Naslov
Methods of business risk analysis in the process of managing business operations of multinational companies

Autori
Rudančić, Andreja ; Mišević, Petar ; Knežević, Danijel

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
57th International Scientific Conference on Economic and Social Development – Online Conference / Grobelna, Aleksandra ; Beroš, Marin ; Volarević, Hrvoje - Online : VADEA ; Sveučilište Sjever ; Faculty of Management University of Warsaw ; Faculty of Law, Economics and Social Sciences Sale Mohammed V University in Rabat ; Međimursko veleučilište u Čakovcu, 2020, 45-58

Skup
57th International Scientific Conference on Economic and Social Development (ESD 2020)

Mjesto i datum
Online, 06.08.2020

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Multinational companies ; Business risks ; Methods for analysing business risks ; Energy sector

Sažetak
Multinational companies (MNCs) have become a relevant and influential factor for the achievement of competitive advantage on the global market. They expand their operations outside their home countries. The assessment of the role and importance of modern MNCs in the world economy implies a good understanding of all their forms and functioning of the global market. The risks MNCs are facing in their business, in addition to the usual business risks in foreign trade, are currency, transport, insurance, credit risks. They are additionally exposed to the risks of the resident country, which include political, corruption, criminal, or war risks. Although risk is an integral part of business operations, one should know how to manage it by making informed decisions based on modern analyses of quality data. The hypothesis in this paper is that knowledge of different qualitative and quantitative risk analysis methods makes it possible to determine the vulnerability of the system due to the existence of business risks. Practical examples from the operations of the selected MNC on the global market will be considered using statistical correlation methods and trend analysis. The analysis will cover business risks MNCs are facing as well as business risk management methods appropriate for their identification and elimination. Statistical software IBM SPSS Statistics 24 and MS Excel will be used for the analysis and presentation of results.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA