https://doi.org/10.36719/XXXX-XXXX/2/19-21

Oktay Mammadli

Azerbaijan State Agrarian University

Master student

https://orcid.org/ 0009-0002-0917-7358

memmedovoktay93@gmail.com

Features of Formation of Risk-Management System in Enterprises

Abstract

At present, one of the most important aspects of the success of enterprises is the professional management of risks due to the formation of a risk management system. Risk management determines the ways and means of ensuring the stability of the enterprise, its ability to withstand adverse situations. The need to start developing and implementing risk management practices is mainly due to the fact that currently there are no real mechanisms for their financial support in crisis situations. On the other hand, risk management is a rather complex activity that requires significant costs of material and human resources. The lack of a common understanding of risk management leads to an unclear interpretation of the concept of "risk" itself and the diversity of its manifestations and the factors affecting its value, nature and content.

It should be noted that many authors understand the process of risk management aimed at reducing the degree of risk. The main goal of risk management is to determine ways to reduce it, given that time and resources are limited. Purposeful actions to limit and minimize risk in the system of economic relations are called risk management.

Keywords: risk, management, decision, strategy