Open AccessWAYS TO MINIMIZE THE ORGANIZATION'S FINANCIAL RISKS
Author(s) -
Семина Лариса Анатольевна
Publication year - 2020
Publication title -
èkonomika, professiâ, biznes
Language(s) - English
Resource type - Journals
eISSN - 2414-5890
pISSN - 2413-8584
DOI - 10.14258/epb201990
Subject(s) - bankruptcy , business , revenue , profit (economics) , economic security , economic stability , task (project management) , welfare , risk management , finance , risk analysis (engineering) , economics , microeconomics , market economy , economic growth , management , keynesian economics
The specificity of the article is an attempt to establish the General principles of building a financial risk management system in an organization aimed at minimizing them. Market instability, inaccuracy and incompleteness of information about the conditions associated with the conduct of business and the implementation of planned decisions, leads to certain losses for the organization, and in some cases, to additional benefits. The impact of financial risks on the economic activities of modern organizations is multifaceted and can not only reduce revenue and profit indicators, but also lead to bankruptcy of the organization, weaken economic security. Based on the foregoing, we can confidently say that management and employees of the modern organizations face the task of timely identification of financial risks and minimization of their impact on the level of economic security organization, which, in turn, is expressed in this condition organization, which can be achieved fairly stable and high growth of its economic indicators, but also guarantee complete protection from external and internal threats that undermine the welfare and further development of the organization. In other words, economic security is aimed at ensuring the most efficient allocation of resources and creating stable conditions for the operation of production and profit.