Strategic Planning of Risks on the Basis of Balanced Scorecard (BSC)
Journal Title: Бізнес Інформ - Year 2015, Vol 8, Issue 0
Abstract
The article is aimed to study the features of strategic risk management of enterprise in the context of primary identification, planning and monitoring. The main risk classifications were analyzed and then was proposed to divide them on the financial and the non-financial based on the principle of projections of a balanced scorecard. Definitions for the main types of financial risks have been suggested. The necessity of an integrated approach to risk management at the enterprises of the real sector of economy has been substantiated. The modern BSC-based concepts of risk planning were examined, with allocating their strengths and weaknesses, as well as the author's vision of the strategic risks planning on the basis of controlling has been submitted. Usage of BSCplus approach has been proposed, where the key indicator will be added value, calculated using the weighted average cost of capital (WACC). Expedience of considering the interest rate risk when planning a weighted average cost of capital of enterprise has been emphasized.
Authors and Affiliations
Yurii Skakalskyi
Keywords
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