Risk Management in the Segment of Smes in V4 Countries

Entrepreneurship is a significant part of economic system of every country and has an important effect on the entire society growth. SMEs are regarded as an engine of the economics because they employ more than 60% of all habitants of EU and add more than 50% of total value of the European economics (SBA, 2018a). Therefore, many authors are focused on the role of small and medium enterprises (SMEs) in the economic system (Czarniewski, 2016; Dobeš et al., 2017; Dubravska et al., 2015, Kozubikova et al., 2017). The business environment is influenced by several factors. Some of them are impossible to manage – macroeconomic environment. In addition to the macroeconomic surroundings, businesses are also characterized by the microenvironment that surrounds them. This environment includes the financial environment (financial markets), the business environment (clients and suppliers), the legislative and political environment as well as the historical assumptions of the country. Systematic risks are connected with the macroeconomic surroundings. These risks depend on the overall economic development. Their sources are e.g. changes in the government's monetary and budgetary policy, changes in tax legislation, overall market changes, etc. These economic risks are similar for all economics units in the economic system. The risks, which are possible to be managed easily, are non-systematic (unique) risks. These are risks that are largely independent of the overall economic development, specific to individual companies, business projects respectively. The causes of these risks may be as follows: a significant production, more precisely a technological innovation in a certain production field, a new competitor on the market, loss of key (top) employees of the company, a breakdown of production facilities, etc. The success of companies depends on how well the company manages risks identification, anticipates them and takes the right approach to them. Risk management can be a key aspect of financial management and a critical area for a company’s survival, especially in case of small and medium companies.

ISBN:	978-80-7454-859-8
EAN:	9788074548598
Počet stran	150 stran
Datum vydání	11. 11. 2019
Pořadí vydání	První
Jazyk	anglický
Vazba	měkké desky, lepená brožura oříznutá po třech stranách
Autor:	Zuzana Virglerová
Nakladatelství	Univerzita Tomáše Bati ve Zlíně
Tématická skupina	1 - Ekonomika
	Neprodejná publikace. Publikaci je možné poptávat zde: Knihovna UTB ve Zlíně