Analytical-Instrumental Framework for Effective Risk Management of Enterprises
Journal Title: Бізнес Інформ - Year 2015, Vol 3, Issue 0
Abstract
The article examines the analytical and instrumental framework for effective risk management of enterprises. It has been determined that by enterprise's risk management in terms of the analytical-instrumental framework should be understood the systematic implementation of the managerial actions to determine the degree of derating from the long-awaited result, which can be calculated according to analytical-instrumental principles, allowing, on the basis of selected analytical-instrumental technology, to ground, take over, fulfill, and to monitor the situation on implementation of the preventive measures of various kinds in order to compare the results of the economic activity of enterprise with the appropriate risk level. It has been concluded that the enterprise's risk management is influenced by a number of factors, which either fully or partially depend on the enterprise itself or can be independent. The latter factors can be attributable to the conditions of economic management activity, crisis state of the economy, tax and credit policy of Ukraine, insufficient effective demand, low level of financial market. The factors that depend on the enterprise, accounting of which involves its ability to maintain the pace of operational mode according to the pivotal financial and economic indicators, are the subject of risk management in terms of the analytical-instrumental framework.
Authors and Affiliations
Galyna Cherepnia
Keywords
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