Financial Management and Risk Analysis Strategies for Business Sustainability

2021 ◽  
Keyword(s):  
Risk Analysis ◽  
Financial Management ◽  
Business Sustainability ◽  
Analysis Strategies

scholarly journals Pelatihan Manajemen Keuangan bagi UMKM "Kelompok Binaan Handayani Catering" di Tengah Covid 19

2021 ◽  
Vol 4 (1) ◽  
pp. 60
Author(s):  
Ahmad Rudi Yulianto ◽  
Wahyu Setiawan
Keyword(s):  
Capacity Building ◽  
Community Service ◽  
Cash Flow ◽  
Financial Management ◽  
Financial Risk ◽  
Food Sector ◽  
Financial Reports ◽  
Business Sustainability ◽  
Building Activities ◽  
Financial Aspect

MSMEs are an economic driving sector that can contribute greatly to the Indonesian economy. One of the weaknesses of MSMEs is that they still lack knowledge and understanding of financial management, especially when coupled with the Covid-19 epidemic, MSMEs are experiencing various problems, so there needs to be strengthening of MSMEs through various skills so that MSMEs can survive during pandemics and post-pandemics. One of the business groups that is quite affected by Covid-19, is MSMEs engaged in the culinary or food sector, which are indicated to still have weaknesses in the financial aspect. Our MSME partners in community service are handayani catering assisted groups. The PKM team makes efforts to assist the assisted catering groups through mentoring, empowerment and capacity building activities in financial management, starting with providing financial records and bookkeeping as well as various ways to mitigate financial risk. The result of this activity was that the participants began to prepare financial reports and began to implement financial management, especially cash flow, which was previously less of a concern. Participants were greatly helped by the preparation of financial reports as an indicator of business sustainability and health.

scholarly journals Development of sustainable SMEs: conceptualized criteria for measuring the sustainability of youth-owned small retail businesses in selected rural areas of South Africa

2020 ◽  
Vol 18 (1) ◽  
pp. 40-52
Author(s):  
Simbarashe Kativhu ◽  
Marizvikuru Mwale ◽  
Joseph Francis
Keyword(s):  
Rural Areas ◽  
Financial Management ◽  
Quantitative Methods ◽  
Principal Component ◽  
Building Blocks ◽  
Structured Interview ◽  
Cluster Sampling ◽  
Business Sustainability ◽  
Retail Business ◽  
Sampling Procedures

High failure rates among youth-owned small retail businesses has prompted the need for strengthening sustainability in the sector. The current paper sought to establish a framework for use in determining youth-owned small retail business sustainability. An exploratory mixed study approach was followed (qualitative and quantitative methods). Snowball and cluster sampling procedures were utilized to select respondents. Data were collected using semi-structured interview guides and close ended questionnaires. Qualitative data was analyzed using the Atlas.ti version 7 software network techniques, while the IBM SPSS version 25 techniques were utilized to generate quantitative results. Principal component analysis outcomes reflected that the framework for measuring youth-owned small retail business sustainability comprises 6 major components. The components included security measures (18.01%), outsourcing abilities (13.70%), marketing strategies (10.07%), risk management (8.54%), financial management (8.43%) and innovation (7.89%). The six pillars of the criteria were utilized to further develop time specific indices that were expressed in the following formula: R1 = ƒ (SM1, OA1, MS1, RM1, FM1, I1, S1) + e. Based on this formula, the sustainability of youth-owned small retail businesses can be assessed based on the six pillars on the right side of the equation and other subjective attributes at a particular time. The current study provided a framework that can be used by managers and practitioners to determine key sustainability building blocks of youth-owned small retail business at a particular time and track how they change over time.

MEASURES TO COMPLETE THE BASIC TASKS OF THE SKIN-VENEROLOGICAL DISPENSER AND RESULTS OF THE POSSIBLE RISK ANALYSIS TO IMPROVE EFFICIENCY AND EFFICIENCY OF EFFECTIVENESS

2019 ◽  
pp. 91-99
Author(s):  
V. M. Mykhalchuk ◽  
Z. V. Gbur ◽  
O. K. Tolstanov ◽  
K. V. Shchyrina
Keyword(s):  
Health Care ◽  
Labor Market ◽  
Risk Analysis ◽  
Organizational Structure ◽  
Health Care System ◽  
Financial Management ◽  
Scientific Article ◽  
State Of Health ◽  
System Planning ◽  
Current State

