Management Level Of Companies Research Articles

Correlations between trust, cooperation, norms and values in high-tech enterprises in Wielkopolska region

Purpose: The aim of the article is to analyze the results of research on the interdependencies between cooperation, trust, as well as norms and values, as key elements of social capital in high-tech enterprises in Wielkopolska Region. Design/methodology/approach: The analyzes carried out covered 51 enterprises belonging to advanced technology industries, including 41 small and 10 medium-sized ones. The research was conducted using the interview method, using a questionnaire and supported by the CATI technique. The obtained data were subject to further analysis and statistical inference. They consisted in determining the mutual dependencies for the three resources of social capital, i.e. trust, norms and values as well as cooperation (jointly creating the social capital of these enterprises) and their components. The relationships were determined based on the calculated Pearson's linear correlation coefficients. Findings: Based on the conducted analyzes, it is legitimate to conclude that the designated level of cooperation, norms, values and trust are closely related. For all combinations of the indicated resources, the determined Pearson's linear correlation coefficients are statistically significant with a probability of 0.05. Also, many combinations of the components of these resources are correlated with each other. Practical implications: The application dimension of the article is perceived in at least two possibilities. Firstly, for business representatives, it can be a valuable source of information on the key factors in the appreciation of social capital in a company. Secondly, on the basis of the calculated correlations, the article gives the opportunity to review the most important relationships between these components, which may also be useful from the point of view of the appreciation of social capital in the enterprise. It is also worth emphasizing the interdisciplinary nature by combining the scientific and application aspect, which can be used at the level of company management. Originality/value: This work deals with an original approach to social capital, both due to the conceptualization of the concept of social capital and its components, as well as the interrelationships between its components. It is also worth emphasizing the interdisciplinary nature of the work, combining the scientific and application aspects that can be used at the level of company management. Moreover, the methodology described in the research process may be used in enterprises operating in industries other than high-tech.

Information support of the system for managing technical assets in railway transportation

Aim. JSC RZD is one of the largest and most advanced companies in Russia who actively deploys and uses best practices in asset and risk management. In 2010, the railway industry initiated the project for the management of resources, risks and dependability at lifecycle stages of railway facilities (URRAN) that is currently under way. The aims of this paper are to overview the asset management tasks covered by URRAN; examine the marketed IT tools designed to address such problems; present the progress of the URRAN project in terms of process automation implemented by JSC RZD in light of the international best practice and the specificity of the Company. Methods. The preparation of this paper involved empirical and theoretical research. The authors analysed the URRAN project’s package of guidelines and regulations, public information on the globally available software products enabling asset management, as well as the program documentation of the EKP URRAN automated system. They analysed the functionalities and and engineering solutions used in the development of this automated system. The results of the EKP URRAN deployment and practical application by units and branches of JSC RZD were evaluated. Results. Asset management involves using Enterprise Asset Management Systems (EAMS) specially designed to suit the needs of specific companies or mass-produced “out-of-the-box” systems, e.g. SAP ERP, IBM MAXIMO, ABB AbilityТМ and SimeoTM that are examined in the paper. The EKP URRAN implements a single information space that is a decision support tool for the asset management system as it possesses the required regulatory and procedural resources, hardware and software assets intended for comprehensive management of assets and processes for the purpose of efficient railway service. In the future, the EKP URRAN is to become part of the Digital Platform for Risk and Traffic Safety Management deployed in JSC RZD and will comprise modules that implement dynamic predictive analytics models for the purpose of predicting undesirable events involving infrastructure and rolling stock that may disrupt traffic safety. Conclusions. Further development of the EKP URRAN will soon provide all levels of company management with an efficient tool that allows, in the context of limited resources, making substantiated managerial decisions and rational investment allocation. The EKP URRAN is an asset of JSC RZD designed to be used by the managers and specialists of various JSC RZD units. It can be implemented as a standalone IT product for the purpose of developing and deploying an asset management system in various railway companies.

