scholarly journals Bankruptcy Prevention Strategies in the Context of Risk Management

2021 ◽  
Vol 1 (47) ◽  
pp. 91-97
Author(s):  
O. Y. Sova ◽  
◽  
Y. Y. Morozov ◽  
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
International Standards ◽  
Enterprise Management ◽  
Economic Activities ◽  
Business Units ◽  
Risk Management Process ◽  
Risk Management Strategies ◽  
Business Entities ◽  
The Impact

The article aims at summarizing the existing risk management strategies helping to prevent bankruptcy and liquidation of enterprises, taking into account modern environmental challenges and the impact of the COVID-19 pandemic on the performance of business units. As a result of the study, tactical and strategic methods of risk management were identified. The components of the risk management process are identified in accordance with international standards. The main types of enterprise management strategies in crisis situations are described, highlighting the ERM approach, together with its main differences and advantages for its use at enterprises. Statistical data on the number of business entities in Ukraine and the number of bankruptcy proceedings in 2016-2020 are analyzed. It is emphasized that the goals and main tasks of the state policy of the Ministry of Justice of Ukraine for 2021-2023 include the introduction of transparent bankruptcy procedures, which will quickly restore the debtor's solvency or fairly distribute the bankrupt's assets among creditors. Changes to the procedure for initiating bankruptcy proceedings of a legal entity, defined by the Bankruptcy Procedure Code of Ukraine, are suggested. Threats to businesses engaged in foreign economic transactions are presented based on an overall assessment of the global impact of risk scenarios on business (GBI). It is proven that the rationalization of strategic planning instruments and the implementation of a systemic approach to the crisis management of an entity, in general, and its financial and economic activities, in particular, influence greatly the effectiveness of restoring the financial solvency of that entity in a crisis situation. Determining the effectiveness of state support programs for carrying out business activity in the pandemic, and assessing the medium-term effectiveness of measures taken by government agencies make up the directions for further research.

scholarly journals Risk Management in Agricultural Holdings in Bulgaria

2021 ◽  
Vol 27 (3) ◽  
pp. 70-83
Keyword(s):  
Risk Management ◽  
Agricultural Sector ◽  
Management Strategies ◽  
Integrated Approach ◽  
Methodological Framework ◽  
Economic Activities ◽  
Risk Management Process ◽  
Risk Management Strategies ◽  
Process Risk ◽  
The Government

The developing uncertainties, risks and crises related to the natural environment, technology, economic and political environment, as well as globalization, still pose a challenge to addressing risk management in the agricultural sector in Bulgaria. The purpose of the article is to make an analysis of risk management in agricultural holdings and, on this basis, to identify generalized conclusions and suggestions for improving the process. Risk management often depends on the economic activities and internal attitudes of farm managers. The methodological framework of the study includes: 1) Theoretical review of risk management in the agricultural sector, identifying the sources of uncertainty and risk, the ability of farmers to use different risk management strategies, as well as the dependence of risk management on the perceptions of farmers and the measures taken by the government; 2) Methodological framework of the study of risk management in agricultural holdings; 3) Recommendations for improving the risk management process. The analyses in the article present the results of university project NI 16/2018 Integrated approach to risk management in the agricultural sector.

scholarly journals The December 2004-January 2005 floods in the Garden Route region of the Southern Cape, South Africa

2009 ◽  
Vol 2 (2) ◽  
Author(s):  
Johan Tempelhoff ◽  
Dewald Van Niekerk ◽  
Elize Van Eeden ◽  
Ina Gouws ◽  
Karin Botha ◽  
...  
Keyword(s):  
South Africa ◽  
Risk Management ◽  
Local Development ◽  
Management Strategies ◽  
Early Warning Systems ◽  
Disaster Risk ◽  
Disaster Risk Management ◽  
Economic Activities ◽  
Risk Management Strategies ◽  
Infrastructure Maintenance

