The Features of Introduction of Risk Management in Ukrainian Enterprises

• Main Authors: Chaikina Alina O., Kolidub Kateryna M.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2017-11-01
• Series: Bìznes Inform
• Subjects: management; enterprise; risk management; personality of manager; European standards
• Online Access: http://www.business-inform.net/export_pdf/business-inform-2017-11_0-pages-454_459.pdf

The article defines key features of introduction of risk-management at the Ukrainian enterprises taking into consideration personal characteristics of managers and identifying the main risks that impact entrepreneurial activity. It has been proved that the essence of entrepreneurial activity is reduced to adequate perception of risk by the entrepreneur and to the ability to prevent its occurrence. The authors suggest their own approach to definition of the essence of entrepreneurial risk. In the article, risk management is considered as a system of enterprise management, providing for timely detection (proactive action) and adequate response to the occurrence of risks in the entrepreneurial activity (protective action), the purpose of which is to ensure the seamless operation of the enterprise and its continuous development. The algorithm of implementation of risk-management at enterprise has been developed. The «Top-10 risks of 2017» has been analyzed and it has been concluded that for the Ukrainian enterprises the most significant for today are: changes in the legislation; raising the level of taxes, fees and costs of communal payments; unskilled personnel; loss of the consumer as result of actions of competitors; raider attacks; ATO.