Ladislav Mixtaj

Integrated Risk Management and its Influence to the Increasing of the Firm’s Value

Successful business subject should to manage its risks in long term and to achieve sufficient profit for covering of unexpected losses. Management of risks is process that is used in business practice for identification, management and avoiding of risks in area of business. With aim to evaluate influence of integrated risks ́ management we used method of value stream analysis. This method serves for identification of risks, resulting from wasting of sources in production or administrative processes. During research and measurement we dealt with stocking process of production lines in the frame of internal material flow. According monthly observing of process of production lines stocking we found out 5 mistakes, for which we recommended possible solution that could help to optimize searching process and eliminate mistakes, which caused losses in the company.

Using of Bankruptcy Indexes for Slovak Mining Firm Development

Negative impacts of the economic crisis on the economy of companies did not avoid Slovak mining industry. Due to the detecting and quantifying of main factors and affecting financial performance of the company after negative impact of the economic crisis, a financial analysis of specific conditions in mining firm, producing crushed stone, has been carried out. Results of analysis determined negative development of financial and executive business situation of the firm in the future. Consequently there were proposed recommendations with possible costs cut down with aim to achieve savings and improve indicators of business activity. According to the current need to improve financial stability of the firm, a way of financial management in the future has been designed, which should contribute to objectification, acceleration and simplification of the decision process.