O120 MANAGEMENT IN SURROGACY PREGNANCY - RISK MANAGEMENT POINT OF VIEW

2012 ◽  
Vol 119 ◽  
pp. S302-S302
Author(s):  
C. Burrell
Keyword(s):  
Risk Management ◽  
Point Of View ◽  
Pregnancy Risk

Organizational Culture in the Focus of Improving Risk Management in the Enterprise

2020 ◽  
Vol 17 (4) ◽  
pp. 86-95
Author(s):  
R. M. Kachalov ◽  
Yu. A. Sleptsova
Keyword(s):  
Risk Management ◽  
Organizational Culture ◽  
Point Of View ◽  
Economic Risk ◽  
Management Activity ◽  
Economic Agents ◽  
Cultural Aspects ◽  
Industrial Enterprises ◽  
Operational Theory ◽  
Stable Forms

The article considers the manifestations of the phenomenon of economic risk in the socioeconomic ecosystems of industrial enterprises, examines and differentiates the pragmatic and cultural aspects of the concept of "economic risk management". In terms of methodology, the study is based on the operational theory of risk management, and also uses tools to describe the organizational culture of risk management. Pragmatic and cultural differences in the characteristics of economic risk are identified at the level of stable forms of management activity with the involvement of the main provisions of the operational theory of risk management. The phenomenon of risk is considered in the ontological space as an artificial category of activity of industrial enterprises and other economic agents that form a socio-economic ecosystem. This phenomenon is studied as a specific form of social communication associated with the desire to assess the uncertain future in the present time, mainly from the point of view of analysis and management of the level of economic risk in the enterprise.

Risk management and healthcare safety: Ten years of experience at the Vienna General Hospital

2018 ◽  
Vol 23 (6) ◽  
pp. 265-268 ◽  
Author(s):  
Leopold-Michael Marzi
Keyword(s):  
Risk Management ◽  
General Hospital ◽  
Health Professionals ◽  
Point Of View ◽  
Positive Trend ◽  
The People ◽  
Insurance Group ◽  
Vienna General Hospital ◽  
Family Contact ◽  
Preceding Communication

We should use the word “Health Care Safety” instead of “Patient Safety,” because in cases of malpractice the people who are in charge of treatment of patients can be “second victims.” The typical damage case occurs to an above-average employee in a risk-prone discipline after working in the job for 20 years often between Friday afternoon and Sunday more often in the months of January, March or July due to a preceding communication error and a missing assertiveness of a person who is involved in the case. Very often, health professionals do not know how to react in case of malpractice or emergency from a legal point of view. The patient or his family contact a lawyer immediately, but who helps the health professionals to cope with the case? The Vienna General Hospital (VGH) is one of the biggest in the world. In 1999, the project “Risk Management” was initiated by the Legal Department. The aim at this time was: “Minus 50% concerning cases and more than 50% less costs in the next ten years (2000–2010).” In 2010, the aim was reached and the positive trend is still continuing, but how did it work? The VGH in cooperation with the Vienna Insurance Group created a complete new form of quick help in case of emergency: the so-called “Legal Emergency Kit.” It represents a handy plastic case on which a paragraph is stamped. A special checklist tells what to do in case of legal emergency. The legal practitioner of the VGH can be called at any time via mobile phone. The malpractice cases are analysed in a retrospective damage analysis, which helps to avoid errors and damages in the future.

scholarly journals RISK MANAGEMENT IN CUSTOMS CONTROL

2021 ◽  
Author(s):  
Anastasiia Artomova
Keyword(s):  
Risk Management ◽  
Management System ◽  
Point Of View ◽  
Main Task ◽  
Risk Management System ◽  
Management Processes ◽  
Risk Management Process ◽  
Structured System ◽  
Risk Zones ◽  
Systematic Identification

The article discusses the features of implementation a risk management system in the framework of customs control. The relevance of the problems under consideration is due to the fact that the activities of customs authorities in practice, like no other area, are directly related to various risk zones. The main task of the customs authorities is very closely intertwined with the goals of risk management. This is a systematic identification and, most importantly, prevention and leveling of risks and threats arising in various fields of activity at any stage of crossing the customs border. Customs activity in the risk management system is not only a process of identifying risks, but also a way of thinking, without which the customs authorities may not react to various situations and provide for the necessary initiatives, and this process is usually called “risk analysis”. Of particular interest in this vein is the construction of a structured system by the risk management process. This is due to the need for a clear passage of all stages of customs control of goods when crossing the customs border while meeting all standards. The unification of such a process is necessary. Clarifies the concept of risk management in relation to the customs control system from an operational and practical point of view. The article considers such elements of the risk management system as: statistics, implementation of the risk management system in various countries, the advantages of customs risk management, the process of risk management in customs control. Particular attention is paid to the benefits of customs risk management. The elements of the risk management system are highlighted; the effectiveness of risk management in customs control is assessed. Analyzed the problems of the risk management system in customs control. Particular attention is paid to the advantages of customs risk management, which are classified according to the following criteria: achievement of the organization’s goals; improved management processes; improved public and business profile. Proposals for improving the risk management system in customs control are presented.

