Implementation of the enterprise risk management system

In an era of economic and financial crisis, risk management is the most urgent problem facing Russian manufacturers. Globalization processes are becoming another source of economic risks, so using the basics of risk management in management will help to achieve the goals and objectives of enterprises, although, of course, it will not reduce the probability of various types of risks to zero. The introduction of a risk management system in enterprises makes it possible: identify possible risks at all stages of activity; to predict, to compare and analyse emerging risks; develop the necessary management strategy and decision-making complex to minimize and eliminate risks; create the conditions necessary for the implementation of the developed measures; monitor the operation of the risk management system;analyze and monitor the results obtained. The features of risk management include: the need for the company’s management to have advanced thinking, intuition and foresight of the situation; the ability to formalize the risk management system; the ability to quickly respond and identify ways to improve the operation of the enterprise, reducing the probability of an undesirable course of events...