Article 21416

Title of the article

 COMPANY’S RISK MANAGEMENT CULTURE FORMATION AND DEVELOPMENT 

Authors

Rozhkova Lilia Valeryevna, Doctor of sociological sciences, professor, sub-department economics and international relations, Penza State University (40 Krasnaya street, Penza, Russia), mamaeva_lv@mail.ru
Salnikova Olga Vladimirovna, Senior lecturer, sub-department economics and international relations, Penza State University (40 Krasnaya street, Penza, Russia), sova_newm@mail.ru

Index UDK

338.2

DOI

10.21685/2072-3016-2016-4-21

Abstract

Background. The problem of risk management culture of companies is an important component of the risk management system, its core, however, management in modern organizations often doesn't pay due attention to development in this direction. At the same time, in conditions of uncertainty and social and economic instability it is a competently-built risks management system that helps to make effective administrative decisions which, eventually, lead to achievement of long-term strategic objectives. The relevance of this problem is caused by a need for creation mechanisms of the company’s risk management culture modern social and economic conditions. The research objective is to theoretically and empirically analyze the risk management culture of companies. 
Materials and methods. The research tasks were implemented through analyzing the risk culture conducted among banks “Research EY: risk culture in banks” (2014), among Russian business “Development level of risk management culture in small and medium business in Russia” (2013), among leading companies of Russia, Kazakhstan “Practice of risk management” (2010, 2014, 2015). The research methodology was based on the system approach.
Results. The authors theoretically analyzed the risk management culture and revealed types of risks, indicators of the risk management culture, characteristic of the strong risk-focused culture, a diagnostic model of the risk management culture. On the basis of these materials the researchers analyzed the risk culture of Russian companies.
Conclusions. The level of corporate risk culture in Russian companies has a low stage of development, which is caused by weak support of risk management by companies’ governance, absence of knowledge concerning the principles of risk management and uniform understanding of risks among ordinary staff as an effective system of company development, communication between the system of compensations
and risk management.

Key words

culture, risk direction, risk management, uncertainty, companies

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References

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Дата создания: 07.06.2017 14:59
Дата обновления: 15.06.2017 15:58