RISK MANAGEMENT IN DAIRY PRODUCT COMPANIES


ÖZÇETİN N.

JOURNAL OF MEHMET AKIF ERSOY UNIVERSITY ECONOMICS AND ADMINISTRATIVE SCIENCES FACULTY, vol.4, no.2, pp.125-137, 2017 (Journal Indexed in ESCI) identifier

  • Publication Type: Article / Article
  • Volume: 4 Issue: 2
  • Publication Date: 2017
  • Title of Journal : JOURNAL OF MEHMET AKIF ERSOY UNIVERSITY ECONOMICS AND ADMINISTRATIVE SCIENCES FACULTY
  • Page Numbers: pp.125-137

Abstract

Today's businesses, with the influence of globalization, are affected by the events not only in the countries they operate in, but also in other countries around the World. Particularly, international companies with huge capital that engage in corruption or fraud, adversely affect all world market. Regulatory authorities have introduced a set of rules and standards in order to prevent corruption and fraud. One of these rules is the accountability of the managers. In order to fulfill their duties, managers are obliged to identify and analyze the risks they may face in business operations and to implement the necessary measures to struggle these risks. These applications are discussed under the name of risk management. Our aim in this study is to try to determine the activities related to risk management of the enterprises operating in Turkey and conducting surveys on the managers of the milk production enterprises which entered ISO 1000 between 2014-2016. The survey was conducted by face to face. At the same time, Brazil, which ranks fourth in the list of countries producing the most milk in 2016 and the variables that have the highest risk factor for milk production enterprises in Turkey, which is in the tenth rank, were also investigated. As a result, almost 50% of dairy businesses do not have risk management practice and risk reporting system, which shows that risk management is not sufficient for dairy operations.