Scientific Bulletin of the Odessa National Economic University 2015, 12, 61-71
Open Access Article
Halich Maksym
student, Sumy National Agrarian University, E-mail:martunmaks@mail.ru
Mikhailov Andriy
PhD, docent of department of Management of Foreign Economic Activity and European Integration, Sumy National Agrarian University, E-mail:amykhaylov@mail.ru
Halich M., Mikhailov A., (2015) Theoretical foundations of risk and risk management. Ed.: М.D. Baldzhy (ed.-in-ch.) and others [Systema pensiinoho zabezpechennia Ukrainy ta yevrointehratsiini protsesy; za red.: М. D. Baldzhy (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 12(232), pp. 61-71.
This investigation focuses on the issues of uncertainty, risk and risk management. The theme of the article relevant today, as many enterprises in the process of its activities faced with risks and problems of uncertainty, which are inevitable conditions for effective management. The article describes the basic concepts of risk and risk management. The risk as a factor of uncertainty has been disclosed. In this work main approaches of decision making in risk management have been generalized. The main conditions of formation of uncertainty in the company and risk classification have been analyzed. The key tasks of risk management and their importance have been formed. Also presents the main groups of factors which are the cause of uncertainty of the result of entrepreneurial activity. The importance and basic methods of enterprise risk management in a time of uncertainty in the external environment have been examined.
uncertainty, risk, types of risks, risk management, enterprise, process, factor.
JEL classification: G32
UD classification: 330