Cluster Enterprise Comprehensive Risk Assessment: Methodology Based on the Functional-Target Approach

Yulia Vertakova, Irina Izmalkova and Evgeniy Leontyev
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Yulia Vertakova: Scientific and Methodological Center, Voronezh State University of Forestry and Technologies Named after G. F. Morozov, 8 Timiryazeva Street, 394087 Voronezh, Russia
Irina Izmalkova: Lipetsk Branch, Financial University under the Government of the Russian Federation, 12B Internatsionalnaya Street, 398050 Lipetsk, Russia
Evgeniy Leontyev: Department of the Technical and Socio-Economic Profile Specialties, Kursk State Agricultural Academy Named after I. I. Ivanov, 70 Karl Marx Street, 305021 Kursk, Russia

JRFM, 2022, vol. 15, issue 1, 1-15

Abstract: The effectiveness of the unification of enterprises in the cluster is also associated with high uncertainty and risks. Thus, the development of theoretical approaches and methodological instruments for efficient risk management of enterprises under the conditions of cluster association is an urgent scientific task. The methodology of a comprehensive risk assessment of the cluster enterprise is based on the use of the approach for building a functional-target model of a cluster enterprise, and is reduced to the search for a response to the question: can an event change the value of a providing indicator in such a way that this will lead to a deterioration in the resulting indicator in each enterprise subsystem? Based on the results of forecasting external risks, it was established that the group of state and global risks, in particular, political, territorial and financial, is characterized by significant threats for the next 5 years for the studied cluster enterprises. We proposed and tested a methodology for a comprehensive assessment of the risks of cluster enterprises, based on a functional-target approach, according to which a cluster enterprise as a socio-economic system is considered as a set of three basic subsystems: management, production and financial and economic.

Keywords: methodology; risks; assessment; risk management; cluster; enterprise (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2022
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