Actual number: 2/2023
Archive
THE RESPONSIBILITY FOR RISK MANAGEMENT IN SMALL AND MEDIUM SIZED ENTERPRISES INT HE CONTEXT OF CLUSTERS
The success of each business entity depends on its ability to find and manage the risks and control hazards and eliminate the uncertainty. By uncertainty we can understand the situation in which we are unable to define with sufficient reliability either states, respectively the processes or results that may occur in that area of interest. The responsibility for risk management in each business entity is realized through the management. The highest responsibility is naturally carrying out by owner of enterprise or top management. Based on the realized questionnaire surveys, the main aim of the paper is to evaluate the basic context of risk management organization in small and medium sized enterprises (SMEs), which are interested in participating in cluster – related activities. The experience and attitudes of owner are played significant role in the risk management of these SMEs. One possibility how to improve owners’ experience and access to important sources of information represents the connection into the cluster. The proper cooperation between other firms and the other helpful organizations could improve the owners’ experience with risk management.
Release: 2018/1 Pages: 14-20 JEL classification: L26, L80, L60
DOI:
Keywords: Small and medium sized enterprises, risk management, cluster, responsibility
Section: ECONOMICS AND ECONOMY
Contacts:
Katarína Havierniková, Ing. PhD.
Katedra ekonómie a ekonomiky,
Fakulta soiálno-ekonomických vzťahov,
Trenčianska Univerzita A. Dubčeka v Trenčíne
Študentská 3, 911 50 Trenčín,
e-mail: katarina.haviernikova@tnuni.sk
doc. Ing. Jozef Klučka, PhD.
Fakulta bezpečnostného inžinierstva,
Katedra krízového manažmentu
Žilinská univerzita v Žiline,
Univerzitná 8215/1, 010 26 Žilina
e-mail: jozef.klucka@fbi.uniza.sk
Ing. Ján Havko
Fakulta bezpečnostného inžinierstva,
Katedra krízového manažmentu
Žilinská univerzita v Žiline,
Univerzitná 8215/1, 010 26 Žilina
e-mail: jan.havko@fbi.uniza.sk
Literature:
Belás, J., Ključnikov, A., Vojtovič, S., Sobeková-Májková, M. (2015). Approach of the SME Entrepreneurs to Financial Risk Management in Relation to Gender and Level of Education. Economics and Sociology, 8(4), pp. 32-42. DOI: 10.14254/2071-789X.2015/8-4/2
Dumitrescu A, Purcărea A. A., Negoiţăa O. D., Negoiţă, O. (2015). Research regarding connections between risks and processes within small and medium enterprises. “Procedia Technology”, 19.
Gorzeń-Mitka I.(2007). Ryzyko w eksporcie, Warszawa: KeyText..
Haviernikova, K., Okreglicka, M., Lemańska-Majdzik A. (2016a) Cluster Cooperation and Risk Level in Small and Medium-Sized Enterprises. In: Polish Journal of Management Studies, Volume: 14, Issue: 2, pp: 82-92.
Haviernikova, K., Okreglicka, M., Klučka J. (2016b). Theoretical and Methodological Issues of Risk Management in Small and Medium-Sized Enterprises. Wien/Berlin: Mercur, Verlag.
Henschel, T. (2008) Risk Management Practices of SMEs. Evaluating and Implementing Effective Risk Management Systems. Berlin: Eirch Schmidt Verlag GmbH and Co.
Hollman, K. W., Mohammad-Zadeh, S. (1984). Risk Management in Small Business. Journal of Small Business Management. 22(1), pp. 7-55.
Hudáková, M., Bugánová, K., Dvorský, J., Belás, J., Dana L. P. (2015) Analysis of the risks of small and medium-sized enterprises in the Zilina region. Communications: scientific letters of the University of Žilina. 1/2015. pp. 34 -39.
Ivanova E. (2009). Financing f Small and Medium Enterprises in Slovkia. In: 7th International Conference on Economic Policy in the European Union Member Countries, Trojanovice, Czech Republic, pp. 383-393.
Kehinde, A., Opeyemi, A., Benjamin, A., Adedayo, O., Abel, O.A. (2017). Enterprise Risk Management and the Survival of Small Scale Businesses in Nigeria. Int J Account Res 5: 165. doi:10.4172/2472-114X.1000165
Masárová, J., Koišová, E. (2017) Podnikateľské prostredie v Slovenskej republike v kontexte regionálnych disparít. In: Konkurence : Sborník příspěvků z 9. ročníku mezinárodní vědecké konference. Jihlava: Vysoká škola polytechnická. pp. 526-536.
Mudiyanselage, P., Jayathilake, B. (2015). Risk Management Practices in Small and Medium Enterprises: Evidence from Sri Lanka. In International Journal of Multidisciplinary Research Vol.2 Issue 7, July 2012, pp. 226 – 234.
Navickas, V., Vojtovič, S., Svazas, M. (2017). Biomass clusters influence on business competitiveness. In: Polish Journal of Management Studies. 16(2), p.188-197.
Srovnalíková, P., Gruzauskas V., Navickas, V. (2016). Xxxxxxxx. Sociálno-ekonomická revue. 14(3), pp .81-90.
Šúbertová , E., Meszárošová, Z. (2015). Comparison of perception of external influences on family businesses in the Slovak Republic and in selected European country. In Proceedings of the 7th International Scientific Conference: Finance and Performance of Firms in Science, Education and Practice. Zlín: Tomas Bata University. pp. 1511-1523
Turner, K., Keetelaar, D. (2005). Risk management guide for small business. Global Risk Alliance Pty Ltd jointly with NSW Department of State and Regional Development
The Institute of Risk Management (2002) Risk management standard. [on-line]. [acc.: 2017-10-05]. Available at: https://www.theirm.org/media/886059/ARMS_2002_IRM.pdf.)Varcholová T., Dubovická L. (2008), Nový manažment rizika. Bratislava: Iura Edition.