BUSINESS RISK MANAGEMENT

Abstract

Business risk is the exposure a company or organization has to factor (s) that will lower its profits or lead it to fail. Anything that threatens a company's ability to achieve its financial goals is considered a business risk. There are many factors that can converge to create business risk. The direction of studying the actual problems of risk management in business is the fact that the management system is constantly improving, depending on the changing conditions, the scale of production, the application of new techniques and technologies. This change requires not only the improvement of the organizational structure of management, but also the emergence of new management methods. The selection of organizational forms of risk management in business, which ensure better adaptation to such instability, and the set of principles, functions, methods, models, mechanisms and directions of management constitute the subject of research.