Actual problems of innovative economy and law

Journal "Actual problems of innovative economy and law" is included in category B for specialties: in the field of knowledge "Management and administration": 073, 076 (order of the Ministry of Education and Science of Ukraine dated 23.08.2023 No. 1035) and 071, 072, 075 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543); in the field of knowledge "Social and behavioral sciences" 051 (order of the Ministry of Education and Science of Ukraine dated August 23, 2023 No. 1035); in the field of knowledge "Law" - 081 and "Public management and administration" - 281 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543).
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Functions of strategic risk management of agri-food enterprises

# 16 80-84 Download/view the full text of the article

УДК: 330.131.7:334.316

DOI: https://doi.org/10.36887/2524-0455-2024-6-16

Holovko Bohdan,
Researcher of the Department of Economics, Management and Transfer of Innovations in Livestock Farming,
Livestock Farming Institute of National Academy of Agrarian Sciences of Ukraine,
https://orcid.org/0009-0004-1414-8150
Bunieiev Ivan,
Researcher of the Department of Economics, Management and Transfer of Innovations in Livestock Farming,
Livestock Farming Institute of National Academy of Agrarian Sciences of Ukraine,
https://orcid.org/0009-0001-8390-7948

The article is devoted to the justification of the functions of strategic risk management of agri-food enterprises and the definition of modern risk analysis models. It has been established that strategic risk management is an integral part of the effective functioning of agri-food enterprises since this industry has a high level of dependence on natural, climatic, economic, and market factors. Successful risk management allows enterprises to minimize threats and find new opportunities for development, which contributes to increasing their competitiveness and financial stability. It is proved that the main functions of strategic risk management – predictive, diagnostic, preventive, protective, adaptive, and control – are closely interconnected and provide a comprehensive approach to identifying, analyzing, and minimizing risks. Modern risk analysis and assessment methods, such as statistical analysis, scenario modeling, SWOT analysis, environmental monitoring, and digital technologies, allow enterprises to respond to challenges and make informed management decisions effectively. It was found that innovative approaches to risk management are of particular importance in the current conditions of globalization and climate change, including digitalization, insurance mechanisms, diversification of production, and the introduction of environmentally sustainable technologies. State support and international experience are important in ensuring effective risk management. Thus, strategic risk management in the agri-food sector is necessary for achieving sustainable development, increasing the efficiency of enterprises, and ensuring the country’s food security. Using an integrated approach to risk management makes it possible to reduce potential threats, adapt to a changing environment, and ensure the long-term success of enterprises in modern conditions.

Keywords: agri-food sector, efficiency, threats, enterprise, risks, development, sustainability, strategic management, functions.

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The article was received 25.11.2024

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Holovko Bohdan, Bunieiev Ivan. 25.11.2024. Functions of strategic risk management of agri-food enterprises. The journal "Actual problems of innovative economy and law". 2024 / #6. 80-84pp. https://doi.org/10.36887/2524-0455-2024-6-16

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Holovko Bohdan, Bunieiev Ivan. "Functions of strategic risk management of agri-food enterprises". The journal "Actual problems of innovative economy and law". 25.11.2024. https://doi.org/10.36887/2524-0455-2024-6-16

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