Scholarly record

SPECIFICITY OF SITUATIONAL MANAGEMENT OF THE LATENT RISKS OF THE ORGANIZATION

C. Liu, Y. Vertakova, O.Kryzhanovskaya

Abstract

In the science and practice of management, attention has been drawn to the problems of assessing and ensuring the effectiveness of managing organizations under the influence of risk factors. As evidenced by domestic and international experience, most managerial decisions are made in a risk environment, with a number of factors: uncertainties in the external and internal environment, elements of chance, lack of information, which causes the actual results to deviate from the planned ones. To level these deviations, the organization's risk management system must be oriented not only to managing the explicit, classified and thoroughly studied risks of the economic entity's activity in science and practice, but also to identify and minimize hidden, latent, latent risks that appear in the unaccounted for but anticipated Likely negative impact on the organization. Management of latent risks, in particular, impact on factors and causes of latent risks, is extremely important for management practices, since it allows a more qualitative and accurate assessment of the level of the organization's functioning, comparative analysis and monitoring of objects subject to latent risk, which allows making effective management decisions Strategic and operational nature. The purpose of the study is to develop theoretical-methodological, as well as practical recommendations in the field of situational management of latent risks of organizations. To achieve this goal, the following main tasks were formulated and solved: the reasons for the emergence of external and internal latent risks of the organization, systematized features of situational management of latent risks of the organization; The degree of impact of external and internal factors of latent risks on the objects of economic activity of the organization is estimated; Proposals on the development of tools for assessing the effectiveness of management strategic decisions to manage risk situations have been formulated. The study used a combination of logical-historical, statistical and sociological methods of studying the situational management of latent organization risks, general scientific methods of analysis, statistical and graphical methods, and methods of expert assessments. As a result of the study, objects of external and internal latent risk of the organization were identified. The authors developed a methodical approach to assessing the impact of external and internal factors of latent risks on the objects of economic activity of the organization, which is characterized by the use of expert statistical procedures for assessing latent risk, which allows not only quantifying latent risks, but also visualizing the results on latent risk maps, and Also scientifically substantiate the priority directions of the development of the organization, taking into account the minimization of the impact of these factors. In conclusion, the authors proposed a methodology for assessing the effectiveness of strategic management decisions on risk management, which allows to reduce the adverse effects of risk to the minimum acceptable level through the implementation of interrelated procedures for identification, measurement and handling of risk.

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