METHODOLOGY OF STRATEGIC RISK MANAGEMENT IN THE BUSINESS STRUCTURE MANAGEMENT SYSTEM

Abstract

This article explores the essence and significance of strategic risk management (SRM) as an integral component of modern management systems within contemporary business organizations. The study highlights the fundamental distinctions between SRM and traditional operational or financial risk management, emphasizing that SRM transcends mere risk mitigation to become a proactive, forward-looking tool. This tool is crucial for fostering sustainable development, ensuring long-term organizational resilience, and securing a competitive advantage in today’s increasingly turbulent and complex business environment.
This research systematically outlines the core principles, objectives, and rationale for implementing strategic risk management. A comprehensive logical-structural framework is proposed to illustrate the interconnectedness of the essential elements of the SRM methodology. These elements include goal setting aligned with long-term strategic priorities, comprehensive risk identification, thorough risk assessment, the development of tailored response strategies, and continuous feedback and monitoring mechanisms. Special emphasis is placed on the need for the ongoing methodological refinement of SRM components, ensuring that each element functions effectively within the broader enterprise management system.
Furthermore, the paper underscores the imperative for business organizations to move beyond reactive, fragmented approaches to risk management. It advocates for adopting adaptive and dynamic procedures that enable enterprises to anticipate and respond to emerging challenges, thereby facilitating strategic transformation and sustainable growth. Integrating SRM into corporate governance frameworks enhances strategic decision-making and fosters an organizational culture grounded in resilience, heightened risk awareness, and strategic foresight.
Ultimately, the article argues that a well-developed and systematically implemented SRM methodology not only aids in risk containment but also serves as a catalyst for innovation and the identification of new business opportunities. This approach positions SRM as a vital driver of organizational success and sustainability amid volatile, uncertain, complex, and ambiguous (VUCA) business conditions.