THE RISK MANAGEMENT IN THE SELECTED COMPANY

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28160%2F19%3A63523681" target="_blank" >RIV/70883521:28160/19:63523681 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

THE RISK MANAGEMENT IN THE SELECTED COMPANY

Original language description

The paper deals with risk management in the organization SFINX in the Czech Republic. Firstly, there is a literature review of risk management. Secondly, there is a used methodology part. In this part is discussed SWOT analysis and risk matrix with a modified score method. In the questionnaire, the risks were divided into A) Production risks (technical, social, purchasing, distribution), B) Economic risks, C) Market risks, D) Financial risks, E) Political risks. The probability of the occurrence of the risk was assessed: value one for the lowest occurrence, while value five for the highest, the most probable occurrence. The impact was assessed similar: number one for the least serious impact, while number five for the most severe effect. Based on the questionnaire were evaluated the most critical risks that threaten the organization from the perspective of employees. The resulting risk is determined by the product of the probability and impact of the risk. In this paper, risk was determined by multiplying the average values of probability and impact of the selected risk. The averages of these two quantities were obtained based on a questionnaire survey. Then the selected risks were entered on the map, for the risks placed in the significant risk values quadrant and the critical risk values quadrant, the scoring method recommends making proposals to reduce them. In this work, the technique will be adjusted so that the probability and impact will be evaluated from 1 to 5. In the end of the paper, there are presented the results based on the mentioned methodology – the most severe risks that may threaten the organization. Finally, there is recommendations for the organization.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

20101 - Civil engineering

Project

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Continuities

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Publication year

2019

Confidentiality

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

Article name in the collection

DOKBAT 2019 - 15th International Bata Conference for Ph.D. Students and Young Researchers

ISBN

978-80-7454-893-2

ISSN

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e-ISSN

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Number of pages

6

Pages from-to

885-890

Publisher name

Fakulta managementu a ekonomiky, UTB ve Zlíně

Place of publication

Zlín

Event location

Zlín

Event date

Nov 6, 2019

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

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