Organization of risk management system at the enterprise

Authors

  • Kateryna Semenova Odessa National Economics University, Ukraine
  • Krystyna Tarasova Odessa National Economics University, Ukraine

DOI:

https://doi.org/10.33987/vsed.3(58).2015.221-227

Keywords:

enterprise, entrepreneurial activity, risk, risk management, risk management system, strategy, tactics, profit, losses

Abstract

According to the results of the research the essence of the definition of risk category, as a unity of three parties – risk as a phenomenon, a risk of the enterprise as a whole and risk of the sphere of activity of the enterprise, is established. The concept of risk management in entrepreneurial activity as a system of targeted measures aimed at identifying and assessing the extent of the totality of risks that affect the activities of the company in order to develop mechanisms to counteract their possible negative effects is determined. Seven basic principles on which we must rely in the process of organization of the risk management system at the enterprise are identified. The essence of strategy and tactics of risk management are examined. Functions of risk management are found out. Organization scheme of system of the risk management at the enterprise is improved.

Author Biographies

Kateryna Semenova, Odessa National Economics University

PhD in Economics, Associate Professor, Department of Statistics

Krystyna Tarasova, Odessa National Economics University

PhD in Economics, lecturer, Department of Statistics

References

Lukianova, V. V. (2008), «Theoretical aspects of business management under conditions of uncertainty» [Teoretychni aspekty upravlinnia pidpryiemstvom v umovakh nevyznachenosti], Bulletin of Khmelnytsky National University, Economics Series, No. 6, Vol. 1, pp. 105–108 (ukr)

Vitlinskyi, V. V., Velykoivanenko, H. I. (2004), Risks studying in economics and entrepreneurship [Ryzykolohiia v ekonomitsi ta pidpryiemnytstvi], KNEU, Kyiv, 480 p. (ukr)

Donets, L. I. (2006), Economic risks and methods of their measurement [Ekonomichni ryzyky ta metody yikh vymiriuvannia], Center of educational literature, Kyiv, 312 p. (ukr)

Baldzhy, M. D., Karpov, V. A., Kovalyov, A. I. (2013), Justification of business decisions and risk assessment [Obhruntuvannia hospodarskykh rishen ta otsinka ryzykiv], ONEU, Odessa, 312 p. (ukr)

Tepman, L. N. (2002), Risks in the economy. Ed. by V. A. Shvandar [Riski v ekonomike], YUNITI-DANA, Moscow, 380 p. (rus)

Kravchenko, V. A. (2008), «Business risk management program: content and stages of development» [Prohrama upravlinnia pidpryiemnytskymy ryzykamy: zmist i etapy rozrobky], Institute of Economics and Management: electronic scientific specialized edition, No. 1, available at: http://www.nbuv.gov.ua/e-journals/PSPE/2008-1/Kravchenko_108 (ukr)

Starostina, A. O., Kravchenko, V. A. (2004), Risk management: theory and practice [Ryzyk-menedzhment: teoriia ta praktyka], Publisher «Polytechnic», Kyiv, 200 p. (ukr)

Semenova, K. D., Tarasova, K. I. (2013), «Identification and risk assessment as part of ensuring the competitiveness of enterprises» [Vyiavlennia ta otsinka ryzykiv yak element zabezpechennia konkurentospromozhnosti pidpryiemstva], Competitiveness: assessment of the level and areas of improvement: monograph. Ed. by O. G. Yankovyi [Konkurentospromozhnist pidpryiemstva: otsinka rivnia ta napriamy pidvyshchennia: monohrafiia; za red. O. G. Yankovoho], Atlant, Odessa, pp. 105–108 (ukr)

Published

2015-10-27

Issue

Section

ECONOMICS AND ENTERPRISES MANAGEMENT