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Article . 2022 . Peer-reviewed
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RISK MANAGEMENT IN THE ENTERPRISE MANAGEMENT SYSTEM

РИЗИК-МЕНЕДЖМЕНТ У СИСТЕМІ УПРАВЛІННЯ ПІДПРИЄМСТВОМ
Authors: Hanna Tkachuk; Volodymyr Vyhovskyj; Victoria Renchkovskaya;

RISK MANAGEMENT IN THE ENTERPRISE MANAGEMENT SYSTEM

Abstract

The article considers the essence of the enterprise management system and identifies the main elements of this system, which include: enterprise strategy, personnel, business processes, standardization, controlling and risks. It is established that the control system has a control and managed system, describes the priority areas of management. It is proved that the modern business environment is characterized by risk trends caused by various factors, among which should be noted: legal, administrative and tax risks, inflation and quarantine restrictions caused by the consequences of COVID-19. This is the reason for the need to introduce risk management as a separate element in the overall management system of the enterprise. Particular attention is paid to the formulation of a general conceptual approach to risk management, which should be sustainable for all economic systems and focuses on a number of factors that distinguish the practice of domestic enterprises from Western ones that prevent domestic enterprises to fully implement the concept of risk management. own activities. Among such factors are highlighted in the first place: corruption of the government, the shadow economy, concealment of income, fictitious transactions, laundering of value added tax and more. The strategy and tactics of risk management at the enterprise are formulated, as well as the system of goals, such as: maximum preservation of own funds; minimizing the negative impact of internal and external factors; increasing financial stability and improving risk management mechanisms; increasing accountability to investors and counterparties. The stages of risk management in the risk management system of the enterprise are highlighted and a number of losses that enterprises will receive in the absence of a risk management system in the general enterprise management system are described. Among the main losses are: material, financial, time loss and special types of losses. A number of advantages are described that the company has an effectively established system of risk management: awareness of the nature of risks and the inevitability of their occurrence in the management process; reduction of the uncertainty factor in carrying out business activities; growth of business reputation of the enterprise; improving the quality of information for business decisions, etc.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
3
Top 10%
Average
Average
gold