Theoretical essence of risks, hazards and threats in the context of enterprise economic safety provision

Abstract

Subject, purpose of work. In the article it was conducted a theoretical generalization of the essence of concepts such as: risk, danger and threat of economic activity, as well as it was revealed their nature and interconnection was established. It is proved the possibility of ensuring the economic security of the enterprise on the basis of realization of the essence of risks, dangers and threats of enterprise economic activity. Method or methodology of work. In the course of the research there were used the following general scientific and specific methods and techniques of cognition such as induction and deduction, analysis and synthesis, and scientific abstraction. The result of work. It has been established that the competitive environment hides some uncertainty, which requires the enterprise to make economic decisions. Each economic decision, in its turn, is likely to endanger the risks which can lead to dangerous situations in the absence of influence on them. The risk may be justified, which ultimately gives the company new opportunities for development, and may be unjustifiable, which will contain a number of hazards that can threaten the enterprise. Thus, the provision of economic security is seen to mitigate the negative effects of factors that directly or indirectly influence the adoption of risky decisions in order to prevent the threats of the enterprise. Therefore, the threat is a form of danger that arises as a result of a risky economic decision. The approaches to the classification of threats of enterprise activity are summarized, which give an expanded view of the causes of their occurrence and management tools in order to avoid or mitigate negative consequences. The field of results application. The obtained results can be applied at formation, maintenance and increase of economic safety of the enterprise. Conclusions. The combination of approaches to understanding the essence of risks, threats and dangers underline once again the lack of consensus on the nature of these concepts. However, despite this fact, the following can be noted: the presence of risks, threats and dangers compels the enterprise to develop, learn, refine and sharpen its protective mechanisms in order to minimize the influence of these factors on economic activity. Classification of threats enables to identify the tools for managing them in the process of ensuring the economic security of the enterprise.