EVOLUTION OF ENTERPRISE RISK MANAGEMENT UNDER CURRENT CONDITIONS OF ECONOMIC DEVELOPMENT: FROM FRAGMENTED TO INTEGRATED

Basing on the analysis of the stages in formation and evolution of risk management we prove here that in the practice of management risk management transition from fragmented to integrated is associated with the objective processes of sharp increase in manifestation of nonlinear (synergistic) nature...

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Bibliographic Details
Published in:Aktualʹni problemy ekonomiky 2016-01 (178), p.23
Main Authors: Kozak, Ludmila S, Danchuk, Maria V
Format: Article
Language:English
Subjects:
Economic development
Enterprise risk management
Integrated approach
Stochastic models
Studies
Online Access:Get full text
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Summary:Basing on the analysis of the stages in formation and evolution of risk management we prove here that in the practice of management risk management transition from fragmented to integrated is associated with the objective processes of sharp increase in manifestation of nonlinear (synergistic) nature of social and economic development of the society. As part of the model developed by the authors there were identified and grounded the key principles and directions in formation of integrated enterprise risk management strategy such as: integration, continuity, advanced and proactive nature of management based on the systemic synergistic approach that takes into account nonlinearity and stochasticity of contemporary economic processes.
ISSN:1993-6788