Activity Risk Management in Family Businesses Cover Image

Zarządzanie ryzykiem działalności w firmach rodzinnych
Activity Risk Management in Family Businesses

Author(s): Anna K. Stasiuk-Piekarska
Subject(s): Business Economy / Management, Micro-Economics
Published by: Społeczna Akademia Nauk
Keywords: risk; risk management; the activity risk management; family business; the family business specifics;

Summary/Abstract: Risk is visable in every element of human existence. It is also present in business’ activity which are run in the atmosphere of market uncertainty. Nowadays, the proactive risk management, based on predicting the possible events and establishing reactions to potential distortions, is a condition for a company to be certified with ISO 9001 and ISO 14001 standards. It is a requirement which will cause the need for enterpreneurs to analyse the possible events to take place. Accordingly, the family owned companies will need to proove the skill of identyfying and managing the activity risk. In the article, the specifics of family-run business and their influence on the company’s activity risk management has been discussed. The chances and risks for the process of risk management determined by fact of being run by a family have been defined. The article also presents a secondary research which presents the attitude that owners of that type of business have towards risk.

  • Issue Year: 18/2017
  • Issue No: 6.3
  • Page Range: 199-212
  • Page Count: 14
  • Language: Polish