J 2023

ENTERPRISE RISK ANALYSIS IN AN ENGINEERING COMPANY WITH A FOCUS ON CUSTOM MANUFACTURING

KOLLMANN, Jaroslav, Jarmila STRAKOVÁ, Antonín KORAUS, Mykola PALINCHAK, Filip CERNÁK et. al.

Basic information

Original name

ENTERPRISE RISK ANALYSIS IN AN ENGINEERING COMPANY WITH A FOCUS ON CUSTOM MANUFACTURING

Authors

KOLLMANN, Jaroslav (203 Czech Republic, guarantor, belonging to the institution), Jarmila STRAKOVÁ (203 Czech Republic, belonging to the institution), Antonín KORAUS, Mykola PALINCHAK and Filip CERNÁK

Edition

Entrepreneurship and Sustainability Issues, Vilnius, Litva, Entrepreneurship and Sustainability Center, 2023, 2345-0282

Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50200 5.2 Economics and Business

Country of publisher

Lithuania

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

RIV identification code

RIV/75081431:_____/23:00002527

Organization unit

Institute of Technology and Business in České Budějovice

UT WoS

001032334300004

Keywords (in Czech)

výrobní proces; obchodní cíle; obchodní proces; procesní rizika; predikce rizik; analýza rizik; přidaná hodnota

Keywords in English

production process; business objectives; business process; process risks; risk prediction; risk analysis; added value

Tags

Links

FW01010460, research and development project.
Změněno: 16/11/2023 09:26, Barbora Kroupová

Abstract

V originále

The study details the outcomes of a scientific experiment analyzing enterprise risks in business processes. Examining and getting rid of enterprise risks is one of the most important management tools when it comes to reaching corporate goals. The new proposed strategy is based on the idea of process risk as a part of putting business processes or operations into action to get results that add value. The actual solution algorithm consists of the quantification of the difference between the level of risk and the enterprise's cost, the development of added value, and the operating profit. The experiment focused on a medium-sized engineering company that specializes in piece production. The principal outcomes of the technique are the realization that a smaller proportion of value added connected with the process results in a reduced degree of risk that is proportional to the cost ratio of the various production process activities. The hypothesis that manufacturing automation reduces risk has not been confirmed. It is advised that businesses document and review the time and cost components of each process on a regular basis. The outputs obtained from the solution demonstrate the suitability of the proposed process, with the outputs' validity demonstrated by repeating the analytical activities and comparing them to the actual occurrence of process risks identified by the model enterprise's managers during the execution of a real contract. The newly proposed method is expected to be appropriate for mass production.

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