Identification of Risk: An Empirical Evidence

Abstract

The focus of the paper is to identify risks in various areas of operation of a selected trade and production company. The risks primarily referred to threats that had direct or indirect impact on the functioning of the organisation, thence the causes of their occurrence and effects are determined. Identification of individual risks is made based on analyses of internal and external context of the enterprise. In this study, over thirty key risks were identified, in the operational and strategic area, which is related to the taking of immediate action. The final stage of the paper includes preparation of control mechanisms allowing for minimisation or elimination of the discovered risks.

Impact of the Covid-19 Pandemic on the Digitalization of The EU Member States

“…The new reality is accelerating business model transformation at a faster pace than ever before to ensure existential survival in a crisis for which no one was prepared. However, our team's research during the last two years (Angelova, Dimitrova & Pastarmadzhieva, 2021;Wojtyto et al, 2021) focused the attention on the influence of the COVID-19 pandemic, having a dramatic impact on society, business (entrepreneurship) and government institutions. The topic of the COVID-19 pandemic consequences and dissemination in modern society is in its infancy, at least because it is unfolding spatially and temporally on a local, regional, and global scale.…”