RISK MANAGEMENT AS AN INTEGRAL PART OF CORPORATE MANAGEMENT SYSTEM
Journal Title: Ринкова економіка: сучасна теорія і практика управління - Year 2015, Vol 14, Issue 2
Abstract
The problem of business risk management is a key activity of the industrial enterprises. Firstly, due to the fact that the degree of exposure to risks has a determining impact on the level of profitability of financial operations of any enterprise. Second, financial risks are the main form of generating direct threat not only to the loss of a stable position of the enterprise, but also bankruptcy, as the losses associated with these risks are most tangible. Thirdly, the need to increase innovative activity of enterprises in the development and implementation of new products and technologies, the use of venture capital forms of financing increases the risk of the business environment. Monitoring of risks contributes to the further involvement of staff at all levels in risk management, which increases financial sustainability, efficiency of development of the company, growth of its capitalization, economic stability and competitiveness, the attractiveness for investments. Analysis of the effectiveness of the risk management system implies the consideration of operational risks in complex and not Autonomous for the areas of business processes. When you use disparate methods for analyzing and managing individual types of risks need to be taken into account the interdependence (correlation) between individual risk factors and the dependence between them. Mechanical summation of the funds required to cover each risk separately, and fragmented management leads to a distortion of the real situation of the company and eventually to a significant reduction of the performance indicators of the company, inhibits the growth of its market capitalization and other key economic indicators, on which basis we can conclude about its economic efficiency, investment attractiveness, etc.
Authors and Affiliations
G. A. Smirnova
Keywords
Related Articles
- EP ID EP426687
- DOI -
- Views 119
- Downloads 0
INNOVATIVE THINKING AS A FACTOR OF DEVELOPING PROFESSIONAL MANAGEMENT SYSTEM
The conceptual bases of development of innovative thinking and its influence on the professional management system are considered in the article. The main features of innovative thinking in the management system are dete...
LEGAL INTERPRETATION OF LEGAL NORMS AND LAW ENFORCEMENT
This article is devoted to the problem of improvement of the legal norms and law enforcement interpretation. The author revealed an interesting methodology of the legal texts’ hermeneutical analysis. The article substant...
THE FEATURES OF UKRAINIAN ECONOMIC TRANSFORMATION
The features of Ukrainian economic transformation are examined on the mod¬ern stage of its development, problems which arise up in the process of transforma¬tion are investigated, and directions of socio-economic develop...
INSTRUMENTAL SUPPORT FOR THE ORGANIZATIONAL STRUCTURE OF THE TOTAL SCIENTIFIC AND TECHNOLOGICAL COLLECTIVE FORMATION
The article deals with the questions of the instrumental support for the construc¬tion of the organizational structure of the target scientific and technological team of the industrial enterprise. The factors that influe...
INNOVATIVE MODEL OF UKRAINIAN AGRICULTURAL SECTOR’S DEVELOPMENT
Main goal of conducted research is to propose the innovative model of Ukrainian agricultural sector’s development. In the paper the analysis of investment, innovation and intellectual elements of Ukrainian agricultural m...