An Introduction of Drilling Data Space

2021 ◽  
Author(s):  
Ioan-Alexandru Merciu ◽  
Halvor Kjørholt
Keyword(s):  
Risk Management ◽  
Scale Up ◽  
Point Of View ◽  
Virtual Space ◽  
Multidisciplinary Teams ◽  
Data Space ◽  
Drilling Data ◽  
Other Information ◽  
Well Trajectory ◽  
Past Experiences

Abstract Traditional well planning and drilling risk management requires revisiting past experiences for a given drilling volume and it is expected that new well project evaluation requires multidisciplinary teams and plurality of data usage and access. To date, there is little integration of drilling data and mud logs into decisional data space used for well planning. Integration of drilling data and mud logs into models used for well planning allows for the data to be analyzed and used for evaluation in order to answer questions such as: will we encounter stringers? What is the expected ROP during the project? How can I de- risk the project in planning phase? We have developed a methodology to allow well planning and associated subsurface models to be created in geo-referenced drilling data space. At the heart, the method requires to build the static subsurface model using historical well trajectory, drilling data and mud log data. From this point of view the subsurface mathematical data space becomes pure drilling space where first the drilling data will populate the virtual space coordinates, allowing all otherwise standard 3D interpolation and intersect techniques to be used. Our approach provides flexibility and completeness for the data distribution as all the wells have past recorded drilling data while other sources of data may be very sparse such in the case of petrophysical or seismic data. We have tested this approach on data from one field and the methodology is robust for using historical data to populate the model and plan new wells. Using driller definitions, we have built an expedite method to detect stringers and match the new observations with sub-seismic events and petrophysical evaluations. The potential application of this method beyond what we have tested is the possibility for scale up and perform rapid comparative exercise with other information and data sets. Sources of uncertainty and possible propagation of such through drilling data space is briefly introduced. Having a historical database of drilling data in geo-referenced space gives confidence to well planning, helps the drilling team to get updated drilling information and perform risk management prior to drilling.

THE RESPONSIBILITY FOR RISK MANAGEMENT IN THE SLOVAK SMEs FROM THE POINT OF VIEW OF THE HUMAN RESOURCES IN THE PERIOD OF QUALITATIVE ECONOMIC CHANGES

2020 ◽  
Vol Vol. 36 (No. 2) ◽  
pp. 71-77
Author(s):  
Katarina Haviernikova ◽  
Janka Betakova
Keyword(s):  
Risk Management ◽  
Negative Impact ◽  
Fundamental Problem ◽  
Developed Countries ◽  
Point Of View ◽  
Economic Environment ◽  
Negative Effects ◽  
Chi Square ◽  
Size Category ◽  
Wide Range

Small and medium-sized enterprises (SMEs) in developed countries represent an important part of their economic environment. They belong to accelerators of economic development in regions and countries. One of the specifications of SMEs is that they allow people to learn to use their own entrepreneurial skills. Thus, the success of SMEs depends on the skills of the person who is responsible for business management in the enterprise. Without skilled and competent managers no activity will be performed effectively. The development and changes in the economic environment, in which SMEs operate, cause the various reversals connected with uncertainty and the resulting risks. A competent person (owner/manager) in SME will need to anticipate these risks and develop appropriate mitigation and strategies for them. The owner/manager of SME should consider the fact, that there could be deviations in the realization process against the planned goal. This deviation presents the risk and the representative of SME should know, how it is possible to manage this risk. It means to reduce its negative impact. The lack of knowledge is a fundamental problem in the failure of most initiatives in the SMEs and the lack of experience can become a major risk to business survival. The goal of owners/managers in SMEs should be to reduce the possible errors and risks in that way that the SME gets into a situation in which it can anticipate changes, and it is able to respond to them and exploit them to their advantage. Each SME is unique and the risk may occur differently in comparison with other SMEs. Risk management and mitigation of risk are important to ensure the security of the company and its continuous development. The risk management in SMEs is perceived as a means of the improvement of SMEs’ success in their activities, due to the fact, that in most cases the unpredictable situations represent a serious loss-making exposure for the SMEs business sector which leads to the loss. For those SMEs whose capital base is insufficient, they can have catastrophic consequences in the case of realized activities, and they can lead to financial losses and subsequently to possible bankruptcy. For this reason, risk management is a prerequisite for minimization of the negative effects of unexpected situations. Still, a lot of SMEs rarely carry out process-related activities risk management. It is affected by limited resources (financial, human), which SMEs have, and which process risk management. There is a wide range of studies focused on risk management in SMEs, but only several of them are focused currently on the responsibility for risk management. This paper contributes to the dissemination of knowledge about the responsibility for risk management in SMEs and provides wider analysis in ways of responsibility for it. To reach the main of the paper, questionnaire surveys among 1018 Slovak SMEs were conducted. We compared the responsibility for risk management in SMEs between two groups of SMEs – technological and tourism from the point of view of sized category, and regional of SMEs. For the evaluation of differences and dependencies among three groups of respondents’ answers, according to their size category, economic branch in which they operate, and regional location, the Chi-square test was used. The associations among respondents’ answers were evaluated through Cramer’s V. The results showed the differences in responsibility for risk management among Slovak SMEs. The results of this study may provide implications for subsequent research focused on responsibility for risk management in the wider context.

