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Corporate strategy of risk management in agribusiness

Journal: Agricultural and Resource Economics: International Scientific E-Journal (Vol.3, No. 4)

Publication Date:

Authors : ;

Page : 97-108

Keywords : strategy; corporate governance; risk; agribusiness; efficiency.;

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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.

Last modified: 2019-04-25 00:17:54