An integrated approach to the study of the risks

V. O. Mosalygin ()

Entrepreneur’s Guide, 2020, vol. 13, issue 1

Abstract: This article is devoted to the problem faced by all companies entering a new market and wishing to make a profit under uncertain conditions of the market economy. Risk is the favorable or unfavorable deviation of an event from the intended result. Since adverse deviations can cause significant damage to the business, at present, the risk is given the greatest attention. Companies are actively creating special departments that are dedicated to the analysis and forecasting of market risks, which helps to prevent adverse consequences. Moreover, there are different approaches to risk management. However, it is important to understand that a systematic approach is important in risk analysis, therefore, all methods should be used together, not separately, this significantly increases the effectiveness of making the right strategic decisions.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ahc:journl:y:2020:id:1403

DOI: 10.24182/2073-9885-2020-13-1-38-44

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