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• eBook-Kapitel aus dem Buch Risk Management Practices of SMEs

  Research Methodology and Research Design

  Thomas Henschel

  …, by drawing on a mail questionnaire it is possible to obtain a sample being large enough to reduce sam- pling error to accept- able levels. Second, for… …of questionnaire discussed in Chapter 4 is a self-administered postal one. It was accompanied by a covering letter and a short glossary explaining the… …entire enterprise developed? It was hoped that personalized addressing of the covering letters would avoid any gatekeepers and get the message through the… …management, the hint has been included that knowl- edge management does not require elaborated methods; in its simplest form it means implementing a knowledge… …its selection. Referring to the data of regional chambers of trade and industry had to be rejected. On the one hand, it would have been be very… …well-known and annually updated database containing infor- mation about c. 65,000 German SMEs, the largest SME database with an over- regional focus. It is… …above, it is organized according to the Nomenclature Ac- tivity Classification Europe (NACE) code, which supports selecting the in- dustries being… …reports from other survey researchers such as Dennis (2003) suggest that it is becoming increasingly difficult to obtain responses. The respondents often… …intervals of the VAT statistics. Nevertheless, since using the Hoppenstedt database is the only practicable way to get nationwide data, it was taken to draw… …Small Business, Washington, USA, in June 2005, where the procedure operated in the interviews was also shown. It produced some useful comments since not…

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• eBook-Kapitel aus dem Buch Risk Management Practices of SMEs

  Questionnaire Results

  Thomas Henschel

  …enterprises try to get into the niches. For SMEs it means to change frequently their strategy and to switch over to other segments or to other customer requests… …. It has confirmed the deficits of long-term planning as stated in regional studies on German SMEs (Ossadnik et al., 2004; Behrens et al., 2005)… …, firstly it was investigated whether the SMEs have already established any monitoring system to detect risky developments early enough (also called early… …monitoring system. Addition- ally, it was asked, whether they think it is legally required to implement a monitoring system (Appendix F, Question 1.9b). Table… …establish it) is remarkably large, indicating that SMEs inten- sively deal with this problem. It remains to investigate how systematic their approach is and… …details. It is remarked that “significant” is used here as a short word for “result of a chi-square test having a significance level p < 0.01.” A summary of… …component follows, with no signifi- cant differences between size classes. It is pointed out that “no statement” is given by almost 1/4 of the micro and the… …: Components (Q 1.7a*) and Time Horizon (Q 1.7b). Versus Industrial Sector (Q 1.1) Industrial sector Construc- tion Engineer- ing IT Auditing Trade Total Rk… …1.4% 4 Total 80 100.0% 93 100.0% 39 100.0% 28 100.0% 36 100.0% 276 100.0% * Multiple selection allowed It is interesting to note that the construction… …intervals. Finally, it is emphasized that the sophistication of long-term business planning unveils great deficits within all size classes, which the…

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• eBook-Kapitel aus dem Buch Risk Management Practices of SMEs

  Interview Results

  Thomas Henschel

  …board of directors was present. For micro and small firms it often was the only managing director. The re- maining 9 firms mostly belong to the medium… …4.2.1), which may be due to the fact that in the interviews it was additionally asked whether the share makes up more than 25%, thus excluding immaterial… …environment, it is remarkable that 52.6% of the firms state a worsening with respect to customers. About half of them also confirm that the situation with… …firstly investigates how the firms evalu- ate the technology of their products and services. Then it is asked in which phase of the product life cycle their… …main products are located. Finally, it was inquired whether the firms currently suffer from a shortage of personnel. In view of the technology of… …products and services, a clear majority (76.7%) declare it to be mature, with few innovations being possible. This tendency is also found with respect to the… …decreasing to strongly increasing. To help estimating the growth it was asked whether a possible decrease or increase made up more than 10% or less than 10%… …and small firms (see Appendix L). 5.2 Analysis of Quantitative Results 155 It was also examined in which way the firms make use of external support… …other managers a cash budget and a budgeted balance sheet. Concerning a master budget, there is no such differ- ence; both groups employ it relatively… …, each one with a typical or with a dramatic statement. It is pointed out that size classes associated with these quotations always refer to the definition…

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• eBook-Kapitel aus dem Buch Risk Management Practices of SMEs

  Types of Risk Management Practices Derived from Questionnaire and Interview Scoring

