Risk Prevention Strategies and the SWOT Analysis for the Implementation of the SMEs’ Business Plan

• Main Author: Ionica Oncioiu
• Format: Article
• Language: English
• Published: Danubius University 2014-10-01
• Series: Acta Universitatis Danubius: Oeconomica
• Subjects: management; human resources; objective; assessment; performance
• Online Access: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/2602/2242

This theme is targeting the importance of implementing the business plan of a small and medium company that has as aim the creation of the added value through research and innovation in the management of human resources performance based on information technology domain. The objective is to increase the economic competitiveness and development of knowledge-based economy whereas by the implementation of the project, it increases the company‟s profitability, creating a competitive advantage resulting in innovative products, as well as the effectiveness of companies that use human resources evaluation platform. The need identified on the market to which the SMEs wish to answer by implementing the plan is represented by the nationwide lack of a complex solution covering both the evaluation and the management of human resources performances. The used methodology can be found in the analysis, developing a strategy for preventing financial, human, market, marketing - image risks and also the physical ones. With the SWOT analysis it was observed one of the strengths i.e. the existence of a single management system of employee performance that includes assessment specific features. In conclusion, there are no software solutions at national level, which would assess the human resources of an organization, following specific indicators of that organization, which could combine the assessment methods in order to achieve more a more efficient and versatile assessment.