|Abstract:||Every company is exposed to various risks during its business activities. The risks are arising independent from the size of the company, independent from the industry in which the company is active and independent from the markets on which the company is making business. Some risks, to which the company is exposed, are common to majority of the companies and some on the other hand are specific for particular industry, region, production process, etc. Due to security demands a company has to develop and implement its own enterprise risk management, which represents the basis for efficient risk management, risk prevention and risk reduction. Establishment of Enterprise risk management enables the company to identify the risk on time, to analyze the risk, to register the risk and to regularly survey the risk.
This magister thesis exposes two companies from aluminium industry, specifically from aluminium industry subsector packaging and technical parts. These two companies are Slovenian company Rondal and German company Aluminium Werke Wutöschingen. They are similar in sense of productions structure and sales assortment, but are also very different in sense of company size and sales revenue. The specific of aluminium industry is very big exposure to market risk, especially to price risk. Due to small size of aluminium industry subsector packaging and technical parts, the important risks are also operational risk, especially risk of transfers of key employees to the competitor or so called “brain drain” risk.
Magister thesis is composed out of four subject areas. First subject area deals with the most common risks which the companies in the aluminium industry are facing. It is a theoretical presentation of the risks. The second subject area represents risk management procedures, which need to be followed in order to match efficient risk management. This subject area presents also standard ISO 31000, Risk management - principles and guidelines, which is followed by presentation of COSO ERM – Integrated Framework. These documents are important, because they are passing on guidelines and principles for quality and efficient risk management and are very useful in everyday business practice. The third subject area presents aluminium industry, some landmarks of this industry and usage of aluminium as a metal. This subject area describes aluminium market, risk factors and risk management tools for efficient risk management in aluminium industry. Fourth, last subject area includes the analysis and comparison of the above mentioned companies from risk exposure and profitability perspective. The results are the basics for making conclusions about the characteristics of aluminium industry subsectors packaging and technical parts.
The magister thesis verifies the hypothesis, which says “The price is the key risk factor in aluminium industry”. Therefore this document gives more space to presentation of price risk and price risk management.|