Enterprise Risk Management in an Uncertain Environment

Abstract

Purpose: The issue of enterprise risk management in an uncertain environment is a priority for the corporate sector to ensure liquidity and value of financial assets and operations in the selected market segment. Theoretical framework: The problem of enterprise risk management is to find an effective practice of using risk management systems that can minimize and prevent potential risks both internally and externally. Method: The article aims to analyze enterprise risk management and outline the key means of ensuring the stability of commercial activities with possible optimization of the work of functional units. An important area of the study is the identification of modern practical risk management tools and means of optimizing corporate activities in the context of global economic instability. Results and conclusion: The results of the study indicate the characteristic practices and comprehensive means of enterprise risk management to ensure its microeconomic stability. The prospects for risk management as a tool for ensuring it, as analyzed in the study, are constantly evolving and changing due to the emergence of innovative information technologies, which are one of the key tools for forecasting, modeling, and analyzing enterprise activities. Search implications: Attention is paid to the issue of the current economic environment and the quality of financial resource allocation in an unstable global economic situation. Originality/value: The obtained results of the study can be used by corporate institutions to improve their risk management policies and contribute to the stable operation of the enterprise even in the face of global uncertainty in the environment.

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