"Scientific research" Almanac

ISSN: 1312-3815

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  • Tsveta Zafirova
    Non-Financial Risk Management in Strategic Decision Making
    JEL: D21, D78, L10, M19
    Keywords: non-financial risk, strategic decisions, risk assessment
    Summary: Within strategic management, risk is particularly important when choosing alternative strategic decisions. Specialist literature provides a variety of methods and models for determining financial risk. However, the strategic choice is greatly influenced by so-called non-financial risk. It affects the correct choice of a strategic decision. The aim of this study is to propose a methodology for non-financial risk management in strategic decision making, which is based on the theoretical research of scholars, best international practice, and the methodology of strategic management. The proposed methodology, along with its stages, is clearly explained in the study, and will help organizations in making management decisions, including strategic ones.
  • Hrabrin Bashev
    The Sustainability of Farms
    JEL: Q12, Q18, Q56, Q57
    Keywords: sustainability of farms, assessment, management
    Summary: The article answers questions like “What is sustainability of farms?”, “What are the mechanisms and modes of managing the sustainability of farms?”, and “How should we assess the sustainability level of farms?”. First, the evolution of the ‘concept’ of sustainable farming is analysed and defined as the ability of farms to maintain their managerial, economic, environmental and social functions in the long run. Second, the principal mechanisms and modes of managing the sustainability of farms are systematically approached. These include the institutional environment, market, private, collective, public and hybrid modes. Next, a system of criteria and indicators is proposed to assess the sustainability level of farms at the contemporary stage of development in Bulgarian agriculture. Finally, an approach to analysing and assessing the management system of farm sustainability is presented.

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Editorial board

  • Editor-in-Chief: Assoc. Prof. Galina Chipriyanova, PhD
  • Deputy Editor-in-Chief: Prof. Atanas Atanasov, PhD