FORMATION OF RISK-MANAGEMENT PROCESS ON ENTERPRISE

Main Article Content

I. V. Fedulova

Abstract

Introduction. According to the ISO standard, the purpose of risk management is to provide maximum stability in all types of company activities. Entrepreneurial activity is closely linked to the notion of risk. For a successful existence in a market economy, an entrepreneur must decide on the introduction of technical innovations and bold, non-trivial actions, which increases the risk. Therefore, it is necessary to properly assess the degree of risk and be able to manage it in order to achieve more effective results in the market.

Purpose. The purpose of the article is to identify the essence, the main tasks and stages of the risk management process, which are the basis of the process of identification, analysis, assessment and treatment of hazardous events and their consequences in the enterprise, as well as monitoring of risks in the organization.

Methods. In the process of research, methods of analysis and synthesis of scientific information were used.

Results. In the article theoretical approaches to determining the nature of risk of the main state of its consideration of a business enterprise are used. The basic elements of risk identification and their sequence in the analysis, including: symptoms, causes, events and consequences are shown. Also the content of the risk management, the nature of its stages, their characteristics and the basic provisions of the formation process of risk management in the enterprise are concretisezed. The list of major tasks necessary for the implementation of risk management for individual stages of development in the enterprise is considered.

Originality. Differences between risk management and crisis management. Defined scheme of risk management in the enterprise is determined. The main components of risk management, including: risk identification; analysis of the impact of risk; planning responses to the risks; weakening risk monitoring and internal control risk management are shown. Factors that influence the perception of a risk situation are found out. Risk Management Plan as one of the leading risk management instruments, which revealed details of the content and approach adopted in dealing with the risks involved and identifies resources and management components, is examinated.

Conclusion. Risk management depends on the effective process of interaction between the participants in risk management. The process of risk management is carried out both in the internal and external environment of entrepreneurship, therefore it is necessary to interact with internal and external participants of this process. In order to ensure full risk management, it is first and foremost important to establish effective interactions within the organization.

Such a process requires the adoption of a balanced solution, namely, a clear definition of the economic feasibility of reducing the risk and achieving the planned results. The ultimate goal of risk management corresponds to the objective function of entrepreneurship, which is to obtain the greatest profit at the optimal, acceptable for the entrepreneur ratio of profit and risk.

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References

Mohour V., Bogdanov O., Kruk O., Turcan V. The attempt of localization ISO GUIDE 73:2009 «RISK MANAGEMENT – VOCABULARY». Ukrainian Scientific Journal of Information Security, 2 (18), 12-22.

ISO / IEC 31010:2009 Risk management – Risk assessment techniques [Electronic resource]. - Access mode: – http://www.iso.org/iso/ru/catalogue_detail?csnumber=51073.

ISO 31000:2009 Risk Management - Principles and Guidelines (2009). [Electronic resource]. - Access mode: http://www.pqm-online.com/assets/files/standards/iso_31000-2009(r).pdf

Prybyliv I. Business in pictures [Electronic resource]. - Access mode: pribylov.ni /bip/index.html