Development of an ASME PRA Standard for Non-LWRs

2008 ◽  
Author(s):  
Karl N. Fleming ◽  
Lemmer Lusse ◽  
Bob Budnitz ◽  
Nathan Siu ◽  
Grant Tinsley
Keyword(s):  
Risk Management ◽  
Working Group ◽  
Point Of View ◽  
Significant Progress ◽  
Design Decisions

The ASME Committee on Nuclear Risk Management (CNRM) has established a working group to pursue the development of a PRA standard that can be used for advanced non-LWR plants. The applications of such PRAs include the performance of PRAs to support licensing and design decisions, and to meet NRC requirements for Design Certifications and Construction and Operating Licenses. The purpose of this paper is to summarize the significant progress that has been made to date in developing a new PRA standard for non-LWRs from the personal point of view of the working group chairman.

scholarly journals Compliance Risk Management in Polish and German Companies

2019 ◽  
Vol 11 (4) ◽  
pp. 115-145
Author(s):  
Monika Gorgoń ◽  
Konrad Raczkowski ◽  
Felix Kraft
Keyword(s):  
Risk Management ◽  
Cultural Diversity ◽  
Management System ◽  
Value Added ◽  
Point Of View ◽  
Cultural Dimensions ◽  
Compliance Management ◽  
Management Culture ◽  
Legal Standards ◽  
The Impact

Abstract Objective: This article focuses on the analysis of cultural similarities and differences important in terms of the compliance risk management in Polish and German enterprises, with the deliberate omission of Hofstede’s four cultural dimensions, in favour of the modified E. Schein’s model. This article explains the basic concept of risk management culture, the compliance risk and the essence of the compliance management system in Poland and Germany as well as the impact of cultural factors of each of the analysed countries on the development of compliance. The research objective of this paper is to present a comparative analysis of the examined countries, through the analysis of compliance management systems, as an indispensable element of risk management in an organisation, both in practical and formal terms. Methodology: This research is based on a critical review of the source literature and inference with assigned classical and fuzzy logic values as part of the culture description and risk management. Findings: The initial hypothesis is that the compliance risk management in companies in Poland and Germany has common and standardised features of the Community legal standards, which can be differently displayed from the declarative and actual point of view in Germany, due to an increase in internationalisation and intercultural relations. Value Added: This article presents the theoretical significance and functions of compliance risk management based on an analysis of applicable compliance systems and cultural systems in Poland and in Germany. Recommendations: The compliance risk management system is an essential risk management mechanism in organisations, both in formal and practical terms. It should take into account both the cultural diversity of the regions in Germany and the high cultural and ethnic homogeneity of enterprises in Poland – open, however, to cultural diversity.

scholarly journals The Management of Tax Risks in Mergers and Acquisitions - The Importance of Tax Due Diligence

2021 ◽  
Author(s):  
Arnaldo Marques de Oliveira Neto
Keyword(s):  
Risk Management ◽  
Mergers And Acquisitions ◽  
Merger And Acquisition ◽  
Point Of View ◽  
Exploratory Research ◽  
Due Diligence ◽  
Good Corporate Governance ◽  
Governance Practices ◽  
Target Company ◽  
Acquisition Processes

The purpose of this chapter is to demonstrate the importance of tax risk management in mergers and acquisitions processes by conducting an investigative work called due diligence. To achieve this objective, bibliographic and documentary research was used, as part of exploratory research. In topic 1 it is evidenced that the complexity of tax systems around the world has demanded increasing attention from companies to avoid undesirable cash disbursements for payment of infringement notices arising from questioning by tax authorities related to improper procedures of companies when paying taxes. Additionally, it has required them to be diligent in identifying lawful tax planning alternatives to optimize the tax burden on their operations. In topic 2 the responsibility of company administrators in the management of tax risks is exposed. Topic 3 explains the importance of accounting, tax and legal due diligence in merger and acquisition processes. Finally, topic 4 analyzes the main aspects of due diligence in the tax area. In view of all the exposed in this chapter, it will remain clear to readers the importance of the tax due diligence of the target company, as a way to minimize risks in the decision-making process of the managers of the purchasing company that may compromise the success of the merger and acquisition operation, as well as not subjecting them to administrative and judicial suits, for non-compliance with their fiduciary duties of diligence and loyalty in relation to the company of which they are executives. Additionally, the study’s results suggest that companies—in compliance with the guidelines and limits set by the board—choose the appropriate and specific techniques of risk management, especially those related to minimization, immunization, and transferring these risks. The recommendations derive from the need to identify and manage tax risks, from the point of view of good corporate governance practices. This study may serve as a reference to companies in general, when studying, developing, and implementing recommendations for the identification and minimization of tax risks, as well as in the development of a work program that allows them to conduct due diligence work in target companies.

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