The December 2004-January 2005 floods in the Garden Route region of the Southern Cape in South Africa have had a significant impact on local development and economic activities, tourism products andlocal institutions. This article aims to capture the dynamism between a number of related fields within the context of transdisciplinary research. Qualitative research methods were used to target a representative sample of the affected population. This article considers the history of the flooding events of December 2004/January 2005 along the Garden Route, as well as the manner in which emergency/disaster management personnel responded to the crisis. The effect of the floods on the tourism sector along the Garden Route was researched in general and the effects of the floods on tourists, local residents, and particularly communities in disadvantaged areas were specifically determined. The research reflects on the disaster risk management strategies that were in place at the time of the floods to determine what local authorities could have done to cope with the potential conditions of crisis. The research found that although some tourism products were severely affected, the 2004/2005 floods did not have a significant impact on the number of tourists frequenting the area. In terms of disaster risk management, concerns remain regarding the lack of the following factors: capacity, adequate early warning systems, proper infrastructure maintenance, local institutions, and an in-depth understanding of the disaster risk profile of the area.

The Shades of Grey of Cyberbullying in Australian Schools

2011 ◽  
Vol 55 (2) ◽  
pp. 176-181
Author(s):  
Wendy Goff
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
The Internet ◽  
Duty Of Care ◽  
Current Form ◽  
Risk Management Strategies ◽  
Use Of The Internet ◽  
The Impact

This article explores the effects of cyberbullying in relation to a school's duty of care. By examining the impact of cyberbullying through an increasingly common scenario, it becomes apparent that the strategies for Australian schools in maintaining their duty of care may be unclear and uncommunicated. Findings suggest that Australian law in its current form has failed to keep up with the advances in technology and does not effectively deal with the problems surrounding cyberbullying, both within society and within our schools. Such findings suggest that this lack of direction within Australia could be potentially detrimental to the perceptions of the value and use of the internet both within Australian schools and within Australian households, and support the need for global unity in the development of risk management strategies to deal with this growing phenomenon.

scholarly journals Perceptions of wheat producers towards risk and risk management strategies: A case study from Turkey

2019 ◽  
Vol 49 (12) ◽  
Author(s):  
Seyit Hayran
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
Policy Instruments ◽  
Data Set ◽  
Wheat Market ◽  
Risk Management Strategies ◽  
Risk Sources ◽  
The Government ◽  
The Impact

ABSTRACT: In this study, risk perception of wheat producers in Turkey was examined based on a case study conducted in Bitlis Province. The data set used in the study was obtained from 157 farmers randomly. Factor analysis was employed to classify risk sources and management strategies, and then multiple regression was used to investigate the relationship between farmers perceptions and some characteristic. Results of this study have shown that economic-based risks were perceived more strongly by farmers. Farmers’ also used more than one risk management strategy to minimize the impact of the risks they face. So, in order to ensure social and economic sustainability and predictability in wheat production and wheat market, the government should be considered preventive policy instruments and interventions to prevent fluctuations in input and output prices.

DEVELOPMENT OF CONCEPTUAL BASIS OF RISK MANAGEMENT IN THE OCCUPATIONAL HEALTH AND SAFETY

2020 ◽  
pp. 101-110
Author(s):  
Аndrii Bochkovskyi ◽  
Keyword(s):  
Risk Management ◽  
Occupational Health ◽  
Negative Impact ◽  
Practical Importance ◽  
Health And Safety ◽  
Occupational Health And Safety ◽  
International Standards ◽  
Theoretical Understanding ◽  
Risk Management Process ◽  
The Impact

Purpose. Improve existing theoretical understanding of the mechanisms of risks occurrence and their minimization in the occupational health and safety. Method. The following research methods were used in the work: analysis of scientific and technical literature and international standards for risk management in the occupational health and safety – to improve the set of basic terms and concepts, as well as the risks classification; general logical methods – to establish and substantiate the mechanisms of risks occurrence to life and health of the employee in the “man – machine – environment” systems and the principles of their minimization. Results. The basic concepts and terms for objective and comprehensive implementation of the risk management process in accordance with the purpose and tasks of the functioning of occupational health and safety management systems at enterprises were substantiated and proposed for application. The factors impacting on the level of residual risk of occupational dangers occurrence, as well as the theoretical possibilities of achieving the minimum possible level of its values ​​within the functioning of “man – machine – environment” systems were determined and substantiated. The main factors that have a negative impact on the state of functioning of “man – machine – environment” systems and their nature were described. Mechanisms of the occurrence and minimization of risks to the life and health of the employee in these systems were established and substantiated, resulting in improving the principles of their management. Scientific novelty. The principles of risk management in the occupational health and safety, which were needed to identify and eliminate vulnerabilities (within the implementation of the Schuhart-Deming cycle), which are always formed during employee interaction with elements of “man – machine – environment” system under the impact of stochastic and non-stochastic negative factors were improved. Practical importance. The results of the research can be used to improve the international regulatory framework for risk management in the occupational health and safety, in particular the standards of the series ONSAS, ILO-OSH, ISO and others.

