RISK MANAGEMENT IN THE SYSTEM OF ENSURING ECONOMIC SECURITY OF ORGANIZATIONS

Abstract

Task. Risk management, as an independent part of the science of «management», is actively studied by analysts and other researchers. The modern development of risk management is determined by the need for the practical implementation of optimal and effective procedures aimed at managing the risks of the organization. The problem is that risks directly affect the state of economic security of the enterprise, while the enterprise does not always have an understanding of «what risk management is, what is its connection with ensuring the economic security of the organization». The purpose of the study is to form such an understanding and clarify a number of existing statements in this area. Model. The author reveals the essence of the category «risk management» and conducts a study of the close connection with the concept of «economic security of an organization». Conclusions. Risk management seems to be an adaptation toolkit for enterprise risk management, including ensuring balanced and optimal business development in order to ensure a high level of economic security of the organization. Practical significance. Popularizing risk management in organizations as an effective tool in solving problems related to risk management will draw the attention of company management to the practical orientation of risk management procedures to ensure economic security and their effectiveness and efficiency in practice. Originality. The modern directions of development of risk management are clarified in order to ensure the economic security of the organization.