Monitoring and evaluation of risks of foreign economic activity of the enterprise
Journal Title: Економіка. Фінанси. Право - Year 2019, Vol 5, Issue
Abstract
Realization of foreign economic activity of a production enterprise is associated with many risks. These risks have different degrees of influence on the activities of the enterprise, to avoid them, use such a tool as monitoring the foreign economic activity of the manufacturing enterprise. In this article the concept of risk monitoring and its features is considered in view of foreign economic activity of the enterprise. The concept of risk assessment for foreign economic activity and stages of its conduct at the enterprise are also considered. The risk should be calculated to the maximum allowable level, determining the value of which in itself represents one of the most difficult tasks. Therefore, in this article we have considered the main options for monitoring the risks in the foreign economic activity of the enterprise. The concept of risk monitoring shows the need for its introduction into the enterprise to identify the weaknesses in the conduct of foreign economic activity of the enterprise. Due to the factor method of monitoring the risks of the foreign economic activity of a production enterprise, it is possible to determine a system of criteria for systematic monitoring of changes in these indicators. Also in the article was considered the factor monitoring method and its features regarding the manufacturing enterprise, which conducts foreign economic activity. Identify the main factors that influence the successful conduct of the company's activities in the international market. The stages of estimation of risks of foreign economic activity of a production enterprise are considered. The assessment for risk assessment covers five stages, one of which is a quantitative analysis. He will show with the help of calculations the extent of the impact of risk on the enterprise. It is the most difficult, since it is not always possible to estimate the value of the factors in a quantitative expression. There were identified five main stages of evaluation, which resulted in the adoption of a management decision on the elimination or minimization of risks that affect the conduct of foreign economic activity.
Authors and Affiliations
Oksana Mykhailivna Kravchenko, Anna Ruslanivna Arkushenko, Tetiana Viktorivna Bukoros
Keywords
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