Abstract
The paper discusses the problems of assessing risk management performance in railway transport companies. The authors developed an algorithm of forming the competitiveness and risk level assessment system for railway transport companies; they assessed the risk of competitiveness of Ukrainian railway industrial enterprises, suggested measures to mitigate the adverse effect of the risks, a mechanism of working out and making effective management decisions to neutralize risks for railway transport companies.
Highlights
In the current business conditions, railway transport companies are under continuous internal and external competitive pressure, corporate management needs regular assessment of the company performance and the level of its competitiveness
The competitiveness assessment requires the use of a system of elements, covering all the railway transport enterprise activities, in particular: financial-investment, human resources management, operational, marketing, and innovative activities
Risk analysis and assessment encourage railway transport companies to introduce the provisions of modern risk studies in their activities
Summary
In the current business conditions, railway transport companies are under continuous internal and external competitive pressure, corporate management needs regular assessment of the company performance and the level of its competitiveness. The level of competitiveness shows the enterprise financial standing, its strengths and weaknesses compared to its competitors and the market share the company has. The concept of competitiveness is related to the opportunity to do business efficiently and effectively, manufacture products, which will be in demand at any time on the competitive market, the ability to adapt promptly to any changes in the market environment etc. At each stage a railway transport company faces risk situations that may be partially foreseen, but not always so. Railway company management need continuous analysis and assessment of the company competitiveness risks, which is a topical line in the corporate strategic management
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
