RISK MANAGEMENT AS AN INTEGRAL PART OF CORPORATE MANAGEMENT SYSTEM

Abstract

The problem of business risk management is a key activity of the industrial enterprises. Firstly, due to the fact that the degree of exposure to risks has a determining impact on the level of profitability of financial operations of any enterprise. Second, financial risks are the main form of generating direct threat not only to the loss of a stable position of the enterprise, but also bankruptcy, as the losses associated with these risks are most tangible. Thirdly, the need to increase innovative activity of enterprises in the development and implementation of new products and technologies, the use of venture capital forms of financing increases the risk of the business environment. Monitoring of risks contributes to the further involvement of staff at all levels in risk management, which increases financial sustainability, efficiency of development of the company, growth of its capitalization, economic stability and competitiveness, the attractiveness for investments. Analysis of the effectiveness of the risk management system implies the consideration of operational risks in complex and not Autonomous for the areas of business processes. When you use disparate methods for analyzing and managing individual types of risks need to be taken into account the interdependence (correlation) between individual risk factors and the dependence between them. Mechanical summation of the funds required to cover each risk separately, and fragmented management leads to a distortion of the real situation of the company and eventually to a significant reduction of the performance indicators of the company, inhibits the growth of its market capitalization and other key economic indicators, on which basis we can conclude about its economic efficiency, investment attractiveness, etc.

Keywords

• інноваційний менеджмент
• ризик-менеджмент
• ризик-фактори
• фінансові ризики
• інтегральний підхід до управління ризиками