ENTERPRISE RISK MANAGEMENT PROCESS

Abstract

The purpose of the article is to provide theoretical and methodological substantiation of the risk management process at an enterprise. Research methodology. Methodology of research. informational, logical generalization and scientific abstraction, structural analysis. Findings. Development of the most optimal risk management measures to reduce unplanned financial losses, strengthen and increase the competitiveness of enterprises. Development of methods for determining the degree of risk to which the enterprise is exposed in its activities. In other words, we need to know what risk is, how to assess its level and how to avoid losses that it can entail, how to manage risk and how to create and manage a corporate system of risks. Market operations with increased risk bring the greatest profit. However, everything requires moderation. The risk should be calculated at the maximum acceptable level. As you know, all market assessments are of a multifaceted nature. It is important not to be afraid of mistakes in your market activities, because no one is safe from them, and most importantly, not to repeat mistakes, constantly adjust the system of actions in terms of maximum profit. The main goal of management, especially in today's conditions, is to ensure that in the worst case, there could be only a certain decrease in profits, but in no case would the issue of bankruptcy arise. Therefore, special attention is paid to the continuous improvement of risk management - risk management. Relevance of the topic - generalization and analysis of risk management assessment models, study of the theoretical concept and methodology of risk management for use in practice. Effective management of a modern enterprise requires an integrated approach that takes into account all possible consequences and risks. Business risk management is one of the most important components of the business management process. The practical significance of the research results. Practical application of the proposed theoretical and methodological substantiations will increase the effectiveness of the risk management strategy at the enterprise. Thus, at each stage, different methods of risk management are used.