RISK MANAGEMENT OF THE ENTERPRISE
Journal Title: Проблеми системного підходу в економіці - Year 2017, Vol 6, Issue 62
Abstract
In the process of activity, there are constant difficulties, and each manager seeks to solve these problems as quickly and qualitatively as possible, that is, manage possible risks in the company. In the work, different definitions of risks of industrial activity of the enterprise, which do not contradict among themselves and supplement each other, expanding the maintenance, are investigated. The very essence of risk manifests itself in the functions that are performed: protective, stimulating, and socio-economic. For the purpose of more effective risk management, various classification signs of production risks are investigated. The article specifies that risk management is an activity, which purpose is to reduce or compensate for damage to an object in the case of adverse events and to identify possible ways to confront situations and ensure sustainability. The object of risk management is the conduct of economic activity in the conditions of uncertainty and the relations arising between business entities in the process of liquidation or the implementation of risk. The process of risk management is the desire to protect the enterprise from such circumstances that could become a threat to its functioning. The purpose of such management is to identify, analyse, and influence all such threats (risks) that arise in the way of organization’s activities, as well as develop plans to increase the value of its assets. That is why management should conduct a high-quality policy in the field of market analysis and forecast possible scenarios for the development of events. Integrated risk management allows taking into account internal and external factors in the work of the organization, determining ways and methods of ensuring the sustainability of the enterprise, its ability to withstand unfavourable situations in a competitive environment. The risk management system should contain a program for monitoring the fulfilment of assigned tasks, an evaluation of the effectiveness of ongoing activities, as well as a system of incentives at all levels of the organization.
Authors and Affiliations
O. V. Mykhailenko, S. M. Nikolaenko, O. O. Nasikanova
Keywords
Related Articles
- EP ID EP634863
- DOI -
- Views 133
- Downloads 0
SOCIAL EFFECTS OF ECONOMIC CRISIS IN UKRAINE
Problems and negative trends of satisfaction of common public and socially necessary needs of the Ukrainian population during the economic crisis, that affects the reproduction of the organizational and economic basis of...
THE IMPACT OF GLOBALIZATION ON THE ECONOMIC DEVELOPMENT OF AZERBAIJAN
The globalization of the world economy is an objective development trend. One of the main threats of globalization is caused by the fact that its benefits will be unevenly distributed. International cooperation is turnin...
THE DIALECTICAL ESSENCE OF THE CONCEPT “EFFECTIVE DEVELOPMENT”
The purpose of this article is to generate a essence of the concept of “effective development” through the analysis of different approaches and opinions, which reflects its main characteristics and will take into account...
FEATURES OF CATERING IN THE ORGANIZATION OF MOBILE RESTAURANT SERVICES
With the development of the latest technologies in the hospitality industry, catering services are gradually becoming widespread in the organization and holding of festive events, banquets, during which the cooking and s...
CHARACTERISTICS AND ANALYSIS OF DEVELOPMENT OF LOW-COST AIRLINES IN UKRAINE
In Ukraine, civil aviation is a strategically important sector of the economy. Civil aviation is also one of the main elements of integration into the modern system of international economic and social interconnections....