10. Lyubov’ A. Zirchenko

Development of Risk Management in Modern Entrepreneurship

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Lyubov’ A. Zirchenko

Applicant of scientific degree of Baltic academy of tourism and business

Petrozavodskaya Str. 13/A, St. Petersburg, Russian Federation, 197110

Aim. The present study aims to identify and classify the prerequisites for the development of risk management and to determine trends in the elaboration of the managerial decisionmaking process aimed at improving the efficiency of business structures.
Tasks. The authors provide a critical overview of various scientific approaches to defining the essence of the modern entrepreneurial risk and the nature of its effect on the development of business structures. Analytical tools are used to propose a modification to the existing provisions of risk monitoring with the purpose of reducing their negative impact on the functioning and development of business structures.
Methods. This study uses general scientific methods of cognition.
Results. The study substantiates the need for a specialized professional approach to entrepreneurial risk management. This involves using conventional and new management tools, including monitoring of economic and noneconomic risks and integration of business structures and the government in the development of economic entities, improving their image and reputation.
Conclusion. Under the effects of globalization as well as modern technological and scientific development, the importance of managerial activities in the field of risk management objectively grows at all stages of production. This involves complex work on reconsidering the basic foundations of risk management, from the implemented functions to the emergence of new professions dealing with risk. Keywords: business environment, risks, risk management, image, reputation, monitoring, efficiency of managerial decisions, development

Citation: Zirchenko L. A. Razvitie funktsii upravleniya riskami v sovremennom predprinimatel’stve [Development of Risk Management in Modern Entrepreneurship]. Ekonomika i Upravlenie, 2018, no. 7 (153), pp. 73–77.

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