Open AccessOPTIMIZATION OF THE RISK MANAGEMENT SYSTEM TO IMPROVE THE FINANCIAL STABILITY OF THE ENTERPRISE
Author(s) -
A. Nurtayeva,
M. Kayirgaliyeva,
A. Kabdeshova,
D. Babash
Publication year - 2021
Publication title -
statistika, učet i audit
Language(s) - English
Resource type - Journals
ISSN - 1563-2415
DOI - 10.51579/1563-2415.2021-2.15
Subject(s) - risk management , business , financial risk , financial risk management , enterprise risk management , risk analysis (engineering) , process (computing) , dynamism , financial management , it risk management , task (project management) , work (physics) , finance , economics , computer science , engineering , mechanical engineering , physics , management , quantum mechanics , operating system
The article discusses the risk management system, its optimization to improve the financial stability of the enterprise. The main task in the company's risk management activities is to systematically reduce them to the most acceptable level possible. The purpose of risk management is to ensure the financial stability and dynamism of the company's development, i.e., to optimize the risk of deviations from the financial development trend. Major tasks of the present stage of building the innovation model of the market economy in the conditions of integration of national economies into the global trading and economic space pose problems for the effective management of financial stability of economic entities, since the primary care is the formation of the competitive potential, the gross national income, the process of implementation of scientifictechnical development in new products. The article describes the process of risk management as a systematic work on risk identification, risk assessment, selection of risk management techniques, implementation of selected techniques, and evaluation of the results obtained.