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Risk Management in SMEs in Czech Republic

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F17%3A00097638" target="_blank" >RIV/00216224:14560/17:00097638 - isvavai.cz</a>

  • Result on the web

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    Risk Management in SMEs in Czech Republic

  • Original language description

    Business management stands in today's complex and dynamic business environment ahead of the crucial task of ensuring the requirements of all involved stakeholders in the required way. For future-oriented entrepreneurship, effective knowledge of risk management is absolutely necessary, particularly in terms of increasing demand and limited business conditions. Functional and target-directed risk management is a vital contribution and need for corporate governance. For small and medium-sized enterprises (SMEs) it is a particularly important part applying this knowledge in the context of changing business conditions (legislative change, economic change in the field of direct and indirect taxes, in regulatory measures and standards, etc.) The knowledge, use and implementation of internal risk management processes can fundamentally change the view of business management. The concept of risk management includes a wide range of definitions or interpretations, but the presented article considers risk and risk management as one of the possible effects on the achievement of the company's objectives, not in terms of financial management and reorganization of the company, but in relation to the continuity of business and prevention of the possible damages caused by the company's activities.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

  • OECD FORD branch

    50200 - Economics and Business

Result continuities

  • Project

  • Continuities

    N - Vyzkumna aktivita podporovana z neverejnych zdroju

Others

  • Publication year

    2017

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    Systems Thinking for Everyone

  • ISBN

    9781906740153

  • ISSN

  • e-ISSN

  • Number of pages

    5

  • Pages from-to

    98

  • Publisher name

    TU Wien, Vienna, Austria

  • Place of publication

    Wien, Vienna

  • Event location

    TU Wien, Vienna, Austria

  • Event date

    Jan 1, 2017

  • Type of event by nationality

    WRD - Celosvětová akce

  • UT code for WoS article