Creating Successful Management through Risk Exposure Detection and Access to Finance of the Company

Boskov, Tatjana (2017) Creating Successful Management through Risk Exposure Detection and Access to Finance of the Company. Quality - Access to Success, 18 (156). pp. 116-118. ISSN 1582-2559

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Abstract

Many transition and developing countries, in particular face a need to promote and strengthen the long term development of the SME sector, which requires access to market opportunities, as well as to new technology and management know-how, often in a situation of considerable resource scarcity. The domestic industry by using knowledge, innovation development and upgrading the capacity of the small and medium enterprises can take the necessary changes for its output and increase export performance. All of this can contribute to sustainability of the economic growth and economic integration especially of small and open economies. Firms can choose to manage their exposures through business practices. Where contracts are concerned business can also set up clauses that reduce this exposure. In many cases this comes businesses also agree on setting all contracts in their core currency, protecting them from any exposure as they always are paid the same relative amount. Using calculations and SPSS software, this paper aims to focus on contribution for developing financial strategies that could help to strengthen the SME sector in a way to record benefits. Implementation of good strategies should increase the attractiveness in transition and developing countries for foreign investors which will improve the capacity of the companies.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Tatjana Boskov
Date Deposited: 08 Feb 2017 14:32
Last Modified: 08 Feb 2017 14:32
URI: http://eprints.ugd.edu.mk/id/eprint/17164

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