RISK MANGEMENT FRAMEWORKS IN INDUSTRIAL COMPANIES

Аннотация:

The article explores different concepts in risk management, such as risk minimization, acceptable risk levels, and the idea of risk as a resource. It primarily focuses on approaches to managing production and economic risks, highlighting key systemic elements of risk and their influence on decision-making processes. The benefits of effective risk management are also addressed. The article underscores the significance of employing an active risk management strategy to achieve long-term objectives.