Year: 2024 | Month: | Volume 69 |
Methods of Financial Risk Management in Enterprises
Olha Bielan
Iryna Zahreba
Maksym Ochkas
Iryna Kantsir
Andrii Zelenskyi
DOI:10.46852/0424-2513.4.2024.19
Abstract:
In today’s world, it is essential to research the financial strategies of each enterprise as the business landscape becomes increasingly complex and risky. Enterprises face constant changes in economic conditions, regulatory requirements, and consumer needs. Therefore, selecting and implementing financial strategies involves analysing innovative risk management methods, optimizing financial resources, and developing effective pricing and marketing strategies. Researching various aspects of this
process can help to understand market peculiarities and implement innovative approaches to financial management. This can ensure the stability and competitiveness of enterprises. The aim of this article is to analyse contemporary financial risk management methods in enterprises to determine their effectiveness and potential for ensuring financial stability and successful business operations. The study involved the analysis of literature sources, comparative analysis, generalization and systematization methods
to identify various aspects of financial risks and their management. The study results indicate that the implementation of innovative financial risk management techniques, such as quantum computing and blockchain technologies, enables enterprises to analyse, predict and manage risks effectively, ensuring sustainability and competitiveness. Using both traditional and innovative approaches to financial risk management can help businesses establish a strong foundation for achieving strategic goals in an uncertain
and competitive environment.
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