Formation of the Risk Management Process in a Company

Taranukha Yelena N. () and Ivanchuk Svetlana I.
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Taranukha Yelena N.: National Transport University
Ivanchuk Svetlana I.: National Transport University

Business Inform, 2013, issue 3, 278_281

Abstract: The article analyses the process of risk management, considers stages of risk management in detail, generalises theoretical and methodical aspects of company' risk management. It substantiates urgency of application of a mechanism, which would allow taking into account risks and minimise losses using a rational method, in a company. It offers to define risk management as a process of influence on the object of economic activity, which ensures the widest possible range of coverage of possible risks. Risk management allows undertaking preventive measures on minimisation of risks soundly considering it when making managerial decisions and reducing the level of revealed risks to minimum limits.

Keywords: risk-management; management; managerial risk; managerial decision (search for similar items in EconPapers)
Date: 2013
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