Record Details

THE THEORETHICAL APPROACH AND PRACTICE OF CONTROLLING AND BUSSINESS RISK

Ecoforum Journal

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Field Value
 
Title THE THEORETHICAL APPROACH AND PRACTICE OF CONTROLLING AND BUSSINESS RISK
 
Creator HÁGEN, István; Károly Róbert University College
BUJDOSÓ, Zoltán; Károly Róbert University College
NEDELEA, Alexandru Mircea; Stefan cel Mare University of Suceava
 
Subject controlling, economical, efficient, Balanced Scorecard, SMEs
F38, G32, D81
 
Description Achieving the controlling approach at the companies has the obvious advantage that it is getting easier to exactly define the strategic and operative objectives, the planning system encourages the increase of performance and the decrease of costs and it helps by comparing plan-fact data. By defining the indices and continuous monitoring it is easier to get the fact data closer to the plans, so in case of careful planning business risk can be reduced. With the application of the controlling approach enterprises can be made economical, efficient and effective, so the activity naturally involving several risks, namely weather conditions, biological hazards, can be made more predictable. To sum up, the application of the Balanced Scorecard at the enterprises on the one hand helps short-term profitability and on the other hand designates what to do to reach long-term financial profitability and competitiveness. The objective of the research was to conduct a survey via questionnaires suitable for analysis as well as relevant deep interviews among the small and medium sized enterprises from different branches in the Carpathian Basin.
 
Publisher Association of Educational and Cultural Cooperation Suceava from Stefan cel Mare Universit
 
Contributor János Bólyai Research Scholarship of the Hungarian Academy of Sciences
 
Date 2015-07-20
 
Format application/pdf
 
Identifier http://www.ecoforumjournal.ro/index.php/eco/article/view/142
 
Source Ecoforum Journal; Vol 4, No 2 (2015)
 
Language en
 
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