FEATURES OF RISK MANAGEMENT IN A SMALL ENTERPRISE

Author(s): Konoplina Y.S.

Rubric: Management

DOI: 10.21777/2587-554X-2025-2-106-114

Release: 2025-2 (53)

Pages: 106-114

Keywords: risk management, risk ranking, small enterprise, risks of internal and external environment, entrepreneurship, strategic mistakes, mergers and acquisitions

Annotation: The most important criteria for choosing risk management methods in a small enterprise were identified, namely low cost and relatively not high complexity. Possible strategic mistakes in risk management at a small enterprise are characterized. The problem of limited access to information and the ability to process the information re- ceived in a small enterprise is highlighted. It is proposed to select the division of all risks of a small enterprise into risks of the internal environment and risks of the external environment as a basis for risk management at a small enterprise. Risks of the internal environment of a small enterprise are characterized as more accessible for forecasting, making it possible to influence the probability of its implementation and the magnitude of its consequences. It is justified the necessity of primary concentration of small enterprise efforts on managing exactly internal, rather than external environment risks. The most important parameters of small enterprise risks rank- ing were identified with giving priority to the magnitude of risk consequences rather than to the risk probability. The features of managing small enterprise external environment risks are characterized taking into account monitoring of counterparties and transactions accompanying, as well as protection against unfair competition. The recommendations for small enterprises risk management are justified.

Bibliography: Konoplina Y.S. FEATURES OF RISK MANAGEMENT IN A SMALL ENTERPRISE // Economics and Management. – 2025. – № 2 (53). – С. 106-114. doi: 10.21777/2587-554X-2025-2-106-114