RISK MANAGEMENT IN THE MANUFACTURING SECTOT OF THE ECONOMY
Authors:
1.
Voronezh State University of Forestry and Technologies named after G.F. Morozov
2.
Voronezh State University of Forestry and Technologies named after G.F. Morozov
3.
Voronezh State University of Forestry and Technologies named after G.F. Morozov
Voronezh, Voronezh, Russian Federation
Voronezh, Voronezh, Russian Federation
Type:
Сonference article
Published:
25.02.2022
Subject area:
UDK 338 Эк. положение. Эк. политика. Управление и планирование в эк-е. Производство. Услуги. Цены
Language:
Russian
Keywords:
Risk management, production sector, risk management, the concept of risk, potential risk, risk management strategy, risk reduction methods
Abstract (English):
In an unstable political and economic environment, risk management is one of the most pressing problems of domestic business. The processes of globalization are becoming another source of economic risks, so the use of the basics of risk management in the management of the manufacturing sector of the economy will contribute to the achievement of the goals and objectives of companies. Risk management is one of the key tools for improving the executive management program, which they can use to reduce operating costs and mitigate or prevent potential problems that could hinder the success of the business. Avoiding risks and reducing losses from their impact leads to sustainable development. This means that risk management is the process of identifying the losses that the company faces in its activities, and the extent of their impact on the choice of the most appropriate method of managing each individual type of risk.
In an unstable political and economic environment, risk management is one of the most pressing problems of domestic business. The processes of globalization are becoming another source of economic risks, so the use of the basics of risk management in the management of the manufacturing sector of the economy will contribute to the achievement of the goals and objectives of companies. Risk management is one of the key tools for improving the executive management program, which they can use to reduce operating costs and mitigate or prevent potential problems that could hinder the success of the business. Avoiding risks and reducing losses from their impact leads to sustainable development. This means that risk management is the process of identifying the losses that the company faces in its activities, and the extent of their impact on the choice of the most appropriate method of managing each individual type of risk.
Keywords:
Risk management, production sector, risk management, the concept of risk, potential risk, risk management strategy, risk reduction methods
Risk management, production sector, risk management, the concept of risk, potential risk, risk management strategy, risk reduction methods
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