  Thomas Henschel

  …(Section 6.1). It draws on the type terminology of Miles and Snow (1978, 2003), by relating a type with certain sets of scoring figures. After the… …. The Miles and Snow approach has inspired the author of the present thesis to make it applicable for the identification of types of risk management… …terns (Section 3.5). Similarity of scoring patterns is not defined in a mathe- matical way; it is due to a classification by the investigator, according… …prepared externally. No sophisti- cated perform- ance meas- urement tools. Identifies only very specific risks, which it is familiar with. Short-term risk… …strategy at all since the business sector is declining and no improvement is in sight. The companies are looking for new business opportunities. It would be… …adapt is by modifying the price. It is noticeable that banks put an increased pressure on reactors to improve their management systems. Business… …planning. All that they actually execute is a rudimentary annual sales plan. In preparing it, the data from the preceding year’s annual financial statement… …contingencies are defective. Where an contingency plan does exist, as a rule it only concerns the data proc- essing systems. Project Risk Management Reactors do… …, although it is carried out in a very informal manner. In general, a Types of Risk Management Practices 212 written documentation of the risks being… …. Also some consid- eration of strategic risks. Without con- sidering all risks, it can rush into costly failures. Risk assess- ment fre- quency and time…

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• eBook-Kapitel aus dem Buch Risk Management Practices of SMEs

  Practical Implications

  Thomas Henschel

  …the risk management types developed in Chapter 6, and it proposes which measures must be taken if the companies are to continue to develop positively… …Structure The reactor is an unstable organzation type because it lacks a set of consistent response mechanisms that it can put into effect when faced with a… …linked to it in an appropriate manner – or management adheres to a particular strategy-structure relationship even though it is no longer relevant to… …least implement an annual financial and profit planning. For a monthly monitoring it would be meaningful to prepare a short-term liquidity and profit… …documentation of the development of risks it is recommended to integrate the risk data into the regular reporting. Since reactors have few formalized systems and… …be proposed. It should be linked as closely as possible with the business planning. Risk Management Organization The key to a successful… …owner-manager would have significant consequences. Often within his family there is no potential successor. So it is recommended that among the employees someone… …estimation of the project risk potentials, for each project a risk assessment template should be developed (for details see Section 7.3.1). Furthermore, it is… …the project phases would be helpful. The reac- tor should implement a simple knowledge management system. It should be organized in the form of a data… …direction of a holistic risk management. It is remarkable that firms which, according to the results of this study, have been categorized as…

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• eBook-Kapitel aus dem Buch Risk Management Practices of SMEs

  Conclusion

  Thomas Henschel

  …291 8 Conclusion This chapter presents a summary of the most important findings of the present investigation (Section 8.1). Then it points out the… …derived from it. 8.1.1 Questionnaire and Interview Results The main purpose of this thesis was to investigate the current state of risk management… …practices in the main industries of German SMEs. It explored which factors must be viewed as critical for establishing a risk management system and which… …how risk management is linked with it. The investigation has impressively shown that firms having a good business planning also apply it for a… …talk” and of no value for the firm. The employees would not see its benefit, they would only think of it as an additional workload. However, the… …simplicity. But applying it requires considerable business management knowl- edge and the support of specialists, which micro and small firms cannot pro- vide… …SMEs. The results of the questionnaire and the research inter- views have shown that firms having a controlling unit use to assign it to im- plement risk… …of all types. So these firms have the best chances of developing successfully. Analyser are mainly found in growth-oriented industries such as IT and… …educational background, age and gender on the managing of risks. Furthermore, it would be interesting to know whether the state of risk man- agement depends on… …the owner-manager having formerly been self-employed or building up his first own business. It would be important to determine how the implementation…

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• eBook-Kapitel aus dem Buch Revision des Personalbereichs

  Personalarbeit im Rahmen einer strategischen Unternehmensführung

  Christine Brand-Noé
• eBook-Kapitel aus dem Buch Revision des Personalbereichs

  Kapazitätsanpassung

  Christine Brand-Noé
• eBook-Kapitel aus dem Buch Revision des Personalbereichs

  Vergütungssysteme und Abrechnung

  Christine Brand-Noé

  …IT- und Telekommunikationseinrichtungen Es ist Ziel der Prüfung festzustellen, ob – eine Reisekostenordnung die Genehmigungs- und Abrechnungs-… …, abrechnungstechnisch / lohnsteuerrechtlich korrekt behandelt wird – es im Unternehmen eine Regelung der berechtigten Nutzung von IT- und…
• eBook-Kapitel aus dem Buch Elektronische Rechnungsstellung und digitale Betriebsprüfung

  EG-rechtliche Vorgaben

  Peter Eller

  …entwickeln, dies in erster Linie mit Hilfe der Informationstechnologie. 2. Richtlinien im Umsatzsteuerrecht 16Die 6. EG-Umsatzsteuer-Richtlinie ist die Magna…