| Abstract [eng] |
One of the most important strategic objectives of the company is to reduce the risk of business to an acceptable level, when operating in the market. As the company enters the international market, it affects not only the micro–environment, but the business subject must manage and control macro–environment risk factors, therefore global market risk management is becoming an important aspect. Effective risk analysis would allow for the companies to prepare for adverse events and minimize the potential loss of business in today's rapid business development. The object of the work is the management of business risk and the goal is the creation of an international business risk management model. There are tasks raised to realize the work’s purpose: to explore the theoretical aspects of business risk in the international business and to assess risk management in the banking, insurance and business sectors; as well as to make analysis of business risk management in the international companies and to create a theoretical model of business risk management. Work structure: work consists of three main parts: the first part is made of analysis of theoretical risk management aspects in the international business, the second part is made of analysis of risk management models in the banking, insurance and business sectors, and the third one is made of an empirical research of risk management in an international business company that are based on hypotheses and the theoretical model of risk management for the international company is made. Working volume: 63 pages, 12 tables, 27 figures, 1 supplement and 69 references used: 32 Lithuanian and 36 foreign authors. The analysis of business risk management indicate that multinational companies face with more potential risks in their environment than the company doing business in the local market. One of the most influencing factors in the international business is that the competitive climate has changed because the companies are gone out of local markets to the international space and agrees to more intense competition and generally a greater number of competitors. The need of business risk management have increased in the larger than average company, which operates the international activity longer than five–year period. Thus, business risk management process must continually be „alive“ and controlled. |
