Third - August webinar on Strategic management of business risks - "Nature of operating risks" also took place in the Mediquard Technologies in Warsaw. The author of the lecture was Jacek Welc. He received his undergraduate degree from Wroclaw University of Economics. Jacek is a major consulting projects: fair-value valuations of IT projects, fair-value valuations of brands, investment valuations of more than forty “start-up” business projects (for seed-capital funds), fair-value valuations of companies.
In the consultancy specializes in the preparation of wide-ranging analyses and forecasts, both market and financial, construction of business, business valuation, management accounting systems, financial controlling and international accounting standards.
Webinar related to such terms as the distinction between operating risks and financing risks in corporate management or a discussion of the nature of operational risk. From Jacek’s experience we could noticed that every business activity is associated with a risk.
The business risk means the possibility of not achieving the economic results (for example earnings or cash flows), which were expected in the planning phase. In extreme situations the business risk factors may cause the financial illiquidity, and as a consequence may entail the company bankruptcy.
In running a business (particularly when planning and implementing significant investment projects) it is very important to ensure a reasonable balance between the operating risk and financing risk so that the entire business risk is not on the excessive level. The managers should therefore adequately plan and control the individual factors of operating and financing risk, so that those risk factors, which are most dangerous, are at least to some extent offset (neutralized) by lower risk in other areas.
The next session with Jacek will concern impact of financing structure (equity vs. debt) on company’s profitability and risks and strategic decisions on the amount and structure of company’s debt aimed at balancing its total business risks.

All the meetings have met with great favour. Webinars respond to customers both in terms of form and content. Interest in relation to the subject of the meeting resulted in a fruitful discussion and many questions from the audience. Visible was to introduce these solutions to specific cases, as well as participate in future projects of this type.

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