СУЧАСНІ РЕАЛІЇ РИЗК-МЕНЕДЖМЕНТУ У СТРАХОВИХ КОМПАНІЯХ

The article considers the features of risk management in modern insurance companies, the mechanism of its implementation and the problems of risk assessment. The importance of the state in the control over the financial activities of companies in order to ensure stable operation, proper protection of consumer rights is indicated. The importance of implementing a risk-oriented approach is pointed out, which will first of all ensure the assessment of potential risks and their identification at an early stage for timely further communication or taking appropriate measures. After all, this will allow you to take appropriate measures in a timely manner and prevent the company from leaving the market without fulfilling its obligations to policyholders. Emphasis is placed on the importance of active cooperation between the state and business, in particular through the creation of guarantee funds. The concept of integrated risk management is considered, which will allow assessing risks at all levels of company management. Today, in many insurance companies, risk management is a real part of corporate governance. An analysis of the financial performance of the insurance company IC ARX, as one of the leaders in the ranking of companies in the market. In particular, the solvency of the company for 2018–2020 was analyzed and it was proved that the insurance company meets the solvency requirements in accordance with the requirements of the regulator. The insurance company pays great attention to risk management, in particular, created a Risk Management Department, which is responsible for identifying, analyzing and assessing risks and proposes measures to minimize them and mitigate their consequences. The active use of stress testing as an important stage in building a risk management system, the need to record preventive measures in appropriate protocols and form a risk profile, the active use of outsourcing in the management of insurance companies. Testing can be conducted both in terms of financial performance and in terms of developing behavioral models within the organizational structure of the company in order to identify weaknesses. Based on conducted by the authors, the authors note the relevance of the topic, the need for more detailed research on this issue using analytical material.

The Role of Environmental Insurance as the Prevention Effort of Environmental Pollution

Various efforts have been developed to reduce the environmental pollution, such as the approach of policy, company management, and social support. In the level of policy, there is a corporate social responsibility as formulated in Law Number 40 of 2007 on Limited Company besides the system of environmental impact analysis (AMDAL) as regulated in Law Number 32 of 2009 on Environmental Protection and Management. In the level of law enforcement, the principle of strict liability demanding the doers give an impact on the environment showing that they are not responsible for the reverse verification system as the intended efforts. In the level of company management, the introduction of ISO 14000 as the management system that places the environment as the basis for its implementation is another approach attempting to reduce the level of environmental pollution. However, the level of environmental pollution is not decreased significantly. The concept of environmental insurance implementation is the effective way to reduce the environmental pollution.

Costs as Instruments of Decision Making Process in Competitive Economies

In contemporary and competitive economies costs represents an important instrument in the decision making process. The decision making process at the company's management level is defined by a variety of interrelated managerial decisions, setting goals, directions and ways of achieving them, ensuring economic and financial self-regulation as a whole. In the framework of the paper, it was conducted a survey on the use of cost in modern companies' decision-making under conditions of environmental challenges. General assumptions were made and statistics based on the theme explored. It was also performed an analysis of the data processed, which took into account checking assumptions.

On Risk Factors of Inventory Finacing Based on Structural Equation Model

This paper analyses the risk factors of inventory finacing, establishes path diagram and the structural equation model on relations between inventory financing risk factors and makes the empirical analysis. The results indicate the operation status of the company and the characteristics of the inventory pledged have a significant effect on credit risk, and so of the level of company management on company operation.Based on this, banks should take relative measures while developing the inventory finacing.

Physical violence at the workplace: Consequences on health and measures of prevention

Based on definitions and theoretical models of physical violence at the workplace, this paper presents scientific knowledge and working hypotheses regarding both, the causes and effects of physical violence on health, and pertinent preventive measures of intervention to be taken by enterprises. Four groups of determinants of violence are presented and discussed: determinants relative to the structure and the culture of the enterprise; the aggressor; the victim; and the socio-cultural environment. The theoretical model by Baron and Neumann [Public Admin Q 21 (1998) 446–64] is used to explain the complex origin of violent behavior at work based on these determinants. Moreover, the various and multiple consequences of a violent act are examined. In addition to the direct effects of such an act on the social, organizational and individual level, the indirect effects are also taken into consideration. In this analytical context, health problems are more particularly underlined, such as the psychological trauma suffered by victims of a violent act. Finally, two different areas of intervention will be distinguished: interventions on the physical environment and interventions on the level of company management or an organizational group which aims at changing the behavior of the members of the organization. Different scientific evaluations of action programs to reduce violent acts are presented. In conclusion, this paper calls for further research on physical violence in the workplace.