In the scientific article the directions of activity of modern skin and venereological dispensary are described. Measures to improve the work of the institution are proposed: optimization of the number of staff; making changes to the organizational structure in accordance with the new financing and management system; planning, organizing and controlling the activities of the institution within the functions of financial management. The priority measures of reforming the activity of the skin and venereological dispensary were singled out, taking into account the current state of development of the health care system. The main methods of realization of tasks of skin and venereological institutions are given and characterized are administrative, legal, economic, social and motivational. A number of external risks have been identified that could adversely affect the activities of the skin and venereological dispensary, namely: risks related to the situation on the labor market, in particular; risks related to the current state of health care, in particular; risks associated with the medical and demographic crisis in Ukraine.

scholarly journals Evaluating the Impact Of Foreign Exchange Rate Risk On The Capital Budgeting For Multinational Firms

2011 ◽  
Vol 7 (8) ◽  
Author(s):  
Carl B. McGowan, Jr.
Keyword(s):  
Exchange Rate ◽  
Risk Analysis ◽  
Foreign Exchange ◽  
Financial Management ◽  
Small Firms ◽  
Capital Budgeting ◽  
Foreign Exchange Rate ◽  
Theory And Practice ◽  
Large Firms ◽  
The Impact

Capital budgeting analysis has evolved to the point where large firms universally use sophisticated capital budgeting techniques.[1] However, small firms are less likely to use sophisticated capital budgeting techniques.[2] Even large firms do not generally use simulation for risk analysis in multinational project capital budgeting analysis.[3] This paper provides a discussion and example of the use of simulation in evaluating the impact of foreign exchange rate volatility on multinational project capital budgeting analysis.[1] Bierman, Harold, Jr. Capital Budgeting in 1991: A Survey, Financial Management, Autumn 1993, pp. 21-29.[2] See, for example, Block, Stanley. Integrating Traditional Capital Budgeting Concepts into an International Decision-Making Environment, The Engineering Economist, 45(4), 2000, pp. 309-325 or Graham, John R. and Campbell R. Harvey. The Theory and Practice of Corporate Finance: Evidence from the Field, Journal of Financial Economics, 60, 2001, pp. 187-243.[3] See, for example, Farragher, Edward, Robert Kleiman, and Anandi, Sahu. The Association Between the Use of Sophisticated Capital Budgeting Practices and Corporate Performance, The Engineering Economist, 46(4), 2001, pp. 300-31, Ho, Simon S. M. and Richard H. Pike. Risk Analysis in Capital Budgeting Contexts: Simple or Sophisticated?, Accounting and Business Research, 21(83), 1991, pp. 227-238, Klammer, T. Empirical Evidence of the Adoption of Sophisticated Capital Budgeting Techniques, The Journal of Business, July 1972, pp. 387-397, and Klammer, T., B. Koch, and N. Wilner. Post-auditing Capital Assets and Firm Performance: An Empirical Investigation, Managerial and Decisions Economics, (12), 1991, pp. 317-327.

scholarly journals The Perspective of E-Business Sustainability and Website Accessibility of Online Stores

2020 ◽  
Vol 12 (22) ◽  
pp. 9780
Author(s):  
Carmen Adina Paștiu ◽  
Ionica Oncioiu ◽  
Daniel Adrian Gârdan ◽  
Silvia Ștefania Maican ◽  
Iuliana Petronela Gârdan ◽  
...  
Keyword(s):  
Financial Management ◽  
Structural Model ◽  
Sustainable Consumption ◽  
Site Quality ◽  
New Paradigm ◽  
Business Sustainability ◽  
Online Databases ◽  
Attitudes And Perceptions ◽  
Site Design ◽  
Online Stores

E-commerce’s latest trends, highlighted by the global phenomena of the COVID-19 pandemic, explicitly show substantial changes in the online consumers’ behavior as well. More and more specialists are talking about the emergence of a new paradigm in consumption, and of possible evolutions toward sustainable consumption. The purpose of this research is to investigate how the antecedents of e-loyalty have changed their effect on consumer attitudes and perceptions of e-commerce sites. The results, obtained through a structural model of 523 validated questionnaires of Romanian consumers of electronic and household appliances, show the importance of the effect of website accessibility, a factor that, until recently, exerted an influence mediated by other elements grouped either under the umbrella of site quality or site design. The model validated after the analysis shows the direct effect of the accessibility of the websites on e-loyalty, satisfaction and trust of the consumers. Based on the results, the value of this study lies in the fact that it presents arguments on how the boost of e-commerce systems leads to sales processes’ sustainability improvement and, to the same extent, the improvement of the ways for reporting sustainability using IT tools (online databases with customers, software integrated into e-commerce platforms, electronic financial management).

