The management of business risk in justifying economic decisions
The meaning of risk as an economic category, causes (the connection between the concepts of «risk» and «uncertainty») and its functions were examined in the article. The analysis and assessment methods of risks in agriculture were investigated. Organizational and economic methods for reducing risks...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Zhytomyr State Technological University
2015-03-01
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| Series: | Vìsnik Žitomirsʹkogo Deržavnogo Tehnologìčnogo Unìversitetu: Ekonomìčnì Nauki |
| Subjects: | |
| Online Access: | http://ven.ztu.edu.ua/article/view/50173 |
| Summary: | The meaning of risk as an economic category, causes (the connection between the concepts of «risk» and «uncertainty») and its functions were examined in the article. The analysis and assessment methods of risks in agriculture were investigated. Organizational and economic methods for reducing risks to ensure minimal damage to its economic activity, the recommended basic principles which must be followed when choosing a management strategy in a particular situation, from which developed a number of activities for minimizing the risk: risk prevention; acceptance of risk; risk sharing. Organizational and economic methods risks reducing are ensurance minimal damage to its business activities, recommendations of basic principles which must be followed when choosing a management strategy . |
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| ISSN: | 1728-4236 1728-4236 |