Risk management in the economy, in order to increase the reliability of decisions

This article discusses the issues of forecasting and assessing economic risks. The modern management system is a complex and multifaceted process and in the current conditions, the management of enterprises is characterized by making managerial decisions as a reaction to emerging problems. The causes of problems can be diverse: this is a lack of information, and such a concept as" force majeure", and in other words-" the element of chance", when it is almost impossible to calculate and predict the consequences of making a decision. Unfair competition also contributes. However, risks can be managed using various tools and prevent the occurrence of critical consequences of poorly calculated, ill-considered management decisions, thus reducing the degree of risk. Research in this area shows that currently in the Russian Federation there is an extremely high percentage of small (and not only) companies leaving the markets, closing and bankruptcy of firms. Small and medium-sized businesses, as well as large businesses in our country, are constantly at risk. Thus, the process of developing, making and implementing management decisions is the implementation of objective laws inherent in this process.