Suchergebnisse

• eBook-Kapitel aus dem Buch Risk Management Practices of SMEs

  Introduction

  Thomas Henschel

  …the German Control and Transparency Act (KonTraG, 1998) which 1.1 Background: Risk Management in Germany 3 came into effect on the 1 May 1998. The… …caused by a lack of risk aware- ness and insufficient control and information mechanisms (see Hornung et al., 1999, p. 317). To safeguard the shareholders’… …internal control system, so that developments which put at risk the continuing existence of the company can be identified at an early date.” (§ 91 para. 2… …adequate control system has been established, the board of directors may therefore be made personally liable through having violated their responsibil- ity… …form and whether the control system to be set up as described by the act is capable of fulfilling the tasks required of it.” It is noticeable that in… …already entered into and measure, control and adjust them if it wants to ensure its long-term existence (see Hahn, 1987, p. 139). As shown by Figure 1.1… …the entrepreneurial development. The aim of risk management is therefore to control and manage the exist- ing and future risks of a company so that… …management and control of risks – continued reporting on the development of risks. Risk Pure / Insurable Risk (Danger of Threats) Speculative Risk Risk in… …to be responsible for risk identification, evaluation and control. According to Oehler and Unser (2001) the following four strategies are available as… …the other hand, opportunities for con- trol. A company culture should be established which is marked by trust but which also allows control mechanisms…

  Alle Treffer im Inhalt anzeigen
• eBook-Kapitel aus dem Buch Risk Management Practices of SMEs

  Literature Review

  Thomas Henschel

  …very closely associated with their personal well-being]. The suggestion is also that it is family control of the firm rather than management ownership… …not yet allow any conclusions to be drawn on the causes. The differences between family control and owner control also need further analysis. While the… …avoidance, this relationship is positive in Germany. 8. Buchner/Weigand (2002) Early warning for enterprise control: Framework implemented in a medium-sized… …planning is perceived to help control future events and thus to reduce the uncertainty of running a business. Since Germany as a whole values planning highly…

  Alle Treffer im Inhalt anzeigen
• eBook-Kapitel aus dem Buch Risk Management Practices of SMEs

  Practical Implications

  Thomas Henschel

  …should be built up as successor who could get to know the role with time. Project Risk Management To control and monitor the projects the application of… …project manager to keep his project under control and to know 7.2 General Implications for the Development of Risk Management Systems 273 the essential… …let alone control it with information in his head. If no suitable formal planning and control systems are set up at this point then the continuing…

  Alle Treffer im Inhalt anzeigen
• eBook-Kapitel aus dem Buch Risk Management Practices of SMEs

  Interview Results

  Thomas Henschel

  …. A good reporting and control- ling are rather for large firms where often an overview is lacking. Problematic is the updating of such a system; we… …, other sector): “No, its use is not planned, since the con- cept does not convince me and we want to orient towards the EVA as a control measure. In future…
• eBook-Kapitel aus dem Buch Risk Management Practices of SMEs

  Research Methodology and Research Design

  Thomas Henschel

  …(Chapter 2), many studies exclude micro firms. The present work will avoid following such a route. Micro-firms should rather be handled as a control group…