ENTERPRISE’S RISKS AND THEIR MANAGEMENT UNDER CURRENT ECONOMIC CONDITIONS

Abstract

At the current stage, an increasing num- ber of economic entities are exposed to various risks, both internal and external. The operating conditions for enterprises in recent years have changed significantly compared to previous years due to multiple causes: political, social, global, etc., which have created unpredictable or at least difficult-to-anticipate conditions, forcing entrepreneurs to seek new markets, new ways of operating, new business partners, or even to reprofile their activities. The issue of studying and managing enterprise risks is important because it allows them to take certain measures to prevent, limit, or avoid risk. In many cases, risks enable enterprises to understand their vulnerabilities and strengths, and the timely identification of risks for economic agents aiming to make a profit allows for more efficient operations.

Keywords

• risk
• risk management
• risk assessment
• types of risks
• enterprise.