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TOOLS AND METHODS OF MANAGING ENTREPRENEURIAL RISKS

Economic and Social Development: Book of Proceedings, 2020, Vol.3, p.471-478

Copyright Varazdin Development and Entrepreneurship Agency (VADEA) Jun 18/Jun 19, 2020 ;ISSN: 1849-6903 ;EISSN: 1849-7535

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  • Title:
    TOOLS AND METHODS OF MANAGING ENTREPRENEURIAL RISKS
  • Author: Guliyeva, Shafa
  • Subjects: Company structure ; Corporate profits ; Costs ; Diversification ; Economics ; Entrepreneurs ; Entrepreneurship ; Environmental risk ; Equity ; Financial leverage ; Financial management ; Fixed assets ; Hedging ; Interest rates ; Management ; Net income ; Profitability ; Risk management ; Risk reduction ; Risk sharing ; Stockholders
  • Is Part Of: Economic and Social Development: Book of Proceedings, 2020, Vol.3, p.471-478
  • Description: Since modern companies are in a rapidly evolving climate, the risk is a key element of entrepreneurship. As a result of these changes in their battle to increase the company's profitability, management must pay particular attention to the uncertainties. During financialflow processes, there are typically different types of risks. In general, of the many forms of risk typical of a commercial organization's operations, two - development and financial - are inherent in any company and can be assessed. Organizations may select one or another combination of assets and sources within their capacities. Consequently, successful financial management is focused on manufacturing usage and financial leverage. Notice that there is no fair estimation of all forms of risk; there are no predefined instruments for managing financial risks. Risk management approaches are selected for handling risks after agreeing on the viability of a transaction. These strategies may be grouped into the following areas: avoidance of risks, self-protection, protection, risk transfer, diversification of risk, risk hedging. The efficacy of insurance cover will be improved if a closer relationship of the company's risk managers with the insurer's representatives is coordinated at all levels of risk management. Examples of risk pooling include a guarantee agreement and some other agreements-a bank guarantee and a factoring agreement. The secret to a sustainable company is properly applied diversification of the risks. A portfolio is a mix of financial assets, which in the aggregate do not have the lowest return and at the same time not the highest risk, as the investor wants to do. Hedging risks means restricting financial instruments to the number of losses but also benefit as a result. Risks cannot be avoided but potential risks can be minimized by using effective risk reduction techniques and resources professionally.
  • Publisher: Varazdin: Varazdin Development and Entrepreneurship Agency (VADEA)
  • Language: English
  • Identifier: ISSN: 1849-6903
    EISSN: 1849-7535
  • Source: AUTh Library subscriptions: ProQuest Central
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