SYSTEMATIC APPROACH TO THE ASSESSMENT OF FINANCIAL RISKS DURING STRATEGIC MANAGEMENT
Abstract
The article examines the theoretical aspects of managing financial risks of enterprises and provides practical approaches to developing a strategy for managing financial risks. To assess financial risks and classify them using a systematic approach. The classification of business risks has been established. A methodical approach to assessing financial risks has been proposed, whereby the system for assessing financial risks consists of subsystems, components and elements. The financial risk assessment system has three subsystems: a subsystem of clear methods for assessing financial risk, a subsystem of complex methods for assessing financial risk and a resulting subsystem for assessing financial risk directly from business activities. Systematic monitoring of the financial risk management strategy made it possible to establish a method for assessing the profit spent in an investment project. This methodology includes the following stages: researching methods for assessing the financial risk of investment activity of an enterprise; establishment of economic and statistical methods for assessing the financial risk of investment activity of an enterprise; establishment of expert methods for assessing the level of financial risk of an investment project; distribution of the profit spent on the investment project. The mechanism for managing the financial risks of an enterprise has been developed as an integrated financial system, which has a complex of elements designed to regulate risks in the entire sphere of activity of government entities ta. The structure of the mechanism is divided into: information security mechanism; submechanism for monitoring risk management; sub-mechanism for modeling risk management; submechanism of praise decision. A detailed procedure for developing a financial risk management strategy is given. The procedure for formulating a strategy for managing the financial risks of an enterprise has been established. It is stated that when managing a risk, it is necessary to embrace Galuzev’s affiliation with the enterprise and establish a comprehensive strategic approach, which can consist of the following stages: identification of risk factors; development of approaches to risk management; organization of the risk management structure.
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