IDENTIFICATION, CONSEQUENCES AND TOOLS FOR MITIGATING STRATEGIC RISKS IN THE BUSINESS PLANNING PROCESS OF ENTERPRISE DEVELOPMENT
DOI:
https://doi.org/10.31891/mdes/2022-5-13Keywords:
business planning, preparatory stage, strategic risks, identification, effects, leveling toolsAbstract
The study revealed the relevance of the problem of identifying the composition, assessing the consequences and forming a toolkit for leveling strategic risks and threats to the implementation of an entrepreneurial project of enterprise development during the development of a corresponding business plan.
The purpose of the study is to improve the methodological support for the development of a business plan for the development of the enterprise by determining the set of strategic risks of the development of the enterprise and their grouping using the author's methodical approach, the development of a three-level system of the consequences of the occurrence of strategic risks, as well as the formation of a set of strategic risk management tools.
The typology of strategic risks of large enterprises, on the one hand, and small and medium-sized enterprises, on the other hand, was carried out according to the level of influence of the component and type of risks. The corresponding risks are presented in the form of a matrix.
The scientific novelty of the research results lies in the fact that a hierarchy of the consequences of implementing strategic risks for the financial and economic activity of the enterprise has been developed. The distribution of risks within the relevant matrix is not carried out randomly, not using the expert survey method, but based on the calculation of dispersion coefficients.
The applied value of the research results is that the main elements of strategic risk management of enterprises are determined. It is shown that this is a process that combines goal setting taking into account available resources and limitations of the market situation, the choice of management methods and tools and maintaining the balance between the benefits of risk reduction and the necessary costs for technical, organizational and financial levers. Establishing management system goals, quantitative analysis, and development of a set of management solutions to minimize strategic risks and threats are defined as constituent elements during business planning. The strategic risk management model of the enterprise is a complex system that is under the influence of changes in the conditions of the external and internal environment.
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