Kryvovyazyuk, I.
(2023).
Management of business risks of wholesale companies.
Economic Forum,
13(2),
81-90.
https://doi.org/10.36910/6775-2308-8559-2023-2-12
Received 09.02.2023, Revised 05.04.2023, Accepted 23.05.2023
This article describes the peculiarities of the formation and modeling of the enterprise risk management system in modern conditions. The main purpose of the research is further development of theoretical and methodical principles and development of practical recommendations aimed at improvement of management of business risks of wholesale enterprises. The critical analysis of literature sources and approaches to solving problems of enterprise risk management testifies to the lack of attention of scientists of the present-day to the investigated problem in the sphere of activity of enterprises of wholesale trade. The urgency of this problem is caused by the existing losses of wholesale companies due to imperfect management as a result of the influence of various business risks. The methodological basis of the research is the system of methods used to obtain the final results: theoretical generalization, scientific abstraction and comparison – to deepen the essence of the concept of “business risk”; analysis and synthesis, grouping – for classification of business risks in the sphere of wholesale trade; methods of analysis, synthesis and logical generalization – to obtain conclusions during determination of the state and problems of realization of business activity in the sphere of wholesale trade of enterprises of Ukraine; systematic approach – for improvement of system of management of business risks of enterprises of wholesale trade on the basis of commercial values. The object of the research is the business risk in the wholesale trade environment. In the article the further development of the risk-based apparatus has been made, the negative consequences of the impact of business risks on the activities of the wholesale trade enterprises have been clarified, the enterprise risk management system of the enterprises has been built, which will reflect an integrated approach to its realization, practical recommendations on the formation of a model of management of business risks of the wholesale trade enterprises on the basis of commercial values. The results of the survey can be useful for business structures, which are focused on improving the management of business risks
business risk; business risk management system; business risk management model; wholesale trade; enterprise
[1] Varaksina, O., & Kruhova, A. (2021). The essence of entrepreneurial risk in the economic activity of the enterprise. Economy and Society, 24. doi: 10.32782/2524-0072/2021-24-35.
[2] Voloshyna-Sidei, V.V. (2021). Analysis of risk assessment as a tool for sustainable development of entrepreneurship in the context of global challenges and the corona crisis. Pryazovsky Economic Bulletin, 2(25), 72-76. doi: 10.32840/2522-4263/2021-2-13.
[3] Hontareva, I.V. (2021). Entrepreneurship. Kharkiv: KhNU im. V.N. Karazina.
[4] State Statistic Service of Ukraine. (2022a). Wholesale and retail turnover of wholesale and retail trade enterprises in 2021. Retrieved from http://www.ukrstat.gov.ua.
[5] State Statistic Service of Ukraine. (2022b). The structure of wholesale turnover of wholesale trade enterprises. Retrieved from http://www.ukrstat.gov.ua.
[6] Idobaieva, A.L. (2021). The essence and risks in the activity of industrial enterprises. Investments: Practice and Experience, 1, 71-76. doi: 10.32702/2306-6814.2021.1.71.
[7] Kalach, H.M., & Panchenko, R.S. (2021). Optimization of the risk management system of enterprise activity. In Fundamental and applied research in the modern world: Abstracts of VI international scientific and practical conference. Boston, USA.
[8] Kovalska, L.L., & Kryvoviaziuk, I.V. (2018). Entrepreneurship and trade. Kyiv: Publishing House "Kondor".
[9] Kovtunenko, Yu.V., Levynska, K.O., & Mambetov, Yu.V. (2018). Risk management in the system of ensuring financial and economic security of a wholesale trade enterprise. In Entrepreneurial model of economy and management of enterprise development: Abstracts of the 1st International scientific and practical conference. Zhytomyr: Zhytomyr State Polytechnic University.
[10] Kostyk, Ye.P. (2021). The concept and essence of risk in entrepreneurial activity and ways of reducing it. In Actual trends of modern scientific research. Abstracts of the 8th International scientific and practical conference. Munich: MDPC Publishing.
[11] Kryvoviaziuk, I.V., Smerichevskyi, S.F., & Kulyk, Yu.M. (2018). Risk management of the logistics system of machine-building enterprises. Publishing House "Kondor".
[12] Kryvoviaziuk, I.V., & Referda, Ya.V. (2022). Risk management of business activity of wholesale trade enterprises on the basis of commercial values. In The latest problems of modern science and practice. Proceedings of the I International scientific and practical conference. Boston, USA. doi: 10.46299/ISG.2022.I.I.
[13] Kryvoviaziuk, I.B. (2022). Risk management system of entrepreneurial activity in the field of wholesale trade. In Entrepreneurship and trade: Development trends: Proceedings of the 5th International scientific and practical conference. Odesa: Odesa State Polytechnic University.
[14] Kryvoviaziuk, I.B. (2022). State and problems of implementation of entrepreneurial activity in the sphere of wholesale trade of Ukraine. In Multidisciplinary academic notes. Science research and practice. Proceedings of the the IV International scientific and practical conference. Madrid, Spain. doi: 10.46299/ISG.2022.1.15.
[15] Kuchmieiev, O.O. (2021). Methodological principles of risk management of wholesale trade enterprises. In Science and education: Problems, prospects and innovations. Abstracts of the 5th International scientific and practical conference. Kyoto: CPN Publishing Group.
[16] Lys, K.B., & Dziurakh, Yu.M. (2018). Risk as an element of entrepreneurial activity and methods of its minimisation. In Management of economic processes at the macro- and micro-level: problems and prospects for solution: Materials of the III international science practice. Internet conference of young scientists. Lviv: Publishing House of Lviv National Polytechnic University.
[17] Mykhalchuk, A.V., & Verbytska, K.S. (2015). Entrepreneurial risk: Functions, methods of assessment and ways of reducing risk. Bulletin of Zhdt: Economy, Management and Administration, 2(72), 162-168. doi: 10.26642/jen-2015-2(72)-162-168.
[18] Nazarenko, K.M., & Sysolina, N.P. (2018). Risks in business activities. Kropyvnytsky: TsNTU.
[19] DSTU 4303:2004. (2005). Retail and wholesale trade. Terms and definitions of concepts. Retrieved from https://dnaop.com/html/61145/doc-%D0%94%D0%A1%D0%A2%D0%A3_4303_2004.
[20] Stravinska, K. (2019). Entrepreneurial risk: Causes, consequences and management. In Natural and humanitarian sciences. Current issues: Materials of II scientific and technical conference. Ternopil: TNTU.
[21] Strelbytska, N.Ie., & Bondar, D.I. (2011). Integrated risk management - a modern approach to risk management. Project Management and Production Development, 4(40), 111-118.
[22] Chupryna, I.V. (2012). The concept and classification of risks in business activity. Collection of Scientific Works of VNAU. Serie: Economic Sciences, 4, 187-193.
[23] ISO (2019). IЕС 31010:2019. (2020). Risk management – risk assessment techniques. Switzerland: ISO. Retrieved from https://www.iso.org/ru/standard/72140.html.
