Conceptual Issues of Creating Risk Management Systems for Industrial Enterprises

The article reveals the fundamental issues of creating risk management systems for industrial enterprises and provides a brief description of the main approaches to identifying risks and related goals and assessment methods. The aim of the study is to summarize modern foreign theoretical approaches to the creation of enterprise risk management system. Using the method of bibliographic analysis, an overview of modern main conceptual foreign approaches to understanding enterprise risks and risk management is given. The interrelation between risk reduction (elimination) activities and the types of risks undertaken is elucidated. Various applications of risk management systems within companies are presented, along with examples of the most common risk management systems employed by industrial enterprises and a synthesis of the experience in applying the most effective risk management methods. The conclusion emphasizes the necessity of meticulous risk identification and analysis in building corporate risk management systems. Moreover, the presented examples of successful risk management systems serve as valuable benchmarks for industry practitioners seeking to enhance their risk mitigation capabilities. Moving forward, continued research and refinement of risk management methodologies are essential for adapting to evolving business landscapes and ensuring the resilience of industrial enterprises in the face of uncertainty. Ultimately, proactive risk identification and analysis remain pivotal in fostering a culture of risk-awareness and resilience within organizational frameworks.