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EFFECTIVE RISK MANAGEMENT SYSTEMS AT MANUFACTURING ENTERPRISES


Makhmudova Nodirakhon Jumaboy qizi
Former Associate Professor, MAHE
Abstract
Due to changes in market conditions and a drop in the rate of development of the domestic economy, industrial enterprises have to carry out entrepreneurial activities in the face of growing uncertainty of the situation and the volatility of the economic environment. In this connection, there is ambiguity and uncertainty in obtaining the expected final result, and, therefore, there is a risk, i.e. the danger of failure, unforeseen losses. Thus, modern conditions lead to the need to develop a new strategy for managing a manufacturing enterprise operating under risk conditions, to develop a methodology for analyzing and assessing risk, as well as procedures for making and implementing managerial decisions. To successfully manage risks, you need to be able to identify, analyze and predict them. The article discusses methodological approaches to drawing up a risk management system for industrial enterprises, approaches to assessing the risks of industrial enterprises. A general scheme of a risk management system for industrial enterprises is proposed in order to analyze and assess risk, and develop ways to reduce it in production management.
Keywords: risks of an industrial enterprise, efficiency of economic activity, classification signs of risks, risk assessment, methods of risk analysis, production management
Journal Name :
EPRA International Journal of Research & Development (IJRD)

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Published on : 2021-04-01

Vol : 6
Issue : 4
Month : April
Year : 2021
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