Current trends in corporate risk management in the system for ensuring the economic sustainability of industrial enterprises

The results of research of risk management trends in the system for ensuring the economic sustainability of industrial enterprises have been presented in the article. The purpose of the study was to identify and analyse trends in corporate risk management of industrial enterprises. The study solved the following tasks: clarified the concepts of risk management and the main risks of the enterprise; determined the composition of corporate risks; disclosed the sources of risks that affect the economic stability of an industrial enterprise; investigated modern methodology of strategic corporate risk management. The necessity of identifying, assessing and determining priorities among risks with the further application of methods for their minimization, monitoring and control of risk events has been substantiated. The trends in corporate risk management in the field of intangible risk management have been analysed.

As a result of the study, the author proposed the main elements of the risk management planning process, including: managing operational risks of an industrial enterprise that cannot be planned in advance; management of financial risks arising from the impact of various markets on the assets of an industrial enterprise; strategic risk management or longterm planning of the industrial enterprise. Measures to reduce the risk in industrial enterprises have been developed: abandonment of business processes with the highest risks; optimization, minimization and / or reduction of risks; transfer of risks to outsourcing or insurance; taking risks and creating a backup plan of action in the event of a risk event at an industrial enterprise. The revealed current trends in corporate risk management in the system for ensuring the economic sustainability of industrial enterprises have been summarized and systematized, including: achieving a balance between the realization of opportunities for making profit and minimizing losses; implementation of risk management practices based on GOST R ISO 31000-2019; application of relevant risk management strategies; development ofbusiness processes with adequate means to control and contain risks; audit of risks and timely adjustment of measures to reduce them; risk outsourcing to an external agency; risk avoidance; accounting for risk management of intangible assets.

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