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Risk Management as a Factor of Sustainable Development of Enterprise

In: Overcoming Uncertainty of Institutional Environment as a Tool of Global Crisis Management

Author

Listed:
  • Nadezhda A. Serebryakova

    (Voronezh State University of Engineering Technologies)

  • Tatiana A. Volkova

    (Voronezh Branch of G.V. Plekhanov RUE)

  • Svetlana A. Volkova

    (Voronezh State Technical University)

Abstract

This chapter deals with the issues of interconnection between sustainable development of enterprise and the applied system of risk management. The content of sustainable development of enterprise is viewed, a proprietary definition is given, and main conditions for its achievement are determined. A logical scheme, which reflects the main stages of formation of the system of sustainable development, is given. The necessity for development of the system of risk management for the purpose of provision of sustainable development of enterprise is substantiated. Based on the performed research, a concept of preemptive risk management is offered which allows determining the probability of their manifestation and the level of influence and taking appropriate measures. Tools for evaluation of risks of sustainability of functioning and development of enterprise and of their management are given. The list of the viewed methods will allow compiling an action plan for minimization of unfavorable influences and increase of enterprise’s sustainability. It is concluded that sustainable development and stable state of economic subjects in modern conditions are determined by their capability for timely reaction to change of conditions of environment of functioning.

Suggested Citation

  • Nadezhda A. Serebryakova & Tatiana A. Volkova & Svetlana A. Volkova, 2017. "Risk Management as a Factor of Sustainable Development of Enterprise," Contributions to Economics, in: Elena G. Popkova (ed.), Overcoming Uncertainty of Institutional Environment as a Tool of Global Crisis Management, pages 159-166, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-60696-5_19
    DOI: 10.1007/978-3-319-60696-5_19
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    Cited by:

    1. Sytnik Inessa & Stopochkin Artem & Janusz Wielki, 2019. "Analysis of Macroeconomic Factors Affecting the Investment Potential of an Enterprise," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 140-167.

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