BUSINESS INFORM №12-2015

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Section: Economic Theory
UDC 338.24
Posokhov I. M., Zhadan Y. V.
Study on Existing Scientific Approaches to the Definition of Categories of «Risk», «Management», and «Risks Management» (p. 26 - 31)
Both emergence of operating risks in the economic activity of enterprises and high level of such risks are inherent for any economy, these also are specifically topical for Ukraine in terms of economic-political instability of environment as well as information uncertainty. The article studies the definitions of categories of «risk», «management», the views of scholars on the category of «risks management», provides the authors' definition of category of «risks management» as a totality of system-organizational arrangements to achieve the magnitude of risk within certain limits, as a multi-stage process (evaluation and analysis of enterprise risks, provision of resources, decision-making on the management of business risks, information support of decision-making, development of recommendations and mechanisms for reducing risks, implementation of the risk management system for industrial enterprises, monitoring of risks), economic aim of which is to reduce or compensate disbenefit for an object upon the occurrence of adverse events. In terms of technology, the risks management consists in the organization's activities, which should be focused on evaluation of the likelihood of risks and on minimizing losses as result of the risks' manifestations, i.e. avoidance, mitigation of risks impact on the performance of enterprise.
Keywords: risk, management, risks management, risk management system, risks of industrial enterprises
Tabl.: 4. Bibl.: 33.

Posokhov Igor M. – Doctor of Sciences (Economics), Professor, Professor, Department of Management of Innovative Entrepreneurship and International Economic Relations, National Technical University «Kharkiv Polytechnic Institute» (2 Kyrpychova Str., Kharkіv, 61002, Ukraine)
Email: [email protected]
Zhadan Yuliia V. – Postgraduate Student, Department of Management of Innovative Entrepreneurship and International Economic Relations, National Technical University «Kharkiv Polytechnic Institute» (2 Kyrpychova Str., Kharkіv, 61002, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Posokhov, Igor M., and Zhadan, Yuliia V. (2015) “Study on Existing Scientific Approaches to the Definition of Categories of «Risk», «Management», and «Risks Management».” Business Inform 12:26–31.

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