Abstract:

The problem of risk management is described rather amply in the international standards and professional literature. But at the same time, there is no specific methodology regarding the risk management in the activity of business organizations that could provide a specific tool for small and medium businesses based on interrelated methods, models and algorithms allowing to achieve specific results in risk-based management. Risk-based management collects data on the various factors in the management system (methods, instruments, measures) and provides an opportunity to move from empiricism in management to a specific scientifically justified implementation of management in the activities of business organizations. At the present time, there is no defined concept of risk-based management of business organizations. In relation to the study it is proposed to substantiate the necessity of development of this concept on the basis of defining categories of business organizations risk-based management under conditions of globalization of economic processes. The goal of the research is to justify the necessity to develop the concept of risk-based management of business organizations in order to make and to work out the effective management solutions to prevent the probability of risk.The goal of business organizations that plan to be stable should be the implementation of risk-based management capable to cope with the risks of different types, as well as to search for the most effective options to execute and to make managerial decisions, taking into account the level of risk for each type of threat.