Actual problems of innovative economy and law

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Theoretical and methodological foundations of risk management in the implementation of monitoring and control-ling systems at agricultural enterprises

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УДК: 338.43:65.011.56

DOI: https://doi.org/10.36887/2524-0455-2024-5-14

Nosach Natalia Mykhailivna,
doctoral student,
Institute of Animal Husbandry of the National Academy of Agrarian Sciences of Ukraine,
https://orcid.org/0000-0002-6784-9768

This article is dedicated to studying the theoretical and methodological foundations of risk management in implementing monitoring and controlling systems at agricultural enterprises. The research aims to develop theoretical and methodological foundations for risk management at agricultural enterprises when implementing monitoring and controlling systems, which will allow reducing uncertainty, increase the effectiveness of management decisions, reduce costs, and enhance the competitiveness of enterprises in the context of globalization and market instability. The article discusses the significance of monitoring and controlling as key management tools for agricultural enterprises operating in a dynamic market environment. The research presents the concept of integrating these tools into the management system of agricultural enterprises to improve their efficiency and reduce risks. It is revealed that monitoring and controlling allow enterprises to respond quickly to changes, reduce risks, and optimize resources to achieve strategic goals. Data collection and processing methods are analyzed, including primary and secondary analysis, which ensure the relevance and accuracy of information for management decision-making. The study proposes a methodological approach to risk management within the framework of implementing monitoring and controlling systems, which is an important element in ensuring the effectiveness of agricultural enterprises in modern conditions. This approach includes several stages, starting with risk identification, such as natural disasters, market fluctuations, legislative and regulatory policy changes, and socio-economic factors that can significantly impact the stability of enterprises. Implementing monitoring and controlling systems allows the detection of risks and the timely response to them. By automating monitoring processes, enterprises can quickly obtain information about changes, enabling rapid adaptation of strategies and preventing negative consequences. The proposed approach also facilitates the formation of a risk management strategy, including developing measures to minimize or transfer risks and identifying opportunities for enterprise diversification. The developed methodological approach ensures flexibility and adaptability of management processes, which is critically important for ensuring the stability and growth of agricultural enterprises in the face of constant change. This allows agricultural enterprises to react to risks and proactively manage them, creating conditions for more sustainable and profitable business operations.

Keywords: risk management, monitoring, controlling, risk identification, management adaptability.

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The article was received 10.08.2024

Quote article, APA style

Nosach N. M.10.08.2024. Theoretical and methodological foundations of risk management in the implementation of monitoring and control-ling systems at agricultural enterprises. Actual problems of innovative economy and law. 2024. №5. 69-74 pp. https://doi.org/10.36887/2524-0455-2024-5-14

Quote article, MLA style

Nosach N. M. Theoretical and methodological foundations of risk management in the implementation of monitoring and control-ling systems at agricultural enterprises. Actual problems of innovative economy and law. 10.08.2024. https://doi.org/10.36887/2524-0455-2024-5-14