Methods for Business Risk Management

The article is devoted to the current topic of modernity – risk management from the position of an entrepreneur. An integral component of professional risk management is the definition of the essence of the object of management in the field of economics. The main methods used in practice to assess business risks are considered. Special attention is paid to the analysis of such methods as comparison, observation, quantitative method, generalization method. The authors emphasize the special importance of choosing the appropriate method for each specific situation. It is concluded that the most accurate method is based on the analysis of competitiveness and strategic vision of the company.

Authors

Publication Details

Journal
Trudy Universiteta
Published
2024-09-30
DOI
https://doi.org/10.52209/1609-1825_2024_3_337
Primary Topic
Risk Management in Financial Firms
Type
article
Field-Weighted Citation Impact
0.00
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article

Methods for Business Risk Management

Rysty SADYKOVA, Zaure AUYEZOVA, Gulnara UTARBAYEVA, Yergali ABENOV et al.
Trudy Universiteta
Risk Management in Financial Firms
article

Methods for Business Risk Management

Rysty SADYKOVA, Zaure AUYEZOVA, Gulnara UTARBAYEVA, Yergali ABENOV, Zhumagul TAZHIBAYEVA
article en

Abstract

The article is devoted to the current topic of modernity – risk management from the position of an entrepreneur. An integral component of professional risk management is the definition of the essence of the object of management in the field of economics. The main methods used in practice to assess business risks are considered. Special attention is paid to the analysis of such methods as comparison, observation, quantitative method, generalization method. The authors emphasize the special importance of choosing the appropriate method for each specific situation. It is concluded that the most accurate method is based on the analysis of competitiveness and strategic vision of the company.

Trudy UniversitetaVol. 3(96)
Openalex Percentile: Top 65%
Risk Management in Financial Firms
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