Traceability and Risk Analysis Strategies for Addressing Counterfeit Electronics in Supply Chains for Complex Systems

Risk Analysis ◽  
2016 ◽  
Vol 36 (10) ◽  
pp. 1834-1843 ◽  
Author(s):  
Daniel DiMase ◽  
Zachary A. Collier ◽  
Jinae Carlson ◽  
Robin B. Gray ◽  
Igor Linkov
Keyword(s):  
Risk Analysis ◽  
Complex Systems ◽  
Supply Chains ◽  
Analysis Strategies

MEASURES TO COMPLETE THE BASIC TASKS OF THE SKIN-VENEROLOGICAL DISPENSER AND RESULTS OF THE POSSIBLE RISK ANALYSIS TO IMPROVE EFFICIENCY AND EFFICIENCY OF EFFECTIVENESS

2019 ◽  
pp. 91-99
Author(s):  
V. M. Mykhalchuk ◽  
Z. V. Gbur ◽  
O. K. Tolstanov ◽  
K. V. Shchyrina
Keyword(s):  
Health Care ◽  
Labor Market ◽  
Risk Analysis ◽  
Organizational Structure ◽  
Health Care System ◽  
Financial Management ◽  
Scientific Article ◽  
State Of Health ◽  
System Planning ◽  
Current State

In the scientific article the directions of activity of modern skin and venereological dispensary are described. Measures to improve the work of the institution are proposed: optimization of the number of staff; making changes to the organizational structure in accordance with the new financing and management system; planning, organizing and controlling the activities of the institution within the functions of financial management. The priority measures of reforming the activity of the skin and venereological dispensary were singled out, taking into account the current state of development of the health care system. The main methods of realization of tasks of skin and venereological institutions are given and characterized are administrative, legal, economic, social and motivational. A number of external risks have been identified that could adversely affect the activities of the skin and venereological dispensary, namely: risks related to the situation on the labor market, in particular; risks related to the current state of health care, in particular; risks associated with the medical and demographic crisis in Ukraine.

scholarly journals The business management training needs of South African Biokineticists to ensure business sustainability

2021 ◽  
Vol 33 (1) ◽  
pp. 1-5
Author(s):  
Michael James Lumb ◽  
Karel Marais
Keyword(s):  
South African ◽  
Financial Management ◽  
Business Processes ◽  
Business Management ◽  
Management Training ◽  
Likert Scale ◽  
Training Needs ◽  
Managerial Decision ◽  
Business Sustainability ◽  
Corporate Social

Background: Business management training is essential for success in the modern era. Health and medical professionals are exposed to knowledge that allows them to treat pathologies. However, their training does not prepare them to manage their practices as businesses and in a sustainable, effective, and efficient manner.Objectives: To investigate the business management training needs of registered South African Biokineticists. Methods: A quantitative and descriptive research design was used. Sixty-nine registered Biokineticists answered the emailed survey. The survey was sent out on two separate days, two weeks apart. Participants could only answer the survey once. The survey was sent out by the Biokinetics Association of South Africa (BASA). The sample in this study consisted of both male and female participants who graduated between the years of 1985-2019. The survey consisted of demographic questions about their study methods. It also included a 5-point Likert Scale where a score of 1 indicated an exceptionally low need and a score of 5 indicated a very high need for corresponding business processes. The business processes included accounting, business sustainability, corporate social responsibility, ethics, financial management, human resource management, leadership and managerial decision-making, marketing, operational management, and strategic management. A final open-ended question on what other business management training the participant needed was asked at the end of the survey. Results: Combined high to very high needs (X≥4 on the Likert Scale) for the business management processes explored were: accounting: 28%, business sustainability: 33%, corporate social responsibility: 23%, ethics: 55%, financial management: 35%, human resource management: 29%, leadership and managerial decision-making: 43%, marketing: 41%, operational management: 39%, and strategic management: 33%. Seventy-one percent of the participants who took part in the study suggested that they needed other business management training needs, providing suggestions in the final question. Of the 71% of participants who answered this question, the most important requests identified included information technology (17%), tax- related management and knowledge (19%) and medical aid training for ICD-10 coding (13%). The other 51% of the participants that answered the final question provided suggestions that could be categorised into the areas of business already reported on in the Likert Scale. Sixty-nine out of a possible ±1600 registered Biokineticists who were BASA members completed the survey. This represents a response rate of about 4%. Conclusion: Business management training needs exist for South African Biokineticists. By addressing these needs, it may lead to improvements in overall patient care, practice management and small business growth which in return can lead to the socioeconomic stimulation of the country.

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