimental results, it is shown in the process of increasing the number of samples from 400 to 600. The accuracy of the traditional method is 0.81 and 0.8316, respectively. The accuracy of the improved method is 0.842 and 0.905, respectively. This paper studies the process of enterprise risk assessment from the perspective of risk management and attempts to build an enterprise risk management model based on industry risk coefficients, which have certain practical significance.