The Acceptable Level of Threats and Security Risks for the Development of Enterprises as the Initial Parameter of Definition of Bifurcation States

• Main Author: Mushnykova Svitlana A.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2020-01-01
• Series: Bìznes Inform
• Subjects: threats and risks; assessment of the level of risk; functional components of enterprise; safety of the enterprise’s development; bifurcation point; life cycle
• Online Access: https://www.business-inform.net/export_pdf/business-inform-2020-1_0-pages-230_236.pdf
• ISSN: 2222-4459; 2311-116X

The article is aimed at developing a methodical approach to determining the acceptable level of threats and risks in the activities of industrial enterprise as the initial parameters of bifurcation points. The article stipulates that the enterprise management system faces not only the issue of increasing the promptness of decision-making and finding new approaches to timely identification of the impact of risks on the main performance of enterprise, but also the issue of identifying the impact of possible risks on the evolution or revolution of either development, or degradation of the enterprise, as well as the transformation of these movements either in a certain order or in the chaos of functioning. In the course of research a methodical approach to risks management in the system of security of the enterprises’ development is proposed and an acceptable level of threats and risks in the activities of industrial enterprise as the initial point of bifurcation is defined. For the mechanism of forming alternative solutions regarding the acceptable level of threats and security risks of the enterprise’s development it is proposed to use the PDSA-cycle (Plan – Do – Study – Act = planning – implementation – study – reaction) consistently for each functional constituent of the enterprise’s activities, depending on the stages of its life cycle. Based on the selected list of possible threats to the enterprise’s activities and for each functional constituent, a model of integral assessment of the enterprise’s risk in the enterprise’s development security system and the probability of occurring risks with determining the range of their degree is proposed, which in the future will allow to determine the points of bifurcation in the system of management of the enterprise’s activities.