Corporate strategy of risk management in agribusiness
Journal Title: Agricultural and Resource Economics: International Scientific E-Journal - Year 2017, Vol 3, Issue 4
Abstract
The purpose of the article the creation of a corporate strategy for managing the whole set of economic risks, which involves the planning and execution of the following types of work: the choice of the head of the corporate risk management strategy and his team; creation of centers of responsibility for major types of risks; identification of priority areas of the main risks and the elements of their associated manifestations; combining homogeneous risks into groups; determination of the level of professionalism of managers and appointment of those responsible in accordance with the specifics of the manifestation of risks; conducting trainings with responsible executives of the corporate strategy; control of the implementation of the plan-instruction by each responsible center for risks, etc. The algorithm of construction of a risk management system as a complex model is also proposed. The development of theoretical issues and practical tools should take into account the sectoral features of the functioning of agribusiness enterprises.
Authors and Affiliations
Veronika Lysenko
Keywords
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