Concept of the Organizational risk Management Square

Task. The development of organizations in the modern world goes through the most difficult stages of uncertainty, primarily in the external environment. The set of factors that require control and timely response on the part of the organization is constantly being supplemented with dangers for successful business. Scientific approaches to risk management make it possible to develop new knowledge about risks, in particular, to combine a number of economic categories into solving one problem. These categories are: organizational management system, economic security system, management and risk management, internal control. The problem is the lack of a unified concept of risk management, taking into account all areas of economic science listed above. Conclusions. The purpose of the study is to form a concept that squares each of the above categories. Model. Based on the study of fundamental management theories, the square of risk management is presented and the concept of combining the best methods and procedures, processes and measures that do not duplicate, but complement each other, is substantiated. The concept of the square allows you to highlight effective actions in each of its parts to achieve the strategic goal of the organization. Practical significance. The proposed and developed measures, actions on the part of the presented economic areas of science are of practical importance for increasing the efficiency of the organization in the conditions of a large set of negative factors in the internal and external environment of the company. Originality. The originality of the work lies in the formation of new knowledge about the actions of each direction associated with risk management in the form of a square concept.

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Publication Details

Journal
Economic problems and legal practice
Published
2024-09-05
DOI
https://doi.org/10.33693/2541-8025-2024-20-3-227-232
Citations
1
Primary Topic
Banking, Crisis Management, COVID-19 Impact
Type
article
Field-Weighted Citation Impact
1.34
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article

Concept of the Organizational risk Management Square

Aksana Turgaeva
1 citations
Economic problems and legal practice
Banking, Crisis Management, COVID-19 Impact
1.34
article

Concept of the Organizational risk Management Square

Aksana Turgaeva
article en
1 citations

Abstract

Task. The development of organizations in the modern world goes through the most difficult stages of uncertainty, primarily in the external environment. The set of factors that require control and timely response on the part of the organization is constantly being supplemented with dangers for successful business. Scientific approaches to risk management make it possible to develop new knowledge about risks, in particular, to combine a number of economic categories into solving one problem. These categories are: organizational management system, economic security system, management and risk management, internal control. The problem is the lack of a unified concept of risk management, taking into account all areas of economic science listed above. Conclusions. The purpose of the study is to form a concept that squares each of the above categories. Model. Based on the study of fundamental management theories, the square of risk management is presented and the concept of combining the best methods and procedures, processes and measures that do not duplicate, but complement each other, is substantiated. The concept of the square allows you to highlight effective actions in each of its parts to achieve the strategic goal of the organization. Practical significance. The proposed and developed measures, actions on the part of the presented economic areas of science are of practical importance for increasing the efficiency of the organization in the conditions of a large set of negative factors in the internal and external environment of the company. Originality. The originality of the work lies in the formation of new knowledge about the actions of each direction associated with risk management in the form of a square concept.

Economic problems and legal practiceVol. 20(3)
Financial University (RU)
Openalex Percentile: Top 13%
Banking, Crisis Management, COVID-19 Impact
1.34
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