Abstract

The aim of this article. It is established that there is the lack of uniformity concerning the classification of industrial enterprises risks. It is analyzed the existing approaches to the classification of risks and it is singled out their advantages and disadvantages. The existing typology of industrial enterprises economic risks was supplemented with additional features, including internal and external risks according to the scope of display, according to the nature of emergence – objective and subjective with their further specification into subspecies, and that causes the new approach to the formation of risk classification system. The classification of industrial enterprises risks was improved. The results of the analysis. It was analyzed the existing approaches to the classification of risks, and it was singled out their advantages and disadvantages. The systematization of risks is based on the stages of the risk classification considering the principles of division and grouping, major functions, generalization, adjustment and addition the factors, main classified features, analysis of current approaches. The division of risks according to the scope of display, the nature of emergence and type of production activity into groups, types and subtypes causes the new approach to the formation of the risk classification system. An improved systematic approach to the risk classification reproduces the most likely risks of activities of industrial enterprise, that facilitates the timely usage of appropriate measures for reduction of their impact. A significant advantage of a systematic approach to the risk classification is the possibility of liquidation of features multiplicity, finding their rational place in the system of risks, affecting the activity of the enterprise. It was proposed to widen the risk classification by distinguishing the specific risks of industrial enterprises according to the classified feature “The sphere of interaction”, which allows to develop the reasonable management system of industrial enterprises risks in future. The authors believe that construction of the risk management system, first of all, should be aimed at minimizing the impact of internal risks of interaction. It was proposed the risks classification of innovative activity of industrial enterprises. It was developed the complex system of classification that enhances the effectiveness and promotes the reduction of the complexity of work concerning risk assessment, allows to respond quickly to the emergence of risks, using optimal measures for reduction their negative effects. Conclusions and perspectives for further research. The conducted researches provide for their further usage in developing of mechanisms for risk management of industrial enterprises and the continuation of theoretical researches on issues, dedicated to the creation and improvement of management methodology of economic risks of industrial enterprises.

Keywords: innovations, innovative activity, innovative risks, classification of risks, marketing risks, risk, principles, functions, factors, external, internal, objective and subjective risks

JEL Classification: D81, М21.

Cite as: Posokhov I. & Zhadan, U. (2016). The improvement of approaches to the classification of risks of industrial enterprises. Marketing and Management of Innovations, 4, 285-300. https://doi.org/10.21272/mmi.2016.4-24

This work is licensed under a Creative Commons Attribution 4.0 International License

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