RISK ASSESSMENT OF ENTERPRISES IN THE CONTEXT OF CIRCULAR ECONOMY VALUES
Abstract
The article demonstrates that assessing risk management in enterprises within the values of the circular economy is critically important for ensuring their sustainable development and effective operation. It is substantiated that, in the context of the circular economy, enterprises face new types of risks that require adequate assessment and management to minimize potential losses. It is argued that effective risk management allows enterprises to identify potential threats, assess their likelihood and impact, and develop strategies for their mitigation, providing a proactive approach to risk management. The integration of scenario analysis, adaptive management, and multifactor models into the risk assessment process enhances the accuracy and effectiveness of this process. This enables enterprises to quickly adapt to changing market conditions and the environment, which is a key competitive advantage. Continuous risk monitoring and adaptive correction of risk management strategies ensure the ability to respond promptly to new challenges and changes in the external environment. It is argued that implementing a risk management assessment system contributes to compliance with regulatory requirements and standards, which increases trust from investors, partners, and clients. This also helps optimize costs and improve resource efficiency, positively affecting the overall productivity of the enterprise. It is proven that developing a risk management culture within the organization creates favorable conditions for innovation and continuous improvement of processes, enhancing the overall resilience of the enterprise to external and internal challenges. It is substantiated that risk management assessment within the values of the circular economy is essential for ensuring the sustainable development of the enterprise, increasing its competitiveness and efficiency, complying with regulatory requirements, optimizing costs, enhancing productivity, and fostering a risk management culture within the organization. This allows enterprises to use resources effectively, minimize negative environmental impacts, and ensure long-term success in the modern dynamic business environment.
References
Зеркаль А.В. Корпоративна культура та комерційна свідомість персоналу – інноваційні напрями розвитку підприємств: монографія. Tallinn : Teadmus OÜ, 2022, 346 с.
Чайкіна А. Особливості інтеграції ризик-менеджменту в систему управління підприємством. Економіка та суспільство. 2022. № (39). DOI: https://doi.org/10.32782/2524-0072/2022-39-5
Кицак Т.Г. Вітчизняні реалії становлення корпоративної культури на підприємствах. Ефективна економіка. 2014. № 1. URL: http://www.economy.nayka.com.ua/?op=1&z=2810
Донець Л.І. Економічні ризики та методи їх вимірювання: навчальний посібник. Київ : Центр навч. літ., 2018. 312 с.
Івченко І.Ю. Моделювання економічних ризиків і ризикових ситуацій: навчальний посібник. Київ : Центр учбової літератури, 2017. 344 с.
Зоріна О.А. Методи аналізу фінансових ризиків. Проблеми теорії та методології бухгалтерського обліку контролю і аналізу. 2020. № 2(20). С. 221–229.
Крамчанінова М.Д., Вахлакова В.В. Пандемії як загрози нового типу для економічної безпеки в умовах глобалізації. Бізнес Інформ. 2020. № 11. C. 18–23.
Лук’янова В.В. Діагностика ризику діяльності підприємства : монографія. Хмельницький : В.В. Ковальський, 2017. 312 с.
Zerkalʹ A. V. (2022) Korporatyvna kulʹtura ta komertsiyna svidomistʹ personalu – innovatsiyni napryamy rozvytku pidpryyemstv [Corporate culture and commercial consciousness of personnel – innovative directions of enterprise development]: monohrafiya. Tallinn : Teadmus OÜ, p. 346. (in Ukrainian)
Chaykina A. (2022) Osoblyvosti intehratsiyi ryzyk-menedzhmentu v systemu upravlinnya pidpryyemstvom [Peculiarities of the integration of risk management into the enterprise management system]. Ekonomika ta suspilʹstvo, no. (39). DOI: https://doi.org/10.32782/2524-0072/2022-39-5 (in Ukrainian)
Kytsak T. H. (2014). Vitchyznyani realiyi stanovlennya korporatyvnoyi kulʹtury na pidpryyemstvakh [Domestic realities of the formation of corporate culture at enterprises]. Efektyvna ekonomika, no. 1 Available at: http://www.economy.nayka.com.ua/?op=1&z=2810 (in Ukrainian)
Donetsʹ L. I. (2018) Ekonomichni ryzyky ta metody yikh vymiryuvannya [Economic risks and methods of their measurement: study guide]: navchalʹnyy posibnyk. Kyiv : Tsentr navch. lit., p. 312. (in Ukrainian)
Ivchenko I. Yu. (2017). Modelyuvannya ekonomichnykh ryzykiv i ryzykovykh sytuatsiy [Modeling of economic risks and risk situations: study guide]: navchalʹnyy posibnyk. Kyiv: Tsentr uchbovoyi literatury, p. 344. (in Ukrainian)
Zorina O. A. (2020) Metody analizu finansovykh ryzykiv [Methods of financial risk analysis]. Problemy teoriyi ta metodolohiyi bukhhaltersʹkoho obliku kontrolyu i analizu, no. 2(20). pp. 221–229. (in Ukrainian)
Kramchaninova M. D., Vakhlakova V. V. (2020) Pandemiyi yak zahrozy novoho typu dlya ekonomichnoyi bezpeky v umovakh hlobalizatsiyi [Pandemics as a new type of threat to economic security in the conditions of globalization]. Biznes Inform, no. 11. pp. 18–23. (in Ukrainian)
Lukʺyanova V. V. (2017) Diahnostyka ryzyku diyalʹnosti pidpryyemstva [Risk diagnostics of the enterprise]: monohrafiya. Khmelʹnytsʹkyy: V. V. Kovalʹsʹkyy, p. 312. (in Ukrainian)
