Abstract

Risk management or risk processing is one of the most popular areas in modern management science. There is a perfectly reasonable explanation for this. The current situation in the economy and socio-political sphere has no historical analogues: the complexity of problems, the level of uncertainty and risks are challenges that the business community has never faced. Under these conditions, not only commercial success, but also their very survival directly depends on the processing of risks that this or that enterprise uses. Modern business practices offer a fairly large range of solutions aimed at managing risks in a wide range of business activities. At the same time, the psychological aspects of working on a risky agenda often remain behind the scenes. At the same time, it is obvious that the readiness of the management core of the organization to responsibly and reasonably carry out risk processing very much depends on the likelihood of the overall success of its activities. This trend is especially clear for small and medium-sized businesses. For them, in the current conditions, the identification, assessment and management of risks becomes a key task, and the role of managers in this activity becomes absolutely decisive. As part of this study, the case of the company Business Circle LLC was considered. The main objectives of the study were to review the most critical risks for domestic business and approaches to risk management, which should be recognized as the most effective and successfully proven, to analyze the role of the managerial core in the risk management process, to identify key psychological aspects that affect the attitude towards risks, to develop recommendations for more effective risk management for companies belonging to the cluster of small and medium-sized businesses. The authors believe that the solutions that were developed and implemented at the object of study are quite universal and can increase the efficiency of risk processing at enterprises similar to Business Krug LLC in terms of scale of activity.

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