Business Risk Management and its Improvement

Main Authors: Kaleininkaitė, Laura, Trumpaitė, Ingrida
Format: Article Journal
Terbitan: , 2007
Subjects:
Online Access: https://zenodo.org/record/816642
ctrlnum 816642
fullrecord <?xml version="1.0"?> <dc schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd"><creator>Kaleininkait&#x117;, Laura</creator><creator>Trumpait&#x117;, Ingrida</creator><date>2007-09-27</date><description>Business risk management is a very important process in any company. It helps to gain advantage over competitors and to work more effectively. Still, in Lithuanian companies risk management is quite a big problem. In Lithuania we face many different kinds of risk in all sectors of economy, but these risks are not suitably managed. In this article we propose to practically use probability distributions for the business risk management, allowing to forecast the future financial results of a company, and for the improvement of business risk management we present integrated risk management model, which reflects nowadays changing economy and the need to ensure the management of different risks at the minimal cost. </description><identifier>https://zenodo.org/record/816642</identifier><identifier>10.3846/btp.2007.25</identifier><identifier>oai:zenodo.org:816642</identifier><rights>info:eu-repo/semantics/openAccess</rights><rights>https://creativecommons.org/licenses/by/4.0/legalcode</rights><source>Business: Theory and Practice 8((3)) 176-181</source><subject>business risk</subject><subject>business risk management</subject><subject>uncertainty</subject><subject>forecasting</subject><subject>probability distribution</subject><subject>risk management model</subject><title>Business Risk Management and its Improvement</title><type>Journal:Article</type><type>Journal:Article</type><recordID>816642</recordID></dc>
format Journal:Article
Journal
Journal:Journal
author Kaleininkaitė, Laura
Trumpaitė, Ingrida
title Business Risk Management and its Improvement
publishDate 2007
topic business risk
business risk management
uncertainty
forecasting
probability distribution
risk management model
url https://zenodo.org/record/816642
contents Business risk management is a very important process in any company. It helps to gain advantage over competitors and to work more effectively. Still, in Lithuanian companies risk management is quite a big problem. In Lithuania we face many different kinds of risk in all sectors of economy, but these risks are not suitably managed. In this article we propose to practically use probability distributions for the business risk management, allowing to forecast the future financial results of a company, and for the improvement of business risk management we present integrated risk management model, which reflects nowadays changing economy and the need to ensure the management of different risks at the minimal cost.
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library Cognizance Journal of Multidisciplinary Studies
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collection Cognizance Journal of Multidisciplinary Studies
repository_id 16997
subject_area Multidisciplinary
city Stockholm
province INTERNASIONAL
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