2024, Related fields: mechanical engineering, civil engineering, architecture, electronics, informatics, management, etc., pp. 435-440
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Transforming risks into opportunities through the strategic management of a scientific Institute
(The title is not available in English)
aInstitut za rudarstvo i metalurgiju, Bor, Srbija bUniverzitet Singidunum, Beograd, Srbija cUniverzitet u Beogradu, Tehnološko-metalurški fakultet, Inovacioni centar, Srbija
email: marija.jonovic@irmbor.co.rs, lbarjaktarovic@singidunum.ac.rs, majaradestevanovic@gmail.com, dejan.bugarin@irmbor.co.rs
Project: Ministarstvo nauke, tehnološkog razvoja i inovacija Republike Srbije (institucija: Institut za rudarstvo i metalurgiju, Bor) (MPNTR - 451-03-68/2020-14/200052)
Keywords: Nationally significant Institute; COSO (Committee of Sponsoring Organizations); ERM (Enterprise Risk Management); Sustainable Business Strategy; SWOT Analysis
Abstract
(not available in English)
This research, aimed to determine whether the COSO (Committee of Sponsoring Organizations) ERM (Enterprise Risk Management) model, implemented in a scientific Institute of special importance to the Republic of Serbia, can identify the multiple business opportunities and prevent instabilities caused by various external factors through its strategic decisions. The goal is to identify the risk factors that can be turned into opportunities and possibilities. The SWOT analysis survey was conducted from June 26, 2024, to July 1, 2024, on a sample of 214 respondents, with a response rate of 55.6% (119 respondents). The results indicate a sustainable business strategy for the Institute.
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