Service Risk Management in Emerging Economies

2017 ◽  
pp. 90-115
Author(s):  
Yilmaz Akgunduz
Keyword(s):  
Risk Management ◽  
Emerging Economies ◽  
Management Strategies ◽  
Economic Structure ◽  
Management Process ◽  
Negative Effects ◽  
Developed Economies ◽  
Risk Management Process ◽  
Risk Management Strategies

The economies of countries face various risks depending on the environmental conditions. While some of these risks do not pose very serious negative effects on developed economies, they may be destructive on non-developed, underdeveloped or emerging economies. Risk management is accepted as a process for all economies. The risk management process starts with the determination of the risks, and goes on with the assessments of the risks, the determination of various strategies that may respond to the risks; and the application of the most suitable one from among these strategies. In risk management, in order to respond to the risk, emerging economies may select one of the methods like tolerating the risk (accepting it), managing it, transferring, eliminating or making use of its opportunities. In this chapter, the risk management strategies have been explained, examples are given from Turkey, which is has many characteristics of an emerging economic structure.

scholarly journals Bio-economic modelling of decisions under yield and price risk for suckler cow farms

2015 ◽  
Vol 55 (1) ◽  
pp. 64 ◽  
Author(s):  
Simon Briner ◽  
Niklaus Lehmann ◽  
Robert Finger
Keyword(s):  
Risk Management ◽  
Management Strategies ◽  
Economic Modelling ◽  
Gross Margin ◽  
Farm Model ◽  
Weather Risk ◽  
Risk Management Strategies ◽  
Margin Insurance ◽  
On Farm ◽  
The Impact

Applying a bio-economic whole-farm model, we assess the impact of price and weather risk as well as different risk-management strategies on the variability of the gross margin in Swiss suckler cow production. For instance, flexible adjustment of fodder composition, feed stocks, or land use as well as gross margin insurance are considered. Our results show that assuming moderate risk aversion farms’ gross margin variability is rather high, with a coefficient of variation of gross margin ranging from 19 to 21%. Accounting for on-farm risk-management strategies we find that gross margin variability can be reduced significantly, causing only low reductions of average gross margin levels. We find that the use of maize as a switch crop and a market for the trade of roughage are the most efficient risk-management strategies. Our results also indicate that gross margin insurance is not attractive for farmers. Thus in particular promoting better access to markets for feedstuffs provides a valuable opportunity for farmers to manage gross margin risks.

scholarly journals Proposed Model of Business Retail Continuity Process during Pandemic Covid-19 Based on Risk identification and Response

2021 ◽  
Vol 6 (2) ◽  
pp. 238-262
Keyword(s):  
Risk Management ◽  
Practical Implication ◽  
Management Strategies ◽  
Risk Identification ◽  
Business Continuity ◽  
Retail Industry ◽  
Competitive Strategies ◽  
Retail Business ◽  
Risk Management Strategies ◽  
The Impact

Recognizing competitive strategies, the retail industry must anticipate business risks. Business risk is related to managerial risk, and it depends on its ability to adapt its policies to unforeseen events and changes. Currently, the whole world is facing the Covid-19 outbreak. In facing the challenges and risks from Covid-19, retail businesses must manage and respond to these risks so that their business can recover and business continuity is realized. This study seeks to identify the risks experienced by retail businesses in Indonesia during the COVID-19 pandemic and what risk management strategies are appropriate for business continuity and retail business recovery. Previous studies have explained the impact of Covid-19 on the retail industry. However, there is still a lack of research that tries to identify the risks and how to overcome them. This research will try to fill that gap. Semi-systematic or narrative review techniques were conducted in this study. The study’s result is a framework related to risk management in retail industries. This study contributes to knowledge and practical implication regarding the risk that the retail industry is experiencing during the COVID-19 pandemic.

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