Formation of the system of risk management in small and medium business

Kucheryavenko Svetlana A. and Stenyushkina Svetlana G.
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Kucheryavenko Svetlana A.: Belgorod State National Research University
Stenyushkina Svetlana G.: Belgorod State National Research University

Научный результат. Серия «Экономические исследования», 2016, vol. 2, issue 2 (8), 52-57

Abstract: In the conditions of the increased turbulence of external environment the risk management is a key aspect in activity of any organization functioning in market economy. It is connected with the fact that the risk factor arises in various fields of activity, and the timely identification, analysis and adoption of the relevant decision on a way of management of this or that risk allows the organization to avoid the crisis phenomena and by that is both the protective mechanism, and a factor of success of the company. In this regard, the question of the organization of activities of risk management in small and medium businesses becomes one of the most challenging and requiring special attention problem as they are especially involved in risky activity.

Keywords: RISK; RISK MANAGEMENT; CLASSIFICATION OF RISKS; MANAGEMENT; SMALL BUSINESS; MEDIUM BUSINESS (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:scn:032413:16864597

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