Risk management as an instrument for providing the stable functioning of the enterprise in understanding conditions

Сосновська, Ольга Олександрівна and Деденко, Людмила Валеріївна (2019) Risk management as an instrument for providing the stable functioning of the enterprise in understanding conditions European Economic Journal (1(3)). pp. 70-79. ISSN 2617-863X, 2617-8648

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Abstract

In the article the concept of uncertainty of the environment of the operation of the enterprise is considered, the essence and nature of threats and risks are investigated, the difference between risk and uncertainty is established. The system of risk management at the enterprise is investigated. It has been established that the risk management system is an integral part of the management subsystem of the organization and is a system of risk management based on the process of their identification, assessment and analysis, as well as the selection and use of methods of neutralizing their consequences, aimed at achieving the necessary balance between strategic enterprise capabilities and risk level. An analysis of international risk management standards was performed and peculiarities of national standards were considered. It is determined that the State Standard DSTU ISO 31000: 2018 operates in Ukraine, which enables an entity to com- pare its risk management practice with international experience. The main factors of the influence of risks on the management system are summarized. It is proved that the present requires continuous monitoring of risk factors for creating an effective and flexible enterprise management system in a market environment. The stages of risk management are presented and detailed: environmental analysis, risk identification, risk analysis, risk optimization. The features of risk management and the main methods of their optimization at the enterprise are considered in order to minimize their impact on the results of the enterprise. It is established that the risk for each enterprise is individual, therefore, the use of this or that method of optimization is also individual and is determined by the conditions of the external and internal environment. Worldwide experience most often uses external methods (insurance, hedging, diversification, risk sharing) and internal methods (self-insurance, limitation, quality assurance of manufactured products, business planning) reduce the risks of the enterprise. It is generalized that the effectiveness of all risk management and the effectiveness of the activities of economic entities depends to a large extent on the accepted concept of risk management.

Item Type: Article
Uncontrolled Keywords: uncertainty; risk; riskmanagement; internationalstandards; riskfactors; minimize risks.
Subjects: Статті у наукометричних базах > Index Copernicus
Articles in journals > Наукові (входять до інших наукометричних баз, крім перерахованих, мають ISSN, DOI, індекс цитування)
Divisions: Факультети > Факультет інформаційних технологій та управління > Кафедра фінансів та економіки
Depositing User: Sosnovska Ольга Александровна Сосновская
Date Deposited: 22 Nov 2019 08:10
Last Modified: 22 Nov 2019 08:10
URI: http://elibrary.kubg.edu.ua/id/eprint/28941

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