Abstract
In the modern world, the relevance of implementing risk management in an organization is undeniable. Effective risk management allows companies to minimize potential threats, ensuring sustainability and successful operation. The risk-based approach promotes informed decision-making, increases transparency of business processes and improves the financial stability of the organization. Risk management helps to prevent crisis situations, protect the company’s reputation and increase trust on the part of interested stakeholders. The implementation of a risk management system allows the organization to stay ahead of competitors, adapt to changing market conditions and ensure sustainable growth in the long term. In various industries, such as retail and industry, various methods of forming a risk management system are used, taking into account the specifics of the business. This includes analyzing financial flows, assessing operational risks, and developing strategies to respond to threats.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
