Chapter 5

Findings, Conclusion, and Recommendations

This chapter presents the summary, conclusions and recommendations.

Summary of Findings

The study determined the risk management and level of performance of

pharmaceutical companies in Davao City. A total of eighty one respondents were

involved in the study.

The following are the summary of the study.

1. It determined that most of the pharmaceutical companies here in Davao City

apply risk management in their business. Technology risk management and the

commodity risk management is the most practiced risk management while

operation risk management is the least practiced management.

2. Most of the pharmaceutical companies in 2013 were more profitable than 2014.

In 2013, the minimum return of investment is 1.08 percent and its maximum

percentage is 25.53 percent. For 2014, the minimum percentage of return of

investment is 0.0 percent and the maximum percentage is 19.64 percent.

3. Risk Management did not really provide significant relationship with the

performance of the bakery business. This probably because risk management is

 not the main key to have more customers. The null hypothesis in the study is

accepted.

Conclusion

The study found out that Risk Management has a high mean; this means that risk

management is manifested most the time. This indicates that in applying risk

management excessively will just extend the cost of production or expenses in one’s

business. As for the performance through its return of investment, having a bigger

return than before does not mainly or does not reflect the application used in the risk

management. This means that by having a best performance in a pharmaceutical

business, the firm does not only consider the risk factors b

Recommendation

On the basis of the preceding summary and conclusion, the following

recommendations are proposed:

1. In order to lessen the cost of the pharmaceutical business, the pharmaceutical

owners may not implement a high level of risk management in most of the areas.

One of the examples is the technological risk management that having advanced

equipments such as television, radio and computer will not primarily help the

bakery to earn more. Perhaps it is the quality taste of the bread that the

customers are targeting for.

2. For bakery employees that they may innovate and provide unique taste of bread

or any bakery product that suffices the need of the customers in otder to increase

the fame, quality and return of investment of the business.

3. For customers that they may give their comment and suggestions through a slip

provided by the firm in which it helps to improve its quality and standard.

4. For accountancy students, they may use this study for them to consider the

importance of risk management and employ the same when they will have a

business in the future.

5. Future researchers may conduct study related on the topic covering other

possible factors that may affect or improve the pharmaceutical business.