Application of Event Thinking in Risk Management

Task. The article reveals the essence of the eventuality principle. The eventuality principle does not guarantee complete avoidance of risks, but allows the organization to be more prepared for possible events and minimize negative consequences. The application of this principle requires constant monitoring, adaptation and training. Events are presented as a management resource that must be understood how to use in risk management. The problem is the lack of a concept for applying the eventual approach to risk management. The subject of the study is a model of the eventuality approach to risk management of organizations. Model. A model of the eventuality approach to risk management of organizations has been formed. This work is built on the foundation of generally recognized scientific principles and works of both domestic and foreign scientists in the field of the eventuality approach. A set of general scientific methods of cognition was used as a research toolkit, including dialectical, complex and systemic approaches, as well as methods of scientific abstraction, comparative analysis, synthesis, modeling and decomposition. Conclusions. The eventual approach is an important component of an effective risk management system in organizations, allowing to prepare for various scenarios and minimize negative consequences. Practical value. The practical application of the eventual approach in risk management of organizations includes certain aspects related to the identification of potential events, assessment of probability and consequences, development of a response plan, monitoring and adaptation. Originality. Development of a model for the application of the eventual approach in risk management of organizations.

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Publication Details

Journal
Economic problems and legal practice
Published
2025-03-20
DOI
https://doi.org/10.33693/2541-8025-2025-21-1-241-245
Primary Topic
Regional Development and Management Studies
Type
article
Field-Weighted Citation Impact
0.00
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article

Application of Event Thinking in Risk Management

Aksana Turgaeva
Economic problems and legal practice
Regional Development and Management Studies
article

Application of Event Thinking in Risk Management

Aksana Turgaeva
article en

Abstract

Task. The article reveals the essence of the eventuality principle. The eventuality principle does not guarantee complete avoidance of risks, but allows the organization to be more prepared for possible events and minimize negative consequences. The application of this principle requires constant monitoring, adaptation and training. Events are presented as a management resource that must be understood how to use in risk management. The problem is the lack of a concept for applying the eventual approach to risk management. The subject of the study is a model of the eventuality approach to risk management of organizations. Model. A model of the eventuality approach to risk management of organizations has been formed. This work is built on the foundation of generally recognized scientific principles and works of both domestic and foreign scientists in the field of the eventuality approach. A set of general scientific methods of cognition was used as a research toolkit, including dialectical, complex and systemic approaches, as well as methods of scientific abstraction, comparative analysis, synthesis, modeling and decomposition. Conclusions. The eventual approach is an important component of an effective risk management system in organizations, allowing to prepare for various scenarios and minimize negative consequences. Practical value. The practical application of the eventual approach in risk management of organizations includes certain aspects related to the identification of potential events, assessment of probability and consequences, development of a response plan, monitoring and adaptation. Originality. Development of a model for the application of the eventual approach in risk management of organizations.

Economic problems and legal practiceVol. 21(1)
Financial University (RU)
Openalex Percentile: Top 92%
Regional Development and Management Studies
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