Tronin S.A., Riffa N.F. Building Classification and Systematization of Enterprise Risk in Today’s Economy
http://dx.doi.org/10.15688/jvolsu10.2014.2.3
Tronin Sergey Aleksandrovich
Candidate of Economic Sciences, Associate Professor, Department of Financial Management, Financial University under the Government of the Russian Federation
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Prosp. Leningradsky, 49, 125993 Moscow, Russian Federation
Riffa Nina Fedorovna
Candidate of Economic Sciences, Associate Professor, Department of Management, Volzhsky Institute of Economics, Pedagogy and Law
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Sovetskaya St., 6, 404111 Volzhsky, Russian Federation
Abstract. The article analyses the interconnection of economic risk of an enterprise and environmental risk, which can be defined as a function of the likelihood of environmental adverse events and the scale of its consequences. At first glance, these two concepts are completely different, but the positive feedback can actually be observed between them, i.e. the increase of ecological risk may result in increased economic risk. Conversely, increasing economic risk due to the incompetence of employees, equipment failure, excessive concentration of production, etc. leads to increased environmental risk.
It is also shown that creative management does not fully reflect the application of creativity principle in different systems and management tools. So, this principle is undoubtedly present in the concept of innovation management, which is aimed at improving the efficiency and reducing the risks of the organization's activities through the introduction of new technologies and new ideas. In this sense, the objective of management is to initiate the generation and application of these creative ideas in the organization on the basis of market analysis results.
Key words: business risks, financial risks, insurance risks, innovation risks, social and economic systems.
Building Classification and Systematization of Enterprise Risk in Today’s Economy by Tronin S.A., Riffa N.F. is licensed under a Creative Commons Attribution 4.0 International License.
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